The Zheshang Securities Research Report points out that the core operating profit margin of Yili Co., Ltd. continues to rise, and Q4 liquid milk is expected to accelerate. Net profit for 26Q3 was 3.05 billion yuan, and net profit for 26Q1-3 was 8.80 billion yuan. The health of the company's room temperature liquid milk channel continues to improve, and has achieved steady revenue growth; low temperature liquid milk has built a richer product matrix and achieved good sales breakthroughs in new channels such as member stores; the company's share of infant formula continues to grow, establishing a leading position; adult powder has maintained double-digit growth, and the adult powder and cold drink business have maintained the highest level in the industry; in terms of deep processing business, the company has improved its production line layout, continues to accumulate technology, and continuously develop new customers to lay a good foundation for the 2030 goal. In the fourth quarter, we expect the positive trend of various businesses in the first three quarters to continue, and liquid milk will also grow better. The company's mid-term dividend was implemented, and shareholder returns were continuously strengthened through cash dividends+repurchases. I believe that the company's fundamental trend is improving + high dividends, that the valuation is upward flexible, and I continue to recommend it.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.