On February 6, Chongqing Brewery Co.Ltd(600132) (hereinafter referred to as ” Chongqing Brewery Co.Ltd(600132) “) released a performance express that in 2021, the company achieved a total operating revenue of 13.119 billion yuan, a year-on-year increase of 19.9%; The net profit attributable to shareholders of listed companies was 1.166 billion yuan, an increase of 8.30% compared with the statutory disclosure data in the same period of last year and 38.82% compared with the data in the pro forma statements in the same period of last year.
For the reasons for the change of performance, Chongqing Brewery Co.Ltd(600132) said that on the one hand, the main business continued to grow healthily. First of all, the company’s beer sales in this period increased by about 15% over the same period of last year, thanks to the intensive cultivation and expansion of “Yangfan 22” project. Secondly, the company continues to promote the high-end business strategy of products and improve the overall profitability and market competitiveness of the company. Finally, the company continued to promote the organizational structure optimization project and carried out the savings brought by the operation cost management project, offsetting some of the adverse effects brought by the rising cost.
On the other hand, it is the impact of non operating profit and loss. In the same period of last year, the company disposed of four subsidiaries without actual business: Xinjiang beer group Huocheng Beer Co., Ltd., Xinjiang Wusu Beer (Kashi) Co., Ltd., Xinjiang Wusu Beer (Qitai) Co., Ltd. and Xinjiang Wusu Beer Huocheng wheat Co., Ltd., increasing the total profit of about 121 million yuan in 2020. At the same time, Xinjiang will no longer pay basic medical insurance premiums for retired employees who have reached the minimum payment period. The company’s plan change of basic medical insurance in the defined benefit plan is recognized as the past service cost, which increases the total profit of the company in 2020 by about 196 million yuan.
