Jiangsu Yanghe Brewery Joint-Stock Co Ltd
SZSE:002304

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Jiangsu Yanghe Brewery Joint-Stock Co Ltd Logo
Jiangsu Yanghe Brewery Joint-Stock Co Ltd
SZSE:002304
Watchlist
Price: 62.86 CNY 0.85%
Market Cap: 94.7B CNY
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
-35%
5Y
-7%
10Y
+21%
Operating Income
+
3Y
-74%
5Y
-57%
10Y
-51%
Net Income
+
3Y
-78%
5Y
-72%
10Y
-58%

Earnings Waterfall
Jiangsu Yanghe Brewery Joint-Stock Co Ltd

Revenue
19.4B CNY
Cost of Revenue
-9.4B CNY
Gross Profit
10B CNY
Operating Expenses
-6.9B CNY
Operating Income
3.1B CNY
Other Expenses
-1B CNY
Net Income
2.1B CNY

Income Statement
Jiangsu Yanghe Brewery Joint-Stock Co Ltd

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Income Statement
Currency: CNY
Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
0
0
3
0
0
0
2
0
0
0
0
0
0
0
0
0
0
0
67
0
0
0
84
0
0
0
91
0
0
0
28
0
0
0
0
0
0
0
0
0
0
0
1
0
0
0
12
0
0
0
29
0
0
1
7
1
1
1
7
2
3
3
8
3
0
0
Revenue
3 147
N/A
3 526
+12%
4 002
+13%
4 833
+21%
5 685
+18%
6 664
+17%
7 619
+14%
9 320
+22%
10 304
+11%
11 763
+14%
12 741
+8%
15 070
+18%
15 880
+5%
17 041
+7%
17 270
+1%
17 631
+2%
17 371
-1%
16 327
-6%
15 024
-8%
14 371
-4%
14 266
-1%
14 275
+0%
14 672
+3%
15 262
+4%
15 591
+2%
16 029
+3%
16 052
+0%
16 636
+4%
16 675
+0%
17 058
+2%
17 183
+1%
17 929
+4%
18 520
+3%
19 395
+5%
19 918
+3%
21 868
+10%
22 931
+5%
24 006
+5%
24 160
+1%
25 512
+6%
25 616
+0%
24 292
-5%
23 126
-5%
21 505
-7%
20 556
-4%
20 942
+2%
21 101
+1%
22 352
+6%
23 215
+4%
24 129
+4%
25 350
+5%
27 856
+10%
28 715
+3%
29 891
+4%
30 105
+1%
32 125
+7%
33 070
+3%
33 905
+3%
33 126
-2%
34 335
+4%
34 129
-1%
30 360
-11%
28 876
-5%
23 688
-18%
20 796
-12%
19 450
-6%
Gross Profit
Cost of Revenue
(1 447)
(1 637)
(1 704)
(1 972)
(2 401)
(2 904)
(3 416)
(4 165)
(4 645)
(5 261)
(5 509)
(6 345)
(6 488)
(6 686)
(6 302)
(6 732)
(6 618)
(6 190)
(5 963)
(5 928)
(5 851)
(5 855)
(5 794)
(6 206)
(6 359)
(6 557)
(6 130)
(6 548)
(6 605)
(6 774)
(6 225)
(6 788)
(7 188)
(7 470)
(7 402)
(8 695)
(9 248)
(9 929)
(9 417)
(10 742)
(10 644)
(9 886)
(9 235)
(9 088)
(8 757)
(8 948)
(8 706)
(9 684)
(9 969)
(10 509)
(9 708)
(11 306)
(11 715)
(12 023)
(11 259)
(12 770)
(12 910)
(13 348)
(12 552)
(14 086)
(13 925)
(12 838)
(11 791)
(10 514)
(9 635)
(9 423)
Gross Profit
1 699
N/A
1 887
+11%
2 298
+22%
2 860
+24%
3 283
+15%
3 761
+15%
4 203
+12%
5 155
+23%
5 659
+10%
6 501
+15%
7 232
+11%
8 725
+21%
9 392
+8%
10 356
+10%
10 969
+6%
10 900
-1%
10 754
-1%
10 137
-6%
9 060
-11%
8 444
-7%
8 416
0%
8 421
+0%
8 878
+5%
9 056
+2%
