B

Bright Dairy and Food Co Ltd
SSE:600597

Watchlist Manager
Bright Dairy and Food Co Ltd
SSE:600597
Watchlist
Price: 8.15 CNY -0.24% Market Closed
Market Cap: 11.2B CNY
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
-16%
5Y
0%
10Y
+18%
Operating Income
+
3Y
-24%
5Y
-38%
10Y
-9%
Net Income
+
3Y
+34%
5Y
+44%
10Y
+67%

Earnings Waterfall
Bright Dairy and Food Co Ltd

Revenue
24.1B CNY
Cost of Revenue
-19.8B CNY
Gross Profit
4.2B CNY
Operating Expenses
-3.6B CNY
Operating Income
666.8m CNY
Other Expenses
26.1m CNY
Net Income
692.9m CNY

Income Statement
Bright Dairy and Food Co Ltd

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Income Statement
Currency: CNY
Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
13
0
0
0
14
0
0
0
10
0
0
0
12
0
0
0
19
0
0
0
27
0
0
0
24
0
0
0
23
0
0
0
58
0
0
0
71
0
0
0
67
0
0
0
91
0
0
0
201
0
0
0
314
0
0
10
261
0
0
0
227
0
0
0
148
0
0
0
104
0
0
0
110
0
0
0
160
0
0
0
204
0
0
158
222
0
0
0
Revenue
5 981
N/A
6 169
+3%
6 373
+3%
6 590
+3%
6 786
+3%
6 881
+1%
7 008
+2%
6 972
-1%
6 904
-1%
6 963
+1%
7 033
+1%
7 235
+3%
7 443
+3%
7 634
+3%
7 804
+2%
8 111
+4%
8 206
+1%
8 205
0%
8 096
-1%
7 836
-3%
7 359
-6%
7 326
0%
7 363
+1%
7 542
+2%
7 943
+5%
8 225
+4%
8 419
+2%
8 676
+3%
9 572
+10%
10 062
+5%
10 792
+7%
11 420
+6%
11 789
+3%
12 209
+4%
12 703
+4%
13 023
+3%
13 775
+6%
14 161
+3%
14 757
+4%
15 572
+6%
16 291
+5%
17 490
+7%
18 720
+7%
19 912
+6%
20 650
+4%
21 107
+2%
18 339
-13%
20 455
+12%
19 373
-5%
19 293
0%
22 082
+14%
19 720
-11%
20 207
+2%
20 579
+2%
20 860
+1%
21 248
+2%
22 023
+4%
21 824
-1%
21 843
+0%
21 347
-2%
20 986
-2%
21 270
+1%
21 333
+0%
22 292
+4%
22 563
+1%
22 245
-1%
23 619
+6%
24 151
+2%
25 223
+4%
27 074
+7%
27 341
+1%
28 555
+4%
29 206
+2%
29 467
+1%
29 352
0%
28 534
-3%
28 215
-1%
28 040
-1%
27 943
0%
27 494
-2%
26 485
-4%
25 831
-2%
25 060
-3%
24 234
-3%
24 278
+0%
24 229
0%
24 036
-1%
24 096
+0%
Gross Profit
Cost of Revenue
(4 035)
(4 177)
(4 309)
(4 510)
(4 612)
(4 655)
(4 757)
(4 735)
(4 770)
(4 802)
(4 847)
(4 955)
(5 079)
(5 207)
(5 325)
(5 523)
(5 630)
(5 698)
(5 595)
(5 389)
(4 978)
(4 802)
(4 746)
(4 804)
(4 987)
(5 217)
(5 386)
(5 591)
(6 313)
(6 649)
(7 216)
(7 663)
(7 909)
(8 178)
(8 404)
(8 555)
(8 934)
(9 275)
(9 589)
(10 153)
(10 634)
(11 509)
(12 411)
(13 266)
(13 684)
(13 967)
(11 935)
(13 346)
(12 386)
(12 021)
(13 713)
(11 841)
(12 425)
(13 034)
(13 632)
(14 188)
(14 701)
(14 713)
(14 798)
(14 456)
(14 037)
(14 385)
(14 397)
(15 194)
