On August 29th, Yanghe Brewery (002304.SZ) released its half-yearly report for 2024. During the reporting period, the company adhered to stable, rational, and sustainable development, actively adapted to environmental changes and addressed development issues, and continued to strengthen quality upgrading, brand marketing, channel expansion, and basic management. In the first half of 2024, the company achieved revenue of 22.876 billion yuan, a year-on-year increase of 4.58%; net income attributable to shareholders of the listed company was 7.947 billion yuan, a year-on-year increase of 1.08%; net income attributable to shareholders of the listed company after deducting non-recurring gains and losses was 7.941 billion yuan, a year-on-year increase of 2.96%.
In order to further enhance shareholder returns, the company has formulated the "Cash Dividend Return Plan (2024-2026)". Under the premise of satisfying the profit distribution policy of the Company's Articles of Association, from 2024 to 2026, the total amount of cash dividends for each fiscal year shall not be less than 70% of the net income attributable to shareholders of the listed company for that year, and shall not be less than RMB 7 billion (inclusive of taxes). This plan still needs to be approved by the company's shareholders' meeting.
