Milkground announced on October 8 that in the first three quarters of 2026, the company achieved total operating revenue of 4.866 billion yuan, up 22.97% year-on-year. Net profit attributable to the parent in the first three quarters was approximately 212 million yuan, up 20.37% year-on-year; net profit attributable to the parent after deducting non-recurring items was approximately 153 million yuan, up 28.15% year-on-year. The company said revenue growth was mainly driven by advancing its established strategy, improving organizational efficiency, refining its deep-processing system, and continuing to launch natural cheese series products, with both consumer-end and business-end operations maintaining high growth of over 20%. Profit growth came from economies of scale, a higher share of core cheese business, and cost reductions and significantly higher gross margins brought by improved supply chain efficiency and optimized operating strategies. In the first quarter of 2026, Milkground achieved revenue of 1.626 billion yuan and net profit attributable to the parent of 75.56 million yuan.
Shanghai Milkground Food Tech Co LtdMilkground reported Q1-Q3 2026 revenue up 22.97% and net profit attributable to parent up 20.37% year-on-year, with profit growth from economies of scale and higher gross margins.
