Eastroc Beverage(605499)2024-07-12 03:15Financial Data and Key Indicators Changes - The company expects to achieve operating revenue of 7.86-8.08 billion yuan for H1 2024, representing a year-on-year growth of 43.95%-47.98% [3] - The projected net profit attributable to shareholders is 1.60-1.73 billion yuan, with a year-on-year increase of 44.39%-56.12% [3] - For Q2 2024, the expected operating revenue is 4.38-4.60 billion yuan, showing a year-on-year growth of 47.44%-54.84% [3] - The expected net profit for Q2 2024 is 936-1,066 million yuan, indicating a year-on-year increase of 53.24%-74.53% [3] Business Line Data and Key Indicators Changes - The main business continues to exceed expectations, attributed to the investment in freezers and national expansion [3] - The number of retail outlets has increased to nearly 4 million, contributing to sales growth [3] - The introduction of new products, such as "Bup Shui La," has positively impacted sales performance [3] Market Data and Key Indicators Changes - The company has expanded its market reach, enhancing its channel capabilities and increasing product repurchase rates [3] - The performance of "Bup Shui La" is expected to meet annual targets ahead of schedule, indicating strong market demand [3] Company Strategy and Development Direction - The company is focused on expanding its production capacity and enhancing its national distribution network [3] - The strategy includes improving product offerings and maintaining cost control to enhance profitability [3] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's growth trajectory, citing strong consumer demand and effective cost management [3] - The company anticipates continued revenue and profit growth in the coming years, supported by strategic investments and market expansion [3] Other Important Information - The company maintains a "Buy" rating, reflecting its strong performance and growth potential [1] - Risks include food safety concerns, raw material price fluctuations, and seasonal demand variations [4] Q&A Session Summary Question: What are the expectations for revenue growth in the coming years? - The company projects revenue growth of 37.60% in 2024, followed by 29.43% in 2025 and 26.22% in 2026 [4] Question: How is the company managing costs amid rising raw material prices? - Management indicated that cost control measures and improved operational efficiency are key to maintaining profitability despite cost pressures [3]