Guangzhou Zhujiang Brewery Co Ltd
SZSE:002461
Income Statement
Earnings Waterfall
Guangzhou Zhujiang Brewery Co Ltd
Revenue
|
5.4B
CNY
|
Cost of Revenue
|
-3.4B
CNY
|
Gross Profit
|
2B
CNY
|
Operating Expenses
|
-1.4B
CNY
|
Operating Income
|
552m
CNY
|
Other Expenses
|
71.5m
CNY
|
Net Income
|
623.5m
CNY
|
Income Statement
Guangzhou Zhujiang Brewery Co Ltd
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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
3 349
N/A
|
3 383
+1%
|
3 522
+4%
|
3 679
+4%
|
3 524
-4%
|
3 627
+3%
|
3 656
+1%
|
3 544
-3%
|
3 517
-1%
|
3 456
-2%
|
3 417
-1%
|
3 555
+4%
|
3 543
0%
|
3 628
+2%
|
3 733
+3%
|
3 726
0%
|
3 764
+1%
|
3 816
+1%
|
3 931
+3%
|
3 977
+1%
|
4 039
+2%
|
4 073
+1%
|
4 149
+2%
|
4 220
+2%
|
4 244
+1%
|
4 046
-5%
|
4 142
+2%
|
4 263
+3%
|
4 249
0%
|
4 469
+5%
|
4 460
0%
|
4 460
+0%
|
4 538
+2%
|
4 637
+2%
|
4 752
+2%
|
4 930
+4%
|
4 928
0%
|
5 092
+3%
|
5 269
+3%
|
5 369
+2%
|
5 378
+0%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(2 261)
|
(2 284)
|
(2 365)
|
(2 477)
|
(2 365)
|
(2 507)
|
(2 524)
|
(2 450)
|
(2 353)
|
(2 352)
|
(2 299)
|
(2 416)
|
(2 402)
|
(2 547)
|
(2 623)
|
(2 634)
|
(2 599)
|
(2 735)
|
(2 799)
|
(2 762)
|
(2 732)
|
(2 788)
|
(2 794)
|
(2 747)
|
(2 590)
|
(2 500)
|
(2 490)
|
(2 477)
|
(2 440)
|
(2 639)
|
(2 648)
|
(2 727)
|
(2 856)
|
(2 994)
|
(3 145)
|
(3 347)
|
(3 177)
|
(3 383)
|
(3 431)
|
(3 467)
|
(3 428)
|
|
Gross Profit |
1 088
N/A
|
1 099
+1%
|
1 157
+5%
|
1 201
+4%
|
1 158
-4%
|
1 121
-3%
|
1 132
+1%
|
1 095
-3%
|
1 164
+6%
|
1 104
-5%
|
1 118
+1%
|
1 139
+2%
|
1 141
+0%
|
1 081
-5%
|
1 110
+3%
|
1 091
-2%
|
1 165
+7%
|
1 081
-7%
|
1 133
+5%
|
1 215
+7%
|
1 308
+8%
|
1 285
-2%
|
1 355
+5%
|
1 473
+9%
|
1 654
+12%
|
1 546
-6%
|
1 652
+7%
|
1 786
+8%
|
1 809
+1%
|
1 830
+1%
|
1 812
-1%
|
1 734
-4%
|
1 682
-3%
|
1 642
-2%
|
1 608
-2%
|
1 583
-2%
|
1 751
+11%
|
1 709
-2%
|
1 838
+8%
|
1 902
+3%
|
1 950
+3%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(988)
|
(1 007)
|
(1 065)
|
(1 108)
|
(1 091)
|
(1 065)
|
(1 083)
|
(1 052)
|
(1 123)
|
(1 061)
|
(1 059)
|
(1 058)
|
(1 066)
|
(1 073)
|
(1 101)
|
(1 093)
|
(1 092)
|
(1 043)
|
(1 015)
|
(1 000)
|
(1 147)
|
(1 111)
|
(1 142)
|
(1 163)
|
(1 278)
|
(1 173)
|
(1 207)
|
(1 284)
|
(1 276)
|
(1 259)
|
(1 241)
|
(1 216)
|
(1 243)
|
(1 202)
|
(1 161)
|
(1 127)
|
(1 278)
|
(1 202)
|
(1 285)
|
(1 310)
|
(1 398)
|
|
Selling, General & Administrative |
