Sichuan Teway reports strong 2024, corrects annual report

** Sichuan Teway Food Group (SSE:603317) reported a robust 2024, with revenues reaching CNY 3.476 billion, a 10.41% increase year-over-year, and net profit attributable to shareholders climbing to CNY 624.635 million, a 36.77% jump. The company also announced its cash dividend plan of CNY 0.55 per share. In a subsequent announcement correcting the 2024 annual report, Sichuan Teway clarified that its internal controls audit opinion was "unqualified opinion with an emphasis paragraph" and not simply “standards of unqualified opinion," relating to its acquisition of Hangzhou J&J Culture Technology in December 2024. Other key details from the annual report include a proposed cash dividend of CNY 584.585 million, taking the total cash distribution to CNY 609.752 million, a significant 97.62% of its net profit. The annual report lists significant investments in research and development as well as digital infrastructure to boost its operational capabilities and sustain future growth.