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	Sep 30, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020	Dec 31, 2019
Operating Revenue	29,723	32,489	29,500	24,639	20,334	22,161
Other Revenue	636.84	636.84	605.03	711.5	766.77	965.2
Revenue	30,360	33,126	30,105	25,350	21,101	23,126
Revenue Growth (YoY)	-10.46%	10.04%	18.76%	20.14%	-8.76%	-4.28%
Cost of Revenue	8,123	8,254	7,687	6,306	5,899	6,683
Gross Profit	22,237	24,873	22,417	19,044	15,202	16,444
Selling, General & Admin	7,343	7,101	6,075	5,331	4,292	4,494
Research & Development	146.67	284.75	253.57	258.46	260.09	159.97
Other Operating Expenses	4,754	5,264	4,388	4,144	3,415	3,201
Operating Expenses	12,241	12,648	10,719	9,734	7,967	7,856
Operating Income	9,996	12,224	11,699	9,310	7,235	8,588
Interest Expense	-3.32	-1.71	-0.69	-0.6	-0	-0
Interest & Investment Income	957.06	1,021	1,072	1,335	1,311	928.14
Currency Exchange Gain (Loss)	-0.91	-0.91	-0.34	-3.19	-3.67	3.27
Other Non Operating Income (Expenses)	31.72	-8.6	-7.55	-18.25	-13.51	-20.88
EBT Excluding Unusual Items	10,981	13,234	12,762	10,623	8,529	9,498
Gain (Loss) on Sale of Investments	118.42	-37.08	-318.33	-721.21	1,268	158.68
Gain (Loss) on Sale of Assets	-8.04	-5.28	1.85	0.18	0.05	19.98
Asset Writedown	-5.13	-5.18	-6.68	-10.87	-4.8	-6.14
Other Unusual Items	31.5	31.5	64.6	55.81	86.75	100.12
Pretax Income	11,117	13,218	12,503	9,946	9,879	9,771
Income Tax Expense	2,742	3,197	3,114	2,434	2,394	2,385
Earnings From Continuing Operations	8,376	10,021	9,389	7,513	7,485	7,386
Minority Interest in Earnings	15.43	-4.84	-11.57	-5.13	-2.38	-3.27
Net Income	8,391	10,016	9,378	7,508	7,482	7,383
Net Income to Common	8,391	10,016	9,378	7,508	7,482	7,383
Net Income Growth	-20.16%	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)	5.57	6.65	6.23	5.01	4.98	4.90
EPS (Diluted)	5.57	6.65	6.23	5.01	4.98	4.90
EPS Growth	-20.16%	6.80%	24.15%	0.60%	1.74%	-9.02%
Free Cash Flow	3,802	5,019	3,108	14,895	3,626	6,481
Free Cash Flow Per Share	2.52	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	73.25%	75.08%	74.46%	75.12%	72.04%	71.10%
Operating Margin	32.93%	36.90%	38.86%	36.73%	34.29%	37.13%
Profit Margin	27.64%	30.24%	31.15%	29.62%	35.46%	31.92%
Free Cash Flow Margin	12.52%	15.15%	10.33%	58.76%	17.18%	28.02%
EBITDA	10,640	12,908	12,436	10,060	8,018	9,363
EBITDA Margin	35.05%	38.97%	41.31%	39.68%	38.00%	40.48%
D&A For EBITDA	643.72	684	737.71	749.59	782.72	775.07
EBIT	9,996	12,224	11,699	9,310	7,235	8,588
EBIT Margin	32.93%	36.90%	38.86%	36.73%	34.29%	37.13%
Effective Tax Rate	24.66%	24.19%	24.90%	24.47%	24.24%	24.41%
Revenue as Reported	30,360	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.