(15 553)
(15 350)
(16 546)
(17 225)
(18 736)
(20 759)
(21 204)
(22 516)
(23 938)
(24 349)
(24 798)
(24 434)
(23 073)
(22 890)
(22 678)
(22 404)
(21 343)
(20 871)
(20 268)
(19 426)
(19 670)
(19 726)
(19 633)
(19 850)
Gross Profit
1 946
N/A
1 992
+2%
2 065
+4%
2 080
+1%
2 173
+4%
2 225
+2%
2 251
+1%
2 238
-1%
2 134
-5%
2 162
+1%
2 186
+1%
2 281
+4%
2 364
+4%
2 428
+3%
2 480
+2%
2 589
+4%
2 576
0%
2 507
-3%
2 502
0%
2 447
-2%
2 381
-3%
2 524
+6%
2 617
+4%
2 738
+5%
2 956
+8%
3 008
+2%
3 033
+1%
3 084
+2%
3 259
+6%
3 413
+5%
3 576
+5%
3 757
+5%
3 880
+3%
4 031
+4%
4 300
+7%
4 469
+4%
4 841
+8%
4 886
+1%
5 168
+6%
5 420
+5%
5 657
+4%
5 981
+6%
6 309
+5%
6 647
+5%
6 967
+5%
7 140
+2%
6 404
-10%
7 109
+11%
6 987
-2%
7 271
+4%
8 369
+15%
7 879
-6%
7 781
-1%
7 545
-3%
7 229
-4%
7 059
-2%
7 321
+4%
7 111
-3%
7 045
-1%
6 890
-2%
6 948
+1%
6 885
-1%
6 935
+1%
7 098
+2%
7 010
-1%
6 895
-2%
7 073
+3%
6 926
-2%
6 486
-6%
6 316
-3%
6 137
-3%
6 039
-2%
5 268
-13%
5 118
-3%
4 554
-11%
4 100
-10%
5 142
+25%
5 150
+0%
5 265
+2%
5 090
-3%
5 143
+1%
4 961
-4%
4 792
-3%
4 808
+0%
4 608
-4%
4 503
-2%
4 404
-2%
4 246
-4%
Operating Income
Operating Expenses
(1 546)
(1 583)
(1 645)
(1 657)
(1 773)
(1 825)
(1 892)
(1 948)
(1 882)
(1 939)
(1 990)
(2 073)
(2 142)
(2 204)
(2 343)
(2 471)
(2 733)
(2 732)
(2 682)
(3 006)
(2 861)
(2 962)
(3 000)
(2 712)
(2 790)
(2 827)
(2 897)
(2 934)
(3 033)
(3 177)
(3 350)
(3 532)
(3 648)
(3 762)
(3 997)
(4 145)
(4 380)
(4 460)
(4 638)
(4 814)
(4 989)
(5 256)
(5 577)
(5 942)
(6 173)
(6 314)
(5 796)
(6 374)
(6 193)
(6 389)
(7 177)
(6 703)
(6 523)
(6 229)
(5 851)
(5 641)
(6 035)
(5 765)
(5 629)
(5 715)
(5 784)
(5 757)
(5 785)
(5 897)
(5 647)
(5 822)
(5 935)
(5 843)
(5 203)
(5 144)
(5 259)
(5 168)
(4 584)
(4 274)
(3 580)
(3 219)
(4 431)
(4 380)
(4 533)
(4 473)
(4 254)
(4 385)
(4 263)
(4 586)
(4 005)
(4 097)
(4 042)
(3 579)
Selling, General & Administrative
(1 613)
(1 662)
(1 729)
(1 737)
(1 857)
(1 913)
(1 978)
(2 045)
(1 982)
(2 018)
(2 051)
(2 104)
(2 122)
(2 183)
(2 319)
(2 446)
(2 671)
(2 672)
(2 614)
(2 798)
(2 781)
(2 882)
(2 926)
(2 781)
(2 747)
(2 783)
(2 852)
(2 880)
(3 007)
(3 156)
(3 328)
(3 517)
(3 601)
(3 720)
(3 954)
(4 103)
(4 255)
(4 381)
(4 558)
(4 722)
(4 846)
(5 227)
(5 534)
(5 860)
(6 025)
(6 176)
(5 690)
(6 334)
(6 041)
(6 253)
(7 022)
(6 504)
(6 332)
(6 186)
(5 820)
(5 630)
(5 922)
(5 818)
(5 663)
(5 668)
(5 711)
(5 585)
(5 643)
(5 737)
(5 559)
(5 750)
(5 861)
(5 800)
(5 154)
(5 112)
(5 187)
