Core Insights - The company reported a decline in revenue and net profit for the third quarter of 2025, with revenue at 1.437 billion yuan, a year-on-year decrease of 11.64% [2] - The net profit attributable to shareholders was 94.2487 million yuan, down 35.05% year-on-year [2] - Basic earnings per share for the third quarter were 0.0589 yuan [2] Financial Performance - For the first three quarters of 2025, the company achieved a revenue of 4.049 billion yuan, reflecting a year-on-year decline of 12.88% [2] - The net profit attributable to shareholders for the first three quarters was 298 million yuan, a decrease of 31.49% year-on-year [2] - Basic earnings per share for the first three quarters were 0.1863 yuan [2]

Core Insights - The company reported a total operating revenue of 4.049 billion yuan for the first three quarters of 2025, representing a year-on-year decline of 12.88% [1] - The net profit attributable to shareholders of the parent company was 298 million yuan, down 31.49% year-on-year [1] - The basic earnings per share stood at 0.1863 yuan [1]

Core Insights - The company reported a revenue of 4.049 billion yuan for the first three quarters of 2025, representing a year-on-year decrease of 12.88% [1] - The net profit attributable to shareholders was 298 million yuan, down 31.49% year-on-year [1] - In the third quarter, the company achieved a revenue of 1.437 billion yuan, a decline of 11.64% compared to the same period last year [1] - The net profit for the third quarter was 94.2487 million yuan, reflecting a decrease of 35.05% year-on-year [1] - As of the end of the reporting period, the company's total assets amounted to 7.314 billion yuan, an increase of 3.38% compared to the end of the previous year [1]

证券代码：603866 证券简称：桃李面包 公告编号：2025-056 桃李面包股份有限公司 关于 2025 年第三季度经营数据的公告 | 区域 | 本期营业收入 | | --- | --- | | 华北地区 | 915,052,148.69 | | 东北地区 | 1,687,202,856.72 | | 华东地区 | 1,315,735,746.49 | | 华中地区 | 173,667,992.92 | | 西南地区 | 476,877,597.11 | | 西北地区 | 264,746,279.71 | | 华南地区 | 278,666,460.25 | | 分部间抵销 | -1,063,239,768.74 | | 总计 | 4,048,709,313.15 | 二、 报告期经销商情况 | 区域 | 报告期末 经销商数量 | 同比增加数量 | 同比减少数量 | | --- | --- | --- | --- | | 华北地区 | 188 | 17 | 20 | | 东北地区 | 269 | 5 | 7 | | 华东地区 | 210 | 30 | 39 | | 西南地区 | 147 | 23 | 3 | ...

证券代码：603866 证券简称：桃李面包 公告编号：2025-055 桃李面包股份有限公司 第七届董事会第六次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、董事会会议召开情况 桃李面包股份有限公司（以下简称"公司"）第七届董事会第六次会议通知 于 2025 年 10 月 19 日以书面方式送达全体董事，会议于 2025 年 10 月 29 日以现 场结合通讯的方式在公司会议室召开。本次董事会会议应参加董事 9 名，实际参 加董事 9 名。本次会议由董事长吴学亮主持，公司高级管理人员列席会议。本次 会议符合《中华人民共和国公司法》、《公司章程》和《董事会议事规则》的有 关规定，会议的召集、召开合法有效。 二、董事会会议审议情况 1、审议通过《2025 年第三季度报告》 详细内容见同日登载于上海证券交易所网站 www.sse.com.cn 的《桃李面包 2025 年第三季度报告》。 表决结果：同意 9 票，反对 0 票，弃权 0 票。 该议案已经董事会审计委员会事前认可，公司审计委员会同意提交董事会审 议。 ...

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司董事会及董事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第三季度财务报表是否经审计 □是√否 桃李面包股份有限公司 2025 年第三季度报告 证券代码：603866 证券简称：桃李面包 桃李面包股份有限公司 2025 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 单位：元 币种：人民币 | | | | 本报告期比 | | 年初至报告期 | | --- | --- | --- | --- | --- | --- | | 项目 | | 本报告期 | 上年同期增 | 年初至报告期末 | 末比上年同期 | | | | | 减变动幅度 | | 增减变动幅度 | | | | | (%) | | (%) | | 营业收入 | | 1,437,284,079.59 | -11 ...

格隆汇10月29日｜桃李面包：2025年第三季度实现营业收入14.37亿元，同比下降11.64%；归属于上市 公司股东的净利润9424.87万元，同比下降35.05%。 ...

桃李面包10月29日公告，2025年第三季度实现营业收入14.37亿元，同比下降11.64%；归属于上市公司 股东的净利润9424.87万元，同比下降35.05%；基本每股收益0.0589元。前三季度实现营业收入40.49亿 元，同比下降12.88%；归属于上市公司股东的净利润2.98亿元，同比下降31.49%；基本每股收益0.1863 元。 ...

Core Viewpoint - The financing activities of Taoli Bread (603866) indicate a positive trend with a net buying of 320.61 million yuan on October 27, 2025, and a cumulative net buying of 424.01 million yuan over the last three trading days [1][2]. Financing Summary - On October 27, 2025, Taoli Bread had a financing buy-in of 749.63 million yuan and a financing repayment of 429.02 million yuan, resulting in a financing balance of 2.13 billion yuan [1]. - The financing net buying for the previous trading days was as follows: - October 24: 45.49 million yuan - October 23: 57.91 million yuan - October 22: 105.18 million yuan - October 21: -409.91 million yuan [2]. - The financing balance as a percentage of the circulating market value was 2.43% on October 27, 2025 [2]. Margin Trading Summary - On October 27, 2025, the margin trading saw a sell-off of 1,700 shares and a repayment of 5,600 shares, leading to a net buying of 3,900 shares, with a remaining margin of 21.48 million shares [3]. - The margin trading balance was reported at 2.14 billion yuan, reflecting an increase of 1.51% from the previous day [4]. Overall Margin Balance - The total margin balance on October 27, 2025, was 2.14 billion yuan, with a change of 318.48 million yuan, marking a 1.51% increase [4].

Core Insights - The Z generation is driving a fragmented consumption landscape in the baked goods market, with a focus on convenience, personalization, and situational consumption [1][3] - Tao Li Bread has identified the Z generation's demand for innovative baked products that emphasize aesthetics, taste complexity, and social attributes, leading to the launch of several products tailored to these preferences [1][3] Group 1: Product Innovation - Tao Li Bread has introduced a variety of unique products, such as alkaline water bread, which breaks away from traditional bread monotony, featuring a chewy crust [1] - The bagel product also meets the Z generation's needs for personalized and situational dining, made from high-quality wheat flour and utilizing traditional boiling techniques for a firm crust and soft interior [3] Group 2: Marketing Strategy - To connect deeply with young consumers, Tao Li Bread engages in differentiated content marketing on social platforms like Xiaohongshu and Douyin, featuring authentic product reviews and creative consumption scenarios [3] - The company aims to enhance emotional connections with the Z generation through product innovation and targeted marketing, positioning itself as an essential part of their lifestyle [3]