On December 18, Wuliangye Yibin Co.Ltd(000858) (000858, SZ) the 25th Conference on joint construction and sharing was held as scheduled. Li Shuguang, Secretary of the Party committee and chairman of Wuliangye Yibin Co.Ltd(000858) group, said at the meeting that since 2021, Wuliangye Yibin Co.Ltd(000858) has achieved new development and a good start. Facing the future, Wuliangye Yibin Co.Ltd(000858) will "grasp the general keynote and general requirements of stable word and steady progress, and the underlying logic and value drive of the continuous structural growth of Baijiu industry in the long term trend of consumption upgrading."
As the typical representative of China Luzhou Baijiu liquor and the leading industry, the growth rate of Wuliangye Yibin Co.Ltd(000858) operating income continued to maintain the growth rate of the industry's advanced level in the first three quarters of this year and maintained double-digit growth of the two major business indicators. Behind the steady growth of performance, the growth quality and endogenous driving force of the company continued to strengthen, with double-digit growth for 23 consecutive quarters, highlighting the ballast status of leading enterprises.
This year, the recognition and value of Wuliangye Yibin Co.Ltd(000858) in the commodity market have continued to improve. Many dealers believe that Wuliangye Yibin Co.Ltd(000858) is optimistic about further improving its market share.
tight supply and scarce resources Wuliangye Yibin Co.Ltd(000858) product value jumped again
In the first three quarters of 2021, Wuliangye Yibin Co.Ltd(000858) handed over the answer sheet of continued double-digit growth in revenue and net profit. During the reporting period, Wuliangye Yibin Co.Ltd(000858) achieved an operating revenue of 49.721 billion yuan, a year-on-year increase of 17.01%; The net profit attributable to the parent company was RMB 17.327 billion, a year-on-year increase of 19.13%.
The operating performance improved steadily shows Wuliangye Yibin Co.Ltd(000858) 's strong concentration and development potential.
The achievement of Wuliangye Yibin Co.Ltd(000858) is not only a leap in report numbers. Under the background of high PPI superimposed by the epidemic situation, Wuliangye Yibin Co.Ltd(000858) 's transcript shows a strong anti risk ability. Double digit growth for 23 consecutive quarters means that Wuliangye Yibin Co.Ltd(000858) has always maintained a steady growth trend for up to 6 years, highlighting the ballast status of leading enterprises.
Behind the financial data such as revenue and net profit, Wuliangye Yibin Co.Ltd(000858) other indicators reflect the health and sustainability of its growth. In the first three quarters, the net cash flow from the company's operating activities was RMB 15.398 billion, a year-on-year increase of 290.47%, which means that the cash flow as the company's operating lifeline is becoming more and more unblocked. This shows that Wuliangye Yibin Co.Ltd(000858) can achieve good sales and positive payment collection by dealers, showing a strong ability to create cash flow and self hematopoiesis.
Wuliangye Yibin Co.Ltd(000858) for a good start in 2021, we have not only laid a solid foundation for hard work, but also thought about the innovation and Optimization in the future.
In May 2019, the eighth generation Wuliangye Yibin Co.Ltd(000858) was officially launched, marking the opening of a new chapter in the large single product of Wuliangye Yibin Co.Ltd(000858) . In recent years, on the basis of the eighth generation Wuliangye Yibin Co.Ltd(000858) , Wuliangye Yibin Co.Ltd(000858) further strengthened the "1 + 3" main brand series, forming the Ming Dynasty cellar series represented by 501 Wuliangye Yibin Co.Ltd(000858) , the vintage series represented by classic Wuliangye Yibin Co.Ltd(000858) , and the generation series represented by the eighth generation Wuliangye Yibin Co.Ltd(000858) .
Qianhai Securities Research Report shows that Baijiu will continue to enjoy the bonus as the Baijiu price is not changing. The report quoted the Ministry of industry's production data of the October 2021 wine industry as saying that China's Baijiu production in October was 59.2 million liters, down 0.2% from the same period last year. Under the influence of consumption upgrading, the market share of high quality Baijiu liquor is particularly significant. The trend of the whole liquor industry in pursuit of high quality is constantly advancing. The scale of Baijiu Baijiu has increased from 29.1% in 2018 to 40% in 2021. Against this background, high quality Baijiu will enjoy dividends from changes in the industry pattern.
With the continuous strengthening of product verification in the market, Wuliangye Yibin Co.Ltd(000858) has continuously improved its value in dealers and consumer groups. Some dealers said that Wuliangye Yibin Co.Ltd(000858) has an absolute consumer base and brand advantage in the thousand yuan belt. Many dealers believe that they are optimistic about Wuliangye Yibin Co.Ltd(000858) to further improve market share and value cognition.
