Financial Performance - Revenue for the first half of 2024 was RMB 59.70 billion, a decrease of 9.53% year-over-year[11] - Net profit attributable to shareholders was RMB 7.53 billion, an increase of 19.44% year-over-year[11] - Basic earnings per share (EPS) for the first half of 2024 was RMB 1.18, up 19.19% compared to the same period last year[11] - Operating cash flow for the first half of 2024 was RMB 5.33 billion, a decrease of 11.42% year-over-year[11] - Weighted average return on equity (ROE) was 13.18%, an increase of 1.32 percentage points compared to the same period last year[11] - The company achieved total operating revenue of 59.915 billion yuan and a net profit of 7.573 billion yuan in the reporting period[21] - Net profit after deducting non-recurring gains and losses decreased by 12.81% to 5.324 billion RMB[105] - Total operating income for the first half of 2024 was RMB 59.91 billion, a decrease of 9.5% compared to RMB 66.20 billion in the same period of 2023[110] - Operating costs for the first half of 2024 were RMB 53.28 billion, a decrease of 9.6% compared to RMB 58.94 billion in the same period of 2023[110] - Net profit for the first half of 2024 was RMB 8.75 billion, an increase of 19.4% compared to RMB 7.33 billion in the same period of 2023[110] - Net profit attributable to parent company shareholders reached RMB 7.53 billion, a 19.4% increase from RMB 6.31 billion in the previous year[111] - Total comprehensive income for the period was RMB 7.23 billion, up 12.8% from RMB 6.41 billion in the prior year[111] - Basic earnings per share increased to RMB 1.18, compared to RMB 0.99 in the previous year[111] - Parent company's net profit rose 30.3% to RMB 8.81 billion from RMB 6.77 billion in the prior year[113] - Investment income for the parent company surged 90.4% to RMB 5.78 billion from RMB 3.04 billion in the previous year[113] - Parent company's operating profit increased by 26.4% to RMB 9.20 billion from RMB 7.28 billion in the prior year[113] - Parent company's total comprehensive income grew 30.1% to RMB 8.81 billion from RMB 6.77 billion in the previous year[113] - Sales revenue from goods and services in the first half of 2024 was RMB 60.73 billion, a decrease of 9.6% compared to RMB 67.18 billion in the same period of 2023[114] - Net cash flow from operating activities in the first half of 2024 was RMB 5.33 billion, a decrease of 11.4% compared to RMB 6.01 billion in the same period of 2023[114] - Cash received from selling goods and providing services in the first half of 2024 was RMB 60.73 billion, a decrease of 9.6% compared to RMB 67.18 billion in the same period of 2023[114] - Cash paid for goods and services in the first half of 2024 was RMB 45.73 billion, a decrease of 11.8% compared to RMB 51.84 billion in the same period of 2023[114] - Net cash flow from investing activities in the first half of 2024 was negative RMB 2.71 billion, an improvement from negative RMB 11.09 billion in the same period of 2023[115] - Cash received from investments in the first half of 2024 was RMB 1.16 billion, an increase of 27.3% compared to RMB 910.88 million in the same period of 2023[115] - Cash paid for investments in the first half of 2024 was RMB 2.02 billion, a significant decrease of 77.4% compared to RMB 8.97 billion in the same period of 2023[115] - Net cash flow from financing activities in the first half of 2024 was negative RMB 1.15 billion, compared to positive RMB 8.85 billion in the same period of 2023[115] - Cash received from borrowings in the first half of 2024 was RMB 130.43 billion, a decrease of 14.6% compared to RMB 152.79 billion in the same period of 2023[115] - Cash and cash equivalents at the end of the first half of 2024 were RMB 44.24 billion, an increase of 19.6% compared to RMB 36.99 billion at the end of the first half of 2023[115] - Sales revenue from goods and services received in cash decreased to 54.06 billion yuan in the first half of 2024, compared to 60.26 billion yuan in the same period of 2023[116] - Net cash flow from operating activities significantly dropped to 1.32 billion yuan in the first half of 2024, down from 