Income Statement

Revenue

+0%

+18%

10Y

Currency: CNY

	Dec-2003	Mar-2004	Jun-2004	Sep-2004	Dec-2004	Mar-2005	Jun-2005	Sep-2005	Dec-2005	Mar-2006	Jun-2006	Sep-2006	Dec-2006	Mar-2007	Jun-2007	Sep-2007	Dec-2007	Mar-2008	Jun-2008	Sep-2008	Dec-2008	Mar-2009	Jun-2009	Sep-2009	Dec-2009	Mar-2010	Jun-2010	Sep-2010	Dec-2010	Mar-2011	Jun-2011	Sep-2011	Dec-2011	Mar-2012	Jun-2012	Sep-2012	Dec-2012	Mar-2013	Jun-2013	Sep-2013	Dec-2013	Mar-2014	Jun-2014	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	Dec-2024	Mar-2025	Jun-2025	Sep-2025
Revenue
Interest Expense	113	0	0	0	70	0	0	0	69	0	0	0	39	0	0	0	39	0	0	0	98	0	0	0	96	0	0	0	83	0	0	0	97	0	0	0	104	0	0	0	83	0	0	0	31	0	0	0	9	0	0	0	13	0	0	3	11	8	11	13	14	15	14	14	16	14	16	14	19	14	16	20	29	20	16	12	17	9	9	10	16	20	23	26	22	18	0	0
Revenue	7 508 N/A	7 683 +2%	8 010 +4%	8 356 +4%	8 621 +3%	8 851 +3%	9 260 +5%	9 800 +6%	10 020 +2%	10 457 +4%	10 887 +4%	11 303 +4%	11 833 +5%	12 223 +3%	12 822 +5%	13 399 +5%	13 709 +2%	14 436 +5%	14 780 +2%	15 670 +6%	16 023 +2%	16 254 +1%	17 224 +6%	17 684 +3%	18 026 +2%	18 354 +2%	18 849 +3%	19 640 +4%	19 898 +1%	21 002 +6%	22 020 +5%	22 723 +3%	23 158 +2%	23 513 +2%	24 514 +4%	25 780 +5%	25 782 +0%	26 494 +3%	27 347 +3%	28 179 +3%	28 291 +0%	29 387 +4%	30 278 +3%	29 835 -1%	29 049 -3%	28 820 -1%	28 158 -2%	27 628 -2%	27 635 +0%	27 318 -1%	26 314 -4%	26 356 +0%	26 106 -1%	26 285 +1%	26 423 +1%	26 455 +0%	26 277 -1%	26 376 +0%	26 368 0%	26 533 +1%	26 575 +0%	27 387 +3%	27 972 +2%	27 831 -1%	27 984 +1%	26 325 -6%	27 112 +3%	27 509 +1%	27 760 +1%	30 394 +9%	30 372 0%	30 109 -1%	30 167 +0%	30 447 +1%	31 148 +2%	32 505 +4%	32 172 -1%	33 670 +5%	34 491 +2%	34 040 -1%	33 937 0%	33 380 -2%	32 413 -3%	31 918 -2%	32 138 +1%	32 433 +1%	32 561 +0%	32 545 0%
Gross Profit
Cost of Revenue	(5 120)	(5 237)	(5 437)	(5 718)	(5 945)	(6 116)	(6 432)	(6 812)	(6 979)	(7 263)	(7 526)	(7 778)	(8 206)	(8 455)	(8 883)	(9 196)	(9 324)	(9 776)	(10 009)	(10 665)	(10 933)	(11 141)	(11 604)	(11 699)	(11 832)	(11 890)	(12 147)	(12 723)	(12 898)	(13 598)	(14 434)	(15 013)	(15 441)	(15 927)	(16 690)	(17 556)	(17 635)	(17 997)	(18 453)	(19 070)	(18 774)	(19 980)	(20 690)	(20 520)	(19 644)	(19 983)	(19 670)	(19 332)	(18 811)	(18 886)	(18 021)	(17 539)	(17 045)	(17 719)	(17 756)	(18 003)	(17 329)	(18 127)	(18 379)	(18 836)	(18 293)	(19 351)	(19 620)	(19 370)	(18 822)	(18 190)	(18 497)	(18 579)	(18 212)	(20 054)	(19 925)	(19 753)	(20 838)	(22 209)	(23 160)	(24 434)	(22 111)	(23 651)	(24 006)	(23 385)	(22 593)	(22 627)	(21 719)	(21 299)	(20 928)	(21 611)	(21 410)	(21 274)
