Yili Innovation and Market Leadership

Gross Margin by Segment 1.68 ppts 30.7% 2021 39.2% 1.26 ppts 32.4 % 2022 40.5 % 2021 2022 Data source: Company data 28.3% Total Liquid milk 2021 Milk powder and milk products Ice cream I 40.3 % 0.91 ppts 1.80 ppts 29.2% 2022 38.5 % (伊利品质,源于热爱 2021 2022 11

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