Jiangsu Yanghe reports FY24 results, proposes dividend, names auditor

Jiangsu Yanghe Brewery Joint-Stock (SZSE:002304) reported its FY24 results, showing a revenue of CNY28.88 billion and net profit attributable to shareholders of CNY6.67 billion, reflecting a decrease in revenue and a decline in profitability due to increased market competition. Despite the downturn, the company proposed a cash dividend of CNY23.17 per 10 shares, totaling CNY3.49 billion. The company has also laid out its FY25 strategic plan which focuses on quality, consumer engagement, key products, and focus on the core Jiangshu and Huanjiang markets. As part of its FY25 plan, the company plans to maintain cost controls through more efficient revenue, logistics, and distribution plans.