On November 11, the “2024 Hong Kong Listed Companies Development Summit Forum and 11th Hong Kong Stock Top 100 Awards Ceremony” hosted by the Hong Kong Stock Top 100 Research Center was held. With its steady performance and sustainable development capabilities, Zhenjiu Li Du (6979.HK) was successfully selected for the Hong Kong Stock Exchange “Top 30 New Stocks” list, ranking second in the market value of the list, and won the “ESG Outstanding Enterprise Award”, becoming one of the 10 Hong Kong Stock Listed Companies.

Awards ceremony scene

On April 27, 2023, Zhenjiu Li Du listed on Hong Kong stocks as the first share of Hong Kong Liquor and the second share of Chinese Sauce-flavored Liquor. It became the only successfully listed company in the liquor industry in the past 8 years. It is also the largest IPO raised in the Hong Kong stock market and the global consumer industry in 2023.

Less than 4 months after listing, Zhenjiu Li Du was included in the “Hong Kong Stock Connect” and the S&P Global BMI Index. Less than 8 months after listing, it was included in four important indices in the FTSE Global Stock Index series, further increasing its popularity and recognition.

Since this year, with the Federal Reserve cutting interest rates and the introduction of a series of policies to support the economy and capital markets, the Hong Kong stock market has ushered in a strong rebound. The “Top 30 IPOs”, as an emerging force in Hong Kong stocks, have shown extraordinary resilience and potential.

Take Zhenjiu Li Du as an example. In a critical period of deep macroeconomic adjustment and transformation, it stood out from the fierce market competition with its excellent product quality, unique brand appeal, and strong market operation capabilities. In the first half of 2024, Zhenjiu Lidu achieved operating income of 4.133 billion yuan, an increase of 17.5% year on year; adjusted net profit of 1.02 billion yuan, an increase of 26.9% year on year. It continued to grow for the fourth year in a row, ranking 9th among listed Chinese liquor companies.

Zhenjiu Lidu's scarce attributes continue to attract the attention of Southbound Capital. As of November 8, Zhenjiu Lidu received Southbound capital to hold a total of 0.217 billion shares, accounting for 6.4% of the company's issued common shares. Meanwhile, the liquidity and trading activity of Zhenjiu Lidu shares continued to increase. According to Choice data, in 2023, Zhenjiu Li Du's turnover was HK$13.2 billion, with a turnover of 1.309 billion lots, with a turnover rate of 38.64%; since 2024, the turnover was HK$14.2 billion (as of November 8), with a turnover of 1.669 billion lots, with a turnover rate of 49.26%.

Since its listing, well-known domestic and foreign brokerage institutions such as Morgan Stanley, Goldman Sachs, CITIC Securities, etc. have repeatedly given Zhenjiu Lidu positive ratings, believing that it has a clear advantage over other competitors and is expected to occupy a larger market share in the future.