In 2021, Wuliangye Yibin Co.Ltd(000858) operating performance improved significantly, becoming a listed A-share liquor company with double-digit growth in operating revenue for 24 consecutive quarters.
On March 29, Wuliangye Yibin Co.Ltd(000858) ( Wuliangye Yibin Co.Ltd(000858) ) announced that in order to actively repay the support and love of investors for the company, after research, listed companies preliminarily consider that the amount of cash dividends in 2021 should not be less than 11.5 billion yuan (including tax). It should be noted that the dividend amount will reach a record high since Wuliangye Yibin Co.Ltd(000858) listing. 18 cash dividends have been implemented and completed before, with a cumulative dividend of 49.6 billion yuan.
cash dividend rate remains at 50%
Wuliangye Yibin Co.Ltd(000858) announcement points out that the specific scheme of cash dividend in 2021 will be decided by Wuliangye Yibin Co.Ltd(000858) board of directors in accordance with procedures and submitted to the general meeting of shareholders for deliberation and approval before implementation.
The reporter of securities times · e company noted that the profit distribution plan for 2020 is 25.8 yuan (including tax) for every 10 shares, and the total cash dividend is 10.015 billion yuan. If the amount announced today is implemented in 2021, the amount of Wuliangye Yibin Co.Ltd(000858) cash dividend will exceed 10 billion yuan again, the highest dividend amount since listing. Since its listing in 1998, Wuliangye Yibin Co.Ltd(000858) has implemented 18 cash dividends in total, with a total cash dividend of 49.6 billion yuan, 13 times the total amount of funds raised since its listing.
Wuliangye Yibin Co.Ltd(000858) relevant people said that in recent years, the cash dividend rate has been maintained at about 50%, sharing the company’s development achievements with investors. Cash dividend is not only an important form to realize the return on investment, but also an important way to cultivate the long-term investment concept of the capital market and enhance the vitality and attraction of the capital market. Allowing investors to share the dividend of Wuliangye Yibin Co.Ltd(000858) performance growth is not only the embodiment of Wuliangye Yibin Co.Ltd(000858) sustainable and high-quality development, but also the cornerstone of strengthening the capital market and investor confidence.
On March 9, Wuliangye Yibin Co.Ltd(000858) once released the annual performance express of 2021. During the reporting period, Wuliangye Yibin Co.Ltd(000858) operating revenue and net profit reached about 66.2 billion yuan and 23.4 billion yuan respectively, both of which achieved double-digit growth and set a new record; The basic earnings per share is about 6 yuan. So far, Wuliangye Yibin Co.Ltd(000858) has become the only A company listed on Baijiu liquor that has achieved two digit growth in 6 consecutive and 24 quarters.
As the Wuliangye Yibin Co.Ltd(000858) core product, the eighth generation Wuliangye Yibin Co.Ltd(000858) has excellent overall performance and good dynamic sales momentum. According to the reporter of securities times · e company, during the Spring Festival in 2022, Wuliangye Yibin Co.Ltd(000858) mobile sales increased by more than 20% year-on-year, and it is expected to continue to maintain a good growth momentum in the first quarter.
Since 2021, Wuliangye Yibin Co.Ltd(000858) market demand has been stable, supported by strong brand strength in the price band of 1000 yuan; The latest performance express also revealed that the rise of the eighth generation Wuliangye Yibin Co.Ltd(000858) volume and price continued. From this stage, although the repeated outbreak and weak demand have a certain impact on the consumption of Baijiu Baijiu, but in the high-end liquor, because of the more rigid demand, the main demand is to give gifts and small-scale business banquets, and the market demand is still relatively stable.
Earlier, a Wuliangye Yibin Co.Ltd(000858) dealer told the reporter of securities times · e company that during the Spring Festival this year, the dynamic sales of Wuliangye Yibin Co.Ltd(000858) related products were good, with a year-on-year increase of about 20%. Based on this calculation, Wuliangye Yibin Co.Ltd(000858) the performance in the first quarter of this year is expected to continue to achieve double-digit growth.
8th generation Wuliangye Yibin Co.Ltd(000858) movable pin meets expectations
In February, Wuliangye Yibin Co.Ltd(000858) completed the “change of handsome”, and the “one brother” of Luzhou Baijiu liquor officially entered Zeng chin Qin.
On the afternoon of March 11, Wuliangye Yibin Co.Ltd(000858) held an online investor exchange meeting. Zeng Congqin, chairman of Wuliangye Yibin Co.Ltd(000858) group (joint stock) company, led the new senior management team to make a collective appearance for the first time to communicate with investors on development strategy, development ideas, marketing strategies and so on.
At the exchange meeting, Zeng Congqin stressed that Wuliangye Yibin Co.Ltd(000858) is in an important window period and a period of strategic opportunities for a new round of high-quality development. It is necessary to seize opportunities, abide by innovation, coordinate the commodity market and capital market and promote each other. “Draw a blueprint to the end”, Wuliangye Yibin Co.Ltd(000858) will continue to make up for weaknesses, lengthen the board and upgrade new kinetic energy in accordance with the policy of “making up for weaknesses, strengthening strengths and strengthening excellence”, and make every effort to build a Wuliangye Yibin Co.Ltd(000858) , which has sustained, steady and high-quality development integrating “ecology, quality, culture, number and sunshine”.
“Consumers, investors and dealers are our God. We should fear and serve well to satisfy God.” Zeng Congqin said that we should coordinate the commodity market and capital market, promote each other and complement each other.
Combined with the current situation, Zeng Congqin judged that from the macro environment, the fundamentals of China’s economic stability and long-term improvement have not changed; From the perspective of industry development, structural growth is still the main melody of industry development, and the trend towards three concentration of advantageous brands, advantageous enterprises and advantageous production areas is further increasing. More importantly, the growth logic and fundamentals of the Baijiu industry have strong support, and the price of 1000 yuan is continuously expanding.
When talking about the performance planning for 2022, Zeng Congqin said that we should ensure that Wuliangye Yibin Co.Ltd(000858) is better than the industry average and ahead of the first tier. In particular, by properly handling the relationship between volume and price, production and marketing, supply and demand, effectively maintain the current “stable” trend and “progress”, actively promote the relative balance between low and peak seasons, and form a sustained, steady and high-quality development pattern.
In the question and answer session for investors, Wuliangye Yibin Co.Ltd(000858) said that during the spring of this year, the eighth generation Wuliangye Yibin Co.Ltd(000858) of core products basically achieved high dynamic sales, and the key work after the festival is to comprehensively improve the normal profit space of the channel. Relying on the digital marketing system, fine manage the traditional channels, optimize the traditional channels, reduce and control the problem channels. In 2022, the eighth generation Wuliangye Yibin Co.Ltd(000858) mobile sales met expectations. Except for slight fluctuations in epidemic cities such as Xi’an and Tianjin, mobile sales in various regions showed a double-digit growth.
At the same time, Wuliangye Yibin Co.Ltd(000858) further pointed out that the amount of new retail and Ka e-commerce system has been increased this year to meet the market demand and the leading level of the growth of famous wines in the industry. In addition, the change of consumption pattern forces traditional dealers to transform, and promote the transformation from big business to brand chain terminal and small business to direct group purchase.
