On November 8, Guolian Guolian Research Reports pointed out that Inner Mongolia Yili Industrial Group (600887.SH) achieved a net income attributable to the mother of 3.337 billion yuan in Q3, a year-on-year increase of 8.53%, with a bright profit performance. In terms of product categories, in Q3 2024, liquid milk/infant formula/soft drinks revenue were 20.637/6.821/1.021 billion yuan respectively, with year-on-year changes of -10.31%, +6.56%, and -16.65%, among which liquid milk increased by 24.12% from the previous quarter. As a leading company in the dairy product industry, despite the current dairy product demand not showing significant recovery, the completion of channel adjustments is positive for shipments, while also benefiting from cost advantages and expense management. With subsequent stabilizing raw milk prices and demand, the company is expected to continue improving operations, maintaining a "buy" rating.