According to the three quarterly reports disclosed by the liquor on the evening of October 22, the company achieved operating income of 2.64 billion yuan in the first three quarters, an increase of 134.2% year-on-year; and achieved a net profit attributable to the shareholders of the listed company of 720 million yuan, an increase of 117.69% year-on-year. Among them, the operating income in the third quarter was 926 million yuan, an increase of 128.66% year-on-year; the net profit attributable to the shareholders of the listed company was 210 million yuan, an increase of 43.43% year-on-year.
Earlier, the relevant person in charge of the liquor said in an interview with CSI Jun: "During the reporting period, the company's team has strengthened in brand promotion, channel construction and terminal construction, and the performance growth is reasonable. ”
The performance continued to grow steadily, attracting the increase in the positions of star fund managers. According to the third quarterly report of the drunkard liquor, two funds under Hu Xinwei increased their positions in the company's stock in the third quarter.
Hu Xinwei's two funds increased their positions
According to the third quarterly report, as of the end of the reporting period, HuiTianfu Mid-cap Value Select Hybrid Securities Investment Fund held 4 million shares of liquor, accounting for 1.23% of the company's total share capital, an increase of 500,000 shares over the previous quarter; Huitianfu Consumer Industry Hybrid Securities Investment Fund held 3.2 million shares of liquor, accounting for 0.98% of the company's total share capital, an increase of 500,000 shares over the previous quarter. Hu Xinwei's two funds added a total of 1 million shares in the third quarter.
Image source: Company announcement
From the perspective of stock prices, the third quarter of the liquor stock price is relatively stable at a high level, although it fell by 24.73% in July, but it rose in August and September. In the third quarter, the stock price of alcoholic liquor fell by 2.81%.
Image source: Flush
In addition, in the third quarter, the number of alcoholic shareholders declined. As of September 30, the company had a total of 71,600 shareholders, down 14.35% from the previous month. As of October 22, the total market value of the liquor was 75.86 billion yuan, according to which the per capita stock market value of the shareholders of the liquor exceeded one million yuan.
Brokers are optimistic about the follow-up development
Many securities companies believe that the performance of the third quarter report of the drunkard liquor is in line with expectations or exceeds expectations. Looking forward to the future market, we are optimistic about the development of the company.
Guosen Securities believes that looking forward to the medium and long term, the performance of alcoholic liquor is still expected to continue the high growth trend. From the perspective of the industry, the prosperity of high-end and sub-high-end liquor is expected to continue. The situation of short supply of high-end high-end liquor will not change in the short term, the price of high-end liquor continues to rise to broaden the sub-high-end liquor price band, the upgrading of low-end liquor consumption has increased the consumption of sub-high-end liquor, and the scale of the sub-high-end liquor market is expected to continue to expand in the next two years.
From the company level, Guosen Securities said that the positioning of differentiated tulips and cultural liquor is the core guarantee for drunkards to take the road of high-end and nationalization. The company continues to promote the promotion of high-end brand value, product structure upgrading and deep ploughing of the national market, continues to promote the construction of model market and store system, the rapid advancement of the national prefecture-level city, and the national volume of internal reference series and drunkard series has also gradually accelerated, driving the company's revenue performance to continue to grow steadily.
Debon Securities said that the channel research feedback, the liquor of the internal control of the liquor in the province this year, still achieved more than 30% growth, the growth rate is much faster than other competitors in the province. From the perspective of the market outside the province, the internal reference continues to benefit from the rapid expansion of the price band of 1,000 yuan, and the development of the market outside the province is progressing well, and the revenue outside the province is expected to increase to about 45% in 2021, and the proportion target outside the province in the medium and long term will be increased to about 70%, and then realize the two-legged walk outside the province and outside the province.
Debon Securities said that in the third quarter, the internal ginseng wine completed the annual payment collection target ahead of schedule, continued to continue the high growth trend in the first half of the year, and is expected to achieve double growth throughout the year and create the fourth bottle of high-end liquor in the country. The sub-high-end alcoholic series continues to dig deep into the stock market in the province and achieve rapid growth in the four core markets outside the province. Subsequently, with the smooth production of new production capacity in 2024, it may greatly alleviate the production capacity bottleneck of alcoholic liquor.