On May 20, Shanxi Fenjiu held a 2023 annual performance presentation meeting. Some investors asked at the meeting that China Resources recently signed a cooperation agreement with the company. What is the latest development?
In response, Zhang Yongyi, deputy general manager of Shanxi Fenjiu and general manager of the sales company, responded that since the strategic cooperation between Fenjiu Group and China Resources Entrepreneurship in 2018, China Resources has empowered Fenjiu with its advanced corporate governance experience, strong market operation capabilities, and excellent human resource advantages., good products superpose good channels, and good management helps good brands, which has greatly promoted the improvement of Fenjiu management, market expansion and optimization of corporate governance, and promoted the healthy and stable development of the company. On May 8, the company signed a deepening strategic cooperation agreement and a scientific and technological innovation strategic cooperation framework agreement with China Resources Enterprise and China Resources Science and Technology Research Institute, a subsidiary of China Resources Group. In the next step, the two parties will adhere to the cooperation concept of "complementary advantages, sharing resources, and jointly creating the future", further explore technological and resource advantages, and cooperate in depth in management improvement, marketing, product research and development, digital and intelligence empowerment to achieve strategic progress., business reciprocity, and brand win-win, continue to write a new chapter of high-quality development of "1+1>2".
On April 25, Shanxi Fenjiu disclosed its annual report. The report shows that the company will achieve operating income of 319 in 2023playstation5crash.28 billion yuan, a year-on-year increase of 21.8%, and successfully exceeded 30 billion yuan. The net profit attributable to the parent company was 10.438 billion yuan, a year-on-year increase of 28.93%. Since 2020, Fenjiu's revenue has reached a compound annual growth rate of 32%, and its net profit has reached a compound annual growth rate of 50%.
From a nationalization perspective, revenue outside the province will reach 19.659 billion yuan in 2023, a year-on-year increase of 22.84%, accounting for 62% of total revenue. The province's revenue was 12.084 billion yuan, a year-on-year increase of 20.41%. According to the information disclosed in the annual report, the 1 billion-yuan market outside the province continued to increase last year, and the core market south of the Yangtze River grew by more than 30% year-on-year. Nationalization is full of potential.
In terms of product structure, alcohol revenue was 31.743 billion yuan, a year-on-year increase of 21.9%. Among them, medium and high-priced liquor achieved revenue of 23.2 billion yuan, a year-on-year increase of 22.6%. Both volume and price increased. Other alcoholic liquor achieved revenue of 8.54 billion yuan, a year-on-year increase of 20.2%playstation5crash; The product structure continues to be optimized. The revenue of the blue and white series exceeds 10 billion yuan, accounting for 46% of sales, while the blue and white 20 has become a single product of 10 billion yuan.
In 2023, Shanxi Fenjiu successfully crossed the threshold of 30 billion yuan. From the perspective of total market value, Shanxi Fenjiu is already the third largest listed liquor company after Kweichow Moutai and Wuliangye.
