HONG KONG SAR – Media OutReach – September 5, 2023 – ZJLD Group Inc. (“ZJLD” or the “Company”, together with the Company’s subsidiaries, collectively the “Group”; stock code SEHK: 06979. HK), the fourth largest baijiu company in China, is pleased to announce that ZJLD has been included in the Hang Seng Composite Index, Hang Seng Consumer Index, Hang Seng Connect Hong Kong Index, Hang Seng Connect Hong Kong Index MidCap & SmallCap, Hang Seng Large-Mid Cap Index (Investable), Hang Seng SCHK Mainland China Companies Index, Hang Seng SCHK Consumer Index, Hang Seng SCHK Consumer Index (Investable), the Hang Seng SCHK Consumer Staples Index and the Hang Seng SCHK Consumer Staples (Investable) Index starting today.
On August 18, Hang Seng Indexes Company Limited (“Hang Seng Indexes”) announced the results of its quarterly index review, based on the benchmark index (Hong Kong market) as of June 30, 2023. In total, 27 companies were removed, while 22 qualified companies, including ZJLD, were included in the Hang Seng Composite Index. From today, ZJLD has been officially allowed for mainland Chinese investors to trade through the “Hong Kong Stock Connect”. Both the Shenzhen Stock Exchange and the Shanghai Stock Exchange have included ZJLD as eligible investment targets for the “Shenzhen-Hong Kong Stock Connect” and “Shanghai-Hong Kong Connect” programs. The company was officially listed on the Hong Kong Stock Exchange on April 27, with a total fundraising amount of approximately HK$5.31 billion, making it “the first baijiu stock listed in Hong Kong.” Kong and outside China and the second sauce-flavored baijiu stock being publicly listed.” listed.” Within six months of its listing, the Company was included as a constituent stock of the Hang Seng Indices, indicating that the Group’s strong financial fundamentals, investment value and liquidity have received attention and significant recognition from domestic and foreign capital markets.
The Group recently announced its half-year results for the 2023 financial year (for the six months ended June 30, 2023, or the “Period”). Leverage its strategic brand premiumization initiatives to optimize the product portfolio and invested resources to accelerate and promote direct sales and complete sales. The Group’s baijiu sales increased by approximately RMB 457.98 million, up 15.0% from the same period in 2022, with adjusted net profit (non-IFRS measurement) reaching approximately RMB 803 million, or a year-over-year increase of approximately 22.0. %. The flagship brand, Zhen Jiu, launched three new baijiu “no packaging” (光瓶酒) products in the luxury and high-end price ranges, which elicited significant market response and contributed impressively to the revenue growth during the period.
Alongside the growing popularity of baijiu flavor sauce in China and growing consumer preferences for premiumization, the Group has opportunely capitalized on favorable market trends to increase its production capacity. Currently, the Group has seven production sites in China. Through continued expansion of production capacity, the Group is able to secure an adequate supply of vintage baijiu and base alcohol to achieve maximum product premiumization while enriching its product portfolio, strengthening its competitiveness and responding to growing market demand. for luxury products and above baijiu, thus consolidating its profitability.
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The issuer is solely responsible for the content of this announcement.
