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

SHE:002461 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	5,773	5,654	5,300	4,837	4,418	4,143
Other Revenue	76.81	76.81	78.41	90.88	119.41	106.66
Revenue	5,850	5,731	5,378	4,928	4,538	4,249
Revenue Growth (YoY)	7.31%	6.56%	9.13%	8.60%	6.79%	0.13%
Cost of Revenue	3,110	3,077	3,085	2,850	2,546	2,151
Gross Profit	2,740	2,654	2,293	2,078	1,991	2,098
Selling, General & Admin	1,295	1,279	1,217	1,078	1,058	1,102
Research & Development	184.54	179.5	151.18	165.91	148.2	137.21
Other Operating Expenses	473.6	457.61	449.45	438.87	419.04	387.86
Operating Expenses	1,953	1,916	1,818	1,683	1,627	1,637
Operating Income	786.5	738.67	474.45	395.74	364.62	460.83
Interest Expense	-31.9	-32.22	-38.37	-37.4	-37.86	-22.58
Interest & Investment Income	200.06	198.6	225.5	266.23	262.9	242.47
Currency Exchange Gain (Loss)	0.12	0.12	0.05	0.06	-0.04	-15.06
Other Non Operating Income (Expenses)	-2.6	-1.75	-1.15	-1.08	-1.1	-3.07
EBT Excluding Unusual Items	952.18	903.42	660.47	623.55	588.51	662.59
Gain (Loss) on Sale of Investments	2.33	1.89	9.19	6.45	8.01	1.34
Gain (Loss) on Sale of Assets	-24.67	-23.37	1.22	1.73	56.44	-33.52
Asset Writedown	-14.58	-14.31	-11.77	-3.27	-3.01	-8.76
Other Unusual Items	86.16	85	80.89	77.86	80.35	81.51
Pretax Income	1,001	952.63	740	706.32	730.3	703.15
Income Tax Expense	135.17	121.85	96.5	100.71	102.9	117.45
Earnings From Continuing Operations	866.25	830.78	643.5	605.6	627.4	585.71
Minority Interest in Earnings	-19.9	-20.51	-19.99	-7.34	-16.21	-16.42
Net Income	846.35	810.27	623.51	598.26	611.19	569.28
Net Income to Common	846.35	810.27	623.51	598.26	611.19	569.28
Net Income Growth	28.69%	29.95%	4.22%	-2.11%	7.36%	14.43%
Shares Outstanding (Basic)	2,190	2,190	2,227	2,216	2,183	2,190
Shares Outstanding (Diluted)	2,190	2,190	2,227	2,216	2,183	2,190
Shares Change (YoY)	-1.68%	-1.66%	0.50%	1.51%	-0.31%	-3.17%
EPS (Basic)	0.39	0.37	0.28	0.27	0.28	0.26
EPS (Diluted)	0.39	0.37	0.28	0.27	0.28	0.26
EPS Growth	30.88%	32.14%	3.70%	-3.57%	7.69%	18.18%
Free Cash Flow	358.2	514.07	281.41	163.56	352.16	396.15
Free Cash Flow Per Share	0.16	0.23	0.13	0.07	0.16	0.18
Dividend Per Share	0.170	0.170	0.125	0.120	0.120	0.115
Dividend Growth	36.00%	36.00%	4.17%	-	4.35%	15.00%
Gross Margin	46.83%	46.32%	42.63%	42.17%	43.89%	49.38%
Operating Margin	13.44%	12.89%	8.82%	8.03%	8.04%	10.85%
Profit Margin	14.47%	14.14%	11.59%	12.14%	13.47%	13.40%
Free Cash Flow Margin	6.12%	8.97%	5.23%	3.32%	7.76%	9.32%
EBITDA	1,083	1,033	764.1	678.21	639.78	751.43
EBITDA Margin	18.51%	18.03%	14.21%	13.76%	14.10%	17.68%
D&A For EBITDA	296.04	294.76	289.66	282.47	275.16	290.6
EBIT	786.5	738.67	474.45	395.74	364.62	460.83
EBIT Margin	13.44%	12.89%	8.82%	8.03%	8.04%	10.85%
Effective Tax Rate	13.50%	12.79%	13.04%	14.26%	14.09%	16.70%
Revenue as Reported	5,850	5,731	5,378	4,928	4,538	4,249
Advertising Expenses	-	165.28	140.65	126.8	108.8	112.84

Source: S&P Global Market Intelligence. Standard template. Financial Sources.