BK0931 Liquor Ⅱ
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Jiangsu Yanghe Brewery Joint-Stock Chairman of the Board of Directors: We need to reflect on our slower revenue growth compared to our peers in the province. This year we will focus on our home turf.| Live report on shareholder meeting
① The dividend rate of Yanghe Co., Ltd. has increased to 70% this year, which is the highest level in the industry. Chairman Zhang Liandong said that in the future, he will actively consider increasing dividends without affecting the healthy development of the enterprise. ② Zhang Liandong said that this year the company adapts to its own pace and takes the initiative to slow down, but it will also “have goals and ambitions.” ③ Zhang Liandong said that the domestic market in Jiangsu Province is not doing well, and internal reflection is needed. This year, the focus will be on the Jiangsu base market.
Northbound funds report large buy orders: kweichow moutai suffers a net sell of 1.319 billion yuan.
On June 7th, Northbound funds sold a net of 705 million yuan throughout the day, after two consecutive days of net buying.
Facing weak consumer demand and intensified competition, Sichuan Swellfun stated that they will not force their products into sales channels. | Live coverage of the shareholder meeting.
Sichuan Swellfun plans to double down on the "Zhen Niang No. 8" product this year, while launching the "Water Well" series of products for around 200 yuan to expand the product line. Company chairman Fan Xiangfu revealed that the recruitment of the company's general manager has entered the later stage. The company stated that it is very concerned about the investigation results of PwC and has contingency plans to ensure normal operations will not be affected.
A rare public offering was fined. Special accounts were held accountable for disclosing information on holdings reduction for more than a month, and old news about holdings reduction two years ago was uncovered
① A rare public offering was alerted by regulation. What happened? ② Golden Seed Liquor's announcement uncovered the “lid” for asset management products under the Xinhua Fund to reduce holdings in violation of regulations; ③ Public equity disclosure and internal control were the hardest hit areas of supervision and punishment.
Over 1,700 people attended! After being in charge of Maotai Group Shuai Yin for 30 days, “new coach” Zhang Deqin responded to these questions at the company's shareholders' meeting | Direct access to the shareholders' meeting
① Zhang Deqin did not give a clear answer to the shareholders' biggest concern about increasing dividends; he only stated that the interests of the majority state-owned shareholders and Maotai's small and medium shareholders were the same; ② After taking office as Chairman of Maotai, Zhang Deqin said that competition between Xi Jiu and Maotai will intensify in the future; ③ In response to the price increase issue, Zhang Deqin said that to comprehensively consider the consumer environment and market sustainability, the company will carefully study and carefully investigate to make a judgment.
The quarterly adjustment of the MSCI Index excludes 15 Hong Kong stocks. The effective date is scheduled for early June
① Which individual stocks will MSCI China adjust quarterly? ② How much impact does the MSCI Index have on the market?
Maotai Group Zhang Deqin: The dealer is Maotai's family and will continue to be respected and cared for in the future
On May 10, Zhang Deqin, Party Secretary and Chairman of the Maotai Group, hosted a symposium for dealers in the three provinces of Kweichow, Moutai, Zhejiang, Fujian, and Jiangsu in Hangzhou; it was mentioned that “dealers are Maotai's family and are an important support for Maotai's growth.” Dealers have done a great deal of work and are an indispensable key force in Maotai.
Northbound Capital Purchase Report: IFF received net sales of 305 million yuan
On May 7, Northbound Capital sold a net sale of 2.14 billion yuan throughout the day. Among them, IFF received net sales of 305 million yuan, and Kweichow Moutai bucked the trend and received a net purchase of 1,079 million yuan.
Nearly 20 companies issued announcements in unison, and a wave of holdings reduction was concentrated! Leading semiconductor stocks are on the list
① Seven companies, including Jinhui Liquor, Fengyuan Co., Ltd., Babycare, United Water, Guizhou Gas, Zhuojin Co., Ltd., and Zhongman Petroleum, plan to reduce their holdings by no more than 3%. ② Star Semiconductor, the leading semiconductor stock, plans to reduce its holdings by the highest market value.
[Data on the market] 3 billion! Northbound set a record increase in Kweichow Moutai and several Dongcai Lhasa sales departments scramble to raise shares in Zhengdan
① Kweichow Moutai received a net purchase of 3.61 billion dollars from northbound capital, setting a single-day net purchase record for the stock from Shanghai Stock Connect. ② According to data from the Dragon Tiger List, four of the top five seats purchased by Zhengdan Co., Ltd., a popular leader in the chemical sector, were Dongfang Wealth's Lhasa sales department. In addition, the stock was sold for nearly 40 million in quantitative seats.
