Shanghai Milkground Food Tech Co Ltd

After market close on October 8, Milkground released its preliminary results for the first three quarters of 2026. Total operating revenue reached 4.866 billion yuan, up 22.97% year on year. Net profit attributable to the parent company was 212 million yuan, up 20.37% year on year. Operating profit was 279 million yuan, up 18.61% year on year. Total profit was 284 million yuan, up 18.85% year on year. Net profit excluding non-recurring items was 153 million yuan, up 28.15% year on year. Basic earnings per share were 0.422 yuan, up 20.57% year on year. The weighted average return on equity was 4.53%, an increase of 0.63 percentage points from the same period last year. The company said revenue growth was mainly driven by resolute implementation of its established strategy, improvement of its deep-processing system, and continued launch of original cheese product lines, with both consumer-end and business-end revenue growing more than 20% year on year. Net profit growth came mainly from economies of scale, a higher share of core cheese business, and lower costs from improved supply chain efficiency. As of the end of the reporting period, the company's total assets were about 9.08 billion yuan, up 7.35% year on year. Equity attributable to the parent company was 4.798 billion yuan, up 5.18% year on year. Net assets per share were 9.56 yuan. The company noted that this preliminary results announcement is based on initial calculations by the finance department and has not been audited by an audit institution. Specific figures are subject to the periodic report disclosure.

Milkground released its 2026 interim report, with operating revenue of 3.304 billion yuan, up 28.71 percent year on year, and net profit attributable to the parent of 151 million yuan, up 13.74 percent, along with a high-ratio cash dividend plan. Cheese business revenue reached 2.887 billion yuan, up 28.95 percent year on year, raising its share of main business revenue to 88.06 percent and contributing 97.78 percent of main business gross profit. The company plans to distribute a cash dividend of 0.20 yuan per share before tax to all shareholders, totaling about 102 million yuan, accounting for 67.24 percent of current net profit attributable to the parent. Net cash flow from operating activities was 300 million yuan, up 27.38 percent year on year. Former director Chai Xiu raised objections to some content in the semi-annual report, but the company said this does not affect the overall authenticity of the report.

Domestic cheese leader Milkground released its first-half 2026 financial report, achieving growth in both revenue and net profit and launching its first major dividend. During the reporting period, the company achieved operating revenue of 3.304 billion yuan, up 28.71 percent year on year. Net profit attributable to shareholders of the listed company was 151 million yuan, up 13.74 percent year on year. The company returned 67.24 percent of its first-half profit to shareholders, with total dividends exceeding 100 million yuan. Cheese business revenue reached 2.887 billion yuan, up 28.95 percent year on year, and its share of main business revenue rose to 88.06 percent. The company's products have been successfully exported to Hong Kong, Thailand, Singapore and other places, with a focus on core markets in Southeast Asia and the Middle East.

A total of 11 stocks received buy ratings from institutions today, with Milkground drawing the most attention, securing two buy rating records. According to statistics from Data Treasure of Securities Times, institutions published a total of 12 buy rating records today, covering 11 stocks. In terms of rating changes, five rating records were first-time coverage by institutions, involving five stocks including BTG Hotels and Sichuan Road and Bridge Group. In market performance, stocks with institutional buy ratings rose by an average of 1.59% today, with five stocks posting gains. CVTE shares hit the daily limit up, while Zhongfu Circuit, ZhongSheng Pharmaceutical, and Giant Network led the gains, rising 10.18%, 3.39%, and 1.14% respectively. BTG Hotels, Sichuan Road and Bridge Group, and Xingtong Shipping saw relatively large declines, falling 2.86%, 2.63%, and 1.42% respectively. In terms of earnings, among the four stocks that disclosed first-half performance forecasts, CVTE is expected to see net profit grow 289.77% year-on-year, the highest increase. Giant Network and Silver Age Technology are expected to see median net profit growth of 170.25% and 88.50% respectively.