On the evening of April 26, “stock king” Kweichow Moutai Co.Ltd(600519) released the first quarterly report of 2022. In the first quarter of this year, the revenue reached 32.296 billion yuan, an increase of 18.43% year-on-year; The net profit attributable to the parent company was 17.245 billion yuan, a year-on-year increase of 23.58%. This achievement exceeded the company’s previous expectations and reached a record high in a single quarter.
single quarter net profit hit a new high
Previously, Kweichow Moutai Co.Ltd(600519) announced the main operating conditions in the first quarter of 2022. In the first quarter, the company is expected to achieve a total operating revenue of about 33.1 billion yuan, an increase of about 18% year-on-year; The net profit attributable to the parent company is expected to be about 16.6 billion yuan, with a year-on-year increase of about 19%. The quarterly report disclosed tonight shows that Kweichow Moutai Co.Ltd(600519) net profit attributable to parent company is higher than previously estimated.
At the same time, according to the data over the years, the net profit attributable to the parent company in the first quarter of this year hit a record high after the fourth quarter of 2021, and the performance growth rate in the first quarter also hit a new high since the first quarter of 2019.
In 2021, Kweichow Moutai Co.Ltd(600519) achieved a total operating income of 106.19 billion yuan, an increase of 11.88% year-on-year, breaking the 100 billion mark for the first time; The net profit attributable to the parent company was 52.46 billion yuan, a year-on-year increase of 12.34%; The non net profit deducted was 52.581 billion yuan, an increase of 11.84% year-on-year.
In terms of cash dividends, Kweichow Moutai Co.Ltd(600519) is even more generous: Based on the total share capital of 1.256 billion shares at the end of 2021, cash dividends of 216.75 yuan (including tax) will be distributed to all shareholders of the company for every 10 shares, with a total dividend of 27.228 billion yuan, accounting for more than half of the net profit attributable to the parent company.
At the same time, the company also put forward the development goals for 2022 in its annual report: first, the total operating revenue increased by about 15% compared with the previous year; Second, 6.969 billion yuan was invested in capital construction.
consumption ushers in favorable policies
On April 25, the general office of the State Council issued the opinions on further releasing consumption potential and promoting sustainable recovery of consumption.
It is proposed to innovate consumption formats and models, meet the needs of normalized epidemic prevention and control, promote new consumption, accelerate the organic integration of Wuxi Online Offline Communication Information Technology Co.Ltd(300959) consumption, expand and upgrade information consumption, and cultivate and expand new consumption formats. Strengthen the cross-border integration of Commerce, culture, tourism, sports, health, transportation and other consumption, and actively expand new scenes of immersive, experiential and interactive consumption.
On April 26, Baijiu, catering tourism, food and beverage and other consumer stocks rose against the trend. As of the closing, the Baijiu index rose 2.6%, the catering tourism index rose nearly 2%, the food index rose more than 1%, and the beverage index rose nearly 1% Kweichow Moutai Co.Ltd(600519) rose to 173248 yuan, up 1.43%.
