China Feihe Limited (CFEIY)

China Feihe Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	19,804	20,749	19,532	21,311	22,776	18,592
Revenue Growth (YoY)	-0.44%	6.23%	-8.35%	-6.43%	22.50%	35.50%
Cost of Revenue	7,257	6,984	6,869	7,360	6,769	5,112
Gross Profit	12,547	13,765	12,663	13,951	16,008	13,480
Selling, General & Admin	8,537	8,862	8,471	8,080	7,937	6,418
Other Operating Expenses	109.65	130.35	100.2	85.98	67.08	153.82
Operating Expenses	8,646	8,993	8,571	8,166	8,004	6,572
Operating Income	3,901	4,772	4,092	5,784	8,003	6,908
Interest Expense	-34.77	-44.65	-53.13	-33.64	-29.15	-50.16
Interest & Investment Income	451.89	468.37	470.03	349.43	355.65	337.61
Earnings From Equity Investments	-12.92	-12.18	-7.41	-17.25	-15.59	-5.57
Currency Exchange Gain (Loss)	0.12	66.98	-	-	-	-
Other Non Operating Income (Expenses)	689.3	819.3	1,090	925.6	1,500	1,043
EBT Excluding Unusual Items	4,994	6,070	5,592	7,008	9,814	8,233
Merger & Restructuring Charges	-	-	-	-0.08	-	-6.35
Gain (Loss) on Sale of Investments	1.58	91.34	99.51	93.61	118.82	33.68
Gain (Loss) on Sale of Assets	-15.97	3.11	-0.66	-41.78	-15.02	-18.18
Asset Writedown	-701.02	-614.5	-840.07	-397.03	-245.16	-71.46
Other Unusual Items	-	-	-	-	-	1,730
Pretax Income	4,279	5,550	4,850	6,663	9,672	9,900
Income Tax Expense	1,504	1,896	1,560	1,715	2,757	2,464
Earnings From Continuing Operations	2,775	3,654	3,290	4,948	6,915	7,437
Minority Interest in Earnings	-79.99	-84	99.66	-6.06	-43.85	0.24
Net Income	2,695	3,570	3,390	4,942	6,871	7,437
Net Income to Common	2,695	3,570	3,390	4,942	6,871	7,437
Net Income Growth	-24.48%	5.31%	-31.41%	-28.07%	-7.61%	89.01%
Shares Outstanding (Basic)	9,052	9,049	9,060	8,941	8,923	8,933
Shares Outstanding (Diluted)	9,059	9,055	9,078	8,941	9,101	9,109
Shares Change (YoY)	-0.10%	-0.25%	1.52%	-1.76%	-0.09%	11.42%
EPS (Basic)	0.30	0.39	0.37	0.55	0.77	0.83
EPS (Diluted)	0.29	0.39	0.37	0.55	0.75	0.82
EPS Growth	-25.62%	5.41%	-32.73%	-26.67%	-8.54%	70.83%
Free Cash Flow	-	2,680	2,610	3,801	4,795	6,887
Free Cash Flow Per Share	-	0.30	0.29	0.42	0.53	0.76
Dividend Per Share	0.265	0.307	0.257	0.252	0.383	0.249
Dividend Growth	-6.70%	19.27%	1.93%	-34.20%	53.77%	43.55%
Gross Margin	63.36%	66.34%	64.83%	65.46%	70.28%	72.50%
Operating Margin	19.70%	23.00%	20.95%	27.14%	35.14%	37.16%
Profit Margin	13.61%	17.21%	17.36%	23.19%	30.17%	40.00%
Free Cash Flow Margin	-	12.92%	13.36%	17.84%	21.05%	37.04%
EBITDA	4,531	5,398	4,673	6,251	8,414	7,126
EBITDA Margin	22.88%	26.02%	23.92%	29.33%	36.94%	38.33%
D&A For EBITDA	630.72	625.79	580.76	466.81	410.49	217.63
EBIT	3,901	4,772	4,092	5,784	8,003	6,908
EBIT Margin	19.70%	23.00%	20.95%	27.14%	35.14%	37.16%
Effective Tax Rate	35.14%	34.16%	32.16%	25.74%	28.51%	24.89%

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