Gross Profit	2 388 N/A	2 446 +2%	2 574 +5%	2 638 +3%	2 676 +1%	2 736 +2%	2 828 +3%	2 988 +6%	3 041 +2%	3 194 +5%	3 361 +5%	3 526 +5%	3 626 +3%	3 769 +4%	3 939 +5%	4 203 +7%	4 386 +4%	4 659 +6%	4 771 +2%	5 005 +5%	5 090 +2%	5 113 +0%	5 620 +10%	5 985 +6%	6 194 +3%	6 463 +4%	6 702 +4%	6 916 +3%	7 000 +1%	7 404 +6%	7 586 +2%	7 711 +2%	7 717 +0%	7 586 -2%	7 824 +3%	8 224 +5%	8 147 -1%	8 496 +4%	8 894 +5%	9 109 +2%	9 517 +4%	9 407 -1%	9 588 +2%	9 315 -3%	9 406 +1%	8 837 -6%	8 488 -4%	8 296 -2%	8 824 +6%	8 433 -4%	8 293 -2%	8 817 +6%	9 061 +3%	8 565 -5%	8 667 +1%	8 452 -2%	8 948 +6%	8 249 -8%	7 989 -3%	7 697 -4%	8 282 +8%	8 036 -3%	8 352 +4%	8 461 +1%	9 162 +8%	8 136 -11%	8 616 +6%	8 930 +4%	9 548 +7%	10 340 +8%	10 447 +1%	10 356 -1%	9 329 -10%	8 238 -12%	7 988 -3%	8 071 +1%	10 061 +25%	10 019 0%	10 485 +5%	10 655 +2%	11 343 +6%	10 753 -5%	10 694 -1%	10 619 -1%	11 210 +6%	10 822 -3%	11 150 +3%	11 272 +1%
Operating Income
Operating Expenses	(1 869)	(1 944)	(1 968)	(2 058)	(2 097)	(2 135)	(2 250)	(2 393)	(2 394)	(2 494)	(2 711)	(2 852)	(2 765)	(3 246)	(3 241)	(3 354)	(3 321)	(3 695)	(3 821)	(4 018)	(3 880)	(4 021)	(4 324)	(4 338)	(4 494)	(4 723)	(4 846)	(4 969)	(5 007)	(5 334)	(5 404)	(5 538)	(5 612)	(5 480)	(5 774)	(6 231)	(6 215)	(6 471)	(6 862)	(7 046)	(7 656)	(7 562)	(7 565)	(7 261)	(7 511)	(6 859)	(6 761)	(6 907)	(7 757)	(7 278)	(7 227)	(7 626)	(7 848)	(7 277)	(7 192)	(6 723)	(7 231)	(6 409)	(6 130)	(5 748)	(6 369)	(6 079)	(6 127)	(6 081)	(6 989)	(6 449)	(6 288)	(6 359)	(6 735)	(7 036)	(7 095)	(6 871)	(5 733)	(4 842)	(4 226)	(4 150)	(5 674)	(5 355)	(5 499)	(5 585)	(6 464)	(5 874)	(5 720)	(5 804)	(6 199)	(5 650)	(5 783)	(5 763)
Selling, General & Administrative	(1 890)	(1 970)	(1 993)	(2 087)	(2 122)	(2 159)	(2 284)	(2 434)	(2 428)	(2 529)	(2 659)	(2 741)	(2 757)	(2 899)	(2 911)	(3 065)	(3 319)	(3 527)	(3 706)	(3 909)	(3 874)	(3 843)	(4 144)	(4 167)	(4 483)	(4 657)	(4 786)	(4 902)	(4 997)	(5 260)	(5 326)	(5 455)	(5 599)	(5 462)	(5 755)	(6 210)	(6 200)	(6 471)	(6 871)	(7 058)	(7 636)	(7 560)	(7 557)	(7 255)	(7 478)	(6 862)	(6 762)	(6 907)	(7 728)	(7 275)	(7 222)	(7 621)	(7 498)	(7 270)	(7 286)	(6 872)	(7 288)	(6 924)	(6 657)	(6 282)	(6 529)	(6 454)	(6 559)	(6 578)	(7 241)	(6 889)	(6 767)	(6 781)	(6 881)	(7 407)	(7 351)	(7 277)	(6 073)	(5 137)	(4 574)	(4 461)	(5 960)	(5 802)	(5 873)	(5 868)	(6 544)	(6 086)	(6 035)	(6 094)	(6 292)	(6 006)	(6 044)	(6 011)
Research & Development	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(6)	(12)	(16)	(22)	(19)	(20)	(17)	(21)	(21)	(19)	(19)	(21)	(20)	(20)	(19)	(22)	(23)	(23)	(29)	(33)	(40)	(48)	(57)	(68)	(68)	(68)	(96)	(108)	(108)	(122)	(99)	(103)	(117)	(124)
