Muchikamu chekutanga chegore rino, makambani edoro anotungamira aive nemaitiro akajeka e "mutengo wekuwedzera uye kuderera", uye kutengeswa kwedoro kwakadzoka muchikamu chechipiri.
Sekureva kweNational Bureau of Statistics, muhafu yekutanga yegore rino, nekuda kwekukanganisa kwedenda, kubuda kweindasitiri yedoro repamba kwakadonha ne2% gore negore. Kubatsirwa nedoro repamusoro-soro, makambani edoro akaratidza maitiro ekuwedzera kwemutengo uye kuderera kwehuwandu muhafu yekutanga yegore. Panguva imwecheteyo, huwandu hwekutengesa hwakawedzera zvakanyanya muchikamu chechipiri, asi kudzvinyirirwa kwemutengo kwakaratidzwa zvishoma nezvishoma.
Chii chakakonzera denda rehafu yegore kumakambani edoro? Mhinduro inogona kunge iri "kuwedzera kwemutengo uye kuderera kwevhoriyamu".
Manheru aNyamavhuvhu 25, Tsingtao Brewery yakaburitsa chirevo chayo che2022 semi-pagore. Mari inowanikwa muhafu yekutanga yegore yaive 19.273 bhiriyoni yuan, kuwedzera kwe5.73% gore-pagore (zvichienzaniswa nenguva yakafanana yegore rapfuura), uye yakasvika makumi matanhatu muzana emari muna 2021; Net purofiti yaive 2.852 bhiriyoni yuan, kuwedzera kweanenge 18% gore-pagore. Mushure mekubvisa mari isingadzokororwe uye kurasikirwa kwakafanana nerubatsiro rwehurumende rwe240 miriyoni yuan, purofiti yakawedzera neinosvika 20% gore negore; mari yaiwana pachikamu chimwe nechimwe yaive 2.1 yuan pachikamu chimwe nechimwe.
Muhafu yekutanga yegore, huwandu hwekutengesa hweTsingtao Brewery hwakadzikira ne1.03% gore negore kusvika ku4.72 miriyoni kilolitres, iyo huwandu hwekutengesa mukota yekutanga hwakadonha ne0.2% gore negore kusvika ku2.129 mamiriyoni. kiloliters. Zvichienderana nekuverenga uku, Tsingtao Brewery yakatengesa 2.591 miriyoni kiloliters mukota yechipiri, iine gore-pa-gore kukura kweinoda kusvika 0.5%. Kutengeswa kwedoro muchikamu chechipiri kwakaratidza zviratidzo zvekupora.
Chirevo chezvemari chakaratidza kuti chigadzirwa chekambani chakagadziridzwa muhafu yekutanga yegore, izvo zvakafambisa gore negore kuwedzera kwemari panguva iyoyo. Muhafu yekutanga yegore, huwandu hwekutengesa kwechikwata chikuru Tsingtao Beer chaive mamiriyoni 2.6 kiloliters, gore negore kuwedzera kwe2,8%; huwandu hwekutengesa hwepakati-kusvika-yepamusoro-yekupedzisira uye pamusoro pezvigadzirwa zvaive 1.66 miriyoni kiloliters, gore negore kuwedzera kwe6.6%. Muhafu yekutanga yegore, mutengo wewaini patani waiva we4,040 yuan, kuwedzera kweanopfuura 6% gore negore.
Panguva imwe chete iyo mutengo wetani wakawedzera, Tsingtao Brewery yakatanga mushandirapamwe we "Summer Storm" mukati memwaka wepamusoro kubva munaJune kusvika Gunyana. Everbright Securities chiteshi chekutevera chinoratidza kuti kuwedzera kwekutengesa kweTsingtao Brewery kubva munaNdira kusvika Chikunguru kwakawana kukura kwakanaka. Pamusoro pekuda kweindasitiri yedoro yakaunzwa nekupisa kwemamiriro ekunze zhizha rino uye kukanganisa kweiyo yakaderera gore rapfuura, Everbright Securities inofanotaura kuti huwandu hwekutengesa kweTsingtao Beer muchikamu chechitatu hunotarisirwa kuwedzera zvakanyanya gore-pa- gore. .