9 232
+2%
9 471
+3%
9 923
+5%
10 088
+2%
10 069
0%
10 285
+2%
10 958
+7%
11 140
+2%
11 332
+2%
11 923
+5%
12 516
+5%
13 171
+5%
13 681
+4%
14 076
+3%
14 743
+5%
14 770
+0%
14 972
+1%
14 406
-4%
13 891
-4%
12 418
-11%
11 800
-5%
11 995
+2%
12 395
+3%
12 668
+2%
13 247
+5%
13 620
+3%
15 642
+15%
16 550
+6%
17 000
+3%
17 867
+5%
18 846
+5%
19 355
+3%
20 160
+4%
20 557
+2%
20 574
+0%
20 249
-2%
20 204
0%
17 521
-13%
17 085
-2%
13 174
-23%
11 161
-15%
10 027
-10%
Operating Income
Operating Expenses
(451)
(471)
(654)
(736)
(991)
(1 226)
(1 176)
(1 372)
(1 493)
(1 583)
(1 876)
(2 189)
(2 493)
(2 748)
(3 036)
(2 801)
(2 616)
(2 571)
(2 603)
(2 442)
(2 582)
(2 644)
(3 162)
(3 015)
(3 058)
(3 159)
(3 435)
(3 472)
(3 464)
(3 547)
(3 345)
(3 606)
(3 590)
(3 835)
(3 795)
(3 991)
(4 170)
(4 264)
(4 941)
(4 395)
(4 507)
(4 573)
(5 240)
(4 549)
(4 516)
(4 740)
(5 063)
(4 571)
(4 704)
(4 460)
(6 234)
(5 789)
(5 802)
(6 113)
(7 085)
(6 565)
(7 061)
(7 308)
(8 302)
(7 502)
(7 574)
(7 475)
(8 289)
(7 495)
(6 974)
(6 915)
Selling, General & Administrative
(450)
(469)
(651)
(733)
(992)
(1 228)
(1 178)
(1 373)
(1 490)
(1 581)
(1 870)
(2 182)
(2 484)
(2 738)
(2 817)
(2 794)
(2 610)
(2 569)
(2 335)
(2 436)
(2 575)
(2 633)
(2 768)
(2 978)
(3 023)
(3 122)
(3 126)
(3 460)
(3 453)
(3 518)
(3 247)
(3 557)
(3 555)
(3 810)
(3 873)
(4 014)
(4 202)
(4 307)
(4 450)
(4 439)
(4 542)
(4 616)
(4 619)
(4 442)
(4 335)
(4 449)
(4 382)
(4 379)
(4 521)
(4 373)
(5 577)
(5 596)
(5 589)
(5 903)
(6 411)
(6 404)
(6 884)
(7 091)
(7 603)
(7 322)
(7 436)
(7 392)
(7 810)
(7 403)
(6 900)
(6 818)
Research & Development
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(45)
0
0
0
(30)
0
0
0
(41)
0
0
0
(36)
0
0
0
(24)
0
0
(6)
(26)
0
0
(15)
(28)
(27)
(35)
(37)
(160)
(196)
(234)
(365)
(260)
(287)
(303)
(196)
(258)
(273)
(271)
(270)
(254)
(229)
(244)
(265)
(285)
(236)
(189)
(147)
(105)
(150)
(132)
(149)
Depreciation & Amortization
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(173)
0
0
0
(236)
0
0
0
(349)
0
0
0
(395)
0
0
0
(469)
0
0
0
(455)
0
0
0
(523)
0
0
0
(543)
0
0
0
(519)
0
0
0
(487)
0
0
0
(482)
0
0
0
(468)
0
0
0
(428)
0
0
0
Other Operating Expenses
0
(1)
(3)
(3)
1
2
2
0
(3)
(2)
(7)
(6)
(8)
(9)
(2)
(6)
(6)
(2)
(1)
(6)
(7)
(10)
(4)
(36)
(35)
(37)
121
(12)
(9)
(29)
396
(48)
(34)
(19)
558
23
32
57
60
69
68
80
83
89
54
74
97
97
121
110
89
79
58
61
61
67
67
48
53
56
50
64
53
58
57
52
Operating Income
1 250
N/A
1 418
+13%
1 644
+16%
2 125
+29%
2 292
+8%
2 534
+11%
3 027
+19%
3 782
+25%
4 165
+10%
4 918
+18%
5 356
+9%
6 535
+22%
6 898
+6%
7 606
+10%
7 933
+4%
8 099
+2%
