Today, the A-share "forever dipping God" Guizhou Moutai 2020 shareholders' meeting was held at the Moutai International Hotel as promised.

What attracts attention from the outside world is that the shareholders' meeting of Maotai specially arranged the exchange of shareholders. Lin Yuan and Dan Bin, two well-known private equity investors in Guizhou Moutai, appeared at the shareholders' meeting and made wonderful remarks.

Gao Weidong, chairman of Maotai, gave corresponding answers to questions of concern to investors, such as the expansion of Maotai liquor production capacity, the proportion of cash and dividends in the company's account, the development of series liquor, the new production capacity of series liquor and the situation of production.

Investment bosses talk about Maotai

Lin Yuan, chairman of Shenzhen Linyuan Investment, said at the meeting that Maotai should make reforms in selling alcohol, the Securities Market Red Weekly reported.

At the meeting, Lin Yuan, the boss of the investment, was filled with emotion: I own 30 billion Maotai and draw lots to buy wine like a beggar.

Dan Bin, chairman of Shenzhen Oriental Harbor, said at the scene that it is suggested that Maotai launch 100 surname wine, raise prices to return to rationality, split shares to increase the number of shareholders, and so on.

In his speech, Zhai Jingyong, chairman and CEO of Shenzhen Rongshu Investment, suggested that Maotai should make efforts in the sales link to straighten out the sales price system, so as to promote Maotai to achieve real steady and high-speed development. Zhai Jingyong mentioned that at the price of 969 yuan (leaving the factory), Maotai now costs 1499 yuan when it goes out and 3000 yuan if it goes out. Such a price system has led to repeated prohibitions on the resale of Maotai, which is easy to breed corruption.

Capacity expansion is relatively cautious

The complaints of the investment bosses are based on the market situation that it is difficult to buy a bottle of Moutai at the original price. At the shareholders' meeting, Gao Weidong, chairman of Guizhou Moutai, also responded to the problem of expanding the production capacity of Moutai.

Gao Weidong said that it is necessary to carry out rigorous, prudent and scientific demonstration and research on whether the production capacity of Maotai can be increased or not during the 14th five-year Plan period. Otherwise, the most important quality requirements may be lost because of the blind pursuit of scale and quantity. Therefore, Maotai is now entrusting the most professional institutions in China to conduct all-round research and demonstration in combination with the 14th five-year Plan.

According to the production capacity planning, the production capacity of Maotai Liquor is expected to reach 55300 tons this year.

In this regard, Gao Weidong explained that this year's production capacity is expected to reach 55300 tons, in fact, it was proposed as early as a decade ago.

We began to start the relevant demonstration, from demonstration to implementation to production, it took about ten years to achieve today's goal.

About the proportion of cash and dividends on the company's account

In addition to the question of capacity expansion, Gao Weidong also gives corresponding answers to the cash and dividend ratio on Maotai's account and the development of a series of wines.

With regard to the proportion of cash and dividends on the company's account, Gao Weidong said that Maotai has been using sustained and stable cash dividends to return to the majority of investors since its listing.

This year, for example, if the distribution plan is approved, the cumulative cash dividend over the past 20 years will reach 121.4 billion yuan, about 61 times the net funds raised by the listing, which is relatively good in the entire A-share market. it is also at the highest level in the same industry.

For the huge amount of money lying on Maotai's account, Gao Weidong said that on the one hand, it is to resist risks, on the other hand, with regard to the use of funds, it is necessary to raise the income level on the premise of ensuring the safety of funds.

Development of a series of wines

Gao Weidong said that the series wine is an important part of the company's product system. During the 13th five-year Plan period, in order to cultivate and strengthen the Maotai-flavor wine consumer group, the company put forward a two-wheel drive strategy, which further enriched and optimized the company's product system. Series wine has gradually become an important growth pole of the company.

In terms of series of wine products, the company deeply implemented the strategy of "big single product". The sales of Prince Maotai exceeded 4 billion yuan, Han Sauce, Laimao and Guizhou Daqu stood at 1 billion, and successfully built and consolidated the product cluster with Maotai Prince Liquor as the core. it also presents a market situation with better structure and better efficiency.

New production capacity and commissioning of series wines

Gao Weidong said that in recent years, the company has been organizing and promoting the technical reform project of 30,000 tons of Maotai-flavor series liquor according to the plan, and at present, the project is completely normal. In 2020, we have increased the design capacity of a series of base liquors by 4015 tons. Next, we will push forward the project construction in an orderly manner in accordance with the clear objectives and put into production in stages and batches.

Be confident to welcome the start of the 14th five-year Plan

Gao Weidong said: he has the confidence and ability to smoothly achieve the targets and tasks for the whole year, so as to make a good start and make a good start for the 14th five-year Plan. In the first quarter of this year, Guizhou Moutai achieved an operating income of 27.271 billion yuan, an increase of 11.74 percent over the same period last year. The net profit of shareholders belonging to listed companies was 13.954 billion yuan, an increase of 6.57% over the same period last year.