
Luzhou Laojiao Co Ltd
SZSE:000568

Income Statement
Earnings Waterfall
Luzhou Laojiao Co Ltd
Revenue
|
32.6B
CNY
|
Cost of Revenue
|
-8.4B
CNY
|
Gross Profit
|
24.2B
CNY
|
Operating Expenses
|
-5.3B
CNY
|
Operating Income
|
18.9B
CNY
|
Other Expenses
|
-4.6B
CNY
|
Net Income
|
14.3B
CNY
|
Income Statement
Luzhou Laojiao 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 |
7 049
N/A
|
5 353
-24%
|
5 698
+6%
|
5 413
-5%
|
5 593
+3%
|
6 900
+23%
|
7 210
+4%
|
7 488
+4%
|
7 804
+4%
|
8 627
+11%
|
9 078
+5%
|
9 458
+4%
|
9 990
+6%
|
10 395
+4%
|
11 095
+7%
|
11 699
+5%
|
12 378
+6%
|
13 055
+5%
|
13 855
+6%
|
14 648
+6%
|
15 270
+4%
|
15 817
+4%
|
15 200
-4%
|
15 438
+2%
|
15 939
+3%
|
16 653
+4%
|
18 104
+9%
|
18 336
+1%
|
19 164
+5%
|
20 642
+8%
|
21 951
+6%
|
22 990
+5%
|
24 057
+5%
|
25 124
+4%
|
26 422
+5%
|
28 052
+6%
|
29 541
+5%
|
30 233
+2%
|
31 812
+5%
|
32 545
+2%
|
32 594
+0%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(3 647)
|
(3 064)
|
(3 359)
|
(3 167)
|
(3 222)
|
(3 902)
|
(4 143)
|
(4 054)
|
(4 162)
|
(4 043)
|
(4 188)
|
(4 310)
|
(4 271)
|
(3 967)
|
(4 428)
|
(4 441)
|
(4 584)
|
(4 189)
|
(4 692)
|
(4 863)
|
(4 886)
|
(4 680)
|
(4 369)
|
(4 454)
|
(4 640)
|
(4 613)
|
(5 717)
|
(5 309)
|
(5 376)
|
(5 204)
|
(5 985)
|
(6 178)
|
(6 248)
|
(6 123)
|
(7 220)
|
(7 500)
|
(7 812)
|
(6 778)
|
(8 041)
|
(8 352)
|
(8 400)
|
|
Gross Profit |
3 401
N/A
|
2 289
-33%
|
2 338
+2%
|
2 246
-4%
|
2 371
+6%
|
2 998
+26%
|
3 067
+2%
|
3 435
+12%
|
3 642
+6%
|
4 584
+26%
|
4 890
+7%
|
5 148
+5%
|
5 718
+11%
|
6 428
+12%
|
6 666
+4%
|
7 258
+9%
|
7 794
+7%
|
8 867
+14%
|
9 162
+3%
|
9 786
+7%
|
10 383
+6%
|
11 137
+7%
|
10 832
-3%
|
10 984
+1%
|
11 300
+3%
|
12 040
+7%
|
12 387
+3%
|
13 027
+5%
|
13 788
+6%
|
15 438
+12%
|
15 966
+3%
|
16 812
+5%
|
17 810
+6%
|
19 001
+7%
|
19 202
+1%
|
20 553
+7%
|
21 729
+6%
|
23 455
+8%
|
23 770
+1%
|
24 194
+2%
|
24 194
+0%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(901)
|
(1 337)
|
(1 349)
|
(1 438)
|
(1 577)
|
(1 426)
|
(1 407)
|
(1 525)
|
(1 649)
|
(2 300)
|
(2 329)
|
(2 449)
|
(2 707)
|
(3 245)
|
(3 131)
|
(3 353)
|
(3 671)
|
(4 504)
|
(4 272)
|
(4 515)
|
(4 717)
|
(5 407)
|
(4 800)
|
(4 649)
|
(4 265)
|
(4 425)
|
(4 213)
|
(4 145)
|
(4 276)
|
(5 277)
|
(4 754)
|
(4 830)
|
(4 958)
|
(5 561)
|
(4 767)
|
(5 004)
|
(5 154)
|
(6 185)
|
(5 253)
|
(5 430)
|
(5 326)
|
|
Selling, General & Administrative |
(899)
|
(1 147)
|
(1 144)
|
(1 234)
|
(1 373)
|
(1 247)
|
(1 407)
|
(1 524)
|
(1 646)
|
(2 164)
|
(2 313)
|
(2 409)
|
(2 677)
|
(3 074)
|
(3 089)
