Gelonghui, March 26, 丨 Shenguan Holdings (00829.HK) announced that for the year ended December 31, 2023, revenue increased by about 7.6% year-on-year to approximately RMB 1.11 billion. Profit attributable to owners of parent companies increased by about 32.6% year over year to approximately RMB 31.2 million per year. Basic earnings per share were RMB 1.0 cents.
The main reason for the increase is due to the easing of the COVID-19 epidemic and the shift in economic activity, a marked increase in the number of people spending or dining out, and the gradual introduction of high-end sausages into household consumption, leading to a rise in demand for products. With the development of new products completed one after another, the Group's process technology has become more mature, expanding the share of medium and large caliber products and entering the high-end product market, gradually meeting the needs of the meat enema industry to adjust the product structure. In addition, the Group continues to actively expand its sausage export business. Annual sausage export sales increased by 16.9%, and total sales of casings at home and abroad increased by about 9.0%.