农夫山泉发布2024年财报：营收428亿元 净利润超121亿元

Core Insights - The company reported a total revenue of 42.896 billion yuan and a net profit exceeding 12.123 billion yuan for the fiscal year 2024, indicating a year-on-year growth in both revenue and profit [1][3] - The founder stated that despite a three-month decline, the company maintains the leading market share in China's packaged drinking water sector [3] Financial Performance - Total revenue for 2024 was 42.896 billion yuan [3] - Net profit reached 12.123 billion yuan [3] - Basic earnings per share were 1.078 yuan [3] - The company proposed a final dividend of 0.76 yuan per ordinary share [3] Strategic Developments - The company has a strong competitive advantage due to its access to high-quality water sources, with new investments in water source projects [3] - In 2024, the company launched the Huangshan water source and is simultaneously advancing six water source projects nationwide [3] Investment Projects - In November 2023, the company established a presence in Linzhi, Tibet, with an investment of 200 million yuan [4] - A new drinking water company in Yunnan was formed with an estimated total investment of 1 billion yuan [4] - In January 2024, the company announced a capacity expansion in Jiande with a total investment of 5 billion yuan [4] - A new production base in Dujiangyan, with an investment of 1.35 billion yuan, commenced construction in January 2024 [4] - The Huangshan water source officially began production in July 2024, expected to generate an output value of 1.5 billion yuan [4] - A signing ceremony for a production project in Haikou took place in November 2024, with a planned total investment of 1.5 billion yuan [4] Operational Efficiency - The company adheres to a "source-based factory, source-based bottling" model, with an average distance of 500 kilometers from factories to consumer markets, and some distances reaching up to 1,000 kilometers [4] - Over nearly 30 years, the company has established a nationwide water source factory model covering 18 counties across 13 provinces and cities, effectively reducing transportation distances [4]