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

SHE:002461 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	5,654	5,300	4,837	4,418	4,143
Other Revenue	76.81	78.41	90.88	119.41	106.66
Revenue	5,731	5,378	4,928	4,538	4,249
Revenue Growth (YoY)	6.56%	9.13%	8.60%	6.79%	0.13%
Cost of Revenue	3,077	3,085	2,850	2,546	2,151
Gross Profit	2,654	2,293	2,078	1,991	2,098
Selling, General & Admin	1,279	1,217	1,078	1,058	1,102
Research & Development	179.5	151.18	165.91	148.2	137.21
Other Operating Expenses	457.61	449.45	438.87	419.04	387.86
Operating Expenses	1,916	1,818	1,683	1,627	1,637
Operating Income	738.67	474.45	395.74	364.62	460.83
Interest Expense	-32.22	-38.37	-37.4	-37.86	-22.58
Interest & Investment Income	198.6	225.5	266.23	262.9	242.47
Currency Exchange Gain (Loss)	0.12	0.05	0.06	-0.04	-15.06
Other Non Operating Income (Expenses)	-1.75	-1.15	-1.08	-1.1	-3.07
EBT Excluding Unusual Items	903.42	660.47	623.55	588.51	662.59
Gain (Loss) on Sale of Investments	1.89	9.19	6.45	8.01	1.34
Gain (Loss) on Sale of Assets	-23.37	1.22	1.73	56.44	-33.52
Asset Writedown	-14.31	-11.77	-3.27	-3.01	-8.76
Other Unusual Items	85	80.89	77.86	80.35	81.51
Pretax Income	952.63	740	706.32	730.3	703.15
Income Tax Expense	121.85	96.5	100.71	102.9	117.45
Earnings From Continuing Operations	830.78	643.5	605.6	627.4	585.71
Minority Interest in Earnings	-20.51	-19.99	-7.34	-16.21	-16.42
Net Income	810.27	623.51	598.26	611.19	569.28
Net Income to Common	810.27	623.51	598.26	611.19	569.28
Net Income Growth	29.95%	4.22%	-2.11%	7.36%	14.43%
Shares Outstanding (Basic)	2,190	2,227	2,216	2,183	2,190
Shares Outstanding (Diluted)	2,190	2,227	2,216	2,183	2,190
Shares Change (YoY)	-1.66%	0.50%	1.51%	-0.31%	-3.17%
EPS (Basic)	0.37	0.28	0.27	0.28	0.26
EPS (Diluted)	0.37	0.28	0.27	0.28	0.26
EPS Growth	32.14%	3.70%	-3.57%	7.69%	18.18%
Free Cash Flow	514.07	281.41	163.56	352.16	396.15
Free Cash Flow Per Share	0.23	0.13	0.07	0.16	0.18
Dividend Per Share	0.170	0.125	0.120	0.120	0.115
Dividend Growth	36.00%	4.17%	-	4.35%	15.00%
Gross Margin	46.32%	42.63%	42.17%	43.89%	49.38%
Operating Margin	12.89%	8.82%	8.03%	8.04%	10.85%
Profit Margin	14.14%	11.59%	12.14%	13.47%	13.40%
Free Cash Flow Margin	8.97%	5.23%	3.32%	7.76%	9.32%
EBITDA	1,033	764.1	678.21	639.78	751.43
EBITDA Margin	18.03%	14.21%	13.76%	14.10%	17.68%
D&A For EBITDA	294.76	289.66	282.47	275.16	290.6
EBIT	738.67	474.45	395.74	364.62	460.83
EBIT Margin	12.89%	8.82%	8.03%	8.04%	10.85%
Effective Tax Rate	12.79%	13.04%	14.26%	14.09%	16.70%
Revenue as Reported	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.