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

Shede Spirits 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	6,206	6,995	6,011	4,934	2,684	2,627
Other Revenue	85.61	85.61	44.27	35.52	19.21	23.1
Revenue	6,292	7,081	6,056	4,969	2,704	2,650
Revenue Growth (YoY)	-5.92%	16.93%	21.86%	83.80%	2.02%	19.79%
Cost of Revenue	1,944	1,806	1,349	1,105	665.94	660.33
Gross Profit	4,348	5,275	4,707	3,864	2,038	1,990
Selling, General & Admin	1,834	1,925	1,603	1,479	863.15	911.58
Research & Development	86.09	108.41	76.25	32.51	20.87	8.39
Other Operating Expenses	957.06	1,015	902.8	729.45	383.64	351.85
Operating Expenses	2,878	3,048	2,582	2,241	1,266	1,273
Operating Income	1,470	2,227	2,125	1,623	771.64	717.18
Interest Expense	-5.55	-4.21	-2.83	-2.83	-17.15	-20.11
Interest & Investment Income	24.53	40.78	43.97	32.77	14.55	8.12
Earnings From Equity Investments	-	-	-	-	-	5.14
Currency Exchange Gain (Loss)	0.17	0.17	3.19	-1.65	0.18	0.55
Other Non Operating Income (Expenses)	-1.32	-0.98	1.91	-4.58	-1.56	-3.56
EBT Excluding Unusual Items	1,488	2,263	2,171	1,647	767.65	707.32
Gain (Loss) on Sale of Investments	-2.17	21.55	40.94	14.93	-8.99	-0.39
Gain (Loss) on Sale of Assets	0.01	1.79	5.61	0.04	-2.31	-0.99
Asset Writedown	-0.6	-0.6	-0.58	-1.87	-0.93	-3.74
Other Unusual Items	44.48	44.48	29.19	24.79	45.52	4.83
Pretax Income	1,530	2,330	2,246	1,685	800.95	707.03
Income Tax Expense	387.78	557.84	545.62	413.94	193.68	168.66
Earnings From Continuing Operations	1,142	1,772	1,701	1,271	607.27	538.37
Minority Interest in Earnings	3.16	-0.99	-15.06	-25.07	-26.13	-30.46
Net Income	1,145	1,771	1,685	1,246	581.14	507.91
Net Income to Common	1,145	1,771	1,685	1,246	581.14	507.91
Net Income Growth	-35.68%	5.09%	35.31%	114.35%	14.42%	48.61%
Shares Outstanding (Basic)	335	331	330	329	333	334
Shares Outstanding (Diluted)	335	331	331	331	333	334
Shares Change (YoY)	0.38%	0.05%	-0.02%	-0.51%	-0.23%	-0.21%
EPS (Basic)	3.42	5.35	5.10	3.78	1.75	1.52
EPS (Diluted)	3.42	5.35	5.09	3.76	1.75	1.52
EPS Growth	-35.92%	5.05%	35.34%	115.45%	14.68%	48.92%
Free Cash Flow	-1,016	-157.94	457.13	2,023	747.04	477.97
Free Cash Flow Per Share	-3.03	-0.48	1.38	6.11	2.24	1.43
Dividend Per Share	2.150	2.150	1.500	0.800	0.450	-
Dividend Growth	43.33%	43.33%	87.50%	77.67%	-	-
Gross Margin	69.11%	74.50%	77.72%	77.76%	75.37%	75.08%
Operating Margin	23.37%	31.45%	35.09%	32.66%	28.54%	27.06%
Profit Margin	18.20%	25.02%	27.83%	25.07%	21.49%	19.17%
Free Cash Flow Margin	-16.15%	-2.23%	7.55%	40.72%	27.63%	18.04%
EBITDA	1,643	2,369	2,224	1,721	846.54	776.86
EBITDA Margin	26.11%	33.45%	36.73%	34.64%	31.31%	29.31%
D&A For EBITDA	172.88	141.33	99.26	98.33	74.9	59.68
EBIT	1,470	2,227	2,125	1,623	771.64	717.18
EBIT Margin	23.37%	31.45%	35.09%	32.66%	28.54%	27.06%
Effective Tax Rate	25.35%	23.94%	24.29%	24.57%	24.18%	23.85%
Revenue as Reported	6,292	7,081	6,056	4,969	2,704	2,650

Source: S&P Capital IQ. Standard template. Financial Sources.