China Tobacco International (HK) Company (6055) H2 2024 earnings summary

Executive summary

• Achieved significant year-on-year growth with revenue up 10.5% to HK$13,074.2 million and profit attributable to equity shareholders up 42.6% to HK$853.7 million for the year ended 31 December 2024.

• Growth driven by expansion in international markets, enhanced supply chain management, and improved profitability across core business segments.

• Focused on ESG initiatives, digital transformation, and talent development to support sustainable growth.

Financial highlights

• Revenue increased 10.5% year-over-year to HK$13,074.2 million; gross profit rose 26.6% to HK$1,377.6 million.

• Net profit attributable to equity shareholders surged 42.6% to HK$853.7 million; total profit for the year was HK$902.8 million, up 30.4%.

• Earnings per share rose to HK$1.23 from HK$0.87; total dividend per share increased 43.8% to HK$0.46.

• Finance costs increased 33.9% to HK$224.1 million due to higher borrowings and interest rates.

• Net current assets stood at HK$2,837.8 million; gearing ratio was 0.94 and current ratio was 1.43.

Outlook and guidance

• Plans to enhance profitability, expand international business, and pursue both organic and inorganic growth.

• Focus on strengthening supply chain resilience, brand development, and ESG integration for sustainable returns.

• Committed to stable dividend growth and long-term value creation for shareholders.