---
title: "Toly Bread (603866.SH) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/603866.SH/norm.md"
symbol: "603866.SH"
name: "Toly Bread"
parent: "https://longbridge.com/en/quote/603866.SH.md"
datetime: "2026-05-21T21:41:51.682Z"
locales:
  - [en](https://longbridge.com/en/quote/603866.SH/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/603866.SH/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/603866.SH/norm.md)
---

# Toly Bread (603866.SH) — Financial Reports

## Income Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| EPS | 0.0324 | -0.0089 | 0.0589 | 0.0749 | 0.0525 |
| ROE | 3.96% | -1.09% | 7.28% | 9.26% | 6.50% |
| Revenue | 1.17B | 1.40B | 1.44B | 1.41B | 1.20B |
| Net income | 51.84M | -14.22M | 94.25M | 119.79M | 84.04M |
| Operating income | 84.11M | 90.70M | 149.84M | 159.75M | 114.24M |
| Gross margin | 20.95% | 21.04% | 23.15% | 23.83% | 21.97% |
| Net margin | 4.43% | -1.02% | 6.56% | 8.49% | 7.00% |
| Profit quality | 67.64% | 83.13% | 67.73% | 66.76% | 58.73% |

## Balance Sheet (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| A&L | 7.30B | 7.23B | 7.31B | 7.07B | 7.25B |
| Leverage | 1.39 | 1.39 | 1.40 | 1.38 | 1.39 |
| BVPS | 3.29 | 3.26 | 3.26 | 3.21 | 3.26 |
| Turnover | 0.7442 | 0.7618 | 0.7580 | 0.8038 | 0.8189 |
| Cash & STI | 438.21M | 351.64M | 453.27M | 395.45M | 610.68M |
| Inv & Rec | 143.76M | 138.30M | 180.41M | 132.94M | 136.50M |
| LT assets | 5.28B | 5.28B | 5.25B | 5.22B | 5.13B |
| Net debt | 783.33M | 822.55M | 712.94M | 724.64M | 619.75M |

## Cash Flow Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | 124.35M | 109.10M | 221.24M | 239.28M | 194.51M |
| Investing CF | -120.51M | -155.97M | -186.50M | -101.18M | -106.31M |
| Financing CF | 46.25M | -13.66M | -1.46M | -330.86M | 105.72M |
| Free CF | -56.78M | 296.64M | -80.05M | 163.74M | -32.40M |
| OCF coverage | 41.16% | 48.37% | 102.78% | 49.03% | 49.02% |
| Repaid & issued | 264.82M | 154.44M | 160.43M | 32.81M | 398.95M |
| CapEx | -86.65M | -42.36M | -65.37M | -120.82M | -107.21M |

## Distribution Plan

**Dividend Yield**: 4.15

### Dividend History

| Description | Record Date | Ex-Date | Payment Date |
|-------------|-------------|---------|--------------|
| Cash Dividend: 
0.13CNY | 2025-04-25 | 2025-04-28 | 2025-04-28 |
| Cash Dividend: 
0.12CNY | 2024-09-12 | 2024-09-13 | 2024-09-13 |
| Cash Dividend: 
0.18CNY | 2024-04-24 | 2024-04-25 | 2024-04-25 |