Summary by Futu AI
Chateau Li Du Group Limited (Stock Code: 06979.HK) released its interim report for 2024, showing the company's continued focus on the production and sale of high-quality baijiu. During the reporting period, the company's revenue reached RMB 4,133.2 million, an increase of 17.5% compared to the same period last year. The gross profit increased to RMB 2,428.7 million, with a gross margin of 58.8%. However, the net profit for the period decreased from RMB 1,584.9 million in the same period last year to RMB 751.7 million due to the impact of one-time non-cash financial instrument fair value changes and stock-based incentive expenses. The company did not declare an interim dividend and will continue to utilize the net proceeds from the global offering for brand building, market promotion, expansion of sales channels, operation automation, and digital transformation. The company's shares were listed on the main board of the Hong Kong Stock Exchange on April 27, 2023.