Topic of this week: on April 11, Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) released the main financial data of 2021 and the forecast for the first quarter of 2022. In 2021, the revenue was 19.971 billion yuan, a year-on-year increase of 42.75%, and the net profit attributable to the parent company was 5.314 billion yuan, a year-on-year increase of 72.56%, which was in line with the expectation; In the first quarter of 2022, the total operating revenue is expected to be about 10.5 billion yuan, an increase of about 43% year-on-year; It is estimated that the net profit attributable to the parent company will be about 3.7 billion yuan, with a year-on-year increase of about 70%, making a successful start and exceeding market expectations. In the fourth quarter of 2021, the company took the initiative to control the market rhythm and strictly control the goods to be destocked. In 2021, blue and white series performed well, with stable overall price and benign inventory. Among them, the growth rate of blue and white 30 revival version is leading, and the proportion has increased significantly Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) 21 ended smoothly and made a good start in 22 years, which shows the brand advantage and sustainable growth potential of the company as the leader of fragrance. In the future, the company will continue to benefit from the large-scale and national expansion of blue and white series, with a good growth momentum.
Industry highlights: 1) I Maotai’s “two micro enterprises” went online. 2) In March, alcohol consumption prices rose by 1.7% year-on-year. 3) Chacha Food Company Limited(002557) 2021 revenue increased by 13.15% year on year. 4) Toly Bread Co.Ltd(603866) 2022 first quarter revenue increased by 9.4% year on year. 5) Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) 2021 revenue increased by 42.75% year on year. 6) Beijing Shunxin Agriculture Co.Ltd(000860) 2021 revenue decreased by 4.14% year on year. 7) Qinghualang raised the price by 100 yuan / bottle. 8) Jiangsu King’S Luck Brewery Joint-Stock Co.Ltd(603369) 2021 revenue increased by 25.12% year on year.
Rise and fall of the secondary market: from April 11 to April 15, food and beverage in the secondary market + 4.15%, agriculture + 1.29%, commerce + 0.12%, ranking No. 3, 4 and 7 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.
