Price Target Changed • May 03
Price target decreased by 16% to CN¥39.09 Down from CN¥46.38, the current price target is an average from 4 analysts. New target price is 8.5% below last closing price of CN¥42.70. Stock is down 0.5% over the past year. The company is forecast to post earnings per share of CN¥0.42 next year compared to a net loss per share of CN¥0.10 last year. Reported Earnings • Apr 29
First quarter 2026 earnings released: EPS: CN¥0.10 (vs CN¥0.098 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.10 (up from CN¥0.098 in 1Q 2025). Revenue: CN¥317.3m (down 7.8% from 1Q 2025). Net income: CN¥33.2m (up 4.6% from 1Q 2025). Profit margin: 11% (up from 9.2% in 1Q 2025). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Beverage industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Announcement • Mar 31
Jiugui Liquor Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Jiugui Liquor Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Announcement • Dec 31
Jiugui Liquor Co., Ltd. to Report Fiscal Year 2025 Results on Apr 29, 2026 Jiugui Liquor Co., Ltd. announced that they will report fiscal year 2025 results on Apr 29, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: CN¥0.058 loss per share (vs CN¥0.20 loss in 3Q 2024) Third quarter 2025 results: CN¥0.058 loss per share (improved from CN¥0.20 loss in 3Q 2024). Revenue: CN¥198.5m (flat on 3Q 2024). Net loss: CN¥18.8m (loss narrowed 71% from 3Q 2024). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Beverage industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Jiugui Liquor Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Jiugui Liquor Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 New Risk • Aug 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change). Reported Earnings • Aug 25
Second quarter 2025 earnings released: CN¥0.07 loss per share (vs CN¥0.15 profit in 2Q 2024) Second quarter 2025 results: CN¥0.07 loss per share (down from CN¥0.15 profit in 2Q 2024). Revenue: CN¥217.3m (down 57% from 2Q 2024). Net loss: CN¥22.8m (down 148% from profit in 2Q 2024). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Beverage industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Declared Dividend • Jul 27
Dividend reduced to CN¥0.60 Dividend of CN¥0.60 is 40% lower than last year. Ex-date: 31st July 2025 Payment date: 31st July 2025 Dividend yield will be 1.2%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 24% per year over the past 8 years. However, payments have been volatile during that time. Announcement • Jul 02
Jiugui Liquor Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Jiugui Liquor Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Announcement • Jun 06
Jiugui Liquor Co., Ltd. Proposes Cash Dividend for the Year 2024 Jiugui Liquor Co., Ltd. at its Annual General Meeting to be on 25 June 2025, proposed cash dividend/10 shares (tax included) of CNY 6.00000000 for the year 2024. Announcement • Jun 04
Jiugui Liquor Co., Ltd., Annual General Meeting, Jun 25, 2025 Jiugui Liquor Co., Ltd., Annual General Meeting, Jun 25, 2025, at 15:00 China Standard Time. Location: Kailai Grand Hotel, Fuzuo Road, Qianzhou New District, Jishou, Hunan China Price Target Changed • May 05
Price target decreased by 7.6% to CN¥47.96 Down from CN¥51.91, the current price target is an average from 6 analysts. New target price is 12% above last closing price of CN¥42.90. Stock is down 24% over the past year. The company is forecast to post earnings per share of CN¥0.28 for next year compared to CN¥0.038 last year. Reported Earnings • Apr 30
First quarter 2025 earnings released: EPS: CN¥0.098 (vs CN¥0.23 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.098 (down from CN¥0.23 in 1Q 2024). Revenue: CN¥344.0m (down 30% from 1Q 2024). Net income: CN¥31.7m (down 57% from 1Q 2024). Profit margin: 9.2% (down from 15% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Beverage industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 39 percentage points per year, which is a significant difference in performance. Price Target Changed • Apr 04
Price target increased by 7.4% to CN¥51.91 Up from CN¥48.33, the current price target is an average from 6 analysts. New target price is 9.2% above last closing price of CN¥47.54. Stock is down 17% over the past year. The company is forecast to post earnings per share of CN¥0.04 for next year compared to CN¥1.69 last year. Announcement • Mar 31
Jiugui Liquor Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Jiugui Liquor Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Major Estimate Revision • Jan 25
Consensus EPS estimates fall by 91% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥1.61b to CN¥1.50b. EPS estimate also fell from CN¥0.438 per share to CN¥0.04 per share. Net income forecast to grow 126% next year vs 13% growth forecast for Beverage industry in China. Consensus price target broadly unchanged at CN¥48.33. Share price fell 6.5% to CN¥45.81 over the past week. Announcement • Dec 31
Jiugui Liquor Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025 Jiugui Liquor Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: CN¥0.20 loss per share (vs CN¥0.17 profit in 3Q 2023) Third quarter 2024 results: CN¥0.20 loss per share (down from CN¥0.17 profit in 3Q 2023). Revenue: CN¥196.9m (down 67% from 3Q 2023). Net loss: CN¥64.5m (down 214% from profit in 3Q 2023). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Beverage industry in China. Over the last 3 years on average, earnings per share has fallen by 42% per year whereas the company’s share price has fallen by 38% per year. Announcement • Sep 30
