HKEx moves differently. Chenjiu Lidu (06979) fell by nearly 3% again. The data of baijiu in the off-season is poor. The institutions are bullish on the subsequent catalytic drive of the sector's recovery.
Vintage China Li Du (06979) fell nearly 3%. As of press time, it fell 2.81%, reported 7.26 Hong Kong dollars, and the turnover was 17.0767 million Hong Kong dollars.
Guizhou provincial government consultant conducts a special investigation into Zhen liquor.
On July 22nd, a group of five officials from the Guizhou provincial government, including Kang Jichuan, Zhu Qing, Xiang Qingyun, Gao Tiren, and Zhuo Macairen, visited Zhenjiu to conduct a special investigation on the planting system of the Red Tassel Sorghum used in the production of Zhenjiu baijiu and to have a discussion. Wu Xiangdong, chairman of the Zhenjiu Lidu Group, and Zhu Guojun, chief engineer of the Zhenjiu Lidu Group, as well as vice president Liu Boqiang, attended the event. The investigation team visited the fermentation room, wine cellar, sealed bottle wine cellar, the site of the "Number One Baijiu Project in China" and the Zhenjiu showroom to learn about the brewing process, production capacity planning, talent training, and the integration of liquor and tourism. During the discussion, both parties focused on the characteristics, planting and management of the Red Tassel Sorghum used in Zhenjiu baijiu.
HK stocks fluctuated | Rare liquor Lee Tung (06979) dropped more than 3% now, consumption tax reform may accelerate the concentration of the industry, institutions are still bullish on the sector's recovery situation.
Chenjiuli Crossing (06979) is currently down more than 3%, as of press time, it is down 2.96%, at HKD 7.55, with a turnover of HKD 18.8108 million.
In Spite of Recent Selling, Insiders Still Control 68% of ZJLD Group Inc (HKG:6979)
Hong Kong stock market concept tracking: From January to May this year, the revenue of the baijiu industry increased by 11.8% year-on-year. The reform of baijiu consumption tax may improve industry concentration (attached with concept stocks).
This year is a year of differentiation, transformation, reshaping in the liquor industry.
Dongxing Securities: Liquor consumption tax reform may increase industry concentration.
Dongxing Securities released a research report stating that if the consumption tax reform is implemented, it will reshape the interest pattern between liquor companies and dealers in the short term, testing the market control and channel operation capabilities of liquor companies.
Vice Chairman Jiang Wenchun of Wuliangye Group led a delegation to visit and exchange ideas at Zhenjiu.
On July 9th, Jiang Wenchun, Vice President of Wuliangye Group and Party Secretary/Chairman of Pusse Group, led a team to visit Zhenjiu and held discussions and exchanges. Wu Xiangdong, Chairman of Zhenjiu Lidu Group, warmly welcomed them. During the meeting, Wu Xiangdong welcomed Jiang Wenchun and his team, and introduced the history and development, project planning, market layout, and experiential marketing of Zhenjiu. He stated that in recent years, Zhenjiu has invested over 12 billion yuan in increasing production capacity, and the annual production capacity of high-quality sauce liquor has exceeded 410,000 tons, with a base liquor inventory of 900,000 tons. The production scale ranks among the top three sauce liquor companies in Guizhou; at the same time, with a profound historical heritage and vigorous development momentum, it has formed
Chairman Wu Xiangdong of Zhenjiu Lidu Group and Chairman Hao Hongfeng of Jiuxian Group held talks.
On July 9th, Wu Xiangdong, chairman of Zhenjiu Lidu Group, and Hao Hongfeng, chairman of Jiuxian Group, held a discussion at Guizhou Zhenjiu Brewing Co., Ltd. Wu Xiangdong welcomed Hao Hongfeng and his delegation, expressed gratitude for Jiuxian Group's support and assistance to Zhenjiu in Guizhou for a long time, and briefly introduced the operation of Zhenjiu in Guizhou. Wu Xiangdong said that as a leading enterprise in China's liquor e-commerce and offline brand chain, Jiuxian Group has strong sales channels and user resources. He hopes that both sides can further deepen their cooperation, expand the scope of cooperation, fully tap and play their respective resource advantages, and cooperate to achieve mutual benefit and development.
Soochow Securities: How to view the baijiu consumption tax reform path and its impact?
Moving the collection of consumption tax to a later stage presents challenges in practical implementation. It is expected that tax reform will be gradual rather than immediate while maintaining a stable foundation, and the probability of a significant increase in tax rates is low. If the tax collection stage is moved, it is expected to further accelerate industry consolidation, and small and medium-sized liquor companies may struggle to cope with the potential profit impact caused by the moving of the tax collection stage.
In 2023, China Financing Awards announced that Liquor Li Du was awarded the "Best IPO of the Year".
On July 8th, the "2023 China Financing Awards" ceremony was held in Hong Kong. JENJOU LEE HWA (6979.HK) stood out among nearly a hundred candidate companies with its stable management and excellent investment value, winning the "Best IPO Award" of "2023 China Financing Year". As a highly influential selection event in the Hong Kong financial industry, the "2023 China Financing Awards" is hosted by the financial magazine "China Financing", with the support of several organizations such as the Hong Kong Chinese Securities Association, Hong Kong Stock Analysts Association, Hong Kong China M&A Association, Hong Kong China Fund Industry Association, and Hong Kong Investor Relations Association.
HK stocks abnormal movement | Zhenjiu Li Du (06979) fell more than 3%, the stock price has fallen by a total of 30% in the past two months, institutions indicate that the Q2 industry report may see a moderate slowdown.
Zhenjiu Lidu (06979) fell more than 3%, and the stock price has fallen more than 30% in the past two months. As of the time of publication, it fell 3.12% to HKD 7.44, with a turnover of HKD 35.389 million.
