Is Yili a state-owned enterprise?

Yili is a state-owned enterprise. Yili Co., Ltd. is the holding company of the State-owned Assets Supervision and Administration Commission of Hohhot City and the holding company of the local government.

Inner Mongolia Yili Industrial Group Co., Ltd. Yili Group, the chairman of Yili is also a well-known entrepreneur. The predecessor of Yili Group is Hohhot Huimin Milk Food Factory (state-owned). In January 1986, Zheng Junhuai took over as factory director. Through unremitting efforts, Zheng Junhuai has turned a famous "corrupt farm" into a large-scale dairy enterprise, driving surrounding farmers out of poverty and becoming rich. In February 1993, Hohhot Huimin Milk Food Factory was restructured with 21 employees, absorbing other legal entities and internal employees as shareholders. Yili Group's targeted recruitment was established and changed its name to "Inner Mongolia Yili Industrial Co., Ltd." on June 14, 1993. Until 2013, Yili was still a state-owned enterprise. In 2014, Yili Group appeared on the list of China's top 500 private enterprises released by the All-China Federation of Industry and Commerce. Since then, Yili has become a private enterprise.

When Yili Co., Ltd. was established, it was a collective enterprise. After years of joint-stock reform, institutions, individuals and state-owned capital all hold shares. At present, state-owned capital is still the largest shareholder and the largest dairy enterprise in Asia. Mengniu is a dairy enterprise founded by another company after Niu Gensheng, the former representative president of Yili Co., Ltd. resigned. According to the prospectus at the time, the top six shareholders were all private companies and individuals, and they were truly private companies in the dairy industry.

Yili’s market position and global market system: On the basis of deeply exploring the Chinese market, the fastest growing market in the world, Yili has rapidly accumulated its brand’s global reputation in the global market through heavyweight international events such as the Olympic Games and World Expo. Visibility and brand energy.

In 2013, Yili invested in New Zealand and Oceania production bases, and "piled" in the three traditional sectors of the western dairy industry, namely the Americas, Oceania and Europe. On November 25, 2014, the first phase of the base was put into operation.

In 2014, Yili cooperated with Wagening University in the Netherlands to open a European R&D center, carried out scientific research cooperation with Lincoln University in New Zealand across the entire industry chain, and reached cooperation with internationally renowned quality institutions SGS, Lloyd's Register and Intertek. , and jointly improve Yili's global quality management system.

So Yili is now a state-owned enterprise. Although it was a private enterprise before, it has become a state-owned enterprise after the support and capital injection of Guoan.