|
(3 332)
|
(3 659)
|
(4 327)
|
(4 232)
|
(4 487)
|
(4 689)
|
(5 254)
|
(4 811)
|
(4 605)
|
(4 216)
|
(4 263)
|
(4 155)
|
(4 085)
|
(4 216)
|
(5 059)
|
(4 652)
|
(4 708)
|
(4 791)
|
(5 251)
|
(4 602)
|
(4 858)
|
(5 017)
|
(5 886)
|
(5 122)
|
(5 244)
|
(5 130)
|
|
Research & Development |
0
|
(56)
|
0
|
0
|
0
|
(35)
|
0
|
0
|
0
|
0
|
0
|
0
|
(12)
|
(51)
|
(39)
|
(49)
|
(48)
|
(62)
|
(60)
|
(62)
|
(67)
|
(72)
|
(72)
|
(82)
|
(82)
|
(86)
|
(89)
|
(90)
|
(106)
|
(138)
|
(153)
|
(176)
|
(206)
|
(206)
|
(203)
|
(195)
|
(197)
|
(226)
|
(231)
|
(238)
|
(240)
|
|
Depreciation & Amortization |
0
|
(130)
|
0
|
0
|
0
|
(141)
|
0
|
0
|
0
|
(133)
|
0
|
0
|
0
|
(142)
|
0
|
0
|
0
|
(137)
|
0
|
0
|
0
|
(124)
|
0
|
0
|
0
|
(106)
|
0
|
0
|
0
|
(128)
|
0
|
0
|
0
|
(132)
|
0
|
0
|
0
|
(120)
|
0
|
0
|
0
|
|
Other Operating Expenses |
(2)
|
(3)
|
(205)
|
(204)
|
(204)
|
(2)
|
0
|
(1)
|
(4)
|
(2)
|
(16)
|
(40)
|
(18)
|
24
|
(4)
|
28
|
34
|
22
|
21
|
34
|
38
|
42
|
83
|
37
|
33
|
30
|
31
|
31
|
45
|
48
|
50
|
54
|
39
|
28
|
37
|
49
|
60
|
46
|
101
|
52
|
45
|
|
Operating Income |
2 501
N/A
|
952
-62%
|
990
+4%
|
808
-18%
|
794
-2%
|
1 573
+98%
|
1 660
+6%
|
1 910
+15%
|
1 993
+4%
|
2 284
+15%
|
2 562
+12%
|
2 700
+5%
|
3 011
+12%
|
3 183
+6%
|
3 535
+11%
|
3 905
+10%
|
4 123
+6%
|
4 363
+6%
|
4 891
+12%
|
5 271
+8%
|
5 666
+8%
|
5 730
+1%
|
6 032
+5%
|
6 335
+5%
|
7 034
+11%
|
7 615
+8%
|
8 174
+7%
|
8 882
+9%
|
9 512
+7%
|
10 161
+7%
|
11 212
+10%
|
11 982
+7%
|
12 851
+7%
|
13 440
+5%
|
14 435
+7%
|
15 549
+8%
|
16 576
+7%
|
17 270
+4%
|
18 518
+7%
|
18 764
+1%
|
18 868
+1%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
197
|
240
|
244
|
420
|
442
|
359
|
349
|
189
|
210
|
286
|
279
|
297
|
238
|
249
|
283
|
297
|
338
|
315
|
342
|
341
|
334
|
353
|
348
|
379
|
363
|
336
|
347
|
377
|
411
|
430
|
377
|
360
|
357
|
387
|
441
|
432
|
450
|
527
|
511
|
448
|
472
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(19)
|
0
|
0
|
(24)
|
(4)
|
0
|
0
|
0
|
(14)
|
(0)
|
(0)
|
0
|
32
|
0
|
27
|
26
|
4
|
8
|
8
|
9
|
(1)
|
(0)
|
19
|
19
|
9
|
19
|
(0)
|
(1)
|
46
|
0
|
46
|
46
|
|
Gain/Loss on Disposition of Assets |
0
|
(1)
|
0
|
0
|
(0)
|
(1)
|
0
|
(1)
|
(13)
|
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 |
18
|
26
|
26
|
19
|
14
|
36
|
40
|
42
|
44
|
9
|
3
|
2
|
16
|
5
|
9
|
(8)
|
(4)
|
(5)
|
(17)
|
5
|
(34)
|
(12)
|
(37)
|
(56)
|
(10)
|
(16)
|
2
|
25
|
(33)
|
(39)
|
(40)
|
(48)
|
(2)
|
19
|
9
|
6
|
17
|
(37)
|
(36)
|
(42)
|
(66)
|
|
Pre-Tax Income |
2 716
N/A
|
1 218
-55%
|
1 259
+3%
|
1 246
-1%
|
1 250
+0%
