Zheng Quan Shi Bao Wang·2025-03-26 03:55Core Insights - The company achieved a net profit of 12.1 billion yuan and plans to distribute a total dividend of 8.547 billion yuan for the fiscal year 2024 [1] - Despite a challenging year with a 21.3% decline in revenue from packaged drinking water, the company maintained its leading market share in China [1][2] - The company is expanding its production capacity and investing in new water sources across various regions in China [2] Financial Performance - The company reported total revenue of 42.896 billion yuan, a year-on-year increase of 0.5% [1] - The net profit for the year was 12.123 billion yuan, reflecting a growth of 0.4% compared to the previous year [1] - Basic earnings per share were 1.078 yuan, with a proposed dividend of 0.76 yuan per share [1] Product Segmentation - Revenue from packaged drinking water was 15.952 billion yuan, accounting for 37.2% of total revenue [1] - Tea beverage products generated 16.745 billion yuan, representing 39% of total revenue [1] - Functional beverages contributed 4.932 billion yuan (11.5%), while juice beverages accounted for 4.085 billion yuan (9.5%) [1] Strategic Initiatives - The company reintroduced purified water products to help consumers distinguish between purified and natural water [2] - Investments include 200 million yuan in Tibet and 1 billion yuan in a new water source project in Yunnan [2] - The company is also expanding its production capacity with significant investments planned for various locations [2] Technological Advancements - The company implemented coding technology for better inventory and sales management, enhancing brand competitiveness [3] - Artificial intelligence (AI) technology is being integrated to support data-driven decision-making and improve operational efficiency [3] - The company aims for a digital transformation to optimize its supply chain and enhance customer experience [3] Future Outlook - The company expresses confidence in overcoming challenges posed by negative online sentiment and is prepared to seize future opportunities [3]