Recently, food and beverage enterprises released the performance express of 2021 and the operation announcement from January to February. The enterprises that issued the announcement achieved rapid growth during the reporting period, showing the stability of core asset operation. Driven by the performance of core assets, market sentiment gradually stabilized, and the stock prices of mainstream companies gradually stabilized.
Specifically, Wuliangye Yibin Co.Ltd(000858) 2021q4 is expected to achieve an operating revenue of about 16.5 billion yuan, a year-on-year increase of about 11%, and a net profit attributable to the parent company of about 6 billion yuan, a year-on-year increase of about 11% Anhui Gujing Distillery Company Limited(000596) 2021q4 achieved an operating revenue of RMB 3.169 billion, a year-on-year increase of + 42.58%, and a net profit attributable to the parent company of RMB 322 million, a year-on-year increase of + 1.66% Jiugui Liquor Co.Ltd(000799) from January to February, it is expected to achieve a revenue of about 1.4 billion, an increase of about 120% at the same time; It is expected to realize a net profit of about 465 million, with an increase of about 130% Inner Mongolia Yili Industrial Group Co.Ltd(600887) from January to February 2022, the company achieved a total operating revenue of about 21.5 billion yuan, an increase of more than 15% year-on-year; The total profit was about 3.3 billion yuan, with a year-on-year growth rate of more than 20%.
From the operating situation from January to February, the companies that issued the announcement generally achieved good results. Our analysis is mainly because 1 this year, the mainstream liquor enterprises further advanced the payment collection proportion. 2. It is the weekend before the Spring Festival holiday. Many people enter the holiday before the weekend, which makes the Spring Festival holiday longer and good for consumption.
The recent correction of the market reflects the market’s concern about the uncertainty of the international situation. In the market environment with large market fluctuations, we believe that the certainty of the performance of core assets shows the allocation value. It is suggested to pay attention to the leading enterprises with strong certainty of food and beverage performance: Kweichow Moutai Co.Ltd(600519) , Wuliangye Yibin Co.Ltd(000858) , Inner Mongolia Yili Industrial Group Co.Ltd(600887) , etc.
Risk tips:
The epidemic has led to lower than expected consumer demand; The company’s operation is not as good as market expectations.
Review of Hong Kong Stock Market:
This week, the essential consumption index of Hong Kong stocks rose or fell by – 10.12%, of which the key companies rose or fell by – 12.55% for Budweiser Asia Pacific, 13.18% for nongnongshan spring, 6.61% for China Wangwang, 11.99% for Master Kong Holdings, 0.83% for China Feihe, 14.85% for Zhou Heiya, 19.73% for Yihai international and 16.28% for China Resources beer.
