Jiangsu King's Luck Brewery Joint-Stock Co.,Ltd. (SHA:603369)

SHA:603369 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	10,418	11,478	10,038	7,854	6,380	5,096
Other Revenue	66.8	66.8	59.78	30.55	25.88	22.89
Revenue	10,485	11,544	10,098	7,885	6,406	5,119
Revenue Growth (YoY)	-10.20%	14.32%	28.07%	23.09%	25.12%	5.12%
Cost of Revenue	2,700	2,928	2,197	1,856	1,634	1,483
Gross Profit	7,784	8,616	7,901	6,028	4,772	3,636
Selling, General & Admin	2,665	2,592	2,515	1,702	1,218	1,100
Research & Development	51.97	48.78	42.96	37.58	30.41	22.3
Other Operating Expenses	1,624	1,685	1,497	1,277	1,105	891.89
Operating Expenses	4,327	4,312	4,055	3,017	2,354	2,012
Operating Income	3,457	4,304	3,845	3,011	2,418	1,624
Interest Expense	-9.3	-9.12	-12.98	-8.42	-1.02	-6.53
Interest & Investment Income	167.67	165.01	308.59	242.05	196.99	332.16
Currency Exchange Gain (Loss)	0	0	0.02	0.15	-0.05	-0.13
Other Non Operating Income (Expenses)	11.1	5.79	1.81	-9.97	-6.77	-7.09
EBT Excluding Unusual Items	3,627	4,466	4,143	3,235	2,607	1,942
Gain (Loss) on Sale of Investments	153.86	53.24	17.16	84	97.62	147.33
Gain (Loss) on Sale of Assets	-0.02	-0	0.06	0	-	-6.62
Asset Writedown	-0.35	-0.35	-0.43	-0.07	-0.53	-
Other Unusual Items	28.71	28.71	2.21	8.51	-4.69	-1.17
Pretax Income	3,809	4,547	4,162	3,328	2,699	2,082
Income Tax Expense	933.95	1,135	1,026	824.9	670.3	515.03
Earnings From Continuing Operations	2,875	3,412	3,136	2,503	2,029	1,567
Net Income	2,875	3,412	3,136	2,503	2,029	1,567
Net Income to Common	2,875	3,412	3,136	2,503	2,029	1,567
Net Income Growth	-19.83%	8.80%	25.30%	23.34%	29.50%	7.46%
Shares Outstanding (Basic)	1,247	1,247	1,247	1,247	1,254	1,255
Shares Outstanding (Diluted)	1,247	1,247	1,247	1,247	1,254	1,255
Shares Change (YoY)	0.00%	0.00%	-	-0.56%	-0.05%	0.00%
EPS (Basic)	2.31	2.74	2.52	2.01	1.62	1.25
EPS (Diluted)	2.31	2.74	2.52	2.01	1.62	1.25
EPS Growth	-19.83%	8.79%	25.30%	24.04%	29.57%	7.46%
Free Cash Flow	-376.93	1,050	605.95	1,633	2,447	723.5
Free Cash Flow Per Share	-0.30	0.84	0.49	1.31	1.95	0.58
Dividend Per Share	1.200	1.200	1.000	0.730	0.590	0.450
Dividend Growth	20.00%	20.00%	36.99%	23.73%	31.11%	9.76%
Gross Margin	74.24%	74.63%	78.24%	76.46%	74.50%	71.03%
Operating Margin	32.98%	37.28%	38.08%	38.19%	37.75%	31.72%
Profit Margin	27.42%	29.55%	31.06%	31.74%	31.68%	30.61%
Free Cash Flow Margin	-3.60%	9.10%	6.00%	20.71%	38.21%	14.13%
EBITDA	3,625	4,461	3,989	3,149	2,533	1,731
EBITDA Margin	34.58%	38.65%	39.51%	39.94%	39.55%	33.81%
D&A For EBITDA	167.63	157.47	143.94	137.84	115.5	107.01
EBIT	3,457	4,304	3,845	3,011	2,418	1,624
EBIT Margin	32.98%	37.28%	38.08%	38.19%	37.75%	31.72%
Effective Tax Rate	24.52%	24.96%	24.65%	24.79%	24.83%	24.74%
Revenue as Reported	10,486	11,546	10,100	7,888	6,408	5,122
Advertising Expenses	-	1,595	1,643	1,032	675.55	639.42

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.