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

Jiangsu King's Luck Brewery Joint-Stock Co.,Ltd. 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	11,615	10,038	7,854	6,380	5,096	4,852
Other Revenue	59.78	59.78	30.55	25.88	22.89	18.03
Revenue	11,675	10,098	7,885	6,406	5,119	4,870
Revenue Growth (YoY)	19.97%	28.07%	23.09%	25.12%	5.12%	30.35%
Cost of Revenue	2,770	2,197	1,856	1,634	1,483	1,334
Gross Profit	8,905	7,901	6,028	4,772	3,636	3,536
Selling, General & Admin	2,630	2,515	1,702	1,218	1,100	1,051
Research & Development	47.42	42.96	37.58	30.41	22.3	14.22
Other Operating Expenses	1,741	1,497	1,277	1,105	891.89	881.14
Operating Expenses	4,419	4,055	3,017	2,354	2,012	1,945
Operating Income	4,486	3,845	3,011	2,418	1,624	1,591
Interest Expense	-12.01	-12.98	-8.42	-1.02	-6.53	-0.65
Interest & Investment Income	257.71	308.59	242.05	196.99	332.16	231.83
Currency Exchange Gain (Loss)	0.02	0.02	0.15	-0.05	-0.13	-0.02
Other Non Operating Income (Expenses)	13.6	1.81	-9.97	-6.77	-7.09	-13.18
EBT Excluding Unusual Items	4,746	4,143	3,235	2,607	1,942	1,809
Gain (Loss) on Sale of Investments	5.55	17.16	84	97.62	147.33	131.13
Gain (Loss) on Sale of Assets	-0.06	0.06	0	-	-6.62	-
Asset Writedown	-0.43	-0.43	-0.07	-0.53	-	-0.13
Other Unusual Items	17.71	2.21	8.51	-4.69	-1.17	1.86
Pretax Income	4,768	4,162	3,328	2,699	2,082	1,942
Income Tax Expense	1,182	1,026	824.9	670.3	515.03	483.67
Earnings From Continuing Operations	3,586	3,136	2,503	2,029	1,567	1,458
Minority Interest in Earnings	-	-	-	-	-	-0.02
Net Income	3,586	3,136	2,503	2,029	1,567	1,458
Net Income to Common	3,586	3,136	2,503	2,029	1,567	1,458
Net Income Growth	17.31%	25.30%	23.34%	29.50%	7.46%	26.71%
Shares Outstanding (Basic)	1,247	1,247	1,247	1,254	1,255	1,254
Shares Outstanding (Diluted)	1,247	1,247	1,247	1,254	1,255	1,254
Shares Change (YoY)	0.02%	0.02%	-0.56%	-0.05%	0.00%	0.00%
EPS (Basic)	2.88	2.52	2.01	1.62	1.25	1.16
EPS (Diluted)	2.88	2.51	2.01	1.62	1.25	1.16
EPS Growth	17.29%	25.28%	24.04%	29.57%	7.46%	26.71%
Free Cash Flow	1,211	605.95	1,633	2,447	723.5	1,157
Free Cash Flow Per Share	0.97	0.49	1.31	1.95	0.58	0.92
Dividend Per Share	1.000	1.000	0.730	0.590	0.450	0.410
Dividend Growth	36.99%	36.99%	23.73%	31.11%	9.76%	24.24%
Gross Margin	76.27%	78.24%	76.46%	74.50%	71.03%	72.60%
Operating Margin	38.43%	38.08%	38.19%	37.75%	31.72%	32.67%
Profit Margin	30.72%	31.06%	31.74%	31.68%	30.61%	29.94%
Free Cash Flow Margin	10.37%	6.00%	20.71%	38.21%	14.13%	23.76%
EBITDA	4,628	3,985	3,149	2,533	1,731	1,686
EBITDA Margin	39.64%	39.47%	39.94%	39.55%	33.81%	34.63%
D&A For EBITDA	141.44	139.9	137.84	115.5	107.01	95.52
EBIT	4,486	3,845	3,011	2,418	1,624	1,591
EBIT Margin	38.43%	38.08%	38.19%	37.75%	31.72%	32.67%
Effective Tax Rate	24.79%	24.65%	24.79%	24.83%	24.74%	24.91%
Revenue as Reported	11,677	10,100	7,888	6,408	5,122	4,874
Advertising Expenses	-	1,643	1,032	675.55	639.42	628.29

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