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Interface News Reporter | Pang Yu

Interface News Reporter | Pang Yu

Zhujiang Brewery (002461.SZ) delivered an interim report that exceeded market expectations.

On the evening of August 22, Zhujiang Beer disclosed its semi-annual report. In the first half of 2024, the company achieved operating income of 2.986 billion yuan, a year-on-year increase of 7.69%; net profit attributable to shareholders of listed companies was 500 million yuan, a year-on-year increase of 36.52%. Both the revenue and net profit of the semi-annual report hit the highest level in the same period in the past 10 years.

The growth rate of performance in the second quarter was similar to that in the first quarter. The company achieved operating income of RMB 1.878 billion, a year-on-year increase of 8.07% and net profit attributable to the parent company of RMB 379 million, a year-on-year increase of 35.63%. The net profit growth rate exceeded 35% for two consecutive quarters.

As early as July 11, the day after the release of the interim results forecast, Zhujiang Beer's stock price ushered in a wave of increases. It once hit the daily limit during the day and closed up 8%. After that, the company's stock price showed a fluctuating upward trend.

After the interim report was released, on August 23, the company's stock price rose slightly by 1.06%, closing at 8.57 yuan per share, with a total market value of 19 billion yuan. In the more than one month since the announcement, the stock price has risen by nearly 20%, and the total market value has increased by 3 billion yuan.