Special topicCrashbandicoot1996Kouzijiao publishes 2023 annual report
Kouzijiao released its 2023 annual report on April 29. During the reporting period, the company achieved revenue 59Crashbandicoot19966.2 billion yuan, an increase of 16.10% over the same period last year. The net profit belonging to the shareholders of the listed company was 1.721 billion yuan, an increase of 11.04% over the same period last year, but the return net profit did not reach the 2021 level.
Kouzijiao said that in 2023, the liquor industry showed strong resilience in the face of multiple challenges such as increased macroeconomic uncertainty, weak consumption, overcapacity, high inventories and inverted prices. Kouzi wine industry actively responded to the increasingly fierce stock competition, and achieved remarkable results in all kinds of work.
However, compared with the two major competitions in Anhui Province, Gujing tribute wine and Yingjia tribute wine, the gap between Kouzi cellar and it seems to be getting farther and farther.
According to the Gujing tribute wine annual report, the company's revenue was 20.254 billion yuan in 2023 and 16.713 billion yuan in 2022, with high exports of 14.292 billion yuan and 11.578 billion yuan respectively. The revenue of Yingjiagong wine in 2023 and 2022 was 6.702 billion yuan and 5.505 billion yuan respectively, and the export of Zijiao was 740 million yuan and 370 million yuan respectively. The gap doubled after a year.
According to the regional income, most of the income of Kouzijiao depends on Anhui Province. In 2023, the revenue in the province was 4.902 billion yuan, accounting for 83.81%.
In addition, the performance of Kouzijiao seems to be supported entirely by high-end products, with high-end liquor revenue of 5.678 billion yuan, revenue growth of 16.58% over the same period last year, and gross profit margin of 75.87%. The revenue of mid-range liquor was only 76 million yuan, down 19.76% from the same period last year, and the gross profit margin was 44.38%. The revenue of low-grade liquor was 95 million yuan, a slight increase of 0.72% over the same period last year, and the gross profit margin was 42.85%.
In terms of sales, high-end spirits sold 30972 thousand litres in 2023, an increase of 13.40 percent over the same period last year. Sales of mid-range spirits were 2,242 kiloliters, down 25.45 percent from the same period last year. Sales of low-grade spirits were 3,548,000 liters, down 9.05% from the same period last year.
According to reports, the above high-grade products refer to five-year cellar, six-year cellar, imperial respect, small pool cellar, ten-year cellar, 20-year cellar, 30-year cellar, early summer treasure storage, mid-autumn treasure storage, factory commemorative edition, and 10 series, 20 series and 30 series. Mid-range products refer to Laokouzi, Kouzi Wine and Kouzi Fang. Low-grade product Zhi Kouzi wine series.