8 138
+0%
7 567
-7%
6 458
-15%
6 001
-7%
5 833
-3%
5 777
-1%
5 717
-1%
6 042
+6%
6 174
+2%
6 312
+2%
6 487
+3%
6 616
+2%
6 607
0%
6 738
+2%
7 613
+13%
7 535
-1%
7 742
+3%
8 090
+4%
8 720
+8%
9 182
+5%
9 513
+4%
9 813
+3%
9 802
0%
10 375
+6%
10 465
+1%
9 833
-6%
8 652
-12%
7 869
-9%
7 285
-7%
7 256
0%
7 332
+1%
8 099
+10%
8 544
+5%
9 161
+7%
9 408
+3%
10 761
+14%
11 198
+4%
11 755
+5%
11 761
+0%
12 790
+9%
13 098
+2%
13 249
+1%
12 272
-7%
12 747
+4%
12 630
-1%
10 047
-20%
8 796
-12%
5 679
-35%
4 187
-26%
3 112
-26%
Pre-Tax Income
Interest Income Expense
22
19
22
22
32
33
53
58
59
100
169
218
252
284
255
279
261
233
249
235
264
259
293
270
274
324
653
831
839
857
161
576
658
662
144
675
793
961
987
1 107
1 061
1 048
1 090
1 937
2 229
2 536
2 563
1 518
1 666
960
581
705
443
704
747
794
682
619
976
888
791
1 069
367
248
297
114
Non-Reccuring Items
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
0
0
0
(1)
0
0
0
0
0
0
0
0
0
0
0
(53)
(11)
(13)
(14)
(28)
(2)
0
6
22
28
33
38
14
0
11
0
(5)
0
0
0
(11)
1
0
1
(6)
1
1
0
(10)
(8)
(8)
(8)
(27)
(1)
(1)
1
Gain/Loss on Disposition of Assets
0
0
(4)
0
0
0
(2)
0
0
0
(4)
0
0
0
(5)
0
0
(3)
(6)
(4)
0
(1)
(4)
0
0
0
1
(1)
(6)
(7)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Total Other Income
10
6
12
5
(5)
7
(1)
(10)
7
7
10
12
32
28
32
29
(9)
0
(13)
(18)
(16)
(21)
25
22
25
25
24
28
33
36
40
38
41
36
11
13
13
18
28
26
22
18
15
(16)
(17)
(21)
(11)
(4)
(7)
(19)
(32)
(35)
(40)
(28)
1
(2)
7
(13)
(20)
(21)
(3)
10
6
(21)
(38)
(43)
Pre-Tax Income
1 281
N/A
1 442
+13%
1 673
+16%
2 152
+29%
2 320
+8%
2 576
+11%
3 076
+19%
3 831
+25%
4 232
+10%
5 025
+19%
5 531
+10%
6 765
+22%
7 183
+6%
7 919
+10%
8 215
+4%
8 406
+2%
8 388
0%
7 795
-7%
6 686
-14%
6 214
-7%
6 081
-2%
6 013
-1%
6 031
+0%
6 332
+5%
6 471
+2%
6 660
+3%
7 165
+8%
7 473
+4%
7 472
0%
7 623
+2%
7 761
+2%
8 138
+5%
8 427
+4%
8 773
+4%
8 848
+1%
9 867
+12%
10 318
+5%
10 798
+5%
10 839
+0%
11 535
+6%
11 580
+0%
10 936
-6%
9 771
-11%
9 790
+0%
9 508
-3%
9 771
+3%
9 879
+1%
9 612
-3%
10 202
+6%
10 101
-1%
9 946
-2%
11 431
+15%
11 601
+1%
12 432
+7%
12 503
+1%
13 583
+9%
13 789
+2%
13 856
+0%
13 218
-5%
13 605
+3%
13 409
-1%
11 117
-17%
9 143
-18%
5 905
-35%
4 446
-25%
3 183
-28%
Net Income
Tax Provision
(323)
(363)
(420)
(541)
(587)
(651)
(778)
(970)
(1 073)
(1 271)
(1 394)
(1 701)
(1 804)
(1 988)
(2 064)
(2 111)
(2 124)
(1 972)
(1 684)
(1 566)
(1 509)
(1 526)
(1 523)
(1 599)
(1 633)
(1 673)
(1 800)
(1 878)
(1 872)
(1 897)
(1 956)
(2 052)
(2 141)
(2 217)
(2 229)
(2 509)
(2 594)
(2 713)
(2 724)
(2 871)
(2 885)
(2 708)
(2 385)
(2 426)
(2 305)
