"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.
The pig market is recovering, and new hope liuhe has significantly reduced losses in the first half of the year. However, the fodder business is quietly under pressure. Interpretations of the financial report.
① The recovery of the pig market supported New Hope's significant reduction in losses in H1, and turned losses into profits in Q2. ② The company's fodder business is under pressure, with a 16% YoY decrease in revenue and a 0.79 percentage point decline in gross margin. ③ Some industry experts pointed out that pig prices are expected to remain high in the second half of the year, and the third and fourth quarters will be the main profit period for pig enterprises.
Dongpeng Beverage's performance in the first half of the year reached the upper limit of the forecast, intending to distribute a mid-term cash dividend of approximately 1 billion yuan. Interpretations
In the first half of the year, Dongpeng Beverage's revenue and net income increased by over 40% year-on-year, with net income reaching the upper limit of the previous forecast. The company plans to distribute a cash dividend of 25 yuan for every 10 shares.
Juewei Food Co., Ltd.: The number of stores decreased by nearly a thousand in the first half of the year, and the decrease in raw material costs helped boost net income | Interpretations
① Juewei Food Co.,Ltd.'s revenue in the first half of this year decreased by 9.73% year-on-year, while net profit increased by more than 20%. ② The price of raw materials decreased compared with the same period last year, and the company's cost of goods sold in the first half of the year decreased by 17.95% 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.