The provision for anticipated liabilities led to last year's net profit falling short of the performance forecast. Chongqing Brewery has 'rarely' not set a revenue target for this year | Interpretations.

① Last year, Chongqing Brewery's net income decreased by 16.61% year-on-year, exceeding the decline in net income reported in the company's performance announcement two months ago. ② Loss from a first-instance lawsuit against the affiliated company Chongqing Jiawei Brewery led to provisions for expected liabilities, along with inventory impairment, causing damage to net income. ③ Chongqing Brewery has "rarely" not set a revenue target for this year, only stating that it is "cautiously optimistic" about this year's industry.

cls.cnApr 2 23:21

After a two-year interval, Zhejiang Guyuelongshan Shaoxing Wine, known as the "King of Huangjiu(Chinese Liquor)," announced a price increase of up to 12%. This may boost Q2 performance.|Brief announcement.

① Zhejiang Guyuelongshan Shaoxing Wine and Kuaijishan Shaoxing Rice Wine have recently announced price increases for multiple product series; ② The company's Director Sun Aibao told reporters from the Financial Association that this is a minor price adjustment aimed at realizing the value return of Huangjiu(Chinese Liquor).

cls.cnApr 1 22:27

Accusing Carlsberg China of "reversing black and white," Chongqing Jiawei stated that a lawyer's letter has been sent.

1. Chongqing Brewery and its affiliated company, Chongqing Jiawei, issued statements accusing each other of distorting facts, and their legal disputes have extended to public opinion confrontations. 2. Currently, Chongqing Jiawei has sent a lawyer's letter to Carlsberg China and its controlling interest, Chongqing Brewery. 3. Carlsberg China accuses the "Exclusive Distribution Agreement" of being "extremely unreasonable"; yet, out of respect for the company’s historical development, it continues to fulfill the agreement.

cls.cnMar 20 14:45

In the contract dispute case, a compensation of 0.353 billion yuan was ruled against Chongqing Brewery, which expressed dissatisfaction and stated that "it will firmly appeal" | Quick reading of the announcement.

① Due to a contract dispute, Chongqing Brewery was ruled in the first instance to pay approximately 0.353 billion yuan to the joint venture company Chongqing Jiawei, which Chongqing Brewery disagrees with and stated it will firmly appeal. ② This first-instance judgment may reduce Chongqing Brewery's net income attributable to parent company last year to about 1.115 billion yuan. ③ Currently, Chongqing Brewery is still involved in several significant lawsuits with Chongqing Jiawei and its related parties, involving an amount of approximately 0.734 billion yuan.

cls.cnMar 14 23:07

Is Baijiu(Chinese Liquor) saved? After the Spring Festival, several Baijiu(Chinese Liquor) Funds rose over 10%. Have the investors who entered at a high point recovered their capital?

① Funds heavily invested in Baijiu are rebounding, with many products increasing over 10% after the holiday; ② Investors who poured into funds focused on Baijiu three years ago are still at a loss; ③ A total of 19 related Baijiu stocks are heavily held by public funds, with the market value of Kweichow Moutai's heavy holdings significantly reduced from its peak.

cls.cnMar 13 09:52

Chongqing Brewery's performance slightly fell short of Institutions' expectations, with revenue slightly declining and not meeting the annual growth target. | Interpretations

① Last year, Chongqing Brewery experienced a decline in both revenue and Net income, falling short of the expectations of most Brokerages and failing to meet the company's previously set revenue growth target. ② Last year, the overall sales volume of Chongqing Brewery's beer products decreased by 0.75%, but the proportion of high-end beer sales increased throughout the year. ③ Chongqing Brewery stated that the consumption scenarios of draft beer in its Dining and Entertainment channels are under pressure and it is accelerating the development of non-draft channels.

cls.cnFeb 6 23:14