Under the COVID-19 epidemic and the complex international trade situation, the fundamentals of domestic basic consumer listed companies are still improving.
On the evening of October 12, many leading basic consumption companies such as Kweichow Moutai (600519), Fang Shuijing (600779), Dong Peng Beverage, WuXi AppTec (603259), and Emma Technology disclosed their operating conditions or financial data for the first three quarters, and predicted that their performance in the first three quarters will continue to grow. Among them, the performance of liquor and beverage companies generally maintained a stable growth trend this year, while the performance of pharmaceutical and electric vehicle companies showed a rapid doubling trend.
liquor companies generally grow their performance.
On the evening of October 12, many liquor companies including Kweichow Moutai (600519), Fang Shuijing, Laobaigan Wine (600559), Shanxi Fenjiu (600809), Jin Shiyuan (603369) disclosed their operating data for the first three quarters.
Kweichow Moutai announced that after preliminary calculations, from January to September 2022, the company expects to achieve total operating income of approximately 89.785 billion yuan, a year-on-year increase of approximately 16.5%, and a net profit of approximately 44.399 billion yuan, a year-on-year increase of approximately 19.1%.
In the first half of this year, Kweichow Moutai's revenue and net profit were 59.44 billion yuan and 29.79 billion yuan respectively, an increase of 17.2% and 20.85% year-on-year respectively. This means that in the third quarter, Kweichow Moutai maintained a stable growth trend that was synchronized with the first half of the year.
Shanxi Fenjiu has also maintained a steady development trend since the beginning of this year. In the first half of this year, Shanxi Fenjiu's revenue and net profit increased by 26.53% and 41.46% year-on-year respectively. On the evening of the 12th, Shanxi Fenjiu disclosed that, after preliminary calculations, from January to September 2022, the company expects to achieve a total operating income of approximately 22.1 billion yuan, a year-on-year increase of approximately 28%; its net profit is expected to be approximately 7 billion yuan, a year-on-year increase of approximately 42%.
Shanxi Fenjiu said that in 2022, under the guidance of the overall plan for Fenjiu's revival, the company adhered to the general tone of work of seeking progress while maintaining stability, efficiently coordinated epidemic prevention and control, production and operation, flexibly adjusted marketing policies in response to the spot epidemic, and continuously optimized product structure, and high-end products such as the Qinghua Fenjiu series achieved significant growth. The development speed of
square crystal and Jin Shiyuan are also becoming consistent. Fang Shuijing announced that after preliminary calculations, from January to September, the company expects to achieve operating income of about 3.8 billion yuan, a year-on-year increase of about 10%, and a net profit of about 1.1 billion yuan, a year-on-year increase of about 5%. Among them, the company expects to achieve operating income of approximately RMB 1.7 billion in the third quarter, an increase of approximately 7% year-on-year, and net profit of approximately RMB 700 million, an increase of approximately 10% year-on-year.
Shiyuan Co., Ltd. announced on the evening of October 12 that it is predicted that from January to September, the company will achieve a total operating income of approximately 6.518 billion yuan, a year-on-year increase of approximately 22.18%, and a year-on-year net profit of approximately 2.081 billion yuan, a year-on-year increase of approximately 22.53%.
There are also liquor companies that achieved significant growth in the first three quarters, such as Lao Baigan Liquor. On the evening of the 12th, Lao Baigan Wine issued an announcement stating that according to preliminary estimates by the financial department, the company is expected to achieve a net profit of approximately RMB 533 million in the first three quarters of 2022, an increase of approximately RMB 283 million over the same period last year, an increase of approximately RMB 113% year-on-year. It is estimated that the non-net profit in the first three quarters of 2022 will be approximately RMB 316 million, an increase of approximately RMB 93 million over the same period last year, an increase of approximately 41% year-on-year.
Laobaigan Wine said that the company's performance growth is mainly due to the company's continuous optimization of product structure and deepening market construction, and its main business revenue growth in the first three quarters of 2022. In addition, the company's net profit increased significantly, mainly because the company received land acquisition and storage compensation in January 2022. The company included the relevant income of the above-mentioned land compensation in non-recurring gains and losses, resulting in an increase of approximately 180 million yuan in the first three quarters of 2022 compared with the same period last year.
leads to rapid growth in consumption.
