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	Jun 30, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020	Dec 31, 2019
Operating Revenue	32,102	29,832	24,766	20,415	16,448	15,616
Other Revenue	443.5	400.87	357.44	227.09	204.89	201.22
Revenue	32,545	30,233	25,124	20,642	16,653	15,817
Revenue Growth (YoY)	16.02%	20.34%	21.71%	23.96%	5.28%	21.15%
Cost of Revenue	3,769	3,537	3,370	2,952	2,823	3,065
Gross Profit	28,776	26,696	21,754	17,690	13,829	12,752
Selling, General & Admin	5,246	5,114	4,611	4,655	3,935	5,015
Research & Development	238.07	225.96	206.25	137.71	85.86	71.64
Other Operating Expenses	4,601	4,131	3,522	2,864	2,223	1,976
Operating Expenses	10,085	9,472	8,340	7,657	6,243	7,063
Operating Income	18,691	17,224	13,414	10,033	7,586	5,689
Interest Expense	-493.8	-488.76	-231.37	-197.08	-190.37	-139.6
Interest & Investment Income	886.55	948.73	610.46	622.1	534.93	499.37
Currency Exchange Gain (Loss)	-0.94	2.2	16.07	-3.65	-8.94	1.92
Other Non Operating Income (Expenses)	-11.63	-4.4	-5	78.85	-2.2	-2.13
EBT Excluding Unusual Items	19,072	17,682	13,804	10,533	7,920	6,048
Gain (Loss) on Sale of Investments	63.46	62.99	-12.02	6.35	-	-
Gain (Loss) on Sale of Assets	46.23	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	33.25	14.72	53.58	12.32	15.16	32.46
Pretax Income	19,216	17,806	13,855	10,551	7,939	6,104
Income Tax Expense	5,002	4,517	3,444	2,614	1,981	1,462
Earnings From Continuing Operations	14,213	13,289	10,411	7,937	5,959	4,642
Minority Interest in Earnings	-29.79	-42.27	-45.21	18.29	47.21	-0.25
Net Income	14,184	13,246	10,365	7,956	6,006	4,642
Net Income to Common	14,184	13,246	10,365	7,956	6,006	4,642
Net Income Growth	18.95%	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)	0.01%	0.03%	0.21%	0.02%	0.03%	-0.01%
EPS (Basic)	9.66	9.02	7.06	5.43	4.10	3.17
EPS (Diluted)	9.66	9.02	7.06	5.43	4.10	3.17
EPS Growth	18.94%	27.76%	30.02%	32.44%	29.34%	33.19%
Free Cash Flow	11,958	9,147	7,227	5,719	2,772	236.39
Free Cash Flow Per Share	8.15	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	88.42%	88.30%	86.59%	85.70%	83.05%	80.62%
Operating Margin	57.43%	56.97%	53.39%	48.61%	45.56%	35.97%
Profit Margin	43.58%	43.81%	41.26%	38.54%	36.06%	29.35%
Free Cash Flow Margin	36.74%	30.25%	28.77%	27.71%	16.65%	1.49%
EBITDA	19,400	17,885	14,042	10,584	7,895	5,856
EBITDA Margin	59.61%	59.16%	55.89%	51.27%	47.41%	37.02%
D&A For EBITDA	708.63	660.95	628.22	551.03	308.24	167.36
EBIT	18,691	17,224	13,414	10,033	7,586	5,689
EBIT Margin	57.43%	56.97%	53.39%	48.61%	45.56%	35.97%
Effective Tax Rate	26.03%	25.37%	24.86%	24.77%	24.95%	23.95%
Revenue as Reported	32,545	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.