(Yicai Global) Oct. 31 -- Shares in leading Chinese dairy Yili Industrial Group [SHA:600887] soared over 7 percent this morning after it reported a 11.55 percent yearly net profit growth in the first three quarters yesterday, rising to CNY5.6 billion(USD795 million).

Its stock climbed 6.93 percent to CNY29 (USD4.11) at the half break to notch up a CNY177 billion market cap.

Hohot, Inner Mongolia-based Yili's total revenue rose 12.61 percent to CNY68.5 billion in the period. Its main rival Mengniu Dairy, which has yet to announce its third-quarter fiscal data, earned CNY2.1 billion in the first half with total revenue of CNY39.9 billion.

Editor: Ben Armour