27.35 billion yuan in the first half of 2023[116] - Net cash flow from investing activities improved to 3.33 billion yuan in the first half of 2024, compared to a negative 7.45 billion yuan in the same period of 2023[116] - Net cash flow from financing activities was negative 2.99 billion yuan in the first half of 2024, an improvement from negative 14.17 billion yuan in the first half of 2023[116] - The company distributed dividends and profits amounting to 7.64 billion yuan in the first half of 2024[117] - The ending balance of cash and cash equivalents increased to 25.16 billion yuan by the end of the first half of 2024, up from 23.01 billion yuan at the end of the same period in 2023[116] - Total owner's equity decreased slightly to 56.76 billion yuan by the end of the first half of 2024, down from 57.32 billion yuan at the beginning of the period[117] - Owner's equity decreased by 653.9 million yuan in the first half of 2024, from 54.14 billion yuan to 53.49 billion yuan[119][120] - Comprehensive income for the period was 6.41 billion yuan, with 6.32 billion yuan attributable to parent company owners[119] - Profit distribution to shareholders amounted to 6.62 billion yuan[120] - Capital reserve decreased by 880.9 million yuan, mainly due to a reduction in owner's capital investment[119] - Treasury stock decreased by 370.5 million yuan[119] - Minority shareholders' equity increased by 185.7 million yuan[119] - Other comprehensive income showed a positive adjustment of 466,807.67 yuan[119] - Retained earnings decreased by 296.7 million yuan[119] - Other equity instruments increased by 60.1 million yuan[120] - The company's total assets stood at 53.49 billion yuan as of the end of the reporting period[120] - Total owner's equity at the end of the period increased to CNY 44.53 billion, up from CNY 43.46 billion at the beginning of the period[121] - Comprehensive income for the period amounted to CNY 8.81 billion[121] - Capital reserve increased by CNY 20.3 million during the period[121] - Retained earnings grew by CNY 1.18 billion, reaching CNY 23.04 billion at the end of the period[121] - Total owner's equity decreased by CNY 455.56 million compared to the previous period, ending at CNY 41.61 billion[122] - Comprehensive income for the period was CNY 6.77 billion[122] - Capital reserve decreased by CNY 941.01 million during the period[122] - Retained earnings increased by CNY 164.43 million, reaching CNY 20.36 billion at the end of the period[122] Assets and Liabilities - Total assets as of the end of the reporting period were RMB 149.89 billion, a decrease of 1.14% compared to the end of the previous year[11] - Overseas assets amounted to RMB 18.79 billion, accounting for 12.53% of total assets[33] - Contract liabilities decreased by 49.06% to RMB 4.43 billion, mainly due to reduced prepayments from distributors[30] - Long-term borrowings decreased by 36.89% to RMB 7.39 billion, with a significant portion reclassified as current liabilities[30] - Investments in associates and joint ventures increased slightly by 0.50% to RMB 4.43 billion, generating RMB 39.57 million in investment income[35] - Total assets decreased slightly to 1.499 trillion RMB, with current assets at 689.951 billion RMB and non-current assets at 808.950 billion RMB[106] - Total liabilities decreased to 93.13 billion RMB from 94.30 billion RMB year-over-year[107] - Short-term borrowings increased to 48.24 billion RMB from 39.75 billion RMB[107] - Accounts payable decreased to 13.25 billion RMB from 13.80 billion RMB[107] - Contract liabilities decreased to 4.43 billion RMB from 8.70 billion RMB[107] - Total current liabilities increased to 80.14 billion RMB from 76.86 billion RMB[107] - Long-term borrowings decreased to 7.39 billion RMB from 11.71 billion RMB[107] - Total non-current liabilities decreased to 12.99 billion RMB from 17.44 billion RMB[107] - Total assets increased to 122.99 billion RMB from 117.51 billion RMB[108] - Cash and cash equivalents increased to 25.43 billion RMB from 24.01 billion RMB[108] - Long-term equity investments increased to 53.77 billion RMB from 50.77 billion RMB[108] - Total