Yesterday, the official account of WeChat Kweichow Moutai Co.Ltd(600519) issued the 2020 social responsibility report of Moutai group. According to media reports, Kweichow Moutai Co.Ltd(600519) group employed 42281 people in 2020, and the per capita salary of employees increased by about 12.12% over the previous year.
According to Maotai 2020 social responsibility report, Kweichow Moutai Co.Ltd(600519) group employed 42281 people in 2020, an increase of 1030 over 2019, and the per capita salary of employees increased by about 12.12% over the previous year.
According to data from the media, the average salary of Moutai group Kweichow Moutai Co.Ltd(600519) employees in 2020 was 310 thousand yuan, the highest among 19 Baijiu listed companies.
It is understood that the senior management of Kweichow Moutai Co.Ltd(600519) group implements an annual salary system in accordance with the relevant provisions of Guizhou SASAC and the company; A quasi annual salary system is implemented for middle-level managers, and the corresponding salary proportion coefficient is comprehensively determined according to the work nature, responsibilities, rights and interests, risks and other factors of different systems; Ordinary employees mainly implement post performance salary system and contract salary system. Their salary level is determined by referring to the salary level of the labor market and according to the technical content, knowledge content, labor intensity and other factors of different series and posts.
Last year, the total annual remuneration of Kweichow Moutai Co.Ltd(600519) management was 3.7196 million yuan, of which the remuneration of deputy general manager Zhong Zhengqiang and Wang Xiaowei were 774300 yuan and 632700 yuan respectively.
In addition, in the report, Maotai Group mentioned that the company has formed an eight step training mechanism for craftsmen, including furnace entry (induction training), smelting (on-the-job training), smelting (skill appraisal), tempering (teacher leading Apprentice), refining (backbone training), quenching (gold medal monitor), sublimation (Maotai craftsmen) and refining into steel (technical profession).
Recently, according to Zunyi public resources trading center, Kweichow Moutai Co.Ltd(600519) has successively purchased 26 industrial lands in Xishui County, Zunyi City, with a total area of 715900 square meters and a total transaction amount of 344 million yuan. At present, the listing transfer results are being publicized.
According to relevant sources in Maotai, the land won this time is to meet its ongoing 30000 ton Maotai flavor series liquor technical transformation project and its supporting facilities. The project has been deliberated and approved by the Kweichow Moutai Co.Ltd(600519) board of directors held on September 28, 2018.
In 2018, the board of directors of Maotai passed the proposal to build 30000 tons of Maotai flavor series liquor, with a budget of RMB 8.384 billion. The project is located in Xinzhai, ganziping and Dadi of Xishui County. The project plans to build 84 new wine making plants, transform 6 wine making plants and their supporting facilities. After the new construction and transformation, the production capacity of Maotai flavor series wine can be increased by about 30000 tons; 62 taotan wine warehouses and supporting facilities will be built, and the storage capacity of Maotai flavor series wine will be about 83700 tons; 4 groups of stainless steel tanks will be built, and the storage capacity of Maotai flavor series liquor will be about 28000 tons; Eight new koji making plants and their supporting facilities will be built, which can support the koji demand of 28800 tons of Maotai flavor series liquor. The total construction period of the project is 3 years.
In the 2020 annual report, Maotai also proposed to steadily promote the construction of 30000 tons of Maotai flavor series liquor and supporting projects; Build and manage the sorghum planting base for Maotai liquor, strengthen the procurement management of wheat for Maotai liquor, and ensure the supply and quality of raw materials. Start the construction of wine warehouse renewal project in China area during the 13th five year plan.
In addition, on November 30, the official website of Guizhou Provincial People’s government released the action plan for expanding effective investment in Guizhou Province (2021-2023), which mentioned the need to accelerate the technical transformation project of 30000 tons Maotai flavor series liquor. In the 14th Five-Year plan and the 2035 vision plan, the Kweichow Moutai Co.Ltd(600519) China Pavilion “two” wine storehouse and its supporting facilities in 13th Five-Year, the Maotai flavor liquor base production Park and the 30 thousand tons of Maotai flavor liquor series technology renovation project were also included in the local Baijiu industrial project list. “Renhuai”
Financial data show that last year, Maotai Group achieved a revenue of 114.2 billion yuan, a year-on-year increase of 13.9%; The net profit was 55.1 billion yuan, a year-on-year increase of 16.8%; Tax revenue reached 48.1 billion yuan, a year-on-year increase of 11.9%.
In terms of share price, Kweichow Moutai Co.Ltd(600519) has attracted the attention of 7 research reports of securities companies in recent month, including 3 “buy” ratings, 2 “recommend” and 2 “strongly recommend”.
Zheshang Securities Co.Ltd(601878) mentioned that considering the full completion of Maotai liquor technical transformation and expansion project in the 13th five year plan in September 2020 and the steady progress of 30000 ton Maotai flavor series liquor technical transformation project, it is expected that the volume and price of Maotai liquor may exceed the expectation in 2022, accelerate the reporting end and enter the 14th five year plan, the company will take the road of Maotai, the “five line” development road and adhere to the “double building” “Double consolidation”, focusing on main business, adjusting structure, strengthening supporting facilities, constructing ecology, and strong certainty of future performance.
Everbright Securities Company Limited(601788) also pointed out that the production capacity of Maotai liquor and series liquor has expanded steadily since its listing. It is expected that the actual production capacity of Maotai liquor and series liquor will be 55300 tons and 29000 tons respectively in 2021. During the “14th five year plan” period, the company will expand production capacity prudently on the basis of tight balance between supply and demand to ensure future sales expansion.
(E company)
