Springsnow Food Group Co., Ltd. (SHA:605567)

Springsnow Food Group 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	2,571	2,505	2,787	2,486	2,022	1,853
Other Revenue	9.29	9.29	9.07	9.3	11.84	9.64
Revenue	2,580	2,514	2,796	2,495	2,033	1,863
Revenue Growth (YoY)	-2.12%	-10.08%	12.07%	22.71%	9.15%	-4.11%
Cost of Revenue	2,389	2,344	2,656	2,264	1,855	1,616
Gross Profit	191.78	170.46	140.48	231.52	177.91	246.47
Selling, General & Admin	136.08	136.09	136.52	123.86	91.82	93.86
Research & Development	12.25	10.95	8.96	6.74	3.75	3.72
Other Operating Expenses	12.6	12.53	12.68	9.56	7.67	9.32
Operating Expenses	162.35	157.45	160.45	141.63	102.04	104.68
Operating Income	29.43	13.01	-19.97	89.89	75.87	141.8
Interest Expense	-11.98	-12.62	-10.17	-9.09	-12.27	-16.94
Interest & Investment Income	7.98	8.91	7.78	6.69	1.94	1.42
Currency Exchange Gain (Loss)	9.07	9.07	2.87	5.46	-1.6	-2.64
Other Non Operating Income (Expenses)	-0.91	-0.55	0.98	-7.83	-1.56	-3.78
EBT Excluding Unusual Items	33.58	17.82	-18.51	85.12	62.38	119.85
Gain (Loss) on Sale of Assets	-0.51	-0.67	-2.2	-0.22	0	48.66
Asset Writedown	0.41	-	-	-	-	-
Other Unusual Items	3.58	3.58	5.3	6.85	5.49	5.9
Pretax Income	37.06	20.72	-15.41	91.75	67.87	174.41
Income Tax Expense	11.75	12.56	19.27	12.5	11.29	25.97
Net Income	25.31	8.17	-34.69	79.25	56.58	148.44
Net Income to Common	25.31	8.17	-34.69	79.25	56.58	148.44
Net Income Growth	-	-	-	40.07%	-61.88%	52.20%
Shares Outstanding (Basic)	201	204	204	198	162	150
Shares Outstanding (Diluted)	201	204	204	198	162	150
Shares Change (YoY)	-0.14%	0.05%	2.98%	22.56%	7.82%	-0.07%
EPS (Basic)	0.13	0.04	-0.17	0.40	0.35	0.99
EPS (Diluted)	0.13	0.04	-0.17	0.40	0.35	0.99
EPS Growth	-	-	-	14.29%	-64.65%	52.31%
Free Cash Flow	-64.3	-20.38	-119.11	-233.02	-77.52	75.17
Free Cash Flow Per Share	-0.32	-0.10	-0.58	-1.18	-0.48	0.50
Dividend Per Share	0.100	0.100	-	0.150	0.100	-
Dividend Growth	-	-	-	50.00%	-	-
Gross Margin	7.43%	6.78%	5.02%	9.28%	8.75%	13.23%
Operating Margin	1.14%	0.52%	-0.71%	3.60%	3.73%	7.61%
Profit Margin	0.98%	0.33%	-1.24%	3.18%	2.78%	7.97%
Free Cash Flow Margin	-2.49%	-0.81%	-4.26%	-9.34%	-3.81%	4.04%
EBITDA	111.86	91.01	40.32	130.68	110.55	173.85
EBITDA Margin	4.33%	3.62%	1.44%	5.24%	5.44%	9.33%
D&A For EBITDA	82.42	78	60.29	40.79	34.68	32.05
EBIT	29.43	13.01	-19.97	89.89	75.87	141.8
EBIT Margin	1.14%	0.52%	-0.71%	3.60%	3.73%	7.61%
Effective Tax Rate	31.71%	60.60%	-	13.62%	16.64%	14.89%
Revenue as Reported	2,580	2,514	2,796	2,495	2,033	1,863
Advertising Expenses	-	17.47	21.82	16.3	12.82	10.05

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