On April 23, the reporter of Beijing News learned that Tonghua Grape Wine Co.Ltd(600365) (securities referred to as ” Tonghua Grape Wine Co.Ltd(600365) “) released its annual report for 2021, which showed that its operating revenue was 678 million yuan, a year-on-year increase of 11.53%; The net profit increased from a loss of 67.92 million yuan in 2020 to a profit of 3.7645 million yuan in 2021, turning losses into profits.
According to the annual report, in 2021, Tonghua Grape Wine Co.Ltd(600365) ‘s wine business revenue reached 463665 million yuan, a year-on-year decrease of 10.15%. The operating revenue of e-commerce platform reached 630 million yuan, with a year-on-year growth rate of 13.28% Tonghua Grape Wine Co.Ltd(600365) in introducing its development strategy, it is mentioned that the rapid development of e-commerce business of drinks has become the main source of revenue and profit of the company.
In the first quarter of 2022, Tonghua Grape Wine Co.Ltd(600365) ‘s main liquor industry is still not optimistic. From January to March, the sales revenue of low-grade liquor products was 8.72 million yuan, a year-on-year decrease of 4.6%; The sales revenue of medium and high-end liquor products decreased by 2.761 million yuan year-on-year. There were 6 new distributors of alcohol products and 0 withdrawn distributors. There were 121 distributors at the end of the reporting period.
Overall, Tonghua Grape Wine Co.Ltd(600365) in the first quarter of 2022, the operating revenue still increased slightly, reaching 239 million yuan, a slight increase of 4.01%, but the net profit loss was 3.986 million yuan, a year-on-year decrease of 763.32%.
