FuJian YanJing HuiQuan Brewery Co.,Ltd (SHA:600573)

SHA:600573 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	631.65	631.15	600.24	601.38	567.63	601.89
Other Revenue	15.91	15.91	13.42	12.04	14.4	12.49
Revenue	647.56	647.06	613.65	613.42	582.04	614.38
Revenue Growth (YoY)	4.86%	5.45%	0.04%	5.39%	-5.26%	9.07%
Cost of Revenue	442.65	444.3	433.56	448.88	428.64	462.56
Gross Profit	204.91	202.76	180.09	164.53	153.4	151.82
Selling, General & Admin	71.68	77.4	67.79	60.88	71.65	64.91
Research & Development	24.04	25.09	24.06	23.87	21.41	17.08
Other Operating Expenses	66.64	67.09	65.99	63.85	61.39	66.1
Operating Expenses	162.35	169.57	157.86	148.6	154.45	148.09
Operating Income	42.55	33.19	22.24	15.94	-1.05	3.73
Interest Expense	-1.44	-1.44	-0.47	-0.05	-	-
Interest & Investment Income	37.11	37.11	35.38	30.15	28.32	25.22
Other Non Operating Income (Expenses)	-7.28	-0.12	-0.18	-0.14	-0.25	-0.33
EBT Excluding Unusual Items	70.94	68.74	56.97	45.89	27.02	28.61
Gain (Loss) on Sale of Investments	0.46	0.21	-	-	0.18	-
Asset Writedown	-1.21	-1.21	-0.76	-	-0.02	-0.56
Other Unusual Items	5.03	5.03	2.04	0.56	10.57	7.23
Pretax Income	75.21	72.77	58.24	46.46	37.75	35.29
Income Tax Expense	9.01	7.68	9.45	6.42	6.57	6.3
Earnings From Continuing Operations	66.2	65.08	48.79	40.04	31.18	28.99
Minority Interest in Earnings	-0.16	-0.25	-0.26	-0.19	-0.15	-0.32
Net Income	66.04	64.83	48.53	39.85	31.03	28.67
Net Income to Common	66.04	64.83	48.53	39.85	31.03	28.67
Net Income Growth	25.22%	33.58%	21.80%	28.41%	8.24%	44.66%
Shares Outstanding (Basic)	250	250	250	251	250	249
Shares Outstanding (Diluted)	250	250	250	251	250	249
Shares Change (YoY)	-3.18%	0.05%	-0.18%	0.14%	0.38%	-0.62%
EPS (Basic)	0.26	0.26	0.19	0.16	0.12	0.12
EPS (Diluted)	0.26	0.26	0.19	0.16	0.12	0.12
EPS Growth	29.33%	33.51%	22.01%	28.23%	7.83%	45.57%
Free Cash Flow	107.19	119.63	70.79	136.12	53.46	76.29
Free Cash Flow Per Share	0.43	0.48	0.28	0.54	0.21	0.31
Dividend Per Share	0.080	0.080	0.060	0.050	0.038	0.035
Dividend Growth	33.33%	33.33%	20.00%	31.58%	8.57%	16.67%
Gross Margin	31.64%	31.34%	29.35%	26.82%	26.36%	24.71%
Operating Margin	6.57%	5.13%	3.62%	2.60%	-0.18%	0.61%
Profit Margin	10.20%	10.02%	7.91%	6.50%	5.33%	4.67%
Free Cash Flow Margin	16.55%	18.49%	11.54%	22.19%	9.18%	12.42%
EBITDA	65.09	56.69	49.59	41.9	30.94	35.17
EBITDA Margin	10.05%	8.76%	8.08%	6.83%	5.32%	5.72%
D&A For EBITDA	22.54	23.5	27.35	25.96	31.99	31.44
EBIT	42.55	33.19	22.24	15.94	-1.05	3.73
EBIT Margin	6.57%	5.13%	3.62%	2.60%	-0.18%	0.61%
Effective Tax Rate	11.98%	10.56%	16.23%	13.81%	17.40%	17.84%
Revenue as Reported	647.06	647.06	613.65	613.42	582.04	614.38
Advertising Expenses	-	0.83	1.34	0.82	0.89	0.43

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