Beijing Yanjing Brewery's performance last year slightly exceeded Institutions' expectations. Can the L product U8 maintain its high growth against the trend? | Interpretations

① Last year, the Net income growth rate of Beijing Yanjing Brewery slightly exceeded Brokerage expectations, and the company expects a year-on-year performance growth of 55.96%-67.66% in Q1 2025; ② In terms of scale, last year, the revenue of Beijing Yanjing Brewery slightly surpassed that of Chongqing Brewery, moving up one place in the Industry ranking; ③ Beijing Yanjing U8 remains the core driver of the company's performance, achieving over 30% growth in both last year and Q1 2025.

cls.cnApr 10 08:31 ET

Brokerage morning meeting highlights: Countermeasures against tariffs boost Shenzhen Agricultural Products Group prices, the planting chain directly benefits.

At today's Brokerage morning meeting, CITIC SEC believes that countermeasures against tariffs boost the prices of Shenzhen Agricultural Products Group, which directly benefits the planting chain; HAITONG SEC proposed a bullish view on the relative yields of the Banks Sector in April; Galaxy Securities stated that it focuses on Gold and countermeasures against rare earths.

cls.cnApr 7 20:33 ET

The provision for anticipated liabilities led to last year's net profit falling short of the performance forecast. Chongqing Brewery has 'rarely' not set a revenue target for this year | Interpretations.

① Last year, Chongqing Brewery's net income decreased by 16.61% year-on-year, exceeding the decline in net income reported in the company's performance announcement two months ago. ② Loss from a first-instance lawsuit against the affiliated company Chongqing Jiawei Brewery led to provisions for expected liabilities, along with inventory impairment, causing damage to net income. ③ Chongqing Brewery has "rarely" not set a revenue target for this year, only stating that it is "cautiously optimistic" about this year's industry.

cls.cnApr 2 11:21 ET

After a two-year interval, Zhejiang Guyuelongshan Shaoxing Wine, known as the "King of Huangjiu(Chinese Liquor)," announced a price increase of up to 12%. This may boost Q2 performance.|Brief announcement.

① Zhejiang Guyuelongshan Shaoxing Wine and Kuaijishan Shaoxing Rice Wine have recently announced price increases for multiple product series; ② The company's Director Sun Aibao told reporters from the Financial Association that this is a minor price adjustment aimed at realizing the value return of Huangjiu(Chinese Liquor).

cls.cnApr 1 10:27 ET

In the contract dispute case, a compensation of 0.353 billion yuan was ruled against Chongqing Brewery, which expressed dissatisfaction and stated that "it will firmly appeal" | Quick reading of the announcement.

① Due to a contract dispute, Chongqing Brewery was ruled in the first instance to pay approximately 0.353 billion yuan to the joint venture company Chongqing Jiawei, which Chongqing Brewery disagrees with and stated it will firmly appeal. ② This first-instance judgment may reduce Chongqing Brewery's net income attributable to parent company last year to about 1.115 billion yuan. ③ Currently, Chongqing Brewery is still involved in several significant lawsuits with Chongqing Jiawei and its related parties, involving an amount of approximately 0.734 billion yuan.

cls.cnMar 14 11:07 ET

Is Baijiu(Chinese Liquor) saved? After the Spring Festival, several Baijiu(Chinese Liquor) Funds rose over 10%. Have the investors who entered at a high point recovered their capital?

① Funds heavily invested in Baijiu are rebounding, with many products increasing over 10% after the holiday; ② Investors who poured into funds focused on Baijiu three years ago are still at a loss; ③ A total of 19 related Baijiu stocks are heavily held by public funds, with the market value of Kweichow Moutai's heavy holdings significantly reduced from its peak.

cls.cnMar 12 21:52 ET