Zhongjing Food 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	1,075	1,088	991.38	879.1	806.24	724.21
Other Revenue	10.04	10.04	2.87	2.55	-	2.46
Revenue	1,085	1,098	994.25	881.65	806.24	726.67
Revenue Growth (YoY)	-1.28%	10.40%	12.77%	9.35%	10.95%	15.68%
Cost of Revenue	620.75	643.28	586.95	561.36	494.73	427.86
Gross Profit	463.8	454.37	407.3	320.29	311.51	298.81
Selling, General & Admin	225.92	228.38	195.91	182.9	169.67	130.15
Research & Development	40.6	37.81	32.7	31.63	32.42	25.78
Other Operating Expenses	10.72	7.92	1.77	-8.43	5.48	6.46
Operating Expenses	277.75	274.96	230.28	207.7	207.74	162.39
Operating Income	186.05	179.41	177.02	112.59	103.77	136.43
Interest Expense	-0.1	-0.73	-0.47	-1.28	-0.33	-0.88
Interest & Investment Income	12.25	15.22	22.51	29.3	26.16	2.74
Currency Exchange Gain (Loss)	-	-	-	-0	0.01	-0
Other Non Operating Income (Expenses)	-1.45	0.4	0.62	2.34	-0.03	-0.15
EBT Excluding Unusual Items	196.75	194.3	199.68	142.96	129.58	138.14
Gain (Loss) on Sale of Investments	0.39	0.38	-	-	-	-
Gain (Loss) on Sale of Assets	3.79	3.59	-	-0.04	-0.69	-0.14
Asset Writedown	0.01	-0	-	-0.06	-	0.06
Other Unusual Items	3.78	3.78	-	-	6.01	9.46
Pretax Income	204.72	202.05	199.68	142.85	134.9	147.53
Income Tax Expense	24.57	26.65	27.4	16.98	16.43	19.58
Earnings From Continuing Operations	180.14	175.4	172.29	125.87	118.47	127.95
Minority Interest in Earnings	-	-	-	0.15	0.12	0.03
Net Income	180.14	175.4	172.29	126.02	118.59	127.97
Net Income to Common	180.14	175.4	172.29	126.02	118.59	127.97
Net Income Growth	-0.73%	1.81%	36.71%	6.27%	-7.33%	39.65%
Shares Outstanding (Basic)	146	146	146	146	145	113
Shares Outstanding (Diluted)	146	146	146	146	145	113
Shares Change (YoY)	0.11%	0.11%	-0.01%	0.37%	29.26%	2.63%
EPS (Basic)	1.23	1.20	1.18	0.86	0.82	1.14
EPS (Diluted)	1.23	1.20	1.18	0.86	0.82	1.14
EPS Growth	-0.84%	1.70%	36.73%	5.88%	-28.31%	36.07%
Free Cash Flow	101.8	27.39	-31.24	59.5	-116.18	73.8
Free Cash Flow Per Share	0.70	0.19	-0.21	0.41	-0.80	0.66
Dividend Per Share	0.800	1.000	0.685	0.685	0.343	0.343
Dividend Growth	-9.59%	46.01%	-	99.97%	-	-
Gross Margin	42.76%	41.39%	40.97%	36.33%	38.64%	41.12%
Operating Margin	17.15%	16.35%	17.80%	12.77%	12.87%	18.77%
Profit Margin	16.61%	15.98%	17.33%	14.29%	14.71%	17.61%
Free Cash Flow Margin	9.39%	2.50%	-3.14%	6.75%	-14.41%	10.16%
EBITDA	230.52	220.97	214.7	146.28	131.9	162.12
EBITDA Margin	21.25%	20.13%	21.59%	16.59%	16.36%	22.31%
D&A For EBITDA	44.47	41.56	37.68	33.69	28.12	25.7
EBIT	186.05	179.41	177.02	112.59	103.77	136.43
EBIT Margin	17.15%	16.35%	17.80%	12.77%	12.87%	18.77%
Effective Tax Rate	12.00%	13.19%	13.72%	11.89%	12.18%	13.28%
Revenue as Reported	1,085	1,098	994.25	881.65	806.24	726.67
Advertising Expenses	-	15.37	13.69	44.09	27.71	16.55

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