Kuaijishan shaoxing rice wine: Strengthen promotion leads to a significant increase in sales expenses, with revenue from high-end huangjiu increasing by over 60% | Directly hitting the earnings conference
① General manager Yang Gang stated that from January to September, the revenue growth of the high-end brand Lanting series compared to the same period last year was about 60% to 80%; ② The huangjiu(chinese liquor) cold drink activity focuses on guiding consumer habits, with evident lag effects in the results of the activity; ③ Products such as sparkling huangjiu(chinese liquor) and sparkling rice wine have shown significant growth compared to last year.
Once again asked by investors about the baijiu business, Shanghai Jinfeng Wine responded unchanged: focusing on the huangjiu main business | Earnings conference spotlight
①When asked about the plan to inject Quanxing Liquor into a listed company, the company stated that it will still focus on the development of its huangjiu main business at present; ②Chairman Zhu Yong stated that huangjiu still focuses on mid-to-low-end products, with family consumption as the block orders; ③The company focuses on live streaming sales this year, with Douyin platform's overall sales reaching approximately 4 million since the beginning of the year.
Former "Northwest Beer King" changes ownership confirming, lanzhou huanghe enterprise's second shareholder may be promoted | Quick announcement
① There may be a change in control of Lanzhou Huanghe Enterprise, with the second shareholder potentially taking precedence, and the company's stocks will resume trading from tomorrow. ② Matters related to the "Framework Agreement" signed by all parties involved this time must be formalized in a separate equity transfer agreement before implementation.
Chongqing Brewery: Revenue growth rate in the first three quarters is far below the annual target, with a decline in revenue from high-end products | Interpretations
1. Chongqing Brewery's revenue in the first three quarters increased by 0.26% year-on-year, falling short of the target guidance set at the beginning of the year. The company may not be able to meet this year's revenue expectations. 2. Sales of Chongqing Brewery's high-end products declined in the first three quarters, while sales of mainstream products remained stable, posing challenges to the company's high-end global strategy. 3. Some dealers have reflected that certain high-end products of Chongqing Brewery are difficult to sell, and there are instances of "indirect" bundling behavior.
Tsingtao Brewery's Q3 revenue decreased by 5.28% year-on-year, with net income declining by 9.03% | Financial Report Insights
Tsingtao Brewery's Q3 revenue and net income both decreased year-on-year. The revenue was 8.891 billion yuan, a decrease of 5.28% year-on-year; while the net income was 1.348 billion yuan, a decrease of 9.03% year-on-year.
The stock price rose by more than 70%, but Mogao Group's restructuring plan failed. Haotian Technology's dream shattered for the second time. | Quick Read Announcement
1. Mogao Corporation announced the termination of the restructuring with Gansu Haotian Technology Co., Ltd. (referred to as "Haotian Technology"); 2. Mogao Corporation has accumulated a growth rate of over 70% in the past two months; 3. The performance of Mogao Corporation, which is planning to restructure, is not optimistic, and the risk of delisting still exists.