Sichuan Swellfun Co.Ltd(600779) : the sales volume of medium and high-grade wine increased, and the net profit in 2021 increased by about 64% year-on-year

Sichuan Swellfun Co.Ltd(600779) on the evening of January 26, the company released the performance forecast for 2021. The company expects to realize the net profit attributable to the shareholders of the listed company in 2021, an increase of 468 million yuan compared with the same period of last year, a year-on-year increase of about 64%; It is estimated that the net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses will increase by 490 million yuan compared with the same period of last year, with a year-on-year increase of about 68%.

The company expects to achieve an increase of 1.626 billion yuan in operating revenue in 2021 compared with the same period of last year, with a year-on-year increase of about 54%; Compared with the same period last year, the sales volume increased by about 3171 kiloliters, with a year-on-year increase of about 40%. All the sales growth came from medium and high-grade wine.

Announcements of the reasons for the performance change show that since 2021, China’s COVID-19 pneumonia has been effectively controlled, and the gathering social consumption has gradually recovered, and the Baijiu industry is warming up obviously. During the reporting period, the company welcomed the recovery and development of the industry with a positive and steady attitude, further accelerated the pace of product upgrading and innovation, tried to practice the brand high-end strategy, and continuously achieved marketing breakthroughs. In addition, the year-on-year base was low, and the company’s revenue and profit during the reporting period increased significantly compared with the same period of last year.

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