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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	633.55	631.15	600.24	601.38	567.63	601.89
Other Revenue	17.09	15.91	13.42	12.04	14.4	12.49
Revenue	650.64	647.06	613.65	613.42	582.04	614.38
Revenue Growth (YoY)	5.83%	5.45%	0.04%	5.39%	-5.26%	9.07%
Cost of Revenue	441.5	444.3	433.56	448.88	428.64	462.56
Gross Profit	209.14	202.76	180.09	164.53	153.4	151.82
Selling, General & Admin	69.38	77.4	67.79	60.88	71.65	64.91
Research & Development	25.23	25.09	24.06	23.87	21.41	17.08
Other Operating Expenses	67.35	67.09	65.99	63.85	61.39	66.1
Operating Expenses	161.96	169.57	157.86	148.6	154.45	148.09
Operating Income	47.18	33.19	22.24	15.94	-1.05	3.73
Interest Expense	-1.87	-1.44	-0.47	-0.05	-	-
Interest & Investment Income	36.48	37.11	35.38	30.15	28.32	25.22
Other Non Operating Income (Expenses)	-4.87	-0.12	-0.18	-0.14	-0.25	-0.33
EBT Excluding Unusual Items	76.92	68.74	56.97	45.89	27.02	28.61
Gain (Loss) on Sale of Investments	0.71	0.21	-	-	0.18	-
Asset Writedown	-1.21	-1.21	-0.76	-	-0.02	-0.56
Other Unusual Items	5.52	5.03	2.04	0.56	10.57	7.23
Pretax Income	81.93	72.77	58.24	46.46	37.75	35.29
Income Tax Expense	8.91	7.68	9.45	6.42	6.57	6.3
Earnings From Continuing Operations	73.02	65.08	48.79	40.04	31.18	28.99
Minority Interest in Earnings	-0.14	-0.25	-0.26	-0.19	-0.15	-0.32
Net Income	72.88	64.83	48.53	39.85	31.03	28.67
Net Income to Common	72.88	64.83	48.53	39.85	31.03	28.67
Net Income Growth	26.10%	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)	0.11%	0.05%	-0.18%	0.14%	0.38%	-0.62%
EPS (Basic)	0.29	0.26	0.19	0.16	0.12	0.12
EPS (Diluted)	0.29	0.26	0.19	0.16	0.12	0.12
EPS Growth	25.97%	33.51%	22.01%	28.23%	7.83%	45.57%
Free Cash Flow	105.33	119.63	70.79	136.12	53.46	76.29
Free Cash Flow Per Share	0.42	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	32.14%	31.34%	29.35%	26.82%	26.36%	24.71%
Operating Margin	7.25%	5.13%	3.62%	2.60%	-0.18%	0.61%
Profit Margin	11.20%	10.02%	7.91%	6.50%	5.33%	4.67%
Free Cash Flow Margin	16.19%	18.49%	11.54%	22.19%	9.18%	12.42%
EBITDA	70.68	56.69	49.59	41.9	30.94	35.17
EBITDA Margin	10.86%	8.76%	8.08%	6.83%	5.32%	5.72%
D&A For EBITDA	23.5	23.5	27.35	25.96	31.99	31.44
EBIT	47.18	33.19	22.24	15.94	-1.05	3.73
EBIT Margin	7.25%	5.13%	3.62%	2.60%	-0.18%	0.61%
Effective Tax Rate	10.88%	10.56%	16.23%	13.81%	17.40%	17.84%
Revenue as Reported	650.64	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.