Also trades as: BDWBY (OTC) · $vol 0M · BDWBF (OTC) · $vol 0M

HK$5.67 ($0.72)

-0.24 (-4.06%)

Weekly Expected Move ±5.0%

HK$5 HK$5 HK$6 HK$6 HK$6

HKSE · Consumer Defensive · Beverages - Alcoholic · Tech Score Sell · Power 43 · HK$75.1B mcap · 1.66B float · 1.10% daily turnover

Revenue

$44.9B -7.4% ▼

5Y CAGR: +0.7%

Gross Profit

$22.5B -7.9% ▼

5Y CAGR: +1.0%

Operating Income

$7.0B -17.6% ▼

5Y CAGR: -0.1%

Net Income

$3.8B -32.4% ▼

5Y CAGR: -0.9%

EPS (Diluted)

$0.29 -32.6% ▼

5Y CAGR: -0.7%

EBITDA

$11.7B -14.2% ▼

5Y CAGR: -0.6%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$52.8B	$50.7B	$53.5B	$48.5B	$44.9B
YoY Growth	+21.7%	-3.9%	+5.5%	-9.4%	-7.4%
Cost of Revenue	$25.5B	$26.4B	$26.6B	$24.1B	$22.4B
Gross Profit	$27.3B	$24.3B	$27.0B	$24.4B	$22.5B
Gross Margin	51.6%	47.9%	50.4%	50.4%	50.1%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$2.4B	$2.1B	$2.2B	$16.3B	$15.5B
Operating Expenses	$17.3B	$15.5B	$16.9B	$15.9B	$15.5B
Operating Income	$9.9B	$9.8B	$10.1B	$8.5B	$7.0B
Operating Margin	18.8%	19.4%	18.8%	17.6%	15.6%
Interest Expense	$350M	$25M	$391M	$35M	$312M
Income Before Tax	$10.7B	$10.0B	$10.4B	$9.0B	$7.4B
Tax Expense	$3.4B	$2.6B	$3.5B	$3.2B	$3.4B
Net Income	$7.4B	$7.1B	$852M	$5.6B	$3.8B
Net Margin	14.0%	14.1%	1.6%	11.6%	8.5%
EPS (Diluted)	$0.56	$0.54	$0.50	$0.43	$0.29
EBITDA	$16.6B	$14.0B	$15.6B	$13.7B	$11.7B
Shares Outstanding	13.23B	13.24B	13.27B	13.29B	13.32B

Line Item	FY2022 Q4	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2	FY2025 Q4	FY2026 Q2
Revenue	$1.2B	$28.7B	$24.9B	$26.5B	$22.1B	$24.6B	$20.5B	$24.9B
Cost of Revenue	$631M	$14.1B	$12.5B	$12.9B	$11.3B	$12.0B	$10.6B	$12.0B
Gross Profit	$534M	$14.6B	$12.4B	$13.7B	$10.8B	$12.7B	$9.9B	$12.9B
Gross Margin	45.8%	50.9%	49.7%	51.5%	49.0%	51.4%	48.5%	51.9%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$528M	$8.4B	$8.8B	$8.1B	$8.3B	$7.6B	$7.8B	$8.1B
Operating Expenses	$557M	$7.9B	$8.9B	$7.7B	$8.2B	$7.4B	$7.9B	$8.0B
Operating Income	$40M	$6.5B	$3.5B	$5.9B	$2.6B	$5.2B	$2.0B	$4.9B
Operating Margin	3.4%	22.7%	13.9%	22.4%	11.8%	21.2%	10.0%	19.8%
Interest Expense	$2M	$204M	$188M	$133M	-$98M	$171M	$140M	$117M
Income Before Tax	$37M	$6.8B	$3.6B	$6.2B	$2.8B	$5.4B	$2.0B	$5.2B
Tax Expense	$39M	$2.1B	$1.4B	$1.9B	$1.3B	$2.1B	$1.3B	$1.4B
Net Income	-$12M	$4.5B	$2.2B	$4.2B	$1.4B	$3.2B	$624M	$3.7B
Net Margin	-1.0%	15.7%	8.7%	15.9%	6.5%	13.0%	3.0%	14.9%
EPS (Diluted)	$-0.00	$0.34	$0.16	$0.32	$0.11	$0.24	$0.05	$0.28
EBITDA	$136M	$9.1B	$5.6B	$8.4B	$5.3B	$7.6B	$4.4B	$7.1B
Shares Outstanding	13.24B	13.28B	13.26B	13.28B	13.30B	13.32B	13.25B	13.36B

1876.HK HKSE