Qianhe Condiment and Food Co., Ltd. (SHA:603027)

Qianhe Condiment and Food 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	2,772	3,073	3,207	2,397	1,898	1,669
Other Revenue	-	-	-	39.66	27.56	24.13
Revenue	2,772	3,073	3,207	2,436	1,925	1,693
Revenue Growth (YoY)	-12.37%	-4.16%	31.62%	26.55%	13.70%	24.95%
Cost of Revenue	1,714	1,930	2,016	1,546	1,148	950.82
Gross Profit	1,058	1,143	1,191	890.7	777.41	742.46
Selling, General & Admin	498.58	497.99	515.93	403.92	452.95	348.26
Research & Development	86.14	83.49	86.44	64.52	55.39	45.22
Other Operating Expenses	5.65	4.29	-1.26	16.19	13.39	12.22
Operating Expenses	590.46	586.3	598.32	490.4	522.93	403.62
Operating Income	467.4	556.61	592.88	400.3	254.49	338.83
Interest Expense	-5.21	-2.56	-0.01	-1.38	-0.02	-
Interest & Investment Income	42.13	54.24	36.16	11.96	11.67	11.46
Currency Exchange Gain (Loss)	0.54	0.54	0.21	0.83	-0.06	-
Other Non Operating Income (Expenses)	-3.54	-0.87	-0.14	-0.71	-0.46	0.08
EBT Excluding Unusual Items	501.33	607.96	629.11	411.01	265.61	350.38
Impairment of Goodwill	-	-	-	-	-	-60.8
Gain (Loss) on Sale of Assets	-2.33	-2.37	-0.01	1.14	-11.53	-2.45
Asset Writedown	-	-	-	-13.52	-	-29.14
Other Unusual Items	2.51	2.51	0.11	3.03	7.17	-1.04
Pretax Income	501.5	608.1	629.21	401.66	261.24	256.95
Income Tax Expense	79.23	93.95	98.76	57.71	39.84	51.14
Net Income	422.27	514.15	530.45	343.95	221.4	205.8
Net Income to Common	422.27	514.15	530.45	343.95	221.4	205.8
Net Income Growth	-14.67%	-3.07%	54.22%	55.35%	7.58%	3.81%
Shares Outstanding (Basic)	1,329	1,333	1,288	1,246	1,246	1,240
Shares Outstanding (Diluted)	1,329	1,333	1,296	1,246	1,246	1,252
Shares Change (YoY)	-0.53%	2.86%	3.97%	0.02%	-0.47%	0.78%
EPS (Basic)	0.32	0.39	0.41	0.28	0.18	0.17
EPS (Diluted)	0.32	0.39	0.41	0.28	0.18	0.16
EPS Growth	-14.22%	-5.76%	48.33%	55.32%	8.09%	3.01%
Free Cash Flow	99.79	-16.16	-28.56	552.67	-98.58	165.89
Free Cash Flow Per Share	0.07	-0.01	-0.02	0.44	-0.08	0.13
Dividend Per Share	0.462	0.385	0.385	0.083	0.054	0.050
Dividend Growth	99.96%	-	362.82%	54.46%	8.25%	1.64%
Gross Margin	38.16%	37.19%	37.15%	36.56%	40.38%	43.85%
Operating Margin	16.86%	18.11%	18.49%	16.43%	13.22%	20.01%
Profit Margin	15.23%	16.73%	16.54%	14.12%	11.50%	12.15%
Free Cash Flow Margin	3.60%	-0.53%	-0.89%	22.68%	-5.12%	9.80%
EBITDA	637.66	709.14	721.77	506.54	350.51	421.03
EBITDA Margin	23.00%	23.07%	22.51%	20.79%	18.21%	24.87%
D&A For EBITDA	170.25	152.53	128.89	106.24	96.02	82.2
EBIT	467.4	556.61	592.88	400.3	254.49	338.83
EBIT Margin	16.86%	18.11%	18.49%	16.43%	13.22%	20.01%
Effective Tax Rate	15.80%	15.45%	15.70%	14.37%	15.25%	19.91%
Revenue as Reported	2,772	3,073	3,207	2,436	1,925	1,693
Advertising Expenses	-	166.46	153.64	145.16	228.65	102.44

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