Eastroc Beverage Group (605499) Q4 2024 earnings summary

Executive summary

• Achieved revenue of ¥15.84 billion in 2024, up 40.63% year-over-year, with net profit attributable to shareholders at ¥3.33 billion, up 63.09% year-over-year, driven by strong sales growth and product innovation.

• Maintained leading market share in energy drinks, with flagship product sales volume share rising to 47.9% and sales value share to 34.9%.

• Expanded product portfolio with significant growth in electrolyte drinks (sales up 280.37%) and continued development in tea, coffee, and plant-based beverages.

• Enhanced national distribution, with over 3,000 distributors and nearly 4 million active retail outlets.

Financial highlights

• Revenue: ¥15.84 billion, up 40.63% year-over-year; net profit: ¥3.33 billion, up 63.09%.

• Operating cash flow: ¥5.79 billion, up 76.44% year-over-year.

• Gross margin improved to 44.82% (up 1.75 percentage points), mainly due to lower raw material costs.

• Basic and diluted EPS: ¥6.3974, up 63.09% year-over-year.

• Net assets attributable to shareholders: ¥7.69 billion, up 21.57% year-over-year.

Outlook and guidance

• Targets at least 20% growth in both revenue and net profit for 2025.

• Plans to deepen national and multi-channel strategy, accelerate product innovation, and expand international presence.

• Will continue to invest in digitalization, supply chain optimization, and talent development.