YuanShengTai Dairy Farm Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,733	2,552	2,209	2,090	1,777
Revenue Growth (YoY)	7.11%	15.54%	5.66%	17.66%	14.32%
Cost of Revenue	1,632	1,607	1,618	1,569	1,297
Gross Profit	1,101	944.55	590.74	521.72	479.33
Selling, General & Admin	139.38	115.11	139.31	135.11	116.23
Operating Expenses	139.38	115.11	139.31	135.11	116.23
Operating Income	961.96	829.45	451.43	386.6	363.09
Interest Expense	-24.74	-40.23	-35.49	-10.2	-3.53
Interest & Investment Income	27.29	32.39	29.4	19.55	13.03
Currency Exchange Gain (Loss)	-	-	-	-0.07	-
Other Non Operating Income (Expenses)	131.15	69.25	57.5	16.55	23.94
EBT Excluding Unusual Items	1,096	890.86	502.83	412.44	396.52
Gain (Loss) on Sale of Assets	-	19.08	-	-	-1.79
Asset Writedown	-542.3	-614.5	-840.07	-389.6	-237.74
Pretax Income	553.36	295.44	-337.24	22.84	156.99
Income Tax Expense	0.91	-1.23	2.46	-	-
Net Income	552.46	296.67	-339.7	22.84	156.99
Net Income to Common	552.46	296.67	-339.7	22.84	156.99
Net Income Growth	86.22%	-	-	-85.45%	-72.84%
Shares Outstanding (Basic)	4,690	4,690	4,690	4,690	4,690
Shares Outstanding (Diluted)	4,690	4,690	4,690	4,690	4,690
EPS (Basic)	0.12	0.06	-0.07	0.00	0.03
EPS (Diluted)	0.12	0.06	-0.07	0.00	0.03
EPS Growth	86.22%	-	-	-85.45%	-72.84%
Free Cash Flow	-	123.77	-389.31	-787.83	-277.04
Free Cash Flow Per Share	-	0.03	-0.08	-0.17	-0.06
Gross Margin	40.29%	37.01%	26.75%	24.96%	26.98%
Operating Margin	35.20%	32.50%	20.44%	18.50%	20.44%
Profit Margin	20.21%	11.63%	-15.38%	1.09%	8.84%
Free Cash Flow Margin	-	4.85%	-17.63%	-37.69%	-15.59%
EBITDA	1,085	952.14	592.9	502.94	465.67
EBITDA Margin	39.68%	37.31%	26.85%	24.06%	26.21%
D&A For EBITDA	122.7	122.7	141.47	116.34	102.57
EBIT	961.96	829.45	451.43	386.6	363.09
EBIT Margin	35.20%	32.50%	20.44%	18.50%	20.44%
Effective Tax Rate	0.16%	-	-	-	-

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