SHENZHEN, China, October 29, 2024-

Chinese pet hygiene products manufacturer Yiyi released its earnings results for the first three quarters of 2024. Revenue achieved a year-on-year increase of 33.43% to 1.32 billion yuan ($184.5 million). Net profit attributable to the owners of the parent grew by 72.72% to 150.93 million yuan. Net profit attributable to the owners of the parent after deducing non-recurring profit and loss increased by 61.08% to 135.51 million yuan.

Located in Tianjin, Yiyi went public on A-share market of the Shenzhen Stock Exchange in May 2021 for capacity expansion. According to its 2023 report, the company decided to end implementation of construction plan of a hygiene materials project announced after its IPO, and announced to invest 254 million yuan into nonwoven facility construction and capacity expansion.

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