Xinjiang Tianrun Dairy Co., Ltd. (SHA:600419)

Xinjiang Tianrun Dairy 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	2,642	2,724	2,700	2,402	2,102	1,764
Other Revenue	80.34	80.34	13.96	7.71	6.87	3.48
Revenue	2,722	2,804	2,714	2,410	2,109	1,768
Revenue Growth (YoY)	-2.32%	3.33%	12.62%	14.25%	19.32%	8.67%
Cost of Revenue	2,352	2,378	2,225	1,982	1,761	1,389
Gross Profit	370	425.96	489.07	427.95	348.51	378.8
Selling, General & Admin	260.05	261.27	243.58	209.74	164.96	178.62
Research & Development	24.22	26.63	24.79	10.25	6.5	5.22
Other Operating Expenses	-48.36	13.56	13.21	12.59	10.09	10.24
Operating Expenses	249.19	305.55	284.69	234.34	181.08	195.34
Operating Income	120.81	120.41	204.38	193.6	167.43	183.46
Interest Expense	-31.85	-46.72	-32.04	-13.56	-7.24	-6.02
Interest & Investment Income	5.81	9.01	14.13	18.68	12.46	10.35
Earnings From Equity Investments	2.93	-1.61	0.73	0.79	0.1	0.18
Other Non Operating Income (Expenses)	-105.63	-0.09	-1.62	1.82	1.83	-4.03
EBT Excluding Unusual Items	-7.91	81.01	185.57	201.33	174.58	183.95
Impairment of Goodwill	-	-	-	-	-7.94	-
Gain (Loss) on Sale of Assets	-113.5	-113.54	-75.59	-18.62	-6.88	-19.94
Asset Writedown	12.27	-35	-19.61	-5.79	-4.29	-8.98
Other Unusual Items	70.93	70.93	82.68	38.5	24.39	18.83
Pretax Income	-38.22	3.41	173.04	215.42	179.86	173.85
Income Tax Expense	-14.52	-11.49	32.95	14.72	18.9	20.25
Earnings From Continuing Operations	-23.7	14.9	140.09	200.7	160.96	153.6
Minority Interest in Earnings	34.48	28.76	1.94	-4.23	-11.29	-6.17
Net Income	10.78	43.66	142.03	196.47	149.67	147.43
Net Income to Common	10.78	43.66	142.03	196.47	149.67	147.43
Net Income Growth	-50.56%	-69.26%	-27.71%	31.26%	1.52%	5.63%
Shares Outstanding (Basic)	315	315	315	316	269	263
Shares Outstanding (Diluted)	315	315	315	316	269	263
Shares Change (YoY)	-0.10%	0.02%	-0.29%	17.76%	1.95%	26.46%
EPS (Basic)	0.03	0.14	0.45	0.62	0.56	0.56
EPS (Diluted)	0.03	0.14	0.45	0.62	0.56	0.56
EPS Growth	-50.51%	-69.27%	-27.50%	11.47%	-0.43%	-16.48%
Free Cash Flow	-0.35	-237.69	-573.23	-426.45	-102.96	-227.73
Free Cash Flow Per Share	-0.00	-0.75	-1.82	-1.35	-0.38	-0.86
Dividend Per Share	0.021	0.021	0.136	0.187	0.143	0.165
Dividend Growth	-84.57%	-84.57%	-27.27%	30.63%	-13.24%	5.10%
Gross Margin	13.59%	15.19%	18.02%	17.76%	16.52%	21.43%
Operating Margin	4.44%	4.29%	7.53%	8.03%	7.94%	10.38%
Profit Margin	0.40%	1.56%	5.23%	8.15%	7.10%	8.34%
Free Cash Flow Margin	-0.01%	-8.48%	-21.12%	-17.70%	-4.88%	-12.88%
EBITDA	430.23	374.65	385.05	324.09	280.21	276
EBITDA Margin	15.80%	13.36%	14.19%	13.45%	13.29%	15.61%
D&A For EBITDA	309.41	254.24	180.68	130.48	112.78	92.54
EBIT	120.81	120.41	204.38	193.6	167.43	183.46
EBIT Margin	4.44%	4.29%	7.53%	8.03%	7.94%	10.38%
Effective Tax Rate	-	-	19.04%	6.83%	10.51%	11.65%
Revenue as Reported	2,722	2,804	2,714	2,410	2,109	1,768
Advertising Expenses	-	40.84	40.84	32.24	9.75	30.02

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