On the evening of March 11, Luzhou Laojiao released the 2021 performance report. Luzhou Laojiao achieved a total operating income of 20.384 billion yuan, a year-on-year increase of 22.4%; net profit attributable to the parent was 7.849 billion yuan, a year-on-year increase of 30.7%. Basic earnings per share was 5.36 yuan, a year-on-year increase of 30.73%.
According to the financial report, the revenue of Luzhou Laojiao in the four quarters of last year was 5.004 billion, 4.313 billion, 4.793 billion and 6.274 billion respectively; the net profit was 2.167 billion, 2.060 billion, 2.049 billion and 1.573 billion yuan.
Among them, Q4’s revenue and net profit were the best performances in the same quarter of previous years, especially the column of operating income was a record high in a single quarter since its listing.
Liquor industry analyst Cai Xuefei told Blue Whale Finance reporter that in the second half of last year, when the growth rate of wine, sauce and wine slowed down, Luzhou-flavored wine has rebounded. As a national high-end famous wine brand, Luzhou Laojiao Guojiao 1573 has outstanding cost performance; , Luzhou Laojiao has adjusted its channels in place in recent years, and the effect of channel sinking in the national market has appeared.
Luzhou Laojiao said that in 2021, the company will thoroughly implement the development policy of “fine management to increase efficiency, precision marketing to expand the market”, and promote the healthy growth of business scale and profitability. During the reporting period, the net profit attributable to shareholders of the listed company increased by more than 30%, mainly due to the increase in operating income and the continuous increase in the proportion of mid-to-high-end products. At the same time, the company implemented refined management to further reduce the expense ratio.Return to Sohu, see more
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