liabilities as of June 2024 were RMB 78.46 billion, an increase of 6.0% compared to RMB 74.05 billion in June 2023[109] - Short-term borrowings as of June 2024 were RMB 12.31 billion, an increase of 101.4% compared to RMB 6.11 billion in June 2023[109] - Accounts payable as of June 2024 were RMB 12.29 billion, a decrease of 5.2% compared to RMB 12.96 billion in June 2023[109] - Contract liabilities as of June 2024 were RMB 4.01 billion, a decrease of 50.6% compared to RMB 8.12 billion in June 2023[109] - Long-term borrowings as of June 2024 were RMB 6.91 billion, a decrease of 37.7% compared to RMB 11.09 billion in June 2023[109] - Total equity as of June 2024 was RMB 44.53 billion, an increase of 2.5% compared to RMB 43.46 billion in June 2023[109] Business Operations - New product revenue accounted for 15.2% of total revenue, driven by products like "Anmuxi" probiotic yogurt and "Jinlingguan" organic HMOs infant formula[16] - Overseas business revenue increased by 4% year-over-year, with organic growth in Southeast Asia reaching 7% excluding currency effects[16] - The company accelerated digital transformation across the entire industry chain, leveraging AI, IoT, and big data, and launched the YILI-GPT model to enhance efficiency[16] - Domestic raw milk supply growth exceeded demand growth, leading to a short-term imbalance and downward pressure on retail prices[16] - The company operates in six major product categories: liquid milk, infant nutrition, adult nutrition, frozen beverages, yogurt, and cheese[14] - The company employs a centralized procurement model for raw materials to enhance bargaining power and capital efficiency[14] - The company utilizes a global production network, leveraging advantages in Asia, Oceania, and Europe to ensure high-quality product output[14] - The company focuses on digital marketing and content marketing to enhance brand awareness and reputation[14] - The company's overseas subsidiaries, such as THE CHOMTHANA COMPANY LIMITED and PT Yili Indonesia Dairy, focus on producing and selling products like milk powder and cheese globally[14] - Liquid milk business generated revenue of 36.887 billion yuan, maintaining the top market share in the industry[21] - The penetration rate of room-temperature liquid milk in household consumption increased by 0.8% year-on-year, with purchase frequency rising by 2.2%[17] - In lower-tier cities, the penetration rate of household consumption increased by 1.9% year-on-year, and purchase frequency rose by 2.4%[17] - The company's milk powder and dairy products business achieved revenue of 14.509 billion yuan, a year-on-year increase of 7.31%[22] - The company holds 919 domestic and international invention patents, an increase of 81 from the end of the previous year[20] - The company operates 81 production bases globally, with products sold in 60 countries and regions, and a total production capacity of 16.31 million tons per year[20] - The company's MSCI ESG rating was upgraded to AA, the highest among Chinese dairy companies[20] - The company launched the world's first room-temperature probiotic yogurt under the "Ambrosial" brand, addressing the challenge of maintaining active probiotics in long-shelf-life yogurt[22] - The company's "Golden Classic" brand continued to increase its market share, driven by organic product upgrades[22] - The company's infant formula retail sales market share increased by 1.7 percentage points year-on-year to 16.9%, with sales achieving growth against the trend[23] - Adult milk powder retail sales market share rose by 0.5 percentage points year-on-year to 24.3%, maintaining the top market position[23] - Cheese business offline retail sales market share reached 18.8%, up 1.2 percentage points year-on-year, with traditional channel retail sales market share increasing by 5.5 percentage points to 25.7%[23] - Cold beverage business revenue reached 7.322 billion yuan, maintaining the top market position[24] - The company successfully developed internationally leading probiotic encapsulation technology and commercialization equipment, achieving breakthrough results in promoting probiotic