
Kweichow Moutai Co Ltd
SSE:600519

Income Statement
Earnings Waterfall
Kweichow Moutai Co Ltd
Revenue
|
168.4B
CNY
|
Cost of Revenue
|
-39.8B
CNY
|
Gross Profit
|
128.6B
CNY
|
Operating Expenses
|
-15.8B
CNY
|
Operating Income
|
112.8B
CNY
|
Other Expenses
|
-30.1B
CNY
|
Net Income
|
82.7B
CNY
|
Income Statement
Kweichow Moutai Co Ltd
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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
31 242
N/A
|
32 217
+3%
|
33 396
+4%
|
33 787
+1%
|
33 778
0%
|
33 447
-1%
|
34 938
+4%
|
36 000
+3%
|
37 246
+3%
|
40 155
+8%
|
43 817
+9%
|
46 910
+7%
|
57 108
+22%
|
61 063
+7%
|
65 543
+7%
|
70 819
+8%
|
71 544
+1%
|
77 199
+8%
|
81 285
+5%
|
83 121
+2%
|
85 739
+3%
|
88 854
+4%
|
91 672
+3%
|
93 316
+2%
|
94 921
+2%
|
97 993
+3%
|
100 760
+3%
|
103 081
+2%
|
105 471
+2%
|
109 464
+4%
|
114 587
+5%
|
118 186
+3%
|
122 197
+3%
|
127 554
+4%
|
133 746
+5%
|
139 098
+4%
|
143 084
+3%
|
150 560
+5%
|
157 666
+5%
|
163 024
+3%
|
168 367
+3%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(5 233)
|
(4 323)
|
(5 360)
|
(5 541)
|
(5 511)
|
(5 100)
|
(6 634)
|
(7 162)
|
(8 033)
|
(8 629)
|
(11 252)
|
(12 304)
|
(14 908)
|
(12 455)
|
(15 365)
|
(16 194)
|
(16 264)
|
(15 261)
|
(18 026)
|
(18 249)
|
(18 620)
|
(17 538)
|
(20 673)
|
(21 703)
|
(22 372)
|
(19 224)
|
(23 773)
|
(24 005)
|
(24 132)
|
(21 214)
|
(25 166)
|
(26 520)
|
(27 963)
|
(24 828)
|
(30 202)
|
(31 735)
|
(32 559)
|
(29 606)
|
(36 471)
|
(38 139)
|
(39 756)
|
|
Gross Profit |
26 009
N/A
|
27 894
+7%
|
28 036
+1%
|
28 246
+1%
|
28 266
+0%
|
28 347
+0%
|
28 303
0%
|
28 837
+2%
|
29 214
+1%
|
31 526
+8%
|
32 566
+3%
|
34 607
+6%
|
42 200
+22%
|
48 608
+15%
|
50 178
+3%
|
54 625
+9%
|
55 280
+1%
|
61 938
+12%
|
63 258
+2%
|
64 871
+3%
|
67 118
+3%
|
71 317
+6%
|
70 999
0%
|
71 613
+1%
|
72 548
+1%
|
78 770
+9%
|
76 986
-2%
|
79 075
+3%
|
81 339
+3%
|
88 250
+8%
|
89 421
+1%
|
91 666
+3%
|
94 234
+3%
|
102 726
+9%
|
103 544
+1%
|
107 363
+4%
|
110 525
+3%
|
120 954
+9%
|
121 195
+0%
|
124 885
+3%
|
128 611
+3%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(5 098)
|
(5 918)
|
(5 157)
|
(5 334)
|
(5 269)
|
(6 261)
|
(5 214)
|
(5 130)
|
(5 215)
|
(7 283)
|
(6 771)
|
(7 036)
|
(7 519)
|
(9 739)
|
(7 881)
|
(8 952)
|
(9 160)
|
(10 609)
|
(8 097)
|
(8 016)
|
(8 191)
|
(12 282)
|
(9 373)
|
(8 940)
|
(9 083)
|
(12 418)
|
(9 571)
|
(10 002)
|
(10 400)
|
(14 487)
|
(11 564)
|
(11 651)
|
(11 934)
|
(16 374)
|
(12 535)
|
(12 854)
|
(13 183)
|
(19 211)
|
(14 919)
|
(15 404)
|
(15 779)
|
|
Selling, General & Administrative |
(5 098)
|
(5 610)
|
(5 157)
|
(5 334)
|
(5 269)
|
(5 908)
|
(5 211)
|
(5 126)
|
(5 211)
|
(6 940)
|
(6 768)
|
(7 032)
|
(7 520)
|
(9 301)
|
(7 881)
|
(8 956)
|
(9 151)
|
(10 164)
|
(8 084)
|
(7 959)
|
(8 128)
|
(11 786)
|
