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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	5,488	6,087	6,758	6,683	6,335	5,963
Other Revenue	0.42	0.42	0.29	3.14	-	-
Revenue	5,488	6,087	6,759	6,686	6,335	5,963
Revenue Growth (YoY)	-13.43%	-9.93%	1.08%	5.54%	6.25%	5.66%
Cost of Revenue	4,239	4,664	5,219	5,083	4,670	4,176
Gross Profit	1,250	1,424	1,540	1,604	1,665	1,787
Selling, General & Admin	586.33	618.29	687.68	673.95	663.2	624.4
Research & Development	22.61	22.97	33.7	31.58	20.65	11.3
Other Operating Expenses	83.46	77.8	78.71	72.88	69.56	65.72
Operating Expenses	701.49	723.49	801.27	788.2	755.95	707.79
Operating Income	548.34	700.16	738.79	815.34	909.17	1,079
Interest Expense	-30.31	-33.74	-26.8	-13.31	-6.52	-29.85
Interest & Investment Income	15.22	18.68	8.51	5.66	11.35	27.07
Currency Exchange Gain (Loss)	-	-	-	-	13.4	-0.22
Other Non Operating Income (Expenses)	-8.18	-1.79	-2.29	-4.84	-4.49	-2.31
EBT Excluding Unusual Items	525.07	683.32	718.2	802.85	922.91	1,074
Gain (Loss) on Sale of Investments	0.45	0.32	2.37	-17.51	17.3	16.69
Gain (Loss) on Sale of Assets	-6.82	-7.88	-5.52	-4.7	-1.29	-1.7
Other Unusual Items	27.84	24.62	27.21	35.34	43.84	48.52
Pretax Income	546.54	700.37	742.26	815.98	982.76	1,138
Income Tax Expense	161.43	178.29	168.21	176.08	219.5	254.85
Net Income	385.11	522.08	574.04	639.89	763.27	882.84
Net Income to Common	385.11	522.08	574.04	639.89	763.27	882.84
Net Income Growth	-29.95%	-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)	0.24	0.33	0.36	0.40	0.48	0.57
EPS (Diluted)	0.24	0.33	0.36	0.40	0.48	0.57
EPS Growth	-29.97%	-9.03%	-10.30%	-16.16%	-15.72%	28.37%
Free Cash Flow	443.98	341.16	-50.67	166.44	-103.39	208.45
Free Cash Flow Per Share	0.28	0.21	-0.03	0.10	-0.07	0.13
Dividend Per Share	0.130	0.250	0.180	0.333	0.357	0.425
Dividend Growth	-56.67%	38.89%	-46.00%	-6.67%	-16.00%	-0.02%
Gross Margin	22.77%	23.39%	22.79%	23.98%	26.28%	29.97%
Operating Margin	9.99%	11.50%	10.93%	12.19%	14.35%	18.10%
Profit Margin	7.02%	8.58%	8.49%	9.57%	12.05%	14.80%
Free Cash Flow Margin	8.09%	5.61%	-0.75%	2.49%	-1.63%	3.50%
EBITDA	801.19	933.37	945.82	968.72	1,051	1,209
EBITDA Margin	14.60%	15.33%	13.99%	14.49%	16.58%	20.27%
D&A For EBITDA	252.85	233.21	207.03	153.37	141.48	129.15
EBIT	548.34	700.16	738.79	815.34	909.17	1,079
EBIT Margin	9.99%	11.50%	10.93%	12.19%	14.35%	18.10%
Effective Tax Rate	29.54%	25.46%	22.66%	21.58%	22.34%	22.40%
Revenue as Reported	5,488	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.