World News

Yanghe shares: net profit in the first half of the year was about 5.401 billion yuan, down 3.24% year-on-year

Beijing News (Reporter Zheng Mingzhu) On August 28, Yanghe shares released a semi-annual report stating that the revenue for the first half of 2020 was approximately 13.429 billion yuan, a year-on-year decrease of 16.06%; the net profit attributable to shareholders of listed companies was approximately 5.401 billion. Yuan, down 3.24% year-on-year

In addition, the net cash flow generated by Yanghe’s operating activities was approximately 2.733 billion yuan, a year-on-year decrease of 435.89%. Yanghe’s explanation was mainly due to the increase in the advance payment from dealers at the end of the previous year and the inflow of operating activities due to the impact of the epidemic. Due to the decrease in cash.

In terms of sub-regions, in the first half of this year, Yanghe shares accounted for 49.44% and 50.56% of Jiangsu Province’s revenue, respectively, representing a year-on-year decrease of 17.76% and 14.34%.

As the concentration of the liquor industry continues to increase, major famous liquor companies pay more attention to marketing, increase investment promotion, and strengthen channel construction. Competition between the liquor industry and liquor companies will become more intense. Regarding the risk of intensified industry competition, Yanghe said that it will take consumer demand as the core direction, and effectively improve the company’s industry competitiveness and product market share by continuously optimizing product structure, expanding channel markets, and innovating marketing models. rate.

Zhongtai Securities recently visited Yanghe dealers in East China and said that with the gradual recovery of the catering consumption scene, the channel feedback that Jiangsu liquor consumption has recovered to 70% to 80% of the same period last year after the Dragon Boat Festival. The current dealer inventory in Yanghe Province Less than one month’s level, a sharp decline year-on-year, and a steady increase in the price system. Yanghe shares no longer do cargo suppression and additional promotional activities, and the channel side maintains normal investment. According to the analysis of Zhongtai Securities, the company’s channel is very healthy. Combined with the consumption recovery trend in the second half of the year and the low base factor of the same period last year, it is expected that the company’s performance will officially enter the positive growth channel from the third quarter, and it is expected to successfully complete the set revenue level target for the whole year.

In the first quarter of 2020, Yanghe’s revenue was 9.268 billion yuan, down 14.9% year-on-year; net profit was 4.002 billion yuan, down 0.46% year-on-year.

Beijing News reporter Zheng Mingzhu Pictures Oriental Fortune APP screenshot

Editor Xu Jingjing proofreads Li Shihui

Leave a Reply

Your email address will not be published. Required fields are marked *