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Greatview Aseptic Packaging (468) investor relations material

Greatview Aseptic Packaging H1 2024 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Greatview Aseptic Packaging Company Limited
H1 2024 earnings summary11 Sep, 2024

Executive summary

  • Revenue declined 13.9% year-over-year to RMB1,627.3 million due to lower sales volume, but net profit rose 17.7% to RMB117.5 million, driven by improved gross margin and cost control.

  • Gross margin increased to 20.3% from 15.7% year-over-year, reflecting better product mix and reduced cost of sales.

  • The company continued digital transformation, launched eco-friendly products, and expanded international operations despite intensified competition in the PRC.

  • No interim dividend was declared for the period.

Financial highlights

  • Revenue: RMB1,627.3 million, down 13.9% year-over-year; PRC segment down 23.0%, international down 2.9%.

  • Net profit: RMB117.5 million, up 17.7% year-over-year; net profit margin rose to 7.2% from 5.3%.

  • Gross profit: RMB330.0 million, up 11.1% year-over-year; gross margin at 20.3%.

  • Earnings per share: RMB0.084, up 12.0% year-over-year.

  • Cash and cash equivalents: RMB780.3 million as of 30 June 2024.

Outlook and guidance

  • Plans to deepen cooperation with existing customers, expand market share in PRC, and strengthen international business through localized operations and new product development.

  • Focus on technological innovation, sustainability, and digital transformation to enhance competitiveness.

  • Continued emphasis on cost control, product quality, and operational excellence.

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Frequently asked questions

Greatview Aseptic Packaging Company Limited is a China-based company specializing in the production and supply of aseptic packaging materials and solutions. The company manufactures aseptic cartons primarily used for packaging liquid food and beverages, including milk, juice, and other dairy products. Greatview serves food and beverage producers by providing cost-effective, high-quality packaging options that maintain product freshness and extend shelf life without refrigeration. Greatview Aseptic Packaging Company Limited is headquartered in Beijing, China, and its shares are listed on the HKEX.

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