Tibet Water Resources (01115) disclosed the 2023 annual results announcement. The group achieved revenue of 314 million during the reporting period...
According to the Zhitong Finance App, Tibet Water Resources (01115) disclosed the 2023 annual results announcement. The group achieved revenue of 314 million yuan (RMB, same below) during the reporting period, an increase of 0.8% over the previous year. Gross profit of 776.14 million yuan, gross profit margin 24.7%.
During the reporting period, the Group's main market channels for packaged drinking water products, including aviation, hotels, cinemas, restaurants and entertainment venues, all rebounded across the board. Sales increased significantly by 51%, and revenue increased by 32.9% year-on-year. The beer business has further implemented a strategy to enhance its own brand. The main revenue comes from the Qingli beer category, which accounts for 87% of the beer business revenue. At the same time, market segments consumers and actively develops and enriches product categories such as non-barley “Tibetan beer” to create differentiated market positions. Based on strategic measures, the share of cooperative products in total sales was reduced from 43% in 2022 to 0.1% in 2023.