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 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	33,524	32,489	29,500	24,639	20,334	22,161
Other Revenue	605.3	636.84	605.03	711.5	766.77	965.2
Revenue	34,129	33,126	30,105	25,350	21,101	23,126
Revenue Growth (YoY)	3.20%	10.04%	18.76%	20.14%	-8.76%	-4.28%
Cost of Revenue	8,665	8,254	7,687	6,306	5,899	6,683
Gross Profit	25,464	24,873	22,417	19,044	15,202	16,444
Selling, General & Admin	7,390	7,101	6,075	5,331	4,292	4,494
Research & Development	188.58	284.75	253.57	258.46	260.09	159.97
Other Operating Expenses	5,319	5,264	4,388	4,144	3,415	3,201
Operating Expenses	12,898	12,648	10,719	9,734	7,967	7,856
Operating Income	12,566	12,224	11,699	9,310	7,235	8,588
Interest Expense	-3.79	-1.71	-0.69	-0.6	-0	-0
Interest & Investment Income	1,053	1,021	1,072	1,335	1,311	928.14
Currency Exchange Gain (Loss)	3	-0.91	-0.34	-3.19	-3.67	3.27
Other Non Operating Income (Expenses)	-15.74	-8.6	-7.55	-18.25	-13.51	-20.88
EBT Excluding Unusual Items	13,602	13,234	12,762	10,623	8,529	9,498
Gain (Loss) on Sale of Investments	-249.89	-37.08	-318.33	-721.21	1,268	158.68
Gain (Loss) on Sale of Assets	-7.91	-5.28	1.85	0.18	0.05	19.98
Asset Writedown	-4.68	-5.18	-6.68	-10.87	-4.8	-6.14
Other Unusual Items	69.77	31.5	64.6	55.81	86.75	100.12
Pretax Income	13,409	13,218	12,503	9,946	9,879	9,771
Income Tax Expense	3,314	3,197	3,114	2,434	2,394	2,385
Earnings From Continuing Operations	10,095	10,021	9,389	7,513	7,485	7,386
Minority Interest in Earnings	5.79	-4.84	-11.57	-5.13	-2.38	-3.27
Net Income	10,101	10,016	9,378	7,508	7,482	7,383
Net Income to Common	10,101	10,016	9,378	7,508	7,482	7,383
Net Income Growth	-2.38%	6.80%	24.91%	0.34%	1.35%	-9.02%
Shares Outstanding (Basic)	1,506	1,506	1,506	1,497	1,501	1,507
Shares Outstanding (Diluted)	1,506	1,506	1,506	1,497	1,501	1,507
Shares Change (YoY)	0.00%	0.00%	0.61%	-0.26%	-0.39%	-0.00%
EPS (Basic)	6.71	6.65	6.23	5.01	4.98	4.90
EPS (Diluted)	6.71	6.65	6.23	5.01	4.98	4.90
EPS Growth	-2.38%	6.80%	24.15%	0.60%	1.74%	-9.02%
Free Cash Flow	6,489	5,019	3,108	14,895	3,626	6,481
Free Cash Flow Per Share	4.31	3.33	2.06	9.95	2.42	4.30
Dividend Per Share	4.660	4.660	3.740	3.000	3.000	3.000
Dividend Growth	24.60%	24.60%	24.67%	0%	0%	-6.25%
Gross Margin	74.61%	75.08%	74.46%	75.12%	72.04%	71.10%
Operating Margin	36.82%	36.90%	38.86%	36.73%	34.29%	37.13%
Profit Margin	29.60%	30.24%	31.15%	29.62%	35.46%	31.92%
Free Cash Flow Margin	19.01%	15.15%	10.33%	58.76%	17.18%	28.02%
EBITDA	13,207	12,908	12,436	10,060	8,018	9,363
EBITDA Margin	38.70%	38.97%	41.31%	39.68%	38.00%	40.48%
D&A For EBITDA	641.56	684	737.71	749.59	782.72	775.07
EBIT	12,566	12,224	11,699	9,310	7,235	8,588
EBIT Margin	36.82%	36.90%	38.86%	36.73%	34.29%	37.13%
Effective Tax Rate	24.72%	24.19%	24.90%	24.47%	24.24%	24.41%
Revenue as Reported	34,129	33,126	30,105	25,350	21,101	23,126
Advertising Expenses	-	3,461	2,414	1,912	1,411	1,567

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