October 20th news, as of today's closing, Yili, the leader of dairy industry, has rarely plummeted by more than 6%. As of press time, the stock price was 30.3 yuan, the turnover of was 23.087 billion yuan, and the latest market value was 193.9 billion yuan.
Yili Co., Ltd.'s 2022 interim report shows that the company's main business income was 63.463 billion yuan, up 12.31% year-on-year; net profit attributable to shareholders was 6.133 billion yuan, up 15.23% year-on-year; net profit excluding non-operating items was 5.888 billion yuan, up 17.51% year-on-year; among them, in the second quarter of 2022, the company's main business income in a single quarter was 32.416 billion yuan, up 11.23% year-on-year; net profit attributable to shareholders in a single quarter was 2.614 billion yuan, up 4.91% year-on-year; net profit excluding non-operating items in a single quarter was 2.598 billion yuan, up 9.06% year-on-year; debt ratio is 56.99%, investment income is 189 million yuan, financial expenses are -239.9869 million yuan, and gross profit margin is 33.48%.
However, since the release of Yili Shares' interim report, the stock price has started a downward trend.
In addition, Yili shares will release its 2022 Q3 financial report on October 28, 2022 Beijing time.
Huajin Securities released a research report on September 1, saying that it gave Yili shares a buy rating . The rating reasons mainly include: 1) Diversified development ensures steady growth in performance, market share progresses simultaneously; 2) Cost pressure is alleviated, and profitability is stable and improving. Risk warning: The epidemic situation in some areas has repeated, product upgrades are less than expected, raw material prices have risen beyond expectations, and industry competition has intensified.
It is worth noting that a total of 47 institutions have made predictions for Yili Co., Ltd.'s 2022 annual performance in 6 months, predicting that the average net profit in 2022 will be 10.465 billion yuan, an increase of 20.22% year-on-year compared with last year's . Among them, 34 institutions "buy", 4 institutions "recommended", 2 institutions "better than the market", 2 institutions "strongly recommend", 2 institutions "increase their holdings", 1 institution "buy", 1 institution "strongly promotes", and 1 institution "recently increases holdings". The target price is the highest forecast of 60.00 yuan, and the lowest forecast is 43.00 yuan, with an average of 49.19 yuan.
For the dairy industry, Dongwu Securities believes that the epidemic is repeatedly mixed with the rise in raw and auxiliary materials. The second quarter of 2022 may be the most difficult time in the industry. With the easing of the epidemic, the recovery of demand, low base, and the investment of two strong dairy products, focusing on brand building, and other factors such as superimposed factors. The dairy sector is expected to usher in accelerated growth in the second half of 2022. It is optimistic that the industry structure will improve in the medium and long term and optimize the profitability of the leading company. The current sector and leading valuations are at low levels, with long-term value highlighted. Mengniu Dairy and Yili Co., Ltd. are still recommended, and Mengniu Dairy is recommended.
