Guoquan Food (Shanghai) 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	7,810	6,470	6,094	7,173	3,958
Revenue Growth (YoY)	20.71%	6.17%	-15.05%	81.25%	33.50%
Cost of Revenue	6,123	5,053	4,743	5,924	3,603
Gross Profit	1,687	1,417	1,351	1,249	355.28
Selling, General & Admin	1,170	1,118	1,076	1,028	985.12
Other Operating Expenses	-61.53	-65.33	-43.14	-33.83	-9.09
Operating Expenses	1,110	1,052	1,035	999.02	976.45
Operating Income	576.54	364.4	315.73	249.95	-621.17
Interest Expense	-5.78	-4.42	-5.43	-2.56	-2.83
Interest & Investment Income	16.99	40.87	31.79	23.02	16.58
Earnings From Equity Investments	9.23	0.08	0.07	-	-
Currency Exchange Gain (Loss)	-2.45	6.14	-7.21	-0.08	1.84
EBT Excluding Unusual Items	594.54	407.07	334.95	270.33	-605.57
Gain (Loss) on Sale of Investments	6.06	-87.33	27.35	62.56	8.93
Gain (Loss) on Sale of Assets	-0.22	-	0.33	-0.7	0.13
Other Unusual Items	0.27	-0.19	0.8	-0.14	0.05
Pretax Income	600.65	319.55	363.43	332.04	-596.47
Income Tax Expense	146.79	78.31	100.02	91.06	-135.61
Earnings From Continuing Operations	453.86	241.24	263.4	240.98	-460.86
Minority Interest in Earnings	-20.97	-10.68	-23.77	-11.08	-1.13
Net Income	432.89	230.56	239.64	229.91	-461.99
Net Income to Common	432.89	230.56	239.64	229.91	-461.99
Net Income Growth	87.76%	-3.79%	4.23%	-	-
Shares Outstanding (Basic)	2,655	2,743	2,682	2,590	1,594
Shares Outstanding (Diluted)	2,655	2,743	2,682	2,624	1,594
Shares Change (YoY)	-3.20%	2.28%	2.19%	64.59%	152.31%
EPS (Basic)	0.16	0.08	0.09	0.09	-0.29
EPS (Diluted)	0.16	0.08	0.09	0.09	-0.29
EPS Growth	93.95%	-5.93%	2.00%	-	-
Free Cash Flow	438.88	425.47	545.24	168.97	-661.89
Free Cash Flow Per Share	0.17	0.15	0.20	0.06	-0.41
Dividend Per Share	0.110	0.075	0.052	-	-
Dividend Growth	47.05%	43.19%	-	-	-
Gross Margin	21.59%	21.90%	22.17%	17.41%	8.98%
Operating Margin	7.38%	5.63%	5.18%	3.48%	-15.70%
Profit Margin	5.54%	3.56%	3.93%	3.21%	-11.67%
Free Cash Flow Margin	5.62%	6.58%	8.95%	2.35%	-16.72%
EBITDA	643.98	420.65	358.69	274.81	-611.28
EBITDA Margin	8.25%	6.50%	5.89%	3.83%	-15.45%
D&A For EBITDA	67.44	56.25	42.96	24.87	9.89
EBIT	576.54	364.4	315.73	249.95	-621.17
EBIT Margin	7.38%	5.63%	5.18%	3.48%	-15.70%
Effective Tax Rate	24.44%	24.51%	27.52%	27.42%	-
Advertising Expenses	-	-	-	-	185.09

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