Chongqing Brewery Co.Ltd(600132) released the performance express of 2021, and it is expected that the net profit will increase by 38.82% year-on-year

On February 6, Chongqing Brewery Co.Ltd(600132) issued the announcement of 2021 annual performance express on Shanghai Stock Exchange. This is the first annual performance express disclosed by Chongqing Brewery Co.Ltd(600132) after completing the major asset restructuring with Carlsberg at the end of 2020. Through the reorganization, Carlsberg, the major shareholder, has injected all the high-quality beer assets in China into the listed company Chongqing Brewery Co.Ltd(600132) , making Chongqing Brewery Co.Ltd(600132) realize the national layout and become the fourth largest beer company in China.

According to the announcement, the sales volume, revenue and profit of Chongqing Brewery Co.Ltd(600132) will continue to achieve comprehensive growth in 2021.

According to the announcement data, Chongqing Brewery Co.Ltd(600132) achieved a total operating revenue of 13.119 billion yuan in 2021, an increase of 19.90% over the same period of last year; The net profit attributable to the shareholders of the company was 1.167 billion yuan, an increase of 38.82% over the same period of last year (the same as that after reorganization); The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses was 1.142 billion yuan, an increase of 76.14% over the same period of last year (the same as that after restructuring).

In addition, the sales volume of Chongqing Brewery Co.Ltd(600132) 2021 also increased by about 15% year-on-year, almost three times the industry level. According to the data of the National Bureau of statistics, in 2021, beer enterprises above Designated Size produced 35.6243 million kiloliters, a year-on-year increase of 5.60%.

The announcement said that the performance in 2021 benefited from the sustained and healthy growth of the main business. After the restructuring at the end of 2020, Chongqing Brewery Co.Ltd(600132) has obtained a nationwide production, supply and sales network, and has strong local brands such as Wusu, Chongqing, Dali, Xixia, Fenghuaxueyue and jinga, as well as international high-end brands such as Carlsberg, Lebao, 1664, summer fun, Greenberg and Brooklyn, forming a strong brand portfolio that can meet the consumer demand of different scenarios, Enhanced the core competitiveness of Chongqing Brewery Co.Ltd(600132) .

Based on this, in 2021 Chongqing Brewery Co.Ltd(600132) made continuous efforts in high-end and product innovation, launched a series of new products, achieved major breakthroughs in new scenes, new channels and new retail, and improved the overall profitability and market competitiveness of the company. These measures have also been recognized by the industry. In 2021, through the development of new ways of interaction with consumers, hongwusu clearly conveyed the attitude and concept of products, and was listed on the breakthrough innovation list of Nielsen iqbases, becoming the only liquor brand on the list. Chongqing Brewery Co.Ltd(600132) also combined with the characteristics of sub brands, continued to work with o2o platform to comprehensively improve the company’s brand consumer value on o2o, and won the “innovative marketing Award” of meituan flash purchase new retail.

At the same time, the company continued to promote the organizational structure optimization project and carry out the savings brought by the operation cost management project, which also offset some of the adverse effects brought by the rising cost.

In 2021, Chongqing Brewery Co.Ltd(600132) also actively optimized the layout and expanded production capacity to meet the growing market demand. Dali and Yibin can pulling lines were put into operation, Foshan new production base and Xichang technological transformation and capacity expansion project were officially announced, which provided sustainable growth power for the long-term development of the company.

In 2021, Chongqing Brewery Co.Ltd(600132) solidly promoted sustainable development and made significant progress in the four major objectives of the “common goal of zero” plan. Among them, as of November 2021, Chongqing Brewery Co.Ltd(600132) has an average water consumption of 2.47h/h in the national distillery, far exceeding the industry level in China, while the water consumption of Dazhulin distillery is lower to 1.94h/h, reaching the world-class level.

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