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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	5,903	5,654	5,300	4,837	4,418	4,143
Other Revenue	39.5	76.81	78.41	90.88	119.41	106.66
Revenue	5,943	5,731	5,378	4,928	4,538	4,249
Revenue Growth (YoY)	6.29%	6.56%	9.13%	8.60%	6.79%	0.13%
Cost of Revenue	3,090	3,077	3,085	2,850	2,546	2,151
Gross Profit	2,852	2,654	2,293	2,078	1,991	2,098
Selling, General & Admin	1,328	1,279	1,217	1,078	1,058	1,102
Research & Development	181.94	179.5	151.18	165.91	148.2	137.21
Other Operating Expenses	462.11	457.61	449.45	438.87	419.04	387.86
Operating Expenses	1,972	1,916	1,818	1,683	1,627	1,637
Operating Income	880.28	738.67	474.45	395.74	364.62	460.83
Interest Expense	-31.79	-32.22	-38.37	-37.4	-37.86	-22.58
Interest & Investment Income	118.94	198.6	225.5	266.23	262.9	242.47
Currency Exchange Gain (Loss)	0.02	0.12	0.05	0.06	-0.04	-15.06
Other Non Operating Income (Expenses)	97.98	-1.75	-1.15	-1.08	-1.1	-3.07
EBT Excluding Unusual Items	1,065	903.42	660.47	623.55	588.51	662.59
Gain (Loss) on Sale of Investments	4.65	1.89	9.19	6.45	8.01	1.34
Gain (Loss) on Sale of Assets	-24.27	-23.37	1.22	1.73	56.44	-33.52
Asset Writedown	-12.14	-14.31	-11.77	-3.27	-3.01	-8.76
Other Unusual Items	73.96	85	80.89	77.86	80.35	81.51
Pretax Income	1,108	952.63	740	706.32	730.3	703.15
Income Tax Expense	165.83	121.85	96.5	100.71	102.9	117.45
Earnings From Continuing Operations	941.81	830.78	643.5	605.6	627.4	585.71
Minority Interest in Earnings	-19.02	-20.51	-19.99	-7.34	-16.21	-16.42
Net Income	922.78	810.27	623.51	598.26	611.19	569.28
Net Income to Common	922.78	810.27	623.51	598.26	611.19	569.28
Net Income Growth	21.87%	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)	-1.65%	-1.66%	0.50%	1.51%	-0.31%	-3.17%
EPS (Basic)	0.42	0.37	0.28	0.27	0.28	0.26
EPS (Diluted)	0.42	0.37	0.28	0.27	0.28	0.26
EPS Growth	23.91%	32.14%	3.70%	-3.57%	7.69%	18.18%
Free Cash Flow	237.53	514.07	281.41	163.56	352.16	396.15
Free Cash Flow Per Share	0.11	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	48.00%	46.32%	42.63%	42.17%	43.89%	49.38%
Operating Margin	14.81%	12.89%	8.82%	8.03%	8.04%	10.85%
Profit Margin	15.53%	14.14%	11.59%	12.14%	13.47%	13.40%
Free Cash Flow Margin	4.00%	8.97%	5.23%	3.32%	7.76%	9.32%
EBITDA	1,186	1,033	764.1	678.21	639.78	751.43
EBITDA Margin	19.95%	18.03%	14.21%	13.76%	14.10%	17.68%
D&A For EBITDA	305.38	294.76	289.66	282.47	275.16	290.6
EBIT	880.28	738.67	474.45	395.74	364.62	460.83
EBIT Margin	14.81%	12.89%	8.82%	8.03%	8.04%	10.85%
Effective Tax Rate	14.97%	12.79%	13.04%	14.26%	14.09%	16.70%
Revenue as Reported	5,943	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.