Luzhou Laojiao Co.,Ltd Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Operating Revenue	16,998	25,458	30,742	29,832	24,766	20,415
Other Revenue	273.05	273.05	453.77	400.87	357.44	227.09
Revenue	17,271	25,731	31,196	30,233	25,124	20,642
Revenue Growth	-42.47%	-17.52%	3.19%	20.34%	21.71%	23.96%
Cost of Revenue	2,861	3,442	3,888	3,537	3,370	2,952
Gross Profit	14,410	22,289	27,308	26,696	21,754	17,690
Selling, General & Admin	3,704	4,200	4,639	5,114	4,611	4,655
Research & Development	202.33	215.86	260.98	225.96	206.25	137.71
Other Operating Expenses	3,636	3,925	4,751	4,131	3,522	2,864
Operating Expenses	7,543	8,340	9,651	9,472	8,340	7,657
Operating Income	6,867	13,949	17,657	17,224	13,414	10,033
Interest Expense	-120.79	-156.57	-304.31	-488	-229.67	-197.08
Interest & Investment Income	736.89	804.39	797.92	948.73	610.46	622.1
Currency Exchange Gain (Loss)	-4.82	-4.82	3.17	2.2	16.07	-3.65
Other Non Operating Income (Expenses)	59.11	35.09	-7.33	-5.16	-6.69	78.85
EBT Excluding Unusual Items	7,537	14,627	18,147	17,682	13,804	10,533
Gain (Loss) on Sale of Investments	17.73	7.78	17.65	62.99	-12.02	6.35
Gain (Loss) on Sale of Assets	0.49	-0.53	1.06	44.69	19.81	-0.35
Asset Writedown	0.57	0.57	-13.33	1.35	-10.78	-0.81
Other Unusual Items	19.17	18.86	53	14.72	53.58	12.32
Pretax Income	7,575	14,654	18,205	17,806	13,855	10,551
Income Tax Expense	1,789	3,794	4,708	4,517	3,444	2,614
Earnings From Continuing Operations	5,786	10,860	13,498	13,289	10,411	7,937
Minority Interest in Earnings	-46.8	-29.2	-24.79	-42.27	-45.21	18.29
Net Income	5,739	10,831	13,473	13,246	10,365	7,956
Net Income to Common	5,739	10,831	13,473	13,246	10,365	7,956
Net Income Growth	-54.60%	-19.61%	1.71%	27.79%	30.29%	32.47%
Shares Outstanding (Basic)	1,472	1,472	1,468	1,469	1,468	1,465
Shares Outstanding (Diluted)	1,472	1,472	1,468	1,469	1,468	1,465
Shares Change	0.15%	0.27%	-0.06%	0.03%	0.21%	0.02%
EPS (Basic)	3.90	7.36	9.18	9.02	7.06	5.43
EPS (Diluted)	3.90	7.36	9.18	9.02	7.06	5.43
EPS Growth	-54.67%	-19.83%	1.77%	27.76%	30.02%	32.44%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Free Cash Flow	2.68	5,190	17,993	9,147	7,227	5,719
Free Cash Flow Per Share	0.00	3.53	12.26	6.23	4.92	3.90
Dividend Per Share	4.417	5.775	5.950	5.400	4.225	3.244
Dividend Growth	-25.77%	-2.94%	10.18%	27.81%	30.24%	58.17%
Gross Margin	83.43%	86.62%	87.54%	88.30%	86.59%	85.70%
Operating Margin	39.76%	54.21%	56.60%	56.97%	53.39%	48.60%
Profit Margin	33.23%	42.09%	43.19%	43.81%	41.26%	38.54%
Free Cash Flow Margin	0.02%	20.17%	57.68%	30.25%	28.77%	27.71%
EBITDA	7,637	14,721	18,430	17,892	14,042	10,584
EBITDA Margin	44.22%	57.21%	59.08%	59.18%	55.89%	51.28%
D&A For EBITDA	770.25	771.4	772.94	667.13	628.22	551.03
EBIT	6,867	13,949	17,657	17,224	13,414	10,033
EBIT Margin	39.76%	54.21%	56.60%	56.97%	53.39%	48.60%
Effective Tax Rate	23.61%	25.89%	25.86%	25.37%	24.86%	24.77%
Revenue as Reported	17,271	25,731	31,196	30,233	25,124	20,642
Advertising Expenses	-	2,557	2,658	3,094	2,593	2,908