China Starch Holdings 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	10,058	11,416	11,798	11,949	11,639
Revenue Growth (YoY)	-11.89%	-3.24%	-1.27%	2.66%	30.89%
Cost of Revenue	9,518	10,253	11,241	10,758	10,687
Gross Profit	540.94	1,163	556.57	1,190	952.21
Selling, General & Admin	351.92	375.25	351.73	378.88	356.95
Research & Development	46.8	89.67	160.49	324.11	199.65
Other Operating Expenses	-109.74	-111.81	-106.7	-107.92	-82.4
Operating Expenses	288.98	353.1	405.51	595.07	474.19
Operating Income	251.96	810.15	151.06	595.41	478.02
Interest Expense	-11.19	-8.84	-4.76	-4.47	-7.11
Interest & Investment Income	49.31	31.04	24.12	18.26	8.05
Currency Exchange Gain (Loss)	2.2	5.32	7.53	1.54	-1.96
EBT Excluding Unusual Items	292.28	837.67	177.96	610.74	477.01
Gain (Loss) on Sale of Assets	8.97	-0.28	1.64	9.4	1.08
Asset Writedown	-	-	-3.3	-0.21	-3.09
Other Unusual Items	0.72	0.75	0.53	1.19	36.5
Pretax Income	301.97	838.14	176.83	621.12	511.49
Income Tax Expense	64.61	212.55	19.44	125.68	108.66
Earnings From Continuing Operations	237.36	625.59	157.4	495.43	402.83
Minority Interest in Earnings	-52.43	-143.34	-49.44	-143.42	-57.23
Net Income	184.93	482.25	107.96	352.01	345.6
Net Income to Common	184.93	482.25	107.96	352.01	345.6
Net Income Growth	-61.65%	346.70%	-69.33%	1.85%	81.78%
Shares Outstanding (Basic)	5,964	5,966	5,991	5,994	5,994
Shares Outstanding (Diluted)	5,964	5,966	5,991	5,994	5,994
Shares Change (YoY)	-0.02%	-0.42%	-0.06%	-	-0.02%
EPS (Basic)	0.03	0.08	0.02	0.06	0.06
EPS (Diluted)	0.03	0.08	0.02	0.06	0.06
EPS Growth	-61.65%	348.58%	-69.31%	1.86%	81.83%
Free Cash Flow	-	1,062	-8.26	105.7	711.95
Free Cash Flow Per Share	-	0.18	-0.00	0.02	0.12
Dividend Per Share	0.010	0.009	0.006	0.006	0.006
Dividend Growth	6.42%	47.04%	2.62%	8.58%	-25.82%
Gross Margin	5.38%	10.19%	4.72%	9.96%	8.18%
Operating Margin	2.50%	7.10%	1.28%	4.98%	4.11%
Profit Margin	1.84%	4.22%	0.92%	2.95%	2.97%
Free Cash Flow Margin	-	9.30%	-0.07%	0.89%	6.12%
EBITDA	527.05	1,085	418.04	869.34	726.31
EBITDA Margin	5.24%	9.51%	3.54%	7.27%	6.24%
D&A For EBITDA	275.09	275.09	266.98	273.93	248.3
EBIT	251.96	810.15	151.06	595.41	478.02
EBIT Margin	2.50%	7.10%	1.28%	4.98%	4.11%
Effective Tax Rate	21.40%	25.36%	10.99%	20.23%	21.24%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.