19 listed liquor companies 202 1 semi-annual report shows that four enterprises in Kweichow Moutai, Wuliangye, Yanghe and Shanxi Fenjiu earned more than 10 billion yuan in half a year, while seven liquor companies, including LU ZHOU LAO JIAO CO.,LTD, Gu Jing Winery and Shunxin Agriculture (liquor part), earned more than 6.5 billion yuan, only two liquor listed companies, namely Golden Seed and Huangtai Liquor (00995). Among them, Kweichow Moutai ranks first in the industry in terms of revenue, net profit, gross profit margin and market value.
Look at the revenue first: the revenue of the four companies exceeds 10 billion in half a year.
In 2020, the total operating income of 19 liquor listed enterprises was 2543 1 billion yuan, an increase of 7945438+billion yuan compared with 246369 yuan in the same period last year, with a year-on-year increase of 3.22%; The total net profit was 96,543.8+0.64 billion yuan, a year-on-year increase of 6.56%. But overall, the revenue growth rate of 19 enterprise is lower than that of the same period of last year. By the first half of 20021,the total operating income of 19 liquor listed companies was1552.87 billion yuan, up by 22.39% year-on-year, indicating that the liquor industry was gradually affected by the epidemic situation, reflecting the pressure resistance, vitality and toughness of the liquor industry. 19 listed liquor enterprises, 15 enterprises have a half-year income of more than 10 billion yuan, among which the income of Kweichow Moutai, Wuliangye, Yanghe and Shanxi Liquor exceeds 10 billion yuan, and LU ZHOU LAO JIAO CO.,LTD shares also reach 93170,000 yuan, which is/kloc-0. Kweichow Moutai topped the industry with 49.087 billion yuan, becoming the "highest revenue", followed by Wuliangye with 26.752 billion yuan, and the two total revenues accounted for half of the total revenues of 19 liquor listed companies.
In terms of income growth, the competition is more intense. In addition to Huangtai Liquor, 18 enterprises achieved positive revenue growth, among which the revenue growth rate of Shede Liquor, Fang Shuijing and Jiugui Liquor exceeded 100%, and the revenue growth rate of Shanxi Fenjiu, Yingjia Gongjiu and Li Qingqing Fenjiu also exceeded 50%.
It is worth noting that the revenue of Shanxi Fenjiu in the first half of 2020 was 6.899 billion yuan, 202 1 .21.90 billion yuan, which was the first time that Shanxi Fenjiu broke through the1billion yuan mark in half a year, with an increase of 5.22 billion yuan.
Second, look at the net profit: the net profit of seven enterprises for half a year broke 654.38+0 billion yuan.
In the first half of 2020, affected by the epidemic situation in COVID-19, except for a few liquor companies such as Maotai, Wuliangye, LU ZHOU LAO JIAO CO.,LTD and Fenjiu, the net profit of 65,438+08 listed liquor companies (Shunxin Agricultural Financial Report did not announce the net profit) showed a downward trend, and by 2026,5438+0,65,438+02 listed liquor companies showed a downward trend.
In terms of total net profit, Maotai ranked first with 24.654 billion yuan, while Wuliangye and Yanghe ranked second and third with 65.438+0.320 billion yuan and 566.5438+0 billion yuan respectively. It is worth noting that the net profit of Maotai family accounts for more than 40% of the total net profit of 18 listed wine companies with published data, and the total net profit of Maotai and Wuliangye companies accounts for about 65% of the industry.
In terms of the growth rate of net profit, except Shunxin Agriculture and Golden Seed Wine, only Huangtai Wine experienced negative growth, and the rest achieved positive growth. Shede Liquor Industry became the sector with the largest increase in net profit with the growth rate of 347.94%, and the proportion of Qinghighland barley wine, Fang Shuijing, Jiugui liquor and Shanxi Fenjiu was 3 14.49%, 2,6601%,176.55% and1/respectively.
Third, look at the trend: the impact of the epidemic is gradually fading, and the consumption upgrade is unstoppable.
On the whole, China liquor listed companies have handed over a qualified interim report in terms of revenue and net profit. The liquor industry has withstood the pressure, has strong self-repair ability, can seize the opportunity to recover in time, and the mainstream liquor enterprises still have strong market competitiveness.
The mid-year report of 20021also reflects the future development trend of liquor industry: under the background of consumption upgrading, the trend of high-end is obvious. No matter the net profit or revenue, high-end liquor enterprises represented by Maotai, Wuliangye, Yanghe, LU ZHOU LAO JIAO CO.,LTD and Fenjiu all showed obvious growth, while the revenue growth rate of Laobaigan and Shunxin Agriculture represented by the middle and low end was obviously lagging behind.