Depreciation & Amortization	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(326)	0	0	0	(330)	0	0	0	(319)	0	0	0	(310)	0	0	0	(330)	0	0	0	(304)	0	0	0	(306)	0	0	0	(316)	0	0	0	(331)	0	0	0
Other Operating Expenses	20	26	26	30	25	25	35	42	34	34	(52)	(110)	(7)	(348)	(330)	(289)	(3)	(168)	(115)	(109)	(5)	(178)	(180)	(171)	(11)	(66)	(61)	(67)	(10)	(74)	(78)	(83)	(14)	(18)	(19)	(21)	(15)	(1)	9	12	(20)	(2)	(7)	(5)	(34)	3	2	0	(29)	(3)	(5)	(6)	(25)	(6)	101	160	402	536	546	554	497	396	453	517	581	461	499	442	495	393	279	429	673	328	388	358	649	514	443	351	492	319	423	412	523	459	378	373
Operating Income	519 N/A	502 -3%	606 +21%	581 -4%	578 0%	601 +4%	578 -4%	595 +3%	647 +9%	700 +8%	650 -7%	674 +4%	862 +28%	523 -39%	698 +34%	849 +22%	1 064 +25%	965 -9%	950 -2%	987 +4%	1 211 +23%	1 092 -10%	1 297 +19%	1 647 +27%	1 700 +3%	1 740 +2%	1 855 +7%	1 947 +5%	1 993 +2%	2 070 +4%	2 182 +5%	2 173 0%	2 105 -3%	2 106 +0%	2 050 -3%	1 993 -3%	1 931 -3%	2 025 +5%	2 032 +0%	2 063 +2%	1 861 -10%	1 845 -1%	2 024 +10%	2 054 +2%	1 894 -8%	1 977 +4%	1 727 -13%	1 389 -20%	1 067 -23%	1 155 +8%	1 066 -8%	1 191 +12%	1 213 +2%	1 289 +6%	1 475 +14%	1 729 +17%	1 717 -1%	1 840 +7%	1 859 +1%	1 949 +5%	1 914 -2%	1 957 +2%	2 226 +14%	2 380 +7%	2 173 -9%	1 687 -22%	2 327 +38%	2 571 +10%	2 813 +9%	3 305 +17%	3 351 +1%	3 484 +4%	3 596 +3%	3 396 -6%	3 763 +11%	3 921 +4%	4 387 +12%	4 663 +6%	4 986 +7%	5 070 +2%	4 879 -4%	4 879 +0%	4 974 +2%	4 815 -3%	5 011 +4%	5 173 +3%	5 367 +4%	5 509 +3%
Pre-Tax Income
Interest Income Expense	(95)	(70)	(57)	(41)	(85)	(94)	(94)	(84)	(53)	(54)	7	2	3	36	(13)	(14)	(11)	(11)	(24)	(44)	(43)	(68)	(69)	(66)	(43)	(48)	(41)	(26)	15	21	28	54	54	81	131	161	208	195	432	477	281	512	361	386	392	327	323	302	346	774	747	826	433	439	449	385	453	456	514	556	598	584	574	574	587	575	565	552	573	561	591	644	566	712	765	777	650	786	791	767	759	884	905	891	864	781	698	644
Non-Reccuring Items	0	0	0	0	0	0	0	0	0	0	0	0	(348)	0	0	0	(167)	0	0	0	(179)	0	0	0	(68)	0	0	0	(72)	0	0	0	(17)	0	0	0	(1)	0	0	0	209	0	0	0	(2)	0	0	0	442	0	0	0	(6)	0	(15)	(17)	(55)	(51)	(39)	6	(134)	(8)	(4)	(50)	(62)	80	73	76	(136)	16	13	(101)	292	472	492	574	(36)	(9)	(19)	23	99	169	167	170	(31)	36	117	102
Gain/Loss on Disposition of Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	11	0	0	0	(11)	0	0	0	(40)	0	0	0	(35)	0	0	0	(116)	0	0	0	(26)	0	0	0	(102)	(12)	0	0	(60)	0	0	0	(102)	(1)	(154)	(180)	(224)	(133)	23	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	0
