Sino-Singapore Jingwei, March 31st, the total assets increased by 19.58%, the net profit was 52.460 billion yuan, and the planned dividend was 27.228 billion yuan... On the 31st, Kweichow Moutai released its 2021 annual report.

　　Screenshot of Kweichow Moutai Annual Report

Revenue exceeds 100 billion for the first time

　　As a leader in the liquor industry, the annual report shows that in 2021, Kweichow Moutai will achieve a total operating income of 106.190 billion yuan, a year-on-year increase of 11.88%; a net profit attributable to the parent of 52.460 billion yuan, a year-on-year increase of 12.34%, equivalent to a daily income of 144 million yuan; business activities The net cash flow generated was 64.029 billion yuan, a year-on-year increase of 23.92%; total assets reached 255.168 billion yuan, a year-on-year increase of 19.58%.

　　Wind data shows that the total operating income of Kweichow Moutai has continued to rise to a new level. From 2015 to 2020, the total operating income of Kweichow Moutai was 33.447 billion yuan, 40.155 billion yuan, 61.063 billion yuan, 77.199 billion yuan, 88.854 billion yuan, and 97.993 billion yuan. It will exceed 100 billion yuan for the first time in 2021.

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　　From the perspective of main business, the annual report disclosed that in 2021, Kweichow Moutai liquor achieved operating income of 106.059 billion yuan, a year-on-year increase of 11.85, and gross profit margin increased by 0.14 percentage points to 91.62%; wholesale agency business income was 82.030 billion yuan, a year-on-year increase of 0.55. %; the direct sales channel brought operating income of 24.029 billion yuan, a year-on-year increase of 81.49%.

　　In terms of subdivided products, Moutai is still the main source of income for Kweichow Moutai.

According to the annual report, in 2021, the operating income of Moutai will be 93.465 billion yuan, a year-on-year increase of 10.18%; the operating income of other series of wines will be 12.595 billion yuan, a year-on-year increase of 26.06%.

More than half of net profit distribution

　　Under the high profit, Kweichow Moutai pays dividends without mercy.

The annual report discloses that Kweichow Moutai plans to distribute a cash dividend of 21.675 yuan (tax included) to all shareholders of the company for every 10 shares based on the total share capital of 1.256 billion shares at the end of 2021, with a total distribution of 27.228 billion yuan in profits, and the remaining 133.489 billion yuan will be reserved for future annual distribution. .

Based on a net profit of 52.460 billion yuan, Kweichow Moutai's 2021 dividend will account for 51.90%.

　　According to Wind data, from 2001 to 2020, Kweichow Moutai has implemented cash dividends 20 times, with a cumulative cash dividend of 121.353 billion yuan and a dividend rate of 39.38%.

In addition, dividends in 2021 will also hit a new high.

　　Regarding the business goals for 2022, Kweichow Moutai's annual report disclosed that first, the total operating income increased by about 15% compared with the previous year, and second, the capital construction investment was 6.969 billion yuan.

　　On the evening of March 28, Kweichow Moutai disclosed its main operations in the first quarter of 2022.

Kweichow Moutai said that since 2022, the company's product sales momentum has been improving, the market has shown a booming trend, and it has successfully achieved "stable door opening" and "good start".

According to the company's preliminary calculation, in the first quarter of 2022, the company is expected to achieve a total operating income of about 33.1 billion yuan, a year-on-year increase of about 18%; it is expected to achieve a net profit attributable to shareholders of the listed company of about 16.6 billion yuan, a year-on-year increase of about 19%.

　　On the secondary market, as of the close on March 30, the share price of Kweichow Moutai rose 3.79% to 1730.10 yuan.

(Sino-Singapore Jingwei APP)