Balance Sheet Anhui Gujing Distillery Co., Ltd.

Equities

000596

CNE000000MD5

Distillers & Wineries

End-of-day quote Shenzhen S.E. Other stock markets 11/09/2024			5-day change	1st Jan Change
152.60 ^CNY	-3.63%		-8.40%	-34.45%

09-02	Gujing Distillery's H1 Profit Jumps 29%, Operating Income Up 22%	MT
08-30	Anhui Gujing Distillery Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2024	CI

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Published financial data: ANHUI GUJING DISTILLERY CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	10.36B	10.24B	13.18B	16.62B	20.15B
Other Revenues, Total	57.44M	55.18M	89.12M	88.74M	100M
Total Revenues	10.42B	10.29B	13.27B	16.71B	20.25B
Cost of Goods Sold, Total	2.47B	2.61B	3.38B	3.88B	4.32B
Gross Profit	7.95B	7.68B	9.89B	12.83B	15.93B
Selling General & Admin Expenses, Total	3.83B	3.88B	4.97B	5.78B	6.75B
Provision for Bad Debts	176K	597K	7.7M	-1.09M	-245K
R&D Expenses	42.37M	40.59M	51.45M	56.67M	70.95M
Other Operating Expenses	1.59B	1.63B	2.03B	2.82B	3.04B
Other Operating Expenses, Total	5.46B	5.54B	7.06B	8.66B	9.87B
Operating Income	2.48B	2.14B	2.83B	4.17B	6.06B
Interest Expense, Total	-33.65M	-877K	-7.04M	-5.68M	-3.29M
Interest And Investment Income	260M	269M	215M	221M	169M
Net Interest Expenses	227M	268M	208M	216M	166M
Currency Exchange Gains (Loss)	-1.59M	-51.76K	168K	418K	-2.68M
Other Non Operating Income (Expenses)	-1.66M	-468K	1.5M	-581K	-433K
EBT, Excl. Unusual Items	2.71B	2.41B	3.04B	4.39B	6.23B
Gain (Loss) On Sale Of Investments	17.59M	-19.98M	7.23M	18.34M	13.65M
Gain (Loss) On Sale Of Assets	253K	1.22M	1.37M	886K	438K
Asset Writedown	-6.83M	-5.83M	-7.96M	-6.39M	-2.69M
Other Unusual Items	154M	91.76M	132M	70.04M	93.82M
EBT, Incl. Unusual Items	2.87B	2.47B	3.17B	4.47B	6.33B
Income Tax Expense	715M	626M	797M	1.22B	1.61B
Earnings From Continuing Operations	2.16B	1.85B	2.37B	3.25B	4.73B
Net Income to Company	2.16B	1.85B	2.37B	3.25B	4.73B
Minority Interest	-60.28M	6.69M	-76.44M	-109M	-137M
Net Income - (IS)	2.1B	1.85B	2.3B	3.14B	4.59B
Net Income to Common Incl Extra Items	2.1B	1.85B	2.3B	3.14B	4.59B
Net Income to Common Excl. Extra Items	2.1B	1.85B	2.3B	3.14B	4.59B
Per Share Items
Net EPS - Basic	4.17	3.68	4.45	5.95	8.68
Basic EPS - Continuing Operations	4.17	3.68	4.45	5.95	8.68
Basic Weighted Average Shares Outstanding	503M	504M	516M	528M	529M
Net EPS - Diluted	4.17	3.68	4.45	5.95	8.68
Diluted EPS - Continuing Operations	4.17	3.68	4.45	5.95	8.68
Diluted Weighted Average Shares Outstanding	503M	504M	516M	528M	529M
Normalized Basic EPS	3.24	3	3.53	4.99	7.1
Normalized Diluted EPS	3.24	3	3.53	4.99	7.1
Dividend Per Share	1.5	1.5	2.2	3	4.5
Payout Ratio	36.01	40.77	33.08	37.2	34.59
Supplemental Items
EBITDA	2.7B	2.37B	3.07B	4.42B	6.39B
EBITA	2.5B	2.15B	2.85B	4.2B	6.09B
EBIT	2.48B	2.14B	2.83B	4.17B	6.06B
EBITDAR	2.72B	2.38B	3.09B	4.44B	6.41B
Total Revenues (As Reported)	10.42B	10.29B	13.27B	16.71B	20.25B
Effective Tax Rate - (Ratio)	24.89	25.3	25.13	27.26	25.36
Total Current Taxes	703M	636M	904M	1.27B	1.6B
Total Deferred Taxes	12.19M	-10.53M	-107M	-54.8M	8.92M
Normalized Net Income	1.63B	1.51B	1.82B	2.63B	3.75B
Interest Capitalized	-	-	2.53M	2.12M	3.27M
Interest on Long-Term Debt	-	-	-	-	5.02M
Non-Cash Pension Expense	-	-	1.11M	716K	1.31M
Supplemental Operating Expense Items
Advertising Expense	1.85B	1.6B	2.17B	2.81B	3.19B
Marketing Expenses	-	-	-	-	-
Selling and Marketing Expenses	3.18B	3.12B	4.01B	4.67B	5.44B
General and Administrative Expenses	641M	756M	963M	1.11B	1.31B