Total Other Income	3	2	(62)	(61)	(21)	(18)	34	46	(66)	(98)	(60)	(20)	99	105	116	103	107	127	129	114	130	112	120	138	190	185	201	177	222	181	193	233	429	326	302	303	372	338	364	374	417	411	400	374	458	324	400	438	521	399	486	671	707	623	400	191	(10)	(50)	(59)	(73)	2	(1)	11	21	29	7	(2)	(4)	(11)	12	16	24	24	22	14	10	5	9	7	3	10	8	5	7	38	42	54	69
Pre-Tax Income	426 N/A	434 +2%	487 +12%	479 -2%	473 -1%	489 +3%	519 +6%	558 +8%	528 -5%	548 +4%	597 +9%	656 +10%	616 -6%	664 +8%	802 +21%	938 +17%	1 004 +7%	1 082 +8%	1 055 -3%	1 057 +0%	1 108 +5%	1 135 +2%	1 348 +19%	1 719 +28%	1 739 +1%	1 878 +8%	2 016 +7%	2 099 +4%	2 123 +1%	2 272 +7%	2 403 +6%	2 460 +2%	2 455 0%	2 513 +2%	2 483 -1%	2 457 -1%	2 484 +1%	2 558 +3%	2 828 +11%	2 914 +3%	2 667 -8%	2 756 +3%	2 784 +1%	2 814 +1%	2 683 -5%	2 628 -2%	2 451 -7%	2 129 -13%	2 275 +7%	2 326 +2%	2 145 -8%	2 508 +17%	2 123 -15%	2 218 +4%	2 332 +5%	2 289 -2%	2 105 -8%	2 196 +4%	2 275 +4%	2 438 +7%	2 380 -2%	2 532 +6%	2 806 +11%	2 925 +4%	2 727 -7%	2 348 -14%	2 963 +26%	3 195 +8%	3 240 +1%	3 894 +20%	3 972 +2%	4 051 +2%	4 479 +11%	4 602 +3%	5 033 +9%	5 282 +5%	5 006 -5%	5 449 +9%	5 765 +6%	5 863 +2%	5 746 -2%	5 940 +3%	6 052 +2%	5 882 -3%	5 881 0%	6 032 +3%	6 235 +3%	6 324 +1%
Net Income
Tax Provision	(136)	(136)	(157)	(165)	(171)	(178)	(179)	(190)	(189)	(206)	(218)	(231)	(179)	(247)	(288)	(304)	(406)	(403)	(374)	(271)	(374)	(207)	(230)	(427)	(440)	(480)	(512)	(511)	(539)	(568)	(642)	(725)	(657)	(681)	(682)	(639)	(639)	(661)	(596)	(621)	(692)	(710)	(809)	(821)	(663)	(668)	(649)	(598)	(663)	(705)	(678)	(712)	(1 018)	(1 038)	(1 076)	(1 110)	(723)	(715)	(721)	(801)	(819)	(832)	(916)	(888)	(798)	(708)	(820)	(882)	(913)	(1 066)	(1 098)	(1 118)	(1 223)	(1 248)	(1 356)	(1 377)	(1 201)	(1 323)	(1 387)	(1 426)	(1 398)	(1 442)	(1 464)	(1 403)	(1 390)	(1 425)	(1 490)	(1 560)
Income from Continuing Operations	291	298	330	314	302	311	340	369	339	342	379	425	437	416	514	634	598	678	680	787	734	928	1 118	1 293	1 299	1 398	1 503	1 588	1 584	1 705	1 761	1 735	1 798	1 832	1 801	1 818	1 845	1 896	2 232	2 292	1 975	2 046	1 975	1 993	2 020	1 961	1 801	1 531	1 612	1 621	1 467	1 797	1 106	1 180	1 256	1 179	1 382	1 480	1 554	1 637	1 561	1 701	1 890	2 037	1 929	1 640	2 143	2 313	2 327	2 828	2 874	2 933	3 256	3 354	3 678	3 905	3 805	4 126	4 378	4 438	4 348	4 498	4 588	4 479	4 492	4 607	4 745	4 764
