Guangzhou Restaurant Group Company Limited (SHA:603043)

SHA:603043 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	5,114	5,081	4,858	4,074	3,847	3,251
Other Revenue	43.01	43.01	42.77	38.81	43.19	36.51
Revenue	5,157	5,124	4,901	4,112	3,890	3,287
Revenue Growth (YoY)	3.29%	4.55%	19.17%	5.72%	18.32%	8.54%
Cost of Revenue	3,630	3,559	3,210	2,699	2,451	2,022
Gross Profit	1,528	1,564	1,691	1,413	1,439	1,265
Selling, General & Admin	907.34	907.18	916.41	769.26	709.46	624.54
Research & Development	78.01	81.81	87.01	83.8	77.45	77.38
Other Operating Expenses	27.85	27.9	21.5	30.29	34.79	28.25
Operating Expenses	1,009	1,013	1,039	884.63	823.34	734.39
Operating Income	518.78	551.64	652.18	528.23	615.55	531.04
Interest Expense	-37.49	-37.33	-46.38	-24.48	-20.21	-0.69
Interest & Investment Income	82.08	78.7	76.8	78.6	62.71	27
Currency Exchange Gain (Loss)	0.44	0.44	0.29	0.85	-0.18	-0.49
Other Non Operating Income (Expenses)	-5.68	-5.34	-3.97	-5.64	-3.42	-2.83
EBT Excluding Unusual Items	558.13	588.11	678.93	577.57	654.46	554.04
Impairment of Goodwill	-	-	-	-	-18.52	-
Gain (Loss) on Sale of Investments	2.81	2.64	6.27	38.53	19.19	2.09
Gain (Loss) on Sale of Assets	2.1	3.07	0.16	-3.88	-0.52	-4.82
Other Unusual Items	45.56	45.16	32.08	31.83	28.2	14.36
Pretax Income	612.17	638.97	717.43	644.06	682.82	565.66
Income Tax Expense	111.56	119.96	134.23	107.82	117.93	101.42
Earnings From Continuing Operations	500.61	519.01	583.2	536.24	564.89	464.24
Minority Interest in Earnings	-26.53	-25.16	-32.72	-13	-7.25	-0.64
Net Income	474.09	493.86	550.48	523.24	557.63	463.6
Net Income to Common	474.09	493.86	550.48	523.24	557.63	463.6
Net Income Growth	-14.12%	-10.29%	5.21%	-6.17%	20.28%	20.69%
Shares Outstanding (Basic)	569	569	569	567	566	566
Shares Outstanding (Diluted)	569	569	569	567	566	566
Shares Change (YoY)	-0.03%	0.00%	0.32%	0.24%	-0.01%	-0.00%
EPS (Basic)	0.83	0.87	0.97	0.92	0.99	0.82
EPS (Diluted)	0.83	0.87	0.97	0.92	0.99	0.82
EPS Growth	-14.09%	-10.29%	4.88%	-6.39%	20.29%	20.69%
Free Cash Flow	362.78	526.12	679.76	18.63	417.12	518.07
Free Cash Flow Per Share	0.64	0.93	1.20	0.03	0.74	0.92
Dividend Per Share	0.480	0.480	0.480	0.400	0.400	0.286
Dividend Growth	-	-	20.00%	-	40.01%	33.32%
Gross Margin	29.62%	30.53%	34.50%	34.36%	36.99%	38.49%
Operating Margin	10.06%	10.77%	13.31%	12.85%	15.82%	16.15%
Profit Margin	9.19%	9.64%	11.23%	12.72%	14.34%	14.10%
Free Cash Flow Margin	7.03%	10.27%	13.87%	0.45%	10.72%	15.76%
EBITDA	657.01	686.94	775.77	628.01	696.54	599.48
EBITDA Margin	12.74%	13.41%	15.83%	15.27%	17.91%	18.23%
D&A For EBITDA	138.23	135.3	123.59	99.77	80.99	68.44
EBIT	518.78	551.64	652.18	528.23	615.55	531.04
EBIT Margin	10.06%	10.77%	13.31%	12.85%	15.82%	16.15%
Effective Tax Rate	18.22%	18.77%	18.71%	16.74%	17.27%	17.93%
Revenue as Reported	5,157	5,124	4,901	4,112	3,890	3,287

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