In March 9th, Baijiu Wuliangye Yibin Co.Ltd(000858) ( Wuliangye Yibin Co.Ltd(000858) .SZ) released its 2021 major performance data announcement.
Thanks to the continuous growth in the volume and price of core products, Wuliangye Yibin Co.Ltd(000858) 2021 is expected to achieve a revenue of about 66.2 billion yuan, an increase of about 15% over the same period of last year; The net profit attributable to the parent company is expected to be about 23.35 billion yuan, an increase of about 17% over the same period of last year.
Wuliangye Yibin Co.Ltd(000858) 2021 third quarter report shows that the company’s main revenue is 49.721 billion yuan, up 17.01% year-on-year; The net profit attributable to the parent company was 17.327 billion yuan, a year-on-year increase of 19.13%. This means that in the fourth quarter, the operating revenue was 16.48 billion yuan and the net profit attributable to the parent company was 6.02 billion yuan, still maintaining a high growth. It is worth mentioning that Wuliangye Yibin Co.Ltd(000858) has maintained double-digit growth in revenue and net profit for many consecutive years since 2016.
Everbright Securities Company Limited(601788) pointed out that Wuliangye Yibin Co.Ltd(000858) demand is stable, and the strong brand power in the price band of 1000 yuan is a strong support for fundamentals. Although the repeated outbreak and weak demand have a certain impact on the consumption of Baijiu Baijiu, the demand for high-end liquor is relatively rigid, and the toughness is relatively prominent, which has been verified by feedback from the channel. The brand image of Wuliangye Yibin Co.Ltd(000858) in the thousand yuan price band has been relatively stable and the actual sales are smooth. According to the feedback from the channel, at present, the progress of Wuliangye Yibin Co.Ltd(000858) payment collection is more than 40%. Some large businesses complete the annual payment collection by acceptance bill, and the delivery progress is more than 30%, maintaining the normal rhythm. The performance in the peak season of the Spring Festival is stable, and the certainty of performance growth in the first quarter is high. Throughout the year, the increase in the volume of products such as Wuliangye Yibin Co.Ltd(000858) price increase of the eighth generation and 1618 contributed to double-digit growth. After the price increase of a series of wines, it also aimed at a higher goal, and it is expected to maintain a revenue growth of 15% throughout the year.
