Milkground forecasts strong profit growth for first half 2025

Shanghai Milkground Food Tech projects net profit of 12-14.5 billion yuan for the first half of 2025, marking a 56%-89% increase year-on-year.

The growth is attributed to increased cheese product revenue, lower raw material costs, improved gross margins, and reduced selling expenses. The company also anticipates non-recurring profit of 9-11.5 billion yuan.