Chinese Bread Brand Toly Bread Achieves a Total Revenue of CNY 6.69 Bn in 2022, Up 5.54% YoY
Toly Bread Co., Ltd. (Chinese: 桃李面包, SH: 603866) revealed its 2022 annual results flash announcement on January 11. The report shows that the company's total revenue in 2022 was CNY 6.69 billion, up 5.54% year-on-year; net profit attributable to shareholders of the listed company was CNY 648 million, down 15.11% year-on-year; net profit attributable to shareholders of the listed company after non-recurring gains and losses was CNY 639 million, down 10.75% year-on-year.
Toly Bread said that the main reasons for the decline in net profit last year included the increase in costs and expenses, such as terminal distribution services during the reporting period, and the increase in prices of some raw materials led to a year-on-year decrease in gross profit margin for the period.
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