再获香港结算公司增资二十余亿元，山西汾酒2024年度净利润超百亿

Core Viewpoint - Hong Kong Central Clearing Limited has significantly increased its stake in Shanxi Fenjiu, becoming the third-largest shareholder, with a total holding of 46.99 million shares, representing 3.85% of the company as of Q1 2025, reflecting a substantial investment trend since 2024 [2][8]. Group 1: Shareholding Changes - Hong Kong Central Clearing Limited's shareholding increased by 13.41 million shares from the end of 2024 to Q1 2025, with an investment amounting to approximately 2.658 billion yuan [2]. - The company first appeared in Shanxi Fenjiu's top ten shareholders in 2018, holding 7.83 million shares (0.90%), and has consistently increased its holdings over the years [3]. - By the end of 2024, Hong Kong Central Clearing Limited held 33.58 million shares, marking a 92.22% increase from the previous year [8]. Group 2: Financial Performance - Shanxi Fenjiu's stock price surged from 8.44 yuan per share in 2019 to a peak of 368.82 yuan per share, achieving a maximum increase of 42.70 times [5]. - The company reported a revenue of 36.01 billion yuan in 2024, a 281.30% increase from 9.444 billion yuan in 2018, and a net profit of 12.24 billion yuan, up 712.21% from 1.507 billion yuan in 2018 [5]. - The dividend payout for 2024 was 36 yuan per ten shares, totaling 7.393 billion yuan, which accounted for 60.40% of the net profit [8]. Group 3: Market Position and Strategy - Shanxi Fenjiu has become a key player in the Chinese liquor market, with a market share increase from 11% to 20% since 2018, establishing a competitive landscape alongside Moutai and Wuliangye [11]. - The company has expanded its marketing efforts outside of Shanxi, with 3,718 distributors outside the province, an increase of 598 from the previous year [13]. - Shanxi Fenjiu is actively pursuing international markets, with a 20% increase in export volume in 2023, reaching approximately 6 million liters [13].