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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	5,463	5,221	4,616	3,999	3,571	4,001
Other Revenue	35.98	35.98	37.13	28.39	26.59	29.16
Revenue	5,499	5,257	4,653	4,027	3,598	4,030
Revenue Growth (YoY)	9.04%	12.98%	15.54%	11.93%	-10.73%	12.47%
Cost of Revenue	1,837	1,734	1,485	1,334	1,288	1,572
Gross Profit	3,662	3,523	3,168	2,693	2,310	2,458
Selling, General & Admin	1,787	1,834	1,796	1,590	1,309	1,385
Research & Development	13.83	13.23	14.42	15.77	12.54	12.11
Other Operating Expenses	920.25	875.48	746.91	626.54	574.2	617.86
Operating Expenses	2,721	2,722	2,553	2,232	1,896	2,016
Operating Income	941.18	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	42.9	37.55	40.41	30.27	18.91	33.77
Currency Exchange Gain (Loss)	-0.01	-0.01	0.07	0	-0.01	0
Other Non Operating Income (Expenses)	-5.47	-1.01	-2.89	-3.7	-0.79	-3.36
EBT Excluding Unusual Items	978.61	837.66	649.14	476.66	412.81	452.93
Impairment of Goodwill	-	-	-	-	-24.68	-
Gain (Loss) on Sale of Investments	5.46	6.49	2.78	0.6	-	-
Gain (Loss) on Sale of Assets	1.07	1.43	243.11	-1.1	-0.77	-1.85
Other Unusual Items	78.26	44.96	40	36.58	43.55	42.22
Pretax Income	1,066	890.54	935.04	512.74	430.91	493.3
Income Tax Expense	262.21	224.6	227.44	124.16	117.75	88.94
Earnings From Continuing Operations	803.93	665.94	707.6	388.58	313.16	404.37
Minority Interest in Earnings	-	-	-	0.62	-0.56	-0.07
Net Income	803.93	665.94	707.6	389.21	312.6	404.3
Net Income to Common	803.93	665.94	707.6	389.21	312.6	404.3
Net Income Growth	35.71%	-5.89%	81.81%	24.50%	-22.68%	15.38%
Shares Outstanding (Basic)	914	912	907	905	893	898
Shares Outstanding (Diluted)	914	912	907	905	893	898
Shares Change (YoY)	1.66%	0.56%	0.23%	1.34%	-0.59%	5.12%
EPS (Basic)	0.88	0.73	0.78	0.43	0.35	0.45
EPS (Diluted)	0.88	0.73	0.78	0.43	0.35	0.45
EPS Growth	33.49%	-6.41%	81.40%	22.86%	-22.22%	9.76%
Free Cash Flow	449.14	645.82	271.65	639.87	200.5	109.22
Free Cash Flow Per Share	0.49	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	66.60%	67.01%	68.08%	66.87%	64.20%	60.99%
Operating Margin	17.12%	15.24%	13.22%	11.44%	11.50%	10.97%
Profit Margin	14.62%	12.67%	15.21%	9.66%	8.69%	10.03%
Free Cash Flow Margin	8.17%	12.28%	5.84%	15.89%	5.57%	2.71%
EBITDA	1,113	965.61	769.8	586.69	535.31	559.3
EBITDA Margin	20.23%	18.37%	16.54%	14.57%	14.88%	13.88%
D&A For EBITDA	171.55	164.35	154.74	126.12	121.45	117.3
EBIT	941.18	801.27	615.07	460.57	413.86	441.99
EBIT Margin	17.11%	15.24%	13.22%	11.44%	11.50%	10.97%
Effective Tax Rate	24.59%	25.22%	24.32%	24.21%	27.33%	18.03%
Revenue as Reported	5,499	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.