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重庆啤酒 — Financial Statements
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line ItemFY 2025Dec 31, 2025FY 2024Dec 31, 2024FY 2023Dec 31, 2023FY 2022Dec 31, 2022FY 2021Dec 31, 2021
+Revenue 14.7B 14.6B 14.8B 14.0B 13.1B
Revenue Growth % 0.5% -1.1% 5.5% 7.0% --
Total Revenue 14.7B 14.6B 14.8B 14.0B 13.1B
Cost Of Revenue 7.2B 7.5B 7.5B 7.0B 6.4B
+Gross Profit 7.5B 7.1B 7.3B 7.1B 6.7B
Gross Margin % 50.9% 48.6% 49.1% 50.5% 50.9%
Total Operating Cost 11.6B 11.6B 11.6B 10.9B 10.3B
Selling Expenses 2.7B 2.5B 2.5B 2.3B 2.2B
Admin Expenses 598.0M 517.0M 495.0M 535.0M 517.0M
Rd Expenses 15.9M 22.7M 26.2M 111.0M 163.0M
Finance Expenses -14.9M -28.0M -60.3M -56.1M -15.9M
+Operating Income 3.2B 3.2B 3.4B 3.3B 2.9B
Operating Margin % 21.8% 21.7% 22.6% 23.5% 22.5%
Non Operating Income 52.8M 15.9M 28.8M 7.1M 8.5M
Non Operating Expenses 16.5M 280.0M 5.9M 7.3M 15.0M
Investment Income -23.9M 80.2M 66.6M 67.9M 58.1M
Fair Value Change Income 90,700 -- 202,000 -- 1.1M
Asset Disposal Income 5.6M 1.2M -2.3M 2.0M 1.8M
Asset Impairment Loss 104.0M 92.0M 101.0M 81.4M 79.3M
Other Income 65.5M 61.0M 60.7M 57.6M 51.1M
Income Before Tax 3.2B 2.9B 3.4B 3.3B 2.9B
Income Tax 764.0M 671.0M 664.0M 712.0M 542.0M
+Net Income 2.5B 2.2B 2.7B 2.6B 2.4B
Net Margin % 16.8% 15.4% 18.3% 18.4% 18.3%
Net Income Attributable 1.2B 1.1B 1.3B 1.3B 1.2B
Minority Interest 1.2B 1.1B 1.4B 1.3B 1.2B
Eps Basic 2.54 2.30 2.76 2.61 2.41
Eps Diluted 2.54 2.30 2.76 2.61 2.41
Line ItemFY 2025Dec 31, 2025FY 2024Dec 31, 2024FY 2023Dec 31, 2023FY 2022Dec 31, 2022FY 2021Dec 31, 2021
Cash And Equivalents 753.0M 1.1B 2.7B 3.4B 2.4B
Trading Financial Assets 380.0M -- 360.0M -- 501.0M
Accounts Receivable 87.4M 63.4M 64.6M 65.5M 109.0M
Notes Receivable -- -- -- -- --
Notes And Accounts Receivable 87.4M 63.4M 64.6M 65.5M 109.0M
Prepayments 39.3M 28.0M 41.8M 43.2M 45.1M
Inventory 2.0B 2.2B 2.1B 2.2B 1.9B
Total Current Assets 3.5B 3.7B 5.5B 5.8B 5.0B
Long Term Equity Investment 141.0M 143.0M 141.0M 297.0M 240.0M
Fixed Assets 4.4B 4.8B 3.7B 3.7B 3.7B
Fixed Assets Total 4.4B 4.8B 3.7B 3.7B 3.7B
Construction In Progress 181.0M 160.0M 784.0M 395.0M 162.0M
Construction In Progress Total 181.0M 160.0M 784.0M 395.0M 162.0M
Intangible Assets 695.0M 651.0M 677.0M 685.0M 615.0M
Long Term Deferred Expenses -- -- -- -- --
Total Non Current Assets 7.1B 7.3B 6.9B 6.7B 6.5B
Total Assets 10.7B 11.0B 12.4B 12.5B 11.5B
Short Term Borrowings -- -- -- -- --
Accounts Payable 2.4B 2.5B 2.6B 2.5B 2.2B
Advance Receipts -- -- -- -- --
Contract Liabilities 1.7B 1.8B 1.7B 1.6B 1.7B
Total Current Liabilities 7.2B 7.7B 8.2B 8.3B 7.9B
Long Term Borrowings -- -- -- -- --
Total Non Current Liabilities 582.0M 775.0M 553.0M 563.0M 522.0M
Total Liabilities 7.8B 8.5B 8.7B 8.9B 8.4B
Paid In Capital 484.0M 484.0M 484.0M 484.0M 484.0M
Capital Reserve 36.6M 24.3M 16.0M 7.7M 2.1M
Surplus Reserve 242.0M 242.0M 242.0M 242.0M 242.0M
Retained Earnings 614.0M 448.0M 1.4B 1.3B 1.0B
Minority Equity 1.5B 1.3B 1.5B 1.6B 1.4B
Equity Attributable 1.4B 1.2B 2.1B 2.1B 1.8B
Total Equity 2.9B 2.5B 3.7B 3.6B 3.1B
Line ItemFY 2025Dec 31, 2025FY 2024Dec 31, 2024FY 2023Dec 31, 2023FY 2022Dec 31, 2022FY 2021Dec 31, 2021
Cash From Sales 15.7B 15.7B 15.7B 15.1B 15.0B
Tax Refunds Received 102.0M 36.9M 107.0M 63.4M --
Total Operating Cash Inflow 16.3B 16.7B 16.9B 16.7B 15.8B
Cash Paid For Goods 7.3B 7.8B 7.6B 7.2B 6.8B
Cash Paid To Employees 1.7B 1.7B 1.6B 1.6B 1.4B
Taxes Paid 2.9B 2.6B 2.8B 2.4B 2.3B
Total Operating Cash Outflow 13.7B 14.2B 13.8B 13.0B 12.2B
Operating Cash Flow 2.6B 2.5B 3.1B 3.8B 3.6B
Total Investing Cash Inflow 1.7B 1.4B 228.0M 1.5B 1.6B
Total Investing Cash Outflow 2.5B 2.1B 1.3B 1.9B 2.7B
Investing Cash Flow -787.0M -633.0M -1.1B -388.0M -1.2B
Cash From Borrowings -- -- -- -- --
Dividends And Interest Paid 2.1B 3.5B 2.7B 2.1B 857.0M
Debt Repayments -- -- -- -- 890.0M
Total Financing Cash Inflow -- -- -- -- --
Total Financing Cash Outflow 2.2B 3.5B 2.7B 2.1B 2.0B
Financing Cash Flow -2.2B -3.5B -2.7B -2.1B -2.0B
Net Change In Cash -335.0M -1.6B -697.0M 1.2B 399.0M
Ending Cash Balance 746.0M 1.1B 2.7B 3.4B 2.2B
Capex 420.0M 1.1B 919.0M 913.0M 725.0M
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