On March 11, Wuliangye Yibin Co.Ltd(000858) (hereinafter referred to as " Wuliangye Yibin Co.Ltd(000858) ") held the 2022 investor communication meeting in the form of live video. Zeng Congqin, Secretary of the Party committee and chairman of Wuliangye Yibin Co.Ltd(000858) group (joint stock) company, led the new leading group to attend. At the meeting, Zeng Congqin stressed that he would spare no effort to build a Wuliangye Yibin Co.Ltd(000858) , which has sustained, steady and high-quality development of "ecology, quality, culture, number and sunshine", and accelerate the construction of a world-class liquor enterprise with excellent products, outstanding brands, leading innovation and modern governance.
The new leading group is ready to make its first collective appearance
As the "monitor" of Wuliangye Yibin Co.Ltd(000858) new leadership, Zeng Congqin said bluntly at the opening of this investor communication meeting: "our new leadership is basically produced by internal natural adjustment, with strong continuity, stability and sustainability, and can be seamlessly connected without transition."
As soon as the new leadership team was established, it directly faced the investor representatives and professional institutions, which can be seen from the determination of the new handsome and the confidence of the new management. At the same time, Wuliangye Yibin Co.Ltd(000858) also said that it was necessary to seize the opportunity, keep right and innovate, and further "draw a blueprint" for the development ideas and strategic measures planned by the company's Party committee, which reassured the market and capital.
Zeng Congqin stressed that Wuliangye Yibin Co.Ltd(000858) will adhere to the general tone of seeking progress while maintaining stability and seize new development opportunities. The group company will deeply implement the development strategy of "strengthening the main business, improving diversity and expanding the platform". The joint stock company will continue to deepen the "making up for weaknesses, strengthening weaknesses and consolidating excellence", and constantly promote Wuliangye Yibin Co.Ltd(000858) to a new level and make new achievements.
For the major engineering projects concerned by investors, Wuliangye Yibin Co.Ltd(000858) said that the company would closely focus on the strategic goal of "rebuilding a Wuliangye Yibin Co.Ltd(000858) ", make every effort to promote the construction of a large number of major projects that are beneficial to the current and lay a foundation for the long term, speed up the filling of the development shortcomings, continuously enhance the development momentum, and continue to strengthen the main industry liquor industry. After the project is put into operation, it will play a positive role in the development of the company's production and operation.
Double digit growth in 6 years and 24 quarters
On the eve of the investor exchange conference, Wuliangye Yibin Co.Ltd(000858) ( Wuliangye Yibin Co.Ltd(000858) . SZ) has just released its main performance forecast for 2021. In 2021, the company is expected to achieve a revenue of about 66.2 billion yuan, an increase of about 15% year-on-year; The net profit attributable to shareholders of listed companies was about 23.35 billion yuan, with a year-on-year increase of about 17%.
So far, Wuliangye Yibin Co.Ltd(000858) has achieved double-digit growth for 6 consecutive years and 24 quarters. From 2016 to 2021, Wuliangye Yibin Co.Ltd(000858) revenue increased by 13.32%, 22.99%, 32.61%, 25.20%, 14.37% and 15% respectively. A string of data shows the trend of Wuliangye Yibin Co.Ltd(000858) sustained and steady development.
Zeng Congqin said that Wuliangye Yibin Co.Ltd(000858) has formed a directional and structural trend in five aspects: continuous optimization of product system construction, continuous improvement of brand value, simultaneous rise of market performance volume and price, coordinated development of channel system and continuous improvement of enterprise modernization governance level. The five core advantages of Wuliangye Yibin Co.Ltd(000858) are more prominent, including the advantages of production area, ancient cellar group, quality, brand and consumer group, This is the confidence and confidence that Wuliangye Yibin Co.Ltd(000858) will continue to maintain steady growth in performance in the future.
With regard to the performance target for 2022, Zeng Congqin said that it is necessary to comprehensively implement the general requirements of the central and provincial economic work of "taking the lead in stability and seeking progress in stability", and handle the relationship between volume and price, production and marketing, supply and demand. The group company will continue to maintain a steady growth of more than double digits, and the joint-stock company will maintain a growth rate higher than that of the group.
The price earnings ratio is still low, and the advantages of value depressions are prominent
On March 16, Wuliangye Yibin Co.Ltd(000858) closed at 164.80 yuan / share, with a dynamic P / E ratio of 27.69.
It is easy to see that Wuliangye Yibin Co.Ltd(000858) is low in Baijiu company. In this regard, a number of securities companies mentioned in the research report that with the smooth transition of the new management, Wuliangye Yibin Co.Ltd(000858) valuation repair can be expected.
The first Shanghai Securities research report pointed out that with the new management becoming more and more stable, the company will continue to strengthen the core brand marketing, refined channel management, implementation of market inventory and price control, Wuliangye Yibin Co.Ltd(000858) the product volume, price and performance are expected to continue to develop healthily.
According to the document issued by Kaiyuan securities, Wuliangye Yibin Co.Ltd(000858) went into battle with light equipment in 2022. At present, the company's valuation is at the expected low point. It is optimistic that the market reform action after the personnel stability of the company's management will lead to the recovery of the approval price and drive the enthusiasm of the channel, so as to achieve long-term sustainable development.
It is worth noting that institutions and securities companies have confidence in Wuliangye Yibin Co.Ltd(000858) . At the Wuliangye Yibin Co.Ltd(000858) 2022 investor communication meeting held on November 11, e fund, China Merchants Fund and other institutions and securities companies participated in the research. In addition, according to incomplete statistics, 42 institutions have rated Wuliangye Yibin Co.Ltd(000858) in the past 90 days, including 40 buy ratings and 2 overweight ratings.
