Tsingtao Brewery Company Limited Website

Tsingtao Brewery Company Limited

SEHK-168

Income Statement
Dec '14
Dec '15
Dec '16
Dec '17
Dec '18
Dec '19
Dec '20
Dec '21
Dec '22
Dec '23
LTM

Operating Revenues

27,618.5

27,338

29,672.7

31,697.3

33,405.8

31,882.3

Other Revenues, Total

365.3

421.7

494.1

474.2

530.7

530.7

Total Revenues

27,983.8

27,759.7

30,166.8

32,171.6

33,936.5

32,413

Total Revenues % Chg.

5.3%

-0.8%

8.7%

6.6%

5.5%

-6%

Cost of Goods Sold, Total

17,119.7

18,018.1

19,182.7

20,402.1

20,915.9

19,508.7

Gross Profit

10,864.1

9,741.6

10,984.1

11,769.5

13,020.7

12,904.4

Selling General & Admin Expenses, Total

6,963.9

5,203.7

5,728.2

5,618.7

6,159

5,951.8

Provision for Bad Debts

-5.1

-1.5

-0.6

-0.3

-0.7

-0.2

R&D Expenses

—

—

—

21.1

21.5

30.9

63

100.6

107.9

Other Operating Expenses

2,313.4

2,219

2,318.8

2,390.7

2,386.7

2,192.9

Other Operating Expenses, Total

9,293.3

7,442.7

8,077.3

8,072.2

8,645.6

8,252.4

Operating Income

1,570.8

2,298.9

2,906.9

3,697.3

4,375.1

4,652

Interest Expense, Total

-16

-19.1

-29.1

-9.2

-16.4

-23.3

Interest And Investment Income

539.3

549.3

501.7

629.6

678.4

725.9

Net Interest Expenses

523.3

530.1

472.6

620.3

662

702.5

Currency Exchange Gains (Loss)

7.7

-11.9

-8.7

12.2

-2.9

-2.9

Other Non Operating Income (Expenses)

-1.4

-3.5

-17.6

-0.9

-17.8

-26.3

EBT, Excl. Unusual Items

2,100.4

2,813.7

3,353.1

4,328.9

5,016.4

5,325.3

Impairment of Goodwill

—

—

—

—

—

—

—

—

—

—

Gain (Loss) On Sale Of Investments

—

—

—

56.8

55.1

253.4

164.4

230.3

240

Gain (Loss) On Sale Of Assets

59.2

-5.2

481.5

-9.5

178.6

167.3

Asset Writedown

-121.3

-130.6

-189.1

-26.1

-79.5

-81.4

Other Unusual Items

631.9

506.5

580

548.5

400.7

400.7

EBT, Incl. Unusual Items

2,726.9

3,239.5

4,479

5,006.1

5,746.4

6,051.9

Income Tax Expense

797.8

912.6

1,222.7

1,201.4

1,398.2

1,463.9

Earnings From Continuing Operations

1,929.1

2,327

3,256.2

3,804.7

4,348.2

4,588

Minority Interest

-77

-125.6

-100.8

-94.1

-80.3

-104.2

Net Income

1,852.1

2,201.3

3,155.5

3,710.6

4,267.9

4,483.9

Preferred Dividend and Other Adjustments

—

—

—

—

—

—

—

10

9.8

8

8

Net Income to Common Incl Extra Items

1,852.1

2,201.3

3,145.4

3,700.8

4,259.9

4,475.9

Net Income to Common Excl. Extra Items

1,852.1

2,201.3

3,145.4

3,700.8

4,259.9

4,475.9

Total Shares Outstanding

1,351

1,364.2

1,364.4

1,364.2

1,364.2

1,366.4

Weighted Avg. Shares Outstanding

1,351

1,351

1,351

1,352.8

1,357.2

1,357.9

Weighted Avg. Shares Outstanding Dil

1,351

1,352.7

1,357.9

1,360.4

1,362.5

1,362.9

EPS

1.4

1.6

2.3

2.7

3.1

3.3

EPS Diluted

1.4

1.6

2.3

2.7

3.1

3.3

EBITDA

2,630.5

3,364.1

3,923

4,677.7

5,393.4

5,674.8

Effective Tax Rate

29.3%

28.2%

27.3%

24%

24.3%

24.2%