Hebei Hengshui Laobaigan Liquor Co., Ltd. (SHA: 600559)

Hebei Hengshui Laobaigan Liquor 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	5,460	5,221	4,616	3,999	3,571	4,001
Other Revenue	35.17	35.98	37.13	28.39	26.59	29.16
Revenue	5,495	5,257	4,653	4,027	3,598	4,030
Revenue Growth (YoY)	13.08%	12.98%	15.54%	11.93%	-10.73%	12.47%
Cost of Revenue	1,840	1,734	1,485	1,334	1,288	1,572
Gross Profit	3,655	3,523	3,168	2,693	2,310	2,458
Selling, General & Admin	1,786	1,834	1,796	1,590	1,309	1,385
Research & Development	13.59	13.23	14.42	15.77	12.54	12.11
Other Operating Expenses	946.2	875.48	746.91	626.54	574.2	617.86
Operating Expenses	2,744	2,722	2,553	2,232	1,896	2,016
Operating Income	910.72	801.27	615.07	460.57	413.86	441.99
Interest Expense	-	-0.14	-3.52	-10.48	-19.16	-19.47
Interest & Investment Income	39.34	37.55	40.41	30.27	18.91	33.77
Currency Exchange Gain (Loss)	-0	-0.01	0.07	0	-0.01	0
Other Non Operating Income (Expenses)	-5.91	-1.01	-2.89	-3.7	-0.79	-3.36
EBT Excluding Unusual Items	944.15	837.66	649.14	476.66	412.81	452.93
Impairment of Goodwill	-	-	-	-	-24.68	-
Gain (Loss) on Sale of Investments	6.28	6.49	2.78	0.6	-	-
Gain (Loss) on Sale of Assets	0.23	1.43	243.11	-1.1	-0.77	-1.85
Other Unusual Items	67.23	44.96	40	36.58	43.55	42.22
Pretax Income	1,018	890.54	935.04	512.74	430.91	493.3
Income Tax Expense	264.61	224.6	227.44	124.16	117.75	88.94
Earnings From Continuing Operations	753.28	665.94	707.6	388.58	313.16	404.37
Minority Interest in Earnings	-	-	-	0.62	-0.56	-0.07
Net Income	753.28	665.94	707.6	389.21	312.6	404.3
Net Income to Common	753.28	665.94	707.6	389.21	312.6	404.3
Net Income Growth	34.06%	-5.89%	81.81%	24.50%	-22.68%	15.38%
Shares Outstanding (Basic)	921	912	907	905	893	898
Shares Outstanding (Diluted)	921	912	907	905	893	898
Shares Change (YoY)	1.70%	0.56%	0.23%	1.34%	-0.59%	5.12%
EPS (Basic)	0.82	0.73	0.78	0.43	0.35	0.45
EPS (Diluted)	0.82	0.73	0.78	0.43	0.35	0.45
EPS Growth	31.82%	-6.41%	81.40%	22.86%	-22.22%	9.76%
Free Cash Flow	681.64	645.82	271.65	639.87	200.5	109.22
Free Cash Flow Per Share	0.74	0.71	0.30	0.71	0.22	0.12
Dividend Per Share	0.450	0.450	0.300	0.150	0.150	0.150
Dividend Growth	50.00%	50.00%	100.00%	0%	0%	-2.47%
Gross Margin	66.51%	67.01%	68.08%	66.87%	64.20%	60.99%
Operating Margin	16.57%	15.24%	13.22%	11.44%	11.50%	10.97%
Profit Margin	13.71%	12.67%	15.21%	9.66%	8.69%	10.03%
Free Cash Flow Margin	12.40%	12.28%	5.84%	15.89%	5.57%	2.71%
EBITDA	1,082	965.61	769.8	586.69	535.31	559.3
EBITDA Margin	19.69%	18.37%	16.54%	14.57%	14.88%	13.88%
D&A For EBITDA	171.21	164.35	154.74	126.12	121.45	117.3
EBIT	910.72	801.27	615.07	460.57	413.86	441.99
EBIT Margin	16.57%	15.24%	13.22%	11.44%	11.50%	10.97%
Effective Tax Rate	26.00%	25.22%	24.32%	24.21%	27.33%	18.03%
Revenue as Reported	5,495	5,257	4,653	4,027	3,598	4,030
Advertising Expenses	-	724.85	726.55	576.38	478.54	427.28

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