Brokerage Morning Meeting Highlights: Focus on low positions + resilience in the economic outlook during the consolidation period.
At today's Brokerage morning meeting, HTSC believes that the solidifying period should focus on low positions and resilient market directions; Everbright stated that downstream demand for organic silicon is steadily increasing, and the supply-demand pattern in the Industry is expected to improve; GTJA proposed that the enthusiasm for the Spring Sugar Hotel Exhibition has decreased, and the sales of Baijiu after the festival are stable.
Anhui Golden Seed Winery (600199.SH): DeepSeek has not been deployed yet.
On March 12, Gelonghui reported that Anhui Golden Seed Winery (600199.SH) stated on the interactive platform that the company has not yet deployed DeepSeek; the company will continue to pay attention to relevant cutting-edge technologies, actively understand, learn, and research the application of DeepSeek in technical research and development, product development, operation management, and other work scenarios. If it involves disclosure matters, the company will promptly fulfill its information disclosure obligations.
A-shares fluctuate丨Baijiu(Chinese Liquor) stocks rise sharply, Shanghai Guijiu hits the daily limit, Shanxi Xinghuacun Fen Wine Factory rises by 2.55%.
On February 13, according to Global Hong Kong, A-share Baijiu (Chinese Liquor) stocks rose, with Shanghai Guijiu reaching the daily limit, Anhui Golden Seed Winery and Gansu Huangtai Wine-Marketing Industry rising by 4%, Sichuan Swellfun rising by 3.66%, Shanxi Xinghuacun Fen Wine Factory rising by 2.55%, and Jiugui Liquor, Anhui Yingjia Distillery, Wuliangye Yibin, Luzhou Laojiao, and Kweichow Moutai following suit. In terms of news, Tianfeng pointed out that Baijiu valuations/emotions have entered a historically relative bottom range, with Fund Hold Positions hitting the bottom, suggesting attention to two major investment lines. It is expected that the Industry will show a coexistence of rationality & aggression/decreasing & upgrading of Consumer in 2025, and under potential policy & active consumption catalysis, the strong brand liquor companies that have deeply de-inventoried may gradually show improvement in performance.
Anhui Golden Seed Winery (600199): Increased expenses put pressure on profits, focus on the effects of subsequent reforms.
On January 16, 2025, Anhui Golden Seed Winery released a profit warning announcement for 2024. Investment highlights: performance below expectations, profit pressure clearly visible. According to the forecast, the net income attributable to the parent for 2024 is expected to be between -2.91 and -2.01.
Golden Seed Liquor: 2024 Annual Results Pre-loss Announcement
2024 Annual Results Advance Loss Announcement
Express News | Anhui Golden Seed Winery: Expected annual net income loss of 0.201 billion yuan to 0.291 billion yuan in 2024.
Express News | After Jinsha Liquor, will the anhui golden seed winery also undergo a major personnel change at the upper level? Relevant personnel from the anhui golden seed winery: Currently, no information has been received.
Express News | Baijiu sector surged abnormally, Anhui Golden Seed Winery hit the limit up straight.
Anhui Golden Seed Winery (600199): Revenue performance falls short of expectations, fundamental improvement still needs time.
Event: The company released its third quarter report for 2024, with revenue of 0.806 billion yuan for 2024 Q1-Q3, a year-on-year decrease of 24.90%; achieving a net income attributable to the mother of -99.526 million yuan, compared to - in the same period last year.
Third Quarter Report 2024
Announcement of key operating data for the third quarter of 2024
Express News | Anhui Golden Seed Winery: net loss of 0.111 billion yuan in the third quarter.
Express News | Anhui Golden Seed Winery: net income loss of 0.111 billion yuan in the third quarter.
Anhui Golden Seed Winery (600199): Increased investment expenses affecting profitability levels. During the reform period, the operation is under pressure. Focus on the long-term effects of the reform.
Event: The company released the third quarter report of 2024, with revenue of 0.806 billion yuan in 2024Q1-Q3, a year-on-year decrease of 24.9%; achieving a net income attributable to the parent company of -0.1 billion yuan, compared to -0.035 billion yuan in the same period last year; achieving deductions.
A-share baijiu stocks generally fell, shede spirits fell more than 4%.
October 24th, Shede Spirits fell more than 4%, Anhui Golden Seed Winery, Shanxi Xinghuacun Fen Wine Factory, Anhui Yingjia Distillery, Luzhou Laojiao, Jiugui Liquor, and others fell more than 2%.
Express News | 15 white liquor sector listed companies disclosed their semi-annual reports. Wuliangye, Shanxi Fenjiu, and Yanghe Shares, among others, saw a more than 50% decline in net profit in Q2 compared to the previous quarter.
Anhui Golden Seed Winery (600199): Increased expenses weighing down profits, but new products still have growth potential.
Event: The company achieved revenue of 0.667 billion in the first half of 24H1 (-13% year-on-year, same below), of which baijiu revenue was 0.552 billion (+12%), and net income attributable to shareholders was 0.011 billion (compared to -0.038 billion in the same period last year).
Anhui Golden Seed Winery (600199): Focus on the baijiu(chinese liquor) main business, performance in line with expectations.
Investment Highlights: Event: The company released its semi-annual report for the 24th year, with total operating income of 0.667 billion, a year-on-year decrease of 13.16%, and a net income attributable to shareholders of 0.011 billion, a year-on-year turnaround. Among them, Q2 of 24 achieved operating revenue
Anhui Golden Seed Winery (600199): Entering a pressure cycle, looking forward to the effectiveness of reform.
Event: The company released its 2024 interim report, achieving revenue of 0.67 billion yuan in the first half of the year, a decrease of 13.2%; net income attributable to the parent company was 0.01 billion yuan, compared to -0.038 billion in the same period last year; non-recurring net income attributable to the parent company was 0.004 billion yuan.