Chongqing Brewery: Revenue growth rate in the first three quarters is far below the annual target, with a decline in revenue from high-end products | Interpretations
1. Chongqing Brewery's revenue in the first three quarters increased by 0.26% year-on-year, falling short of the target guidance set at the beginning of the year. The company may not be able to meet this year's revenue expectations. 2. Sales of Chongqing Brewery's high-end products declined in the first three quarters, while sales of mainstream products remained stable, posing challenges to the company's high-end global strategy. 3. Some dealers have reflected that certain high-end products of Chongqing Brewery are difficult to sell, and there are instances of "indirect" bundling behavior.
"Sujiu Laoer", jiangsu king's luck brewery joint-stock Q3 performance falls short of expectations, with a nearly 60% year-on-year decrease in contract liabilities. | Interpretations of the financial report
①Jiangsu King's Luck Brewery Joint-Stock achieved double-digit growth in performance in the first three quarters, but did not meet the company's previously announced revenue and net income growth targets; ②Looking at Q3 alone, Jiangsu King's Luck Brewery Joint-Stock's net income attributable to shareholders increased by only 6.61% year-on-year, falling short of the expectations of most brokerage firms; ③Jiangsu King's Luck Brewery Joint-Stock announced externally that its revenue target for next year is to reach 15 billion yuan.
"Second Father of Anhui Liquor" Anhui Yingjia Distillery's Q3 performance falls short of expectations, with a 20% year-on-year decrease in contract liabilities. Interpretations of the financial report.
①Anhui Yingjia Distillery achieved double-digit growth in revenue and net income in the first three quarters, but did not meet the company's earlier announced revenue and net income growth target. ②This year, the company's revenue and net profit attributable to equity shareholders in Q3 both increased by less than 3% year-on-year, falling short of the expectations of most brokerages. ③Some brokerages predict that there may be a general slowdown in performance for listed liquor companies in Q3 this year.
Tsingtao Brewery's Q3 revenue decreased by 5.28% year-on-year, with net income declining by 9.03% | Financial Report Insights
Tsingtao Brewery's Q3 revenue and net income both decreased year-on-year. The revenue was 8.891 billion yuan, a decrease of 5.28% year-on-year; while the net income was 1.348 billion yuan, a decrease of 9.03% year-on-year.
"Anhui Kouzi Distillery", known as one of the top three famous liquors in Anhui province, performed below expectations in Q3 this year. The controlling shareholder Liu Ansheng reduced his holdings by 6.5 million shares. | Interpretations of financial repo
1. In the first three quarters of this year, Anhui Kouzi Distillery's revenue and net income both declined, failing to reach the company's previously set revenue growth target. 2. In Q3, Anhui Kouzi Distillery's revenue declined by more than 20%, with a nearly 30% decrease in net income attributable to the parent, falling short of brokerage expectations. 3. In Q3 of this year, one of the controlling shareholders of Anhui Kouzi Distillery, Liu Ansheng, also reduced his shareholding, roughly estimating cashing out more than 0.22 billion yuan.
New developments in insurance funds! In the third quarter, there was a significant increase in shareholding of kweichow moutai and china telecom, while the trend of reducing strong high-dividend stocks was strong.
① As of the third quarter, insurance funds increased holdings of 68 stocks and decreased holdings of 73 stocks. The stocks that were increased mainly distribute in industries such as computers and machinery, while the stocks that were reduced mainly distribute in csi sws health care index and the electronics industry. ② Overall, insurance funds reduced their holdings of high dividend stocks, which have shown strong trends this year, and increased their holdings of some high-quality symbols that have continued to underperform the market since the beginning of the year. ③ Insurance funds switch positions depending on whether individual stocks are at high or low levels.