Gelonghui, May 6 | According to the Dongguan Securities Research Report, Yili Shares (600887.SH)'s overall dairy demand recovered weakly in 2023, and the company achieved total operating income of 126.179 billion yuan in 2023, an increase of 2.44% over the previous year; net profit to mother was 10.429 billion yuan, an increase of 10.58% over the previous year. Due to the late Spring Festival this year, the company's 2023Q4 performance declined due to the late Spring Festival preparation schedule. Demand for 24Q1's products continued to recover weakly, and sales of coal subsidiaries increased profits. Along with the steady progress of product structure upgrades and reforms, it is expected that there will be some room for future growth in the company's performance. Maintain the company's “buy” rating.
研报掘金丨东莞证券：伊利股份Q1产品需求延续弱复苏，维持“买入”评级
Research Report Nuggets丨Dongguan Securities: Demand for Q1 products of Yili Co., Ltd. continues to weakly recover, maintaining a “buy” rating
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