September 28, 2025 08:11 PM GMT Yili Industrial | Asia Pacific NDR Feedback - Focus on Raw Milk Supply Cycle and Key Product Category Strategy Key Takeaways Key questions from investors: 1. When will raw milk reach supply/demand balance? Management cited two positive signs: cow herds dropping sequentially and non-contractual raw milk prices rebounding. It expects a balance in 2026. 2. What are the next 3-5 year targets? Yili is still drafting its next 5-year plan. General directions are for: 1) liquid milk ...