Jiugui Liquor Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Jiugui Liquor Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 New Risk • Sep 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 132% Paying a dividend despite having no free cash flows. High level of non-cash earnings (54% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Profit margins are more than 30% lower than last year (11% net profit margin). Valuation Update With 7 Day Price Move • Sep 24
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥39.60, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 17x in the Beverage industry in China. Total loss to shareholders of 84% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥73.92 per share. Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.38 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.15 (down from CN¥0.38 in 2Q 2023). Revenue: CN¥500.2m (down 13% from 2Q 2023). Net income: CN¥47.6m (down 61% from 2Q 2023). Profit margin: 9.5% (down from 21% in 2Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Beverage industry in China. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has fallen by 44% per year, which means it is performing significantly worse than earnings. Declared Dividend • Jul 25
Dividend reduced to CN¥1.00 Dividend of CN¥1.00 is 23% lower than last year. Ex-date: 31st July 2024 Payment date: 31st July 2024 Dividend yield will be 2.6%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is not covered by earnings (101% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 37% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 12% to bring the payout ratio under control. EPS is expected to grow by 98% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Jul 24
Jiugui Liquor Co., Ltd. Implements Final Profit Distribution Plan of A Shares, Payable on 31 July 2024 Jiugui Liquor Co., Ltd. announced 2023 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 10.00000000. Record date: 30 July 2024, Ex-date: 31 July 2024, Payment date: 31 July 2024. Price Target Changed • Jul 12
Price target decreased by 7.9% to CN¥53.77 Down from CN¥58.36, the current price target is an average from 4 analysts. New target price is 27% above last closing price of CN¥42.43. Stock is down 54% over the past year. The company is forecast to post earnings per share of CN¥1.54 for next year compared to CN¥1.69 last year. Announcement • Jun 29
Jiugui Liquor Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Jiugui Liquor Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Board Change • Jun 14
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Shihui Li was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 08
Jiugui Liquor Co., Ltd., Annual General Meeting, Jun 28, 2024 Jiugui Liquor Co., Ltd., Annual General Meeting, Jun 28, 2024, at 15:00 China Standard Time. Location: 1F, Kailai Hotel, Fuzuo Road, Qianzhou New Area, Jishou, Hunan China Major Estimate Revision • May 05
Consensus EPS estimates fall by 23% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥3.18b to CN¥2.95b. EPS estimate also fell from CN¥2.29 per share to CN¥1.76 per share. Net income forecast to grow 99% next year vs 19% growth forecast for Beverage industry in China. Consensus price target down from CN¥73.42 to CN¥66.38. Share price was steady at CN¥51.09 over the past week. New Risk • May 03
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 14% Last year net profit margin: 25% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 101% Paying a dividend despite having no free cash flows. High level of non-cash earnings (57% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (14% net profit margin). Price Target Changed • May 02
Price target decreased by 9.6% to CN¥66.38 Down from CN¥73.42, the current price target is an average from 7 analysts. New target price is 30% above last closing price of CN¥51.09. Stock is down 52% over the past year. The company is forecast to post earnings per share of CN¥1.76 for next year compared to CN¥1.69 last year. Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: CN¥1.69 (vs CN¥3.23 in FY 2022) Full year 2023 results: EPS: CN¥1.69 (down from CN¥3.23 in FY 2022). Revenue: CN¥2.83b (down 30% from FY 2022). Net income: CN¥547.8m (down 48% from FY 2022). Profit margin: 19% (down from 26% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Beverage industry in China. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 36% per year, which means it is performing significantly worse than earnings. Announcement • Mar 30
Jiugui Liquor Co., Ltd. to Report Q1, 2024 Results on Apr 29, 2024 Jiugui Liquor Co., Ltd. announced that they will report Q1, 2024 results on Apr 29, 2024 Announcement • Feb 24
Jiugui Liquor Co., Ltd. Elects Gao Feng as Non-Independent Director and Gao Feng as Non-Independent Director Jiugui Liquor Co., Ltd. at the Extraordinary General Meeting held on 22 February 2024 approved election of non-independent directors, cumulative voting system applicable: Gao Feng, non-independent director; Election of independent directors, cumulative voting system applicable: Li Shihui, independent director. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥57.50, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 20x in the Beverage industry in China. Total loss to shareholders of 68% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥97.81 per share. Announcement • Dec 30
