Weekly Wine News | Maotai returns to the top of the A-share market, Sichuan releases a list of liquor tasks
Chongqing Beer: Net profit fell by more than 60% in the first quarter of 2020
On April 17, Chongqing Beer Co., Ltd. released the 2019 annual report and the first quarter report of 2020. In FY 2019, the company’s beer sales amounted to 943,500 kiloliters, a decrease of 0.09% compared with FY 2018. At the same time, it achieved operating income of 3.582 billion yuan, an increase of 3.30% compared with 2018. In the first quarter of 2020, the net profit attributable to the company’s shareholders was 34.116 million yuan, a decrease of 60.20% over the same period of the previous year. A
Alcoholic liquor: 2019 net profit of about 299 million yuan
On April 16, Jiugui Liquor Co., Ltd. released its 2019 annual report. In 2019, the operating income was about 1.512 billion yuan, a year-on-year increase of 27.38%; the net profit attributable to shareholders of listed companies was about 299 million yuan, a year-on-year increase of 34.5%. During the reporting period, the company was mainly engaged in the production and sale of liquor series products, and its main business and business model remained unchanged.
◆ Investment and financial management
Guyue Longshan: Increasing the use of idle funds, purchasing financial products no more than 600 million
On April 17, Zhejiang Guyue Longshan Shaoxing Liquor Co., Ltd. (hereinafter referred to as the “Company”) issued an announcement regarding the use of idle funds to purchase wealth management products. The “Proposal on Using Unused Funds to Purchase Wealth Management Products” was reviewed and approved, and we agreed to use idle self-owned funds of up to 600 million yuan to purchase stable financial management products with high security, good liquidity, short-term, and low risk.
Chongqing Beer: In order to improve the capital income and use efficiency, 300 million yuan entrusted financial management
On April 14, Chongqing Beer Co., Ltd. (hereinafter referred to as Chongqing Beer) issued an announcement to entrust the Bank of Australia and New Zealand (China) Co., Ltd. Shanghai Branch to purchase financial products in an amount of 300 million yuan to improve the efficiency of capital use and capital gains. , The entrusted financial management period is 92 days.
◆ Sichuan wine
Sichuan released this year’s liquor task list, “Ten Little Golden Flowers” welcome development opportunities
On April 13, the Sichuan Provincial Department of Economics and Information released the list of “Key Tasks for High-Quality Liquor Industry in 2020”, which will continue to promote the construction of special grain bases for winemaking in 2020, focusing on the construction of enterprises such as “six golden flowers” and “ten small golden flowers” The wine-making special grain base strives to continue the construction of more than 1 million mu of wine-making special grain base in 2020. In addition, Sichuan Province will actively promote the construction of a number of key liquor projects such as the Wuliangye Taotan wine cellar, Luzhou Laojiao winery project, and Jiannanchun Datang National Wine Ecological Park.
The 102nd National Sugar and Liquor Trade Fair was postponed
On April 17, from the official news of the Organizing Committee of the 102nd National Sugar and Liquor Commodities Fair, in response to the latest government prevention and control requirements, it was decided that the original scheduled for May 21-23, 2020 in Chengdu China West International Expo City The 102nd National Sugar and Liquor Trade Fair was postponed. The specific arrangements for postponement adjustment will be announced in time.
◆ Technical transformation
The main structure of Xifeng Liquor’s 30,000-ton technical reform project has been capped
On April 15, the main structure of Shaanxi Xifeng Liquor’s 30,000-ton technical reform project was capped. It is reported that the Xifeng wine making technical reform project started on July 12, 2019. The total construction area of the project is about 100,000 square meters, and the estimated investment is about 700 million yuan, including production systems such as koji making system, red grain storage and crushing system and raw grain storage.
◆ Stock market
Guizhou Maotai returns to the top of the A-share market value list, becoming the global market leader in food and beverage industry
On April 16, Guizhou Moutai A stock market value returned to the top of the list. As of the closing price on April 16, Guizhou Maotai closed at 1,197.10 yuan. The A stock market value reached 1.50 trillion yuan, surpassing the Industrial and Commercial Bank’s A stock market value of 1.38 trillion yuan, becoming the largest weight of A shares. In addition to regaining the top spot in the A-share market, Guizhou Maotai also ranked first in the global market value of the food and beverage industry. At present, there are only three global food and beverage companies with a market value of over one trillion yuan, namely Guizhou Moutai, Coca-Cola and Pepsi.
Tsingtao Brewery appoints Shi Kun as non-executive director
On April 16, Tsingtao Brewery announced that Shi Kun was appointed as a non-executive director of the company, and the term of office will be from the date of deliberation and approval at the shareholders’ meeting to the expiration of the term of the ninth board of directors. In addition, Shi Kun was also appointed as a member of the company’s Audit and Internal Control Committee, a member of the Nomination and Remuneration Committee and a member of the Strategy and Investment Committee, and became effective on the date the board of directors passed the appointment.
Zhu Weibin, Chief Financial Officer of Zhujiang Beer, resigned
On April 16, 2020, the board of directors of Guangzhou Zhujiang Beer Co., Ltd. received the written resignation report of Zhu Weibin, the company’s chief financial officer and secretary of the board of directors. For personal reasons, Zhu Weibin applied for resignation as the company’s financial controller and secretary of the board of directors. According to relevant regulations, Zhu Weibin’s resignation report became effective from the date of delivery to the company’s board of directors. During the period when the new board secretary is not formally appointed, the company’s chairman Wang Zhibin is temporarily acting as the board secretary.
Beijing News reporter Xu Jingjing Pictures Screenshot of the official website of Sichuan Provincial Department of Economics and Information Technology
Editor Xu Jingjing Proofreading Li Ming