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Last night, china assets went "crazy."
Overnight, the nasdaq Golden Dragon china index rose over 8.5%, marking the best single-day performance since the end of September. Popular Chinese concept etfs surged collectively: the largest MCHI increased by 7.7%, the FXI, which tracks large Chinese companies in the Hong Kong stock market, rose over 8%, and the only major Chinese concept etf tracking the A-share market, ASHR, gained nearly 7%. The most insane increase came from the three times leveraged FTSE China, YINN, which soared 24% overnight and continued to rise over 2% after hours.
Kweichow Moutai USA Investor Exchange Conference held in New York.
① Kweichow Moutai held a meeting for USA investors on December 4th in New York, attended by party committee member Jiang Yan, who engaged with over ten international renowned institutional investors. ② During the meeting, Jiang Yan introduced the history, craftsmanship, environment, brand influence, and performance in the capital markets of Moutai, emphasizing the importance Moutai places on investor interests and its concept of sustainable development.
kweichow moutai's mid-term dividend is 30 billion yuan. The earliest buyback can be initiated on the 28th of this month. | Quick announcement.
1. Kweichow Moutai plans to distribute a mid-term dividend of 23.882 yuan per share (including tax), with a total cash payment of 30 billion yuan, which meets expectations; 2. In the afternoon of the 27th of this month, Kweichow Moutai will convene a shareholder meeting to deliberate on the repurchase matters, and it is expected to smoothly obtain shareholder approval, meaning that the company can start the repurchase process as early as the next day; 3. Recently, several brokerages have lowered their expectations for Kweichow Moutai's performance growth in 2025, generally expecting around 10%-11%.
"Anhui Kouzi Distillery", known as one of the top three famous liquors in Anhui province, performed below expectations in Q3 this year. The controlling shareholder Liu Ansheng reduced his holdings by 6.5 million shares. | Interpretations of financial repo
1. In the first three quarters of this year, Anhui Kouzi Distillery's revenue and net income both declined, failing to reach the company's previously set revenue growth target. 2. In Q3, Anhui Kouzi Distillery's revenue declined by more than 20%, with a nearly 30% decrease in net income attributable to the parent, falling short of brokerage expectations. 3. In Q3 of this year, one of the controlling shareholders of Anhui Kouzi Distillery, Liu Ansheng, also reduced his shareholding, roughly estimating cashing out more than 0.22 billion yuan.
Kweichow Moutai's performance in the first three quarters meets expectations. The timing for interim dividends and buybacks has not been determined yet. | Interpretations
①Kweichow Moutai's third-quarter earnings announced tonight basically meet expectations, with revenue growth exceeding the annual guidance; ②The proportion of direct sales in the first three quarters of this year has declined, which is related to the poor performance of the company's direct sales platform "i Moutai". In the first three quarters, i Moutai achieved a tax-free revenue of 14.766 billion yuan for alcoholic beverages, a slight decrease compared to the same period last year; ③Against the backdrop of current consumer softness, it is highly anticipated whether Kweichow Moutai will lower its operation targets next year.
What happened during the National Day holiday at home and abroad? Here is a summary of important financial news.
①Shanghai Stock Exchange: From October 8th, the acceptance time for designated trading order instructions will be extended; Goldman Sachs has raised the Chinese stock market to "overweight", expecting a further increase of 15-20%; ②Hong Kong stocks are booming with a high increase in the number of new brokerage accounts and margin trading data within the past week; Many places have introduced optimized policies for real estate, and the market has responded positively.