Milkground released its preliminary results for the first three quarters of 2026, reporting total operating revenue of 4.866 billion yuan, up 22.97% year on year, and net profit attributable to shareholders of the listed company of 212 million yuan, up 20.37% year on year. The company said the profit growth was mainly driven by continued execution of its established strategy, ongoing launches of natural cheese product lines, high growth in both consumer and business segments, a higher share of core cheese business, and supply chain efficiency improvements that pushed costs down. On a quarterly basis, net profit was 61 million yuan in the third quarter and 76 million yuan in the second quarter, implying a quarter-on-quarter decline of 19% in the third quarter.
Shanghai Milkground Food Tech Co LtdPreliminary first-three-quarters results show revenue up 22.97% and net profit up 20.37% year on year.
