Li Baofang, Maotai: irrational and unrealistic to maintain the growth rate of about 30percent for a long time

category:Finance
 Li Baofang, Maotai: irrational and unrealistic to maintain the growth rate of about 30percent for a long time


Li Baofang mentioned that the stability of a brand is not determined by how high it is pulled out, but by how much it is seen as real.

We must not pursue high speed, let alone speed beyond our capabilities. Li Baofang pointed out at the meeting: we must not leave a sequela to future generations because of the uncontrolled growth.

Li Baofang said that it is more important to lay a solid foundation in Moutai in 2020. We must be sober and rational enough to think carefully and plan our work for this year. Actively adjusting and consolidating the foundation is not stall, but to walk more steadily, better and further.

It is understood that the Party committee of Maotai Group said at the meeting that 2020 will be determined as the year of infrastructure construction and put forward the work keynote of thinking of danger in safety and seeking stability in the future.

In addition, Li Jingren, deputy secretary of the Party committee and general manager of Maotai Group, revealed at the meeting the main expected objectives of Maotai this year: to achieve business revenue of 110 billion yuan, a year-on-year increase of 10%; total industrial output value of 102.7 billion yuan, a year-on-year increase of 8%; added value of 108 billion yuan, a year-on-year increase of 9%; net profit of 50.5 billion yuan, a year-on-year increase of 10%; and tax revenue of 45.5 billion yuan, a year-on-year increase of 9%. 150000 tons of alcohol production, 142000 tons of alcohol sales and 10.62 billion yuan of project investment have been completed. It is worth noting that in the morning of January 2, Guizhou Moutai announced that the total operating revenue in 2019 was about 88.5 billion yuan, an increase of about 15% year on year; the net profit attributable to shareholders of listed companies was about 40.5 billion yuan, an increase of about 15% year on year. In the view of industry insiders, the data of Moutai in Guizhou is obviously lower than the market expectation. After the opening of trading on January 2, the stock price of Moutai in Guizhou fell by 5.6%. As of the closing, the share price of Guizhou Moutai was 1130 yuan / share, down 4.48%; the market value was 1.42 trillion yuan, with 66.568 billion yuan evaporated in one day. (Zhongxin Jingwei APP) source: Zhongxin Jingwei editor in charge: Wang xiaowu_

In addition, Li Jingren, deputy secretary of the Party committee and general manager of Maotai Group, revealed at the meeting the main expected objectives of Maotai this year: to achieve business revenue of 110 billion yuan, a year-on-year increase of 10%; total industrial output value of 102.7 billion yuan, a year-on-year increase of 8%; added value of 108 billion yuan, a year-on-year increase of 9%; net profit of 50.5 billion yuan, a year-on-year increase of 10%; and tax revenue of 45.5 billion yuan, a year-on-year increase of 9%. 150000 tons of alcohol production, 142000 tons of alcohol sales and 10.62 billion yuan of project investment have been completed.

It is worth noting that in the morning of January 2, Guizhou Moutai announced that the total operating revenue in 2019 was about 88.5 billion yuan, an increase of about 15% year on year; the net profit attributable to shareholders of listed companies was about 40.5 billion yuan, an increase of about 15% year on year. In the view of industry insiders, the data of Moutai in Guizhou is obviously lower than the market expectation.

After the opening of trading on January 2, the stock price of Moutai in Guizhou fell by 5.6%. As of the closing, the share price of Guizhou Moutai was 1130 yuan / share, down 4.48%; the market value was 1.42 trillion yuan, with 66.568 billion yuan evaporated in one day. (Zhongxin Jingwei APP)