efficacy[25] - The company launched the dairy industry's first large model application, YILI-GPT, applying AI capabilities across core business areas[26] - Overseas ice cream brand Joyday was selected for the IOC global brand list in the food and beverage industry[26] - The company initiated the "Lactating Cow Yield Improvement Project" to lead high-quality development in the industry[26] - The company's 28 laboratories have obtained CNAS laboratory accreditation certificates, enhancing quality management and consumer satisfaction[24] - The company's "Jinlingguan" organic HMOs infant formula drove double-digit sales growth in the organic series[23] Investments and Financial Instruments - Dada Group's stock investment had an initial cost of 10,050,000.00 yuan, with a fair value change loss of -6,043,560.82 yuan, resulting in an ending book value of 3,708,554.47 yuan[38] - SenseTime Group's stock investment had an initial cost of 15,449,703.36 yuan, with a fair value change gain of 243,338.45 yuan, resulting in an ending book value of 2,001,069.10 yuan[38] - ANE Logistics' stock investment had an initial cost of 10,000,000.00 yuan, with a fair value change gain of 5,509,933.90 yuan, resulting in an ending book value of 32,028,020.29 yuan[38] - Inner Mongolia Yili Industrial Group's investment in private equity funds amounted to 1,534,379,413.42 yuan as of the reporting period[39] - Yili's commodity futures investment had a fair value change loss of -518,988.64 yuan, resulting in an ending book value of -416,362.71 yuan[40] - Yili's foreign exchange derivatives investment had an initial book value of 90,680,896.17 yuan, with a fair value change loss of -76,601,247.01 yuan, resulting in an ending book value of 12,804,417.96 yuan[40] - Yili's total derivative investments had a fair value change loss of -449,313.64 yuan, resulting in an ending book value of 12,388,055.25 yuan[40] - Yili's commodity futures and options generated a net loss of -44.93 million yuan, while foreign exchange derivatives generated a net loss of -1,294.31 million yuan[40] - Yili's derivative investments for hedging purposes had a total fair value change loss of -7,694.85 million yuan[41] - Yili's board approved derivative investments on April 30, 2024, and the shareholders' meeting approved them on May 21, 2024[41] - Hong Kong Jin Gang Trading Holdings Co., Ltd. reported a net loss of 4,444.67 million yuan with total assets of 3,104,216.32 million yuan and net assets of 1,733,129.25 million yuan[43] - Yili Finance Co., Ltd. achieved a net profit of 22,558.00 million yuan with total assets of 1,720,500.67 million yuan and net assets of 199,428.93 million yuan[43] - Inner Mongolia Sheng Tai Venture Capital Co., Ltd. recorded a net profit of 216,409.17 million yuan with total assets of 356,074.32 million yuan and net assets of 351,862.67 million yuan[43] - Ningxia Yili Dairy Co., Ltd. reported a net profit of 36,220.81 million yuan with total assets of 233,948.51 million yuan and net assets of 154,687.25 million yuan[43] Risk Management - The company faces supply risks due to potential fluctuations in imported raw material prices influenced by geopolitical and international trade policies[44] - Financial risks are heightened as the company's international strategy progresses, with increased exposure to exchange rate and trade policy fluctuations[44] - The company emphasizes the importance of food safety and continuously improves its global quality management system to mitigate product quality risks[44] - Two subsidiaries, Fuxin Yili Dairy Co., Ltd. and Zhumadian Yili Dairy Co., Ltd., were dissolved[44] Corporate Governance

证券代码：600887 证券简称：伊利股份 公告编号：临 2024-075 内蒙古伊利实业集团股份有限公司关于收到中国 银行间市场交易商协会《接受注册通知书》的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 内蒙古伊利实业集团股份有限公司(简称"公司")于 2024 年 5 月 20 日召开的 2023 年年度股东大会审议并通过了《公司关于申请注册发行境 内债务融资工具的议案》，同意公司注册发行余额合计不超过 400 亿元 人民币的多品种债务融资工具（DFI），详见公司刊登于上海证券交易所 网站的相关公告。 公司于近日收到中国银行间市场交易商协会（简称"交易商协会"） 出具的编号为"中市协注〔2024〕DFI44 号"《接受注册通知书》，交 易商协会接受公司债务融资工具注册。现将《接受注册通知书》的相关 事项公告如下： 一、公司债务融资工具注册自本通知书落款之日起 2 年内有效，由中 信银行股份有限公司、招商银行股份有限公司、华夏银行股份有限公司、 兴业银行股份有限公司、中国光大银行股份有限公司、中国银行股份有限 公司、 ...

