China Resources Beer (Holdings) Company Limited (HKG: 0291)

China Resources Beer (Holdings) Company 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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	38,805	38,932	35,263	33,387	31,448	33,190
Revenue Growth (YoY)	1.79%	10.40%	5.62%	6.17%	-5.25%	4.15%
Cost of Revenue	22,554	22,829	21,702	20,313	19,373	20,964
Gross Profit	16,251	16,103	13,561	13,074	12,075	12,226
Selling, General & Admin	11,473	11,285	9,835	10,062	9,968	10,271
Operating Expenses	11,473	11,285	9,835	10,062	9,968	10,271
Operating Income	4,778	4,818	3,726	3,012	2,107	1,955
Interest Expense	-137	-182	-39	-6	-56	-65
Interest & Investment Income	255	361	380	243	141	109
Earnings From Equity Investments	-1	-5	-67	-21	-	-
Currency Exchange Gain (Loss)	-27	-57	-32	11	-150	-4
Other Non Operating Income (Expenses)	1,985	1,794	1,399	1,419	1,488	740
EBT Excluding Unusual Items	6,853	6,729	5,367	4,658	3,530	2,735
Merger & Restructuring Charges	-142	-142	-235	-300	-574	-700
Gain (Loss) on Sale of Investments	5	5	100	-	-	-
Gain (Loss) on Sale of Assets	458	486	296	1,857	53	167
Pretax Income	7,174	7,078	5,528	6,215	3,009	2,202
Income Tax Expense	1,925	1,864	1,178	1,625	915	892
Earnings From Continuing Operations	5,249	5,214	4,350	4,590	2,094	1,310
Net Income to Company	5,249	5,214	4,350	4,590	2,094	1,310
Minority Interest in Earnings	-40	-61	-6	-3	-	2
Net Income	5,209	5,153	4,344	4,587	2,094	1,312
Net Income to Common	5,209	5,153	4,344	4,587	2,094	1,312
Net Income Growth	0.35%	18.62%	-5.30%	119.05%	59.60%	34.29%
Shares Outstanding (Basic)	3,244	3,244	3,244	3,244	3,244	3,244
Shares Outstanding (Diluted)	3,244	3,244	3,244	3,244	3,244	3,244
EPS (Basic)	1.61	1.59	1.34	1.41	0.65	0.40
EPS (Diluted)	1.61	1.59	1.34	1.41	0.65	0.40
EPS Growth	0.35%	18.62%	-5.30%	119.05%	59.60%	34.81%
Free Cash Flow	2,619	1,629	5,185	3,524	3,433	2,608
Free Cash Flow Per Share	0.81	0.50	1.60	1.09	1.06	0.80
Dividend Per Share	0.722	0.636	0.536	0.566	0.259	0.165
Dividend Growth	22.58%	18.66%	-5.30%	118.53%	56.97%	37.50%
Gross Margin	41.88%	41.36%	38.46%	39.16%	38.40%	36.84%
Operating Margin	12.31%	12.38%	10.57%	9.02%	6.70%	5.89%
Profit Margin	13.42%	13.24%	12.32%	13.74%	6.66%	3.95%
Free Cash Flow Margin	6.75%	4.18%	14.70%	10.56%	10.92%	7.86%
EBITDA	6,906	6,923	5,113	4,499	3,660	3,556
EBITDA Margin	17.80%	17.78%	14.50%	13.48%	11.64%	10.71%
D&A For EBITDA	2,128	2,105	1,387	1,487	1,553	1,601
EBIT	4,778	4,818	3,726	3,012	2,107	1,955
EBIT Margin	12.31%	12.38%	10.57%	9.02%	6.70%	5.89%
Effective Tax Rate	26.83%	26.34%	21.31%	26.15%	30.41%	40.51%

Source: S&P Capital IQ. Standard template. Financial Sources.