Beverage industry has also maintained a stable development trend similar to liquor companies.
On the evening of October 12, Dong Peng Beverage, a representative company in the industry, released its performance forecast for the first three quarters, with a net profit of 1.14 billion yuan to 1.18 billion yuan in the first three quarters, an increase of 14.49% to 18.11% over the same period last year. The company said that with the advancement of the company's nationalization strategy, terminal outlets continue to develop and channel operation capabilities are further strengthened. By strengthening measures such as placement of freezers on the channel side and freezing product display, product exposure has been increased, consumers' purchase frequency and single-point output have been increased, thus driving revenue growth.
Dongpeng Beverage mainly engages in "Dongpeng Specialty Beverage" and other functional beverages. In the first half of this year, Dong Peng Beverage sold Dong Peng Special Drinks 4.118 billion yuan, accounting for 95.97% of its operating income. According to Jost Sullivan's report, Dong Peng Special Drink ranked first in China's functional beverage sales for two consecutive years in 2020 and 2021, and ranked second in China's sales. Dong Peng Beverage has gradually grown into the world's fastest-growing functional beverage company.
Under the influence of the new crown pneumonia epidemic, other basic consumer industries, such as medicine and electric vehicles, are showing a rapid growth trend.
Emma Technology is one of the leading companies in the electric two-wheeler industry. On the evening of the 12th, the company released its performance forecast, with a net profit of 1.376 billion yuan in the first three quarters, a year-on-year increase of 138%.
Emma said that during the reporting period, the company's main products had strong market demand, overall market sales were good, volume and price increased, and the product structure was further improved. At the same time, the company has comprehensively improved its operating efficiency and its operating performance has shown an accelerated growth trend.
Emma Technology said that there are three main reasons for the expected growth of performance in the first three quarters of 2022: First, the improvement of product strength. Based on in-depth insights into consumers, the company's new products launched through positive development are widely popular in the market; second, the brand power has been significantly improved, and good products and services, coupled with diversified brand promotion, created a good reputation among users; third, the competitive advantages of channel power are highlighted. While maintaining the orderly growth of the number of stores, the efficiency of single stores has been further improved.
WuXi AppTec is known as the "new drug hair" and is a leading enterprise in the research and development and production of new drugs in my country. On the evening of the 12th, WuXi AppTec disclosed its performance forecast, saying that after preliminary estimates, the company expects to achieve operating income of 28.395 billion yuan in the first three quarters of this year, a year-on-year increase of 71.87%, and a year-on-year net profit of 7.38 billion yuan, a year-on-year increase of 107.12%, and a year-on-year net profit of 6.232 billion yuan, a year-on-year increase of 100.64%. In the first half of the year, Wuxi Kant's revenue and net profit increased by 68.52% and 73.29% respectively.
Regarding the significant growth in performance in the first three quarters, WuXi AppTec stated that in its main business, the company continues to strengthen WuXi AppTec's unique integrated CRDMO (contract research, development and production) and CTDMO (contract testing, RD and production) business models. At the same time, by continuously optimizing operating efficiency, capacity utilization continues to increase, and scale effect is further revealed. WuXi AppTec revealed that it is full of confidence in achieving a revenue growth target of 68% to 72% in 2022.
On October 11, CICC released a research report pointing out that China's consumer market still has huge upgrade and growth potential, and structural and endogenous opportunities are still significant. With the further optimization of urban management and residents' learning effects on the epidemic, and the continuous implementation of a series of policies such as stabilizing growth and promoting consumption, the adverse factors affecting consumption in the early stage are improving, and consumer demand is generally gradually recovering. The signs that can be seen at present include: the consumer confidence index stabilizes, the accelerated social zero data in August, etc.
CICC believes that in the medium and long term, China's consumer market still has room for sustainable development. The gradual optimization of the income structure will promote the expansion of the mass consumer market. China's huge multi-level market has created new opportunities for consumer companies to sink channels. Consumption upgrades, popularization of categories, and the rise of domestic products have become the general trend, and changes in population structure have brought about new demand. Under the resonance of multiple factors, China's consumer market has a sustained development momentum, providing a broad space for the further growth of Chinese consumer companies.
