Yili changed from a state-owned enterprise to a private enterprise because of an internal crisis within the enterprise.

The existing Yili management team was appointed in times of crisis. After experiencing the company's internal crisis in 2005 and the milk powder incident in 2008, it led the company out of difficulties. The Hohhot State-owned Assets Supervision and Administration Commission was only the fifth largest shareholder of Yili in 2009, but it is already the second largest shareholder in 2021, with the number of shares held increasing by N times. State-owned assets have not been lost, but are bigger and stronger.

The Yili brand products with halal characteristics produced by Yili Group are sold all over the country with their excellent quality and good services, and are favored and respected by consumers. In 1999, the Yili trademark was recognized as a well-known trademark in China by the State Administration for Industry and Commerce. Yili Group is the first in the country's food industry to pass the ISO9002 international quality system certification; more than 100 varieties of 39 types of products produced by the company have passed the green food certification of the National Green Food Development Center.

The development history of Yili

The development history of Yili can be said to be the epitome of the history of China's dairy industry from small to large, from weak to strong. In 1956, the Hohhot Huimin District Cattle Cooperative Group was established, which was the predecessor of Yili. In 1993, the joint-stock system was reorganized and Inner Mongolia Yili Industrial Group Co., Ltd. was established. In 1996, Yili Co., Ltd. went public, becoming the first A-share listed company in China's dairy industry.

In 1999, Yili established the Liquid Milk Division and was the first to introduce ultra-high temperature sterilization technology and liquid milk production lines on a large scale in China, ushering in the era of liquid milk in China. Since then, Yili has spread from Inner Mongolia to the whole of China. Yili Group has liquid milk, yogurt, milk powder, cold drinks, and cheese divisions. It has pure milk, milk drinks, ice cream, ice cream, milk powder, yogurt, cheese and other product varieties. Its production volume, scale, and brand value rank first in the country.

Reference for the above content: Baidu Encyclopedia-Inner Mongolia Yili Industrial Group Co., Ltd.