Shenwan Hongyuan's tsvagiridzo yaNyamavhuvhu 25 yakaratidza kuti musika wedoro wakatanga kudzikama muna Chivabvu, uye Tsingtao Brewery yakawana kukura kwenhamba imwe chete muna Chikumi, nekuda kwekuswedera kwemwaka wepamusoro uye mushure medenda muripo wekushandisa. Kubva mwaka wepamusoro wegore rino, wakakanganiswa nemamiriro ekunze ekunze ekunze, kudiwa kwemvura kwakadzikama, uye pave kudiwa kuzadzazve parutivi rwechaneru. Naizvozvo, Shenwan Hongyuan anotarisira kuti kutengeswa kweBia reTsingtao muna Chikunguru naNyamavhuvhu kunotarisirwa kuchengetedza kukura kwenhamba imwe chete.
China Resources Beer yakazivisa mhedzisiro yayo kwehafu yekutanga yegore muna Nyamavhuvhu 17. Mari yekuwana yakawedzera ne7% gore-pagore kusvika 21.013 bhiriyoni yuan, asi mambure purofiti yakadonha ne11,4% gore negore kusvika 3.802 bhiriyoni yuan. Mushure mekubvisa mari kubva mukutengeswa kwevhu neboka gore rapfuura, iyo mambure purofiti panguva imwecheteyo muna 2021 ichakanganiswa. Mushure mekuita kweChina Resources Beer hafu yekutanga yegore, iyo purofiti yeChina Resources Beer yakawedzera neinopfuura 20% gore-pa-gore.
Muhafu yekutanga yegore, yakakanganiswa nedenda, huwandu hwekutengesa hweChina Resources Beer hwakanga huri pasi pekumanikidzwa, zvichidzika zvishoma ne0.7% gore negore kusvika pamamiriyoni 6.295 kiloliters. Kuitwa kwedoro repamusoro kwakakanganiswawo kusvika pamwero wakati. Nhamba yekutengesa ye-sub-high-end uye pamusoro pedoro yakawedzera inenge 10% gore negore kusvika ku 1.142 mamiriyoni kiloliters, iyo yakanga yakakwirira kudarika yegore rapfuura. Muhafu yekutanga ya2021, kukura kwe50.9% gore-pa-gore kwakadzikira zvakanyanya.
Sekureva kwemushumo wezvemari, kuitira kudzikamisa kudzvanywa kwekukwira kwemitengo, China Resources Beer yakagadzirisa zvine mwero mitengo yezvimwe zvigadzirwa panguva iyi, uye avhareji mutengo wekutengesa muhafu yekutanga yegore yakawedzera neinenge 7.7% gore- pa-gore. China Resources Beer yakataura kuti kubva muna Chivabvu, mamiriro edenda munzvimbo zhinji dzeChina akadzikira, uye musika wedoro wadzoka zvishoma nezvishoma.
Sekureva kwaGuotai Junan's Guotai Junan's 19 Nyamavhuvhu tsvagiridzo, chiteshi tsvakiridzo inoratidza kuti China Resources Beer inotarisirwa kuona yakakwira-nhamba yekukura mukutengesa kubva munaChikunguru kusvika kutanga kwaNyamavhuvhu, uye kutengesa kwepagore kunogona kutarisirwa kuwana kukura kwakanaka, ne-sub-high. -kuguma uye pamusoro pedoro kudzokera pakukura kwepamusoro.
Budweiser Asia Pacific yakaonawo kudzikira kwemutengo wekuwedzera. Muhafu yekutanga yegore, kutengesa kweBudweiser Asia Pacific mumusika weChinese kwakaderera ne5.5%, nepo mari pahectoliter yakawedzera ne2,4%.
Budweiser APAC yakataura kuti muchikamu chechipiri, "kugadzirisa chiteshi (kusanganisira makirabhu ehusiku nemaresitorendi) uye kusanganiswa kwenzvimbo kwakanganisa zvakanyanya bhizinesi redu uye kusaita indasitiri" mumusika weChina. Asi kutengesa kwayo mumusika weChinese kwakanyora kukura kwe10% munaJune, uye kutengesa kwepamusoro-soro uye yekupedzisira-yepamusoro-soro yechigadzirwa portfolio zvakare yakadzokera pakukura kwenhamba mbiri munaJune.
