Shandong Huifa Foodstuff Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	1,410	1,900	1,976	1,552	1,627
Other Revenue	-	25.18	21.02	28.56	23.87
Revenue	1,410	1,925	1,997	1,581	1,651
Revenue Growth (YoY)	-26.78%	-3.61%	26.36%	-4.26%	17.15%
Cost of Revenue	1,156	1,589	1,637	1,364	1,403
Gross Profit	253.37	336.01	360.21	216.93	247.71
Selling, General & Admin	260.36	289.85	292.03	306.25	344.22
Research & Development	12.74	16.75	19.57	21.51	20.51
Other Operating Expenses	4	10.62	8.49	12.69	12.54
Operating Expenses	277.1	327.29	331.08	345.18	382.72
Operating Income	-23.72	8.72	29.13	-128.26	-135.02
Interest Expense	-	-23.9	-24.72	-25.5	-23.63
Interest & Investment Income	-	3.02	5.19	3.13	2.51
Currency Exchange Gain (Loss)	-	0.21	-0.18	-0.09	0.05
Other Non Operating Income (Expenses)	-24.81	0.58	0.58	-0.96	-0.6
EBT Excluding Unusual Items	-48.53	-11.37	9.99	-151.68	-156.68
Gain (Loss) on Sale of Investments	-9.46	-0.82	-0.93	-2.52	-0.43
Gain (Loss) on Sale of Assets	0.97	-3.23	-3.1	-1.26	-0.73
Asset Writedown	-9.94	-	-	-	-3.39
Other Unusual Items	-	6.68	14.38	12.55	5.87
Pretax Income	-66.97	-8.74	20.34	-142.91	-155.36
Income Tax Expense	1.88	3.84	7.61	-18.82	-15.43
Earnings From Continuing Operations	-68.86	-12.58	12.73	-124.09	-139.93
Minority Interest in Earnings	-0.7	-4.01	-5.21	4.22	2.05
Net Income	-69.55	-16.59	7.52	-119.87	-137.88
Net Income to Common	-69.55	-16.59	7.52	-119.87	-137.88
Shares Outstanding (Basic)	248	237	251	240	234
Shares Outstanding (Diluted)	248	237	251	240	234
Shares Change (YoY)	4.84%	-5.42%	4.50%	2.59%	1.27%
EPS (Basic)	-0.28	-0.07	0.03	-0.50	-0.59
EPS (Diluted)	-0.28	-0.07	0.03	-0.50	-0.59
Free Cash Flow	26.41	51.3	61.98	-32.2	-42.25
Free Cash Flow Per Share	0.11	0.22	0.25	-0.13	-0.18
Dividend Per Share	-	-	0.020	-	-
Gross Margin	17.97%	17.46%	18.04%	13.73%	15.00%
Operating Margin	-1.68%	0.45%	1.46%	-8.12%	-8.18%
Profit Margin	-4.93%	-0.86%	0.38%	-7.58%	-8.35%
Free Cash Flow Margin	1.87%	2.67%	3.10%	-2.04%	-2.56%
EBITDA	40.01	74.82	102.29	-57	-69.88
EBITDA Margin	2.84%	3.89%	5.12%	-3.61%	-4.23%
D&A For EBITDA	63.73	66.11	73.16	71.26	65.14
EBIT	-23.72	8.72	29.13	-128.26	-135.02
EBIT Margin	-1.68%	0.45%	1.46%	-8.12%	-8.18%
Effective Tax Rate	-	-	37.42%	-	-
Revenue as Reported	-	1,925	1,997	1,581	1,651

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.