Assistant to the President of Huachuang Securities and Director of Advantage Research Institute said: The performance report of Kweichow Moutai 202 1 is in line with everyone's forecast. This performance report shows that Kweichow Moutai has achieved the overall goal of double-digit growth and maintained the overall sustainable growth trend of the company. Cai, financial consultant manager and pure grain and wine investment analyst, also said.
In addition, Kweichow Moutai is still the biggest awkward stock of foreign-funded enterprises at this stage. Kweichow Moutai is expected to increase its net profit by 1 1.3%. Kweichow Moutai expects the total operating income in 20021year to reach 109 billion yuan, up about11.2% year-on-year; It is estimated that the net profit returned to the mother will reach 52 billion yuan, up about 1 1.3% year-on-year.
The growth rate of sales performance of Kweichow Moutai 202 1 is not high, but considering that the growth rate of sales performance of Kweichow Moutai 202 1 in the first three quarters is only about 10%, this performance table has long been in line with external estimates. 65438+February 3 1, many pure grain and wine investment analysts expressed the above views to Bian Xiao.
202 1 In the first and fourth quarters, the total operating income of Kweichow Moutai was about 319.47 million yuan, an increase of 12.42% over the same period of the company. The net profit of returning to the mother was 65.438+04.734 billion yuan, a year-on-year increase of 654.38+04.48%. Compared with the third quarter of 20021,the growth rate of this sales performance has rebounded.
Judging from the good financial report, the product structure of Kweichow Moutai 202 1 is further improved, the potential of major well-known brands and series of wine brands is further enhanced, and the company's market share is still very strong. Cai told the Business Daily reporter.
Specifically, in recent years, Kweichow Moutai has been vigorously promoting Maotai series products, hoping to complete the integration of the two wings. According to the recent announcement, the estimated operating income of Kweichow Moutai series wine 202 1 is about 654.38+0.26 billion yuan, up about 26. 1 1% year-on-year. In 20021year, Maotai's estimated operating income is about 93.2 billion yuan, up about 9.87% year-on-year.
Maotai base liquor increased by more than 10% in 2022. Cai said: Maotai has achieved the overall goal of long-term price control by increasing the capacity of base wine. Because Kweichow Moutai doesn't sell new wine, the Moutai sold in the market now is brewed from the base wine produced a few years ago. The base wine produced now has to be stored for years before it can be sold in the market. The sales market usually calculates the current supply according to the base wine produced by Maotai many years ago.
In the case that the supply of Maotai is in short supply, the increase in the sales volume of Maotai will immediately promote sales performance. According to the recent calculation of Huachuang Securities, the available base liquor of Maotai will increase by 40,000 tons in 2022, with a year-on-year increase of more than 10%. The accumulation of Moutai sales model is expected to exceed the growth rate of sales performance in 202 1 year.
In terms of sales market, CICC's research report shows that in 20021,foreign-funded enterprises in the food industry sold more, but at this stage, Kweichow Moutai is still the largest awkward stock of foreign-funded enterprises, with a total market value exceeding19 billion yuan, followed by companies such as Ningde period and Midea.