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	Jun '26 Jun 30, 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	558.52	540.19	522.08	487.07	491.07	430.28
Other Revenue	1.52	4.95	3.78	2.24	2.74	3.77
Revenue	560.04	545.14	525.86	489.31	493.81	434.05
Revenue Growth	3.68%	3.67%	7.47%	-0.91%	13.77%	-9.66%
Cost of Revenue	333.95	331.2	339.46	341.56	336.43	297.1
Gross Profit	226.08	213.95	186.4	147.75	157.38	136.95
Selling, General & Admin	90.93	80.93	65.66	52.7	56.65	53.9
Research & Development	5.25	5.11	2.94	1.62	1.68	2.13
Other Operating Expenses	6.86	6.95	6.46	5.81	6.19	5.11
Operating Expenses	102.83	92.56	75.54	60.06	64.23	60.83
Operating Income	123.26	121.39	110.86	87.69	93.15	76.12
Interest Expense	-0.84	-0.84	-	-	-	-
Interest & Investment Income	19.91	20.34	13.24	23.67	22.01	8.85
Currency Exchange Gain (Loss)	-1.29	-1.53	0.42	0.09	0.16	-0.18
Other Non Operating Income (Expenses)	-0.5	-0.24	2	-0.11	-1.99	-0.2
EBT Excluding Unusual Items	140.53	139.11	126.52	111.33	113.33	84.59
Gain (Loss) on Sale of Investments	7.57	7.09	5.06	2.08	2.96	3.26
Gain (Loss) on Sale of Assets	-0.04	0.07	-	0.02	-	-
Asset Writedown	0.13	-0.06	-	-0.01	-0.32	-0
Other Unusual Items	1.46	0.45	0.62	1.64	5.95	2.34
Pretax Income	149.64	146.65	132.19	115.06	121.92	90.18
Income Tax Expense	37.83	35.73	34.72	28.96	30.5	22.15
Earnings From Continuing Operations	111.81	110.93	97.48	86.11	91.43	68.04
Minority Interest in Earnings	-0.06	-0.05	-	-	-	-
Net Income	111.75	110.87	97.48	86.11	91.43	68.04
Net Income to Common	111.75	110.87	97.48	86.11	91.43	68.04
Net Income Growth	9.39%	13.74%	13.20%	-5.82%	34.38%	-13.98%
Shares Outstanding (Basic)	193	195	195	195	195	154
Shares Outstanding (Diluted)	193	195	195	195	195	154
Shares Change	-2.25%	-	-	-	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	11.91%	13.74%	13.62%	-6.17%	7.08%	-19.05%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	60.22	97.71	86.38	67.54	95.87	60.26
Free Cash Flow Per Share	0.31	0.50	0.44	0.35	0.49	0.39
Dividend Per Share	0.250	0.350	0.300	0.300	0.177	0.137
Dividend Growth	-37.50%	16.67%	0%	69.01%	30.04%	-40.03%
Gross Margin	40.37%	39.25%	35.45%	30.20%	31.87%	31.55%
Operating Margin	22.01%	22.27%	21.08%	17.92%	18.86%	17.54%
Profit Margin	19.96%	20.34%	18.54%	17.60%	18.52%	15.68%
Free Cash Flow Margin	10.75%	17.92%	16.43%	13.80%	19.41%	13.88%
EBITDA	130.04	127.86	117.49	95.03	100.54	83.72
EBITDA Margin	23.22%	23.45%	22.34%	19.42%	20.36%	19.29%
D&A For EBITDA	6.78	6.47	6.62	7.35	7.39	7.6
EBIT	123.26	121.39	110.86	87.69	93.15	76.12
EBIT Margin	22.01%	22.27%	21.08%	17.92%	18.86%	17.54%
Effective Tax Rate	25.28%	24.36%	26.26%	25.16%	25.01%	24.56%
Revenue as Reported	268.62	545.14	525.86	489.31	493.81	434.05
Advertising Expenses	-	24.61	15.24	6.67	6.23	6.61