Shanxi Xinghuacun Fen Wine Factory (600809) H2 2024 earnings summary

Executive summary

• Achieved revenue of ¥36.01 billion in 2024, up 12.79% year-over-year, with net profit attributable to shareholders of ¥12.24 billion, up 17.29% year-over-year.

• Maintained high-quality growth, expanded market presence domestically and internationally, and enhanced brand influence.

• Continued to invest in R&D, digital transformation, and green initiatives, with significant progress in production capacity and supply chain optimization.

• Proposed a cash dividend of ¥36.00 per 10 shares, totaling ¥4.39 billion, pending shareholder approval.

Financial highlights

• Revenue: ¥36.01 billion, up 12.79% year-over-year; net profit: ¥12.24 billion, up 17.29%.

• Operating cash flow: ¥12.17 billion, up 68.47% year-over-year.

• Gross margin for main business: 76.30%, up 0.93 percentage points.

• Basic EPS: ¥10.0354, up 17.20% year-over-year.

• Net assets attributable to shareholders: ¥34.75 billion, up 24.85% year-over-year.

Outlook and guidance

• Aims to maintain steady revenue growth in 2025, focusing on brand synergy, market expansion, and high-quality development.

• Will deepen reforms, enhance digital and green capabilities, and strengthen risk management.