Research And Development Expense From Footnotes	269M	300M	301M	289M	70.95M
Net Rental Expense, Total	14.38M	14.24M	19.8M	23.08M	24.45M
Imputed Operating Lease Interest Expense	17.5B	-	8.09M	6.66M	5.76M
Imputed Operating Lease Depreciation	-17.49B	-	11.71M	16.42M	18.69M
Maintenance & Repair Expenses, Total	44.27M	46.27M	59.21M	55.45M	52.19M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	2.94B	5.64B	11.82B	13.77B	15.97B
Short Term Investments	-	2.61M	38.86M	38.43M	28.64M
Trading Asset Securities, Total	509M	204M	2.66B	1.78B	720M
Total Cash And Short Term Investments	3.45B	5.84B	14.52B	15.59B	16.71B
Accounts Receivable, Total	1.04B	1.74B	634M	282M	1.03B
Other Receivables	25.75M	49.61M	77.42M	27.47M	39.09M
Notes Receivable	-	796K	76.2M	60M	-
Total Receivables	1.07B	1.79B	788M	369M	1.07B
Inventory	3.02B	3.42B	4.66B	6.06B	7.52B
Restricted Cash	2.68B	334M	105M	-	-
Other Current Assets, Total	312M	133M	214M	307M	208M
Total Current Assets	10.53B	11.52B	20.29B	22.33B	25.51B
Gross Property Plant And Equipment	3.45B	3.79B	5.02B	7.39B	10B
Accumulated Depreciation	-1.54B	-1.71B	-1.92B	-2.16B	-2.41B
Net Property Plant And Equipment	1.91B	2.08B	3.09B	5.23B	7.59B
Long-term Investments	4.68M	4.92M	59.86M	66.6M	73.47M
Goodwill	478M	478M	561M	561M	561M
Other Intangibles, Total	786M	935M	1.06B	1.11B	1.12B
Deferred Tax Assets Long-Term	90.49M	96.97M	284M	425M	456M
Deferred Charges Long-Term	70.24M	64.59M	55.91M	51.01M	59.1M
Other Long-Term Assets, Total	8.86M	10.34M	11.3M	20.27M	52.31M
Total Assets	13.87B	15.19B	25.42B	29.79B	35.42B
Liabilities
Accounts Payable, Total	1.27B	646M	1.15B	2.75B	4.17B
Accrued Expenses, Total	1.04B	1.09B	2.12B	2.7B	3.21B
Short-term Borrowings	297K	70.67M	30.04M	83.23M	-
Current Portion of Long-Term Debt	-	-	-	-	70.05M
Current Portion of Leases	-	-	13.19M	42.24M	10.77M
Current Income Taxes Payable	94.04M	78.33M	256M	336M	280M
Unearned Revenue Current, Total	530M	1.21B	1.83B	827M	1.4B
Other Current Liabilities	1.32B	1.4B	2.28B	3.27B	3.27B
Total Current Liabilities	4.25B	4.49B	7.68B	10.01B	12.41B
Long-Term Debt	-	60.12M	172M	44.94M	107M
Long-Term Leases	-	-	28.11M	18.63M	68.38M
Unearned Revenue Non Current	72.78M	75.11M	91.1M	104M	101M
Deferred Tax Liability Non Current	119M	115M	194M	281M	322M
Total Liabilities	4.44B	4.74B	8.17B	10.46B	13.01B
Common Stock, Total	504M	504M	529M	529M	529M
Additional Paid In Capital	1.26B	1.26B	6.19B	6.19B	6.19B
Retained Earnings	7.15B	8.24B	9.79B	11.77B	14.77B
Comprehensive Income and Other	32.85M	32.85M	30.12M	33.26M	34.45M
Total Common Equity	8.94B	10.04B	16.54B	18.52B	21.53B
Minority Interest	488M	406M	715M	812M	889M
Total Equity	9.43B	10.45B	17.25B	19.33B	22.41B
Total Liabilities And Equity	13.87B	15.19B	25.42B	29.79B	35.42B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	504M	504M	529M	529M	529M
ECS Total Common Shares Outstanding	504M	504M	529M	529M	529M
Book Value / Share	17.76	19.94	31.29	35.04	40.72
Tangible Book Value	7.68B	8.63B	14.91B	16.85B	19.84B
Tangible Book Value Per Share	15.25	17.14	28.21	31.88	37.53
Total Debt	297K	131M	244M	189M	256M
Net Debt	-3.45B	-5.71B	-14.28B	-15.4B	-16.46B
Debt Equivalent Oper. Leases	115M	114M	158M	185M	196M
Minority Interest, Total (Incl. Fin. Div)	488M	406M	715M	812M	889M
Equity Method Investments, Total	4.68M	4.92M	5.31M	10.15M	10.37M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	178M	192M	236M	385M	352M
Inventories - Work In Process, Total	2.29B	2.86B	3.68B	4.26B	5.81B
Inventories - Finished Goods, Total	563M	388M	776M	1.43B	1.4B
