Luzhou Laojiao Co.,Ltd (SHE: 000568)

Luzhou Laojiao 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	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020	Dec 31, 2019
Operating Revenue	32,193	29,832	24,766	20,415	16,448	15,616
Other Revenue	400.87	400.87	357.44	227.09	204.89	201.22
Revenue	32,594	30,233	25,124	20,642	16,653	15,817
Revenue Growth (YoY)	10.33%	20.34%	21.71%	23.96%	5.28%	21.15%
Cost of Revenue	3,813	3,537	3,370	2,952	2,823	3,065
Gross Profit	28,781	26,696	21,754	17,690	13,829	12,752
Selling, General & Admin	5,132	5,114	4,611	4,655	3,935	5,015
Research & Development	240.47	225.96	206.25	137.71	85.86	71.64
Other Operating Expenses	4,594	4,131	3,522	2,864	2,223	1,976
Operating Expenses	9,967	9,472	8,340	7,657	6,243	7,063
Operating Income	18,814	17,224	13,414	10,033	7,586	5,689
Interest Expense	-479.85	-488.76	-231.37	-197.08	-190.37	-139.6
Interest & Investment Income	912.87	948.73	610.46	622.1	534.93	499.37
Currency Exchange Gain (Loss)	2.2	2.2	16.07	-3.65	-8.94	1.92
Other Non Operating Income (Expenses)	-33.46	-4.4	-5	78.85	-2.2	-2.13
EBT Excluding Unusual Items	19,216	17,682	13,804	10,533	7,920	6,048
Gain (Loss) on Sale of Investments	51.14	62.99	-12.02	6.35	-	-
Gain (Loss) on Sale of Assets	46.41	44.69	19.81	-0.35	8.12	27.18
Asset Writedown	1.35	1.35	-10.78	-0.81	-4.04	-3.97
Other Unusual Items	5.99	14.72	53.58	12.32	15.16	32.46
Pretax Income	19,321	17,806	13,855	10,551	7,939	6,104
Income Tax Expense	5,026	4,517	3,444	2,614	1,981	1,462
Earnings From Continuing Operations	14,295	13,289	10,411	7,937	5,959	4,642
Minority Interest in Earnings	-21.41	-42.27	-45.21	18.29	47.21	-0.25
Net Income	14,273	13,246	10,365	7,956	6,006	4,642
Net Income to Common	14,273	13,246	10,365	7,956	6,006	4,642
Net Income Growth	12.26%	27.79%	30.29%	32.47%	29.38%	33.17%
Shares Outstanding (Basic)	1,468	1,469	1,468	1,465	1,465	1,464
Shares Outstanding (Diluted)	1,468	1,469	1,468	1,465	1,465	1,464
Shares Change (YoY)	0.04%	0.03%	0.21%	0.02%	0.03%	-0.01%
EPS (Basic)	9.72	9.02	7.06	5.43	4.10	3.17
EPS (Diluted)	9.72	9.02	7.06	5.43	4.10	3.17
EPS Growth	12.22%	27.76%	30.02%	32.44%	29.34%	33.19%
Free Cash Flow	12,827	9,147	7,227	5,719	2,772	236.39
Free Cash Flow Per Share	8.74	6.23	4.92	3.90	1.89	0.16
Dividend Per Share	5.400	5.400	4.225	3.244	2.051	1.590
Dividend Growth	27.81%	27.81%	30.24%	58.17%	28.99%	2.58%
Gross Margin	88.30%	88.30%	86.59%	85.70%	83.05%	80.62%
Operating Margin	57.72%	56.97%	53.39%	48.61%	45.56%	35.97%
Profit Margin	43.79%	43.81%	41.26%	38.54%	36.06%	29.35%
Free Cash Flow Margin	39.35%	30.25%	28.77%	27.71%	16.65%	1.49%
EBITDA	19,500	17,885	14,042	10,584	7,895	5,856
EBITDA Margin	59.83%	59.16%	55.89%	51.27%	47.41%	37.02%
D&A For EBITDA	685.5	660.95	628.22	551.03	308.24	167.36
EBIT	18,814	17,224	13,414	10,033	7,586	5,689
EBIT Margin	57.72%	56.97%	53.39%	48.61%	45.56%	35.97%
Effective Tax Rate	26.01%	25.37%	24.86%	24.77%	24.95%	23.95%
Revenue as Reported	32,594	30,233	25,124	20,642	16,653	15,817
Advertising Expenses	-	3,094	2,593	2,908	2,391	3,264

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