山西汾酒 - Financials

山西汾酒 — Financial Statements

Annual Quarterly

5 10 All

Income Statement

Balance Sheet

Cash Flow

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021	FY 2020Dec 31, 2020	FY 2019Dec 31, 2019	FY 2018Dec 31, 2018	FY 2017Dec 31, 2017	FY 2016Dec 31, 2016	FY 2015Dec 31, 2015	FY 2014Dec 31, 2014	FY 2013Dec 31, 2013	FY 2012Dec 31, 2012	FY 2011Dec 31, 2011	FY 2010Dec 31, 2010	FY 2009Dec 31, 2009	FY 2008Dec 31, 2008	FY 2007Dec 31, 2007	FY 2006Dec 31, 2006	FY 2005Dec 31, 2005
+Revenue	36.0B	31.9B	26.2B	20.0B	14.0B	11.9B	9.4B	6.4B	4.4B	4.1B	3.9B	6.1B	6.5B	4.5B	3.0B	2.1B	1.6B	1.8B	1.5B	1.1B
Revenue Growth %	12.8%	21.8%	31.3%	42.8%	17.6%	25.9%	48.5%	44.4%	6.7%	5.4%	-35.7%	-6.1%	44.4%	48.8%	40.8%	35.2%	-14.2%	21.0%	42.4%	--
Total Revenue	36.0B	31.9B	26.2B	20.0B	14.0B	11.9B	9.4B	6.4B	4.4B	4.1B	3.9B	6.1B	6.5B	4.5B	3.0B	2.1B	1.6B	1.8B	1.5B	1.1B
Cost Of Revenue	8.6B	7.9B	6.5B	5.0B	3.9B	3.2B	3.0B	2.1B	1.4B	1.3B	1.3B	1.5B	1.6B	1.1B	706.0M	539.0M	373.0M	422.0M	406.0M	299.0M
+Gross Profit	27.4B	24.0B	19.8B	15.0B	10.1B	8.7B	6.5B	4.3B	3.0B	2.8B	2.6B	4.6B	4.8B	3.4B	2.3B	1.6B	1.2B	1.4B	1.1B	773.0M
Gross Margin %	76.2%	75.3%	75.4%	74.9%	72.2%	73.4%	68.7%	67.3%	68.7%	67.4%	67.4%	75.1%	74.8%	76.0%	76.6%	74.8%	76.5%	77.2%	73.4%	72.1%
Total Operating Cost	19.8B	18.2B	15.7B	13.1B	9.7B	8.9B	7.2B	5.0B	3.5B	3.4B	3.4B	4.6B	4.5B	3.1B	2.1B	1.5B	1.1B	1.2B	1.0B	793.0M
Selling Expenses	3.7B	3.2B	3.4B	3.2B	2.3B	2.5B	1.7B	1.1B	775.0M	915.0M	1.1B	1.7B	1.4B	921.0M	581.0M	364.0M	310.0M	363.0M	213.0M	159.0M
Admin Expenses	1.4B	1.2B	1.2B	1.2B	1.1B	891.0M	698.0M	539.0M	442.0M	420.0M	448.0M	460.0M	429.0M	320.0M	304.0M	202.0M	149.0M	92.1M	129.0M	108.0M
Rd Expenses	148.0M	88.2M	58.0M	23.0M	16.7M	22.3M	12.2M	11.2M	--	--	--	--	--	--	--	--	--	--	--	--
Finance Expenses	-9.8M	-7.9M	-36.8M	-33.1M	-68.0M	-103.0M	-28.1M	-22.2M	-17.7M	-13.1M	-16.6M	-40.3M	-43.4M	-11.7M	-4.4M	-2.0M	-647,800	-3.5M	-1.7M	-505,900
+Operating Income	16.5B	14.2B	10.9B	7.0B	4.2B	2.9B	2.2B	1.4B	930.0M	772.0M	509.0M	1.5B	2.0B	1.4B	889.0M	671.0M	486.0M	685.0M	504.0M	280.0M
