Chongqing Brewery Co., Ltd. (SHA: 600132)

Chongqing Brewery 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
Operating Revenue	14,797	14,459	13,696	12,835	10,625	9,943
Other Revenue	373.24	355.5	342.82	283.98	316.17	269.57
Revenue	15,171	14,815	14,039	13,119	10,942	10,212
Revenue Growth (YoY)	3.85%	5.53%	7.01%	19.90%	7.14%	194.53%
Cost of Revenue	7,750	7,617	7,031	6,511	5,791	5,040
Gross Profit	7,420	7,198	7,008	6,608	5,151	5,172
Selling, General & Admin	3,145	3,032	2,861	2,729	2,666	2,804
Research & Development	26.94	26.23	110.75	163.15	84.21	98.72
Other Operating Expenses	975.61	953.87	919.4	889.91	717.91	706.72
Operating Expenses	4,154	4,013	3,888	3,782	3,457	3,609
Operating Income	3,267	3,184	3,119	2,827	1,694	1,563
Interest Expense	-7.21	-5.92	-3.7	-14.19	-35.82	-46.76
Interest & Investment Income	132.04	137.88	133.67	94.16	224.41	110.05
Currency Exchange Gain (Loss)	0	-0.13	-0.28	0.09	-2.12	-0.01
Other Non Operating Income (Expenses)	-0.95	-0.59	-5.64	-1.12	-12.72	144.09
EBT Excluding Unusual Items	3,391	3,315	3,243	2,905	1,867	1,770
Gain (Loss) on Sale of Investments	1.56	0.2	-	1.09	-	-
Gain (Loss) on Sale of Assets	-8.09	-6.22	-2.69	-9.75	18.15	15.53
Asset Writedown	-17.49	-17.49	-2.54	-4.46	-5.13	-18.55
Other Unusual Items	64.78	61.92	60.67	49.84	250.31	27.92
Pretax Income	3,453	3,376	3,299	2,942	2,131	1,795
Income Tax Expense	684.86	664.12	711.85	540.06	378.47	271.87
Earnings From Continuing Operations	2,768	2,712	2,587	2,402	1,752	1,523
Earnings From Discontinued Operations	-	-	-	-2.98	-	-
Net Income to Company	2,768	2,712	2,587	2,399	1,752	1,523
Minority Interest in Earnings	-1,396	-1,375	-1,323	-1,233	-675.48	-480.28
Net Income	1,373	1,337	1,264	1,166	1,077	1,043
Net Income to Common	1,373	1,337	1,264	1,166	1,077	1,043
Net Income Growth	-2.01%	5.78%	8.35%	8.30%	3.26%	158.15%
Shares Outstanding (Basic)	485	484	484	484	483	485
Shares Outstanding (Diluted)	485	484	484	484	483	485
Shares Change (YoY)	0.35%	0.03%	0.05%	0.21%	-0.45%	-0.34%
EPS (Basic)	2.83	2.76	2.61	2.41	2.23	2.15
EPS (Diluted)	2.83	2.76	2.61	2.41	2.23	2.15
EPS Growth	-2.35%	5.75%	8.30%	8.07%	3.72%	159.04%
Free Cash Flow	2,055	2,178	2,840	2,839	3,130	1,539
Free Cash Flow Per Share	4.24	4.50	5.87	5.87	6.48	3.17
Dividend Per Share	2.800	2.800	2.600	2.000	-	1.400
Dividend Growth	7.69%	7.69%	30.00%	-	-	75.00%
Gross Margin	48.91%	48.58%	49.92%	50.37%	47.07%	50.64%
Operating Margin	21.53%	21.49%	22.22%	21.54%	15.48%	15.30%
Profit Margin	9.05%	9.02%	9.00%	8.89%	9.84%	10.21%
Free Cash Flow Margin	13.55%	14.70%	20.23%	21.64%	28.60%	15.07%
EBITDA	3,726	3,662	3,592	3,254	2,108	1,966
EBITDA Margin	24.56%	24.72%	25.59%	24.81%	19.26%	19.25%
D&A For EBITDA	459.22	477.58	472.8	427.9	413.79	403.59
EBIT	3,267	3,184	3,119	2,827	1,694	1,563
EBIT Margin	21.53%	21.49%	22.22%	21.54%	15.48%	15.30%
Effective Tax Rate	19.83%	19.67%	21.58%	18.36%	17.76%	15.15%
Revenue as Reported	15,171	14,815	14,039	13,119	10,942	10,212

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