In 2016, grew against the market trend, and sales of premium products increased by 80%.
In 2017, sales of premium infant formula increased by over 200%, and total revenue increased by more than 60%, ranking No.1 among domestic manufacturers.
On November 7, 2018, revenue of FIRMUS exceeded RMB10 billion, creating a milestone in China's baby formula industry.
On November 13, 2019, FIRMUS went public, becoming the dairy company with the largest IPO market value in the history of Hong Kong Stock Exchange.
On March 23, 2020, FIRMUS (06186 HK) released its 2019 performance report, revealing the company's annual revenue of RMB13.722 billion, up by 32.0% year on year, and net profit of RMB3.935 billion, up by 75.5% year on year. As China's industry leader in the infant formula market, FIRMUS performed well in 2019.