|
1 967
+57%
|
2 048
+4%
|
2 139
+4%
|
2 234
+4%
|
2 559
+15%
|
2 843
+11%
|
2 999
+5%
|
3 241
+8%
|
3 434
+6%
|
3 827
+11%
|
4 195
+10%
|
4 457
+6%
|
4 659
+5%
|
5 216
+12%
|
5 616
+8%
|
5 966
+6%
|
6 104
+2%
|
6 343
+4%
|
6 685
+5%
|
7 414
+11%
|
7 939
+7%
|
8 531
+7%
|
9 292
+9%
|
9 899
+7%
|
10 551
+7%
|
11 548
+9%
|
12 313
+7%
|
13 225
+7%
|
13 855
+5%
|
14 905
+8%
|
15 987
+7%
|
17 042
+7%
|
17 806
+4%
|
18 992
+7%
|
19 216
+1%
|
19 321
+1%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(667)
|
(241)
|
(245)
|
(221)
|
(206)
|
(416)
|
(449)
|
(504)
|
(523)
|
(580)
|
(656)
|
(655)
|
(757)
|
(832)
|
(935)
|
(1 054)
|
(1 089)
|
(1 148)
|
(1 262)
|
(1 374)
|
(1 457)
|
(1 462)
|
(1 529)
|
(1 598)
|
(1 799)
|
(1 981)
|
(2 119)
|
(2 292)
|
(2 441)
|
(2 614)
|
(2 900)
|
(3 068)
|
(3 308)
|
(3 444)
|
(3 663)
|
(4 030)
|
(4 300)
|
(4 517)
|
(4 847)
|
(5 002)
|
(5 026)
|
|
Income from Continuing Operations |
2 049
|
976
|
1 014
|
1 025
|
1 045
|
1 550
|
1 599
|
1 635
|
1 711
|
1 979
|
2 187
|
2 343
|
2 484
|
2 602
|
2 891
|
3 141
|
3 369
|
3 510
|
3 954
|
4 242
|
4 509
|
4 642
|
4 814
|
5 087
|
5 616
|
5 959
|
6 412
|
7 000
|
7 458
|
7 937
|
8 649
|
9 246
|
9 917
|
10 411
|
11 241
|
11 958
|
12 743
|
13 289
|
14 145
|
14 213
|
14 295
|
|
Income to Minority Interest |
(66)
|
(96)
|
(89)
|
(83)
|
(87)
|
(78)
|
(73)
|
(80)
|
(62)
|
(22)
|
(25)
|
(24)
|
(30)
|
(44)
|
(72)
|
(71)
|
(57)
|
(25)
|
(12)
|
14
|
21
|
0
|
20
|
25
|
47
|
47
|
53
|
11
|
8
|
18
|
16
|
15
|
(20)
|
(45)
|
(39)
|
(34)
|
(28)
|
(42)
|
(37)
|
(30)
|
(21)
|
|
Net Income (Common) |
1 982
N/A
|
880
-56%
|
925
+5%
|
942
+2%
|
958
+2%
|
1 473
+54%
|
1 525
+4%
|
1 555
+2%
|
1 649
+6%
|
1 957
+19%
|
2 162
+10%
|
2 319
+7%
|
2 454
+6%
|
2 558
+4%
|
2 819
+10%
|
3 070
+9%
|
3 312
+8%
|
3 486
+5%
|
3 942
+13%
|
4 256
+8%
|
4 530
+6%
|
4 642
+2%
|
4 835
+4%
|
5 113
+6%
|
5 662
+11%
|
6 006
+6%
|
6 465
+8%
|
7 012
+8%
|
7 466
+6%
|
7 956
+7%
|
8 664
+9%
|
9 261
+7%
|
9 897
+7%
|
10 365
+5%
|
11 202
+8%
|
11 924
+6%
|
12 714
+7%
|
13 246
+4%
|
14 108
+7%
|
14 184
+1%
|
14 273
+1%
|
|
EPS (Diluted) |
1.41
N/A
|
0.63
-55%
|
0.66
+5%
|
0.67
+2%
|
0.68
+1%
|
1.05
+54%
|
1.08
+3%
|
1.11
+3%
|
1.18
+6%
|
1.4
+19%
|
1.55
+11%
|
1.63
+5%
|
1.71
+5%
|
1.8
+5%
|
1.92
+7%
|
2.07
+8%
|
2.27
+10%
|
2.38
+5%
|
2.69
+13%
|
2.9
+8%
|
3.08
+6%
|
3.17
+3%
|
3.3
+4%
|
3.49
+6%
|
3.87
+11%
|
4.1
+6%
|
4.41
+8%
|
4.79
+9%
|
5.1
+6%
|
5.43
+6%
|
5.91
+9%
|
6.27
+6%
|
6.74
+7%
|
7.06
+5%
|
7.63
+8%
|
8.06
+6%
|
8.68
+8%
|
9.04
+4%
|
9.61
+6%
|
9.61
N/A
|
9.72
+1%
|