YuanShengTai Dairy Farm Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	2,659	2,552	2,209	2,090	1,777	1,554
Revenue Growth (YoY)	14.04%	15.54%	5.66%	17.66%	14.32%	11.84%
Cost of Revenue	1,633	1,607	1,618	1,569	1,297	1,091
Gross Profit	1,026	944.55	590.74	521.72	479.33	463.28
Selling, General & Admin	125.2	115.11	139.31	135.11	116.23	140.1
Operating Expenses	125.2	115.11	139.31	135.11	116.23	140.1
Operating Income	901	829.45	451.43	386.6	363.09	323.18
Interest Expense	-31.78	-40.23	-35.49	-10.2	-3.53	-2.65
Interest & Investment Income	32.39	32.39	29.4	19.55	13.03	13.68
Currency Exchange Gain (Loss)	-	-	-	-0.07	-	-
Other Non Operating Income (Expenses)	87.47	69.25	57.5	16.55	23.94	2.16
EBT Excluding Unusual Items	989.08	890.86	502.83	412.44	396.52	336.36
Gain (Loss) on Sale of Assets	1.14	19.08	-	-	-1.79	-
Asset Writedown	-701.02	-614.5	-840.07	-389.6	-237.74	241.59
Pretax Income	289.2	295.44	-337.24	22.84	156.99	577.95
Income Tax Expense	2.65	-1.23	2.46	-	-	-
Net Income	286.55	296.67	-339.7	22.84	156.99	577.95
Net Income to Common	286.55	296.67	-339.7	22.84	156.99	577.95
Net Income Growth	436.86%	-	-	-85.45%	-72.84%	159.08%
Shares Outstanding (Basic)	4,690	4,690	4,690	4,690	4,690	4,690
Shares Outstanding (Diluted)	4,690	4,690	4,690	4,690	4,690	4,690
EPS (Basic)	0.06	0.06	-0.07	0.00	0.03	0.12
EPS (Diluted)	0.06	0.06	-0.07	0.00	0.03	0.12
EPS Growth	436.87%	-	-	-85.45%	-72.84%	159.08%
Free Cash Flow	167.93	123.77	-389.31	-787.83	-277.04	-99.31
Free Cash Flow Per Share	0.04	0.03	-0.08	-0.17	-0.06	-0.02
Gross Margin	38.59%	37.01%	26.75%	24.96%	26.98%	29.81%
Operating Margin	33.89%	32.50%	20.44%	18.50%	20.44%	20.80%
Profit Margin	10.78%	11.63%	-15.38%	1.09%	8.84%	37.19%
Free Cash Flow Margin	6.32%	4.85%	-17.63%	-37.69%	-15.59%	-6.39%
EBITDA	1,033	952.14	592.9	502.94	465.67	408.11
EBITDA Margin	38.86%	37.31%	26.85%	24.06%	26.21%	26.26%
D&A For EBITDA	132.33	122.7	141.47	116.34	102.57	84.93
EBIT	901	829.45	451.43	386.6	363.09	323.18
EBIT Margin	33.89%	32.50%	20.44%	18.50%	20.44%	20.80%
Effective Tax Rate	0.92%	-	-	-	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.