Operating Margin %	45.9%	44.6%	41.5%	35.2%	30.3%	24.6%	23.7%	21.9%	21.1%	18.7%	13.0%	24.4%	31.1%	30.4%	29.5%	31.3%	30.7%	37.1%	33.0%	26.1%
Non Operating Income	4.0M	4.9M	6.2M	70.9M	5.5M	3.2M	1.4M	9.2M	5.2M	3.8M	8.7M	4.5M	4.9M	3.9M	2.8M	1.1M	2.6M	1.9M	1.4M	602,000
Non Operating Expenses	13.7M	23.8M	3.0M	9.8M	3.8M	1.5M	4.0M	10.9M	14.8M	16.0M	40.1M	48.7M	54.3M	32.2M	25.3M	10.0M	44.7M	19.4M	8.1M	6.6M
Investment Income	324.0M	499.0M	330.0M	72.2M	-48.8M	-97.8M	997,900	895,500	-880,000	375,300	11,500	284,300	4,313	611,600	161,900	169,100	101,500	132,600	766,000	354,600
Fair Value Change Income	--	237,700	3.1M	27.5M	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Asset Disposal Income	6,200	--	65,300	245,500	11.00	989,900	242,100	--	--	--	--	--	--	--	--	--	--	--	--	--
Asset Impairment Loss	2.1M	--	444,900	--	--	--	-2.0M	-17.1M	25.9M	4.9M	-962,400	7.9M	-17.9M	4.3M	27.3M	2.0M	22.1M	494,400	-3.7M	--
Other Income	10.5M	14.7M	9.7M	14.1M	2.6M	616,700	1.8M	--	--	--	--	--	--	--	--	--	--	--	--	--
Income Before Tax	16.5B	14.2B	10.9B	7.1B	4.2B	2.9B	2.2B	1.4B	920.0M	760.0M	477.0M	1.4B	2.0B	1.3B	867.0M	662.0M	444.0M	668.0M	497.0M	274.0M
Income Tax	4.3B	3.7B	2.7B	1.7B	1.1B	815.0M	628.0M	382.0M	278.0M	218.0M	119.0M	455.0M	579.0M	413.0M	265.0M	204.0M	129.0M	252.0M	180.0M	106.0M
+Net Income	12.3B	10.5B	8.2B	5.4B	3.1B	2.1B	1.6B	1.0B	642.0M	542.0M	358.0M	985.0M	1.4B	925.0M	602.0M	458.0M	315.0M	415.0M	318.0M	168.0M
Net Margin %	34.0%	32.8%	31.1%	27.0%	22.3%	17.8%	17.0%	15.9%	14.6%	13.1%	9.1%	16.2%	21.4%	20.6%	20.0%	21.4%	19.9%	22.5%	20.8%	15.7%
Net Income Attributable	12.2B	10.4B	8.1B	5.3B	3.1B	2.0B	1.5B	952.0M	605.0M	521.0M	356.0M	960.0M	1.3B	781.0M	494.0M	355.0M	245.0M	360.0M	261.0M	132.0M
Minority Interest	10.2M	20.4M	61.1M	76.1M	36.6M	147.0M	97.8M	59.2M	36.4M	21.2M	2.1M	25.0M	59.8M	144.0M	107.0M	103.0M	69.4M	55.7M	57.1M	35.9M
Eps Basic	10.04	8.56	6.65	4.37	2.54	2.27	1.74	1.10	0.70	0.60	0.41	1.11	1.53	0.90	1.14	0.82	0.57	0.83	0.60	0.31
Eps Diluted	10.04	8.56	6.64	4.37	2.53	2.27	1.74	1.10	0.70	0.60	0.41	1.11	1.53	0.90	1.14	0.82	0.57	0.83	0.60	--

