WithThe "low-key" end of the spring sugar meeting in 2025 years, the liquor industry also continued to pull back in the flat, and the stock price of first-line liquor was still firm, and the second- and third-line liquor stocks had a large pullback. Among them, Zhenjiu Li Du, whose annual net profit fell sharply, and Huangtai Liquor, which has poor corporate governance, fell first this week and the trend was sluggish.
Similar to previous weeks, the stock price trend of listed liquor companies this week still shows a pattern of strong beer and weak liquor.
In terms of liquor, only Jinshiyuan, Luzhou Laojiao, Kweichow Moutai, Shuijingfang and Shanxi Fenjiu4 stocks rose, and none of them rose more than 0% in a week, while Yanghe shares and Wuliangye fell by about 0% weekly, which was almost the same as the weekly decline of 0.0% in the WIND liquor index this week. Second- and third-tier liquor brands Yingjiagong Liquor, Zhenjiu Lidu and Huangtai Liquor fell sharply in the week, among them, Zhenjiu Lidu and Huangtai Liquor both fell by more than 0%.
In terms of market capitalization, Kweichow Moutai led the weekly market value growth, and the weekly market value growth reached144億元，也是所有酒企市值增長唯一超百億的品種。
From the perspective of the trend of the liquor sector, the stock price of first-line liquor stocks still has strong support when the industry is adjusted, and the overall liquor index fluctuates slightly, while the stock prices of other brand liquor stocks fluctuate greatly.
In the non-liquor industry, beer stocks continued to lead the gains, with Tsingtao Beer reaching weekly gains this week66.0%, its weekly market value growth also reached 0.0 billion yuan, in addition, Huiquan Beer, Chongqing Beer and Budweiser APAC also rose this week.
The reporter of "Daily Economic News" noticed that since the release of the annual report of Zhenjiu Li Du, the company's stock price has continued to rebound, and the stock price has fallen in the past two weeks11%。
Judging from the financial data of the past year, Zhenjiu Lidu's revenue growth is small, and although the non-net profit can also increase slightly, it is slightly lower than market expectations, and the poor performance is mainly due to the fact that Zhenjiu's e-commerce business has cut some low-end products with low unit prices and low gross profit margins. In other words, Zhenjiu Li Du's insurance strategy sacrifices short-term performance.
It is worth noting that Zhenjiu Li DuThe proportion of revenue in the second half of 2024 years has declined significantly compared with last year, and it will take time to verify whether the implementation of the strategy of controlling goods and guaranteeing prices can make the company's revenue return to the rapid growth channel.
Unlike Zhenjiu Li Du, the share price of Huangtai Liquor has been in a volatile downward trend this year, which has a certain relationship with its poor governance. In the past three years, Huangtai Liquor has successively replaced three board secretaries, and since its listing, it has never paid cash dividends.The "Iron Rooster" attribute is extremely rare in the liquor industry.
In addition, Huangtai LiquorESG scores are also at a low level in the industry, exposing problems in corporate governance, which is perhaps the biggest reason for the company's share price performance.
National Business Daily