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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	5,262	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	5,305	5,124	4,901	4,112	3,890	3,287
Revenue Growth (YoY)	3.47%	4.55%	19.17%	5.72%	18.32%	8.54%
Cost of Revenue	3,715	3,559	3,210	2,699	2,451	2,022
Gross Profit	1,590	1,564	1,691	1,413	1,439	1,265
Selling, General & Admin	907.22	907.18	916.41	769.26	709.46	624.54
Research & Development	74.19	81.81	87.01	83.8	77.45	77.38
Other Operating Expenses	38.4	27.9	21.5	30.29	34.79	28.25
Operating Expenses	973.03	1,013	1,039	884.63	823.34	734.39
Operating Income	617.41	551.64	652.18	528.23	615.55	531.04
Interest Expense	-8.34	-37.33	-46.38	-24.48	-20.21	-0.69
Interest & Investment Income	23.44	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)	-44.4	-5.34	-3.97	-5.64	-3.42	-2.83
EBT Excluding Unusual Items	588.55	588.11	678.93	577.57	654.46	554.04
Impairment of Goodwill	-	-	-	-	-18.52	-
Gain (Loss) on Sale of Investments	4.23	2.64	6.27	38.53	19.19	2.09
Gain (Loss) on Sale of Assets	3.04	3.07	0.16	-3.88	-0.52	-4.82
Other Unusual Items	41.43	45.16	32.08	31.83	28.2	14.36
Pretax Income	637.25	638.97	717.43	644.06	682.82	565.66
Income Tax Expense	116.85	119.96	134.23	107.82	117.93	101.42
Earnings From Continuing Operations	520.4	519.01	583.2	536.24	564.89	464.24
Minority Interest in Earnings	-25.14	-25.16	-32.72	-13	-7.25	-0.64
Net Income	495.26	493.86	550.48	523.24	557.63	463.6
Net Income to Common	495.26	493.86	550.48	523.24	557.63	463.6
Net Income Growth	-2.29%	-10.29%	5.21%	-6.17%	20.28%	20.69%
Shares Outstanding (Basic)	568	569	569	567	566	566
Shares Outstanding (Diluted)	568	569	569	567	566	566
Shares Change (YoY)	-0.19%	0.00%	0.32%	0.24%	-0.01%	-0.00%
EPS (Basic)	0.87	0.87	0.97	0.92	0.99	0.82
EPS (Diluted)	0.87	0.87	0.97	0.92	0.99	0.82
EPS Growth	-2.11%	-10.29%	4.88%	-6.39%	20.29%	20.69%
Free Cash Flow	531.15	526.12	679.76	18.63	417.12	518.07
Free Cash Flow Per Share	0.94	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	29.98%	30.53%	34.50%	34.36%	36.99%	38.49%
Operating Margin	11.64%	10.77%	13.31%	12.85%	15.82%	16.15%
Profit Margin	9.34%	9.64%	11.23%	12.72%	14.34%	14.10%
Free Cash Flow Margin	10.01%	10.27%	13.87%	0.45%	10.72%	15.76%
EBITDA	761.5	686.94	775.77	628.01	696.54	599.48
EBITDA Margin	14.35%	13.41%	15.83%	15.27%	17.91%	18.23%
D&A For EBITDA	144.08	135.3	123.59	99.77	80.99	68.44
EBIT	617.41	551.64	652.18	528.23	615.55	531.04
EBIT Margin	11.64%	10.77%	13.31%	12.85%	15.82%	16.15%
Effective Tax Rate	18.34%	18.77%	18.71%	16.74%	17.27%	17.93%
Revenue as Reported	1,021	5,124	4,901	4,112	3,890	3,287

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