V V Food & Beverage Co.,Ltd (SHA:600300)

SHA:600300 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
Operating Revenue	3,390	3,600	3,978	4,164	4,518	4,708
Other Revenue	43.82	56.51	57.57	58.11	49.93	90.45
Revenue	3,434	3,656	4,036	4,222	4,568	4,799
Revenue Growth (YoY)	-8.92%	-9.40%	-4.42%	-7.57%	-4.81%	4.30%
Cost of Revenue	2,480	2,711	3,173	3,370	3,681	3,800
Gross Profit	954.17	945.14	862.6	852.04	886.82	998.54
Selling, General & Admin	422.35	443.42	477.47	488.79	470.78	599.58
Research & Development	8.18	7.03	5.57	3.88	3.36	3.51
Other Operating Expenses	49.01	44.96	43.32	41.86	38.78	71.05
Operating Expenses	479.97	495.13	524.6	535.81	517.22	680.35
Operating Income	474.2	450.01	338.01	316.23	369.6	318.19
Interest Expense	-6.92	-11.19	-24.95	-56.58	-66.35	-160.15
Interest & Investment Income	16.38	6.71	24.8	3.79	14.43	166.58
Currency Exchange Gain (Loss)	0.14	0.16	0.57	1.32	-0.29	-0.6
Other Non Operating Income (Expenses)	87.64	83.7	-62.36	-56.92	-9.13	-18.28
EBT Excluding Unusual Items	571.44	529.4	276.06	207.84	308.24	305.75
Gain (Loss) on Sale of Investments	1.8	-1.4	-23.06	-8.09	-11.05	0.79
Gain (Loss) on Sale of Assets	14.09	116.6	76.49	-11.52	4	210.44
Asset Writedown	-0.23	-0.23	-26.24	-3.87	-	-27.95
Other Unusual Items	-94.35	-96.56	7.85	9	13.32	50.84
Pretax Income	492.75	547.81	311.11	193.36	314.51	539.87
Income Tax Expense	112.58	136.91	106.88	101.41	91.15	100.92
Earnings From Continuing Operations	380.17	410.9	204.23	91.96	223.37	438.95
Net Income to Company	380.17	410.9	204.23	91.96	223.37	438.95
Minority Interest in Earnings	0.61	0.25	5.26	3.33	-0.06	-3.21
Net Income	380.78	411.14	209.49	95.29	223.3	435.73
Net Income to Common	380.78	411.14	209.49	95.29	223.3	435.73
Net Income Growth	27.47%	96.26%	119.84%	-57.33%	-48.75%	497.50%
Shares Outstanding (Basic)	1,667	1,645	1,611	1,588	1,595	1,614
Shares Outstanding (Diluted)	1,667	1,645	1,611	1,588	1,595	1,614
Shares Change (YoY)	-0.78%	2.05%	1.47%	-0.43%	-1.17%	-2.64%
EPS (Basic)	0.23	0.25	0.13	0.06	0.14	0.27
EPS (Diluted)	0.23	0.25	0.13	0.06	0.14	0.27
EPS Growth	28.48%	92.31%	116.67%	-57.14%	-48.15%	575.02%
Free Cash Flow	646.21	258.95	611.42	152.49	-90.85	552.55
Free Cash Flow Per Share	0.39	0.16	0.38	0.10	-0.06	0.34
Dividend Per Share	0.128	0.128	0.065	0.018	0.030	0.100
Dividend Growth	96.92%	96.92%	261.11%	-40.00%	-70.00%	-
Gross Margin	27.79%	25.85%	21.38%	20.18%	19.41%	20.81%
Operating Margin	13.81%	12.31%	8.38%	7.49%	8.09%	6.63%
Profit Margin	11.09%	11.24%	5.19%	2.26%	4.89%	9.08%
Free Cash Flow Margin	18.82%	7.08%	15.15%	3.61%	-1.99%	11.51%
EBITDA	660.19	651.64	568.9	560.08	571.46	542.06
EBITDA Margin	19.23%	17.82%	14.10%	13.26%	12.51%	11.30%
D&A For EBITDA	186	201.63	230.89	243.85	201.87	223.87
EBIT	474.2	450.01	338.01	316.23	369.6	318.19
EBIT Margin	13.81%	12.31%	8.38%	7.49%	8.09%	6.63%
Effective Tax Rate	22.85%	24.99%	34.35%	52.44%	28.98%	18.69%
Revenue as Reported	3,434	3,656	4,036	4,222	4,568	4,799
Advertising Expenses	-	73.81	80.32	83.58	104.59	198.14

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.