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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	5,364	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	5,395	5,358	5,257	4,653	4,027	3,598
Revenue Growth (YoY)	0.21%	1.91%	12.98%	15.54%	11.93%	-10.73%
Cost of Revenue	1,780	1,835	1,734	1,485	1,334	1,288
Gross Profit	3,615	3,523	3,523	3,168	2,693	2,310
Selling, General & Admin	1,713	1,647	1,834	1,796	1,590	1,309
Research & Development	15.56	15.94	13.23	14.42	15.77	12.54
Other Operating Expenses	900.26	886.94	875.48	746.91	626.54	574.2
Operating Expenses	2,628	2,549	2,722	2,553	2,232	1,896
Operating Income	986.65	974.11	801.27	615.07	460.57	413.86
Interest Expense	-	-	-0.14	-3.52	-10.48	-19.16
Interest & Investment Income	47.44	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)	-7.1	-6	-1.01	-2.89	-3.7	-0.79
EBT Excluding Unusual Items	1,027	1,016	837.66	649.14	476.66	412.81
Impairment of Goodwill	-	-	-	-	-	-24.68
Gain (Loss) on Sale of Investments	1.78	0.61	6.49	2.78	0.6	-
Gain (Loss) on Sale of Assets	-1.94	-2.01	1.43	243.11	-1.1	-0.77
Other Unusual Items	54.9	44.36	44.96	40	36.58	43.55
Pretax Income	1,079	1,059	890.54	935.04	512.74	430.91
Income Tax Expense	275.97	271.78	224.6	227.44	124.16	117.75
Earnings From Continuing Operations	803.33	787.1	665.94	707.6	388.58	313.16
Minority Interest in Earnings	-	-	-	-	0.62	-0.56
Net Income	803.33	787.1	665.94	707.6	389.21	312.6
Net Income to Common	803.33	787.1	665.94	707.6	389.21	312.6
Net Income Growth	14.80%	18.19%	-5.89%	81.81%	24.50%	-22.68%
Shares Outstanding (Basic)	912	915	912	907	905	893
Shares Outstanding (Diluted)	912	915	912	907	905	893
Shares Change (YoY)	0.64%	0.33%	0.56%	0.23%	1.34%	-0.59%
EPS (Basic)	0.88	0.86	0.73	0.78	0.43	0.35
EPS (Diluted)	0.88	0.86	0.73	0.78	0.43	0.35
EPS Growth	14.07%	17.81%	-6.41%	81.39%	22.86%	-22.22%
Free Cash Flow	227.52	374.48	645.82	271.65	639.87	200.5
Free Cash Flow Per Share	0.25	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	67.00%	65.76%	67.01%	68.08%	66.87%	64.20%
Operating Margin	18.29%	18.18%	15.24%	13.22%	11.44%	11.50%
Profit Margin	14.89%	14.69%	12.67%	15.21%	9.66%	8.69%
Free Cash Flow Margin	4.22%	6.99%	12.28%	5.84%	15.89%	5.57%
EBITDA	1,159	1,146	970.91	769.8	586.69	535.31
EBITDA Margin	21.48%	21.39%	18.47%	16.54%	14.57%	14.88%
D&A For EBITDA	172.28	171.75	169.64	154.74	126.12	121.45
EBIT	986.65	974.11	801.27	615.07	460.57	413.86
EBIT Margin	18.29%	18.18%	15.24%	13.22%	11.44%	11.50%
Effective Tax Rate	25.57%	25.67%	25.22%	24.32%	24.21%	27.33%
Revenue as Reported	5,395	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.