ZJLD: ANNUAL RESULTS ANNOUNCEMENTFOR THE YEAR ENDED DECEMBER 31, 2024

In 2024, ZJLD Group achieved revenue of RMB 7.067 billion, an increase of 0.5% year-on-year; gross margin of RMB 4.143 billion, an increase of 1.5% year-on-year; adjusted net profit of RMB 1.676 billion, an increase of 3.3% year-on-year. The gross margin improved by 0.6 percentage points to 58.6%, and the adjusted net profit margin rose by 0.6 percentage points to 23.7%. The net cash flow from operating activities was RMB 0.781 billion, a substantial increase of 116.3% year-on-year.The brands under the group contributed revenue of RMB 4.48 billion, accounting for 63.4% of total revenue; Li Du achieved revenue of RMB 1.313 billion, an increase of 18.3% year-on-year; Xiang Jiao revenue was RMB 0.802 billion; Kai Kou Xiao revenue was RMB 0.337 billion. In terms of price segments, the...Show More

In 2024, ZJLD Group achieved revenue of RMB 7.067 billion, an increase of 0.5% year-on-year; gross margin of RMB 4.143 billion, an increase of 1.5% year-on-year; adjusted net profit of RMB 1.676 billion, an increase of 3.3% year-on-year. The gross margin improved by 0.6 percentage points to 58.6%, and the adjusted net profit margin rose by 0.6 percentage points to 23.7%. The net cash flow from operating activities was RMB 0.781 billion, a substantial increase of 116.3% year-on-year.The brands under the group contributed revenue of RMB 4.48 billion, accounting for 63.4% of total revenue; Li Du achieved revenue of RMB 1.313 billion, an increase of 18.3% year-on-year; Xiang Jiao revenue was RMB 0.802 billion; Kai Kou Xiao revenue was RMB 0.337 billion. In terms of price segments, the share of revenue from mid-high end products increased to 42.4%, reaching RMB 2.995 billion, an increase of 8.8% year-on-year; revenue from high-end products was RMB 1.709 billion, accounting for 24.2%.The company continues to optimize its product structure and strengthen channel construction and brand marketing. ZJLD implements a dual-channel growth strategy, establishing a sealed坛酒 sales model relying on high-end tasting events "National Treasure Banquet" and "Holy Land Tour Return Factory Visit." The Li Du brand has made progress in expanding outside Jiangxi Province, with core product series growing rapidly. The group's ESG performance has been recognized, with green electricity accounting for over 50%, and it has received the Wind ESG "AA" rating for the second consecutive year.