(5 064)
(4 362)
(4 185)
(3 512)
(3 124)
(4 208)
(4 198)
(4 362)
(4 344)
(3 938)
(3 958)
(3 811)
(3 835)
(3 780)
(3 748)
(3 682)
(3 530)
Research & Development
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(36)
0
0
0
(45)
0
0
0
(46)
0
0
0
(44)
0
0
0
(47)
0
0
(12)
(50)
(40)
(55)
(60)
(59)
(62)
(60)
(62)
(62)
(74)
(79)
(89)
(65)
(74)
(77)
(74)
(80)
(84)
(78)
(79)
(71)
(88)
(91)
(86)
(75)
(86)
(91)
(111)
(127)
(144)
(155)
(153)
Depreciation & Amortization
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(78)
0
0
0
(84)
0
0
0
(91)
0
0
0
(96)
0
0
0
(141)
0
0
0
(122)
0
0
0
(113)
0
0
0
(97)
0
0
0
(170)
0
0
0
(170)
0
0
0
(191)
0
0
0
(226)
0
0
0
(182)
0
0
0
Other Operating Expenses
68
79
84
81
85
88
86
97
99
79
60
31
(20)
(22)
(24)
(25)
(63)
(60)
(69)
(208)
(81)
(80)
(74)
69
(43)
(44)
(45)
(53)
(26)
(21)
(22)
(15)
(46)
(42)
(43)
(42)
(12)
(78)
(79)
(92)
(15)
(29)
(43)
(81)
(11)
(137)
(107)
(40)
(11)
(136)
(155)
(199)
(4)
(41)
(30)
0
58
93
89
14
100
(110)
(82)
(98)
73
1
5
47
185
42
5
(30)
28
(5)
10
(16)
39
(94)
(80)
(43)
(15)
(340)
(361)
(641)
84
(205)
(205)
104
Operating Income
400
N/A
409
+2%
419
+3%
423
+1%
401
-5%
401
0%
358
-11%
289
-19%
252
-13%
222
-12%
196
-12%
208
+6%
222
+7%
223
+0%
137
-39%
118
-14%
(157)
N/A
(225)
-44%
(180)
+20%
(559)
-210%
(481)
+14%
(438)
+9%
(383)
+13%
26
N/A
166
+531%
182
+9%
136
-25%
151
+11%
226
+50%
235
+4%
226
-4%
225
0%
232
+3%
269
+16%
303
+13%
324
+7%
461
+43%
427
-7%
530
+24%
606
+14%
668
+10%
725
+9%
732
+1%
704
-4%
793
+13%
826
+4%
608
-26%
735
+21%
794
+8%
882
+11%
1 192
+35%
1 176
-1%
1 258
+7%
1 316
+5%
1 377
+5%
1 418
+3%
1 287
-9%
1 346
+5%
1 417
+5%
1 176
-17%
1 165
-1%
1 128
-3%
1 151
+2%
1 201
+4%
1 363
+14%
1 073
-21%
1 138
+6%
1 083
-5%
1 283
+18%
1 172
-9%
878
-25%
871
-1%
684
-22%
843
+23%
974
+16%
881
-10%
711
-19%
770
+8%
732
-5%
618
-16%
888
+44%
576
-35%
529
-8%
221
-58%
603
+172%
407
-33%
361
-11%
667
+84%
Pre-Tax Income
Interest Income Expense
(14)
(11)
(17)
(17)
(13)
(18)
(12)
(11)
(7)
(5)
(7)
(7)
2
6
13
16
196
187
178
177
(7)
(8)
(13)
(19)
(14)
(14)
(6)
(3)
(17)
(30)
(38)
(36)
(32)
(51)
(59)
(74)
(57)
(64)
(59)
(56)
(23)
(24)
(22)
(41)
(92)
(104)
(64)
(119)
(119)
(141)
(196)
(165)
(273)
(288)
(310)
(272)
(224)
(212)
(236)
(254)
(182)
(205)
(154)
(145)
(94)
(109)
(120)
(119)
(71)
(81)
(68)
(75)
(90)
(129)
(154)
(166)
(146)
(195)
(208)
(220)
(160)
(237)
(242)
(253)
(301)
(358)
(344)
(327)
Non-Reccuring Items
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(53)
