Vats liquor chain store management joint stock Q3 net income year-on-year decline exceeded 80%, former general manager resigned and may be transferred to Jindong Group | interpretations

①In Q3, Vats Liquor Chain Store Management Joint Stock's net income decreased by 84.17% year-on-year, with a net profit of only about 12.67 million yuan; ②In Q3 of this year, the company's gross margin fell to 8.5%, the lowest level of gross margin since going public; ③Half a month ago, director and general manager Li Wei of Vats Liquor Chain Store Management Joint Stock resigned, expected to be transferred to Jin Dong Group; the son of the company's actual controller, Wu Qirong, took over the director position.

cls.cnOct 28 20:23

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.

cls.cnOct 25 23:16

Baijiu business gross margin dropped to single digits. Vats liquor chain store management joint stock Q2 net income dropped close to half year-on-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-net profit deduction of 9.8646 million yuan, a year-on-year decrease of 77.15%; ②In the first half of the year, Vats Liquor Chain Store Management Joint Stock's baijiu business gross margin dropped to 9.36%, the lowest level since listing; ③The sales proportion of big name liquors like Maotai and Wuliangye increased, leading to a decrease in gross profit for some big name liquors, affecting the business performance of Vats Liquor Chain Store Management Joint Stock.

cls.cnAug 23 20:56

Huazhi Liquor Store's net profit last year fell short of brokers' estimates that Maotai and Wuliangye increased prices, putting pressure on profits | Annual Report Interpretation

① Huazhi Liquor's net profit last year fell short of brokers' expectations. Net profit to mother was 235 million yuan, down 35.78% year on year ② Last year, Huazhi Liquor's gross margin fell to single digits, only 9.24%, down 3.73 percentage points year on year

cls.cnApr 19 22:45

Changyu A: Overall market demand is low, and the annual target is still being achieved, and the company strives to increase revenue by about 7% in 2024

① With product advantages, channel advantages, etc., Changyu A finally completed the annual revenue target on the basis of an increase of more than 20% in marketing expenses. ② The relevant person in charge of the company said that in 2023, the proportion of the company's high-end products will further increase by about 3 percentage points. At the same time, overseas business has also grown. “2023 is a good year for Changyu in the last ten years.”

cls.cnApr 11 22:30

Opinion | What impact will further expansion of connectivity have on the Hong Kong market?

Institutions believe that the current two-way expansion and reform of the Shanghai-Shenzhen-Hong Kong Stock Connect is not only conducive to enriching the variety of traded products, expanding the scope of investment and increasing trading activity, but is also of great significance in promoting mutual integration of the capital markets of the two places and speeding up the opening up process of China's capital markets to the outside world

中金點睛Mar 7, 2023 09:26