Zhongjing Food 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	1,095	1,076	1,088	991.38	879.1	806.24
Other Revenue	5.82	5.82	10.04	2.87	2.55	-
Revenue	1,101	1,082	1,098	994.25	881.65	806.24
Revenue Growth (YoY)	0.03%	-1.42%	10.40%	12.77%	9.35%	10.95%
Cost of Revenue	621.53	607.09	643.28	586.95	561.36	494.73
Gross Profit	479.34	474.99	454.37	407.3	320.29	311.51
Selling, General & Admin	219.88	224.32	228.38	195.91	182.9	169.67
Research & Development	39.31	38.48	37.81	32.7	31.63	32.42
Other Operating Expenses	10.28	10.43	4.19	1.77	-8.43	5.48
Operating Expenses	269.79	273.21	271.24	230.28	207.7	207.74
Operating Income	209.54	201.78	183.13	177.02	112.59	103.77
Interest Expense	-	-	-0.73	-0.47	-1.28	-0.33
Interest & Investment Income	12.22	12.05	15.22	22.51	29.3	26.16
Currency Exchange Gain (Loss)	0	0	-	-	-0	0.01
Other Non Operating Income (Expenses)	-1.67	-1.37	0.46	0.62	2.34	-0.03
EBT Excluding Unusual Items	220.09	212.46	198.08	199.68	142.96	129.58
Gain (Loss) on Sale of Investments	0.26	0.35	0.38	-	-	-
Gain (Loss) on Sale of Assets	-	-	3.59	-	-0.04	-0.69
Asset Writedown	-2.09	-	-0	-	-0.06	-
Other Unusual Items	6.24	6.24	-	-	-	6.01
Pretax Income	224.5	219.05	202.05	199.68	142.85	134.9
Income Tax Expense	27.41	27.25	26.65	27.4	16.98	16.43
Earnings From Continuing Operations	197.09	191.8	175.4	172.29	125.87	118.47
Minority Interest in Earnings	-	-	-	-	0.15	0.12
Net Income	197.09	191.8	175.4	172.29	126.02	118.59
Net Income to Common	197.09	191.8	175.4	172.29	126.02	118.59
Net Income Growth	13.96%	9.35%	1.81%	36.71%	6.27%	-7.33%
Shares Outstanding (Basic)	146	146	146	146	146	145
Shares Outstanding (Diluted)	146	146	146	146	146	145
Shares Change (YoY)	0.16%	0.17%	0.11%	-0.01%	0.37%	29.26%
EPS (Basic)	1.35	1.31	1.20	1.18	0.86	0.82
EPS (Diluted)	1.35	1.31	1.20	1.18	0.86	0.82
EPS Growth	13.77%	9.17%	1.70%	36.73%	5.88%	-28.31%
Free Cash Flow	129.94	127.79	27.39	-31.24	59.5	-116.18
Free Cash Flow Per Share	0.89	0.87	0.19	-0.21	0.41	-0.80
Dividend Per Share	1.000	1.000	1.000	0.685	0.685	0.343
Dividend Growth	-	-	46.01%	-	99.97%	-
Gross Margin	43.54%	43.90%	41.39%	40.97%	36.33%	38.64%
Operating Margin	19.04%	18.65%	16.68%	17.80%	12.77%	12.87%
Profit Margin	17.90%	17.72%	15.98%	17.33%	14.29%	14.71%
Free Cash Flow Margin	11.80%	11.81%	2.50%	-3.14%	6.75%	-14.41%
EBITDA	261.06	251.31	224.69	214.7	146.28	131.9
EBITDA Margin	23.71%	23.22%	20.47%	21.59%	16.59%	16.36%
D&A For EBITDA	51.52	49.53	41.56	37.68	33.69	28.12
EBIT	209.54	201.78	183.13	177.02	112.59	103.77
EBIT Margin	19.04%	18.65%	16.68%	17.80%	12.77%	12.87%
Effective Tax Rate	12.21%	12.44%	13.19%	13.72%	11.89%	12.18%
Revenue as Reported	1,101	1,082	1,098	994.25	881.65	806.24
Advertising Expenses	-	19.91	15.37	13.69	44.09	27.71

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