Shede Spirits Co., Ltd. (SHA:600702)

Shede Spirits 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	4,746	5,276	7,002	6,011	4,934	2,684
Other Revenue	81.35	81.35	85.61	44.27	35.52	19.21
Revenue	4,828	5,357	7,087	6,056	4,969	2,704
Revenue Growth (YoY)	-32.68%	-24.41%	17.04%	21.86%	83.80%	2.02%
Cost of Revenue	1,787	1,848	1,802	1,349	1,105	665.94
Gross Profit	3,041	3,509	5,285	4,707	3,864	2,038
Selling, General & Admin	1,741	1,821	1,937	1,603	1,479	863.15
Research & Development	88.03	95.33	108.41	76.25	32.51	20.87
Other Operating Expenses	929.64	1,042	1,015	902.8	729.45	383.64
Operating Expenses	2,758	2,959	3,060	2,582	2,241	1,266
Operating Income	282.87	550.69	2,225	2,125	1,623	771.64
Interest Expense	-6.96	-6.39	-4.21	-2.83	-2.83	-17.15
Interest & Investment Income	32.3	36.08	40.78	43.97	32.77	14.55
Currency Exchange Gain (Loss)	-1.76	-1.76	0.2	3.19	-1.65	0.18
Other Non Operating Income (Expenses)	-3.15	-1.4	-0.99	1.91	-4.58	-1.56
EBT Excluding Unusual Items	303.29	577.23	2,261	2,171	1,647	767.65
Gain (Loss) on Sale of Investments	-6.14	-5.77	21.55	40.94	14.93	-8.99
Gain (Loss) on Sale of Assets	-0.62	-0.01	1.79	5.61	0.04	-2.31
Asset Writedown	-18.65	-18.65	-0.6	-0.58	-1.87	-0.93
Other Unusual Items	-33.46	-39.22	44.48	29.19	24.79	45.52
Pretax Income	244.41	513.56	2,328	2,246	1,685	800.95
Income Tax Expense	108.06	173.15	557.36	545.62	413.94	193.68
Earnings From Continuing Operations	136.35	340.41	1,770	1,701	1,271	607.27
Minority Interest in Earnings	5.26	5.36	-0.99	-15.06	-25.07	-26.13
Net Income	141.61	345.77	1,769	1,685	1,246	581.14
Net Income to Common	141.61	345.77	1,769	1,685	1,246	581.14
Net Income Growth	-91.91%	-80.46%	4.98%	35.31%	114.35%	14.42%
Shares Outstanding (Basic)	328	329	331	330	329	333
Shares Outstanding (Diluted)	328	329	331	331	331	333
Shares Change (YoY)	-1.11%	-0.81%	0.05%	-0.03%	-0.51%	-0.23%
EPS (Basic)	0.43	1.05	5.34	5.10	3.78	1.75
EPS (Diluted)	0.43	1.05	5.34	5.09	3.76	1.75
EPS Growth	-91.82%	-80.30%	4.93%	35.34%	115.45%	14.68%
Free Cash Flow	-1,666	-1,709	-158.63	457.13	2,023	747.04
Free Cash Flow Per Share	-5.08	-5.20	-0.48	1.38	6.11	2.24
Dividend Per Share	0.430	0.430	2.150	1.500	0.800	0.450
Dividend Growth	-80.00%	-80.00%	43.33%	87.50%	77.67%	-
Gross Margin	62.99%	65.51%	74.57%	77.72%	77.76%	75.37%
Operating Margin	5.86%	10.28%	31.39%	35.09%	32.66%	28.54%
Profit Margin	2.93%	6.46%	24.96%	27.83%	25.07%	21.49%
Free Cash Flow Margin	-34.50%	-31.90%	-2.24%	7.55%	40.72%	27.63%
EBITDA	469.77	729.58	2,372	2,224	1,721	846.54
EBITDA Margin	9.73%	13.62%	33.46%	36.73%	34.64%	31.31%
D&A For EBITDA	186.9	178.88	146.81	99.26	98.33	74.9
EBIT	282.87	550.69	2,225	2,125	1,623	771.64
EBIT Margin	5.86%	10.28%	31.39%	35.09%	32.66%	28.54%
Effective Tax Rate	44.21%	33.72%	23.94%	24.29%	24.57%	24.18%
Revenue as Reported	4,828	5,357	7,087	6,056	4,969	2,704

Updated Mar 21, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.