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In Spite of Recent Selling, Insiders Still Control 68% of ZJLD Group Inc (HKG:6979)
Key Insights Significant insider control over ZJLD Group implies vested interests in company growth 67% of the company is held by a single shareholder (Xiangdong Wu) Insiders have sold
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.
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