恒顺醋业：去年归属净利润增长46.54%，充分发挥集采效能，原辅包材节降成本成果显著

Core Insights - The company reported a revenue of 2.196 billion yuan for 2024, an increase of 4.25% year-on-year [1] - Net profit attributable to shareholders reached 127 million yuan, a year-on-year growth of 46.54% [1] - The company plans to distribute a cash dividend of 0.10 yuan per share to all shareholders [1] Revenue Breakdown - The main condiment segment generated revenue of 2.093 billion yuan, up 0.73% year-on-year, with a gross margin of 35.10%, an increase of 2.73 percentage points [1] - The vinegar series reported revenue of 1.266 billion yuan, a decline of 2.20% year-on-year, with a gross margin of 45.31%, up 2.21 percentage points [1] - The wine series achieved revenue of 329 million yuan, an increase of 0.47% year-on-year, with a gross margin of 31.10%, up 5.47 percentage points [1] - The sauce series generated revenue of 180 million yuan, down 8.07% year-on-year, with a gross margin of 10.58%, a decrease of 0.57 percentage points [1] Strategic Initiatives - The company has made breakthroughs in deepening reforms and has restructured subsidiaries with a "one enterprise, one policy" approach, closing down subsidiaries that have incurred losses for three consecutive years [1] - The company is focusing on resource optimization and integration to strengthen its operational foundation [1] - Cost reduction and efficiency improvement initiatives have been implemented, leading to significant cost savings in raw materials and packaging [2] - Continuous management of production efficiency has resulted in a year-on-year decrease in overall energy consumption [2]