Equity Analyst

Xin Yu, CFA

An equity research analyst with over 5 years of experience in multiple sectors. Previously worked for a global asset manager, covering China equities in multiple markets including A-shares/H-shares/ADRs and multiple sectors including TMT, industrial, consumer, etc. I conduct fundamental research to invest in high quality companies at an attractive valuation.

Equity Bottom-Up

Inner Mongolia Yili Industrial Group (A) / Equity Bottom-Up

Inner Mongolia Yili Industrial Group (A) (600887 CH)

<ul>
<li>Yili is the largest dairy company in China with established entry barriers of brand and products.</li>
<li>Yili aims to join the world’s top three dairy enterprises by 2025 and strives to seize first place by 2030.</li>
<li>Management announced the plan of a revenue CAGR of ~10% y/y between 2021 and 2025 and margin improvement of 50bps each year.</li>
</ul>


Yili is the largest dairy company in China with established entry barriers of brand and products.
Yili aims to join the world’s top three dairy enterprises by 2025 and strives to seize first place by 2030.
Management announced the plan of a revenue CAGR of ~10% y/y between 2021 and 2025 and margin improvement of 50bps each year.


Inner Mongolia Yili Industrial Group (A)

2023 High Conviction Idea: Yili