0
0
0
(19)
0
(1)
0
(12)
0
0
0
(44)
0
0
0
(11)
0
0
(2)
41
0
0
68
(104)
2
9
12
(134)
12
6
1
(34)
11
10
18
67
60
60
66
51
32
32
18
164
447
448
448
423
730
729
729
Gain/Loss on Disposition of Assets
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(5)
0
0
0
(1)
0
0
0
(19)
0
0
0
(2)
0
0
0
(7)
0
0
0
9
0
0
0
5
0
1
0
(14)
0
0
0
4
(15)
(32)
(57)
(70)
0
(52)
0
(126)
0
0
0
(81)
0
0
0
(2)
0
0
0
5
0
0
0
3
0
0
0
(40)
0
0
0
(249)
0
0
0
(592)
0
0
0
Total Other Income
5
0
(1)
(2)
(6)
(6)
(7)
(1)
(8)
(8)
(4)
(8)
6
5
87
94
239
403
323
320
169
2
(4)
20
57
37
51
27
35
35
27
43
47
43
43
46
59
63
70
68
78
79
78
78
43
27
46
32
70
34
15
47
112
34
69
(20)
28
(99)
(95)
(86)
(5)
(113)
(129)
(129)
(59)
(26)
(16)
(11)
(26)
(28)
11
37
36
34
20
11
(78)
(38)
(27)
(31)
174
(108)
(198)
(237)
309
(305)
(270)
(280)
Pre-Tax Income
391
N/A
398
+2%
402
+1%
404
+1%
382
-5%
377
-1%
339
-10%
277
-18%
237
-15%
209
-12%
185
-12%
193
+5%
231
+20%
234
+1%
237
+1%
227
-4%
273
+20%
364
+33%
321
-12%
(62)
N/A
(320)
-416%
(445)
-39%
(400)
+10%
27
N/A
190
+593%
205
+8%
181
-12%
175
-3%
241
+37%
240
0%
215
-11%
233
+8%
240
+3%
261
+9%
287
+10%
295
+3%
419
+42%
425
+2%
541
+27%
619
+14%
708
+14%
781
+10%
787
+1%
742
-6%
717
-3%
750
+5%
590
-21%
647
+10%
705
+9%
761
+8%
980
+29%
1 001
+2%
1 017
+2%
1 062
+4%
1 084
+2%
1 124
+4%
1 005
-11%
1 035
+3%
1 085
+5%
904
-17%
792
-12%
812
+2%
877
+8%
939
+7%
1 074
+14%
951
-11%
1 008
+6%
954
-5%
1 157
+21%
1 074
-7%
830
-23%
851
+3%
700
-18%
809
+16%
901
+11%
792
-12%
498
-37%
569
+14%
529
-7%
384
-27%
816
+112%
678
-17%
537
-21%
179
-67%
442
+147%
473
+7%
476
+1%
789
+66%
Net Income
Tax Provision
(109)
(107)
(91)
(82)
(46)
(34)
(14)
2
(33)
(37)
(34)
(50)
(63)
(64)
(68)
(61)
(72)
(89)
(76)
(5)
52
67
31
(56)
(61)
(55)
(29)
(18)
(13)
(6)
22
23
30
19
10
17
(84)
(90)
(151)
(184)
(234)
(250)
(228)
(156)
(132)
(144)
(73)
(178)
(209)
(225)
(333)
(303)
(342)
(334)
(302)
(330)
(186)
(211)
(234)
(178)
(266)
(274)
(299)
(326)
(391)
(347)
(350)
(293)
(372)
(353)
(311)
(308)
(133)
(141)
(179)
(177)
(107)
(126)
(93)
(80)
14
62
102
166
40
11
9
(72)
Income from Continuing Operations
282
291
310
322
336
343
325
279
204
172
151
143
167
170
170
166
201
276
246
(67)
(268)
(378)
(369)
(28)
128
150
152
157
228
234
237
255
271
281
297
312
335
335
390
435
475
531
559
586
586
606
516
469
496
536
646
698
675
728
782
793
819
824
851
726
527
538
577
613
682
604
658
661
785
720
519
543
567
668
722
615
391
444
435
305
831
741
640