(983)
|
(999)
|
(1 054)
|
(1 087)
|
(1 053)
|
(1 066)
|
(1 085)
|
(1 064)
|
(1 079)
|
(1 064)
|
(1 063)
|
(1 064)
|
(1 020)
|
(1 014)
|
(1 043)
|
(997)
|
(1 128)
|
(1 149)
|
(1 143)
|
(1 138)
|
(1 119)
|
(1 118)
|
(1 094)
|
(1 099)
|
(1 175)
|
(1 091)
|
(1 116)
|
(1 194)
|
(1 151)
|
(1 145)
|
(1 134)
|
(1 106)
|
(1 128)
|
(1 062)
|
(1 015)
|
(983)
|
(1 146)
|
(1 116)
|
(1 166)
|
(1 190)
|
(1 290)
|
|
Research & Development |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(29)
|
0
|
0
|
0
|
(25)
|
(65)
|
(62)
|
(100)
|
(116)
|
(107)
|
(118)
|
(122)
|
(135)
|
(123)
|
(147)
|
(150)
|
(149)
|
(131)
|
(153)
|
(156)
|
(158)
|
(148)
|
(170)
|
(175)
|
(159)
|
(137)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
(38)
|
0
|
0
|
0
|
(43)
|
0
|
0
|
0
|
(46)
|
0
|
0
|
0
|
(39)
|
0
|
0
|
0
|
(48)
|
0
|
0
|
0
|
(62)
|
0
|
0
|
0
|
(76)
|
0
|
0
|
0
|
(60)
|
0
|
0
|
0
|
(62)
|
0
|
0
|
0
|
(60)
|
|
Other Operating Expenses |
(5)
|
(7)
|
(11)
|
(21)
|
(0)
|
1
|
2
|
12
|
(1)
|
2
|
3
|
6
|
(1)
|
(59)
|
(59)
|
(68)
|
75
|
106
|
128
|
163
|
84
|
70
|
52
|
52
|
67
|
35
|
31
|
45
|
74
|
33
|
43
|
39
|
75
|
13
|
10
|
13
|
78
|
83
|
56
|
38
|
89
|
|
Operating Income |
99
N/A
|
92
-7%
|
92
+0%
|
94
+2%
|
67
-28%
|
56
-17%
|
49
-12%
|
43
-13%
|
42
-2%
|
43
+3%
|
59
+37%
|
81
+37%
|
75
-8%
|
8
-89%
|
9
+13%
|
(2)
N/A
|
73
N/A
|
38
-49%
|
118
+212%
|
215
+83%
|
161
-25%
|
174
+8%
|
214
+23%
|
310
+45%
|
376
+21%
|
373
-1%
|
445
+19%
|
502
+13%
|
533
+6%
|
572
+7%
|
571
0%
|
518
-9%
|
439
-15%
|
440
+0%
|
446
+1%
|
456
+2%
|
473
+4%
|
507
+7%
|
553
+9%
|
591
+7%
|
552
-7%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(66)
|
(54)
|
(41)
|
(25)
|
(2)
|
7
|
14
|
20
|
20
|
17
|
14
|
12
|
12
|
22
|
60
|
113
|
179
|
233
|
243
|
250
|
248
|
235
|
245
|
236
|
219
|
206
|
185
|
190
|
206
|
215
|
232
|
228
|
233
|
232
|
234
|
235
|
235
|
215
|
211
|
204
|
196
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(63)
|
(5)
|
(4)
|
(4)
|
(7)
|
1
|
(2)
|
(2)
|
53
|
64
|
64
|
64
|
(9)
|
(3)
|
(2)
|
(33)
|
(32)
|
(24)
|
(24)
|
55
|
53
|
58
|
57
|
8
|
(2)
|
3
|
4
|
3
|
(11)
|
|
Gain/Loss on Disposition of Assets |
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(1)
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(10)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
27
|
24
|
16
|
10
|
25
|
36
|
47
|
60
|
65
|
68
|
78
|
79
|
139
|
141
|
131
|
130
|
11
|
(6)
|
(15)
|
(30)
|
