Summary by Moomoo AI
Baijiu Li Du Group Limited (Stock Code: 06979.HK) released its interim report for 2024, showing the company's continued focus on the production and sale of high-quality baijiu. During the reporting period, the company's revenue reached RMB 4,133.2 million, an increase of 17.5% compared to the same period last year. The gross profit increased to RMB 2,428.7 million, with a gross margin of 58.8%. However, the profit for the period decreased from RMB 1,584.9 million in the same period last year to RMB 751.7 million due to the impact of fair value changes of non-recurring non-cash financial instruments and stock-based incentive expenses. The company did not distribute interim dividends and will continue to use the net proceeds from global sales for brand building, market promotion, sales channel expansion, business operation automation, and digital transformation. The company's shares were listed on the main board of the Hong Kong Stock Exchange on April 27, 2023.
