燕塘乳业 (002732.SZ) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	1.6B	1.6B	1.7B	2.0B	1.9B
Cost of Revenue	1.2B	1.2B	1.3B	1.4B	1.4B
Gross Profit	397.7M	394.4M	438.5M	507.8M	441.4M
Operating Expenses
R&D Expense	13.9M	14.0M	16.7M	21.1M	18.0M
SG&A Expense	—	—	—	—	—
General & Admin Expense	91.9M	92.3M	88.7M	92.3M	104.6M
Selling & Marketing Expense	220.4M	209.8M	200.3M	199.7M	202.2M
Other Expenses	—	—	—	—	—
Total Operating Expenses	338.4M	328.6M	318.8M	329.5M	339.9M
Cost and Expenses	1.5B	1.5B	1.6B	1.8B	1.8B
Operating Income (EBIT)	66.1M	77.2M	128.9M	204.1M	116.7M
Non-Operating
Interest Income	—	—	—	—	—
Interest Expense	—	—	—	—	—
Net Interest Income	—	—	—	—	—
Other Non-Op Income/Expense	—	—	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	60.6M	70.8M	120.4M	199.4M	115.0M
Income Tax Expense	10.6M	12.3M	17.4M	20.6M	13.5M
Bottom Line
Net Income	49.0M	57.6M	102.8M	180.4M	99.4M
Earnings from Cont. Ops	50.0M	58.5M	103.0M	178.8M	101.5M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	49.0M	57.6M	102.8M	180.4M	99.4M
Per Share
Basic EPS	CN¥0.31	CN¥0.37	CN¥0.65	CN¥1.15	CN¥0.63
Diluted EPS	CN¥0.31	CN¥0.37	CN¥0.65	CN¥1.15	CN¥0.63
Revenue Per Share	—	CN¥10.18	CN¥10.95	CN¥12.43	CN¥11.89
Shares
Basic Shares Outstanding	—	155.7M	158.1M	156.9M	157.7M
Diluted Shares Outstanding	—	155.7M	158.1M	156.9M	157.7M
Profitability Metrics
EBITDA	—	189.6M	235.2M	308.1M	210.2M
D&A	—	112.4M	106.4M	104.0M	93.5M
EBIT	—	—	—	—	—

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Mar 1, 2026