2517.HK | Guoquan Food (Shanghai) Co Ltd Annual &

Annual Income Statements

(In CNY)

Breakdown	2023	2022	2021	2020
Revenue	6.09 Billion	7.17 Billion	3.95 Billion	2.96 Billion
Cost of Revenue	4.74 Billion	5.92 Billion	3.6 Billion	2.63 Billion
Gross Profit	1.35 Billion	1.24 Billion	355.28 Million	329.25 Million
Operating Expenses	1.08 Billion	984.28 Million	965.78 Million	372.08 Million
Selling, General and Administrative Expenses	1.07 Billion	464.67 Million	503.92 Million	203.63 Million
Research and Development Expenses	8.53 Million	9.98 Million	3.48 Million	235 Thousand
Other Expenses	-	5.3 Million	535 Thousand	6.86 Million
Cost and Expenses	5.83 Billion	6.9 Billion	4.56 Billion	3 Billion
Operating Income	264.05 Million	277.47 Million	-602.31 Million	-43.43 Million
Interest Expense	5.43 Million	2.56 Million	2.83 Million	1.99 Million
Income Tax Expense	100.02 Million	91.06 Million	-135.6 Million	109 Thousand
Earnings before Tax	363.42 Million	332.04 Million	-596.46 Million	-43.18 Million
Net Income	239.63 Million	229.9 Million	-461.99 Million	-43.29 Million
Earnings Per Share Basic	0.09	0.08	-0.17	-0.02
Earnings Per Share Diluted	0.09	0.08	-0.17	-0.02
Weighted Average Shares Outstanding	2.68 Billion	2.73 Billion	2.73 Billion	2.73 Billion
Weighted Average Shares Outstanding (Diluted)	2.68 Billion	2.73 Billion	2.73 Billion	2.73 Billion
Gross Margin	0.22	0.17	0.09	0.11
EBIT Margin	0.07	0.05	-0.14	-0.01
Profit Margin	0.04	0.03	-0.12	-0.01
EBITDA	449.65 Million	336.8 Million	-567.75 Million	-29.59 Million
Earnings Before Tax Margin	0.04	0.04	-0.15	-0.01

Breakdown	2024 Q2	2023 FY	2022 FY	2021 FY	2020 FY
Revenue	2.88 Billion	6.09 Billion	7.17 Billion	3.95 Billion	2.96 Billion
Cost of Revenue	2.23 Billion	4.74 Billion	5.92 Billion	3.6 Billion	2.63 Billion
Gross Profit	655.27 Million	1.35 Billion	1.24 Billion	355.28 Million	329.25 Million
Operating Expenses	562.13 Million	1.02 Billion	984.28 Million	965.78 Million	372.08 Million
Selling, General and Administrative Expenses	562.13 Million	-	-	-	-
Research and Development Expenses	6.06 Million	-	-	-	-
Other Expenses	-535.3 Thousand	-3.17 Million	5.3 Million	535 Thousand	6.86 Million
Cost and Expenses	2.79 Billion	5.77 Billion	6.9 Billion	4.56 Billion	3 Billion
Operating Income	93.14 Million	342.67 Million	277.47 Million	-602.31 Million	-43.43 Million
Interest Expense	2.53 Million	5.43 Million	2.56 Million	2.83 Million	1.99 Million
Income Tax Expense	32.82 Million	100.02 Million	91.06 Million	-135.6 Million	109 Thousand
Earnings before Tax	125.23 Million	363.42 Million	332.04 Million	-596.46 Million	-43.18 Million
Net Income	93.17 Million	239.63 Million	229.9 Million	-461.99 Million	-43.29 Million
Earnings Per Share Basic	0.03	-	-	-	-
Earnings Per Share Diluted	0.03	-	-	-	-
Weighted Average Shares Outstanding	2.74 Billion	2.68 Billion	2.73 Billion	2.73 Billion	2.73 Billion
Weighted Average Shares Outstanding (Diluted)	2.74 Billion	2.68 Billion	2.73 Billion	2.73 Billion	2.73 Billion
Gross Margin	0.23	0.22	0.17	0.09	0.11
EBIT Margin	0.05	-	-	-	-
Profit Margin	0.03	0.04	0.03	-0.12	-0.01
EBITDA	140.43 Million	-	-	-	-
Earnings Before Tax Margin	0.03	0.06	0.04	-0.15	-0.01