Tsingtao annual net profit is expected to double last year on the basis of – Qin
Tsingtao Brewery has released the first three quarters forecasted to notice, preliminary estimates by the Company's financial sector is expected to Company and its subsidiaries as of September 30, 2009 only nine months net profit attributable to shareholders of the parent than the same period last year of about 7 billion yuan, up about 75% to 85%. Investment Advisor in the food industry, Chen Chen, chief researcher that, in accordance with the present data, Qingdao beer is expected to exceed last year's net profit doubled.
Tsingtao Brewery Company believes that substantial growth performance is due to its brand portfolio to improve the integration of optimization and caused a strong company management and barley are also driven down the cost of cost reduction. On this basis, Tsingtao Brewery Q3 profit for 2009, an increase of 75-85%, equivalent to 2009 years ago 9 months net profit of more than 1.2 billion.
The first half, Qingdao Beer 9.1 billion sales revenue, up 15%; net profit of 640 million yuan, an increase of 68%. The company sold the first half of 302 million liters of beer, up 12.4%, 6% higher than the industry standard. Investment Advisor in the food industry, Chen Chen, chief researcher believes that the first three quarters of net profit in accordance with terms, of Qingdao beer than last year's net profit is expected to double. Data show that in 2008, Tsingtao Brewery net profit 700 million yuan, up 25.34 percent.
Investment adviser in the food industry's chief researcher Chen Chen that appear significant increase in net profit of Tsingtao Brewery reason, for many reasons. External factors and internal factors are leading to significant increase in net profit mainly Qingdao beer. From the internal factor, since the first half, the product of Qingdao beer structure was further optimized, high-end brands account for an increasing proportion of products; beer raw wheat prices fell, leading to further increase the company's gross margins; Qingdao beer market share further enhanced to further increase market share. From the perspective of external factors, financial crisis, further reducing domestic breweries; ago in August, sales of domestic beer industry to maintain a good situation, brother ALFY beer market further.
The first half of the main brand of Qingdao beer sales of 144 million liters, up 29.5%, the top four brands (1 +3 brand, Tsingtao Brewery and the beer landscape, Laoshan Beer, Hans beer) sales of 288 million liters, representing has reached more than 95% higher than last year, about 1 percentage point. In the first half, Qingdao, the main brand of beer sales and sales appear to enhance the high-end, tons of liquor prices to continue growing, an increase of 2.3%. Product gross margin was 33.9%, up 1.8 percentage points.
Investment adviser in the release of "2009-2012 China's beer industry and prospects of investment analysis report" shows 1-August, the domestic beer industry total production reached 30,946,400 tons, up 6.6% year on year growth of 0.6 percentage points; beer industry accumulated sales revenue of more than 843.6 billion yuan, up 11.02%; profits totaled more than 62.7 billion yuan, up 31%.
Entering the fourth quarter, the consumption of beer into the traditional low season, Qingdao beer profits will be affected, but with all advantages of Qingdao beer is expected to make its full year net profit doubled in the last year on the basis of.
I am an expert from China Manufacturers, usually analyzes all kind of industries situation, such as biosilk flat iron , keratin hair straightening treatment.
Processing your request, Please wait....
