On November 11, the "2024 Hong Kong Listed Company Development Summit Forum and the 11th Hong Kong Stock 100 Awards Ceremony" organized by the Hong Kong Stock 100 Research Center was held, and ZJLD (6979.HK) successfully made the list of the "Top 30 New Stocks" on the Hong Kong Stock Exchange due to its stable performance and sustainable development capability, ranking second in market cap among the listed companies and winning the "ESG Excellence Enterprise Award," becoming one of the 10 awarded companies on the Hong Kong Stock Exchange.

Award ceremony site

On April 27, 2023, ZJLD was listed on the Hong Kong Stock Exchange as the first baijiu stock and the second sauce-flavored baijiu stock in China, becoming the only successful listed company in the baijiu industry in the past 8 years and also the largest IPO in terms of fundraising in the Hong Kong market and the global consumer industry in 2023.

Less than four months after its listing, ZJLD was successively included in the "Hong Kong Stock Connect" and S&P Global BMI Index, and within eight months of its listing, was included in four key indices of the FTSE Global Equity Index Series, further enhancing its visibility and recognition.

Since the beginning of this year, with the Federal Reserve's interest rate cuts and a series of policies supporting the economy and capital markets, the Hong Kong stock market has experienced a strong rebound, and the "Top 30 New Stocks," as an emerging force in the Hong Kong stock market, has demonstrated extraordinary resilience and potential.

Taking ZJLD as an example, during the critical period of deep adjustment and transformation of the macro economy, it stood out in intense market competition due to its excellent product quality, unique brand charm, and strong market operation capability. In the first half of 2024, ZJLD achieved revenue of 4.133 billion yuan, a year-on-year increase of 17.5%; adjusted net income was 1.02 billion yuan, a year-on-year increase of 26.9%, maintaining growth for the fourth consecutive year, ranking ninth among Chinese baijiu listed companies in comprehensive strength.

The rare attributes of zjld continuously attract the attention of southbound funds. As of November 8, zjld has been cumulatively held by southbound funds at 0.217 billion shares, accounting for 6.4% of the company's issued ordinary shares. At the same time, the liquidity and trading activity of zjld stocks continue to strengthen. According to Choice data, in 2023, the transaction amount of zjld was 13.2 billion Hong Kong dollars, with a volume of 1.309 billion hands and a turnover ratio of 38.64%; since 2024, the transaction amount has reached 14.2 billion Hong Kong dollars (as of November 8), with a volume of 1.669 billion hands and a turnover ratio of 49.26%.

Since its listing, well-known domestic and foreign brokerages such as morgan stanley, goldman sachs, china international capital corporation, and citic sec have given multiple positive ratings to zjld, believing that it has obvious advantages compared to other competitors and is expected to occupy a larger market share in the future.