Hong Kong stocks fluctuate | Zhenjiu Lidu (06979) fell more than 3% in the afternoon, and the company raised the ex-factory price of some products. The market is concerned about the impact of consumption tax on the industry.
Shares of Jinjiu Lidu (06979) fell more than 3% in the afternoon. As of press time, it fell 2.52%, to HK$7.75, with a turnover of HK$32.11 million.
[Brokerage Focus] ANXIN International: The common point of consumer trends in China and the United States is that weak recovery is evident this year.
Jinwu Financial News | Anxin International released a research report stating that the common point of consumption in China and the United States is that it has exhibited a weak recovery this year. After reaching the peak of growth in February and March respectively, consumption growth has declined; the growth of selective consumption has been weaker than that of essential consumption, and there are differences in the growth of different sectors. The recovery of consumption in China is weaker than that in the United States, and it is weaker compared to the level before the epidemic. The recovery of offline service consumption such as dining and tourism is not as good as that of the United States. The market performance of Hong Kong's consumer sector is weaker than that of the US stock market, and the current sentiment is relatively low. In terms of valuation, the valuation of Hong Kong stocks is at a historically low level.
Wu Xiangdong: will always adhere to the global strategy of brand high-end
Recently, the annual shareholders meeting and investor day event of Zhijiu Lidu Group was held in Zunyi, Guizhou, attracting nearly 160 shareholders and representatives, investors, and analysts to discuss corporate development strategies and industry trends. During the investor communication session, when faced with the question of "Zhijiu Lidu's ideal product structure", Zhijiu Lidu Group Chairman Wu Xiangdong stated that the company will always adhere to the strategy of high-end branding, continuously improve product quality and brand value, and layout for both the mid-to-high-end market. Industry data shows that in the past 7 years, the sales of Baijiu products priced above 300 yuan have grown by nearly 260 billion yuan, of which...
CICC: It is expected that the Chinese food and beverage industry will moderately recover in the second half of the year, and H shares will favor companies such as Mengniu Dairy in the industry.
CICC released a research report stating that it is bullish on three investment themes in the second half of the year, including leading companies in high-growth tracks, stocks with high dividends, potential dividend-increasing stocks with abundant cash reserves and low valuations that are expected to see marginal improvement. The bank maintains profit forecasts and valuations for food and beverage stocks, and prefers U-Presid China (00220), Tingyi (00322), WH Group (00288), ZhenJiuLiDu (06979), China Res Beer (00291), Mengniu Dairy (02319), and Yihai Intl (01579) listed in Hong Kong. CICC pointed out that the food and beverage industry experienced weak recovery in the first half of the year.
Hong Kong stocks have changed | Chenjiu Lidu (06979) rose more than 3% early in the morning, and the price of Feitian Moutai is expected to stabilize. The company's multiple brands are expected to have strong growth.
Chenjiu Li Du (06979) rose more than 3% in early trading. As of press time, it has risen by 2.59% to HKD 8.33, with a turnover of HKD 22.739 million.
Brokerage Focus: Huachuang Securities maintains a "strong recommendation" rating for Zhenjiu Lidu (06979) and points out that it will make multiple efforts in the second half of the year, and the profit elasticity may accelerate the release.
Jingu Financial News | Huachuang Securities issued a research report, stating that on the 21st, JZWD (06979) held its annual shareholders' meeting and investor day in Zunyi. This is the first time since JZWD listed that a shareholders' meeting has been held in Zunyi, attracting more than 150 shareholders and investors to attend. The company believes that although small and medium-sized wine companies are accelerating their exit during the current pressure cycle, the performance of head wine companies remains stable, and it is confident in the industry's development this year and next. The company will continue to focus on product, channel and market development, explore the integration of "delicious food + fine wine" and focus on core markets and precise targeting of core customer groups. The bank stated that the public
Hong Kong stock market fluctuation | Zhenjiu Lidu (06979) rebounded more than 4%, with clear global strategy for the company's development plan. Maotai may stabilize market confidence with price control.
After a decline of more than 20% in the past month, Zhenjiu Lidu (06979) rebounded by over 4%. As of press time, it has risen by 4.18%, to HKD 8.47, with a turnover of HKD 18.8888 million.
Chen 15 and Chen 30 upgraded versions will be released! Wu Xiangdong: They will have higher quality and cost performance.
On June 21st, the annual meeting of shareholders and Investors' Day of Li Du Group, a famous liquor company, was held in Zunyi, Guizhou Province. Nearly 160 shareholders and representatives, investors, and analysts participated in the conference, focusing on discussing the global strategy and industry trends of the company. During the investor communication session, Wu Xiangdong revealed that Zhen Fifteen and Zhen Thirty will be upgraded, and the upgraded products will have higher quality and cost-effectiveness. The birth of a good wine involves multiple aspects such as raw materials planting, brewing process, storage and blending, which involve a huge and complex ecological system, considering the comprehensive capacity, management, scientific research, etc. of a company.
Insights from the Li Du shareholders meeting: investors are most concerned about five aspects.
On June 21, the Li Du liquor group shareholder anniversary meeting and investor day event was held in Zunyi, Guizhou. As the first annual shareholder meeting of Li Du liquor after going public, it attracted more than 160 attendees, including shareholders and representatives, investment institutions representatives, securities analysts, and others. (Investor communication meeting scene) At the investor communication meeting, investors and representatives from Goldman Sachs, Morgan Stanley, China International Capital Corporation, gtja, Founder Securities, and other investment institutions asked questions about the market, products, channels, and other issues. Wu Xiangdong maintained his usual style: pragmatic, wise, professional, and confident, and answered the investors' questions one by one. (Zhen)
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