Yili Group (600887) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached RMB 34.74 billion, up 5.47% year-over-year, with net profit attributable to shareholders rising 10.68% to RMB 5.39 billion.

• Operating cash flow surged 293.92% year-over-year to RMB 3.73 billion, driven by increased sales and improved payables management.

Financial highlights

• Total assets at quarter-end were RMB 156.75 billion, up 3.06% from year-end 2025.

• Shareholders’ equity increased 9.02% to RMB 59.59 billion.

• Basic and diluted EPS both rose to RMB 0.85, up 10.39% year-over-year.

• Gross margin improved as operating costs grew slower than revenue.

• Net cash from operating activities was RMB 3.73 billion, compared to RMB 948 million in Q1 2025.

Outlook and guidance

• Management attributes strong cash flow to higher sales and better working capital management.