On March 16, Toly Bread Co.Ltd(603866) released its annual report for 2021. In the current period, Toly Bread Co.Ltd(603866) achieved a revenue of 6.335 billion yuan, a year-on-year increase of 6.24%; The net profit was 763 million yuan, a year-on-year decrease of 13.54%, which was the first decline in net profit of Toly Bread Co.Ltd(603866) since its listing in 2015.
In addition, Toly Bread Co.Ltd(603866) ‘s southward journey was blocked again. The annual report shows that in 2021, 13 of Toly Bread Co.Ltd(603866) 39 subsidiaries were in a state of loss, most of which were Southern companies. Shanghai Taoli, Hainan Taoli, Jiangsu Taoli, Fuzhou Taoli and Xiamen Taoli all lost more than ten million.
On the day of issuing the annual report, Toly Bread Co.Ltd(603866) announced that it planned to cancel the wholly-owned subsidiaries Fuzhou Toly Bread Co.Ltd(603866) Co., Ltd. and Xiamen Toly Bread Co.Ltd(603866) Co., Ltd. in 2021, the two subsidiaries lost 127072 million yuan and 118797 million yuan respectively.
