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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	4,688	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	4,827	6,015	5,962	5,135	5,029	4,011
Revenue Growth (YoY)	-17.88%	0.89%	16.10%	2.12%	25.37%	-14.15%
Cost of Revenue	1,385	1,564	1,508	1,346	1,344	1,015
Gross Profit	3,442	4,451	4,454	3,789	3,685	2,996
Selling, General & Admin	1,192	1,298	1,215	949.07	864.89	760.19
Research & Development	34.86	30.28	33.64	24.57	21.56	17.99
Other Operating Expenses	771.31	912.91	901.03	782.08	768.36	615.73
Operating Expenses	2,000	2,242	2,149	1,756	1,655	1,393
Operating Income	1,442	2,209	2,305	2,033	2,030	1,602
Interest Expense	-0.98	-1.51	-1.03	-1.53	-0.4	-
Interest & Investment Income	48.56	30.3	33.51	66.37	54.3	69.72
Other Non Operating Income (Expenses)	4.83	-1.12	-0.68	-0.82	-0.73	-0.64
EBT Excluding Unusual Items	1,495	2,236	2,337	2,097	2,083	1,671
Gain (Loss) on Sale of Investments	9.81	2.24	7.41	1.34	16.01	16.15
Gain (Loss) on Sale of Assets	4.9	40.55	-	-0.09	261.45	-1.57
Asset Writedown	-0.56	-0.56	-20.23	-	-	-
Other Unusual Items	-6.04	-5.07	3.7	3.81	4.69	-16.52
Pretax Income	1,503	2,274	2,328	2,102	2,365	1,670
Income Tax Expense	415.96	618.3	606.38	552.28	637.82	393.77
Net Income	1,087	1,655	1,721	1,550	1,727	1,276
Net Income to Common	1,087	1,655	1,721	1,550	1,727	1,276
Net Income Growth	-35.45%	-3.83%	11.04%	-10.24%	35.38%	-25.84%
Shares Outstanding (Basic)	600	600	600	601	600	599
Shares Outstanding (Diluted)	600	600	600	601	600	599
Shares Change (YoY)	0.10%	-0.00%	-0.18%	0.19%	0.12%	-0.07%
EPS (Basic)	1.81	2.76	2.87	2.58	2.88	2.13
EPS (Diluted)	1.81	2.76	2.87	2.58	2.88	2.13
EPS Growth	-35.51%	-3.83%	11.24%	-10.42%	35.21%	-25.78%
Free Cash Flow	290.55	1,052	620.61	430.93	185.75	113.83
Free Cash Flow Per Share	0.48	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	71.30%	74.00%	74.71%	73.79%	73.27%	74.69%
Operating Margin	29.88%	36.72%	38.66%	39.60%	40.36%	39.95%
Profit Margin	22.51%	27.52%	28.87%	30.19%	34.34%	31.80%
Free Cash Flow Margin	6.02%	17.49%	10.41%	8.39%	3.69%	2.84%
EBITDA	1,769	2,511	2,575	2,238	2,209	1,756
EBITDA Margin	36.65%	41.75%	43.19%	43.59%	43.92%	43.78%
D&A For EBITDA	326.75	302.5	270.16	204.78	178.91	153.68
EBIT	1,442	2,209	2,305	2,033	2,030	1,602
EBIT Margin	29.88%	36.72%	38.66%	39.60%	40.36%	39.95%
Effective Tax Rate	27.68%	27.20%	26.05%	26.27%	26.97%	23.59%
Revenue as Reported	4,827	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.