Ligao Foods Co.,Ltd. (SHE:300973)

Ligao Foods Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	4,254	3,826	3,493	2,905	2,815	1,808
Other Revenue	9.17	9.17	6.32	5.51	2.35	1.31
Revenue	4,263	3,835	3,499	2,911	2,817	1,810
Revenue Growth (YoY)	17.31%	9.61%	20.22%	3.32%	55.66%	14.27%
Cost of Revenue	3,011	2,649	2,432	2,001	1,842	1,120
Gross Profit	1,252	1,186	1,067	909.86	974.96	690.01
Selling, General & Admin	712.48	720.3	808.24	594.38	538.07	339.94
Research & Development	109.86	111.95	147.83	122.25	82.2	52.68
Other Operating Expenses	27.64	17.76	22.55	25.44	17.91	12.65
Operating Expenses	853.83	853.57	977.28	745.47	642.8	406.96
Operating Income	397.79	332.81	89.94	164.38	332.15	283.05
Interest Expense	-36.54	-22.87	-15.5	-4.52	-3.39	-1.53
Interest & Investment Income	10.37	12.31	6.28	13.4	7.37	1.76
Currency Exchange Gain (Loss)	0.65	0.65	-0.59	-0.45	-0.3	0.1
Other Non Operating Income (Expenses)	6.18	-1.56	-1.36	-0.51	-0.33	-0.27
EBT Excluding Unusual Items	378.45	321.34	78.77	172.3	335.5	283.12
Gain (Loss) on Sale of Investments	0.4	0.4	0.08	-	-	-
Gain (Loss) on Sale of Assets	-2.87	-0.15	-0.12	-0.07	-0.69	-0.28
Asset Writedown	-1.92	-1.36	-6.99	-10.41	-0.1	-0.09
Other Unusual Items	14.41	14.5	18.31	14.02	18.39	7.3
Pretax Income	388.47	334.73	90.05	175.82	353.09	290.04
Income Tax Expense	82.98	71.14	19.2	32.24	69.99	57.95
Earnings From Continuing Operations	305.49	263.59	70.85	143.59	283.1	232.1
Minority Interest in Earnings	7.22	4.37	2.18	0.18	-	-
Net Income	312.71	267.97	73.03	143.77	283.1	232.1
Net Income to Common	312.71	267.97	73.03	143.77	283.1	232.1
Net Income Growth	165.63%	266.94%	-49.21%	-49.22%	21.98%	27.95%
Shares Outstanding (Basic)	167	168	169	169	155	127
Shares Outstanding (Diluted)	171	173	174	182	156	127
Shares Change (YoY)	1.35%	-0.91%	-4.45%	17.10%	22.75%	-0.05%
EPS (Basic)	1.87	1.59	0.43	0.85	1.82	1.83
EPS (Diluted)	1.83	1.55	0.42	0.79	1.82	1.83
EPS Growth	162.10%	270.30%	-46.84%	-56.63%	-0.63%	28.01%
Free Cash Flow	-51.97	-141.37	-80.71	-235.87	-423.12	129.32
Free Cash Flow Per Share	-0.30	-0.82	-0.46	-1.29	-2.71	1.02
Dividend Per Share	0.700	0.700	0.500	0.500	0.500	0.500
Dividend Growth	-	40.00%	-	-	-	25.00%
Gross Margin	29.36%	30.93%	30.50%	31.26%	34.61%	38.13%
Operating Margin	9.33%	8.68%	2.57%	5.65%	11.79%	15.64%
Profit Margin	7.34%	6.99%	2.09%	4.94%	10.05%	12.83%
Free Cash Flow Margin	-1.22%	-3.69%	-2.31%	-8.10%	-15.02%	7.15%
EBITDA	552.93	469.06	201.01	239.85	379.87	318.32
EBITDA Margin	12.97%	12.23%	5.75%	8.24%	13.48%	17.59%
D&A For EBITDA	155.14	136.25	111.07	75.47	47.72	35.27
EBIT	397.79	332.81	89.94	164.38	332.15	283.05
EBIT Margin	9.33%	8.68%	2.57%	5.65%	11.79%	15.64%
Effective Tax Rate	21.36%	21.25%	21.32%	18.33%	19.82%	19.98%
Revenue as Reported	4,263	3,835	3,499	2,911	2,817	1,810
Advertising Expenses	-	43.88	50.37	17.49	40.17	24.32

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