Royal Group announces 2024 results, focus on milk business

Royal Group (SZSE:002329) announced its 2024 financial results, highlighted by a board decision to forego a cash dividend, stock dividend, or capitalization of reserves due to a CNY 680.67 million net loss attributable to shareholders. Despite this, the company expresses confidence in its core milk business. As a key part of its business strategy, Royal Group outlines potential cash dividends for its 2025 interim results, contingent on meeting specific financial and regulatory criteria. The 2024 total operating income stood at CNY 2.045 billion. The Board of Directors has determined, because of the loss, that it will not distribute any earnings for 2024.