345
482
485
485
717
Income to Minority Interest
0
(2)
(6)
0
(18)
(17)
(3)
(2)
7
9
3
3
(7)
(6)
(2)
(2)
12
11
6
9
(18)
(15)
(13)
(12)
(6)
(11)
(14)
(19)
(33)
(39)
(30)
(33)
(33)
(37)
(36)
(12)
(24)
(7)
(28)
(38)
(68)
(104)
(92)
(81)
(15)
(10)
19
(54)
(78)
(96)
(162)
(105)
(112)
(96)
(93)
(127)
(199)
(256)
(257)
(236)
(185)
(191)
(208)
(226)
(184)
(170)
(218)
(181)
(178)
(91)
41
84
25
(9)
(109)
(98)
(30)
(61)
(18)
9
137
212
270
416
240
206
174
(24)
Net Income (Common)
282
N/A
289
+3%
304
+5%
322
+6%
318
-1%
326
+2%
322
-1%
277
-14%
211
-24%
181
-14%
154
-15%
146
-5%
161
+11%
165
+2%
168
+2%
165
-2%
213
+29%
287
+35%
252
-12%
(58)
N/A
(286)
-390%
(393)
-37%
(381)
+3%
(40)
+90%
122
N/A
139
+14%
138
-1%
139
+0%
194
+40%
196
+1%
207
+6%
222
+8%
238
+7%
243
+2%
261
+7%
300
+15%
311
+4%
328
+6%
363
+10%
397
+9%
406
+2%
427
+5%
468
+9%
505
+8%
570
+13%
596
+5%
535
-10%
415
-22%
418
+1%
440
+5%
485
+10%
593
+22%
563
-5%
632
+12%
689
+9%
667
-3%
620
-7%
569
-8%
594
+4%
490
-17%
342
-30%
347
+2%
369
+6%
387
+5%
498
+29%
434
-13%
439
+1%
480
+9%
608
+27%
630
+4%
560
-11%
627
+12%
592
-6%
659
+11%
613
-7%
517
-16%
361
-30%
382
+6%
417
+9%
314
-25%
967
+208%
952
-2%
910
-4%
761
-16%
722
-5%
691
-4%
659
-5%
693
+5%
EPS (Diluted)
0.27
N/A
0.28
+4%
0.29
+4%
0.31
+7%
0.31
N/A
0.31
N/A
0.31
N/A
0.27
-13%
0.2
-26%
0.18
-10%
0.15
-17%
0.14
-7%
0.15
+7%
0.15
N/A
0.16
+7%
0.16
N/A
0.2
+25%
0.28
+40%
0.24
-14%
-0.06
N/A
-0.27
-350%
-0.38
-41%
-0.36
+5%
-0.03
+92%
0.12
N/A
0.14
+17%
0.13
-7%
0.13
N/A
0.19
+46%
0.19
N/A
0.2
+5%
0.21
+5%
0.23
+10%
0.22
-4%
0.24
+9%
0.27
+13%
0.28
+4%
0.28
N/A
0.3
+7%
0.32
+7%
0.33
+3%
0.35
+6%
0.38
+9%
0.41
+8%
0.46
+12%
0.48
+4%
0.43
-10%
0.33
-23%
0.34
+3%
0.36
+6%
0.4
+11%
0.53
+33%
0.46
-13%
0.53
+15%
0.58
+9%
0.54
-7%
0.5
-7%
0.46
-8%
0.48
+4%
0.4
-17%
0.28
-30%
0.29
+4%
0.3
+3%
0.31
+3%
0.41
+32%
0.35
-15%
0.36
+3%
0.4
+11%
0.5
+25%
0.52
+4%
0.46
-12%
0.51
+11%
0.48
-6%
0.47
-2%
0.44
-6%
0.39
-11%
0.26
-33%
0.28
+8%
0.3
+7%
0.23
-23%
0.7
+204%
0.69
-1%
0.65
-6%
0.55
-15%
0.52
-5%
0.5
-4%
0.5
N/A
0.51
+2%

See Also

Summary
Intrinsic value, competitors valuation, and company profile.
DCF Valuation
Stock valuation using Discount Cash Flow valuation method.
Relative Valuation
Stock valuation using valuation multiples.
Wall Street Estimates
Price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
Stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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