utstanding performance! China Tobacco Hong Kong’s net profit attributable to parent company is expected to surge by more than 50% in 2023

utstanding performance! China Tobacco Hong Kong’s net profit attributable to parent company is expected to surge by more than 50% in 2023

On December 20, China Tobacco Hong Kong (06055.HK) released a positive profit announcement for the full year of 2023. According to the announcement, China Tobacco Hong Kong and its subsidiaries (hereinafter referred to as the "Group") are expected to record a revenue increase of not less than 45% for the year ending December 31, 2023, and an increase in profits attributable to the owners of the company. at 50%.

The announcement pointed out that the group's performance growth mainly benefited from three aspects. First of all, tobacco leaves whose shipment was delayed due to the epidemic have gradually arrived in Hong Kong this year. In addition, the overall sales unit price this year has increased compared with last year, which has led to an increase in the revenue and gross profit of the group's tobacco leaf product import business this year. Secondly, during the period, the number of cross-border tourists gradually increased due to the gradual lifting of global epidemic prevention and control measures, and the recovery of consumer flow in duty-free shops within the group's operating areas led to a relatively substantial growth in the cigarette export business. In addition, due to the impact of the pace of cargo shipments, the sales of tobacco leaf by-products with higher gross profit levels have increased significantly year-on-year. This change has led to a significant increase in the revenue and gross profit of the Group's Brazilian operating business.

As the only listed company under China Tobacco with its main tobacco business, China Tobacco Hong Kong has always adhered to the strategic positioning of "capital operation platform" and "international business expansion platform". The group's performance has maintained steady growth for a long time, and its financial indicators have performed well. The amount of dividends paid It also shows a steady and rising trend. It is believed that the Group will continue to actively seize market opportunities in the future, adhere to the two-wheel drive development strategy of extension and endogenization, and create more value for shareholders.
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