CPMC Holdings (906) investor relations material

Executive summary

• Sales revenue for the six months ended 30 June 2024 was RMB5,548 million, up 4.8% year-over-year, with net profit at RMB275 million, a 1.2% increase from the prior year.

• Gross profit margin improved to 16.1% from 15.0% year-over-year, mainly due to scale growth and cost reduction.

• No interim dividend declared for 2024, compared to RMB0.122 per share in 2023, due to ongoing offer process.

• Aluminium packaging accounted for 52.4% of sales, tinplate packaging 41.1%, and plastic packaging 6.5%.

Financial highlights

• EBITDA increased to RMB736.1 million (up from RMB573.5 million year-over-year).

• Earnings per share: RMB0.240 (down from RMB0.245 year-over-year).

• Net assets: RMB6,163 million (up from RMB5,928 million at year-end 2023).

• Cash and cash equivalents stood at RMB2,233 million as of 30 June 2024.

• Finance costs increased 39.1% to RMB141 million due to higher exchange rates and financing costs.

Outlook and guidance

• The company expects continued growth driven by consumption recovery, green policies, and holiday demand, but faces industry challenges from weak global growth and shifting consumer demand.

• Plans to adopt aggressive sales strategies, strengthen customer relationships, and leverage multi-product portfolios.

• Focus on innovation, digitalization, and cost control to enhance competitiveness and investment returns.