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Yili Innovation and Market Leadership

Financial Highlights (伊利 品质,源于热爱 RMB (million) 2021 2022 Growth rate 2022 Q1 2023 Q1 Growth rate Revenue 110,595 123,171 11.37% 31,047 33,441 7.71% Revenue from core business 108,462 121,149 11.70% 30,589 33,115 8.26% Gross profit' 33,342 39,275 17.79% 10,587 11,219 5.97% Gross profit margin 30.74% 32.42% 1.68ppts 34.61% 33.88% -0.73ppts Selling expense ratio 17.46% 18.60% 1.13ppts 18.14% 17.07% -1.07ppts G&A expense ratio 3.82% 4.34% 0.52ppts 3.32% 4.19% 0.87ppts Operating profit 10,230 10,860 6.15% 4,210 4,198 -0.27% Net profit attributable to shareholders 8,705 9,431 8.34% 3,519 3,615 2.73% of the company Net profit margin 7.87% 7.66% -0.21ppts 11.33% 10.81% -0.52ppts EPS (RMB) 1.43 1.48 3.50% 0.56 0.57 1.79% ROE 25.59% 19.23% -6.36ppts 7.12% 6.99% -0.13ppts Note 1: Gross profit is calculated from core business revenue Data source: Company data 8
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