In the third quarter of 2022, Yili's operating income increased by 6.72% year-on-year to RMB 30.287 billion. Net profit decreased by 26.46% year-on-year to 6543.8 yuan+92.9 million yuan. After deducting non-recurring gains and losses, the net profit was 65.438+69.3 million yuan, down 33.27% year-on-year. In response to the decline in net profit, Yili said in the financial report that due to fierce market competition, the sales expenses in the third quarter of 2022 turned into a decrease in net profit, while the transaction income led to an increase in the fair value of financial assets and non-recurring gains and losses in the same period, and the mutual influence reduced the non-recurring gains and losses attributable to shareholders of listed companies. At present, Yili mainly deals in liquid milk, milk powder, dairy products and cold drinks, and other products are mainly packaged drinking water.
In terms of product categories, Yili's other products business grew the fastest in the first three quarters of 2022, with revenue of 3 1 1 billion yuan, compared with 1.08% in the same period of 2026. Followed by milk powder and dairy products, the income in the first three quarters was 65.438+08.728 billion yuan, an increase of 60.50% over the same period of 2026.5438+0. China Post Securities pointed out that the income of Yili's milk powder and dairy products business accelerated, mainly due to the second quarter of 2022 in Australia. In the same period, the income of Yili liquid milk was 64 102 million yuan, down 0.95% year-on-year; The operating income of cold drink products was 9.200 billion yuan, a year-on-year increase of 32.43%.
Cicc released a research report on July 29th, 2022, maintaining Yili's superior rating to the industry, with a target price of 49 yuan. The latest closing price of the company is 35.83 yuan, which is 36.76% higher than the target price. CICC predicts that in 2022, the net profit attributable to the parent company of Yili will reach 65.438+0.0408 billion yuan, a year-on-year increase of 654.38+09.56%. On June 28th, 2022, 10, CICC released a research report to maintain Yili's superior rating to the industry, with a target price of 40 yuan; CICC also predicts that Yili's net profit will be 9.27 billion yuan in 2022, a year-on-year increase of 6.49%.