Panda Dairy released its 2026 interim report, showing first-half net profit attributable to the parent of 35.66 million yuan, down 13.7% year on year. Operating revenue was 409 million yuan, up 16.0% year on year. Net profit attributable to the parent after deducting non-recurring items was 28.73 million yuan, down 13.2% year on year. Net operating cash flow was 6.15 million yuan, up 122.9% year on year. Second-quarter net profit attributable to the parent was 18.77 million yuan, down 32.3% year on year. The company said that as a leader in the condensed milk segment, it will benefit in the future from growing demand for deeply processed dairy products in emerging consumption scenarios such as catering, new-style tea drinks and prepared dishes, while domestic substitution of cream and growth in the cheese market also bring development opportunities.
Panda Dairy CorpFirst-half net profit attributable to parent fell 13.7% year on year to 35.66 million yuan.
