Zhongmin Baihui reports earnings of RMB23.8 mil for FY2024, 29.5% higher y-o-y

Earnings per share stood at 12.42 RMB cents for FY2024, up from a share of 11.08 RMB cents in FY2023. 

The group’s revenue saw a 1.7% y-o-y increase to RMB983.8 million in FY2024, largely due to the increase in sales of gold and Maotai liquor. 

Similarly, the group’s gross profit for FY2024 was up 7.3% at RMB231.8 million on the back of higher revenue and gross profit margin. Gross profit margin in FY2024 stood at 23.6%, up from 22.3% in FY2023 due to an increase in the gross profit margin of gold.

A final dividend of 1 cent per share has been declared for the year, unchanged y-o-y.

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