The gross margin of the baijiu business has fallen to single digits. The net income of the vats liquor chain store management joint stock in Q2 is nearly halved compared to the same period last year. | Interpretations

①In Q2 of this year, vats liquor chain store management joint stock's net income attributable to the parent company was 25.2998 million yuan, a year-on-year decrease of 49.10%, with a non-GAAP net income of 9.8646 million yuan, a decrease of 77.15% year-on-year; ②In the first half of the year, the gross margin of baijiu business of vats liquor chain store management joint stock fell to 9.36%, the lowest level since listing; ③The sales proportion of Maotai, Wuliangye and other famous liquors has increased, leading to a decrease in the gross margin of some famous liquors, affecting the performance of vats liquor chain store management joint stock.

cls.cnAug 23 08:56 ET

The “Godfather of Liquor” received regulatory letters due to bailouts, putting pressure on both profits and cash on China's liquor banks

Wu Xiangdong, the “godfather of liquor,” who founded the Jin Liufu brand and owned two listed liquor companies, was warned by regulation. On July 24, the Shenzhen Stock Exchange issued a regulatory letter on Huazhi Liquor Bank (300755.SZ), the “first stock in alcohol circulation”. On March 9, 2020, Beijing Huazhi Chenxiang E-Commerce Co., Ltd. (“Huazhi Chen Xiang”), a subsidiary of Huazhi Liquor Company, purchased property from the related party, Xinhualian Holdings Co., Ltd. (“Xinhualian Holdings”). On the same day, Huazhi Chen Xiang signed a debt settlement agreement with Xinhualian Holdings and related party Huaze Group Co., Ltd. (“Huaze Group”). Submit the above two items

Wallstreet NewsJul 25, 2023 22:12 ET

Yiyatong: with the participation of well-known institutions Xingshi Investment, a total of 18 institutions investigated our company on September 10.

Yatong (002183) issued a notice on September 10, 2021: Guangfa Fund, Xingtai Fund, Guoxin Investment, Jiutai Fund, everyone Insurance Management, Jiahe Fund, Hetai Life Insurance, Xingshi Investment, Haitong International, Haitong, Zhejiang Merchant Securities, Yellow River property Insurance, Beixin Ruifeng Fund, Shenwan Capital Management, National Gold Fund, Chinese Merchants Fund, Beijing Junhe Taida Investment, Dongxing Securities investigated our company on September 10, 2021. The survey was hosted by Luo Xiaoxi, Senior Vice President and Chief Capital operating Officer, Kui Kuiping, Vice President of Liquor Company, and Xiang Yan, Deputy Director of Investor Relations. The main contents of this survey are as follows:

證券之星Sep 10, 2021 02:00 ET

Correction to Chinese-Owned Businesses in Australia Article

Dow Jones NewswiresJun 22, 2021 21:38 ET