Yili achieves record revenue, proposes dividend, expands debt capacity

Inner Mongolia Yili Industrial Group (SSE:600887) announced a series of significant developments, showcasing its financial strength and strategic direction. Despite a dip in net profit to CNY8.46 billion, the company reported record revenue of CNY115.39 billion for 2024. The Board recommends a cash dividend of CNY1.22 per share, totaling CNY7.73 billion, representing a payout of 91.40% of the net profit attributable to shareholders. Additionally, Yili is seeking shareholder approval to increase its debt financing capacity, planning to issue up to CNY45 billion in domestic debt and USD500 million in foreign debt to support growth initiatives.