Toly Bread Co.,Ltd. (SHA:603866)

Toly Bread 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	5,888	6,087	6,758	6,683	6,335	5,963
Other Revenue	0.42	0.42	0.29	3.14	-	-
Revenue	5,888	6,087	6,759	6,686	6,335	5,963
Revenue Growth (YoY)	-11.88%	-9.93%	1.08%	5.54%	6.25%	5.66%
Cost of Revenue	4,524	4,664	5,219	5,083	4,670	4,176
Gross Profit	1,364	1,424	1,540	1,604	1,665	1,787
Selling, General & Admin	595	618.29	687.68	673.95	663.2	624.4
Research & Development	18.94	22.97	33.7	31.58	20.65	11.3
Other Operating Expenses	79.53	77.8	78.71	72.88	69.56	65.72
Operating Expenses	698.33	723.49	801.27	788.2	755.95	707.79
Operating Income	665.84	700.16	738.79	815.34	909.17	1,079
Interest Expense	-33.15	-33.74	-26.8	-13.31	-6.52	-29.85
Interest & Investment Income	17.45	18.68	8.51	5.66	11.35	27.07
Currency Exchange Gain (Loss)	-	-	-	-	13.4	-0.22
Other Non Operating Income (Expenses)	-4.84	-1.79	-2.29	-4.84	-4.49	-2.31
EBT Excluding Unusual Items	645.3	683.32	718.2	802.85	922.91	1,074
Gain (Loss) on Sale of Investments	0.42	0.32	2.37	-17.51	17.3	16.69
Gain (Loss) on Sale of Assets	-7.9	-7.88	-5.52	-4.7	-1.29	-1.7
Other Unusual Items	27.51	24.62	27.21	35.34	43.84	48.52
Pretax Income	665.32	700.37	742.26	815.98	982.76	1,138
Income Tax Expense	174.43	178.29	168.21	176.08	219.5	254.85
Net Income	490.89	522.08	574.04	639.89	763.27	882.84
Net Income to Common	490.89	522.08	574.04	639.89	763.27	882.84
Net Income Growth	-10.83%	-9.05%	-10.29%	-16.16%	-13.54%	29.19%
Shares Outstanding (Basic)	1,600	1,600	1,600	1,600	1,600	1,560
Shares Outstanding (Diluted)	1,600	1,600	1,600	1,600	1,600	1,560
Shares Change (YoY)	-0.02%	-0.02%	0.01%	-	2.58%	0.64%
EPS (Basic)	0.31	0.33	0.36	0.40	0.48	0.57
EPS (Diluted)	0.31	0.33	0.36	0.40	0.48	0.57
EPS Growth	-10.81%	-9.03%	-10.30%	-16.16%	-15.72%	28.37%
Free Cash Flow	373	341.16	-50.67	166.44	-103.39	208.45
Free Cash Flow Per Share	0.23	0.21	-0.03	0.10	-0.07	0.13
Dividend Per Share	0.250	0.250	0.180	0.333	0.357	0.425
Dividend Growth	38.89%	38.89%	-46.00%	-6.67%	-16.00%	-0.02%
Gross Margin	23.17%	23.39%	22.79%	23.98%	26.28%	29.97%
Operating Margin	11.31%	11.50%	10.93%	12.19%	14.35%	18.10%
Profit Margin	8.34%	8.58%	8.49%	9.57%	12.05%	14.80%
Free Cash Flow Margin	6.33%	5.61%	-0.75%	2.49%	-1.63%	3.50%
EBITDA	905.6	933.37	945.82	968.72	1,051	1,209
EBITDA Margin	15.38%	15.33%	13.99%	14.49%	16.58%	20.27%
D&A For EBITDA	239.76	233.21	207.03	153.37	141.48	129.15
EBIT	665.84	700.16	738.79	815.34	909.17	1,079
EBIT Margin	11.31%	11.50%	10.93%	12.19%	14.35%	18.10%
Effective Tax Rate	26.22%	25.46%	22.66%	21.58%	22.34%	22.40%
Revenue as Reported	5,888	6,087	6,759	6,686	6,335	5,963
Advertising Expenses	-	64.88	62.72	57.9	43.05	40.3

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