Morningstar sets CNY 33.60 fair value for Yili stock

Published on 10/12/2026 at 10:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Yili stock was Morningstar's preferred pick among China's two largest dairy processors on October 2, 2026. Revenue rose 4.13 percent.

Key points in brief

Morningstar set a CNY 33.60 fair value for Yili on October 2, 2026.
First-half 2026 revenue reached CNY 64.49 billion, up 4.13 percent year over year.
First-half net profit attributable to shareholders fell 20.02 percent to CNY 5.76 billion.
Yili stock stood at CNY 27.96 on the Shanghai Stock Exchange on October 12, 2026, with market capitalization of CNY 176.9 billion.

Yili, CNE000000JP5, Illustration mit AI erstellt.

Morningstar set a CNY 33.60 fair value for Yili stock on October 2, 2026, while naming Yili its preferred pick over Mengniu among China's two largest dairy processors. The assessment came as the latest interim figures showed rising sales but sharply lower reported profit.

Three dated signals shape Yili

On June 29, 2026, Yili's overseas subsidiary Boyuan Holdings completed a subscription that lifted its stake in Youran Dairy to 36.07 percent, according to Stockinsky. The move strengthened Yili's access to upstream milk supply and formed part of a three-year purchase and sales framework.

Yili disclosed its first-half 2026 interim report on August 26, 2026, according to Stockinsky. Total operating revenue reached CNY 64.49 billion, up 4.13 percent year over year, while net profit attributable to shareholders fell 20.02 percent to CNY 5.76 billion.

On October 2, 2026, Morningstar transferred coverage of Yili and assigned a CNY 33.60 fair value estimate. Its report described Yili as the preferred pick, giving the valuation view greater weight than a routine market update.

What does the fair value mean?

The CNY 33.60 estimate sits above the CNY 27.96 Shanghai price on October 12, 2026, but the comparison spans different valuation concepts and currencies are the same. The more immediate issue is earnings quality: first-half revenue expanded 4.13 percent, yet reported profit contracted 20.02 percent.

According to Stockinsky, the profit decline reflected CNY 2.46 billion of first-half asset impairment provisions, including CNY 1.55 billion of goodwill impairment and CNY 908.0 million of inventory write-downs. That one-off burden separates operating sales momentum from statutory profit performance.

Next reporting date is October 30

Investing.com lists October 30, 2026 as Yili's next earnings date. That report should show whether the sales recovery continues and whether impairment-related pressure fades from reported profit.

Shanghai price and market value

Yili was last at CNY 27.96 on the Shanghai Stock Exchange on October 12, 2026 at 3:00 p.m. CST. Market capitalization stood at CNY 176.9 billion on the same date.