Summary by Moomoo AI
HUA RUN BEER (HOLDINGS) CO., LTD. ANNOUNCED FINAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023 WITH A COMBINED REVENUE OF RMB38,932 MILLION, AN INCREASE OF 10.4% YEAR-ON-YEAR. Earnings before interest and taxes and profit attributable to the Company's shareholders amounted to RMB6,961,000,000 and RMB5,153,000,000, respectively, an increase of 33.2% and 18.6% year-on-year, respectively. Beer sales increased slightly by 0.5% to approximately 11,151,000 kilolitres, of which beer sales increased by 18.9%. Of particular note is that sales of beer brand “Heili®” grew by almost 60% year-on-year, meeting the five-year plan goal of cooperation with Hili®. Regarding the white wine business, the Company completed the acquisition of a 55.19% stake in Guizhou Sands. The sales of the white wine business and the profit before interest and tax were RMB2,067,000,000 and RMB130,000,000, respectively. The Board of Directors proposes to distribute a final dividend of RMB0.349 per share and a special dividend of RMB0.300 per share to celebrate the Group's 30th anniversary. Looking ahead to 2024, growth will continue to be the company's top strategy.