Kweichow Moutai Co., Ltd. (SHA:600519)

Kweichow Moutai Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	175,437	170,612	147,219	123,772	106,059	94,822
Other Revenue	287.31	287.31	474.61	327.51	130.86	93.38
Revenue	175,725	170,899	147,694	124,100	106,190	94,915
Revenue Growth (YoY)	13.58%	15.71%	19.01%	16.87%	11.88%	11.10%
Cost of Revenue	14,482	13,802	11,818	10,111	8,983	8,154
Gross Profit	161,243	157,097	135,876	113,989	97,207	86,761
Selling, General & Admin	15,167	14,955	14,378	12,310	11,188	9,338
Research & Development	216.56	218.38	157.37	135.19	61.92	50.4
Other Operating Expenses	26,874	26,912	22,217	18,485	15,289	13,875
Operating Expenses	42,239	42,085	36,751	30,930	26,551	23,338
Operating Income	119,004	115,012	99,125	83,059	70,655	63,423
Interest Expense	-147.65	-119.6	-126.12	-117.61	-187.43	-111.13
Interest & Investment Income	4,649	4,731	4,843	4,993	4,277	3,357
Other Non Operating Income (Expenses)	-10.35	-3.56	-152.03	-69.09	3.61	-41.03
EBT Excluding Unusual Items	123,495	119,620	103,690	87,866	74,749	66,628
Gain (Loss) on Sale of Investments	48.27	61.33	2.28	-0.12	-2.33	4.89
Gain (Loss) on Sale of Assets	-7.67	-6.9	1.15	-20.57	-11.92	-0.1
Other Unusual Items	-39.67	-35.78	-30.6	-143.61	-206.31	-436.01
Pretax Income	123,496	119,639	103,663	87,701	74,528	66,197
Income Tax Expense	31,269	30,304	26,141	22,325	18,808	16,674
Earnings From Continuing Operations	92,227	89,335	77,521	65,376	55,721	49,523
Minority Interest in Earnings	-3,217	-3,107	-2,787	-2,659	-3,260	-2,826
Net Income	89,010	86,228	74,734	62,717	52,460	46,697
Net Income to Common	89,010	86,228	74,734	62,717	52,460	46,697
Net Income Growth	14.11%	15.38%	19.16%	19.55%	12.34%	13.33%
Shares Outstanding (Basic)	1,256	1,256	1,256	1,256	1,256	1,256
Shares Outstanding (Diluted)	1,256	1,256	1,256	1,256	1,256	1,256
Shares Change (YoY)	0.00%	-0.00%	0.01%	-0.01%	-0.01%	0.00%
EPS (Basic)	70.86	68.64	59.49	49.93	41.76	37.17
EPS (Diluted)	70.86	68.64	59.49	49.93	41.76	37.17
EPS Growth	14.11%	15.38%	19.15%	19.56%	12.35%	13.32%
Free Cash Flow	87,302	87,785	63,973	31,392	60,620	49,579
Free Cash Flow Per Share	69.50	69.88	50.92	24.99	48.26	39.46
Dividend Per Share	51.506	51.506	30.876	25.911	21.675	19.293
Dividend Growth	66.82%	66.82%	19.16%	19.54%	12.35%	13.32%
Gross Margin	91.76%	91.92%	92.00%	91.85%	91.54%	91.41%
Operating Margin	67.72%	67.30%	67.12%	66.93%	66.54%	66.82%
Profit Margin	50.65%	50.46%	50.60%	50.54%	49.40%	49.20%
Free Cash Flow Margin	49.68%	51.37%	43.31%	25.30%	57.09%	52.23%
EBITDA	120,936	116,927	100,973	84,659	72,124	64,730
EBITDA Margin	68.82%	68.42%	68.37%	68.22%	67.92%	68.20%
D&A For EBITDA	1,932	1,915	1,848	1,600	1,469	1,306
EBIT	119,004	115,012	99,125	83,059	70,655	63,423
EBIT Margin	67.72%	67.30%	67.12%	66.93%	66.54%	66.82%
Effective Tax Rate	25.32%	25.33%	25.22%	25.46%	25.24%	25.19%
Revenue as Reported	179,103	174,144	150,560	127,554	109,464	97,993
Advertising Expenses	-	1,335	1,366	-	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.