Qingdao Foods 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Operating Revenue	557.57	540.19	522.08	487.07	491.07	430.28
Other Revenue	4.95	4.95	3.78	2.24	2.74	3.77
Revenue	562.52	545.14	525.86	489.31	493.81	434.05
Revenue Growth (YoY)	6.39%	3.67%	7.47%	-0.91%	13.77%	-9.66%
Cost of Revenue	339.85	331.2	339.46	341.56	336.43	297.1
Gross Profit	222.68	213.95	186.4	147.75	157.38	136.95
Selling, General & Admin	87.61	80.93	65.66	52.7	56.65	53.9
Research & Development	5.02	5.11	2.94	1.62	1.68	2.13
Other Operating Expenses	7.03	6.95	6.46	5.81	6.19	5.11
Operating Expenses	99.22	92.56	75.54	60.06	64.23	60.83
Operating Income	123.46	121.39	110.86	87.69	93.15	76.12
Interest Expense	-0.84	-0.84	-	-	-	-
Interest & Investment Income	21.57	20.34	13.24	23.67	22.01	8.85
Currency Exchange Gain (Loss)	-1.53	-1.53	0.42	0.09	0.16	-0.18
Other Non Operating Income (Expenses)	-1.39	-0.24	2	-0.11	-1.99	-0.2
EBT Excluding Unusual Items	141.27	139.11	126.52	111.33	113.33	84.59
Gain (Loss) on Sale of Investments	7.91	7.09	5.06	2.08	2.96	3.26
Gain (Loss) on Sale of Assets	0.02	0.07	-	0.02	-	-
Asset Writedown	-0.06	-0.06	-	-0.01	-0.32	-0
Other Unusual Items	0.45	0.45	0.62	1.64	5.95	2.34
Pretax Income	149.58	146.65	132.19	115.06	121.92	90.18
Income Tax Expense	36.87	35.73	34.72	28.96	30.5	22.15
Earnings From Continuing Operations	112.71	110.93	97.48	86.11	91.43	68.04
Minority Interest in Earnings	-0.07	-0.05	-	-	-	-
Net Income	112.64	110.87	97.48	86.11	91.43	68.04
Net Income to Common	112.64	110.87	97.48	86.11	91.43	68.04
Net Income Growth	14.29%	13.74%	13.20%	-5.82%	34.38%	-13.98%
Shares Outstanding (Basic)	195	195	195	195	195	154
Shares Outstanding (Diluted)	195	195	195	195	195	154
Shares Change (YoY)	-0.59%	-	-	-	26.33%	5.56%
EPS (Basic)	0.58	0.57	0.50	0.44	0.47	0.44
EPS (Diluted)	0.58	0.57	0.50	0.44	0.47	0.44
EPS Growth	14.97%	13.74%	13.62%	-6.17%	7.08%	-19.05%
Free Cash Flow	103.11	97.71	86.38	67.54	95.87	60.26
Free Cash Flow Per Share	0.53	0.50	0.44	0.35	0.49	0.39
Dividend Per Share	0.350	0.350	0.300	0.300	0.177	0.137
Dividend Growth	16.67%	16.67%	-	69.01%	30.04%	-40.03%
Gross Margin	39.59%	39.25%	35.45%	30.20%	31.87%	31.55%
Operating Margin	21.95%	22.27%	21.08%	17.92%	18.86%	17.54%
Profit Margin	20.02%	20.34%	18.54%	17.60%	18.52%	15.68%
Free Cash Flow Margin	18.33%	17.92%	16.43%	13.80%	19.41%	13.88%
EBITDA	129.89	127.86	117.49	95.03	100.54	83.72
EBITDA Margin	23.09%	23.45%	22.34%	19.42%	20.36%	19.29%
D&A For EBITDA	6.43	6.47	6.62	7.35	7.39	7.6
EBIT	123.46	121.39	110.86	87.69	93.15	76.12
EBIT Margin	21.95%	22.27%	21.08%	17.92%	18.86%	17.54%
Effective Tax Rate	24.65%	24.36%	26.26%	25.16%	25.01%	24.56%
Revenue as Reported	545.14	545.14	525.86	489.31	493.81	434.05
Advertising Expenses	-	24.61	15.24	6.67	6.23	6.61

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