Ganyuan 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	2,187	2,073	2,247	1,837	1,443	1,289
Other Revenue	22.84	22.84	10.39	10.81	7.66	4.57
Revenue	2,209	2,096	2,257	1,848	1,451	1,294
Revenue Growth (YoY)	1.57%	-7.15%	22.18%	27.36%	12.11%	10.38%
Cost of Revenue	1,450	1,373	1,460	1,183	956.11	840.23
Gross Profit	759.09	722.67	797.21	664.54	494.57	453.76
Selling, General & Admin	483.11	466.56	370.62	282.26	269.04	266.91
Research & Development	30.87	30.32	32.15	23.25	22.54	15.15
Other Operating Expenses	18.38	14.51	4.25	18.45	16.8	14.33
Operating Expenses	533.58	510.9	411.31	324.38	308.8	296.68
Operating Income	225.52	211.78	385.89	340.16	185.77	157.08
Interest Expense	-0.6	-0.8	-0.81	-0.18	-0.18	-0.34
Interest & Investment Income	10.63	11.98	18.49	24.88	18.88	24.85
Currency Exchange Gain (Loss)	-0.92	-0.92	-0.12	0.02	0.04	-0.03
Other Non Operating Income (Expenses)	0.04	-0.15	-0.72	-0.26	-0.64	-0.24
EBT Excluding Unusual Items	234.66	221.88	402.72	364.63	203.87	181.31
Gain (Loss) on Sale of Investments	1.82	1.27	4.61	2.67	0.53	2.87
Gain (Loss) on Sale of Assets	-0.01	-0.03	0.2	0.06	-6	-
Asset Writedown	-1.89	-1.89	-1.32	-3.7	-4	-5.86
Legal Settlements	0.54	0.54	0.63	1.01	1.04	0.2
Other Unusual Items	20.29	20.12	33.27	38.07	12.62	20.44
Pretax Income	255.42	241.88	440.11	402.73	208.06	198.95
Income Tax Expense	34.51	34.18	63.92	73.67	49.72	45.3
Earnings From Continuing Operations	220.91	207.71	376.19	329.06	158.34	153.65
Minority Interest in Earnings	1.1	0.73	-	-	-	-
Net Income	222.01	208.43	376.19	329.06	158.34	153.65
Net Income to Common	222.01	208.43	376.19	329.06	158.34	153.65
Net Income Growth	-34.25%	-44.59%	14.32%	107.82%	3.05%	-14.29%
Shares Outstanding (Basic)	91	91	91	92	92	93
Shares Outstanding (Diluted)	91	91	91	92	92	93
Shares Change (YoY)	-0.20%	-0.27%	-1.14%	-0.15%	-1.14%	16.88%
EPS (Basic)	2.45	2.30	4.14	3.58	1.72	1.65
EPS (Diluted)	2.45	2.30	4.14	3.58	1.72	1.65
EPS Growth	-34.12%	-44.44%	15.64%	108.14%	4.24%	-26.67%
Free Cash Flow	210.6	134.6	58.86	83.48	184.24	-74.6
Free Cash Flow Per Share	2.33	1.49	0.65	0.91	2.00	-0.80
Dividend Per Share	1.593	1.593	2.876	2.180	1.073	1.088
Dividend Growth	-44.61%	-44.61%	31.93%	103.17%	-1.38%	45.07%
Gross Margin	34.36%	34.48%	35.32%	35.97%	34.09%	35.07%
Operating Margin	10.21%	10.10%	17.10%	18.41%	12.80%	12.14%
Profit Margin	10.05%	9.95%	16.67%	17.81%	10.91%	11.87%
Free Cash Flow Margin	9.53%	6.42%	2.61%	4.52%	12.70%	-5.76%
EBITDA	293.08	276.99	441.68	391.52	237.8	196.13
EBITDA Margin	13.27%	13.22%	19.57%	21.19%	16.39%	15.16%
D&A For EBITDA	67.57	65.21	55.78	51.36	52.03	39.05
EBIT	225.52	211.78	385.89	340.16	185.77	157.08
EBIT Margin	10.21%	10.10%	17.10%	18.41%	12.80%	12.14%
Effective Tax Rate	13.51%	14.13%	14.52%	18.29%	23.90%	22.77%
Revenue as Reported	2,209	2,096	2,257	1,848	1,451	1,294
Advertising Expenses	-	7.94	-	-	-	-

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