Guangzhou Zhujiang Brewery Co., Ltd (SHE: 002461)

Guangzhou Zhujiang Brewery 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	5,515	5,300	4,837	4,418	4,143	4,151
Other Revenue	76.16	78.41	90.88	119.41	106.66	92.56
Revenue	5,591	5,378	4,928	4,538	4,249	4,244
Revenue Growth (YoY)	6.12%	9.13%	8.60%	6.79%	0.13%	5.06%
Cost of Revenue	3,074	3,085	2,850	2,546	2,151	2,285
Gross Profit	2,517	2,293	2,078	1,991	2,098	1,958
Selling, General & Admin	1,256	1,217	1,078	1,058	1,102	1,123
Research & Development	154.21	151.18	165.91	148.2	137.21	120.45
Other Operating Expenses	479.95	449.45	438.87	419.04	387.86	400.32
Operating Expenses	1,891	1,818	1,683	1,627	1,637	1,649
Operating Income	626.12	474.45	395.74	364.62	460.83	308.79
Interest Expense	-32.48	-38.37	-37.4	-37.86	-22.58	-28.47
Interest & Investment Income	200.9	225.5	266.23	262.9	242.47	247.52
Currency Exchange Gain (Loss)	0.14	0.05	0.06	-0.04	-15.06	0.02
Other Non Operating Income (Expenses)	-2.59	-1.15	-1.08	-1.1	-3.07	-1.15
EBT Excluding Unusual Items	792.08	660.47	623.55	588.51	662.59	526.7
Gain (Loss) on Sale of Investments	5.35	9.19	6.45	8.01	1.34	0.12
Gain (Loss) on Sale of Assets	-3.11	1.22	1.73	56.44	-33.52	-3.86
Asset Writedown	-11.77	-11.77	-3.27	-3.01	-8.76	-5.42
Other Unusual Items	114.2	80.89	77.86	80.35	81.51	70.18
Pretax Income	896.75	740	706.32	730.3	703.15	587.73
Income Tax Expense	120.9	96.5	100.71	102.9	117.45	75.84
Earnings From Continuing Operations	775.85	643.5	605.6	627.4	585.71	511.89
Minority Interest in Earnings	-18.65	-19.99	-7.34	-16.21	-16.42	-14.4
Net Income	757.2	623.51	598.26	611.19	569.28	497.48
Net Income to Common	757.2	623.51	598.26	611.19	569.28	497.48
Net Income Growth	16.39%	4.22%	-2.11%	7.36%	14.43%	35.77%
Shares Outstanding (Basic)	2,227	2,227	2,216	2,183	2,190	2,261
Shares Outstanding (Diluted)	2,227	2,227	2,216	2,183	2,190	2,261
Shares Change (YoY)	0.49%	0.50%	1.51%	-0.31%	-3.17%	4.91%
EPS (Basic)	0.34	0.28	0.27	0.28	0.26	0.22
EPS (Diluted)	0.34	0.28	0.27	0.28	0.26	0.22
EPS Growth	15.83%	3.70%	-3.57%	7.69%	18.18%	29.41%
Free Cash Flow	478.64	281.41	163.56	352.16	396.15	-1,338
Free Cash Flow Per Share	0.21	0.13	0.07	0.16	0.18	-0.59
Dividend Per Share	0.125	0.125	0.120	0.120	0.115	0.100
Dividend Growth	4.17%	4.17%	0%	4.35%	15.00%	0%
Gross Margin	45.02%	42.63%	42.17%	43.88%	49.38%	46.14%
Operating Margin	11.20%	8.82%	8.03%	8.03%	10.85%	7.28%
Profit Margin	13.54%	11.59%	12.14%	13.47%	13.40%	11.72%
Free Cash Flow Margin	8.56%	5.23%	3.32%	7.76%	9.32%	-31.52%
EBITDA	918.23	764.1	678.21	639.78	751.43	582.45
EBITDA Margin	16.42%	14.21%	13.76%	14.10%	17.68%	13.73%
D&A For EBITDA	292.11	289.66	282.47	275.16	290.6	273.66
EBIT	626.12	474.45	395.74	364.62	460.83	308.79
EBIT Margin	11.20%	8.82%	8.03%	8.03%	10.85%	7.28%
Effective Tax Rate	13.48%	13.04%	14.26%	14.09%	16.70%	12.90%
Revenue as Reported	5,591	5,378	4,928	4,538	4,249	4,244
Advertising Expenses	-	140.65	126.8	108.8	112.84	120.06

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