On March 23, Shanghai Yuyuan Tourist Mart (Group) Co.Ltd(600655) ( Shanghai Yuyuan Tourist Mart (Group) Co.Ltd(600655) . SH) issued a clarification announcement saying that recently, it was concerned about the rumor that the media reported that the company planned to acquire a wine enterprise. After verification by the company, the above report was untrue.
Previously, according to media reports, Fosun is negotiating the acquisition with Guizhou Yelang ancient wine industry and has entered the adjustment stage. “Fosun began due diligence on Yelang ancient wine last year, and should have reached a consensus on valuation and future development planning, which will be announced soon,” the news said. Meanwhile, Fosun will continue to acquire through its holding listed company Shanghai Yuyuan Tourist Mart (Group) Co.Ltd(600655) and then put Yelang ancient wine industry under Shede Spirits Co.Ltd(600702) .
However, Shanghai Yuyuan Tourist Mart (Group) Co.Ltd(600655) in its announcement denied the above acquisition rumors.
According to official introduction of the nlun ancient liquor industry, Guizhou night wine Limited by Share Ltd is a comprehensive liquor making enterprise integrating liquor production, research and development and sales, located in the famous liquor Industrial Park of Renhuai, China’s Baijiu core production area. Now it covers an area of more than 300 mu, with a production capacity of 8000 tons and a wine storage capacity of 50000 tons.
For Shanghai Yuyuan Tourist Mart (Group) Co.Ltd(600655) , the Baijiu raceway is one of the main tracks of its layout. At the same time, Shanghai Yuyuan Tourist Mart (Group) Co.Ltd(600655) has established a new liquor development company Fuyu liquor development group, enabling the long-term development of the liquor industry.
Before that, Shanghai Yuyuan Tourist Mart (Group) Co.Ltd(600655) took two liquor brands in one fell swoop in 2020. In May 2020, Shanghai Yuyuan Tourist Mart (Group) Co.Ltd(600655) bought the Baijiu brand Jinhui Liquor Co.Ltd(603919) 30% stake at 1 billion 837 million yuan, and then increased its Jinhui Liquor Co.Ltd(603919) holdings by 715 million. Finally, Shanghai Yuyuan Tourist Mart (Group) Co.Ltd(600655) held Jinhui Liquor Co.Ltd(603919) 38% shares.
In December of the same year, Shanghai Yuyuan Tourist Mart (Group) Co.Ltd(600655) made another move and successfully won 70% equity of shede group at the price of 4.53 billion yuan.
China’s Baijiu Baijiu liquor chairman Guo Guangchang once mentioned liquor industry in public. Guo Guangchang said, “drinking so much wine is the best flavor of Chinese liquor.” Meanwhile, it indicated that the layout of the wine industry will not be limited to the Baijiu industry. “From the overall layout of Fosun, China’s good wine is not just Baijiu, we will continue to lay out other good wine.”
And the layout of the Baijiu track has contributed significantly to the performance of Shanghai Yuyuan Tourist Mart (Group) Co.Ltd(600655) . Shanghai Yuyuan Tourist Mart (Group) Co.Ltd(600655) annual report shows that in 2021, Shanghai Yuyuan Tourist Mart (Group) Co.Ltd(600655) ‘s liquor revenue was 1 billion 798 million yuan, and its revenue grew by 190.79% over the same period last year. It has become the second largest business segment in the operation of Yu Garden industry. The acquired Shede Spirits Co.Ltd(600702) 2021 achieved an annual operating revenue of 4.97 billion yuan, a year-on-year increase of 83.8%, and a net profit of 1.25 billion yuan, a year-on-year increase of 114.4%.
In addition, according to Shanghai Yuyuan Tourist Mart (Group) Co.Ltd(600655) annual report, in 2021, Shanghai Yuyuan Tourist Mart (Group) Co.Ltd(600655) achieved an operating revenue of 51.06 billion yuan, a year-on-year increase of 12.2%; The net profit attributable to the parent company was 3.86 billion yuan, a year-on-year increase of 6.9%; The gross profit margin increased by 2.33 percentage points to 13.71%.
As of the closing on March 23, Shanghai Yuyuan Tourist Mart (Group) Co.Ltd(600655) reported 10.41 yuan / share, up 1.96%.
