This week’s topic: on April 21, Shede Spirits Co.Ltd(600702) released the main financial data for the first quarter of 2022. In 2022q1, the revenue was 1.884 billion yuan, an increase of 83.3% year-on-year; The net profit attributable to the parent company was 531 million yuan, a year-on-year increase of 75.8%; The net profit deducted from non parent company was 517 million yuan, with a year-on-year increase of 72.5%, which made a good start. At the same time, the company disclosed that it plans to invest 7.054 billion yuan to promote the five-year production and capacity expansion project. It is expected that after the completion of the project, the annual output of raw wine will be increased by 60000 tons, the energy storage capacity of raw wine will be increased by 342500 tons, and the annual koji making capacity will be increased by about 50000 tons. The project will further optimize the existing production layout and improve the market competitiveness of Shede Spirits Co.Ltd(600702) products Shede Spirits Co.Ltd(600702) in the case of repeated outbreaks in China, the company still made a good start and achieved brilliant growth, highlighting the company’s brand advantages and sustainable growth potential. In the future, the company is expected to continue to undertake the expansion bonus of the secondary high-end market with strong development momentum.
Industry highlights: 1) Yum China appoints the first chief customer officer. 2) In the first quarter, the price of tobacco and alcohol decreased by 1.3% and the total retail sales of food, tobacco and alcohol increased by 11.8%. 3) Kuaijishan Shaoxing Rice Wine Co.Ltd(601579) 2021 revenue increased by 12.81% year on year. 4) Toly Bread Co.Ltd(603866) 2022q1 revenue increased by 9.43% year-on-year. 5) Sanquan Food Co.Ltd(002216) 2021 revenue increased by 0.25% year on year. 6) Yantai Shuangta Food Co.Ltd(002481) 2021 revenue increased by 7.22% year on year. 7) Shede Spirits Co.Ltd(600702) 2022q1 revenue increased by 83.25% year-on-year. 8) The revenue of Nestle group in 2022q1 increased by 5.4% year-on-year.
Rise and fall of the secondary market: from April 17 to April 22, the food and beverage of the secondary market was – 1.75%, agriculture was – 2.83%, commerce and trade was – 3.50%, ranking No. 3, 7 and 10 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.
