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Yongshuntai (001338.SZ): The market share of the five major beer groups has exceeded 90% in recent years.
On July 26th, Gelonhui reported that the concentration of the beer industry in China is relatively high. According to the statistics of the China Alcoholic Drinks Association, the market share of the top five beer groups, including CR Snow, Tsingtao Brewery, Beijing Yanjing Brewery, AB InBev, and Carlsberg, has accounted for over 90% in recent years. Therefore, as the largest malt company in China, it is necessary to consider beer groups as important customers. After more than 30 years of accumulation, the company has established cooperative relationships with AB InBev, Heineken NV Sponsored ADR, Carlsberg, CR Snow, Tsingtao Brewery, Beijing Yanjing Brewery, and Guangzhou Zhujiang Brewery and other domestic beer corporations.
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Yongshuntai (001338.SZ): Plans to sign a financial service agreement with Yuehai Financial Company.
On July 17th, Guolonghui announced that Yongshuntai (001338.SZ) held the 8th meeting of the 2nd board of directors on July 16th, 2024, and adopted the resolution on "Related transactions on the signing of financial service agreements between the company and Yuehai Group Financial Co., Ltd." In order to further improve the level and efficiency of funds utilization, expand financing channels, reduce financing costs and financial expenses, the company plans to sign the "Financial Service Agreement" with Yuehai Financial Co., Ltd. (referred to as "Yuehai Financial Company"), with a validity period of 1 year, and Yuehai Financial Company will provide services within its business scope for Yongshuntai and its holding subsidiaries.
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