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

Kweichow Moutai 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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	164,727	147,219	123,772	106,059	94,822	85,345
Other Revenue	474.61	474.61	327.51	130.86	93.38	85.01
Revenue	165,201	147,694	124,100	106,190	94,915	85,430
Revenue Growth (YoY)	17.83%	19.01%	16.87%	11.88%	11.10%	16.01%
Cost of Revenue	13,494	11,830	10,111	8,983	8,154	7,430
Gross Profit	151,707	135,864	113,989	97,207	86,761	78,000
Selling, General & Admin	15,585	14,378	12,310	11,188	9,338	9,447
Research & Development	196.65	157.37	135.19	61.92	50.4	48.69
Other Operating Expenses	26,115	22,217	18,485	15,289	13,875	12,715
Operating Expenses	41,950	36,751	30,930	26,551	23,338	22,215
Operating Income	109,757	99,113	83,059	70,655	63,423	55,784
Interest Expense	-118.2	-126.12	-117.61	-187.43	-111.13	-145.75
Interest & Investment Income	4,876	4,843	4,993	4,277	3,357	3,445
Other Non Operating Income (Expenses)	-89.58	-140.24	-69.09	3.61	-41.03	-28.13
EBT Excluding Unusual Items	114,426	103,690	87,866	74,749	66,628	59,056
Gain (Loss) on Sale of Investments	33.72	2.38	-0.12	-2.33	4.89	-14.02
Gain (Loss) on Sale of Assets	2.47	1.15	-20.57	-11.92	-0.1	-0.51
Other Unusual Items	22.86	-30.6	-143.61	-206.31	-436.01	-258.46
Pretax Income	114,485	103,663	87,701	74,528	66,197	58,783
Income Tax Expense	28,759	26,141	22,325	18,808	16,674	14,813
Earnings From Continuing Operations	85,726	77,521	65,376	55,721	49,523	43,970
Minority Interest in Earnings	-3,040	-2,787	-2,659	-3,260	-2,826	-2,764
Net Income	82,685	74,734	62,717	52,460	46,697	41,206
Net Income to Common	82,685	74,734	62,717	52,460	46,697	41,206
Net Income Growth	16.14%	19.16%	19.55%	12.34%	13.33%	17.05%
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)	0.02%	0.01%	-0.01%	-0.01%	0.00%	-0.01%
EPS (Basic)	65.82	59.49	49.93	41.76	37.17	32.80
EPS (Diluted)	65.82	59.49	49.93	41.76	37.17	32.80
EPS Growth	16.12%	19.15%	19.56%	12.35%	13.32%	17.06%
Free Cash Flow	57,463	63,973	31,392	60,620	49,579	42,062
Free Cash Flow Per Share	45.74	50.92	24.99	48.26	39.46	33.48
Dividend Per Share	30.876	30.876	25.911	21.675	19.293	17.025
Dividend Growth	19.16%	19.16%	19.54%	12.35%	13.32%	17.10%
Gross Margin	91.83%	91.99%	91.85%	91.54%	91.41%	91.30%
Operating Margin	66.44%	67.11%	66.93%	66.54%	66.82%	65.30%
Profit Margin	50.05%	50.60%	50.54%	49.40%	49.20%	48.23%
Free Cash Flow Margin	34.78%	43.32%	25.30%	57.09%	52.24%	49.24%
EBITDA	111,773	100,950	84,659	72,124	64,730	57,017
EBITDA Margin	67.66%	68.35%	68.22%	67.92%	68.20%	66.74%
D&A For EBITDA	2,015	1,837	1,600	1,469	1,306	1,233
EBIT	109,757	99,113	83,059	70,655	63,423	55,784
EBIT Margin	66.44%	67.11%	66.93%	66.54%	66.82%	65.30%
Effective Tax Rate	25.12%	25.22%	25.46%	25.24%	25.19%	25.20%
Revenue as Reported	168,367	150,560	127,554	109,464	97,993	88,854

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