From the market performance of the eighth generation Wuliangye Yibin Co.Ltd(000858) , Wuliangye Yibin Co.Ltd(000858) has successfully realized product iteration. Improving brand value and channel profit space will also be the focus of Wuliangye Yibin Co.Ltd(000858) in the future.
We should not only see today's achievements, but also plan ahead. In recent years, Wuliangye Yibin Co.Ltd(000858) has continuously increased the storage capacity of high-quality base wine and increased investment in the construction of wine warehouse project. Since this year, Wuliangye Yibin Co.Ltd(000858) has continued to steadily promote quality and efficiency improvement projects such as "phase I project of 300000 ton taotan aging wine warehouse", "integrated project of finished wine packaging and intelligent storage and distribution", "technical transformation project of hook storage warehouse". It is reported that in the 2021-2025 years, Wuliangye Yibin Co.Ltd(000858) will add 120 thousand tons of raw liquor, the total capacity of Baijiu will reach 250 thousand tons, and the storage capacity of basic liquor will exceed 100 million tons.
As Li Shuguang said, the Baijiu industry is not short of capacity, but the quality is high. The growth momentum of the enterprise will come from the improvement of Baijiu quality liquor. From the layout of Wuliangye Yibin Co.Ltd(000858) , it is not difficult to find that the enterprise not only focuses on the improvement of current business performance, but also focuses on the long-term development vitality of the enterprise.
The products have been successfully verified by the market, with the continuous improvement of enterprise operation efficiency and growth potential, and the sustainability and high-quality growth of Wuliangye Yibin Co.Ltd(000858) can be expected.
the "head goose" effect in the capital market is prominent, and it is expected to usher in
As a market sensitive wind vane, the trend of capital also shows that they are optimistic about the Baijiu industry.
From the perspective of capital trend, Wuliangye Yibin Co.Ltd(000858) 's "head goose" effect gradually appears. Wuliangye Yibin Co.Ltd(000858) financial results show that in the first three quarters of this year, the top ten shareholders included the mixed securities investment fund of Yi Fang Da LAN, the investment in China Baijiu index, the classified securities investment fund, the the Great Wall emerging growth hybrid securities investment fund and other shareholders who held Wuliangye Yibin Co.Ltd(000858) , and the shareholding ratio was further enhanced.
In the past six months, 44 securities companies have rated Wuliangye Yibin Co.Ltd(000858) with 38 "buy" ratings, 6 "overweight" ratings and 100% buy "and" overweight "rates. Analysts are optimistic about the future development of Wuliangye Yibin Co.Ltd(000858) . The Guotai Junan Securities Co.Ltd(601211) research team pointed out that Wuliangye Yibin Co.Ltd(000858) is the king of thousands of yuan, and the quantity and price are synchronized to promote high-quality development. On the basis of the new journey reform of "secondary entrepreneurship", we will continue to focus on brand, channel and marketing, promote the brand value of ultra-high-end products, continue to promote the channel optimization reform and digital construction, and continue to increase the share of one thousand yuan belt, the leader of Luzhou flavor.
Dongguan securities recently reported that as the leading high-end liquor industry, Wuliangye Yibin Co.Ltd(000858) capacity expansion and product upgrading steadily push forward the development of group purchase channels, which will help the product price go up further, and the volume and price of the Baijiu company will be improved. Maintain the "recommended" rating of the company.
The China Merchants Securities Co.Ltd(600999) research team pointed out that the classic Wuliangye Yibin Co.Ltd(000858) card layout tamps the foundation and locks in long-term development. After the company has consolidated the channel foundation and circle cultivation and continued intensive cultivation, the products are expected to increase both volume and price. Under the guidance of brand strength, it is a high probability event for the company to make a good start next year. At the same time, due to the high certainty of enterprise performance completion, it is possible to exceed expectations in all aspects, and it is expected to usher in a new era after marginal improvement.
When Baijiu Baijiu Ceng Congqin's general manager and chairman of the stock company said that the work was expected in 2022, he said that based on the strong logic of growth support in the liquor industry, the rigid demand for liquor consumption, and the three trends of Baijiu "three concentration (to the dominant species, the dominant capacity, the dominant producing areas)", the three trends were judged. Wuliangye Yibin Co.Ltd(000858) in 2022, we will adhere to the promotion of high-quality market share as the core, accelerate the construction of symbiotic and common prosperity relationship among emerging manufacturers, highlight cultural construction and consumer cultivation, strengthen supply chain stability, channel transformation and market expectations, so as to ensure the full realization of new development with steady progress. Zeng Congqin believes that opportunities and challenges will coexist in the general environment in the coming period, but on the whole, opportunities outweigh challenges.
At present, Wuliangye Yibin Co.Ltd(000858) sales continue to grow, inventory is at a historical low, high-quality production capacity can not meet market demand, prices will continue to move closer to value, step into the value channel of steady growth, and win the favor of the capital market.
(Daily Economic News)
