On the evening of March 17, Shede Spirits Co.Ltd(600702) released its annual report for 2021. In 2021, the company achieved a revenue of 4.669 billion yuan, a year-on-year increase of 83.8%, and a net profit attributable to shareholders of listed companies of 1.246 billion yuan, a year-on-year increase of 114.35%. The basic earnings per share is 3.78 yuan, and it is proposed to distribute cash of 8 yuan (including tax) for every 10 shares to all shareholders. This is also the first annual report of Shede Spirits Co.Ltd(600702) after Fosun took over.
In terms of production and marketing, the company said that shede series and Tuopai series achieved 42700 kiloliters of production throughout the year, a year-on-year increase of 136.8%, and 39100 kiloliters of sales, a year-on-year increase of 149.67%.
In terms of products, in 2021, the company’s medium and high-grade liquor and low-grade liquor achieved an operating revenue of 3.874 billion yuan and 703 million yuan respectively, with a year-on-year increase of 81.94% and 218.66% respectively, and a gross profit margin of 87.3% and 49.8% respectively. In addition, the company’s e-commerce channels grew gratifying, with an annual sales revenue of 402 million yuan, a year-on-year increase of 129.43%.
It is worth noting that fan shebin, a “niusan” who made a lot of money from his investment in Shede Spirits Co.Ltd(600702) in 2021, increased his holdings of Shede Spirits Co.Ltd(600702) 6215900 shares in the whole year, including 5509200 shares in the fourth quarter, and became the second largest circulating shareholder of the company with 14641700 shares at the end of the period. In addition, the company has also been favored by funds of many banks.
For the 2022 business plan, the company said it would actively expand production capacity, adhere to the strategy of old wine, and also want to revive the “Tuopai” brand. At the same time, the company will also focus on resources to create strategic products and actively cultivate ultra-high-end products.
Huaxin securities research report pointed out that in 2021, the company ushered in restorative growth and high growth brought by customized development business. Willing to focus on combing the price system and channel expansion of the business division, the dual brand coordinated development.
