It has been more than half a month since the end of the third quarterly report, and various analyses and interpretations have followed. Compared with various points of view, the "first action" of large institutional funds in the third quarterly report disclosure window is more convincing, especially for the layout of those outstanding performance enterprises, such as Yili shares, whose performance exceeds expectations.
Today, we will dismantle this dairy faucet.
On October 30, Yili Co., Ltd. released its third quarterly report, and its revenue increased by 35% in the first three quarters$4.3 billion to $9740.4 billion yuan, net profit attributable to the parent increased by 13$1.9 billion to $938 billion yuan, outstanding performance. Especially in the third quarter, the net profit attributable to the parent company increased by more than 60% in a single quarter. For such an enterprise with revenue of more than 100 billion, such a growth rate is shocking enough.
It is worth noting that 2023 is the first year of normalcy, and the comparison of various data generally does not have a normal base that can be objectively compared.
As a result, the trading behavior of institutions is more convincing for Yili's real business performance in the first three quarters.
Northbound, two financial, social security, and pensions have been **
First of all, it is known as the northbound capital of the A-share wind vane, and after the disclosure of the third quarterly report, it is almost every day. According to the data of the choice financial terminal, as of November 16, in the 13 trading days after the disclosure of the third quarterly report, northbound funds have been increasing their holdings of ** Yili shares for 10 days. During the period, the cumulative net increase was 03.1 billion shares, with an increase of nearly 1 billion yuan.
The second is the highly professional two-tier financing, and the short selling intensity of securities lending continues to decline. For a listed company with two financing qualifications, a decline in the balance of securities borrowing and lending often means that the seller of the securities lending transaction has repurchased**, which may indicate that the seller believes that the listed company** has reached a reasonable level, and the next ** is more inclined to swing upward.
According to the data of Choice Financial Terminal, from October 31 to November 16, the balance of Yili's securities lending decreased from 19.16 million yuan to 13.26 million yuan, a decrease of 5.9 million yuan.
Finally, the pension of "can't lose" has also begun to appear in the top ten circulating shareholders of Yili shares for the first time. According to the latest shareholder details of the third quarterly report, as of the end of the third quarter, the basic pension insurance **802 portfolio held 45.18 million shares, with a value of nearly 1.2 billion yuan.
At the same time, the same "can't lose" social security** is also continuing to increase its holdings of Yili shares. In the third quarter, the national social security **113 portfolio**Yili shares 01.3 billion shares, an increase of 25 percent from the second quarter03%。
Obviously, the collective increase of Yili's position in different types of institutions with large funds is a recognition of the unexpected performance of this dairy leader, and it is also optimistic about its strategic layout and future certainty and growth.
Erie's big pictureStrategy
On the basis of hundreds of billions of dollars, Yili continues to blow the impact of "the world's largest dairy industry".
First, the clarion call of "the top five healthy foods", then it is required to have a greater strategic layout. In this regard, the third quarterly report is also more obvious.
First of all, the strategic path of internationalization is clear. According to the feedback of the third quarterly performance report, at the end of the industrial chain, Yili's acquisition of Western Dairy and Oceania Dairy in the past few years can make full use of the advantages of Oceania's large bags of flour, butter, whipping cream and other milk sources, and can also take advantage of the geographical advantages of these enterprises to provide more raw material support for the company's business in other countries (such as Southeast Asia).
Yili's acquisition of Ausnutria is based on Ausnutria's advantages in the international industrial chain, such as the Dutch milk source is one of its significant advantages. With the advancement of the integration with Ausnutria, in the future, the company's global first-class chain layout will be more perfect.
Obviously, from the perspective of the current international situation, Yili's vision is forward-looking and unique, and it has been deeply involved in Southeast Asia and Oceania for many years, and has completed the construction of the basic framework for breaking the global development, and has sold its products to more than 60 countries on five continents around the world. The internationalization strategy is strong enough for Yili's long-term growth.
The second is the breakthrough of the B-side. In the track of high demand for global catering B-end such as butter, cheese and cream, Yili has sufficient first-mover advantage and production capacity advantage. The simultaneous expansion of the BC side is continuing to build momentum for the international strategic layout. In fact, for the domestic B-end market, Yili has also begun to exert force. Attentive friends will find that Yili's Westgold butter has covered all major online and offline retail terminals, and Yili's Pro thick milk and other products dedicated to B-end are also emerging.
Especially in the B-end expansion model, Yili has launched a full-link in-depth cooperation with JD.com from quality control, warehousing, logistics to service very early. It is worth mentioning that in recent years, JD.com's TOB business segment has developed very rapidly and is seeking opportunities for independent listing. The cooperation between Yili and JD.com can be described as a strong alliance, which will have repercussions.
The big pattern corresponds to the big growth, whether it is globalization or the synchronous expansion of the BC side, what can bring Yili is the super development space of exponential growth. Knowing this, it is easy to understand that various institutions have funds to Yili, and they are optimistic about the future development of Yili.
This article is not intended as investment advice.