WLY(SZ:000858)2025-04-25 13:00Financial Performance - The company's operating revenue for 2024 reached ¥89.18 billion, an increase of 7.09% compared to ¥83.27 billion in 2023[17]. - Net profit attributable to shareholders was ¥31.85 billion, reflecting a growth of 5.44% from ¥30.21 billion in the previous year[17]. - The basic earnings per share for 2024 was ¥8.2062, up 5.44% from ¥7.7830 in 2023[17]. - Total assets at the end of 2024 amounted to ¥188.25 billion, a 13.79% increase from ¥165.43 billion at the end of 2023[17]. - The company reported a net profit of ¥31.74 billion after deducting non-recurring gains and losses, which is a 5.40% increase from ¥30.12 billion in 2023[17]. - The company’s total net assets attributable to shareholders increased by 2.88% to ¥133.29 billion from ¥129.56 billion in 2023[17]. - The net profit attributable to shareholders of the listed company for 2024 is CNY 14,045,140,540.62, a significant increase from CNY 5,011,688,988.25 in 2023, representing a growth of approximately 179.5%[22]. - The net profit excluding non-recurring gains and losses for 2024 is CNY 14,038,692,986.63, compared to CNY 4,900,120,697.13 in 2023, indicating a growth of about 186.5%[22]. - The total revenue from liquor products for 2024 is CNY 83,126,834,116.05, with a year-on-year increase of 8.74%[33]. - The company achieved total revenue of 89.175 billion yuan in 2024, representing a year-on-year growth of 7.09%[44]. Cash Flow and Dividends - The cash flow from operating activities decreased by 18.69% to ¥33.94 billion from ¥41.74 billion in 2023[17]. - The company plans to distribute a cash dividend of ¥31.69 per 10 shares, based on a total of 3,881,608,005 shares[4]. - The company implemented a cash dividend of 18.127 billion yuan in 2024, with a cash dividend rate of 60%, both reaching new highs since its listing[94]. - The company committed to a cash dividend plan for 2024-2026, ensuring that the total cash dividend will not be less than 70% of the net profit attributable to shareholders, with a minimum total of 20 billion yuan per year[95]. Market Expansion and Product Development - The company added 16,000 new core terminals in 2024, improving its distribution network and market share[28]. - The company’s core product, Wuliangye, has seen a stable price with a product matrix that includes new releases such as the 45-degree and 68-degree Wuliangye, enhancing market presence[28]. - The company launched over 10 new cultural liquor products, including the Dragon Year Zodiac liquor, which maintained strong sales throughout the year[46]. - The company is expanding its market presence through enhanced channel construction and consumer cultivation efforts, as indicated by the increase in promotional expenses[62][1]. Operational Efficiency and R&D - The company has invested significantly in promotional expenses, which totaled ¥6,760,331,902.91 in 2024, up from ¥4,540,282,674.32 in 2023, marking a 48.90% increase[62]. - Research and development (R&D) expenses increased by 25.85% to ¥405,053,632.27 in 2024 from ¥321,845,165.28 in 2023, representing 0.45% of operating revenue[62]. - The company is focusing on modern biotechnology to replicate the characteristics of traditional fermentation processes, which is expected to enhance product quality and meet growing consumer demand[61]. - The company aims to establish a rapid detection system for raw materials, significantly improving quality control and reducing labor costs associated with testing[63]. Governance and Management - The company has established a market value management system to enhance investment value and investor returns, which was approved by the board in 2025[88]. - The company maintained a high level of information disclosure, issuing 82 announcements in 2024 and receiving the highest A-level rating for information disclosure from the Shenzhen Stock Exchange for 10 consecutive years[93]. - The company is committed to maintaining transparency in its governance practices, as evidenced by the detailed reporting of board member changes[104]. - The company has a structured decision-making process for determining executive compensation, requiring approval from the board's remuneration committee[118]. Environmental and Social Responsibility - The company has identified and complied with 216 environmental laws and regulations, ensuring adherence to environmental management standards[144]. - The company invested approximately 68.554 million yuan in environmental protection projects and pollution control facility operation costs this year[151]. - In 2024, the company allocated over 54 million yuan for poverty alleviation and rural revitalization efforts[157]. - The company provided employment opportunities for 60-90 individuals annually through the mushroom base and created additional jobs in the bamboo shoot planting base, generating over CNY 170,000 in income for local farmers[162]. Shareholder and Stock Information - The total number of shares after the recent changes is 3,881,608,005, with 100% being unrestricted shares[194]. - The largest shareholder, Yibin Development Holding Group Co., Ltd., holds 34.43% of the shares, totaling 1,336,548,020 shares[199]. - The company has not issued any new securities during the reporting period[198]. - The total number of shareholders at the end of the reporting period is 631,127, an increase from 617,888 at the end of the previous month[199].