Tongqinglou Catering Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	2,700	2,675	2,516	2,124	1,482	1,448
Other Revenue	5.95	5.95	9.33	277.39	188.92	160.55
Revenue	2,706	2,681	2,525	2,401	1,670	1,608
Revenue Growth (YoY)	7.12%	6.17%	5.14%	43.76%	3.86%	24.11%
Cost of Revenue	2,220	2,164	2,041	1,762	1,364	1,269
Gross Profit	485.44	517.1	483.79	639.28	306.18	339.24
Selling, General & Admin	273.35	271.75	267.69	263.4	180.44	153.44
Research & Development	2.78	2.31	2.3	2.51	2.22	1.95
Other Operating Expenses	13.93	11.39	10.89	-2.12	-5.4	-6.36
Operating Expenses	292.15	287.54	281.86	264.12	178.61	149.08
Operating Income	193.29	229.55	201.93	375.16	127.57	190.16
Interest Expense	-78.13	-78.13	-62.79	-39.91	-28.57	-26.4
Interest & Investment Income	0.32	0.33	0.53	5.96	16.56	25.85
Other Non Operating Income (Expenses)	-13.75	-9.42	-6.41	-3.17	-7.93	-7.09
EBT Excluding Unusual Items	101.73	142.33	133.26	338.05	107.62	182.52
Gain (Loss) on Sale of Investments	0.01	-	0.01	0.55	0.9	4.38
Gain (Loss) on Sale of Assets	0.12	2.62	5.54	50.96	6.73	3.75
Asset Writedown	0.03	0.02	-0.4	-0.45	-1.79	-0.88
Other Unusual Items	4.33	4.33	2.75	8.68	9.86	3.6
Pretax Income	106.22	149.31	141.16	397.78	123.32	193.38
Income Tax Expense	39.15	47.18	41.08	93.67	29.72	49.31
Net Income	67.07	102.13	100.08	304.11	93.6	144.06
Net Income to Common	67.07	102.13	100.08	304.11	93.6	144.06
Net Income Growth	-22.02%	2.04%	-67.09%	224.91%	-35.03%	-22.17%
Shares Outstanding (Basic)	267	262	257	260	260	262
Shares Outstanding (Diluted)	267	262	257	260	260	262
Shares Change (YoY)	4.48%	2.04%	-1.27%	-0.03%	-0.74%	17.56%
EPS (Basic)	0.25	0.39	0.39	1.17	0.36	0.55
EPS (Diluted)	0.25	0.39	0.39	1.17	0.36	0.55
EPS Growth	-25.36%	-	-66.67%	225.00%	-34.54%	-33.80%
Free Cash Flow	-322.19	-258.51	-680.34	-573.12	-185.19	-185.18
Free Cash Flow Per Share	-1.21	-0.99	-2.65	-2.21	-0.71	-0.71
Dividend Per Share	0.120	0.120	0.120	0.410	0.075	0.280
Dividend Growth	-	-	-70.73%	446.67%	-73.21%	264.11%
Gross Margin	17.94%	19.29%	19.16%	26.62%	18.33%	21.09%
Operating Margin	7.14%	8.56%	8.00%	15.62%	7.64%	11.82%
Profit Margin	2.48%	3.81%	3.96%	12.66%	5.60%	8.96%
Free Cash Flow Margin	-11.91%	-9.64%	-26.95%	-23.87%	-11.09%	-11.51%
EBITDA	412.29	440.16	378.94	494.51	209.45	257.8
EBITDA Margin	15.24%	16.42%	15.01%	20.59%	12.54%	16.03%
D&A For EBITDA	219	210.6	177.01	119.35	81.89	67.64
EBIT	193.29	229.55	201.93	375.16	127.57	190.16
EBIT Margin	7.14%	8.56%	8.00%	15.62%	7.64%	11.82%
Effective Tax Rate	36.86%	31.60%	29.10%	23.55%	24.10%	25.50%
Revenue as Reported	2,681	2,681	2,525	2,401	1,670	1,608
Advertising Expenses	-	71.6	60.65	43.45	20.01	20.89

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