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021	FY 2020Dec 31, 2020	FY 2019Dec 31, 2019	FY 2018Dec 31, 2018	FY 2017Dec 31, 2017	FY 2016Dec 31, 2016	FY 2015Dec 31, 2015	FY 2014Dec 31, 2014	FY 2013Dec 31, 2013	FY 2012Dec 31, 2012	FY 2011Dec 31, 2011	FY 2010Dec 31, 2010	FY 2009Dec 31, 2009	FY 2008Dec 31, 2008	FY 2007Dec 31, 2007	FY 2006Dec 31, 2006	FY 2005Dec 31, 2005
Cash And Equivalents	6.3B	3.8B	11.2B	6.1B	4.6B	4.0B	1.4B	1.3B	1.2B	1.0B	756.0M	985.0M	2.5B	2.0B	1.1B	708.0M	542.0M	172.0M	385.0M	140.0M
Trading Financial Assets	--	50.2M	1.1B	6.0B	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Accounts Receivable	75,300	231,100	542,900	1.3M	1.7M	6.4M	12.5M	23.2M	61.6M	10.9M	1.4M	1.0M	18.9M	23.1M	25.7M	45.0M	39.1M	164.0M	76.7M	92.9M
Notes Receivable	--	--	--	--	--	--	3.8B	2.2B	1.5B	1.2B	1.1B	1.2B	908.0M	576.0M	479.0M	362.0M	284.0M	573.0M	321.0M	302.0M
Notes And Accounts Receivable	75,300	231,100	542,900	1.3M	1.7M	6.4M	3.8B	2.3B	1.5B	1.2B	1.1B	1.2B	927.0M	599.0M	505.0M	407.0M	323.0M	737.0M	398.0M	395.0M
Prepayments	98.6M	114.0M	133.0M	163.0M	117.0M	137.0M	100.0M	192.0M	46.9M	37.3M	61.6M	82.1M	101.0M	133.0M	223.0M	42.4M	15.1M	14.4M	38.2M	11.6M
Inventory	13.3B	11.6B	9.7B	8.2B	6.4B	5.8B	3.3B	2.4B	1.9B	1.9B	1.9B	1.9B	1.4B	1.2B	1.0B	808.0M	692.0M	497.0M	410.0M	368.0M
Total Current Assets	44.0B	34.6B	29.2B	25.3B	15.8B	13.3B	9.5B	6.8B	4.8B	4.3B	3.8B	4.1B	4.9B	4.0B	2.8B	2.0B	1.6B	1.4B	1.2B	925.0M
Long Term Equity Investment	95.6M	94.2M	80.4M	76.4M	39.4M	--	4.3M	3.4M	2.7M	4.0M	--	--	3.8M	3.8M	4.8M	4.8M	4.8M	4.8M	6.0M	4.2M
Fixed Assets	--	1.9B	2.1B	2.2B	1.8B	1.6B	1.7B	1.7B	1.7B	1.5B	770.0M	787.0M	655.0M	610.0M	436.0M	465.0M	421.0M	330.0M	321.0M	343.0M
Fixed Assets Total	2.9B	1.9B	2.1B	2.2B	1.8B	1.6B	1.7B	1.7B	1.7B	1.5B	770.0M	787.0M	655.0M	610.0M	436.0M	465.0M	421.0M	330.0M	321.0M	343.0M
Construction In Progress	--	829.0M	355.0M	247.0M	527.0M	511.0M	306.0M	419.0M	456.0M	491.0M	758.0M	507.0M	264.0M	204.0M	118.0M	8.5M	53.5M	98.5M	74.9M	47.0M
Construction In Progress Total	2.0B	829.0M	355.0M	247.0M	527.0M	511.0M	306.0M	419.0M	456.0M	491.0M	758.0M	507.0M	264.0M	204.0M	118.0M	8.5M	53.5M	98.5M	77.3M	49.1M
Intangible Assets	1.2B	1.2B	1.1B	363.0M	339.0M	313.0M	243.0M	230.0M	231.0M	229.0M	235.0M	216.0M	148.0M	27.2M	28.4M	29.7M	29.9M	12.7M	13.3M	13.9M
