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The preliminary performance forecast indicates that the Industrial Bank, which no longer follows the old path, has returned to growth.
Both revenue and net profit increased.
Kweichow Moutai's 2024 performance has "initially submitted": annual growth exceeds 15%, and Moutai's base liquor has reduced production for the first time.
Response cycle.
Moutai liquor production cuts? Individuals close to Kweichow Moutai: last year's production remained within a normal and orderly Range | Quick read announcement.
In 2024, Kweichow Moutai plans to produce approximately 0.0563 million tons of Moutai liquor, a decrease of 1.58% year-on-year. Last year, increased marketing investments in the Moutai series of liquors and the higher proportion led to a decline in the company's overall net margin, which may have fallen below 50% last year, reaching the lowest level since 2018. Amid soft stock prices, Kweichow Moutai officially initiated a buyback, with nearly 0.3 billion yuan repurchased on the first day.
Four executives have new positions, and Ping An Insurance has made adjustments to some executive roles.
Fu Xin also serves as the Chief Financial Officer, Fang Fang concurrently acts as the Chief Risk Officer, and Zhang Zhichun takes on the role of General Assistant and is responsible for auditing.
With a strong background from major companies, the Chief Information Officer of Industrial Bank has taken office.
Tang Jiacai has been appointed as the Chief Information Officer of the company.
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.
