Jiangsu Yanghe Distillery Co., Ltd. (SHE:002304)

Jiangsu Yanghe 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	20,270	28,248	32,489	29,500	24,639	20,334
Other Revenue	526.39	628	636.84	605.03	711.5	766.77
Revenue	20,796	28,876	33,126	30,105	25,350	21,101
Revenue Growth (YoY)	-39.07%	-12.83%	10.04%	18.76%	20.14%	-8.76%
Cost of Revenue	5,877	7,813	8,254	7,687	6,306	5,899
Gross Profit	14,920	21,064	24,873	22,417	19,044	15,202
Selling, General & Admin	6,846	7,391	7,101	6,075	5,331	4,292
Research & Development	131.84	104.8	284.75	253.57	258.46	260.09
Other Operating Expenses	3,831	4,817	5,264	4,388	4,144	3,415
Operating Expenses	10,809	12,313	12,648	10,719	9,734	7,967
Operating Income	4,111	8,751	12,224	11,699	9,310	7,235
Interest Expense	-2.07	-2.96	-1.71	-0.69	-0.6	-0
Interest & Investment Income	409.63	767.86	1,021	1,072	1,335	1,311
Currency Exchange Gain (Loss)	1.09	3.63	-0.91	-0.34	-3.19	-3.67
Other Non Operating Income (Expenses)	-33.13	-10.36	-8.6	-7.55	-18.25	-13.51
EBT Excluding Unusual Items	4,486	9,509	13,234	12,762	10,623	8,529
Gain (Loss) on Sale of Investments	-103.76	-396.16	-37.08	-318.33	-721.21	1,268
Gain (Loss) on Sale of Assets	-0.9	-2.73	-5.28	1.85	0.18	0.05
Asset Writedown	-3.83	-2.98	-1.94	-6.68	-10.87	-4.8
Other Unusual Items	68.07	35.79	28.26	64.6	55.81	86.75
Pretax Income	4,446	9,143	13,218	12,503	9,946	9,879
Income Tax Expense	1,392	2,477	3,197	3,114	2,434	2,394
Earnings From Continuing Operations	3,054	6,666	10,021	9,389	7,513	7,485
Minority Interest in Earnings	15.82	6.93	-4.84	-11.57	-5.13	-2.38
Net Income	3,070	6,673	10,016	9,378	7,508	7,482
Net Income to Common	3,070	6,673	10,016	9,378	7,508	7,482
Net Income Growth	-69.61%	-33.37%	6.80%	24.91%	0.34%	1.35%
Shares Outstanding (Basic)	1,506	1,506	1,506	1,506	1,497	1,501
Shares Outstanding (Diluted)	1,506	1,506	1,506	1,506	1,497	1,501
Shares Change (YoY)	-0.00%	-	0.00%	0.61%	-0.26%	-0.39%
EPS (Basic)	2.04	4.43	6.65	6.23	5.01	4.98
EPS (Diluted)	2.04	4.43	6.65	6.23	5.01	4.98
EPS Growth	-69.61%	-33.37%	6.80%	24.15%	0.60%	1.74%
Free Cash Flow	1,996	3,175	5,019	3,108	14,895	3,626
Free Cash Flow Per Share	1.32	2.11	3.33	2.06	9.95	2.42
Dividend Per Share	2.317	4.647	4.660	3.740	3.000	3.000
Dividend Growth	-66.85%	-0.28%	24.60%	24.67%	-	-
Gross Margin	71.74%	72.94%	75.08%	74.46%	75.12%	72.04%
Operating Margin	19.77%	30.30%	36.90%	38.86%	36.73%	34.29%
Profit Margin	14.76%	23.11%	30.24%	31.15%	29.62%	35.46%
Free Cash Flow Margin	9.60%	10.99%	15.15%	10.32%	58.76%	17.18%
EBITDA	4,757	9,384	12,923	12,436	10,060	8,018
EBITDA Margin	22.88%	32.50%	39.01%	41.31%	39.68%	38.00%
D&A For EBITDA	646.29	632.53	698.39	737.71	749.59	782.72
EBIT	4,111	8,751	12,224	11,699	9,310	7,235
EBIT Margin	19.77%	30.30%	36.90%	38.86%	36.73%	34.29%
Effective Tax Rate	31.31%	27.09%	24.19%	24.90%	24.47%	24.24%
Revenue as Reported	20,796	28,876	33,126	30,105	25,350	21,101
Advertising Expenses	-	3,649	3,461	2,414	1,912	1,411

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.