Long Term Deferred Expenses	49.1M	--	--	--	7.3M	8.6M	9.9M	6.9M	7.1M	7.3M	7.4M	6.5M	6.7M	--	--	--	--	--	--	--
Total Non Current Assets	9.5B	9.5B	7.5B	4.7B	4.0B	3.4B	2.9B	2.7B	2.6B	2.4B	2.0B	1.7B	1.2B	898.0M	621.0M	532.0M	536.0M	460.0M	425.0M	410.0M
Total Assets	53.5B	44.1B	36.7B	30.0B	19.8B	16.7B	12.4B	9.5B	7.4B	6.7B	5.8B	5.8B	6.1B	4.9B	3.5B	2.5B	2.1B	1.9B	1.7B	1.3B
Short Term Borrowings	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	1.0M
Accounts Payable	3.8B	2.3B	2.3B	1.8B	1.5B	1.9B	845.0M	954.0M	742.0M	581.0M	320.0M	323.0M	195.0M	130.0M	94.4M	64.1M	43.6M	62.4M	36.9M	27.4M
Advance Receipts	--	--	76,600	105,300	--	--	1.7B	983.0M	538.0M	389.0M	389.0M	378.0M	1.2B	1.2B	803.0M	236.0M	96.6M	5.0M	36.0M	35.1M
Contract Liabilities	8.7B	7.0B	6.9B	7.4B	3.1B	2.5B	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Total Current Liabilities	18.0B	15.1B	14.8B	14.3B	9.6B	8.8B	5.6B	3.9B	2.6B	2.2B	1.9B	1.9B	2.5B	2.3B	1.4B	716.0M	528.0M	484.0M	451.0M	338.0M
Long Term Borrowings	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Total Non Current Liabilities	328.0M	674.0M	98.5M	103.0M	84.3M	54.5M	37.9M	17.1M	10.6M	1.9M	--	--	--	--	--	--	--	--	--	--
Total Liabilities	18.3B	15.8B	14.9B	14.4B	9.7B	8.8B	5.6B	3.9B	2.6B	2.2B	1.9B	1.9B	2.5B	2.3B	1.4B	716.0M	528.0M	484.0M	451.0M	338.0M
Paid In Capital	1.2B	1.2B	1.2B	1.2B	872.0M	872.0M	866.0M	866.0M	866.0M	866.0M	866.0M	866.0M	866.0M	433.0M	433.0M	433.0M	433.0M	433.0M	433.0M	433.0M
Capital Reserve	704.0M	704.0M	592.0M	452.0M	204.0M	337.0M	339.0M	389.0M	241.0M	241.0M	241.0M	241.0M	241.0M	298.0M	298.0M	298.0M	298.0M	298.0M	298.0M	300.0M
Surplus Reserve	558.0M	558.0M	558.0M	558.0M	420.0M	472.0M	472.0M	472.0M	472.0M	472.0M	472.0M	472.0M	353.0M	257.0M	257.0M	199.0M	160.0M	135.0M	102.0M	104.0M
Retained Earnings	32.1B	25.2B	18.8B	12.9B	8.3B	6.0B	4.7B	3.6B	3.1B	2.8B	2.3B	2.2B	2.1B	1.5B	938.0M	719.0M	576.0M	426.0M	293.0M	109.0M
Minority Equity	451.0M	438.0M	425.0M	364.0M	288.0M	251.0M	299.0M	219.0M	77.0M	70.5M	43.8M	47.3M	72.3M	90.6M	133.0M	144.0M	121.0M	111.0M	87.5M	50.5M
Equity Attributable	34.8B	27.8B	21.3B	15.2B	9.8B	7.6B	6.5B	5.4B	4.8B	4.4B	3.9B	3.8B	3.6B	2.5B	1.9B	1.6B	1.5B	1.3B	1.1B	946.0M
Total Equity	35.2B	28.3B	21.7B	15.6B	10.1B	7.9B	6.8B	5.6B	4.8B	4.5B	3.9B	3.9B	3.6B	2.6B	2.1B	1.8B	1.6B	1.4B	1.2B	997.0M