Pasi pekumanikidzwa kwemutengo, makambani ewaini anotungamira "gara zvakasimba"
Kunyangwe mutengo patani yemakambani edoro wave uchikwira, mutengo wekumanikidza wakabuda zvishoma nezvishoma mushure mekunge kukura kwekutengesa kwadzikira. Zvichida yakadhonzwa nemutengo uri kukwira wezvigadzirwa uye zvekurongedza, mutengo weChina Resources Beer wekutengesa muhafu yekutanga yegore wakawedzera ne7% gore-pa-gore. Naizvozvo, kunyangwe mutengo weavhareji muhafu yekutanga yegore wakawedzera neinosvika 7.7%, iyo gross profit margin yeChina Resources Beer muhafu yekutanga yegore yaive 42.3%, yaive yakafanana nenguva imwe chete muna 2021.
Doro reChongqing rinokanganiswawo nekukwira kwemitengo. Manheru aNyamavhuvhu 17, Chongqing Beer yakaburitsa chirevo chayo che2022 semi-pagore. Muhafu yekutanga yegore, mari yakawedzera ne11.16% gore negore kusvika ku7.936 bhiriyoni yuan; net profit yakawedzera ne16.93% gore-pa-gore kusvika 728 miriyoni yuan. Yakakanganiswa nedenda muchikamu chechipiri, huwandu hwekutengesa kwedoro reChongqing hwaive 1,648,400 kiloliters, kuwedzera kwe6.36% gore-pa-gore, iyo yainonoka kupfuura yekukura kwekutengesa kweinopfuura 20% gore-pa-gore nguva imwe chete gore rakapera.
Izvo zvakakosha kucherechedza kuti huwandu hwekukura kwemari yeChongqing Beer's yepamusoro-yekupedzisira zvigadzirwa seWusu zvakare yakadzikira zvakanyanya muhafu yekutanga yegore. Mari yezvigadzirwa zvepamusoro-soro pamusoro pe10 yuan yakawedzera neinenge 13% gore-pa-gore kusvika ku2.881 bhiriyoni yuan, nepo gore-pa-gore kukura kwakapfuura 62% munguva imwe cheteyo gore rapfuura. Muhafu yekutanga yegore, mutengo wematani edoro reChongqing waive 4,814 yuan, gore-pa-gore kuwedzera kweanopfuura 4%, nepo mutengo wekushandisa wakawedzera neinopfuura 11% gore-pa-gore kusvika 4.073 bhiriyoni. yuan.
Yanjing Beer iri kutarisanawo nedambudziko rekunonoka kukura pakati-kusvika-pamusoro pekupedzisira. Manheru emusi waNyamavhuvhu 25, Yanjing Beer yakazivisa mhedzisiro yayo. Muhafu yekutanga yegore rino, mari yaro yaiva 6.908 bhiriyoni yuan, gore negore kuwedzera kwe9,35%; purofiti yayo yaive 351 miriyoni yuan, gore-pa-gore kuwedzera kwe21.58%.
Muhafu yekutanga yegore, Yanjing Beer yakatengesa mamiriyoni 2.1518 kiloliters, kuwedzera kuduku kwe0.9% gore negore; Inventory yakawedzera neinenge 7% gore-pa-gore kusvika 160,700 kiloliters, uye mutengo wetani wakawedzera neinopfuura 6% gore-pa-gore kusvika 2,997 yuan / tani. Pakati pavo, mari yezvigadzirwa zvepakati-kusvika-yepamusoro-soro yakawedzera ne 9.38% gore negore kusvika ku4.058 bhiriyoni yuan, iyo yainyanya kunonoka kudarika kukura kweinenge 30% munguva imwechete yegore rapfuura; nepo mutengo wekushandisa wakawedzera neinopfuura 11% gore-pa-gore kusvika 2.128 bhiriyoni yuan, uye gross profit margin yakadzikira ne0.84% gore-pa-gore. chikamu che47.57%.
Nekumanikidzwa kwemutengo, makambani edoro anotungamira anosarudza kudzora mari.
"Boka richashandisa pfungwa yekuti 'kurarama hupenyu hwakaoma' muhafu yekutanga ya2022, uye kutora matanho akati wandei kudzikisa mitengo uye kuwedzera mashandiro ekudzora mari yekushandisa." China Resources Beer yakabvuma mumushumo wayo wezvemari kuti njodzi dziri munzvimbo yekunze yekushanda dziri pamusoro, uye inofanirwa "kusunga" bhandi. Muhafu yekutanga yegore, mari yekushambadzira uye yekushambadzira yeChina Resources Beer yakadzikira, uye kutengesa nekugovera mari kwakadzikira neinosvika 2.2% gore-pa-gore.
