002304 Jiangsu Yanghe Brewery Joint-Stock
- 94.01
- -0.15-0.16%
Jiangsu Yanghe Brewery Joint-Stock News
Yanghe Co., Ltd. (002304.SZ): The cash dividend rate has remained stable at around 60% in the past three years and has accumulated cash dividends of 42.3 billion yuan
Gelonghui, May 21丨Yanghe Co., Ltd. (002304.SZ) said on the investor interactive platform that the company attaches great importance to shareholder returns, has paid cash dividends every year since listing, and has distributed a total cash dividend of 42.3 billion yuan (before tax). The cash dividend rate has remained stable at around 60% for the past three years. In order to further share development results with shareholders, the company's 2023 dividend plan is to distribute a cash dividend of 46.60 yuan for every 10 shares to all shareholders, totaling 7.020 billion yuan in cash. The dividend amount accounts for 70.09% of the net profit attributable to shareholders of listed companies during the period.
Research Report Nuggets丨Haitong Securities: Maintaining the “superior to the market” rating of Yanghe shares, with a reasonable value of 116.97-146.22 yuan
According to the Haitong Securities Research Report, in '23, Yanghe Co., Ltd. (002304.SZ) liquor revenue was +10.4% (volume -14.9%, price +29.8%); among them, revenue from medium to high-end alcohol was +8.8%, and revenue from ordinary alcohol was +20.7% year-on-year, believing or benefiting from the rapid growth of the Shuanggou brand. The company's cash flow performance was good, with 23Q4+24Q1 sales payback/operating net cash flow +13.0%/+10.5%, respectively. In '24, the company will focus on the goal of “deepening the base business and deepening nationalization”, promote channel sinking and refined operation, and use digital marketing tools to focus on the goal of “deepening the base business and deepening nationalization”
Yanghe Co., Ltd. (002304): Increased cash dividend ratio, short-term pressure on the profit side of Q1
Incidents. The company released its 2023 annual report: in 2023, the company achieved total operating revenue of 33.126 billion yuan, +10.0% year-on-year, and net profit to mother of 10.016 billion yuan, +6.8% year-on-year, of which Q4 was a single quarter
Liquor stocks generally recovered. Yingjiagongjiu, Shuijingfang, and Shede Liquor all fell by more than 2%, while Gujing Gongjiu and Yanghe shares fell more than 1%.
Liquor stocks generally recovered. Yingjiagongjiu, Shuijingfang, and Shede Liquor all fell by more than 2%, while Gujing Gongjiu and Yanghe shares fell more than 1%.
Yanghe Co., Ltd. (002304): Increased dividend ratio and steady operating pace
Incident: The company released its annual report for the year 23 and the quarterly report for '24, and achieved revenue of 33.126 billion yuan, +10.04% year over year; net profit to mother was 10.016 billion yuan, +6.80% year over year. Of these, 23Q
Yanghe Co., Ltd. (002304) Annual Report and Quarterly Report Review: Revenue and profit are basically in line with expectations, waiting for the industry to pick up
Event: The company released its 2023 annual report and 2024 quarterly report. In 2023/2024Q1, the company achieved operating revenue of 331.26/16.255 billion yuan, respectively, an increase of 10.04% /8.
Yanghe Co., Ltd. (002304): Operation was under pressure during the adjustment period and still needs to be improved
Event: The company released its 2023 Annual Report and 2024 Quarterly Report. In 2023, the company achieved revenue of 33.126 billion yuan, an increase of 10.0%, and net profit to mother of 10.016 billion yuan, an increase of 6.8%; 20
Yanghe Co., Ltd. (002304): Dividend rate increased in 2023, stable operation in the first quarter of 2024
2023Q4 revenue was under pressure during the profit phase, and 2024Q1 was operating smoothly. In 2023, we achieved total operating income of 33.126 billion yuan, +10.04% year-on-year; net profit to mother of 10.016 billion yuan, +6.
