Shanghai Milkground outlines 2024 growth, board changes, new share plan

** Shanghai Milkground Food Tech (SSE:600882) announced its 2024 operating data, board member election results, and new stock ownership plans. The company reported RMB 4.84 billion in revenue, attributing growth to its focus on cheese products. While overall revenue decreased by 8.99% year-over-year, the cheese sector showed growth. Net profits attributable to shareholders increased dramatically by 89.16% to RMB 113.62 million, and cash flow improved significantly to RMB 530.73 million. Concurrently, the company announced elections for its 12th board. A new stock option incentive plan has been launched, granting 207 individuals options for 8 million shares to encourage key personnel and tie their interests to the company's performance. These efforts aim to maintain market leadership and reward shareholders and staff.