Teway Food released its 2024 annual performance, with a net profit attributable to the parent company of 625 million yuan, a year-on-year increase of 36.77%

According to the Zhitong Finance APP, Teway Food (603317.SH) disclosed its 2024 annual report, reporting revenue of 3.476 billion yuan for the reporting period, a year-on-year increase of 10.41%; net profit attributable to shareholders was 625 million yuan, a year-on-year increase of 36.77%; net profit excluding non-recurring items was 566 million yuan, a year-on-year increase of 40%; basic earnings per share were 0.5926 yuan. The company plans to distribute a cash dividend of 5.5 yuan (including tax) for every 10 shares to all shareholders.

The company promotes cost reduction and efficiency enhancement through supply chain optimization, digital upgrades, and management mechanism reforms in multiple dimensions. 1) Supply chain cost optimization: Achieving cost savings through measures such as locking prices and quantities with large orders, innovating the centralized procurement mechanism for packaging materials, and optimizing raw material grades; 2) Digital upgrade efficiency enhancement: Improving operational efficiency and agility by building an integrated marketing platform, a finance and business integration system, a paperless supply chain project, and intelligent quality control, enabling quick responses to market changes, reducing operational costs, and helping the company achieve leapfrog development from "experience-driven" to "data-driven"; 3) Management mechanism reform: Focusing on strategic projects to ensure precise resource allocation. By analyzing budgets and optimizing processes, the company strictly controls ineffective expenditure. Performance-oriented incentives are implemented, promoting a "high goals - high responsibility - high performance - high incentives" mechanism to stimulate organizational effectiveness. Management expenses have been further optimized