Yanghe Co., Ltd. (002304): The dividend rate increased in '23 and started smoothly in '24
Incident: Yanghe Co., Ltd. released its 2023 annual report and 2014 quarterly report. It achieved total revenue of 33.126 billion yuan in 23, an increase of 10.04% over the previous year, and net profit to mother of 10.016 billion yuan, an increase of 6.80% over the previous year
Yanghe Co., Ltd. (002304): Steady growth in performance, significant increase in dividend rate
Event: On April 27, 2024, Yanghe Co., Ltd. released its 2023 annual report and 2024 quarterly report. In 2023, the company achieved operating income of 33.126 billion yuan, +10.04% year-on-year; achieved net return to mother
Yanghe Co., Ltd. (002304) Company Information Update Report: Steady Revenue Growth, Dividend Rates Are Attractive
The company's business development is steady, and the dividend ratio has increased. Maintaining the “increase in holdings” rating, achieving operating income of 33.126 billion yuan in 2023, an increase of 10.04% over the previous year; net profit to mother was 10.016 billion yuan, an increase of 6.80 billion yuan over the previous year
Yanghe Co., Ltd. (002304): Stable basic market dividend benefits increased
Incident 1: The company released its 2023 annual report. In 2023, the company achieved operating income of 33.126 billion yuan, an increase of 10.04% over the previous year, and achieved net profit of 10.016 billion yuan to mother, an increase of 6.80% over the previous year. Thing
Yanghe Co., Ltd. (002304): Steady growth in operations, increase in dividends
Key investment events: 2023 revenue/net profit to mother was 331.3/10.02 billion yuan, respectively, +10.0%/+6.8% YoY. 2024Q1 Revenue/ Net Profit to Mother 162.5/60
Yanghe Co., Ltd. (002304): The target of high dividend rates in the liquor sector
Incident: The company released the 2023 annual report and the 2024 quarterly report. Among them, the company achieved operating income of 33.13 billion yuan in 2023, +10.0% year on year; net profit to mother of 10.02 billion yuan, +6 year on year.
Yanghe Co., Ltd. (002304) 2023 Report and 2024 Quarterly Report Comments: Structural Pressure Expects Stable Performance Center
Guide to this report: The company's 23Q4 and 24Q1 performance fell short of expectations, mainly due to the settling of the product structure in the latter half of the industrial cycle; the company's nominal high dividends accompanied the stability of the performance growth center, and the pricing logic changed to a pan-stable asset, and the valuation is expected
Yanghe Co., Ltd. (002304): Steady growth in revenue and improvement in dividend ratio
Incident Overview The company achieved revenue of 33.13 billion yuan in 2023, +10% year-on-year, net profit to mother of 10.02 billion yuan, +6.8% year-on-year, and net profit after deducting non-return to mother of 9.843 billion yuan, +6.1% year-on-year. Based on this
Yanghe Co., Ltd. (002304): Cash flow performance is improving, operating quality is steady
Core idea Since 2023, the company has adjusted its market strategy, actively promoted the decline and consumption cultivation outside the province, maintained the price market for large single products within the province, increased consumer-oriented expenses such as code scanning, red envelopes, banquet support, etc., and optimized the product structure and tonnage price increase, 23
Yanghe Co., Ltd. (002304): Structural pressure is expected to stabilize the performance center
Guide to this report: The company's 23Q4 and 24Q1 performance fell short of expectations, mainly due to the settling of the product structure in the latter half of the industrial cycle; the company's nominal high dividends accompanied the stability of the performance growth center, and the pricing logic changed to a pan-stable asset, and the valuation is expected
Yanghe Co., Ltd. (002304): The dividend rate has further increased, and growth outside the province is relatively steady
Incident: The company released its 2023 annual report and 2024 quarterly report. In 2023, it achieved total operating revenue of 33.13 billion yuan, +10.0% year on year, and realized net profit of 10.02 billion yuan to mother, +6.8% year on year; 2024
Yanghe Co., Ltd. (002304): The dividend rate reached a record high and waits for value to return
Incident: Yanghe Co., Ltd. released its 2023 annual report and 2024 quarterly report. In 2023, it achieved revenue of 33.126 billion yuan, +10.04% year-on-year, and net profit of 10.016 billion yuan to mother, +6.80% year-on-year
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