Financial Performance - For the six months ended June 30, 2024, the company's operating revenue was RMB 21.59 billion, an increase of 7.6% compared to RMB 20.07 billion for the same period in 2023[4] - The net profit attributable to shareholders for the same period was RMB 3.43 billion, a decrease of 5.9% from RMB 3.64 billion in the previous year[4] - Total revenue for the six months ended June 30, 2024, was RMB 20,068,307,930, a decrease of 7.05% compared to RMB 21,591,789,633 for the same period in 2023[9] - Net profit attributable to shareholders for the six months ended June 30, 2024, was RMB 3,641,652,772, compared to RMB 3,425,652,286 for the same period in 2023, representing an increase of 6.32%[15] - Basic earnings per share for the six months ended June 30, 2024, was RMB 2.672, up from RMB 2.516 for the same period in 2023, indicating a growth of 6.19%[15] Assets and Liabilities - The total assets as of June 30, 2024, amounted to RMB 52.81 billion, up from RMB 49.26 billion as of December 31, 2023, reflecting a growth of 7.1%[3] - The total liabilities increased to RMB 23.59 billion as of June 30, 2024, compared to RMB 21.00 billion at the end of 2023, marking an increase of 12.3%[3] - Accounts receivable as of June 30, 2024, amounted to RMB 4,332,956,446, an increase from RMB 2,939,758,192 as of December 31, 2023[8] - The total liabilities of the company stood at CNY 24.99 billion, with significant liabilities in the Shandong region at CNY 14.03 billion[20] Cash Flow and Investments - The company's cash and cash equivalents increased to RMB 24.47 billion from RMB 19.28 billion, representing a growth of 27.2%[1] - The company’s cash flow from operating activities showed a positive trend, with significant cash reserves available for future investments and expansions[6] - Non-current asset additions amounted to CNY 539.12 million, indicating ongoing investment in asset growth[20] Market and Product Development - The company plans to continue its market expansion strategies and invest in new product development to enhance its competitive position in the industry[6] - The company has expanded its international market presence, with products now sold in over 120 countries and regions, and has seen rapid growth in Eastern Europe, the Middle East, and the South Pacific[24] - New product launches in the first half of 2024 included "Nika Xi White Beer," "Whole Wheat August A6 and A3," and "Non-Alcoholic White Beer," enhancing the product portfolio to meet diverse consumer demands[24] - The company is accelerating its digital transformation, investing in smart manufacturing, big data analysis, and IoT to enhance production capabilities and efficiency[25] Corporate Governance - The company is listed on both the Shanghai Stock Exchange and the Hong Kong Stock Exchange, adhering to the corporate governance codes applicable in both regions[29] - The term of the current board of directors and supervisory board will expire on June 28, 2024, with the re-election and appointment process being delayed to ensure continuity and stability[29] - The company is committed to maintaining a high level of corporate governance and has complied with the relevant codes, except for deviation from code B.2.2[29] - The board consists of four executive directors and four independent non-executive directors, ensuring a balanced governance structure[29] Dividends - The company declared a cash dividend of RMB 2.00 per share for the fiscal year 2023, totaling RMB 2,728,393,576 based on 1,364,196,788 shares issued[9] - The company has not declared an interim dividend for the six months ended June 30, 2024, compared to no interim dividend declared for the same period in 2023[9] - The company will not distribute interim dividends for the six months ended June 30, 2024[23] Tax and Expenses - The company reported a total tax expense of RMB 1,188,505,811 for the six months ended June 30, 2024, compared to RMB 1,122,838,779 for the same period in 2023, an increase of 5.85%[11] - Main business costs for the same period were RMB 11,719,203,916, down from RMB 13,126,371,443, reflecting a decrease of 10.73%[9] - The company recorded a total of CNY 1.12 billion in income tax expenses for the period[20]
青岛啤酒股份(00168) - 2024 - 中期业绩