Hong Kong Stock ZJLD announced 2024 results: operating income of 7.07 billion yuan, up 0.5% year on year; adjusted net profit of 1.68 billion yuan, up 3.3% year on year. The main indicators continued to grow for four consecutive years. The gross profit margin was 58.6%, and the adjusted net profit margin was 23.7%, both up 0.6 percentage points year on year, and profitability continued to increase. The company plans to pay a dividend of HK$0.712 billion, an increase of 16.7% over the previous year, and further enhance shareholder returns. During the period of deep adjustment in the liquor industry, Zhenjiu Li Du also made breakthrough progress in quality improvement, channel innovation, brand building, and implementation of social responsibility.