"Anhui Gujing Distillery", the leading brand of Huaijiu, achieved performance in line with expectations in the first half of the year, with a year-on-year decrease in contractual liabilities of nearly 30% | Interpretation of financial report
In the first half of the year, Anhui Gujing Distillery's performance met the expectations of most brokerages and achieved the revenue growth target set at the beginning of the year. In the first half of the year, the ton price of Gujing Distillery's vintage raw juice series increased by 5.56% year-on-year, while the ton price of Gujing Distillery's series products remained stable, and the ton price of Huanghelou and other products increased by 22.34% year-on-year. As of the end of June this year, Anhui Gujing Distillery's contract liabilities amounted to 2.218 billion yuan, a decrease of 26.68% year-on-year.
Luzhou Laojiao's net profit growth in the first half of the year was lower than most brokerage forecasts, while its core product Guojiao 1573 still has a "price inversion".
①The net income growth of Luzhou Laojiao in H1 2024 is lower than the estimates of most brokerages, while the revenue growth rate is in line with the company's target guidance at the beginning of the year. ②In Q2 of this year, the net income attributable to the mother of Luzhou Laojiao increased by only 2.24% compared to the same period last year, and the performance was far from satisfactory. ③Currently, the wholesale price of Luzhou Laojiao is 870 yuan/bottle, which has slightly increased compared to the beginning of the year, but it is still in a "backward" state compared to the dealer's payment price of 980 yuan/bottle.
Chongqing Fuling Zhacai Group's H1 revenue and net profit both declined, with accounts receivable surging 8 times compared to the previous year-end in a bid to grab market share. Interpretations of financial reports.
① In the first half of the year, chongqing fuling zhacai group's revenue and net income both declined. ② In order to increase the market share of its products, the company provided moderate credit limits to major customers, resulting in a 837.72% increase in accounts receivable at the end of the period compared to the previous year-end. ③ The company optimized and adjusted its organizational structure to maximize efficiency.
Foshan Haitian Flavouring and Food's H1 performance growth rate basically meets the annual plan. The online growth rate is higher than the offline growth rate.|Interpretation of financial report
①"Jiang Mao" Foshan Haitian Flavouring and Food is regaining growth, achieving double growth in performance in the first half of the year after experiencing a double decline in revenue and net profit last year. ②According to a reporter from Cailian Press, online sales of condiments in the first half of the year may be better than the overall large cap market, and the condiment market is presenting structural opportunities, with the increasing importance of the online market.
In the first half of the year, guangzhou restaurant group saw an increase in revenue but not in profits. This was due to the increase in market channel investment costs and expenses for new store openings. | Interpretations
①Guangzhou Restaurant Group increased revenue but did not increase profitability in the first half of this year. ②Guangzhou Restaurant Group stated that the increase in expenses for market channels and other costs invested by the company has contributed to sales; the profitability indicators were also affected by the expenditure on decoration and opening fees for newly opened dining establishments.
Condiment giant encounters a "sour" situation: jiangsu hengshun vinegar-industry performance declines significantly different from stock incentive goals|interpretations
① After the decline in performance last year, Jiangsu Hengshun Vinegar-Industry experienced a double decline in revenue and net profit in the first half of this year; ② In the stock incentive plan, the company has set performance targets of annual revenue growth of over 10% and profit growth of over 9% for 2024-2026, but the actual performance has a significant gap; ③ The company's holdings of "guoquan" stocks resulted in an investment loss of -25.1907 million RMB in the first half of the year.