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

SHA:600559 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	4,568	5,326	5,221	4,616	3,999	3,571
Other Revenue	31.68	31.68	35.98	37.13	28.39	26.59
Revenue	4,600	5,358	5,257	4,653	4,027	3,598
Revenue Growth (YoY)	-16.35%	1.91%	12.98%	15.54%	11.93%	-10.73%
Cost of Revenue	1,576	1,835	1,734	1,485	1,334	1,288
Gross Profit	3,024	3,523	3,523	3,168	2,693	2,310
Selling, General & Admin	1,438	1,647	1,834	1,796	1,590	1,309
Research & Development	13.61	15.94	13.23	14.42	15.77	12.54
Other Operating Expenses	794.14	886.94	875.48	746.91	626.54	574.2
Operating Expenses	2,246	2,549	2,722	2,553	2,232	1,896
Operating Income	777.65	974.11	801.27	615.07	460.57	413.86
Interest Expense	-	-	-0.14	-3.52	-10.48	-19.16
Interest & Investment Income	39.82	47.77	37.55	40.41	30.27	18.91
Currency Exchange Gain (Loss)	0.04	0.04	-0.01	0.07	0	-0.01
Other Non Operating Income (Expenses)	-5.12	-6	-1.01	-2.89	-3.7	-0.79
EBT Excluding Unusual Items	812.4	1,016	837.66	649.14	476.66	412.81
Impairment of Goodwill	-	-	-	-	-	-24.68
Gain (Loss) on Sale of Investments	-1.3	0.61	6.49	2.78	0.6	-
Gain (Loss) on Sale of Assets	-2.29	-2.01	1.43	243.11	-1.1	-0.77
Other Unusual Items	51.67	44.36	44.96	40	36.58	43.55
Pretax Income	858.19	1,059	890.54	935.04	512.74	430.91
Income Tax Expense	227.05	271.78	224.6	227.44	124.16	117.75
Earnings From Continuing Operations	631.14	787.1	665.94	707.6	388.58	313.16
Minority Interest in Earnings	-	-	-	-	0.62	-0.56
Net Income	631.14	787.1	665.94	707.6	389.21	312.6
Net Income to Common	631.14	787.1	665.94	707.6	389.21	312.6
Net Income Growth	-21.49%	18.19%	-5.89%	81.81%	24.50%	-22.68%
Shares Outstanding (Basic)	914	915	912	907	905	893
Shares Outstanding (Diluted)	914	915	912	907	905	893
Shares Change (YoY)	-0.07%	0.33%	0.56%	0.23%	1.34%	-0.59%
EPS (Basic)	0.69	0.86	0.73	0.78	0.43	0.35
EPS (Diluted)	0.69	0.86	0.73	0.78	0.43	0.35
EPS Growth	-21.44%	17.81%	-6.41%	81.39%	22.86%	-22.22%
Free Cash Flow	-297.06	374.48	645.82	271.65	639.87	200.5
Free Cash Flow Per Share	-0.33	0.41	0.71	0.30	0.71	0.22
Dividend Per Share	0.550	0.550	0.450	0.300	0.150	0.150
Dividend Growth	22.22%	22.22%	50.00%	100.00%	-	-
Gross Margin	65.74%	65.76%	67.01%	68.08%	66.87%	64.20%
Operating Margin	16.91%	18.18%	15.24%	13.22%	11.44%	11.50%
Profit Margin	13.72%	14.69%	12.67%	15.21%	9.66%	8.69%
Free Cash Flow Margin	-6.46%	6.99%	12.28%	5.84%	15.89%	5.57%
EBITDA	950.99	1,146	970.91	769.8	586.69	535.31
EBITDA Margin	20.67%	21.39%	18.47%	16.54%	14.57%	14.88%
D&A For EBITDA	173.34	171.75	169.64	154.74	126.12	121.45
EBIT	777.65	974.11	801.27	615.07	460.57	413.86
EBIT Margin	16.91%	18.18%	15.24%	13.22%	11.44%	11.50%
Effective Tax Rate	26.46%	25.67%	25.22%	24.32%	24.21%	27.33%
Revenue as Reported	4,600	5,358	5,257	4,653	4,027	3,598
Advertising Expenses	-	210.19	339.19	726.55	576.38	478.54

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