Maotai cut 593 dealers, the first half of the net profit of 20 billion, up 26.56% year-on-year!

On the evening of July 17, Guizhou Maotai released its 2019 semi-annual reportDuring the reporting period, Guizhou Maotai's operating income and net profit both achieved double-digit growthAmong them, operating income was RMB39,488 million, up 18.24% YoY, and net profit attributable to shareholders of listed companies was RMB19,951 million, up 26.56% YoYspecific to the main business income level, according to product type, Maotai wine to achieve 34.795 billion yuan, series of wine to achieve 4.655 billion yuanBy regional division, the domestic realization of 38.368 billion yuan, foreign realization of 1.081 billion yuanaccording to the previous Information disclosed by Maotai Group, it is in the process of increasing direct operationsHowever, from the sales channel division, the direct operation initiative has not yet fully landedData for the first half of the year showed that direct sales in January-June reached 1.602 billion yuan, while wholesale sales reached 37.848 billion yuanCaitong Securities also analyzed that the second quarter revenue of Guizhou Maotai slightly lower than expected, because of the volume of shipments did not grow year-on-year, and the direct-run company's plan has not yet landedIn the first half of the year, Maotai wine implementation plan 14,000 tons, and according to channel research, some dealers have advanced the implementation of the July plan, so the total shipment increased slightly year-on-yearAs Maotai's direct sales program has yet to land, it is normal for performance growth to slow in the face of a small increase in shipmentsjust held two days ago at the Maotai Group's first half of 2019 production and operation report, Maotai Group Party Secretary, Chairman Li Baofang has once again put forward the "hundreds of billions" target: that is, the market value of more than 100 billion yuan, the stock price of more than 1000 yuan, revenue of 100 billion yuanit is known that in the first half of this year, Guizhou Maotai has a total of 2415 domestic distributors, 21 new, cut 593Guizhou Maotai in the semi-annual report, in order to further optimize the distribution of the marketing network, improve the overall strength of dealers, Maotai on part of the sauce series wine dealers have been cleaned up and eliminated, the reporting period to reduce the total number of sauce series wine dealers 494Li Jingren, deputy secretary, vice chairman and general manager of the party committee of theMaotai Group, also revealed at the aforementioned production and operation briefing that in the first half of this year, Maotai Group has cleaned up 29 enterprises with losses, small profits and zombiesubs, and will ensure a total of 56 sub-enterprises by the end of the yearcompared to the 2018 annual report and the 2019 semi-annual report, the shares held by Cicc jin and Huijin in Guizhou Maotai were unchangedAccording to the Shanghai Stock Flow North, hong Kong Central Clearing Co., Ltdheld a total of 8.45% of Guizhou Maotai at the end of June this yearAt the end of 2018, the stake was 7.96 per centHowever, on July 16th, the Shanghai Stock Exchange data showed that the proportion of Guizhou Maotai shares held by the northerly funds to the total shares of the stock had changed to 8.20%Source: Southern Metropolis