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