China News Service, Beijing, May 7 (Reporter Chen Kangliang) As an "eye-catching" sector in China's A-share market, the performance of listed companies in the liquor industry has always been eye-catching.
According to the financial reports disclosed by listed companies in the liquor industry recently, the listed companies in the liquor industry ushered in a "good start" in the first quarter, with operating income and net profit rising "in parallel".
According to statistics from CITIC Securities, in the first quarter of 2022, the operating income of 18 A-share listed liquor companies was about 113.7 billion yuan (RMB, the same below), a year-on-year increase of 19%; the net profit was about 44.9 billion yuan, a year-on-year increase of 26%. .
Among them, the financial report disclosed by the industry leader Kweichow Moutai shows that the company achieved revenue of 32.296 billion yuan in the first quarter, a year-on-year increase of 18.43%; net profit attributable to shareholders of listed companies was 17.245 billion yuan, a year-on-year increase of 23.58%.
Wuliangye also performed well.
Statistics show that in the first quarter, Wuliangye achieved operating income of about 27.548 billion yuan, a year-on-year increase of 13.25%; net profit attributable to shareholders of listed companies was 10.823 billion yuan, a year-on-year increase of 16.08%.
In this regard, Jiang Ya, an analyst at CITIC Securities, said that in the context of the increase in the new crown pneumonia epidemic in March and the pressure on the overall consumption environment, the performance of listed companies in the liquor industry in the first quarter slightly exceeded expectations.
Among them, high-end wine continued to maintain a stable trend, Moutai accelerated its growth, and Wuliangye continued to control volume and support prices.
Looking forward to the future, Jiang Ya believes that the liquor industry, especially the leading liquor companies, will maintain a relatively stable and rapid growth.
But in the short term, the lack of consumption scenarios due to epidemic control will inevitably have a certain impact on liquor sales.
It is expected that in the second quarter and the second half of 2022, the consumption demand of liquor may be under pressure due to the economic environment and the local epidemic situation, but the annual performance will be supported by a good start.
Ping An Securities analyst Zhang Jinyi is also optimistic.
Zhang Jinyi analyzed that from historical experience, liquor has the ability to go through cycles.
The driving force of consumption upgrade is an important reason for the liquor industry to pass through the cycle. With the increase of per capita income, the mainstream price of liquor has been continuously upgraded. We are optimistic about the future development prospects and future performance of the liquor industry.
Zheshang Securities analyst Yang Ji is also optimistic about the stock price trend of the liquor sector.
Yang Ji said that considering that the liquor industry is still in the expansion stage, high-end wine and sub-high-end wine may meet the expected development. At present, the main wine companies have smoothly returned their payments, and their inventories have remained healthy and prices are stable.
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