Income to Minority Interest	(37)	(40)	(44)	(34)	(22)	(26)	(45)	(45)	(36)	(32)	(21)	(19)	0	(13)	(6)	(13)	(40)	(32)	(29)	(22)	(34)	(35)	(36)	(38)	(49)	(63)	(76)	(95)	(64)	(72)	(64)	(44)	(60)	(37)	(46)	(62)	(86)	(100)	(86)	(51)	(2)	25	8	(5)	(29)	(36)	(17)	25	101	105	116	11	(62)	(91)	(133)	(106)	(119)	(130)	(137)	(143)	(139)	(138)	(140)	(129)	(77)	(58)	(66)	(69)	(126)	(141)	(112)	(99)	(101)	(94)	(86)	(93)	(94)	(90)	(94)	(86)	(80)	(85)	(104)	(129)	(147)	(148)	(137)	(134)
Net Income (Common)	254 N/A	258 +2%	286 +11%	280 -2%	280 0%	285 +2%	295 +3%	323 +10%	304 -6%	310 +2%	358 +15%	406 +14%	437 +8%	403 -8%	508 +26%	621 +22%	558 -10%	647 +16%	651 +1%	765 +17%	700 -8%	893 +28%	1 082 +21%	1 255 +16%	1 250 0%	1 335 +7%	1 427 +7%	1 492 +5%	1 520 +2%	1 633 +7%	1 696 +4%	1 690 0%	1 738 +3%	1 795 +3%	1 755 -2%	1 756 +0%	1 759 +0%	1 796 +2%	2 146 +19%	2 241 +4%	1 973 -12%	2 071 +5%	1 983 -4%	1 988 +0%	1 990 +0%	1 925 -3%	1 784 -7%	1 556 -13%	1 713 +10%	1 726 +1%	1 584 -8%	1 808 +14%	1 043 -42%	1 089 +4%	1 123 +3%	1 073 -4%	1 263 +18%	1 351 +7%	1 417 +5%	1 493 +5%	1 422 -5%	1 563 +10%	1 751 +12%	1 908 +9%	1 852 -3%	1 582 -15%	2 077 +31%	2 244 +8%	2 201 -2%	2 686 +22%	2 762 +3%	2 834 +3%	3 155 +11%	3 260 +3%	3 592 +10%	3 812 +6%	3 711 -3%	4 036 +9%	4 284 +6%	4 351 +2%	4 268 -2%	4 414 +3%	4 484 +2%	4 350 -3%	4 345 0%	4 458 +3%	4 608 +3%	4 629 +0%
EPS (Diluted)	0.24 N/A	0.25 +4%	0.27 +8%	0.26 -4%	0.26 N/A	0.27 +4%	0.22 -19%	0.26 +18%	0.23 -12%	0.24 +4%	0.28 +17%	0.31 +11%	0.33 +6%	0.3 -9%	0.38 +27%	0.47 +24%	0.43 -9%	0.5 +16%	0.5 N/A	0.59 +18%	0.53 -10%	0.68 +28%	0.83 +22%	0.96 +16%	0.95 -1%	0.98 +3%	1.07 +9%	1.1 +3%	1.13 +3%	1.2 +6%	1.25 +4%	1.25 N/A	1.29 +3%	1.32 +2%	1.29 -2%	1.29 N/A	1.3 +1%	1.33 +2%	1.59 +20%	1.66 +4%	1.46 -12%	1.53 +5%	1.47 -4%	1.47 N/A	1.47 N/A	1.43 -3%	1.32 -8%	1.16 -12%	1.27 +9%	1.29 +2%	1.19 -8%	1.35 +13%	0.77 -43%	0.81 +5%	0.83 +2%	0.79 -5%	0.93 +18%	0.99 +6%	1.04 +5%	1.1 +6%	1.05 -5%	1.16 +10%	1.3 +12%	1.42 +9%	1.37 -4%	1.18 -14%	1.54 +31%	1.66 +8%	1.63 -2%	1.97 +21%	2.03 +3%	2.07 +2%	2.32 +12%	2.4 +3%	2.64 +10%	2.82 +7%	2.73 -3%	2.99 +10%	3.11 +4%	3.19 +3%	3.13 -2%	3.23 +3%	3.29 +2%	3.19 -3%	3.19 N/A	3.27 +3%	3.38 +3%	3.39 +0%

Income Statement Balance Sheet Cash Flow Statement

Tsingtao Brewery Co Ltd
SSE:600600

Income Statement

Earnings Waterfall
Tsingtao Brewery Co Ltd

Income Statement
Tsingtao Brewery Co Ltd

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Tsingtao Brewery Co Ltd SSE:600600

Income Statement

Earnings Waterfall Tsingtao Brewery Co Ltd

Income Statement Tsingtao Brewery Co Ltd

See Also

Company

Help

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Stocks

Tsingtao Brewery Co Ltd
SSE:600600

Earnings Waterfall
Tsingtao Brewery Co Ltd

Income Statement
Tsingtao Brewery Co Ltd