Beijing Yanjing Brewery Co.,Ltd. (SHE:000729)

Beijing Yanjing Brewery 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	Jan 1, 2023	Dec 31, 2021	Dec 31, 2020
Operating Revenue	13,966	13,726	13,415	12,390	11,419	10,398
Other Revenue	940.83	940.83	797.54	812.16	541.85	530.51
Revenue	14,907	14,667	14,213	13,202	11,961	10,928
Revenue Growth (YoY)	4.44%	3.19%	7.66%	10.38%	9.45%	-4.71%
Cost of Revenue	8,726	8,790	8,956	8,340	7,419	6,728
Gross Profit	6,180	5,877	5,257	4,862	4,542	4,200
Selling, General & Admin	3,311	3,112	3,162	3,008	2,957	2,607
Research & Development	227.49	232.83	246.23	236.46	208.92	213.6
Other Operating Expenses	1,191	1,182	1,185	1,153	1,096	1,037
Operating Expenses	4,729	4,527	4,599	4,402	4,267	3,858
Operating Income	1,451	1,350	658.8	459.96	274.9	341.7
Interest Expense	-43.4	-43.4	-44.62	-22.35	-2.31	-0.07
Interest & Investment Income	284.37	284.37	257.65	219.27	160.2	121.66
Currency Exchange Gain (Loss)	1.31	1.31	1.22	0.74	0.22	1.24
Other Non Operating Income (Expenses)	9.13	-5.8	3.99	-10.35	-1.82	-3.47
EBT Excluding Unusual Items	1,703	1,586	877.04	647.26	431.19	461.07
Impairment of Goodwill	-	-	-	-42.37	-41.34	-
Gain (Loss) on Sale of Investments	0.46	0.21	-	-	0.18	-
Gain (Loss) on Sale of Assets	-4.43	-6.48	23.93	43.93	-3.59	0.96
Asset Writedown	-58.87	-58.87	-3.2	-5.98	-9.58	-43.74
Other Unusual Items	50.87	50.87	141.34	51.8	67.7	42.05
Pretax Income	1,691	1,572	1,039	694.65	444.58	460.34
Income Tax Expense	269.12	247.74	184.22	145.54	151.73	175.47
Earnings From Continuing Operations	1,422	1,324	854.89	549.11	292.85	284.87
Minority Interest in Earnings	-303.35	-268.3	-210.17	-196.85	-64.84	-88
Net Income	1,118	1,056	644.71	352.26	228.01	196.87
Net Income to Common	1,118	1,056	644.71	352.26	228.01	196.87
Net Income Growth	63.80%	63.74%	83.02%	54.49%	15.82%	-14.32%
Shares Outstanding (Basic)	2,816	2,815	2,815	2,818	2,815	2,812
Shares Outstanding (Diluted)	2,816	2,815	2,815	2,818	2,815	2,812
Shares Change (YoY)	0.02%	-0.01%	-0.10%	0.11%	0.09%	0.36%
EPS (Basic)	0.40	0.38	0.23	0.13	0.08	0.07
EPS (Diluted)	0.40	0.38	0.23	0.13	0.08	0.07
EPS Growth	63.77%	63.75%	83.20%	54.32%	15.71%	-14.63%
Free Cash Flow	1,818	1,587	874.78	1,209	1,229	1,254
Free Cash Flow Per Share	0.65	0.56	0.31	0.43	0.44	0.45
Dividend Per Share	0.190	0.190	0.100	0.080	0.040	0.022
Dividend Growth	90.00%	90.00%	25.00%	100.00%	81.82%	-
Gross Margin	41.46%	40.07%	36.99%	36.83%	37.97%	38.43%
Operating Margin	9.74%	9.20%	4.63%	3.48%	2.30%	3.13%
Profit Margin	7.50%	7.20%	4.54%	2.67%	1.91%	1.80%
Free Cash Flow Margin	12.20%	10.82%	6.16%	9.16%	10.27%	11.47%
EBITDA	2,131	2,033	1,357	1,179	1,021	1,150
EBITDA Margin	14.30%	13.86%	9.55%	8.93%	8.53%	10.52%
D&A For EBITDA	679.81	683.53	698.39	718.75	745.73	807.86
EBIT	1,451	1,350	658.8	459.96	274.9	341.7
EBIT Margin	9.74%	9.20%	4.63%	3.48%	2.30%	3.13%
Effective Tax Rate	15.92%	15.76%	17.73%	20.95%	34.13%	38.12%
Revenue as Reported	14,667	14,667	14,213	13,202	11,961	10,928
Advertising Expenses	-	436.31	554.29	604.06	559.89	505.95

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