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Moutai Group Li Baofang: Maintaining a growth rate of about 30% for a long time, irrational and unrealistic

来源:中新经纬 07:50, January 03, 2020 Source: Sino-Singapore Jingwei

Sino-Singapore Jingwei Client January 3rd According to the official website of Maotai Group, Maotai Group held the 2020 work conference and the "Infrastructure Year" kick-off meeting on the 2nd. Li Baofang, Secretary of the Party Committee and Chairman of Maotai Group, said at the meeting that as a "100 billion-level" enterprise, he hopes to maintain a growth rate of about 30% for a long time. It is neither irrational, unrealistic, nor irresponsible. Normalization, sustainable and healthier development, not ups and downs.

Li Baofang mentioned that whether a brand can be stable and far-reaching is not about how high it is, but how realistic it is.

"Do not blindly pursue high speed, let alone high speed beyond the scope of ability." Li Baofang pointed out at the meeting: "We must not leave sequelae to future generations because of the growth of" intemperance. "

Li Baofang said that in 2020 in Maotai, it is more important to lay a solid foundation. We must maintain sufficient sobriety and rationality, think carefully and plan scientifically for this year's work. Actively adjusting and consolidating the foundation is not a stall, but to go more stable, better, and farther.

It is understood that the Maotai Group Party Committee stated at the meeting that 2020 was identified as the "Year of Infrastructure", and the work keynote of "Responding to Danger and Responsibility and Long-term Stability" was proposed.

In addition, Li Jingren, deputy secretary and general manager of the Party Committee of Maotai Group, revealed at the meeting that Moutai's main expected goals for this year: to complete operating income of 110 billion yuan, an increase of 10% year-on-year; total industrial output value of 102.7 billion yuan, an increase of 8% year-on-year; value-added 1080 Billion yuan, an increase of 9% year-on-year; net profit of 50.5 billion yuan, an increase of 10% year-on-year; tax revenue of 45.5 billion yuan, an increase of 9% year-on-year. It has completed the production of 150,000 tons of alcoholic beverages, 142,000 tons of alcoholic beverages, and completed a project investment of 10.62 billion yuan.

It is worth noting that in the morning of January 2, Guizhou Moutai issued an announcement saying that total operating income in 2019 would be about 88.5 billion yuan, an increase of about 15% year-on-year; net profit attributable to shareholders of listed companies was about 40.5 billion yuan, a year-on-year increase. Increased by about 15%. In the industry's opinion, this data of Guizhou Moutai is significantly lower than market expectations.

After the market opened on January 2, Guizhou Moutai's stock price fell, and once fell 5.6%. As of the close, Guizhou Moutai's stock price was reported at 1,130 yuan / share, a decrease of 4.48%; the market value was 1.42 trillion yuan, and 66.568 billion yuan evaporated in one day. (Zhongxin Jingwei APP)

(Responsible editor: Wang Wanying)

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Moutai Group Li Baofang: Maintaining a growth rate of about 30% for a long time, irrational and unrealistic

来源:中新经纬 2020-01-03 07:50 Source: China and Singapore Jingwei
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