Buildings, Total	2.03B	2.11B	2.22B	2.72B	3.79B
Machinery, Total	1.23B	1.4B	1.67B	2.15B	3.19B
Full Time Employees	9.68K	9.94K	10.74K	11.31K	12.97K
Accumulated Allowance for Doubtful Accounts (Supple)	769K	1.32M	10.19M	9.12M	8.88M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	2.1B	1.85B	2.3B	3.14B	4.59B
Depreciation & Amortization - CF	206M	214M	239M	241M	316M
Amortization of Goodwill and Intangible Assets - (CF)	14.49M	14.33M	19.91M	23.5M	22.47M
Depreciation & Amortization, Total	221M	228M	259M	264M	339M
Amortization of Deferred Charges, Total - (CF)	42.32M	43.88M	56.03M	50.01M	50.56M
(Gain) Loss From Sale Of Asset	-253K	-1.22M	-1.37M	-886K	-438K
(Gain) Loss on Sale of Investments - (CF)	-144M	20.91M	-7.23M	-29.15M	-13.65M
Asset Writedown & Restructuring Costs	6.83M	-542M	7.96M	6.39M	2.69M
Provision and Write-off of Bad Debts	176K	597K	7.7M	-1.09M	-245K
Other Operating Activities, Total	97.36M	6.83M	39.17M	-5.44M	171M
Change In Accounts Receivable	259M	-415M	868M	-2.1B	-1.91B
Change In Inventories	-609M	-4.05M	-1.25B	-1.39B	-1.48B
Change In Accounts Payable	14.49M	104M	2.75B	3.09B	2.08B
Change In Deferred Taxes	12.19M	-13.27M	-108M	-54.15M	10.08M
Change in Other Net Operating Assets	-1.8B	2.34B	334M	133M	667M
Cash from Operations	192M	3.62B	5.25B	3.11B	4.5B
Capital Expenditure	-412M	-562M	-578M	-1.58B	-2.38B
Sale of Property, Plant, and Equipment	4.35M	3.76M	8.51M	1.96M	5.61M
Cash Acquisitions	-	-	-65.12M	-21M	-13.44M
Investment in Marketable and Equity Securities, Total	2.95B	285M	-8.25B	6.65B	1.08B
Other Investing Activities, Total	127M	41.47M	27.57M	222M	26.14M
Cash from Investing	2.67B	-231M	-8.86B	5.27B	-1.28B
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	131M	203M	69.9M	158M
Total Debt Issued	-	131M	203M	69.9M	158M
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-	-	-357M	-193M	-156M
Total Debt Repaid	-	-	-357M	-193M	-156M
Issuance of Common Stock	-	-	4.96B	-	-
Common Dividends Paid	-755M	-756M	-760M	-1.17B	-1.59B
Common & Preferred Stock Dividends Paid	-755M	-756M	-760M	-1.17B	-1.59B
Other Financing Activities, Total	-	-75.79M	-14.74M	-35.91M	-62.11M
Cash from Financing	-755M	-701M	4.03B	-1.33B	-1.65B
Net Change in Cash	2.11B	2.69B	421M	7.05B	1.57B
Supplemental Items
Cash Income Tax Paid (Refund)	3.28B	3.32B	3.73B	5.26B	6.67B
Levered Free Cash Flow	-1.48B	-65.1M	4.29B	2.52B	2.18B
Unlevered Free Cash Flow	-1.46B	-64.55M	4.3B	2.52B	2.18B
Change In Net Working Capital	2.86B	1.11B	-2.79B	-1.18B	-386M
Net Debt Issued / Repaid	-	131M	-155M	-124M	2.11M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	11.77	9.2	8.71	9.45	11.62
Return on Total Capital	17.78	13.36	12.59	14.09	17.97
Return On Equity %	24.71	18.59	17.14	17.78	22.64
Return on Common Equity	25.35	19.53	17.29	17.93	22.92
Margin Analysis
Gross Profit Margin %	76.28	74.65	74.53	76.77	78.66
SG&A Margin	36.73	37.67	37.46	34.58	33.34
EBITDA Margin %	25.97	23.01	23.16	26.46	31.54
EBITA Margin %	23.99	20.93	21.46	25.1	30.05
EBIT Margin %	23.85	20.79	21.31	24.96	29.94
Income From Continuing Operations Margin %	20.71	17.95	17.89	19.46	23.34
Net Income Margin %	20.14	18.02	17.32	18.81	22.66
Net Avail. For Common Margin %	20.14	18.02	17.32	18.81	22.66
Normalized Net Income Margin	15.67	14.68	13.73	15.76	18.54
Levered Free Cash Flow Margin	-14.2	-0.63	32.36	15.05	10.78
Unlevered Free Cash Flow Margin	-14	-0.63	32.4	15.07	10.79
Asset Turnover
Asset Turnover	0.79	0.71	0.65	0.61	0.62
Fixed Assets Turnover	5.54	5.17	5.13	4.02	3.16
Receivables Turnover (Average Receivables)