Red Star capital Bureau reported on April 9 that Lanzhou Huanghe Enterprise Co.Ltd(000929) ( Lanzhou Huanghe Enterprise Co.Ltd(000929) . SZ) announced that Lanzhou Huanghe Enterprise Co.Ltd(000929) fine Brewing Beer Co., Ltd. (hereinafter referred to as “Lanzhou fine brewing”) which suspended production and marketing activities in late March this year began to resume production in an orderly manner.
Due to the need of epidemic prevention, the production and marketing of Lanzhou Jianiang has been suspended for 17 days, which is expected to have a certain adverse impact on the company’s performance in the first quarter of 2022. The announcement said that the suspension of production and marketing of Lanzhou fine wine is a temporary measure and is not expected to have a significant adverse impact on the long-term development of the company.
In 2021, due to the fluctuation of bulk commodity prices, the price of raw and auxiliary materials for beer production rose, and the covid-19 pneumonia epidemic in Gansu and Qinghai provinces from late October to early December, resulting in the stagnation of beer production and marketing. Although the production and marketing volume of Lanzhou Huanghe Enterprise Co.Ltd(000929) beer increased slightly compared with the same period last year, the main business performance still suffered large losses.
Lanzhou Huanghe Enterprise Co.Ltd(000929) it is estimated that in 2021, the operating revenue will be about 300 million yuan and the profit will be about 20 million yuan, which will turn losses into profits. However, this is mainly due to the significant year-on-year growth of securities investment disposal and holding income belonging to non recurring profits and losses, which is expected to be about 18 million yuan, and the income from the transfer of 60% equity of Gansu Qinghe Jiayuan Real Estate Co., Ltd. is about 24 million yuan. The superposition of the two allows the company to turn losses into profits in the reporting period.
