Anhui Kouzi Distillery's performance declined last year with revenue not meeting targets, reducing the dividend rate to less than 50%. | Interpretations

① Anhui Kouzi Distillery failed to meet its previously set revenue growth targets; as Net income declined, the company reduced its dividend payout ratio to below 50%; ② Amid the performance downturn, Anhui Kouzi Distillery still lavishly spent over 30 million yuan on Consulting Services. Over the past three years, Anhui Kouzi Distillery has spent more than 81 million yuan on consulting services such as McKinsey; ③ Anhui Kouzi Distillery did not clarify its operating targets for this year in the annual report, only stating that the industry situation remains severe in 2025.

cls.cn08:44 ET

Anhui Gujing Distillery: Last year's revenue and total profit did not meet the targets; this year plans for "steady growth" in operations | Interpretations

① Anhui Gujing Distillery was unable to meet its operational targets set last year. Amid weak consumer demand, the company unusually did not propose specific revenue targets for this year, only stating intentions for "steady growth"; ② Last year, the company's core product, the vintage raw liquor, continued to show an increase in both volume and price, but the growth rate of sales and ton price slowed down; ③ The dividend payout ratio for Anhui Gujing Distillery in 2024 has increased by 6 percentage points to 57.49%.

cls.cnApr 27 05:49 ET

Last year's revenue growth did not meet the guidance. Hebei Hengshui Laobaigan Liquor: striving for approximately 2% revenue growth this year | Interpretations

① Last year, the revenue growth of Hebei Hengshui Laobaigan Liquor did not meet the target, but through optimizing the product structure and reducing costs while increasing efficiency, the company's Net income still grew by more than 18%; ② This year's operational goals for Hebei Hengshui Laobaigan Liquor are relatively "steady", with the company planning to achieve revenue of 5.47 billion yuan, a year-on-year increase of about 2%; ③ Some senior executives of the company are planning to reduce their Shareholding.

cls.cnApr 25 11:02 ET

Intensive promotions could not overcome weak demand; Beijing Shunxin Agriculture's net profit in Q1 dropped nearly 40%, and contract liabilities decreased by over 50% | Interpretations

① Despite Beijing Shunxin Agriculture increasing promotional efforts in Q1 this year, revenue declined by nearly 20%, and net income also dropped by nearly 40%. ② Last year, Beijing Shunxin Agriculture turned losses into profits, but the company's net income did not meet the expectations of most brokerages. ③ As of the end of March this year, Beijing Shunxin Agriculture's contract liabilities amounted to 0.381 billion yuan, a year-on-year decrease of approximately 54.8%, and down 78.31% compared to the beginning of the year.

cls.cnApr 22 11:23 ET

Jinhui Liquor's Q1 performance growth rate has dropped to single digits, with contract liabilities declining year-on-year | Interpretations

① In Q1 this year, revenue and net income only achieved single-digit growth, a significant slowdown compared to last year; ② Optimization of product structure has driven the company's net income growth rate in Q1 this year to exceed the revenue growth rate; ③ By the end of Q1 this year, Jinhui Liquor's contract liabilities were approximately 0.583 billion yuan, a year-on-year decline of about 7.6%, and a decrease of approximately 8.6% compared to the end of last year.

cls.cnApr 14 08:31 ET

Brokerage morning meeting highlights: Listed companies significantly Increase Stake & Buy Back, demonstrating determination and strength.

In today's brokerage morning meeting, Founder Securities believes that listed companies are significantly increasing their Increase Stake & Buy Back measures to demonstrate resolve and strength; China International Capital Corporation suggested that the Federal Reserve is not expected to cut interest rates in the short term, with a potential restart of rate cuts possibly in the third quarter; HTSC believes that the Real Estate property management Sector has both improvement potential and dividend value.

cls.cnApr 10 20:14 ET