Nongfu Spring Co., Ltd. (NNFSF)

Nongfu Spring 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	44,378	42,667	33,239	29,696	22,877	24,021
Revenue Growth (YoY)	19.61%	28.36%	11.93%	29.81%	-4.76%	17.32%
Cost of Revenue	18,249	17,260	14,144	12,040	9,369	10,710
Gross Profit	26,129	25,407	19,095	17,656	13,508	13,311
Selling, General & Admin	11,677	11,446	9,656	8,984	6,835	7,199
Operating Expenses	11,677	11,446	9,656	8,984	6,835	7,199
Operating Income	14,452	13,960	9,440	8,672	6,673	6,112
Interest Expense	-109.5	-99.74	-76.03	-52.95	-78.96	-15.53
Interest & Investment Income	1,096	991.25	623.36	330.66	147.89	216.93
Currency Exchange Gain (Loss)	71.02	46.02	370.12	-116.62	-240.3	-6.57
Other Non Operating Income (Expenses)	805.53	798.95	705.45	526.04	484.99	119.15
EBT Excluding Unusual Items	16,315	15,697	11,062	9,359	6,987	6,426
Gain (Loss) on Sale of Investments	-	-	2.29	4.75	-	35.75
Gain (Loss) on Sale of Assets	-8.71	-8.71	-14.46	-9.8	-0.74	37.29
Pretax Income	16,306	15,688	11,050	9,354	6,986	6,499
Income Tax Expense	3,763	3,609	2,555	2,193	1,709	1,545
Earnings From Continuing Operations	12,544	12,079	8,495	7,162	5,277	4,954
Minority Interest in Earnings	-	-	-	-	-	-5.68
Net Income	12,544	12,079	8,495	7,162	5,277	4,949
Preferred Dividends & Other Adjustments	1.28	1.28	1.79	-	-	-
Net Income to Common	12,542	12,078	8,493	7,162	5,277	4,949
Net Income Growth	29.82%	42.19%	18.62%	35.71%	6.65%	37.23%
Shares Outstanding (Basic)	11,245	11,244	11,244	11,246	10,937	10,800
Shares Outstanding (Diluted)	11,247	11,246	11,245	11,246	10,937	10,800
Shares Change (YoY)	0.02%	0.00%	-0.01%	2.83%	1.27%	-
EPS (Basic)	1.12	1.07	0.76	0.64	0.48	0.46
EPS (Diluted)	1.12	1.07	0.76	0.64	0.48	0.46
EPS Growth	29.80%	42.20%	18.62%	31.97%	5.31%	37.23%
Free Cash Flow	9,103	12,591	7,848	8,938	6,193	4,241
Free Cash Flow Per Share	0.81	1.12	0.70	0.79	0.57	0.39
Dividend Per Share	0.750	0.750	0.680	0.450	0.170	0.500
Dividend Growth	10.29%	10.29%	51.11%	164.71%	-66.00%	-98.12%
Gross Margin	58.88%	59.55%	57.45%	59.46%	59.05%	55.41%
Operating Margin	32.57%	32.72%	28.40%	29.20%	29.17%	25.44%
Profit Margin	28.26%	28.31%	25.55%	24.12%	23.07%	20.60%
Free Cash Flow Margin	20.51%	29.51%	23.61%	30.10%	27.07%	17.66%
EBITDA	17,052	16,484	11,799	10,960	8,546	7,777
EBITDA Margin	38.42%	38.63%	35.50%	36.91%	37.36%	32.38%
D&A For EBITDA	2,600	2,524	2,360	2,288	1,873	1,665
EBIT	14,452	13,960	9,440	8,672	6,673	6,112
EBIT Margin	32.57%	32.72%	28.40%	29.20%	29.17%	25.44%
Effective Tax Rate	23.07%	23.00%	23.12%	23.44%	24.46%	23.77%

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