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

Ligao Foods Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020	Dec 31, 2019
Operating Revenue	3,627	3,493	2,905	2,815	1,808	1,583
Other Revenue	6.32	6.32	5.51	2.35	1.31	1.08
Revenue	3,634	3,499	2,911	2,817	1,810	1,584
Revenue Growth (YoY)	5.58%	20.22%	3.32%	55.66%	14.27%	20.58%
Cost of Revenue	2,532	2,432	2,001	1,842	1,120	931.59
Gross Profit	1,101	1,067	909.86	974.96	690.01	652.14
Selling, General & Admin	797.41	808.24	594.38	538.07	339.94	379.36
Research & Development	141.08	147.83	122.25	82.2	52.68	41.51
Other Operating Expenses	10.46	22.55	25.44	17.91	12.65	12.1
Operating Expenses	951.58	977.28	745.47	642.8	406.96	434.34
Operating Income	149.74	89.94	164.38	332.15	283.05	217.8
Interest Expense	-16.5	-15.5	-4.52	-3.39	-1.53	-2.47
Interest & Investment Income	9.87	6.28	13.4	7.37	1.76	0.5
Currency Exchange Gain (Loss)	-0.59	-0.59	-0.45	-0.3	0.1	-0.08
Other Non Operating Income (Expenses)	-2.34	-1.36	-0.51	-0.33	-0.27	-0.24
EBT Excluding Unusual Items	140.2	78.77	172.3	335.5	283.12	215.52
Gain (Loss) on Sale of Investments	0.08	0.08	-	-	-	-
Gain (Loss) on Sale of Assets	-0.29	-0.12	-0.07	-0.69	-0.28	0.01
Asset Writedown	-3.05	-6.99	-10.41	-0.1	-0.09	-0.49
Other Unusual Items	9.02	18.31	14.02	18.39	7.3	10.58
Pretax Income	145.95	90.05	175.82	353.09	290.04	225.61
Income Tax Expense	31.82	19.2	32.24	69.99	57.95	44.21
Earnings From Continuing Operations	114.13	70.85	143.59	283.1	232.1	181.4
Minority Interest in Earnings	3.59	2.18	0.18	-	-	-
Net Income	117.72	73.03	143.77	283.1	232.1	181.4
Net Income to Common	117.72	73.03	143.77	283.1	232.1	181.4
Net Income Growth	-41.64%	-49.21%	-49.22%	21.98%	27.95%	246.78%
Shares Outstanding (Basic)	169	169	169	155	127	127
Shares Outstanding (Diluted)	169	174	182	156	127	127
Shares Change (YoY)	-12.41%	-4.45%	17.10%	22.75%	-0.05%	-
EPS (Basic)	0.70	0.43	0.85	1.82	1.83	1.43
EPS (Diluted)	0.70	0.42	0.79	1.82	1.83	1.43
EPS Growth	-33.37%	-46.84%	-56.63%	-0.63%	28.01%	-
Free Cash Flow	-42.27	-80.71	-235.87	-423.12	129.32	159.82
Free Cash Flow Per Share	-0.25	-0.46	-1.29	-2.71	1.02	1.26
Dividend Per Share	0.700	0.500	0.500	0.500	0.500	0.400
Dividend Growth	40.00%	-	-	-	25.00%	207.69%
Gross Margin	30.31%	30.50%	31.26%	34.61%	38.13%	41.18%
Operating Margin	4.12%	2.57%	5.65%	11.79%	15.64%	13.75%
Profit Margin	3.24%	2.09%	4.94%	10.05%	12.83%	11.45%
Free Cash Flow Margin	-1.16%	-2.31%	-8.10%	-15.02%	7.15%	10.09%
EBITDA	280.95	197.26	239.85	379.87	318.32	245.82
EBITDA Margin	7.73%	5.64%	8.24%	13.48%	17.59%	15.52%
D&A For EBITDA	131.21	107.32	75.47	47.72	35.27	28.02
EBIT	149.74	89.94	164.38	332.15	283.05	217.8
EBIT Margin	4.12%	2.57%	5.65%	11.79%	15.64%	13.75%
Effective Tax Rate	21.80%	21.32%	18.33%	19.82%	19.98%	19.60%
Revenue as Reported	3,634	3,499	2,911	2,817	1,810	1,584
Advertising Expenses	-	50.37	17.49	40.17	24.32	26.47

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