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T

Toly Bread Co 603866.SS · CNY

Consumer Staples · Shanghai · 🇨🇳 China

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4.17

-1.18%

Close of 9 Nov 2026, in CNY

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in CNY, from our data supplier.

FY2025

Revenue

CN¥5.45bn

FY2016FY2025

Net income

CN¥283.9m

FY2016FY2025

Free cash flow

CN¥428.4m

FY2016FY2025

Shareholders' equity

CN¥5.21bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueCN¥5.45bnCN¥6.09bnCN¥6.76bnCN¥6.69bnCN¥6.34bnCN¥5.96bnCN¥5.64bnCN¥4.83bnCN¥4.08bnCN¥3.31bn
Gross profitCN¥1.23bnCN¥1.42bnCN¥1.54bnCN¥1.60bnCN¥1.67bnCN¥1.79bnCN¥2.23bnCN¥1.92bnCN¥1.54bnCN¥1.19bn
Research and developmentCN¥26.3mCN¥23.0mCN¥33.7mCN¥31.6mCN¥20.6mCN¥11.3mCN¥8.8mCN¥5.7mCN¥5.1mCN¥3.7m
Operating incomeCN¥519.9mCN¥700.2mCN¥738.8mCN¥815.3mCN¥909.2mCN¥1.08bnCN¥827.0mCN¥824.1mCN¥652.4mCN¥536.9m
Net incomeCN¥283.9mCN¥522.1mCN¥574.0mCN¥639.9mCN¥763.3mCN¥882.8mCN¥683.4mCN¥642.2mCN¥513.3mCN¥435.5m
Diluted earnings per share0.180.330.360.400.480.560.440.410.350.30

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsCN¥7.23bnCN¥7.07bnCN¥7.05bnCN¥6.62bnCN¥6.02bnCN¥5.69bnCN¥5.19bnCN¥3.91bnCN¥3.53bnCN¥2.37bn
Cash and short-term investments—CN¥242.9mCN¥204.2mCN¥580.3mCN¥889.7mCN¥1.69bnCN¥1.35bnCN¥1.42bnCN¥1.36bnCN¥453.3m
Total liabilitiesCN¥2.02bnCN¥1.94bnCN¥1.96bnCN¥1.60bnCN¥1.08bnCN¥852.3mCN¥1.44bnCN¥489.1mCN¥370.7mCN¥308.8m
DebtCN¥704.8mCN¥747.2mCN¥1.15bnCN¥669.9mCN¥294.0mCN¥205.3mCN¥842.3m———
Shareholders' equityCN¥5.21bnCN¥5.13bnCN¥5.09bnCN¥5.03bnCN¥4.94bnCN¥4.83bnCN¥3.74bnCN¥3.42bnCN¥3.16bnCN¥2.06bn
Shares outstanding1,600m1,600m1,597m1,597m1,600m1,589m1,549m1,550m1,484m1,467m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsCN¥764.1mCN¥997.8mCN¥810.6mCN¥1.07bnCN¥1.01bnCN¥1.10bnCN¥887.8mCN¥803.2mCN¥653.1mCN¥519.5m
Capital spending−CN¥335.8m−CN¥656.6m−CN¥861.3m−CN¥899.9m−CN¥1.12bn−CN¥892.9m−CN¥893.1m−CN¥395.9m−CN¥396.7m−CN¥436.3m
Free cash flowCN¥428.4mCN¥341.2m−CN¥50.7mCN¥166.4m−CN¥103.4mCN¥208.5m−CN¥5.3mCN¥407.4mCN¥256.5mCN¥83.2m
Dividends paid−CN¥240.4m−CN¥515.1m−CN¥533.2m−CN¥571.3m−CN¥680.2m−CN¥657.7m−CN¥470.6m−CN¥376.5m−CN¥135.0m−CN¥249.5m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueCN¥1.39bnCN¥1.17bnCN¥1.40bnCN¥1.44bnCN¥1.41bnCN¥1.20bnCN¥1.44bnCN¥1.63bn
Gross profitCN¥308.9mCN¥245.0mCN¥294.4mCN¥332.7mCN¥336.1mCN¥264.0mCN¥317.0mCN¥377.0m
Operating incomeCN¥135.8mCN¥84.0mCN¥97.2mCN¥145.4mCN¥159.8mCN¥114.2mCN¥124.5mCN¥200.0m
Net incomeCN¥93.4mCN¥51.8m−CN¥14.2mCN¥94.2mCN¥119.8mCN¥84.0mCN¥87.0mCN¥145.1m
Diluted earnings per share0.060.03-0.010.060.070.050.050.09
Cash from operations———CN¥226.0mCN¥239.0mCN¥194.0m—CN¥248.0m
Capital spending−CN¥60.0m−CN¥86.0m−CN¥42.0m−CN¥65.0m−CN¥120.0m−CN¥107.0m−CN¥231.0m−CN¥119.0m
Free cash flow———CN¥161.0mCN¥119.0mCN¥87.0m—CN¥129.0m
Total assetsCN¥7.07bnCN¥7.30bnCN¥7.23bnCN¥7.31bnCN¥7.07bnCN¥7.25bnCN¥7.07bnCN¥7.17bn
Cash and short-term investments———CN¥453.3mCN¥190.6mCN¥437.1mCN¥242.9mCN¥247.3m
DebtCN¥505.5mCN¥522.8mCN¥704.8mCN¥498.2mCN¥764.1mCN¥735.2mCN¥729.1mCN¥627.2m
Shareholders' equityCN¥5.03bnCN¥5.26bnCN¥5.21bnCN¥5.22bnCN¥5.13bnCN¥5.22bnCN¥5.13bnCN¥5.05bn

Financial ratios

Data as of 9 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin22.5%23.4%22.8%24.0%26.3%30.0%
Operating margin9.8%11.5%10.9%12.2%14.4%18.1%
Net margin5.2%8.6%8.5%9.6%12.0%14.8%
Return on equity5.4%10.2%11.3%12.7%15.5%18.3%
Return on assets3.9%7.4%8.1%9.7%12.7%15.5%
Free cash flow yield15.6%23.5%23.8%28.0%30.3%28.5%
Revenue growth-10.5%-9.9%1.1%5.5%6.2%5.7%
Earnings growth-45.6%-9.1%-10.3%-16.2%-13.5%29.2%
Current ratio0.71x0.75x0.77x1.40x1.70x2.85x
Debt to equity0.14x0.14x0.22x0.12x0.04x0.06x
Equity ratio72.0%72.5%72.2%75.9%82.0%85.0%
Interest coverage17.79x19.64x25.03x61.26x82.55x34.14x
R&D as a share of sales0.5%0.4%0.5%0.5%0.3%0.2%
Buybacks as a share of market value0.0%-0.1%-0.0%0.2%-0.7%-2.6%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-6.6%-1.8%7.8%
Operating income-13.9%-13.6%1.7%
Net income-23.7%-20.3%-2.0%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin23.0%23.2%24.8%29.5%
Operating margin10.6%11.1%12.8%13.9%
Net margin7.0%8.1%9.8%10.9%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings29.620.221.332.035.445.240.933.134.244.9
Price to sales1.51.71.83.14.36.75.04.44.35.9

Dividends and splits

Per share, in the currency the company pays

Paid for 10 years. Last went ex-dividend on 3 Jun 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year0.200.130.300.400.500.4250.4250.304
  • 6-for-5 split · 27 Apr 2023
  • 7-for-5 split · 22 Apr 2022
  • 7-for-5 split · 11 May 2021
  • 7-for-5 split · 25 Apr 2019

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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