Yangyuan Beverage recently disclosed its annual report for 2023. In 2023, the company attained a total business income of approximately 852.3 million dollars, an increase of 4.03% compared to the previous year; the net profit attributable to the parent company was approximately 203 million dollars, a decrease of 0.46% year-on-year. Looking at the products, the business incomes for Yangyuan Beverage’s walnut milk, functional drinks, and other plant-based drinks in 2023 were approximately 789.8 million dollars, 61.9 million dollars, and 182 thousand dollars respectively. The gross profit margins for these products were 47.04%, 28.39%, and 40.84% respectively. (Source: Tencent News)
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