On October 22, The yellow wine leader Guyue Longshan (600059.SH) released its third quarterly report, achieving operating income of 1.098 billion yuan from January to September, an increase of 27.75% year-on-year; net profit was 128 million yuan, an increase of 48.53% year-on-year.
Q3 single-quarter operating income was 334 million yuan, an increase of 19.16% year-on-year, and net profit was 39.417 million yuan, an increase of 110.39% year-on-year.
From the perspective of cash flow, the net cash flow from operating activities lost 179 million yuan, up 19% year-on-year; monetary funds rose by 52.22%.
For the sharp increase in monetary funds, Guyue Longshan said that it was mainly due to the increase in sales revenue and the availability of funds raised from the non-public issuance of shares.
As of September 30, 2021, the total number of common shareholders was 91,000, a decrease of 2,339 or 2.51% from the previous period (June 30, 2021).
According to the operating data released on the same day, the sales revenue of Guyue Longshan's medium and high-grade liquor from January to September was 746 million yuan, an increase of 32.45% year-on-year; the income of ordinary liquor increased by 10.37% year-on-year.
From the perspective of regional market conditions, from January to September, the growth rate of Guyue Longshan Shanghai, Zhejiang, Jiangsu and other four major markets reached less than 20%, and only international sales fell by -1.05%.
This article originated from Blue Whale Finance
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