Below are the financial statements of Tsingtao Brewery, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of CNY | 2024 | 2023 |
|---|---|---|
| Revenue | 32,137.83a | 33,936.52a |
| Less: cost of sales | -19,209.92a | -20,816.89a |
| Taxes and surcharges | -2,328.26a | -2,386.66a |
| Selling and distribution expenses | -4,602.52a | -4,708.4a |
| General and administrative expenses | -1,406.58a | -1,519.06a |
| Research and development expenses | -102.77a | -100.64a |
| Finance expenses | -567.77a | -457.12a |
| Including: interest expenses | -21.84a | -16.43a |
| Interest income | 616.77a | 506.38a |
| Add: other income | 501.41a | 391.12a |
| Investment income | 117.79a | 172.04a |
| Including: share of profit of associates and a joint venture | 48.27a | 15.8a |
| Profits arising from changes in fair value (losses are listed with "-") | 199.52a | 230.26a |
| Credit impairment losses (losses are listed with "-") | -0.34a | -14.31a |
| Asset impairment losses (losses are listed with "-") | -35.78a | -82.85a |
| Gains on disposals of assets (losses are listed with "-") | 4.27a | 178.58a |
| Operating profit | 5,843.12a | 5,736.83a |
| Add: non-operating income | 73.14a | 22.62a |
| Less: non-operating expenses | -34.77a | -13.04a |
| Total profit | 5,881.49a | 5,746.41a |
| Less: income tax expenses | -1,389.72a | -1,398.21a |
| Net profit | 4,491.78a | 4,348.2a |
| Classified by continuity of operations: | — | — |
| Net profit from continuing operations | 4,491.78a | 4,348.2a |
| Classified by ownership of the equity: | — | — |
| Attributable to shareholders of the Company | 4,344.98a | 4,267.85a |
| Attributable to non-controlling interests | 146.79a | 80.35a |
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