Luzhou Laojiao Co.,Ltd.

000568.SZ

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

4,367

Cost of Revenue

544

Gross Profit

3,823

Gross Margin

87.5%

Operating Income

2,549

Operating Margin

58.4%

Net Income

1,886

Net Margin

43.2%

EPS (Basic)

$1.00

EPS (Diluted)

$1.00

EBITDA

2,579

EBITDA Margin

59.0%

2023

12/31/2023

Revenue

4,233

Cost of Revenue

495

Gross Profit

3,737

Gross Margin

88.3%

Operating Income

2,498

Operating Margin

59.0%

Net Income

1,854

Net Margin

43.8%

EPS (Basic)

$1.00

EPS (Diluted)

$1.00

EBITDA

2,505

EBITDA Margin

59.2%

2022

12/31/2022

Revenue

3,517

Cost of Revenue

472

Gross Profit

3,046

Gross Margin

86.6%

Operating Income

1,939

Operating Margin

55.1%

Net Income

1,451

Net Margin

41.3%

EPS (Basic)

$1.00

EPS (Diluted)

$1.00

EBITDA

1,966

EBITDA Margin

55.9%

2021

12/31/2021

Revenue

2,890

Cost of Revenue

413

Gross Profit

2,477

Gross Margin

85.7%

Operating Income

1,483

Operating Margin

51.3%

Net Income

1,114

Net Margin

38.5%

EPS (Basic)

$1.00

EPS (Diluted)

$1.00

EBITDA

1,482

EBITDA Margin

51.3%

2020

12/31/2020

Revenue

2,331

Cost of Revenue

395

Gross Profit

1,936

Gross Margin

83.0%

Operating Income

1,114

Operating Margin

47.8%

Net Income

841

Net Margin

36.1%

EPS (Basic)

$1.00

EPS (Diluted)

$1.00

EBITDA

1,105

EBITDA Margin

47.4%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	4,367	4,233	3,517	2,890	2,331
Cost of Revenue	544	495	472	413	395
Gross Profit	3,823	3,737	3,046	2,477	1,936
Gross Margin	87.5%	88.3%	86.6%	85.7%	83.0%
Operating Income	2,549	2,498	1,939	1,483	1,114
Operating Margin	58.4%	59.0%	55.1%	51.3%	47.8%
Net Income	1,886	1,854	1,451	1,114	841
Net Margin	43.2%	43.8%	41.3%	38.5%	36.1%
EPS (Basic)	$1.00	$1.00	$1.00	$1.00	$1.00
EPS (Diluted)	$1.00	$1.00	$1.00	$1.00	$1.00
EBITDA	2,579	2,505	1,966	1,482	1,105
EBITDA Margin	59.0%	59.2%	55.9%	51.3%	47.4%