Jiangxi Qiyunshan Food 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	313.7	339.13	246.72
Revenue Growth	-7.50%	37.46%	-
Cost of Revenue	152.7	174.27	126.27
Gross Profit	160.99	164.87	120.45
Selling, General & Admin	95.47	90.14	81.84
Research & Development	11.43	11.95	11.06
Other Operating Expenses	3.68	3.82	3.42
Operating Expenses	110.64	105.92	96.34
Operating Income	50.36	58.95	24.11
Interest & Investment Income	1.09	1.64	1.58
Other Non Operating Income (Expenses)	0.67	0.05	-0.01
EBT Excluding Unusual Items	52.12	60.64	25.68
Gain (Loss) on Sale of Investments	-	0.01	0.02
Gain (Loss) on Sale of Assets	-	0.02	-
Legal Settlements	-1.65	-3.34	-
Other Unusual Items	5.97	4.12	1.48
Pretax Income	56.44	61.45	27.17
Income Tax Expense	7.51	8.25	3.47
Net Income	48.93	53.2	23.71
Net Income to Common	48.93	53.2	23.71
Net Income Growth	-8.03%	124.42%	-
Shares Outstanding (Basic)	75	75	75
Shares Outstanding (Diluted)	75	75	75
Shares Change	-	-	-
EPS (Basic)	0.65	0.71	0.32
EPS (Diluted)	0.65	0.71	0.32
EPS Growth	-8.03%	124.42%	-

Additional Metrics

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Free Cash Flow	-6.33	85.02	0.16
Free Cash Flow Per Share	-0.08	1.13	0.00
Gross Margin	51.32%	48.61%	48.82%
Operating Margin	16.05%	17.38%	9.77%
Profit Margin	15.60%	15.69%	9.61%
Free Cash Flow Margin	-2.02%	25.07%	0.07%
EBITDA	60.81	68.18	31.37
EBITDA Margin	19.38%	20.11%	12.72%
D&A For EBITDA	10.45	9.24	7.27
EBIT	50.36	58.95	24.11
EBIT Margin	16.05%	17.38%	9.77%
Effective Tax Rate	13.31%	13.42%	12.76%
Advertising Expenses	36.82	37.63	36.78