Talk every Monday
This week, since Kweichow Moutai Co.Ltd(600519) first disclosed the business performance of 1-2 months, many companies have disclosed the business performance of 1-2 months, boosting market confidence.
Kweichow Moutai Co.Ltd(600519) : from January to February of 22, it is expected to achieve a total operating revenue of about 20.2 billion yuan, an increase of about 20% year-on-year; The net profit attributable to shareholders of listed companies was about 10.2 billion yuan, a year-on-year increase of about 20%. Comments: the product sales momentum is good, and the market shows a strong sales trend. Comments: price increase of non-standard liquor, increment of new products such as 1935 and treasure Maotai, and optimization of product and channel structure.
Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) : from January to February of 22, it is expected to achieve a total operating revenue of more than 7.4 billion yuan, with a year-on-year increase of more than 35%; The net profit attributable to shareholders of listed companies was more than 2.7 billion yuan, with a year-on-year growth rate of more than 50%. Comments: “blue and white” series enhance brand strength and enhance the overall price band of products. Capacity planning has been gradually implemented, the dividends of state-owned enterprise reform have been gradually released, and two rounds of high-end + nationalization have been promoted.
Jiangsu King’S Luck Brewery Joint-Stock Co.Ltd(603369) : from January to February of 22, it is expected to achieve a total operating revenue of about 2.45 billion yuan, with a year-on-year increase of about 25%; The net profit attributable to shareholders of listed companies was about 940 million yuan, a year-on-year increase of about 26%. Comments: good sales during the Spring Festival, driven by the return of migrant workers, the consumption scene of the Spring Festival and the demand for gifts. The product structure was optimized, and the proportion of “special a +” products increased.
Jiugui Liquor Co.Ltd(000799) : from January to February of 22, it is expected to achieve a total operating revenue of about 1.4 billion yuan, an increase of about 120% over the same period last year; The net profit attributable to the shareholders of the listed company is expected to be about 465 million yuan, an increase of about 130% year-on-year. Comments: the epidemic situation in Hunan is well controlled, and the new dealers also contribute to the collection. Driven by the dual brands of internal ginseng and drunkard, the wholesale price of internal ginseng is stable, Jiugui Liquor Co.Ltd(000799) control the quantity and raise the price, and optimize the channel.
Tianyoude liquor: from January to February of the 22nd year, the total operating revenue is expected to be about 21.5 billion yuan, an increase of more than 15% over the same period of the previous year; The total profit was about 3.3 billion yuan, an increase of more than 20% over the same period last year. Comments: “big country brand” IP as the starting point, make the brand publicity content, improve the publicity efficiency and achieve user touch; Optimize the product structure and improve the product price band; The performance of core sales areas has been gradually repaired.
Inner Mongolia Yili Industrial Group Co.Ltd(600887) : from January to February of the 22nd year, the total operating revenue is expected to be about 21.5 billion yuan, an increase of more than 15% over the same period of the previous year; The total profit was about 3.3 billion yuan, an increase of more than 20% over the same period last year. Comments: the overall dynamic sales are good, and the channel inventory is at a low level. The cost pressure has been relieved and the product structure has been further upgraded.
Market Review
In recent weeks, the food and beverage index has dropped by 2.06%, ranking fourth in 28 industries in Shen Wan, winning the Shanghai and Shenzhen 300 index 2.16pct, and Baijiu (-0.64%) in the sub sectors.
Top 5 gainers of individual stocks: Anhui Golden Seed Winery Co.Ltd(600199) , Qinghai Spring Medicinal Resources Technology Co.Ltd(600381) , Shandong Delisi Food Co.Ltd(002330) , Lanzhou Zhuangyuan Pasture Co.Ltd(002910) , Jiugui Liquor Co.Ltd(000799)
The top five stocks with declines: Cha Cha food, Sirio Pharma Co.Ltd(300791) , Toly Bread Co.Ltd(603866) , Qingdao Richen Food Co.Ltd(603755) , Sichuan Teway Food Group Co.Ltd(603317)
Investment strategy
Key recommendations: 1 Kweichow Moutai Co.Ltd(600519) , Wuliangye Yibin Co.Ltd(000858) , Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) , with good disclosure performance and high certainty. 2. The milk industry giant Inner Mongolia Yili Industrial Group Co.Ltd(600887) , which is basically stable in normal temperature and low temperature milk, has made great efforts in infant powder and cheese business, and has achieved good results in the beginning of the year. 3. For companies that occupy a leading position in the subdivided fields, have a good competitive pattern and strong ability to raise prices, and are expected to reduce costs, focus on Chongqing Fuling Zhacai Group Co.Ltd(002507) , Shanghai Bairun Investment Holding Group Co.Ltd(002568) , and pay attention to Angel Yeast Co.Ltd(600298) ; 4. Ternary organism with strong downstream demand, limited upstream bargaining power and leading position in oligopoly in horizontal competition; 5. For the beer industry with improved competition pattern and high-end certainty, recommend Chongqing Brewery Co.Ltd(600132) , China Resources beer and pay attention to Tsingtao Brewery Company Limited(600600) .
Risk tips
Increased geopolitical war risk, weak consumption recovery, intensified industry competition, etc
