China Foods Limited (HKG: 0506)

China Foods Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	20,326	21,446	20,968	19,784	17,249	17,172
Revenue Growth (YoY)	-5.59%	2.28%	5.98%	14.70%	0.45%	9.74%
Cost of Revenue	13,282	13,903	13,470	12,724	10,424	10,898
Gross Profit	7,043	7,544	7,498	7,061	6,826	6,274
Selling, General & Admin	5,496	6,000	6,045	5,852	5,741	5,440
Other Operating Expenses	-200.07	-204.35	-122.35	-148.32	-183.22	-
Operating Expenses	5,271	5,796	5,923	5,706	5,560	5,440
Operating Income	1,772	1,748	1,576	1,355	1,265	833.81
Interest Expense	-5.8	-4.97	-3.51	-4.49	-25.06	-53.62
Interest & Investment Income	32.32	24.09	18.83	30.89	11.19	5.1
Earnings From Equity Investments	2.92	-	29.89	29.45	35.6	41.03
Currency Exchange Gain (Loss)	-8.46	-7.64	-0.49	1.96	-2.97	-
Other Non Operating Income (Expenses)	-	-	-	-	-	111.1
EBT Excluding Unusual Items	1,793	1,759	1,620	1,413	1,284	937.42
Gain (Loss) on Sale of Investments	-	91.61	-	-	-	-
Gain (Loss) on Sale of Assets	-7.09	-6.93	-5.29	16.2	-4.9	75.19
Asset Writedown	-	-	-0.58	-6.03	-25.88	-
Pretax Income	1,786	1,844	1,614	1,423	1,253	1,013
Income Tax Expense	451.45	458.43	404.02	348.17	299.96	236.77
Earnings From Continuing Operations	1,334	1,386	1,210	1,075	953.26	775.84
Net Income to Company	1,334	1,386	1,210	1,075	953.26	775.84
Minority Interest in Earnings	-537.03	-552.99	-550.59	-502.27	-454.53	-358.05
Net Income	797.2	832.58	659.84	572.42	498.73	417.79
Net Income to Common	797.2	832.58	659.84	572.42	498.73	417.79
Net Income Growth	2.34%	26.18%	15.27%	14.77%	19.37%	30.21%
Shares Outstanding (Basic)	2,797	2,797	2,797	2,797	2,797	2,797
Shares Outstanding (Diluted)	2,797	2,797	2,797	2,797	2,797	2,797
EPS (Basic)	0.28	0.30	0.24	0.20	0.18	0.15
EPS (Diluted)	0.28	0.30	0.24	0.20	0.18	0.15
EPS Growth	2.33%	26.16%	15.29%	14.75%	19.37%	30.21%
Free Cash Flow	1,924	1,802	259.17	360.41	1,650	1,198
Free Cash Flow Per Share	0.69	0.64	0.09	0.13	0.59	0.43
Dividend Per Share	0.148	0.148	0.117	0.102	0.089	0.044
Dividend Growth	26.50%	26.50%	14.71%	14.61%	102.27%	29.41%
Gross Margin	34.65%	35.18%	35.76%	35.69%	39.57%	36.54%
Operating Margin	8.72%	8.15%	7.51%	6.85%	7.34%	4.86%
Profit Margin	3.92%	3.88%	3.15%	2.89%	2.89%	2.43%
Free Cash Flow Margin	9.47%	8.40%	1.24%	1.82%	9.56%	6.98%
EBITDA	2,529	2,519	2,189	1,892	1,812	1,233
EBITDA Margin	12.44%	11.74%	10.44%	9.56%	10.50%	7.18%
D&A For EBITDA	757.32	770.89	613.43	537.14	546.56	399.2
EBIT	1,772	1,748	1,576	1,355	1,265	833.81
EBIT Margin	8.72%	8.15%	7.51%	6.85%	7.33%	4.86%
Effective Tax Rate	25.28%	24.86%	25.03%	24.47%	23.93%	23.38%
Advertising Expenses	-	-	-	1,491	1,775	-

Source: S&P Capital IQ. Standard template. Financial Sources.