Anhui Kouzi Distillery Co.Ltd(603589) product upgrading has achieved remarkable results, with double-digit growth in revenue and net profit last year

On March 14, Anhui Kouzi Distillery Co.Ltd(603589) released the performance express, which said that the total operating revenue in 2021 was 5.029 billion yuan, an increase of 25.37% year-on-year; The net profit was 1.727 billion yuan, a year-on-year increase of 35.37%.

In addition, in 2021, the company achieved an operating profit of 2.361 billion yuan, a year-on-year increase of 39.94%; The total profit was 2.365 billion yuan, a year-on-year increase of 41.65%; The basic earnings per share was 2.88 yuan, a year-on-year increase of 35.21%.

Anhui Kouzi Distillery Co.Ltd(603589) said that the company’s operating profit, total profit and basic earnings per share increased by more than 30%, mainly due to the increase in the sales revenue of high-end products in the current period.

Cai Xuefei, an analyst at Baijiu, pointed out that the performance of Anhui Kouzi Distillery Co.Ltd(603589) exceeded expectations last year. Anhui Kouzi Distillery Co.Ltd(603589) , as a representative of Anhui, has a stable consumer group in the Yanghe River. Its channel loyalty is high and its product has good reputation. It can achieve such a good sales and profit growth in Gujing, the Yanghe River and a famous liquor industry. It is proved that Anhui Kouzi Distillery Co.Ltd(603589) is still strong in Anhui market under the stock squeeze market, the effect of product upgrading is obvious, and the effect of reform is emerging one after another.

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