On June 28, Wuliangye will implement dividends, and the equity registration date is the 28th.
With the generous implementation of dividends by many liquor companies, liquor stocks have also strengthened one after another, and the gains have been gratifying.
After the last round of slashing valuations, are liquor stocks all right now?
Intensive dividends for wine companies
According to its dividend distribution plan, Wuliangye will distribute cash of 30.23 yuan (tax included) per 10 shares to all shareholders based on the company's existing total share capital of approximately 3.882 billion shares, with a fixed total distribution amount of approximately 11.734 billion (tax included).The cash dividend is the highest since Wuliangye went public.
Kweichow Moutai is also a big dividend payer.
According to the announcement of Kweichow Moutai, the annual profit distribution plan for 2021 is to distribute a cash dividend of 21.675 yuan (tax included) per share, with a total of 27.228 billion yuan in cash dividends.
Kweichow Moutai once again refreshed its dividend record since its listing.
The dividend this time has increased by nearly 3 billion yuan compared with the previous year's 24.2 billion yuan, and the ratio of dividends to net profit has remained at 51.90% for the third consecutive year.
According to the statistics of the Blue Whale Finance reporter, among the 19 listed liquor companies, 17 liquor companies have intensively distributed dividends. Among them, Kweichow Moutai, Wuliangye, Yanghe, and Luzhou Laojiao all pay 30 yuan or more for every 10 shares.
Among them, only two loss-making wine companies, Golden Seed Wine and *ST Huangtai, did not distribute dividends in 2021.
Golden Seed Wine explained in the financial report that the net cash flow from operating activities in 2021 will be negative, which is in line with the conditions for not implementing cash dividends in the Articles of Association.At the same time, based on the company's current operating conditions, financial conditions, industry and future development plans, the company plans to not distribute cash dividends or give out shares in 2021, and all undistributed profits for this year will be carried over to the next year.
At present, China Resources Strategic Investment has completed the transfer of 49% of the equity of the Golden Seed Group, becoming the second largest shareholder of the Golden Seed Group. The management of China Resources has also entered the Golden Seed Wine Group. It is unknown whether the Golden Seed Wine will pay a large dividend next year.
Another non-dividend wine company, *ST Huangtai, has never paid dividends since its listing in 2000, so it is also known as the "iron rooster" among wine companies.
In April this year, due to the fact that the audited net profit in the latest fiscal year was negative and the operating income was less than 100 million yuan, *ST Huangtai wore a hat for five times and even faced the risk of delisting. From this point of view, there is a high probability that next year will also be It is difficult to get the "iron rooster" to pluck the hair.
Liquor stocks strengthened
Perhaps affected by the intensive dividend distribution of liquor companies, liquor stocks have been active recently, and the gains have been gratifying.
The share price of Moutai, the first brother of liquor, returned to 2,000 yuan, and closed at 2,036 yuan on June 28, up 1.27%.
Judging from the gains on the 60th, liquor stocks such as Laobaigan Liquor, Gujing Tribute Liquor, Yanghe Co., Ltd., and Luzhou Laojiao were among the top gainers.From the perspective of market value, in addition to the high market value of Maotai, Wuliangye, Shanxi Fenjiu, Luzhou Laojiao, and Yanghe shares also have a circulating market value of more than 100 billion.
Shen Meng, executive director of Chanson Capital, told the Blue Whale Finance reporter that after the previous round of valuation cuts, liquor stocks fell all the way.With the trend of the epidemic, under the support of policy support + the improvement of the prevention and control situation, the inflection point of consumption recovery is coming, the prosperity will continue to rise, and liquor stocks will begin to enter a new cycle.Judging from this year's Q1 financial report, the overall performance of liquor stocks is splendid, and the leading companies' ability to resist risks, adjust space, and survive is stable.Finally, with the successive landing of infrastructure investment, it has also driven the liquor stocks that are highly related to infrastructure to rise.
In addition, a series of positive signals recently released by Maotai have also brought strong expectations to investors.
At the Moutai shareholders meeting held on June 16 this year, Moutai may reveal some price increase information.
According to Securities Market Red Weekly, on the day before the 2021 Moutai Shareholders Meeting, Kweichow Moutai Chairman Ding Xiongjun, acting general manager Li Jingren and board secretary Jiang Yan visited shareholders living in the Moutai Hotel.
Regarding the price increase of Moutai, Ding Xiongjun responded, "Feitian 53% vol 100ml Moutai is also regularly grabbed by many people. A bottle sells for 399 yuan, 500ml is equivalent to 1995 yuan. You know, released some Signal."
At the same time, there are rumors in the industry that on July 1, Maotai e-commerce platform i Maotai will be launched soon, and its retail price will increase by 100 yuan to 1599 yuan.
Since then, i Moutai has clarified on its WeChat public account that the online products and sales model of i Moutai remain unchanged, and there is no plan to raise prices. All official information shall prevail.
A recent research report by Zheshang Securities pointed out that even if the profit end of Moutai does not raise the price of 500ml Feitian Moutai, it has strong flexibility, showing the strong development potential of the company.This year, the annual performance target of 15% increase in operating income is achieved, which is highly attainable. Moutai has strong growth potential and performance certainty.
(Editor in charge: Guan Jing)
