Chinese dairy company Bright Dairy & Food Co posted a net loss of CNY271.24m (US$40m) in the third quarter of this year, down from a profit of CNY39.06m last year.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


Profits were hit by the cost of product recalls and a decline in demand in the wake of the melamine contamination scandal in which four babies died and thousands were hospitalised in China.


Operating revenue fell 11.28% year-on-year to CNY2.05bn, the company said in a filing with the Shanghai stock exchange.


Selling expenses rose 13.55% to CNY705.26m and management expenses rose 131.17% to CNY176.80m. Bright Dairy booked an impairment loss of CNY141.38m, up 6,764.41%.


In a separate statement, the company warned that it expects to see full year losses, compared with 2007’s profit of CNY212.9m.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now