Muhafu yekutanga yegore, mutengo wekutengesa weTsingtao Brewery wakaitwa ne1.36% gore negore kusvika ku2.126 bhiriyoni yeyuan, kunyanya nekuti maguta ega ega akabatwa nedenda, uye mari yakadonha; manejimendi mari yakadzikira ne0.74 muzana mapoinzi gore negore.
Nekudaro, Chongqing Beer neYanjing Beer vachiri kuda "kukunda maguta" mukuita kwedoro repamusoro nekudyara mumitengo yemusika, uye mari inoshandiswa panguva iyi yakawedzera gore negore. Pakati pavo, mutengo wekutengesa weChongqing Beer wakawedzera neinosvika 8 muzana mapoinzi gore-pa-gore kusvika 1.155 bhiriyoni yuan, uye mutengo wekutengesa weYanjing Beer wakawedzera neinopfuura 14% gore-pa-gore kusvika 792 miriyoni yuan.
Chirevo chekutsvakurudza cheZheshang Securities musi waAugust 22 chakaratidza kuti kuwedzera kwemari yedoro muchikamu chechipiri kwainyanya kukonzerwa nekuwedzera kwemutengo wetani wakaunzwa nekuvandudzwa kwemaitiro uye kuwedzera kwemutengo, pane kuwedzera kwekutengesa. Nekuda kwekudzikira kwemari yekusimudzirwa uye kukwidziridzwa pasina Indaneti panguva yedenda.
Maererano neshumo yekutsvagisa yeTianfeng Securities musi waNyamavhuvhu 24, indasitiri yedoro inoverengera chikamu chepamusoro chezvigadzirwa, uye mitengo yezvinhu zvakawanda yakakwira zvishoma nezvishoma kubva 2020. Nekudaro, parizvino, mitengo yezvinhu zvakawanda yakachinja mapoinzi. muchikamu chechipiri nechetatu chegore rino, uye bepa remarata ndiro rinotakura zvinhu. , mitengo yealuminium negirazi yakanyatsosununguka uye yakaderera, uye mutengo webhari inotengeswa ichiri pakakwirira, asi kuwedzera kwakaderera.
Chirevo chekutsvagisa chakaburitswa neChangjiang Securities musi waNyamavhuvhu 26 chinofanotaura kuti kuvandudzwa kwepurofiti kwakaunzwa nemutengo wekuwedzera chikamu uye kukwidziridzwa kwechigadzirwa kuchiri kutarisirwa kuramba kuchiitika, uye purofiti elasticity inotungamirwa nekuderera kwemitengo yezvigadzirwa zvakaita se. kurongedza zvinhu zvinotarisirwa kugamuchira zvakawanda muhafu yechipiri yegore uye gore rinouya. reflect.
Chirevo chekutsvaga cheCITIC Securities musi waAugust 26 chakafanotaura kuti Tsingtao Brewery icharamba ichikurudzira kugadzirwa kwepamusoro. Pasi pemashure ekuwedzera kwemutengo uye kukwidziridzwa kwezvimiro, kuwedzera kwemutengo wetani kunotarisirwa kudzikamisa kudzvanywa kunokonzerwa nekukwira kwemutengo wezvigadzirwa. Chirevo chekutsvagisa cheGF Securities musi waNyamavhuvhu 19 chakaratidza kuti kupera kwepamusoro kweindasitiri yedoro yeChina kuchiri muhafu yekutanga. Nekufamba kwenguva, purofiti yeChina Resources Beer inotarisirwa kuramba ichivandudza pasi pekutsigirwa kwekuvandudzwa kwechigadzirwa.
Tianfeng Securities 'kutsvagisa chirevo muna Nyamavhuvhu 24 yakaratidza kuti indasitiri yedoro yakavandudza zvakanyanya mwedzi-pa-mwedzi. Kune rimwe divi, nekurerutsira kwedenda uye kuwedzera chivimbo chevatengi, kudyiwa kweyakagadzirira-kunwa chiteshi chiteshi kwadziya; Kutengeswa kunotarisirwa kukurumidza. Pasi pepasi rose gore rapera, chikamu chekutengesa chinotarisirwa kuchengetedza kukura kwakanaka.
Nguva yekutumira: Aug-30-2022