Jiangsu Yanghe Brewery Joint-Stock (002304): Performance under short-term pressure, leading in dividend yield.

The company released its 2024 annual report and 2025 first quarter report, with revenues of 28.876 billion, 1.36 billion, and 11.066 billion yuan for 2024/2024Q4/2025Q1, respectively, showing a year-on-year decline.

Guolian Minsheng SecuritiesMay 8 07:42

Research Reports mining丨Changjiang Securities: Jiangsu Yanghe Brewery Joint-Stock continues to reduce inventory at a steady pace, maintaining a 'Buy' rating.

According to a research report from Changjiang Securities, Jiangsu Yanghe Brewery Joint-Stock (002304.SZ) is expected to have a Net income of 6.673 billion yuan in 2024 (a year-on-year decrease of 33.37%), and a Net income of 3.637 billion yuan in Q1 2025 (a year-on-year decrease of 39.93%). In terms of volume and price performance, the company's sales have come under pressure, while the average price continues to rise. The company actively controls the pace and assists in inventory reduction. In recent years, the company's internal reforms have continued, and since the beginning of the year, the company's internal product strategies and channel strategies have become clearer, with personnel stabilizing. At this stage, the company focuses on inventory reduction, optimizing channel relationships, strengthening Consumer Education, and increasing expenditure to assist distributors.

Gelonghui FinanceMay 7 15:52 · Ratings

Jiangsu Yanghe Brewery Joint-Stock (002304): Continuing the destocking pace, pay attention to the company's Global Strategy adjustment.

Event description: The company's total operating revenue for 2024 is 28.876 billion yuan (year-on-year -12.83%); the net income attributable to the parent company is 6.673 billion yuan (year-on-year -33.37%). The company's total operating revenue for Q4 2024 is 13.

Changjiang SecuritiesMay 6 16:53

Jiangsu Yanghe Distillery Co., Ltd. Just Missed EPS By 27%: Here's What Analysts Think Will Happen Next

Simply Wall StMay 3 08:16

Jiangsu Yanghe Brewery Joint-Stock (002304): The market continues to experience pressure and adjustments, awaiting the reduction of channel inventory.

In 2024, the company achieved revenue of 28.876 billion yuan, a year-on-year decrease of 12.83%; net income attributable to the parent company was 6.673 billion yuan, a year-on-year decrease of 33.37%. 1Q2

China International Capital CorporationMay 2 20:12

Express News | The net income of the five major Baijiu companies exceeded 150 billion yuan last year: Kweichow Moutai led with 86.2 billion yuan, while Jiangsu Yanghe Brewery's revenue and net income both fell.

BreakingsMay 2 11:02