(2 348)
(2 394)
(2 263)
(2 453)
(2 586)
(2 434)
(2 798)
(2 854)
(3 060)
(3 114)
(3 405)
(3 426)
(3 324)
(3 197)
(3 308)
(3 314)
(2 742)
(2 477)
(1 659)
(1 392)
(1 130)
Income from Continuing Operations
958
1 079
1 254
1 611
1 733
1 925
2 299
2 861
3 159
3 754
4 137
5 064
5 379
5 931
6 152
6 296
6 264
5 823
5 002
4 648
4 573
4 488
4 508
4 733
4 838
4 986
5 365
5 594
5 599
5 726
5 805
6 086
6 285
6 555
6 619
7 356
7 724
8 085
8 115
8 665
8 695
8 228
7 386
7 364
7 202
7 422
7 485
7 348
7 749
7 515
7 513
8 633
8 747
9 372
9 389
10 179
10 363
10 532
10 021
10 297
10 095
8 376
6 666
4 246
3 054
2 053
Income to Minority Interest
0
0
0
0
(1)
(39)
(94)
(205)
(207)
(169)
(116)
(3)
2
2
2
3
1
1
0
0
0
0
(1)
0
0
0
0
0
4
16
22
27
26
14
8
2
(1)
(1)
0
(3)
(2)
(5)
(3)
0
(1)
0
(2)
(5)
(5)
(5)
(5)
(3)
(7)
(5)
(12)
(20)
(16)
(22)
(5)
8
6
15
7
9
16
16
Net Income (Common)
958
N/A
1 079
+13%
1 254
+16%
1 611
+28%
1 732
+8%
1 885
+9%
2 205
+17%
2 655
+20%
2 951
+11%
3 585
+21%
4 021
+12%
5 061
+26%
5 381
+6%
5 933
+10%
6 154
+4%
6 298
+2%
6 264
-1%
5 823
-7%
5 002
-14%
4 646
-7%
4 571
-2%
4 486
-2%
4 507
+0%
4 733
+5%
4 838
+2%
4 986
+3%
5 365
+8%
5 594
+4%
5 604
+0%
5 743
+2%
5 827
+1%
6 114
+5%
6 311
+3%
6 569
+4%
6 627
+1%
7 359
+11%
7 724
+5%
8 085
+5%
8 115
+0%
8 661
+7%
8 692
+0%
8 223
-5%
7 383
-10%
7 364
0%
7 202
-2%
7 422
+3%
7 482
+1%
7 344
-2%
7 744
+5%
7 510
-3%
7 508
0%
8 630
+15%
8 740
+1%
9 367
+7%
9 378
+0%
10 159
+8%
10 347
+2%
10 509
+2%
10 016
-5%
10 305
+3%
10 101
-2%
8 391
-17%
6 673
-20%
4 255
-36%
3 070
-28%
2 070
-33%
EPS (Diluted)
0.71
N/A
0.8
+13%
0.9
+13%
1.06
+18%
1.14
+8%
1.26
+11%
1.46
+16%
1.75
+20%
1.94
+11%
2.36
+22%
2.66
+13%
3.34
+26%
3.56
+7%
3.92
+10%
4.07
+4%
4.17
+2%
4.14
-1%
4.05
-2%
3.31
-18%
3.07
-7%
3.03
-1%
2.98
-2%
2.99
+0%
3.15
+5%
3.22
+2%
3.32
+3%
3.56
+7%
3.72
+4%
3.72
N/A
3.81
+2%
3.87
+2%
4.06
+5%
4.19
+3%
4.36
+4%
4.4
+1%
4.88
+11%
5.13
+5%
5.37
+5%
5.39
+0%
5.75
+7%
5.77
+0%
5.46
-5%
4.9
-10%
4.9
N/A
4.79
-2%
4.94
+3%
4.98
+1%
4.9
-2%
5.17
+6%
5.02
-3%
5.01
0%
5.74
+15%
5.81
+1%
6.22
+7%
6.23
+0%
6.74
+8%
6.87
+2%
6.98
+2%
6.65
-5%
6.84
+3%
6.71
-2%
5.57
-17%
4.43
-20%
2.82
-36%
2.04
-28%
1.37
-33%

See Also

Summary
Intrinsic value, competitors valuation, and company profile.
DCF Valuation
Stock valuation using Discount Cash Flow valuation method.
Relative Valuation
Stock valuation using valuation multiples.
Wall Street Estimates
Price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
Stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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