Qingdao Foods Co., Ltd. (SHE:001219)

Qingdao Foods 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	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	524.97	522.08	487.07	491.07	430.28	476.91
Other Revenue	3.78	3.78	2.24	2.74	3.77	3.53
Revenue	528.75	525.86	489.31	493.81	434.05	480.44
Revenue Growth (YoY)	7.85%	7.47%	-0.91%	13.77%	-9.66%	-0.50%
Cost of Revenue	335.77	339.46	341.56	336.43	297.1	334.47
Gross Profit	192.98	186.4	147.75	157.38	136.95	145.97
Selling, General & Admin	67.96	65.66	52.7	56.65	53.9	50.23
Research & Development	4.12	2.94	1.62	1.68	2.13	1.86
Other Operating Expenses	6.41	6.46	5.81	6.19	5.11	5.73
Operating Expenses	78.97	75.54	60.06	64.23	60.83	57.99
Operating Income	114.01	110.86	87.69	93.15	76.12	87.98
Interest & Investment Income	10.8	13.24	23.67	22.01	8.85	17.74
Currency Exchange Gain (Loss)	0.42	0.42	0.09	0.16	-0.18	-0.31
Other Non Operating Income (Expenses)	1.99	2	-0.11	-1.99	-0.2	-0.23
EBT Excluding Unusual Items	127.21	126.52	111.33	113.33	84.59	105.18
Gain (Loss) on Sale of Investments	4.9	5.06	2.08	2.96	3.26	0.75
Gain (Loss) on Sale of Assets	-0.02	-	0.02	-	-	-
Asset Writedown	-	-	-0.01	-0.32	-0	-0.09
Other Unusual Items	0.7	0.62	1.64	5.95	2.34	-0.62
Pretax Income	132.79	132.19	115.06	121.92	90.18	105.3
Income Tax Expense	34.24	34.72	28.96	30.5	22.15	26.21
Net Income	98.56	97.48	86.11	91.43	68.04	79.1
Net Income to Common	98.56	97.48	86.11	91.43	68.04	79.1
Net Income Growth	12.14%	13.20%	-5.82%	34.38%	-13.98%	5.27%
Shares Outstanding (Basic)	195	195	195	195	154	146
Shares Outstanding (Diluted)	195	195	195	195	154	146
Shares Change (YoY)	-0.10%	-	-	26.33%	5.56%	-
EPS (Basic)	0.51	0.50	0.44	0.47	0.44	0.54
EPS (Diluted)	0.51	0.50	0.44	0.47	0.44	0.54
EPS Growth	12.66%	13.62%	-6.17%	7.08%	-19.05%	5.27%
Free Cash Flow	90.56	86.38	67.54	95.87	60.26	71
Free Cash Flow Per Share	0.46	0.44	0.35	0.49	0.39	0.49
Dividend Per Share	0.300	0.300	0.300	0.177	0.137	0.228
Dividend Growth	-	-	69.01%	30.04%	-40.03%	-
Gross Margin	36.50%	35.45%	30.20%	31.87%	31.55%	30.38%
Operating Margin	21.56%	21.08%	17.92%	18.86%	17.54%	18.31%
Profit Margin	18.64%	18.54%	17.60%	18.52%	15.68%	16.46%
Free Cash Flow Margin	17.13%	16.43%	13.80%	19.41%	13.88%	14.78%
EBITDA	119.53	116.75	95.03	100.54	83.72	96.15
EBITDA Margin	22.61%	22.20%	19.42%	20.36%	19.29%	20.01%
D&A For EBITDA	5.52	5.89	7.35	7.39	7.6	8.17
EBIT	114.01	110.86	87.69	93.15	76.12	87.98
EBIT Margin	21.56%	21.08%	17.92%	18.86%	17.54%	18.31%
Effective Tax Rate	25.78%	26.26%	25.16%	25.01%	24.56%	24.89%
Revenue as Reported	528.75	525.86	489.31	493.81	434.05	480.44
Advertising Expenses	-	15.24	6.67	6.23	6.61	8.87

Updated Oct 28, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.