Qingdao Foods 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Operating Revenue	550.24	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	554.02	525.86	489.31	493.81	434.05	480.44
Revenue Growth (YoY)	9.06%	7.47%	-0.91%	13.77%	-9.66%	-0.50%
Cost of Revenue	347.6	339.46	341.56	336.43	297.1	334.47
Gross Profit	206.41	186.4	147.75	157.38	136.95	145.97
Selling, General & Admin	69.63	65.66	52.7	56.65	53.9	50.23
Research & Development	5.16	2.94	1.62	1.68	2.13	1.86
Other Operating Expenses	6.81	6.46	5.81	6.19	5.11	5.73
Operating Expenses	82.58	75.54	60.06	64.23	60.83	57.99
Operating Income	123.83	110.86	87.69	93.15	76.12	87.98
Interest & Investment Income	11.28	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)	0.94	2	-0.11	-1.99	-0.2	-0.23
EBT Excluding Unusual Items	136.46	126.52	111.33	113.33	84.59	105.18
Gain (Loss) on Sale of Investments	4.89	5.06	2.08	2.96	3.26	0.75
Gain (Loss) on Sale of Assets	0.04	-	0.02	-	-	-
Asset Writedown	-0.83	-	-0.01	-0.32	-0	-0.09
Other Unusual Items	0.62	0.62	1.64	5.95	2.34	-0.62
Pretax Income	141.18	132.19	115.06	121.92	90.18	105.3
Income Tax Expense	37.42	34.72	28.96	30.5	22.15	26.21
Net Income	103.65	97.48	86.11	91.43	68.04	79.1
Net Income to Common	103.65	97.48	86.11	91.43	68.04	79.1
Net Income Growth	5.94%	13.20%	-5.82%	34.38%	-13.98%	5.27%
Shares Outstanding (Basic)	192	195	195	195	154	146
Shares Outstanding (Diluted)	192	195	195	195	154	146
Shares Change (YoY)	-1.28%	-	-	26.33%	5.56%	-
EPS (Basic)	0.54	0.50	0.44	0.47	0.44	0.54
EPS (Diluted)	0.54	0.50	0.44	0.47	0.44	0.54
EPS Growth	7.66%	13.62%	-6.17%	7.08%	-19.05%	5.27%
Free Cash Flow	150.57	86.38	67.54	95.87	60.26	71
Free Cash Flow Per Share	0.78	0.44	0.35	0.49	0.39	0.49
Dividend Per Share	0.400	0.300	0.300	0.177	0.137	0.228
Dividend Growth	33.33%	-	69.01%	30.04%	-40.03%	-
Gross Margin	37.26%	35.45%	30.20%	31.87%	31.55%	30.38%
Operating Margin	22.35%	21.08%	17.92%	18.86%	17.54%	18.31%
Profit Margin	18.71%	18.54%	17.60%	18.52%	15.68%	16.46%
Free Cash Flow Margin	27.18%	16.43%	13.80%	19.41%	13.88%	14.78%
EBITDA	128.62	116.75	95.03	100.54	83.72	96.15
EBITDA Margin	23.22%	22.20%	19.42%	20.36%	19.29%	20.01%
D&A For EBITDA	4.79	5.89	7.35	7.39	7.6	8.17
EBIT	123.83	110.86	87.69	93.15	76.12	87.98
EBIT Margin	22.35%	21.08%	17.92%	18.86%	17.54%	18.31%
Effective Tax Rate	26.51%	26.26%	25.16%	25.01%	24.56%	24.89%
Revenue as Reported	554.02	525.86	489.31	493.81	434.05	480.44
Advertising Expenses	-	15.24	6.67	6.23	6.61	8.87

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