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	Sep 30, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020	Dec 31, 2019
Operating Revenue	5,635	5,300	4,837	4,418	4,143	4,151
Other Revenue	78.41	78.41	90.88	119.41	106.66	92.56
Revenue	5,714	5,378	4,928	4,538	4,249	4,244
Revenue Growth (YoY)	6.43%	9.13%	8.60%	6.79%	0.13%	5.06%
Cost of Revenue	3,085	3,085	2,850	2,546	2,151	2,285
Gross Profit	2,629	2,293	2,078	1,991	2,098	1,958
Selling, General & Admin	1,330	1,217	1,078	1,058	1,102	1,123
Research & Development	174.37	151.18	165.91	148.2	137.21	120.45
Other Operating Expenses	448.38	449.45	438.87	419.04	387.86	400.32
Operating Expenses	1,953	1,818	1,683	1,627	1,637	1,649
Operating Income	676.16	474.45	395.74	364.62	460.83	308.79
Interest Expense	-30.88	-38.37	-37.4	-37.86	-22.58	-28.47
Interest & Investment Income	192.03	225.5	266.23	262.9	242.47	247.52
Currency Exchange Gain (Loss)	0.05	0.05	0.06	-0.04	-15.06	0.02
Other Non Operating Income (Expenses)	0.75	-1.15	-1.08	-1.1	-3.07	-1.15
EBT Excluding Unusual Items	838.11	660.47	623.55	588.51	662.59	526.7
Gain (Loss) on Sale of Investments	2.52	9.19	6.45	8.01	1.34	0.12
Gain (Loss) on Sale of Assets	-1	1.22	1.73	56.44	-33.52	-3.86
Asset Writedown	8.88	-11.77	-3.27	-3.01	-8.76	-5.42
Other Unusual Items	82.96	80.89	77.86	80.35	81.51	70.18
Pretax Income	931.47	740	706.32	730.3	703.15	587.73
Income Tax Expense	125.15	96.5	100.71	102.9	117.45	75.84
Earnings From Continuing Operations	806.32	643.5	605.6	627.4	585.71	511.89
Minority Interest in Earnings	-19.71	-19.99	-7.34	-16.21	-16.42	-14.4
Net Income	786.6	623.51	598.26	611.19	569.28	497.48
Net Income to Common	786.6	623.51	598.26	611.19	569.28	497.48
Net Income Growth	17.20%	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)	-0.15%	0.50%	1.51%	-0.31%	-3.17%	4.91%
EPS (Basic)	0.35	0.28	0.27	0.28	0.26	0.22
EPS (Diluted)	0.35	0.28	0.27	0.28	0.26	0.22
EPS Growth	17.37%	3.70%	-3.57%	7.69%	18.18%	29.41%
Free Cash Flow	595.06	281.41	163.56	352.16	396.15	-1,338
Free Cash Flow Per Share	0.27	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	46.01%	42.63%	42.17%	43.88%	49.38%	46.14%
Operating Margin	11.83%	8.82%	8.03%	8.03%	10.85%	7.28%
Profit Margin	13.77%	11.59%	12.14%	13.47%	13.40%	11.72%
Free Cash Flow Margin	10.41%	5.23%	3.32%	7.76%	9.32%	-31.52%
EBITDA	971.21	764.1	678.21	639.78	751.43	582.45
EBITDA Margin	17.00%	14.21%	13.76%	14.10%	17.68%	13.73%
D&A For EBITDA	295.05	289.66	282.47	275.16	290.6	273.66
EBIT	676.16	474.45	395.74	364.62	460.83	308.79
EBIT Margin	11.83%	8.82%	8.03%	8.03%	10.85%	7.28%
Effective Tax Rate	13.44%	13.04%	14.26%	14.09%	16.70%	12.90%
Revenue as Reported	5,714	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.