Anhui Kouzi Distillery Co., Ltd. (SHA:603589)

Anhui Kouzi Distillery 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	5,918	5,876	5,849	5,059	4,967	3,962
Other Revenue	139.2	139.2	113.17	75.82	61.78	48.7
Revenue	6,058	6,015	5,962	5,135	5,029	4,011
Revenue Growth (YoY)	-1.31%	0.89%	16.10%	2.12%	25.37%	-14.15%
Cost of Revenue	1,579	1,564	1,508	1,346	1,344	1,015
Gross Profit	4,478	4,451	4,454	3,789	3,685	2,996
Selling, General & Admin	1,318	1,298	1,215	949.07	864.89	760.19
Research & Development	35.26	30.28	33.64	24.57	21.56	17.99
Other Operating Expenses	930.85	912.91	901.03	782.08	768.36	615.73
Operating Expenses	2,285	2,242	2,149	1,756	1,655	1,393
Operating Income	2,194	2,209	2,305	2,033	2,030	1,602
Interest Expense	-1.02	-1.51	-1.03	-1.53	-0.4	-
Interest & Investment Income	57.6	30.3	33.51	66.37	54.3	69.72
Other Non Operating Income (Expenses)	-1.68	-1.12	-0.68	-0.82	-0.73	-0.64
EBT Excluding Unusual Items	2,249	2,236	2,337	2,097	2,083	1,671
Gain (Loss) on Sale of Investments	6.06	2.24	7.41	1.34	16.01	16.15
Gain (Loss) on Sale of Assets	40.55	40.55	-	-0.09	261.45	-1.57
Asset Writedown	-0.56	-0.56	-20.23	-	-	-
Other Unusual Items	-6.44	-5.07	3.7	3.81	4.69	-16.52
Pretax Income	2,288	2,274	2,328	2,102	2,365	1,670
Income Tax Expense	611.76	618.3	606.38	552.28	637.82	393.77
Net Income	1,676	1,655	1,721	1,550	1,727	1,276
Net Income to Common	1,676	1,655	1,721	1,550	1,727	1,276
Net Income Growth	-5.55%	-3.83%	11.04%	-10.24%	35.38%	-25.84%
Shares Outstanding (Basic)	599	600	600	601	600	599
Shares Outstanding (Diluted)	599	600	600	601	600	599
Shares Change (YoY)	-0.10%	-0.00%	-0.18%	0.19%	0.12%	-0.07%
EPS (Basic)	2.80	2.76	2.87	2.58	2.88	2.13
EPS (Diluted)	2.80	2.76	2.87	2.58	2.88	2.13
EPS Growth	-5.46%	-3.83%	11.24%	-10.42%	35.21%	-25.78%
Free Cash Flow	898.75	1,052	620.61	430.93	185.75	113.83
Free Cash Flow Per Share	1.50	1.75	1.03	0.72	0.31	0.19
Dividend Per Share	1.300	1.300	1.500	1.500	1.500	1.200
Dividend Growth	-13.33%	-13.33%	-	-	25.00%	-20.00%
Gross Margin	73.93%	74.00%	74.71%	73.79%	73.27%	74.69%
Operating Margin	36.22%	36.72%	38.66%	39.60%	40.36%	39.95%
Profit Margin	27.68%	27.52%	28.87%	30.19%	34.34%	31.80%
Free Cash Flow Margin	14.84%	17.49%	10.41%	8.39%	3.69%	2.84%
EBITDA	2,504	2,511	2,575	2,238	2,209	1,756
EBITDA Margin	41.34%	41.75%	43.19%	43.59%	43.92%	43.78%
D&A For EBITDA	310.58	302.5	270.16	204.78	178.91	153.68
EBIT	2,194	2,209	2,305	2,033	2,030	1,602
EBIT Margin	36.22%	36.72%	38.66%	39.60%	40.36%	39.95%
Effective Tax Rate	26.73%	27.20%	26.05%	26.27%	26.97%	23.59%
Revenue as Reported	6,058	6,015	5,962	5,135	5,029	4,011
Advertising Expenses	-	819	728.92	622.91	563.43	473.46

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