Foshan Haitian Flavouring and Food Company Ltd. (SHA: 603288)

Foshan Haitian Flavouring and Food Company 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	24,564	22,815	23,794	23,597	21,631	18,762
Other Revenue	1,744	1,744	1,816	1,408	1,161	1,035
Revenue	26,308	24,559	25,610	25,004	22,792	19,797
Revenue Growth (YoY)	4.54%	-4.10%	2.42%	9.71%	15.13%	16.22%
Cost of Revenue	16,897	16,032	16,473	15,337	13,181	10,801
Gross Profit	9,411	8,527	9,137	9,667	9,611	8,996
Selling, General & Admin	2,059	1,831	1,820	1,751	1,727	2,453
Research & Development	816.45	715.42	751.34	771.92	711.75	587.43
Other Operating Expenses	32.22	120.68	207.19	74.74	211.34	203.35
Operating Expenses	2,912	2,668	2,781	2,600	2,652	3,243
Operating Income	6,499	5,859	6,356	7,067	6,959	5,753
Interest Expense	-21.88	-11.89	-14.5	-8.66	-5.29	-1.09
Interest & Investment Income	586.85	621.65	763.29	644.91	435.71	354.41
Currency Exchange Gain (Loss)	1.37	1.37	3.77	-5.46	-0.37	-0.33
Other Non Operating Income (Expenses)	-20.95	-8.73	-7.27	-7.15	-2.01	-0.56
EBT Excluding Unusual Items	7,045	6,462	7,101	7,691	7,387	6,105
Impairment of Goodwill	-	-	-15.49	-	-	-17.18
Gain (Loss) on Sale of Investments	210.93	212.85	121.26	128.2	138.91	172.69
Gain (Loss) on Sale of Assets	-1.42	-0.61	1.19	1.19	-4.86	-4.34
Asset Writedown	-97.9	-0.34	-0.34	-0.45	-0.43	-
Other Unusual Items	69.53	65.43	156.45	0.77	121.36	120.92
Pretax Income	7,226	6,739	7,364	7,821	7,642	6,377
Income Tax Expense	1,094	1,097	1,161	1,149	1,233	1,021
Earnings From Continuing Operations	6,132	5,642	6,203	6,671	6,409	5,356
Minority Interest in Earnings	-19.33	-15.56	-5.45	-0.71	-6.17	-3.06
Net Income	6,113	5,627	6,198	6,671	6,403	5,353
Net Income to Common	6,113	5,627	6,198	6,671	6,403	5,353
Net Income Growth	4.33%	-9.21%	-7.09%	4.18%	19.61%	22.64%
Shares Outstanding (Basic)	5,560	5,571	5,584	5,559	5,560	5,568
Shares Outstanding (Diluted)	5,560	5,571	5,584	5,559	5,560	5,568
Shares Change (YoY)	-0.34%	-0.23%	0.44%	-0.03%	-0.13%	0.35%
EPS (Basic)	1.10	1.01	1.11	1.20	1.15	0.96
EPS (Diluted)	1.10	1.01	1.11	1.20	1.15	0.96
EPS Growth	4.69%	-9.01%	-7.50%	4.21%	19.76%	22.22%
Free Cash Flow	4,965	5,432	2,312	5,293	6,043	5,985
Free Cash Flow Per Share	0.89	0.97	0.41	0.95	1.09	1.07
Dividend Per Share	0.660	0.660	0.583	0.576	0.600	0.524
Dividend Growth	13.15%	13.15%	1.32%	-4.08%	14.43%	10.21%
Gross Margin	35.77%	34.72%	35.68%	38.66%	42.17%	45.44%
Operating Margin	24.70%	23.86%	24.82%	28.26%	30.53%	29.06%
Profit Margin	23.24%	22.91%	24.20%	26.68%	28.09%	27.04%
Free Cash Flow Margin	18.87%	22.12%	9.03%	21.17%	26.52%	30.23%
EBITDA	7,461	6,758	7,170	7,790	7,534	6,231
EBITDA Margin	28.36%	27.52%	28.00%	31.16%	33.05%	31.48%
D&A For EBITDA	962.02	898.48	813.77	722.69	574.43	478.58
EBIT	6,499	5,859	6,356	7,067	6,959	5,753
EBIT Margin	24.70%	23.86%	24.82%	28.26%	30.53%	29.06%
Effective Tax Rate	15.14%	16.28%	15.77%	14.70%	16.14%	16.01%
Revenue as Reported	26,308	24,559	25,610	25,004	22,792	19,797
Advertising Expenses	-	208	397.43	453.13	485.83	859.68

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