China Feihe Limited (HKG: 6186)

China Feihe 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	19,892	19,532	21,311	22,776	18,592	13,722
Revenue Growth (YoY)	-6.93%	-8.35%	-6.43%	22.50%	35.50%	32.04%
Cost of Revenue	6,735	6,869	7,360	6,769	5,112	4,112
Gross Profit	13,157	12,663	13,951	16,008	13,480	9,610
Selling, General & Admin	8,528	8,471	8,080	7,937	6,418	4,761
Other Operating Expenses	96.67	100.2	85.98	67.08	153.82	56.1
Operating Expenses	8,624	8,571	8,166	8,004	6,572	4,817
Operating Income	4,532	4,092	5,784	8,003	6,908	4,792
Interest Expense	-52.02	-53.13	-33.64	-29.15	-50.16	-72.69
Interest & Investment Income	487.42	470.03	349.43	355.65	337.61	163
Earnings From Equity Investments	-4.49	-7.41	-17.25	-15.59	-5.57	-
Other Non Operating Income (Expenses)	1,038	1,090	925.6	1,500	1,043	773.6
EBT Excluding Unusual Items	6,018	5,592	7,008	9,814	8,233	5,656
Merger & Restructuring Charges	-	-	-0.08	-	-6.35	-
Gain (Loss) on Sale of Investments	90.65	99.51	93.61	118.82	33.68	40.19
Gain (Loss) on Sale of Assets	16.65	-0.66	-41.78	-15.02	-18.18	-13.7
Asset Writedown	-680.73	-840.07	-397.03	-245.16	-71.46	-
Other Unusual Items	-	-	-	-	1,730	-
Pretax Income	5,445	4,850	6,663	9,672	9,900	5,683
Income Tax Expense	1,862	1,560	1,715	2,757	2,464	1,748
Earnings From Continuing Operations	3,583	3,290	4,948	6,915	7,437	3,935
Minority Interest in Earnings	-14.01	99.66	-6.06	-43.85	0.24	-
Net Income	3,569	3,390	4,942	6,871	7,437	3,935
Net Income to Common	3,569	3,390	4,942	6,871	7,437	3,935
Net Income Growth	-18.55%	-31.40%	-28.07%	-7.61%	89.01%	75.47%
Shares Outstanding (Basic)	9,050	9,060	8,941	8,923	8,933	8,157
Shares Outstanding (Diluted)	9,067	9,078	8,941	9,101	9,109	8,176
Shares Change (YoY)	0.47%	1.52%	-1.76%	-0.09%	11.42%	1.69%
EPS (Basic)	0.39	0.37	0.55	0.77	0.83	0.48
EPS (Diluted)	0.39	0.37	0.55	0.75	0.82	0.48
EPS Growth	-19.54%	-32.73%	-26.67%	-8.54%	70.83%	72.11%
Free Cash Flow	3,062	2,610	3,801	4,795	6,887	3,605
Free Cash Flow Per Share	0.34	0.29	0.43	0.53	0.76	0.44
Dividend Per Share	0.284	0.257	0.252	0.383	0.249	0.174
Dividend Growth	1.29%	1.93%	-34.20%	53.77%	43.55%	-
Gross Margin	66.14%	64.83%	65.46%	70.28%	72.50%	70.03%
Operating Margin	22.78%	20.95%	27.14%	35.14%	37.16%	34.93%
Profit Margin	17.94%	17.36%	23.19%	30.17%	40.00%	28.67%
Free Cash Flow Margin	15.39%	13.36%	17.84%	21.05%	37.04%	26.27%
EBITDA	5,150	4,673	6,251	8,414	7,126	4,903
EBITDA Margin	25.89%	23.92%	29.33%	36.94%	38.33%	35.73%
D&A For EBITDA	617.72	580.76	466.81	410.49	217.63	110.89
EBIT	4,532	4,092	5,784	8,003	6,908	4,792
EBIT Margin	22.78%	20.95%	27.14%	35.14%	37.16%	34.93%
Effective Tax Rate	34.19%	32.16%	25.74%	28.51%	24.89%	30.76%

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