By health

SZSE:300146

China / Consumer Staples / Personal Care Products

Overview

News

5Y Historical Financials

Stock Price

10.95 CNY


Key Metrics	Latest
Total Revenue	6.838 B
Adjusted EBITDA	964.1 M
EBITDA Margin	14.1%
Net Profit Margin	8.3%
Total Assets	14.28 B
Total Debt	1.543 B

5Y Historical Financial Statements

Summary Financials


Summary Financials

	Fiscal Year Ending					Latest	Year-to-date Ending
(in millions)	Dec-20	Dec-21	Dec-22	Jan-24	Dec-24	12 Months	Jan-24	Dec-24

Revenue	6,094.90	7,431.28	7,861.41	9,406.81	6,838.39	6,838.39	9,406.81	6,838.39
% Growth		0.22	0.06	0.20	(0.27)			(0.27)

Adjusted EBITDA	1,566.57	2,011.86	1,773.13	2,071.54	964.15	964.15	2,071.54	964.15
% Margin	0.26	0.27	0.23	0.22	0.14	0.14	0.22	0.14

Adjusted EBIT	1,361.36	1,796.51	1,560.95	1,846.63	744.04	744.04	1,846.63	744.04
% Margin	0.22	0.24	0.20	0.20	0.11	0.11	0.20	0.11

Adjusted Net Income	1,351.00	1,594.43	1,471.58	1,628.68	568.84	568.84	1,628.68	568.84
% Margin	0.22	0.21	0.19	0.17	0.08	0.08	0.17	0.08

Adjusted Basic EPS	0.85	0.96	0.87	0.96	0.34	0.34	0.96	0.34

Supporting Calculations

Income Statement

Balance Sheet

Statement of Cashflows


Income Statement
						Original
CNY	Fiscal Year Ending					Latest	Year-to-date Ending
(in millions)	Dec-20	Dec-21	Dec-22	Jan-24	Dec-24	Dec-24	Jan-24	Dec-24
	FY - 4	FY - 3	FY - 2	FY - 1	FY	LTM	YTD-1	YTD

Revenue	6,095	7,431	7,861	9,407	6,838	6,838	9,407	6,838
% Growth	NA	21.9%	5.8%	19.7%	-27.3%			-27.3%

Cost of Revenue	(2,277)	(2,544)	(2,506)	(2,938)	(2,321)	(2,321)	(2,938)	(2,321)
Gross Profit	3,818	4,887	5,356	6,468	4,518	4,518	6,468	4,518
% Revenue	62.6%	65.8%	68.1%	68.8%	66.1%	66.1%	68.8%	66.1%

Research and Development	(140)	(150)	(158)	(179)	(149)	(149)	(179)	(149)
Selling and Marketing	(1,817)	(2,475)	(3,169)	(3,859)	(3,031)	(3,031)	(3,859)	(3,031)
General and Admin	(433)	(393)	(393)	(492)	(555)	(555)	(492)	(555)
Other Inc / (Exp)	165	152	(160)	102	73	73	102	73
Total Operating Exp	(2,225)	(2,866)	(3,880)	(4,428)	(3,663)	(3,663)	(4,428)	(3,663)

Operating Income	1,593	2,021	1,475	2,040	855	855	2,040	855
% Revenue	26.1%	27.2%	18.8%	21.7%	12.5%	12.5%	21.7%	12.5%

Interest Expense	176	157	230	156	46	46	156	46
Pre-tax Income	1,769	2,178	1,705	2,196	901	901	2,196	901
Earnings of Discontinued Ops.	0	0	0	0	0	0	0	0
Provision for Taxes	(225)	(412)	(294)	(417)	(253)	(253)	(417)	(253)
Net Income to Company	1,544	1,766	1,411	1,779	648	648	1,779	648
% Margin	25.3%	23.8%	18.0%	18.9%	9.5%	9.5%	18.9%	9.5%

Minority Interest in Earnings	(20)	(12)	(25)	(32)	5	5	(32)	5
Net Income to Stockholders	1,524	1,754	1,386	1,746	653	653	1,746	653

Preferred Dividends	0	0	0	0	0	0	0	0
Other Adj.	0	0	0	0	0	0	0	0

Net Income to Common	1,524	1,754	1,386	1,746	653	653	1,746	653
% Margin	25.0%	23.6%	17.6%	18.6%	9.5%	9.5%	18.6%	9.5%

As Reported
Basic EPS (Continuing Ops)	0.96	1.06	0.82	1.03	0.39	0.39	1.03	0.39
Diluted EPS (Continuing Ops)	0.96	1.05	0.81	1.03	0.38	0.38	1.03	0.38

WA Basic Shares Out.	1,587.76	1,654.70	1,690.06	1,695.45	1,673.93	1,673.93	1,695.45	1,673.93
WA Diluted Shares Out.	1,587.76	1,670.46	1,710.93	1,695.45	1,717.98	1,717.98	1,695.45	1,717.98

EBITDA, EBIT Reconciliation
EBT, Incl. Unusual Items	1,769	2,178	1,705	2,196	901	901	2,196	901
Addback: Net Interest Expense	(176)	(157)	(230)	(156)	(46)	(46)	(156)	(46)
Addback: Other Non Operating Expenses, Total	29	8	4	9	(4)	(4)	9	(4)
Addback: Depreciation & Amortization	205	215	212	225	220	220	225	220
Addback: Restructuring Charges	0	0	0	0	0	0	0	0
Addback: Merger / Acquisition Expenses	0	0	0	0	0	0	0	0
Addback: Goodwill Impairment	0	0	0	0	0	0	0	0
Addback: Gain (Loss) On Sale Of Invest.	(259)	(69)	178	(51)	(5)	(5)	(51)	(5)
Addback: Gain (Loss) On Sale Of Assets	0	(0)	4	(0)	(14)	(14)	(0)	(14)
Addback: Asset Writedown	1	1	9	1	4	4	1	4
Addback: In Process R&D Expenses	0	0	0	0	0	0	0	0
Addback: Insurance Settlements	0	0	0	0	0	0	0	0
Addback: Legal Settlements	0	0	0	0	0	0	0	0
Addback: Other Unusual Items	(4)	(164)	(109)	(153)	(92)	(92)	(153)	(92)
Adjusted EBITDA	1,567	2,012	1,773	2,072	964	964	2,072	964
% Margin	25.7%	27.1%	22.6%	22.0%	14.1%	14.1%	22.0%	14.1%

Adjusted EBIT	1,361	1,797	1,561	1,847	744	744	1,847	744
% Margin	22.3%	24.2%	19.9%	19.6%	10.9%	10.9%	19.6%	10.9%

Adjusted Net Income Reconciliation
Net Income to Company	1,544	1,766	1,411	1,779	648	648	1,779	648
Addback: Unusual Items	(261)	(232)	82	(203)	(107)	(107)	(203)	(107)
Less: Tax Benefit of Unusual Items (26%)	68	60	(21)	53	28	28	53	28
Adjusted Net Income	1,351	1,594	1,472	1,629	569	569	1,629	569
% Margin	22.2%	21.5%	18.7%	17.3%	8.3%	8.3%	17.3%	8.3%

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By health

SZSE:300146

China / Consumer Staples / Personal Care Products

5Y Historical Financials