march 9, Wuliangye Yibin Co.Ltd(000858) (SZ: Wuliangye Yibin Co.Ltd(000858) ) released the announcement of main performance data in 202 7 announcement shows that in 2021, Wuliangye Yibin Co.Ltd(000858) operating revenue and net profit reached about 66.2 billion yuan and 23.4 billion yuan respectively, both achieving double-digit growth and setting a new record high again; The basic earnings per share is about 6 yuan. So far, Wuliangye Yibin Co.Ltd(000858) has become a listed A-share liquor company with double-digit growth in operating revenue for 24 consecutive quarters.
at the same time, the volume and price of its core products continued to grow. According to the reporter of securities times · e company, during the Spring Festival in 2022, Wuliangye Yibin Co.Ltd(000858) mobile sales increased by more than 20% year-on-year, and it is expected to continue to maintain a good growth momentum in the first quarter
Today, Wuliangye Yibin Co.Ltd(000858) shares performed strongly, rising more than 4% as of press time.
high certainty of performance growth
As the Wuliangye Yibin Co.Ltd(000858) core product, the eighth generation Wuliangye Yibin Co.Ltd(000858) has excellent overall performance and good dynamic sales momentum.
since 2021, Wuliangye Yibin Co.Ltd(000858) market demand has been stable, supported by strong brand strength in the price belt of 1000 yuan; The latest performance express also revealed that the rise of the eighth generation Wuliangye Yibin Co.Ltd(000858) volume and price continued
From this stage, although the repeated outbreak and weak demand have a certain impact on the consumption of Baijiu Baijiu, but in the high-end liquor, because of the more rigid demand, the main demand is to give gifts and small-scale business banquets, and the market demand is still relatively stable.
From the feedback of market channels, Everbright Securities Company Limited(601788) pointed out that in 2021, Wuliangye Yibin Co.Ltd(000858) thousand yuan price with actual digestion of products is better than delivery. Major markets such as Henan and Jiangsu reported that Wuliangye Yibin Co.Ltd(000858) actual sales growth rate is high.
According to the feedback from the channel, at present, the progress of Wuliangye Yibin Co.Ltd(000858) payment collection is more than 40%, and some major merchants have completed the annual payment collection, with the delivery progress of more than 30%, maintaining the normal rhythm, and the performance is stable in the peak season of the spring Festival. From January to February 2022, Wuliangye Yibin Co.Ltd(000858) double digit growth is highly certain, and the probability of performance growth in the first quarter is great. It is expected to maintain a 15% revenue growth throughout the year and continue high-quality development.
Guosen Securities Co.Ltd(002736) also expressed similar views. During the Spring Festival, Wuliangye Yibin Co.Ltd(000858) dynamic sales are fast and the price is stable. The inventory of the eighth generation Wuliangye Yibin Co.Ltd(000858) dealers is about 20-30 days.
A Wuliangye Yibin Co.Ltd(000858) dealer told the reporter of securities times · e company that during the Spring Festival this year, the dynamic sales of Wuliangye Yibin Co.Ltd(000858) related products were good, with a year-on-year increase of about 20% Guosen Securities Co.Ltd(002736) it is estimated that Wuliangye Yibin Co.Ltd(000858) the performance in the first quarter of this year is expected to continue to achieve double-digit growth
valuation decline highlights cost performance
Recently, Baijiu sector callback. Objectively speaking, the capital market is affected by multiple factors. Except for a few sectors such as energy and gold, most stocks in other fields are in general decline. From Baijiu to liquor, by the end of 2021, the capital market had already had positive anticipation for the new year's day and the Spring Festival peak season. In addition, some Baijiu stocks have a high valuation, and the market is now adjusting to normal conditions.
In the 19 Baijiu listed companies of A shares, Anhui Golden Seed Winery Co.Ltd(600199) ( Anhui Golden Seed Winery Co.Ltd(600199) ), Tian you de ( Qinghai Huzhu Barley Wine Co.Ltd(002646) ) and Gansu Huangtai Wine-Marketing Industry Co.Ltd(000995) ( Gansu Huangtai Wine-Marketing Industry Co.Ltd(000995) ) TTM were 589.06 times, 223.54 times and 193.73 times higher than those of the listed companies. Kweichow Moutai Co.Ltd(600519) and Luzhou Laojiao Co.Ltd(000568) were 44.58 and 39.49 times higher in high-end Baijiu, while Wuliangye Yibin Co.Ltd(000858) P / E was only 27.81 times.
Brokerage analysts believe that since the second half of 2021, Wuliangye Yibin Co.Ltd(000858) 's valuation in high-end Baijiu has been suppressed, and the valuation level of Wuliangye Yibin Co.Ltd(000858) in the high-end Baijiu is at a low level. Moreover, Wuliangye Yibin Co.Ltd(000858) P / E ratio has been reduced to less than 30 times, which has a high cost performance ratio. At present, the Wuliangye Yibin Co.Ltd(000858) valuation has a safety margin, the fundamentals are stable, and the subsequent marginal improvement is expected.
in addition, the most important event in recent Wuliangye Yibin Co.Ltd(000858) is the adjustment of the management. At present, the core team of Wuliangye Yibin Co.Ltd(000858) new management team has been established to realize a smooth and orderly transition. From the perspective of curriculum vitae, the new management team has profound qualifications and rich experience in economic and industrial fields. Now, with the adjustment of Wuliangye Yibin Co.Ltd(000858) management, a major factor that suppressed the company's valuation in the early stage is expected to be removed
As the "new leader" of Wuliangye Yibin Co.Ltd(000858) , Zeng Congqin has been deeply engaged in the field of economic construction for a long time. "Economic expert" is one of the impression labels of the outside world. It should be pointed out that Congqin has long served as the "number one" of many departments in the field of economic development in Yibin City, and has also shown outstanding ability in local economic development. While serving as secretary of the Party Working Committee of Lingang Economic Development Zone, Zeng Congqin introduced a number of key projects such as Contemporary Amperex Technology Co.Limited(300750) power battery production base to promote the construction of the world's largest power battery production base.
As early as September 2019, Zeng Congqin has served as Deputy Secretary of the Party committee and general manager of Wuliangye Yibin Co.Ltd(000858) group company, deputy secretary of the Party committee and chairman of the board of directors of the joint stock company. Relevant people pointed out that Zeng Congqin's taking over the "baton" of development will lead Wuliangye Yibin Co.Ltd(000858) to continue the good momentum of high-quality development and open a new stage of "accelerating" towards higher development goals.
