G

Guangzhou Zhujiang Brewery Co Ltd
SZSE:002461

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Guangzhou Zhujiang Brewery Co Ltd
SZSE:002461
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Price: 8.72 CNY -3.33% Market Closed
Market Cap: 19.3B CNY
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Income Statement

Earnings Waterfall
Guangzhou Zhujiang Brewery Co Ltd

Revenue
5.7B CNY
Cost of Revenue
-3.5B CNY
Gross Profit
2.2B CNY
Operating Expenses
-1.4B CNY
Operating Income
769m CNY
Other Expenses
17.6m CNY
Net Income
786.6m CNY

Income Statement
Guangzhou Zhujiang Brewery Co Ltd

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Income Statement
Currency: CNY
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
3 679
N/A
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%
5 451
+1%
5 591
+3%
5 714
+2%
Gross Profit
Cost of Revenue
(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)
(3 568)
(3 554)
(3 550)
Gross Profit
1 201
N/A
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%
1 883
-3%
2 037
+8%
2 164
+6%
Operating Income
Operating Expenses
(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)
(1 302)
(1 306)
(1 395)
Selling, General & Administrative
(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)
(1 244)
(1 256)
(1 330)
Research & Development
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)
(150)
(154)
(174)
Depreciation & Amortization
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)
0
0
0
Other Operating Expenses
(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
92
104
110
Operating Income
94
N/A
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%
581
+5%
731
+26%
769
+5%
Pre-Tax Income
Interest Income Expense
(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
197
172
162
Non-Reccuring Items
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)
(1)
(2)
(0)
Gain/Loss on Disposition of Assets
(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
0
0
0
Total Other Income
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
(3)
(4)
1
Pre-Tax Income
78
N/A
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%
774
+5%
897
+16%
931
+4%
Net Income
Tax Provision
(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)
(97)
(121)
(125)
Income from Continuing Operations
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
678
776
806
Income to Minority Interest
(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)
(20)
(19)
(20)
Net Income (Common)
55
N/A
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%
658
+5%
757
+15%
787
+4%
EPS (Diluted)
0.04
N/A
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%
0.3
+7%
0.34
+13%
0.36
+6%

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