Tongqinglou Catering 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	2,547	2,516	2,124	1,482	1,448	1,180
Other Revenue	9.33	9.33	277.39	188.92	160.55	115.59
Revenue	2,556	2,525	2,401	1,670	1,608	1,296
Revenue Growth (YoY)	-1.06%	5.14%	43.76%	3.86%	24.11%	-11.41%
Cost of Revenue	2,116	2,041	1,762	1,364	1,269	985.73
Gross Profit	440.16	483.79	639.28	306.18	339.24	310.19
Selling, General & Admin	254.8	267.69	263.4	180.44	153.44	92.3
Research & Development	3.7	2.3	2.51	2.22	1.95	0.39
Other Operating Expenses	9.15	10.89	-2.12	-5.4	-6.36	0.47
Operating Expenses	266.5	281.86	264.12	178.61	149.08	93.31
Operating Income	173.67	201.93	375.16	127.57	190.16	216.87
Interest Expense	-75.71	-62.79	-39.91	-28.57	-26.4	-0.94
Interest & Investment Income	0.15	0.53	5.96	16.56	25.85	14.89
Other Non Operating Income (Expenses)	-7.99	-6.41	-3.17	-7.93	-7.09	-1.45
EBT Excluding Unusual Items	90.12	133.26	338.05	107.62	182.52	229.38
Gain (Loss) on Sale of Investments	0.16	0.01	0.55	0.9	4.38	3.06
Gain (Loss) on Sale of Assets	-0.39	5.54	50.96	6.73	3.75	59.78
Asset Writedown	-0.43	-0.4	-0.45	-1.79	-0.88	-0.66
Other Unusual Items	2.75	2.75	8.68	9.86	3.6	-43.5
Pretax Income	92.21	141.16	397.78	123.32	193.38	248.05
Income Tax Expense	45.33	41.08	93.67	29.72	49.31	62.94
Net Income	46.89	100.08	304.11	93.6	144.06	185.11
Net Income to Common	46.89	100.08	304.11	93.6	144.06	185.11
Net Income Growth	-74.58%	-67.09%	224.91%	-35.03%	-22.17%	-6.32%
Shares Outstanding (Basic)	250	257	260	260	262	223
Shares Outstanding (Diluted)	250	257	260	260	262	223
Shares Change (YoY)	-3.94%	-1.27%	-0.03%	-0.74%	17.56%	14.50%
EPS (Basic)	0.19	0.39	1.17	0.36	0.55	0.83
EPS (Diluted)	0.19	0.39	1.17	0.36	0.55	0.83
EPS Growth	-73.54%	-66.67%	225.00%	-34.54%	-33.80%	-18.18%
Free Cash Flow	-324.89	-680.34	-573.12	-185.19	-185.18	-41.56
Free Cash Flow Per Share	-1.30	-2.65	-2.21	-0.71	-0.71	-0.19
Dividend Per Share	0.120	0.120	0.410	0.075	0.280	0.077
Dividend Growth	-70.73%	-70.73%	446.67%	-73.21%	264.11%	-
Gross Margin	17.22%	19.16%	26.62%	18.33%	21.09%	23.94%
Operating Margin	6.79%	8.00%	15.62%	7.64%	11.82%	16.73%
Profit Margin	1.83%	3.96%	12.66%	5.60%	8.96%	14.28%
Free Cash Flow Margin	-12.71%	-26.95%	-23.87%	-11.09%	-11.51%	-3.21%
EBITDA	391.58	377.6	494.51	209.45	257.8	260.18
EBITDA Margin	15.32%	14.95%	20.59%	12.54%	16.03%	20.08%
D&A For EBITDA	217.91	175.67	119.35	81.89	67.64	43.3
EBIT	173.67	201.93	375.16	127.57	190.16	216.87
EBIT Margin	6.79%	8.00%	15.62%	7.64%	11.82%	16.73%
Effective Tax Rate	49.16%	29.10%	23.55%	24.10%	25.50%	25.37%
Revenue as Reported	2,556	2,525	2,401	1,670	1,608	1,296
Advertising Expenses	-	60.65	43.45	20.01	20.89	10.8

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