证券代码：600887 证券简称：伊利股份 公告编号：临2024-073 内蒙古伊利实业集团股份有限公司 关于为呼和浩特市伊兴奶业投资管理有限公司 提供担保的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 被担保人名称：呼和浩特市伊兴奶业投资管理有限公司（简称"伊 兴奶业投资"） 本次担保金额及已实际为其提供的担保余额：本次担保本金不超过 人民币0.40亿元，已实际为其提供的担保余额为人民币0.428亿元。 本次担保是否有反担保：无 对外担保逾期金额：0.20亿元 一、担保情况概述 （一）本次担保基本情况 2024年8月19日，内蒙古伊利实业集团股份有限公司（简称"公司"） 与伊兴奶业投资及兴业资产管理有限公司（简称"兴业资管"）三方签 署了《差额补足之担保协议》，为伊兴奶业投资与兴业资管签署的以融 资为目的的股权收益权转让主合同项下的业绩补偿费及股权收益权回购 款承担差额补足连带保证担保义务，差额补足本金不超过人民币0.40亿 元。 （二）本次担保事项履行的内部决策程序 公司于2024年4月28日召 ...

证券代码：600887 证券简称：伊利股份 公告编号：临 2024-074 内蒙古伊利实业集团股份有限公司 关于召开 2024 年半年度业绩说明会的公告 2、上证路演中心音频直播结合网络互动 会议召开时间：2024 年 8 月 30 日（星期五）9:00-10:30，其 中，电话会议和上证路演中心音频直播时间为 9:00-10:00，上证路演 中心网络互动时间为 10:00-10:30。 投资者可于 2024 年 8 月 23 日（星期五）至 8 月 29 日（星期 四）16:00 前通过电话会议预报名系统或登录上证路演中心网站首页点 击"提问预征集"栏目进行提问。公司将在说明会上对投资者普遍关 注的问题进行回答。 内蒙古伊利实业集团股份有限公司（简称"公司"）将于 2024 年 8 月 30 日发布 2024 年半年度报告。为便于广大投资者更全面、深入地 了解公司 2024 年上半年度经营成果、财务状况，公司计划于 2024 年 8 月 30 日举行 2024 年半年度业绩说明会，就投资者普遍关注的问题进 行交流。 一、说明会类型 本次业绩说明会将采取两种方式召开，分别为电话会议及上证路 演中心音频直播结合 ...

北京天驰君泰律师事务所 关于内蒙古伊利实业集团股份有限公司 2019 年股权激励计划部分限制性股票回购注销实施的 法 律 意 见 书 二〇二四年八月 北京天驰君泰律师事务所 http://www.tiantailaw.com 总机/T:+8610 -6184 8000 传真/F:+8610-61848009 地址： 北京市朝阳区北辰东路八号汇宾大厦六层、七层、十七层、二十层 北京天驰君泰律师事务所 关于内蒙古伊利实业集团股份有限公司 2019 年股权激励计划部分限制性股票回购注销实施的 法 律 意 见 书 致：内蒙古伊利实业集团股份有限公司 北京天驰君泰律师事务所（以下简称"本所"）接受内蒙古伊利实 业集团股份有限公司（以下简称"伊利股份"或"公司"）的委托，担 任伊利股份2019年限制性股票激励计划（以下简称"2019年股权激励计 划"）的专项法律顾问，就相关事宜提供专项法律服务。 本所现根据《中华人民共和国公司法》（以下简称"《公司法》"）、 《中华人民共和国证券法》（以下简称"《证券法》"）、中国证券监 督管理委员会（以下简称"中国证监会"）发布的《上市公司股权激励 管理办法》等相关法律、法规、部门规章 ...

