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Audited Annual Reports for the Year Ended 31 December 2024
Net income of 26.8 billion yuan! Total market value exceeds 1.9 trillion. The leading Baijiu company releases its first quarter report | Highlights of the after-hours announcement.
New China Life Insurance plans to invest a total of 20 billion yuan in partnership with China Life Insurance to subscribe for shares in a private equity fund that will invest in large listed companies A+H shares that meet the criteria of the CSI A500 Index.
Kweichow Moutai: In the first quarter, revenue surpassed 50 billion, Net income increased by 11.56%, and the decline in operating Cash flow has drawn attention.
In the first quarter, Kweichow Moutai's revenue exceeded 50 billion, with net income growing by 11.56% year-on-year, but the decline in operating cash flow has raised concerns. Key points summary of financial performance:...
Kweichow Moutai's Q1 Net income increased by 11.56% year-on-year, with revenue growth of 10.54%, steady demand for high-end Baijiu(Chinese Liquor) | Earnings Reports Summary.
In the first quarter, Kweichow Moutai achieved a revenue of 50.6 billion yuan, a year-on-year increase of 10.54%, and a Net income of 26.847 billion yuan, a year-on-year increase of 11.56%. The demand for high-end Baijiu remains strong, and the series of liquor Global Strategy has shown significant results.
Anhui Yingjia Distillery's revenue and net income fell short of targets last year, with a decline in sales growth in the core Anhui market.| Interpretations
① Last year, Anhui Yingjia Distillery achieved growth in revenue and net income, but failed to meet the previously set targets for revenue and net income growth. ② Last year, Anhui Yingjia Distillery's market growth in the core market of Anhui Province was about 13%, which is a significant decline compared to the growth rates of the previous years. ③ As of the end of March this year, Anhui Yingjia Distillery's contract liabilities amounted to 0.457 billion yuan, a year-on-year decline of about 11%.
Anhui Kouzi Distillery's performance declined last year with revenue not meeting targets, reducing the dividend rate to less than 50%. | Interpretations
① Anhui Kouzi Distillery failed to achieve the previously set revenue growth target; with a decline in Net income, the company has lowered its dividend payout ratio to below 50%; ② In the face of declining performance, Anhui Kouzi Distillery still spent over 30 million yuan on Consulting Services. Over the past three years, Anhui Kouzi Distillery has spent more than 81 million yuan on consulting services such as McKinsey; ③ Anhui Kouzi Distillery did not specify this year's operational goals in the annual report, only stating that the Industry situation will remain severe in 2025.