Beijing Sanyuan Foods Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	6,329	6,873	7,685	7,822	8,752	7,288
Other Revenue	139.2	139.2	169.79	128.45	98.57	65.45
Revenue	6,468	7,012	7,855	7,951	8,850	7,353
Revenue Growth (YoY)	-9.43%	-10.73%	-1.20%	-10.17%	20.36%	-9.78%
Cost of Revenue	5,179	5,528	6,305	5,964	6,408	5,575
Gross Profit	1,289	1,484	1,550	1,987	2,443	1,778
Selling, General & Admin	1,333	1,477	1,582	1,681	1,668	1,526
Research & Development	94.61	118.8	140.69	182.1	191.76	35.33
Other Operating Expenses	17.6	22.6	52.36	51.05	49.1	41.35
Operating Expenses	1,439	1,616	1,780	1,942	1,905	1,637
Operating Income	-149.84	-131.64	-229.46	44.51	537.54	141
Interest Expense	-69.46	-81.7	-109.93	-184.69	-251.64	-168.63
Interest & Investment Income	308.37	275.63	533.37	191.84	21.46	16.2
Earnings From Equity Investments	-	-	-	-	188.96	63.31
Currency Exchange Gain (Loss)	-7.87	-7.87	-0.1	5.63	2.97	-9.2
Other Non Operating Income (Expenses)	0.67	1.46	0.65	-4.99	-43.18	-19.57
EBT Excluding Unusual Items	81.87	55.88	194.53	52.31	456.11	23.11
Gain (Loss) on Sale of Investments	1.58	-0.59	34.97	14.06	1.1	-0.02
Gain (Loss) on Sale of Assets	-0.74	0.18	-38.65	-99.32	-116.93	-3.71
Asset Writedown	89.09	-	-5.98	-1.51	-1.6	-
Other Unusual Items	24.76	26.71	49.99	84.21	53.25	52.15
Pretax Income	196.56	82.18	234.86	49.75	391.93	71.53
Income Tax Expense	30.46	26.53	14.62	26.43	55.19	56.13
Earnings From Continuing Operations	166.1	55.65	220.24	23.32	336.74	15.4
Minority Interest in Earnings	19.79	-0.84	22.68	16.96	-38.23	6.66
Net Income	185.89	54.81	242.92	40.28	298.51	22.06
Net Income to Common	185.89	54.81	242.92	40.28	298.51	22.06
Net Income Growth	61.27%	-77.44%	503.02%	-86.50%	1253.35%	-83.58%
Shares Outstanding (Basic)	1,523	1,523	1,518	1,492	1,500	1,470
Shares Outstanding (Diluted)	1,523	1,523	1,518	1,492	1,500	1,470
Shares Change (YoY)	0.83%	0.28%	1.76%	-0.53%	2.01%	-1.49%
EPS (Basic)	0.12	0.04	0.16	0.03	0.20	0.01
EPS (Diluted)	0.12	0.04	0.16	0.03	0.20	0.01
EPS Growth	59.95%	-77.50%	492.59%	-86.43%	1226.67%	-83.33%
Free Cash Flow	551.61	250.53	-63.52	-744.49	169.75	362.07
Free Cash Flow Per Share	0.36	0.17	-0.04	-0.50	0.11	0.25
Dividend Per Share	0.012	0.012	0.049	0.008	0.050	0.005
Dividend Growth	-75.51%	-75.51%	512.50%	-84.00%	900.00%	-81.48%
Gross Margin	19.93%	21.16%	19.74%	24.99%	27.60%	24.18%
Operating Margin	-2.32%	-1.88%	-2.92%	0.56%	6.07%	1.92%
Profit Margin	2.87%	0.78%	3.09%	0.51%	3.37%	0.30%
Free Cash Flow Margin	8.53%	3.57%	-0.81%	-9.36%	1.92%	4.92%
EBITDA	-49.22	58.54	80.14	571.33	1,089	386.74
EBITDA Margin	-0.76%	0.83%	1.02%	7.19%	12.30%	5.26%
D&A For EBITDA	100.62	190.18	309.59	526.83	551.4	245.74
EBIT	-149.84	-131.64	-229.46	44.51	537.54	141
EBIT Margin	-2.32%	-1.88%	-2.92%	0.56%	6.07%	1.92%
Effective Tax Rate	15.50%	32.28%	6.23%	53.12%	14.08%	78.47%
Revenue as Reported	6,468	7,012	7,855	7,951	8,850	7,353
Advertising Expenses	-	249.43	230.22	409	299.49	258.38

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