freecrashbandicootgames| Wuliangye plans to pay dividends of 18.1 billion yuan, a new high since listing

Tang Qiang, a reporter from the Securities Times.

On the evening of April 28th, Wuliangye (000858) (000858) released its 2023 annual report, successfully accomplishing the goal of total revenue set at the beginning of last year to achieve double-digit growth.

In 2023, Wuliangye achieved an operating income of 832FreecrashbandicootgamesThe net profit was 30.211 billion yuan, up 13.19% over the same period last year, and the non-net profit was 30.116 billion yuan, up 12.96% over the same period last year.

At the same time, Wuliangye also bringsFreecrashbandicootgamesA generous annual dividend plan is proposed to distribute a cash dividend of 46.70 yuan (including tax) to all shareholders for every 10 shares. The cash dividend ratio of Wuliangye is 60%, and the total cash dividend has reached 18.127 billion yuan. Both the dividend ratio and the scale of the dividend have reached the highest level since listing.

On the evening of April 28th, Wuliangye also released its quarterly report for 2024. During the reporting period, the company achieved operating income of 34.833 billion yuan, an increase of 11.86% over the same period last year, and a net profit of 14.045 billion yuan, an increase of 11.98% over the same period last year.

In 2023, China's liquor industry continues to maintain squeeze growth, and the evolution of stock competition is accelerated, showing the characteristics of centralization of market share, fierce brand competition, fierce price competition, large-scale development of producing areas and so on. At the same time, the structural differentiation trend of liquor industry is more obvious, which continues to focus on superior brands, superior enterprises and superior producing areas, and the development toughness of liquor industry has been fully demonstrated.

According to data from the China Liquor Industry Association, the total output of the national liquor industry reached 6.29 million liters in 2023, down 5.1 percent from the same period last year; sales revenue reached 756.3 billion yuan, up 9.7 percent from the same period last year; and profits totaled 232.8 billion yuan, up 7.5 percent from the same period last year.

In the face of the actual situation of the industry, Wuliangye mentioned in the annual report that in 2023, the company will adhere to the scientific launch, continue to enhance the market position of the "Wuliangye" brand, and make every effort to improve the quality and efficiency of Wuliangye brand marketing.

In 2023, the operating income of "Wuliangye" products reached 62.804 billion yuan, an increase of 13.5 percent over the same period last year, while that of other alcohol products was 13.643 billion yuan, an increase of 11.58 percent over the same period last year. In terms of production capacity, "Wuliangye" products produced 40135 tons in the whole year, an increase of 18.77 percent over the same period last year.

The investment in R & D of Wuliangye reached 322 million yuan in 2023, an increase of 36.50% over the same period last year. At present, Wuliangye has established 7 national innovation platforms.

Wuliangye continues to expand its channels. In terms of traditional channels, 26000 new core terminals will be added in 2023, and terminal mobile sales will continue to improve; start the construction of "three stores and one", with the current number of specialty stores exceeding 1600, covering more than 1600 cities across the country; and in terms of emerging channels, accelerate the layout of Douyin, Kuaishou and Wechat video account three major e-commerce platforms, the online benchmarking effect is more prominent.

From the point of view of the sales model, the business income of the Wuliangye distribution model in 2023 was 45.985 billion yuan, an increase of 13.56% over the same period last year, while that of the direct sales model was 30.462 billion yuan, an increase of 12.53% over the same period last year.

By the end of 2023, the number of Wuliangye dealers was 2570, a net increase of 81 over the previous year, and the number of Wuliangxiang dealers was 814, a net increase of 159. Overall, the number of dealers of Wuliangye listed companies nationwide is 3384, a net increase of 240,240. (note: there is a partial overlap between Wuliangye dealers and Wuliangnongxiang dealers)