Yili Group (600887) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 was RMB 28.56 billion, down 1.63% year-over-year; YTD revenue reached RMB 90.34 billion, up 1.81% year-over-year.

• Net profit attributable to shareholders for Q3 was RMB 3.23 billion, down 3.35% year-over-year; YTD net profit was RMB 10.43 billion, down 4.07% year-over-year.

• Cash flow from operating activities for the first nine months was RMB 9.40 billion, a decrease of 32.23% year-over-year, mainly due to lower prepayments from distributors.

Financial highlights

• Gross margin for the first nine months was RMB 32.49 billion, up from RMB 30.88 billion year-over-year.

• Basic and diluted EPS for Q3 was RMB 0.51, down 1.92% year-over-year; YTD EPS was RMB 1.65, down 3.51% year-over-year.

• Total assets at quarter-end were RMB 152.73 billion, down 0.65% from year-end 2024.

• Shareholders’ equity attributable to listed company shareholders increased 5.89% to RMB 56.31 billion.

Outlook and guidance

• Management did not provide explicit forward-looking guidance in the report.