重要内容提示： 回购注销原因：根据《上市公司股权激励管理办法》《内蒙古伊 利实业集团股份有限公司 2019 年限制性股票激励计划草案（修订稿）》 （简称"《2019 年股权激励计划》"）等相关规定，内蒙古伊利实业集 团股份有限公司（简称"公司"）激励对象中，7 名激励对象因个人原 因离职，不再具备限制性股票激励对象资格，拟回购注销其持有的已获 授但未解除限售的 136,400 股限制性股票。 证券代码：600887 证券简称：伊利股份 公告编号：临 2024-072 内蒙古伊利实业集团股份有限公司 关于2019年股权激励计划部分限制性股票 回购注销实施公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 本次注销股份的有关情况 | 回购股份数量（股） | 注销股份数量（股） | 注销日期 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 136,400 | 136,400 | | 2024 年 | 8 | 月 | 15 | 日 | 一、本次限制性股票 ...

证券代码：600887 证券简称：伊利股份 公告编号: 临 2024-071 内蒙古伊利实业集团股份有限公司 关于参加内蒙古辖区 2024 年投资者 网上集体接待日活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 为进一步加强与投资者的互动交流，内蒙古伊利实业集团股份有限 公司（简称"公司"）将参加由内蒙古证监局、内蒙古上市公司协会与 深圳市全景网络有限公司联合举办的"内蒙古辖区上市公司 2024 年投 资者网上集体接待日活动"，现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录 "全景路演" 网站（https://rs.p5w.net）；或关注微信公众号：全景财经，或下载 全景路演 APP, 参与本次互动交流，活动时间为 2024 年 8 月 9 日（星期 五）15:00–17:00。届时公司董事会秘书邱向敏先生、投资者关系部总经 理赵琳女士、证券事务代表赖春玲女士将在线就公司 2023 年度业绩、公 司治理、发展战略、经营状况和可持续发展等投资者关心的问题，与投 资者进行沟通与交流，欢迎广大投 ...

证券代码：600887 证券简称：伊利股份 公告编号：临 2024-071 内蒙古伊利实业集团股份有限公司 关于参加内蒙古辖区 2024 年投资者 网上集体接待日活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 为进一步加强与投资者的互动交流，内蒙古伊利实业集团股份有限 公司（简称"公司"）将参加由内蒙古证监局、内蒙古上市公司协会与 深圳市全景网络有限公司联合举办的"内蒙古辖区上市公司 2024 年投 资者网上集体接待日活动"，现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演" 网站（https://rs.p5w.net）；或关注微信公众号：全景财经；或下载 全景路演 APP,参与本次互动交流，活动时间为 2024 年 8 月 9 日（星期 五）15:00-17:00。届时公司董事会秘书邱向敏先生、投资者关系部总经 理赵琳女士、证券事务代表赖春玲女士将在线就公司 2023 年度业绩、公 司治理、发展战略、经营状况和可持续发展等投资者关心的问题，与投 资者进行沟通与交流，欢迎广大投资者踊 ...

证券代码：600887 证券简称：伊利股份 公告编号：临 2024-070 内蒙古伊利实业集团股份有限公司 关于股份回购进展公告 内蒙古伊利实业集团股份有限公司（简称"公司"）分别于 2024 年 4 月 28 日、2024 年 5 月 20 日召开第十一届董事会临时会议和 2023 年年 度股东大会，审议通过了《关于以集中竞价交易方式回购公司股份方案 的议案》，同意公司使用不低于人民币 10 亿元（含）且不超过人民币 20 亿元（含）的自有资金以集中竞价交易方式回购公司股份，回购价格不 超过人民币 41.88 元/股（含），回购期限自公司股东大会审议通过回购 方案之日起不超过 12 个月，回购股份将用于依法注销减少注册资本。具 体内容详见公司于 2024 年 5 月 21 日披露的《内蒙古伊利实业集团股份 有限公司关于以集中竞价交易方式回购公司股份的回购报告书》。 1 回购方案首次披露日 2024/4/30 回购方案实施期限 2024/5/20~2025/5/19 预计回购金额 10 亿元~20 亿元 回购用途 √减少注册资本 □用于员工持股计划或股权激励 □用于转换公司可转债 □为维护公司价值及股东权益 ...