3
|
2
|
(1)
|
1
|
2
|
0
|
2
|
1
|
6
|
(2)
|
(1)
|
1
|
5
|
4
|
2
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
2
|
|
Pre-Tax Income |
61
N/A
|
61
+1%
|
66
+8%
|
78
+18%
|
89
+14%
|
97
+10%
|
110
+13%
|
121
+10%
|
127
+5%
|
127
+0%
|
150
+18%
|
170
+13%
|
163
-4%
|
167
+2%
|
194
+17%
|
237
+22%
|
257
+8%
|
265
+3%
|
343
+29%
|
433
+26%
|
465
+7%
|
475
+2%
|
522
+10%
|
611
+17%
|
588
-4%
|
576
-2%
|
630
+9%
|
661
+5%
|
703
+6%
|
760
+8%
|
778
+2%
|
801
+3%
|
730
-9%
|
734
+0%
|
739
+1%
|
698
-6%
|
706
+1%
|
724
+2%
|
767
+6%
|
796
+4%
|
740
-7%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(14)
|
(14)
|
(16)
|
(17)
|
(19)
|
(22)
|
(25)
|
(29)
|
(30)
|
(30)
|
(38)
|
(43)
|
(36)
|
(37)
|
(41)
|
(48)
|
(59)
|
(60)
|
(71)
|
(87)
|
(86)
|
(84)
|
(86)
|
(93)
|
(76)
|
(76)
|
(87)
|
(102)
|
(117)
|
(121)
|
(123)
|
(123)
|
(103)
|
(105)
|
(108)
|
(97)
|
(101)
|
(102)
|
(107)
|
(109)
|
(97)
|
|
Income from Continuing Operations |
47
|
47
|
50
|
62
|
70
|
75
|
85
|
92
|
97
|
97
|
112
|
127
|
127
|
130
|
153
|
190
|
198
|
205
|
272
|
346
|
379
|
391
|
435
|
518
|
512
|
501
|
543
|
559
|
586
|
639
|
655
|
678
|
627
|
628
|
631
|
601
|
606
|
621
|
661
|
686
|
643
|
|
Income to Minority Interest |
(5)
|
(5)
|
(5)
|
(7)
|
(9)
|
(14)
|
(16)
|
(17)
|
(14)
|
(10)
|
(11)
|
(10)
|
(14)
|
(14)
|
(12)
|
(13)
|
(13)
|
(14)
|
(15)
|
(15)
|
(13)
|
(13)
|
(13)
|
(14)
|
(14)
|
(13)
|
(11)
|
(11)
|
(16)
|
(21)
|
(21)
|
(20)
|
(16)
|
(16)
|
(17)
|
(14)
|
(7)
|
(7)
|
(10)
|
(15)
|
(20)
|
|
Net Income (Common) |
41
N/A
|
42
+1%
|
44
+6%
|
55
+23%
|
60
+10%
|
62
+2%
|
69
+11%
|
75
+9%
|
83
+11%
|
87
+4%
|
102
+18%
|
117
+15%
|
114
-3%
|
115
+1%
|
141
+22%
|
177
+26%
|
185
+5%
|
191
+3%
|
258
+35%
|
331
+29%
|
366
+11%
|
378
+3%
|
423
+12%
|
504
+19%
|
498
-1%
|
488
-2%
|
532
+9%
|
548
+3%
|
569
+4%
|
619
+9%
|
634
+2%
|
659
+4%
|
611
-7%
|
612
+0%
|
614
+0%
|
587
-4%
|
598
+2%
|
614
+3%
|
651
+6%
|
671
+3%
|
624
-7%
|
|
EPS (Diluted) |
0.03
N/A
|
0.03
N/A
|
0.03
N/A
|
0.04
+33%
|
0.04
N/A
|
0.05
+25%
|
0.05
N/A
|
0.06
+20%
|
0.06
N/A
|
0.07
+17%
|
0.08
+14%
|
0.09
+13%
|
0.08
-11%
|
0.08
N/A
|
0.08
N/A
|
0.08
N/A
|
0.09
+13%
|
0.09
N/A
|
0.12
+33%
|
0.15
+25%
|
0.17
+13%
|
0.16
-6%
|
0.18
+13%
|
0.22
+22%
|
0.22
N/A
|
0.22
N/A
|
0.24
+9%
|
0.25
+4%
|
0.26
+4%
|
0.28
+8%
|
0.29
+4%
|
0.3
+3%
|
0.28
-7%
|
0.28
N/A
|
0.28
N/A
|
0.27
-4%
|
0.27
N/A
|
0.28
+4%
|
0.29
+4%
|
0.3
+3%
|
0.28
-7%
|