(9 344)
|
(8 949)
|
(9 091)
|
(11 856)
|
(9 534)
|
(9 960)
|
(10 357)
|
(13 930)
|
(11 519)
|
(11 577)
|
(11 825)
|
(15 541)
|
(12 431)
|
(12 746)
|
(13 103)
|
(18 139)
|
(14 784)
|
(15 249)
|
(15 601)
|
|
Research & Development |
0
|
(10)
|
0
|
0
|
0
|
(8)
|
0
|
0
|
0
|
(12)
|
0
|
0
|
0
|
(11)
|
0
|
0
|
(8)
|
(19)
|
(24)
|
(68)
|
(73)
|
(44)
|
(67)
|
(36)
|
(37)
|
(45)
|
(51)
|
(50)
|
(55)
|
(57)
|
(70)
|
(99)
|
(135)
|
(114)
|
(139)
|
(148)
|
(121)
|
(139)
|
(163)
|
(177)
|
(197)
|
|
Depreciation & Amortization |
0
|
(298)
|
0
|
0
|
0
|
(343)
|
0
|
0
|
0
|
(331)
|
0
|
0
|
0
|
(422)
|
0
|
0
|
0
|
(426)
|
0
|
0
|
0
|
(443)
|
0
|
0
|
0
|
(487)
|
0
|
0
|
0
|
(523)
|
0
|
0
|
0
|
(672)
|
0
|
0
|
0
|
(827)
|
0
|
0
|
0
|
|
Other Operating Expenses |
0
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(3)
|
(5)
|
(5)
|
(1)
|
(5)
|
(4)
|
1
|
(4)
|
1
|
4
|
(1)
|
(1)
|
11
|
10
|
10
|
(9)
|
39
|
45
|
45
|
(31)
|
14
|
8
|
12
|
24
|
24
|
25
|
26
|
(47)
|
35
|
39
|
41
|
(106)
|
28
|
22
|
19
|
|
Operating Income |
20 910
N/A
|
21 976
+5%
|
22 878
+4%
|
22 911
+0%
|
22 997
+0%
|
22 086
-4%
|
23 089
+5%
|
23 707
+3%
|
23 998
+1%
|
24 243
+1%
|
25 794
+6%
|
27 571
+7%
|
34 682
+26%
|
38 869
+12%
|
42 299
+9%
|
45 674
+8%
|
46 121
+1%
|
51 329
+11%
|
55 161
+7%
|
56 855
+3%
|
58 927
+4%
|
59 034
+0%
|
61 626
+4%
|
62 673
+2%
|
63 466
+1%
|
66 351
+5%
|
67 416
+2%
|
69 074
+2%
|
70 939
+3%
|
73 764
+4%
|
77 857
+6%
|
80 015
+3%
|
82 300
+3%
|
86 352
+5%
|
91 009
+5%
|
94 509
+4%
|
97 342
+3%
|
101 743
+5%
|
106 277
+4%
|
109 481
+3%
|
112 831
+3%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
184
|
127
|
109
|
92
|
84
|
73
|
68
|
61
|
16
|
34
|
59
|
58
|
71
|
60
|
29
|
22
|
20
|
14
|
0
|
6
|
(110)
|
7
|
(20)
|
51
|
249
|
284
|
372
|
552
|
733
|
987
|
1 207
|
1 299
|
1 389
|
1 527
|
1 530
|
1 631
|
1 750
|
1 967
|
1 904
|
1 884
|
1 700
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(11)
|
0
|
0
|
0
|
11
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
(3)
|
(1)
|
(0)
|
3
|
2
|
|
Gain/Loss on Disposition of Assets |
0
|
(85)
|
(81)
|
(81)
|
(81)
|
0
|
0
|
0
|
0
|
(2)
|
(2)
|
(2)
|
(4)
|
(3)
|
0
|
(3)
|
0
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(12)
|
0
|
0
|
0
|
(21)
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
|
Total Other Income |
(150)
|
(136)
|
(133)
|
(113)
|
(135)
|
(157)
|
(152)
|
(151)
|
(137)
|
(306)
|
(345)
|
(351)
|
(336)
|
(197)
|
(171)
|
(317)
|
(316)
|
(514)
|
(617)
|
(462)
|
(360)
|
(258)
|
(231)
|
(254)
|
(260)
|
(438)
|
(378)
|
(357)
|
(498)
|
(211)
|
(219)
|
(197)
|
(101)
|
(157)
|
(148)
|
(151)
|
(78)
|
(48)
|
(44)
|
(51)
|
(49)
|
|
Pre-Tax Income |
20 944
N/A
|
21 882
+4%
|
22 772
+4%
|
22 808
+0%
|
22 865
+0%
|
22 002
-4%
|
23 006
+5%
|
23 618
+3%
|
23 878
+1%
|
23 958
+0%
|
25 507
+6%
|
27 276
