
Core Viewpoint - Luzhou Laojiao reported a revenue of 31.196 billion yuan in 2024, a year-on-year increase of 3.19%, and a net profit of 13.473 billion yuan, up 1.71%, but failed to meet the board's target of at least 15% revenue growth [2][6] Group 1: Financial Performance - The company did not achieve the board's revenue growth target of 15%, realizing only a 3.19% increase [2][6] - The chairman Liu Miao's salary decreased to 1.3691 million yuan, down approximately 292,900 yuan from the previous year, while the general manager Lin Feng's salary fell to 1.352 million yuan, a reduction of about 291,000 yuan [3][4] Group 2: Management and Compensation - Most executives experienced salary reductions, with the financial director's pay dropping from 1.299 million yuan to 1.093 million yuan, a decrease of 206,000 yuan [4] - Some executives, however, received salary increases, such as the vice president Xiong Pingting, whose salary rose from 952,000 yuan to 1.0725 million yuan, an increase of 120,500 yuan [5] Group 3: Future Outlook - For 2025, the company aims for "steady progress" in revenue without specifying a clear target, indicating potential uncertainty for distributors and investors [2][6] - The company emphasized maintaining price stability and brand image, particularly for its flagship product, Guojiao 1573, amidst competitive pressures [6][7]