Guangming Dairy's revenue has declined for four consecutive years

This article was originally published by: Southern Rural News

Recently, Bright Dairy disclosed its annual report. In 2025, it recorded operating revenue of 23.9B yuan, down 1.58% year over year. Net profit attributable to shareholders turned from profit to loss: it posted a loss of 149 million yuan, down sharply by 120.67% year over year, compared with a profit of 722 million yuan in the same period last year.

Worth noting is that the main reason for Bright Dairy’s net loss in 2025 was pressure from its overseas subsidiary Newlett. According to the financial report, in 2025, Newlett achieved operating revenue of 7.65B yuan; it incurred a net profit loss of 407 million yuan. The main reasons for the loss during 2025 were that production issues occurred at its production facilities, resulting in large direct losses such as inventory write-offs and increased production cost and expense.

Against this backdrop, Bright Dairy has had to consider divesting this business. It is understood that Bright Dairy launched its Newlett North Island asset disposal plan in September 2025. The transaction price is 170 million USD (about 1.2 billion yuan), to be sold to an Abbott subsidiary, with delivery and settlement scheduled for April 2026.

It is understood that Bright Dairy’s revenues in 2022, 2023, and 2024 were 28.21B yuan, 26.49B yuan, and 24.28B yuan, respectively, declining by 3.39%, 6.13%, and 8.33%, respectively. This means Bright Dairy’s revenue has declined for four consecutive years.

In its financial report, Bright Dairy also stated that for the full year 2026, its operating plan is: to strive to achieve total operating revenue of 24.86B yuan; net profit attributable to shareholders of 313 million yuan; and a return on net assets attributable to shareholders greater than 3.44%.　　　　　　 □Wang Jingjuan