Milkground (600882) disclosed its performance report for the first three quarters of 2026: revenue was RMB 4.866 billion, up 22.97% year over year; net profit attributable to the parent was RMB 212 million, up 20.37%; and net profit excluding non-recurring items was RMB 153 million, up 28.15%. The stock hit the daily price limit on the first trading day after the disclosure.
Quarterly revenue declined sequentially, with Q3 down 6.93% from Q2. Advertising and promotional expenses rose to 11.15% of revenue, while gross margin edged down. The company incurred losses on its investment in Xiangmin Fund and recognized losses of approximately RMB 119 million in 2025.
Management changes have been frequent, and former general manager Chai Xiu has resigned. The company once proposed changing the performance assessment basis for its stock option incentive plan from cumulative to annual, but later withdrew the proposal and reverted to the original terms. Under the original terms, Q4 revenue of RMB 1.601 billion and net profit of RMB 200 million are required to meet the annual targets.
#妙可蓝多 #业绩快报 #Dairy
Quarterly revenue declined sequentially, with Q3 down 6.93% from Q2. Advertising and promotional expenses rose to 11.15% of revenue, while gross margin edged down. The company incurred losses on its investment in Xiangmin Fund and recognized losses of approximately RMB 119 million in 2025.
Management changes have been frequent, and former general manager Chai Xiu has resigned. The company once proposed changing the performance assessment basis for its stock option incentive plan from cumulative to annual, but later withdrew the proposal and reverted to the original terms. Under the original terms, Q4 revenue of RMB 1.601 billion and net profit of RMB 200 million are required to meet the annual targets.
#妙可蓝多 #业绩快报 #Dairy