After several days of continuous growth, the A-share liquor sector experienced ups and downs on December 23. Yigan's stock plunged after opening a new record in historical time, and then closed again.
Among them, ST is willing to go out of the sky floor market, as of the closing at 87.18 yuan / share; highland barley wine daily limit, reported 25.41 yuan / share; Laobaigan wine, golden seed wine rose more than 6%; Dahao Technology rose 5.93%. On the same day, the liquor sector of Oriental Fortune rose by 0.09% overall.
Huafu Securities Liquor Industry Analyst Lai Jingyu believes that the performance of liquor companies this year in the epidemic has a stronger ability to control performance, and the valuation center has improved. The China Securities Liquor Index has nearly doubled this year, and the current valuation is at a relatively high level. After a long period of market growth, fluctuations are normal. On the 23rd, the market's substantial adjustment pace was more consistent, which may be part of the organization's end-of-year assessment or the adjustment of the position in the next year.
On the evening of December 23, the highland barley wine's daily limit for two consecutive trading days disclosed stock price changes. The announcement stated that the company, controlling shareholders, and actual controllers did not have major issues that should be disclosed but not disclosed about the company, or major major issues in the planning stage. matter. Since the beginning of November, highland barley wine has achieved a phased increase of 151% in stock price.
The main business of highland barley wine is the production and sales of highland barley wine and wine, and highland barley wine is the main source of income. In the first three quarters of 2020, the company achieved revenue of 546 million yuan, a sharp drop of 33.89% year-on-year. Its revenue decline ranked seventh among the 38 A-share wine companies; a loss of 64,312,600 yuan, a year-on-year change from profit to loss .
Jinshiyuan disclosed an announcement after the market on December 23. Before that, the board of directors decided to use its own funds of 245 million yuan to participate in the establishment of an industry merger fund, specifically for the acquisition of shares in Shandong Jingzhi Wine Co., Ltd. The company has now decided to terminate this investment.
The announcement showed that after the announcement of the above investment matters, Jinshiyuan actively promoted the establishment of the fund. However, since then, affected by the macro environment, the competition situation in the industry and the operating situation of the target enterprises have changed. At the same time, the market valuation of the liquor industry has also undergone major changes. The parties to the cooperation have different views on the future market development trend and the company's long-term strategic positioning. Although after many long-term communications, the parties have not reached an agreement. In order to protect the interests of the company and the majority of shareholders, after careful consideration, the company and the industrial M&A fund partners unanimously decided not to establish the industry M&A fund for the time being.
Jinshiyuan has three major liquor brands, namely "Guoyuan", "Jinshiyuan" and "Gaogou". Since its A-share listing in 2014, the company's performance has continued to grow. In the first three quarters of 2020, the company "stayed in place", achieving revenue of 4.193 billion yuan, a year-on-year increase of 1.96%; net profit attributable to shareholders of listed companies was 1.313 billion yuan, a year-on-year increase of 1.52%. Since the beginning of this year, Jinshiyuan's stock price has risen by more than 77%.
As of the close on December 23, Huiquan Beer has also reached its daily limit for two consecutive days. On the evening of the 23rd, Huiquan Beer issued a stock price change announcement stating that after the company’s self-inspection, the company’s current production and operation are normal, and there have been no major changes in its daily operating conditions and external environment. There is no abnormal fluctuation in the company’s stock trading price that should be disclosed but not disclosed. Important information. Recently, the company's stock price fluctuates greatly in the short term, reminding investors to pay attention to the risks of secondary market transactions.
The controlling shareholder of Huiquan Beer is Yanjing Beer, and the issue of horizontal competition between the two has always attracted market attention. Huiquan Beer currently mainly produces and sells beer. The main products are Huiquan Yimai, Huiquan Chunsheng, Huiquan Ouqi and Huiquan Fresh Beer series. The main markets are Fujian, Jiangxi and other places. In the first three quarters of 2020, the company achieved revenue of 558 million yuan, an increase of 11.79% over the same period last year, and realized a net profit attributable to shareholders of listed companies of 37.9 million yuan, an increase of 37.24% over the same period of the previous year.
Since October this year, the A-share liquor market has continued to rise, and it has continued to include beer, rice wine and red wine. For this wave of liquor stocks, most institutions are still optimistic. Some insiders believe that the current market capital for current liquor stocks is based on the expected earnings growth rate in the next two or three years. The valuation premium of liquor stocks has reached an unprecedented level.