Qingdao Foods Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	545.14	522.08	487.07	491.07	430.28
Other Revenue	-	3.78	2.24	2.74	3.77
Revenue	545.14	525.86	489.31	493.81	434.05
Revenue Growth (YoY)	3.67%	7.47%	-0.91%	13.77%	-9.66%
Cost of Revenue	329.08	339.46	341.56	336.43	297.1
Gross Profit	216.06	186.4	147.75	157.38	136.95
Selling, General & Admin	82.04	65.66	52.7	56.65	53.9
Research & Development	5.11	2.94	1.62	1.68	2.13
Other Operating Expenses	6.61	6.46	5.81	6.19	5.11
Operating Expenses	93.76	75.54	60.06	64.23	60.83
Operating Income	122.3	110.86	87.69	93.15	76.12
Interest & Investment Income	15.88	13.24	23.67	22.01	8.85
Currency Exchange Gain (Loss)	-	0.42	0.09	0.16	-0.18
Other Non Operating Income (Expenses)	2.32	2	-0.11	-1.99	-0.2
EBT Excluding Unusual Items	140.5	126.52	111.33	113.33	84.59
Gain (Loss) on Sale of Investments	9.37	5.06	2.08	2.96	3.26
Gain (Loss) on Sale of Assets	0.07	-	0.02	-	-
Asset Writedown	-3.28	-	-0.01	-0.32	-0
Other Unusual Items	-	0.62	1.64	5.95	2.34
Pretax Income	146.65	132.19	115.06	121.92	90.18
Income Tax Expense	35.73	34.72	28.96	30.5	22.15
Earnings From Continuing Operations	110.93	97.48	86.11	91.43	68.04
Minority Interest in Earnings	-0.05	-	-	-	-
Net Income	110.87	97.48	86.11	91.43	68.04
Net Income to Common	110.87	97.48	86.11	91.43	68.04
Net Income Growth	13.74%	13.20%	-5.82%	34.38%	-13.98%
Shares Outstanding (Basic)	195	195	195	195	154
Shares Outstanding (Diluted)	195	195	195	195	154
Shares Change (YoY)	-0.24%	-	-	26.33%	5.56%
EPS (Basic)	0.57	0.50	0.44	0.47	0.44
EPS (Diluted)	0.57	0.50	0.44	0.47	0.44
EPS Growth	14.02%	13.62%	-6.17%	7.08%	-19.05%
Free Cash Flow	97.71	86.38	67.54	95.87	60.26
Free Cash Flow Per Share	0.50	0.44	0.35	0.49	0.39
Dividend Per Share	-	0.300	0.300	0.177	0.137
Dividend Growth	-	-	69.01%	30.04%	-40.03%
Gross Margin	39.63%	35.45%	30.20%	31.87%	31.55%
Operating Margin	22.43%	21.08%	17.92%	18.86%	17.54%
Profit Margin	20.34%	18.54%	17.60%	18.52%	15.68%
Free Cash Flow Margin	17.92%	16.43%	13.80%	19.41%	13.88%
EBITDA	129.35	116.75	95.03	100.54	83.72
EBITDA Margin	23.73%	22.20%	19.42%	20.36%	19.29%
D&A For EBITDA	7.05	5.89	7.35	7.39	7.6
EBIT	122.3	110.86	87.69	93.15	76.12
EBIT Margin	22.43%	21.08%	17.92%	18.86%	17.54%
Effective Tax Rate	24.36%	26.26%	25.16%	25.01%	24.56%
Revenue as Reported	-	525.86	489.31	493.81	434.05
Advertising Expenses	-	15.24	6.67	6.23	6.61

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.