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021	FY 2020Dec 31, 2020	FY 2019Dec 31, 2019	FY 2018Dec 31, 2018	FY 2017Dec 31, 2017	FY 2016Dec 31, 2016	FY 2015Dec 31, 2015	FY 2014Dec 31, 2014	FY 2013Dec 31, 2013	FY 2012Dec 31, 2012	FY 2011Dec 31, 2011	FY 2010Dec 31, 2010	FY 2009Dec 31, 2009	FY 2008Dec 31, 2008	FY 2007Dec 31, 2007	FY 2006Dec 31, 2006	FY 2005Dec 31, 2005
Cash From Sales	36.6B	30.1B	28.7B	25.0B	13.6B	13.5B	8.9B	6.3B	4.5B	4.0B	4.2B	5.7B	7.0B	5.5B	3.9B	2.4B	2.1B	1.6B	1.7B	1.1B
Tax Refunds Received	40.1M	20.4M	53.1M	31.0M	24.2M	4.3M	668,400	--	--	--	--	--	4,500	--	--	--	--	--	--	--
Total Operating Cash Inflow	36.9B	30.6B	29.4B	25.4B	13.8B	13.6B	9.1B	6.6B	4.6B	4.1B	4.3B	5.8B	7.1B	5.6B	3.9B	2.5B	2.2B	1.6B	1.7B	1.1B
Cash Paid For Goods	4.7B	5.7B	4.8B	5.2B	4.1B	3.4B	3.2B	1.7B	1.1B	1.0B	1.1B	1.9B	1.7B	1.2B	819.0M	485.0M	379.0M	345.0M	320.0M	246.0M
Cash Paid To Employees	3.7B	3.5B	3.1B	2.8B	2.2B	1.7B	1.3B	996.0M	766.0M	798.0M	710.0M	716.0M	633.0M	433.0M	388.0M	188.0M	159.0M	156.0M	131.0M	87.0M
Taxes Paid	14.4B	12.6B	10.0B	8.7B	4.7B	4.8B	3.0B	2.5B	1.7B	1.4B	1.6B	2.3B	2.7B	1.5B	1.1B	937.0M	712.0M	757.0M	607.0M	485.0M
Total Operating Cash Outflow	24.7B	23.4B	19.0B	17.7B	11.7B	10.6B	8.1B	5.6B	4.0B	3.7B	3.9B	6.1B	6.0B	4.0B	3.1B	2.0B	1.6B	1.5B	1.3B	970.0M
Operating Cash Flow	12.2B	7.2B	10.3B	7.6B	2.0B	3.0B	956.0M	975.0M	586.0M	428.0M	416.0M	-306.0M	1.0B	1.6B	815.0M	448.0M	590.0M	75.5M	391.0M	154.0M
Total Investing Cash Inflow	40.6B	27.8B	41.4B	11.4B	5.2B	1.5B	77.5M	132.0M	10.6M	410,200	3.1M	471,200	4,313	1.8M	-258,400	169,100	101,500	1.4M	203,900	491,600
Total Investing Cash Outflow	44.6B	38.0B	44.3B	16.2B	6.0B	1.5B	474.0M	492.0M	150.0M	181.0M	301.0M	482.0M	270.0M	257.0M	185.0M	37.3M	91.8M	62.8M	39.6M	53.9M
Investing Cash Flow	-3.9B	-10.2B	-2.9B	-4.8B	-740.0M	28.1M	-396.0M	-360.0M	-139.0M	-181.0M	-298.0M	-482.0M	-270.0M	-256.0M	-185.0M	-37.2M	-91.7M	-61.4M	-39.4M	-53.4M
Cash From Borrowings	--	--	--	--	--	--	--	--	--	203.0M	--	--	--	--	--	--	--	--	--	1.0M
Dividends And Interest Paid	5.3B	4.0B	2.2B	174.0M	790.0M	641.0M	561.0M	507.0M	305.0M	1.3M	313.0M	730.0M	270.0M	402.0M	254.0M	246.0M	128.0M	228.0M	103.0M	73.8M
Debt Repayments	--	--	--	--	--	--	--	--	--	203.0M	--	--	--	--	--	--	--	--	1.0M	1.0M
Total Financing Cash Inflow	--	--	--	--	--	120.0M	--	--	--	210.0M	1.8M	--	5.9M	--	2.0M	--	--	--	--	1.4M
Total Financing Cash Outflow	5.7B	4.4B	2.2B	183.0M	1.4B	1.0B	773.0M	507.0M	305.0M	204.0M	313.0M	730.0M	341.0M	402.0M	258.0M	246.0M	128.0M	228.0M	106.0M	74.8M
Financing Cash Flow	-5.7B	-4.4B	-2.2B	-183.0M	-1.4B	-909.0M	-773.0M	-507.0M	-305.0M	5.5M	-311.0M	-730.0M	-335.0M	-402.0M	-256.0M	-246.0M	-128.0M	-228.0M	-106.0M	-73.3M
Net Change In Cash	2.5B	-7.4B	5.2B	2.6B	-101.0M	2.1B	-214.0M	109.0M	142.0M	253.0M	-193.0M	-1.5B	434.0M	939.0M	374.0M	165.0M	370.0M	-213.0M	245.0M	27.0M
Ending Cash Balance	6.3B	3.8B	11.2B	6.0B	3.4B	3.5B	1.2B	1.3B	1.1B	996.0M	743.0M	936.0M	2.5B	2.0B	1.1B	708.0M	542.0M	172.0M	385.0M	--
Capex	638.0M	485.0M	826.0M	156.0M	196.0M	161.0M	94.8M	67.1M	107.0M	177.0M	301.0M	482.0M	269.0M	257.0M	185.0M	37.3M	91.8M	62.8M	38.4M	51.9M