“Huijiu Laosan” Kouzijiao's net profit growth rate last year was close to brokers' expectations, a sharp increase in management expenses dragged down performance|Financial Report Interpretation
① The growth rate of “Huijiu Laosan” Kouzijiao's performance last year met the company's requirements to lift the first phase of equity incentives last year. ② Kouzijiao's net profit last year was close to brokers' expectations. Previously, the brokers' lowest forecast value for the company's net profit for 2023 was 1,784 billion yuan. ③ Last year, Kouzijiao's management expenses surged by 51.95%, which dragged down the net profit growth rate lower than the revenue growth rate during the same period.
Maotai changed hands! “Old Maotai native” Zhang Deqin was reassigned as chairman and is considered a “doer”
① Kweichow Moutai announced that according to relevant documents of the Guizhou Provincial People's Government, Zhang Deqin was recommended as the chairman of the company, and that Ding Xiongjun no longer hold the position of chairman and director of the company. ② Before taking over Maotai, Zhang Deqin was the chairman of Guizhou Xijiu. Earlier, he worked for the Maotai Group for more than 10 years and was an “old Maotai native.” ③ Some people in the industry believe that Zhang Deqin may fine-tune some policies, but the strategy for Maotai University will not change.
The net profit of “Sijiu Laojiu” is slightly less than that of last year's net profit most brokerage firms estimate a decline in this year's performance target growth rate | Financial Report Interpretation
① “Su Jiu Laoji”'s 2023 performance “hit the line”, and the net profit fell slightly short of most brokers' expectations; ② The company's operating target in '24 was about 12.2 billion yuan, net profit of about 3.7 billion yuan, and the target growth rate of revenue and net profit declined markedly; ③ Currently, Shiyuan's dependence on the Jiangsu market is still close to 93%, and the company has a long way to go to nationalize.
“Huijiu Boss” Gujing Gongjiu's Performance Slightly Exceeds Estimates This Year's Total Profit Target Growth Rate Decline | Annual Report Interpretation
① Benefiting from the sharp rise in volume and price of the core product, Gujing Gongjiu's net profit last year slightly exceeded most brokers' estimates. ② The revenue growth target for Gujing Gongjiu this year is 20.72%, which is basically the same as last year, but the total profit growth target has declined. ③ The indirect shareholder of Gujing Gongjiu, Anhui Guohou Asset Management Co., Ltd. faces certain liquidity problems, but it is not expected to affect the normal operation of the company.
Luzhou Laojiao's performance last year was in line with most brokers' expectations that this year's revenue growth target is still 15%
① Luzhou Laojiao's net profit last year was in line with most brokers' estimates. This year's operating target is still a 15% increase in revenue, which is in line with last year. ② Last year, Luzhou Laojiao raised the price of Guojiao's 1573 and 60 special songs; the tonnage price of the company's high-end products surged 19.79%. ③ Since this year, the overall price trend of Guojiao 1573 has declined, and it is still “inverted” compared to the dealer settlement price of 980 yuan/bottle.
reassurance pills? Kweichow Moutai's Q1 revenue growth rate exceeds the annual target growth rate of the annual guideline series wine series may be 20% | Financial Report Interpretation
① Kweichow Moutai's Q1 revenue growth rate reached 18.04%, exceeding the annual 15% revenue growth guideline. ② Analysts said, “Maotai's quarterly performance growth rate is in line with expectations, but the net profit growth rate is slower than revenue growth, which is slightly lower than expected.” ③ The proportion of direct sales channels in Kweichow Moutai declined in Q1 this year, breaking the trend that had continued to rise previously.
“Huijiu Laoji” welcomed Gong Jiu to complete last year's target, and this year's target growth rate may be above 30% | Annual Report Interpretation
① Yingjiagongjiu's net profit of 2,288 billion yuan last year was basically in line with brokers' estimates and reached the company's previous target; ② The company's strategy for expansion outside the province progressed poorly, and its dependence on the Anhui domestic market increased to about 70%; ③ did not give specific guidance on this year's business goals; it is only called “achieving double-digit growth in business performance”. However, the Finance Association reporter learned that the company's target growth rate may be above 30% this year.
Zhang Kun's quarterly report results released: oil stocks rose to the top heavy stock, reduced Maotai's positions, and increased Ali's holdings
Zhang Kun emphasized that long-term growth is the core of high-quality stocks, and encouraged investors to seek investment opportunities with the potential for continued growth.
Huazhi Liquor Store's net profit last year fell short of brokers' estimates that Maotai and Wuliangye increased prices, putting pressure on profits | Annual Report Interpretation
① Huazhi Liquor's net profit last year fell short of brokers' expectations. Net profit to mother was 235 million yuan, down 35.78% year on year ② Last year, Huazhi Liquor's gross margin fell to single digits, only 9.24%, down 3.73 percentage points year on year
Northbound Capital Purchase Report: Kweichow Moutai received a net sale of 846 million yuan
Northbound Capital had a significant net sale of 6.49 billion yuan today, a net sale for 4 consecutive trading days.