Inner Mongolia’s Dairy Giant, Yili Group, Reports US$677 Million in Profits for 2014

Top Chinese dairy company Yili Group reported 30-percent net profit growth in 2014 on Saturday [25 April 2015]. The Shanghai-listed company raked in combined net profits of 4.1 billion yuan (677 million U.S. dollars), according to its annual report. Statistics from China General Chamber of Commerce showed that last year the Inner Mongolia-based company beat

Guangdong’s Infant Formula Maker, Yashili International, Announces Profit Losses

Chinese milk powder maker Yashili International Holdings Ltd said on Wednesday [14 January 2015] it expects its 2014 net profit to fall about 40 percent, hit by slowing demand for baby formula and higher marketing and compliance costs. The profit warning by Yashili, owned by China Mengniu Dairy Co and French dairy Danone SA, highlights

Chinese Vegetable Processor Reports Declining Revenue

China Minzhong Food Corporation, an integrated vegetable processing company based in China, released its third quarter results on Tuesday. Market watchers will remember that China Minzhong was embroiled in controversy over short-seller Glaucus Research Group’s acquisitions last August that the vegetable processor had been engaged in financial impropriety…Full Article: Fresh Plaza Apr 2014 Key point