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.
Shanghai Milkground Food Tech Co LtdPreliminary first-three-quarter results show revenue up 22.97% and net profit up 20.37% year on year.
