According to the Zhitong Finance App, Shenguan Holdings (00829) announced its annual results for the year ended December 31, 2023. The group obtained revenue of 1.11 billion yuan (RMB, same below), an increase of 7.58% year on year; profit attributable to shareholders was RMB 31.242 million, an increase of 32.58% year on year; basic profit per share was 1 cent; it is proposed to pay a final dividend of 2 HK cents per share and a special final dividend of 2 Hong Kong cents per share.
According to the announcement, the main reason for the increase in earnings was due to the easing of the COVID-19 pandemic, economic activity became active, the number of people going out to spend or eat at restaurants increased markedly, and high-end sausages gradually entered household consumption, leading to a rise in demand for products. With the development of new products completed one after another, the Group's process technology has become more mature, expanding the share of medium and large caliber products and entering the high-end product market, gradually meeting the needs of the meat enema industry to adjust the product structure. In addition, the Group continues to actively expand its sausage export business. This year's sausage export sales increased by 16.9%, and total sales of casings at home and abroad increased by about 9.0%.