toproulettesites| Shanxi Fenjiu: In 2024, we will insist on seeking progress while maintaining stability, and strive to increase operating income by 20% compared with the previous year

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May 20toproulettesites, Shanxi Fenjiu held its 2023 annual performance presentation meeting. Some investors asked at the meeting that the company's performance has achieved stable growth in recent years. What plans does the company have in 2024?

In this regard, Xu Zhifeng, Secretary of the Board of Directors of Shanxi Fenjiu, responded that in 2024, the company will adhere to the general tone of seeking progress while maintaining stability while advancing, and make overall considerations of needs and possibilities, current and long-term, favorable conditions and unfavorable factors in all aspects, and follow the principle of seeking truth from facts and being proactive, and "gathering potential energy, marketing breakthroughs to increase benefitstoproulettesitesGuided by the operating policy of "cultural leadership, brand upgrading promotes development; production capacity improvement, strengthening roots and improving quality; management upgrading, empowering digital intelligence and gathering strength", we will scientifically and reasonably determine the main indicators for 2024, and strive to increase operating income by 20% compared with the previous year.

On April 25, Shanxi Fenjiu disclosed its annual report. The report shows that the company will achieve operating income of 319 in 2023toproulettesites.28 billion yuan, a year-on-year increase of 21toproulettesites.8%, successfully exceeding 30 billion yuan. The net profit attributable to the parent company was 10.438 billion yuan, a year-on-year increase of 28.93%. Since 2020, Fenjiu's revenue has reached a compound annual growth rate of 32%, and its net profit has reached a compound annual growth rate of 50%.

From a nationalization perspective, revenue outside the province will reach 19.659 billion yuan in 2023, a year-on-year increase of 22.84%, accounting for 62% of total revenue. The province's revenue was 12.084 billion yuan, a year-on-year increase of 20.41%. According to the information disclosed in the annual report, the 1 billion-yuan market outside the province continued to increase last year, and the core market south of the Yangtze River grew by more than 30% year-on-year. Nationalization is full of potential.

toproulettesites| Shanxi Fenjiu: In 2024, we will insist on seeking progress while maintaining stability, and strive to increase operating income by 20% compared with the previous year

In terms of product structure, alcohol revenue was 31.743 billion yuan, a year-on-year increase of 21.9%. Among them, medium and high-priced liquor achieved revenue of 23.2 billion yuan, a year-on-year increase of 22.6%, and both volume and price increased. Other liquors achieved revenue of 8.54 billion yuan, a year-on-year increase of 20.2%. The product structure continued to be optimized, and the revenue of the blue and white series exceeded 10 billion yuan., sales accounted for 46%, while the blue and white 20 became a single product of 10 billion yuan.

In 2023, Shanxi Fenjiu successfully crossed the threshold of 30 billion yuan. From the perspective of total market value, Shanxi Fenjiu is already the third largest listed liquor company after Kweichow Moutai and Wuliangye.

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