Topic of this week: on April 6, Jiangsu King’S Luck Brewery Joint-Stock Co.Ltd(603369) announced that Zhou suming, chairman of the board of directors, would serve as honorary chairman after his resignation due to his retirement. Gu Xiangyue, vice chairman, took over as the new chairman of Jiangsu King’S Luck Brewery Joint-Stock Co.Ltd(603369) the board of directors, the chairman of the strategy committee of the board of directors and the member of the nomination committee of the board of directors. The term of office is the same as that of the Fourth Board of directors of the company Jiangsu King’S Luck Brewery Joint-Stock Co.Ltd(603369) new chairman Gu Xiangyue is 54 years old and once served as chairman of the CPPCC in Lianshui County, Jiangsu Province. In November 2020, Zhou suming resigned as the general manager of Jiangsu King’S Luck Brewery Joint-Stock Co.Ltd(603369) and Gu Xiangyue took over as the vice chairman of Jiangsu King’S Luck Brewery Joint-Stock Co.Ltd(603369) company. Now Gu Xiangyue takes over Zhou suming as chairman of the board, and the new and old teams realize a “smooth transition”, which is conducive to the healthy and sustainable development of the company. In January 2021, Jiangsu King’S Luck Brewery Joint-Stock Co.Ltd(603369) reformulated the outline of the five-year strategic plan, and put forward the goal of achieving revenue of 10 billion yuan by 2025, with the market outside the province accounting for more than 20%. In the future, the company will continue to promote the nationalization and high-end strategy, increase market investment and achieve high-quality growth. It is suggested to pay attention to the regional expansion and equity incentive progress of the company.
Industry highlights: 1) Juewei Food Co.Ltd(603517) non-public fund raising was approved. 2) Fu Jian Anjoy Foods Co.Ltd(603345) plans to acquire the remaining equity of Mr. frozen products. 3) Yibin Baijiu sales break 160 billion. 4) Tsingtao Brewery Company Limited(600600) responded to the rising cost of raw materials. 5) Jinhui Liquor Co.Ltd(603919) Shanghai and Jiangsu set up sales companies to actively expand the East China market. 6) Maotai plans to develop cultural and creative products related to the 24 solar terms. 7) Eternal Asia Supply Chain Management Ltd(002183) liquor operating revenue of 1.245 billion.
Rise and fall of the secondary market: from April 4 to April 8, the commerce and trade of the secondary market was – 0.49%, food and beverage was – 1.26%, agriculture was – 4.82%, ranking 10th, 14th and 30th in CITIC 30 industry.
Risk tips: 1. The risk of macroeconomic weakness; 2. The risk of long-term epidemic prevention and control in China; 3. Risks of major food safety incidents; 4. Major agricultural epidemic risk.