+7%
|
34 412
+26%
|
38 740
+13%
|
42 157
+9%
|
45 376
+8%
|
45 824
+1%
|
50 828
+11%
|
54 543
+7%
|
56 397
+3%
|
58 456
+4%
|
58 783
+1%
|
61 376
+4%
|
62 472
+2%
|
63 456
+2%
|
66 197
+4%
|
67 410
+2%
|
69 269
+3%
|
71 174
+3%
|
74 528
+5%
|
78 844
+6%
|
81 117
+3%
|
83 588
+3%
|
87 701
+5%
|
92 391
+5%
|
95 986
+4%
|
99 012
+3%
|
103 663
+5%
|
108 136
+4%
|
111 317
+3%
|
114 485
+3%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(5 265)
|
(5 613)
|
(5 827)
|
(5 839)
|
(5 845)
|
(5 547)
|
(5 968)
|
(6 150)
|
(6 219)
|
(6 027)
|
(6 242)
|
(6 678)
|
(8 450)
|
(9 734)
|
(10 565)
|
(11 493)
|
(11 608)
|
(12 998)
|
(13 929)
|
(14 293)
|
(14 786)
|
(14 813)
|
(15 459)
|
(15 770)
|
(16 047)
|
(16 674)
|
(16 978)
|
(17 467)
|
(17 927)
|
(18 808)
|
(19 944)
|
(20 498)
|
(21 129)
|
(22 325)
|
(23 443)
|
(24 384)
|
(25 123)
|
(26 141)
|
(27 257)
|
(27 950)
|
(28 759)
|
|
Income from Continuing Operations |
15 679
|
16 269
|
16 945
|
16 969
|
17 020
|
16 455
|
17 038
|
17 467
|
17 658
|
17 931
|
19 263
|
20 598
|
25 962
|
29 006
|
31 593
|
33 884
|
34 217
|
37 830
|
40 615
|
42 105
|
43 671
|
43 970
|
45 918
|
46 702
|
47 409
|
49 523
|
50 433
|
51 803
|
53 248
|
55 721
|
58 901
|
60 619
|
62 460
|
65 376
|
68 948
|
71 602
|
73 888
|
77 521
|
80 879
|
83 366
|
85 726
|
|
Income to Minority Interest |
(919)
|
(920)
|
(929)
|
(961)
|
(939)
|
(952)
|
(1 012)
|
(1 051)
|
(1 115)
|
(1 212)
|
(1 312)
|
(1 432)
|
(1 726)
|
(1 927)
|
(2 129)
|
(2 291)
|
(2 388)
|
(2 626)
|
(2 697)
|
(2 714)
|
(2 745)
|
(2 764)
|
(2 838)
|
(2 844)
|
(2 830)
|
(2 826)
|
(2 875)
|
(3 053)
|
(3 111)
|
(3 260)
|
(3 150)
|
(3 019)
|
(2 866)
|
(2 659)
|
(2 681)
|
(2 699)
|
(2 695)
|
(2 787)
|
(2 875)
|
(2 917)
|
(3 040)
|
|
Net Income (Common) |
14 758
N/A
|
15 350
+4%
|
16 014
+4%
|
16 007
0%
|
16 080
+0%
|
15 503
-4%
|
16 026
+3%
|
16 416
+2%
|
16 543
+1%
|
16 718
+1%
|
17 952
+7%
|
19 167
+7%
|
24 237
+26%
|
27 079
+12%
|
29 464
+9%
|
31 593
+7%
|
31 829
+1%
|
35 204
+11%
|
37 917
+8%
|
39 390
+4%
|
40 925
+4%
|
41 206
+1%
|
43 080
+5%
|
43 858
+2%
|
44 579
+2%
|
46 697
+5%
|
47 557
+2%
|
48 749
+3%
|
50 136
+3%
|
52 460
+5%
|
55 751
+6%
|
57 600
+3%
|
59 594
+3%
|
62 717
+5%
|
66 266
+6%
|
68 903
+4%
|
71 193
+3%
|
74 734
+5%
|
78 004
+4%
|
80 449
+3%
|
82 685
+3%
|
|
EPS (Diluted) |
11.75
N/A
|
12.22
+4%
|
12.75
+4%
|
12.74
0%
|
12.8
+0%
|
12.34
-4%
|
12.76
+3%
|
13.08
+3%
|
13.18
+1%
|
13.31
+1%
|
14.3
+7%
|
15.26
+7%
|
19.29
+26%
|
21.56
+12%
|
23.45
+9%
|
25.15
+7%
|
25.34
+1%
|
28.02
+11%
|
30.18
+8%
|
31.35
+4%
|
32.57
+4%
|
32.8
+1%
|
34.29
+5%
|
34.91
+2%
|
35.49
+2%
|
37.17
+5%
|
37.87
+2%
|
38.82
+3%
|
39.92
+3%
|
41.76
+5%
|
44.38
+6%
|
45.85
+3%
|
47.44
+3%
|
49.93
+5%
|
52.75
+6%
|
54.85
+4%
|
56.67
+3%
|
59.49
+5%
|
62.1
+4%
|
64.04
+3%
|
65.82
+3%
|