Jiugui Liquor Co., Ltd. to Report Fiscal Year 2023 Results on Apr 29, 2024 Jiugui Liquor Co., Ltd. announced that they will report fiscal year 2023 results on Apr 29, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.17 (vs CN¥0.78 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.17 (down from CN¥0.78 in 3Q 2022). Revenue: CN¥601.1m (down 37% from 3Q 2022). Net income: CN¥56.8m (down 78% from 3Q 2022). Profit margin: 9.4% (down from 27% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Beverage industry in China. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Major Estimate Revision • Oct 31
Consensus revenue estimates fall by 18% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥3.66b to CN¥2.99b. EPS estimate fell from CN¥2.99 to CN¥2.08 per share. Net income forecast to grow 20% next year vs 22% growth forecast for Beverage industry in China. Consensus price target down from CN¥99.68 to CN¥92.43. Share price rose 2.7% to CN¥76.48 over the past week. Price Target Changed • Oct 30
Price target decreased by 10% to CN¥92.43 Down from CN¥103, the current price target is an average from 8 analysts. New target price is 21% above last closing price of CN¥76.49. Stock is down 25% over the past year. The company is forecast to post earnings per share of CN¥2.12 for next year compared to CN¥3.23 last year. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥72.36, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 24x in the Beverage industry in China. Total loss to shareholders of 26% over the past three years. Price Target Changed • Sep 06
Price target decreased by 9.2% to CN¥103 Down from CN¥114, the current price target is an average from 7 analysts. New target price is 7.2% above last closing price of CN¥96.28. Stock is down 30% over the past year. The company is forecast to post earnings per share of CN¥2.89 for next year compared to CN¥3.23 last year. Major Estimate Revision • Sep 06
Consensus revenue estimates fall by 17% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥4.43b to CN¥3.66b. EPS estimate fell from CN¥3.49 to CN¥3.01 per share. Net income forecast to grow 55% next year vs 24% growth forecast for Beverage industry in China. Consensus price target down from CN¥114 to CN¥106. Share price rose 4.7% to CN¥96.28 over the past week. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.38 (vs CN¥0.61 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.38 (down from CN¥0.61 in 2Q 2022). Revenue: CN¥576.8m (down 32% from 2Q 2022). Net income: CN¥121.8m (down 38% from 2Q 2022). Profit margin: 21% (down from 23% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Beverage industry in China. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Jun 07
Jiugui Liquor Co., Ltd., Annual General Meeting, Jun 28, 2023 Jiugui Liquor Co., Ltd., Annual General Meeting, Jun 28, 2023, at 15:00 China Standard Time. Agenda: To consider and approve 2022 work report of the board of directors; 2022 work report of the supervisory committee; 2022 annual report and its summary; 2022 annual accounts; 2022 profit distribution plan; Reappointment of 2023 audit firm; and to discuss other matters. Major Estimate Revision • May 16
Consensus revenue estimates decrease by 16%, EPS upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from CN¥5.18b to CN¥4.34b. EPS estimate increased from CN¥3.53 to CN¥3.58 per share. Net income forecast to grow 60% next year vs 24% growth forecast for Beverage industry in China. Consensus price target broadly unchanged at CN¥118. Share price fell 2.6% to CN¥105 over the past week. Price Target Changed • May 11
Price target decreased by 9.7% to CN¥120 Down from CN¥132, the current price target is an average from 5 analysts. New target price is 9.9% above last closing price of CN¥109. Stock is down 23% over the past year. The company is forecast to post earnings per share of CN¥3.32 for next year compared to CN¥3.23 last year. Announcement • May 06
Jiugui Liquor Co., Ltd. Proposes Final Cash Dividend for the Year 2022 Jiugui Liquor Co., Ltd. proposed final cash dividend (tax included) of CNY 13.00000000 per 10 shares for the year 2022. Major Estimate Revision • May 05
Consensus EPS estimates fall by 29% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥5.46b to CN¥5.23b. EPS estimate also fell from CN¥4.67 per share to CN¥3.32 per share. Net income forecast to grow 55% next year vs 24% growth forecast for Beverage industry in China. Consensus price target down from CN¥132 to CN¥124. Share price fell 2.8% to CN¥109 over the past week. Reported Earnings • Apr 29
Full year 2022 earnings released: EPS: CN¥3.23 (vs CN¥2.75 in FY 2021) Full year 2022 results: EPS: CN¥3.23 (up from CN¥2.75 in FY 2021). Revenue: CN¥4.05b (up 19% from FY 2021). Net income: CN¥1.05b (up 17% from FY 2021). Profit margin: 26% (in line with FY 2021). Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Beverage industry in China. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Xiaotao Zhang was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥125, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 23x in the Beverage industry in China. Total returns to shareholders of 240% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥112 per share. Price Target Changed • Nov 02
Price target decreased to CN¥139 Down from CN¥152, the current price target is an average from 6 analysts. New target price is 24% above last closing price of CN¥112. Stock is down 46% over the past year. The company is forecast to post earnings per share of CN¥3.51 for next year compared to CN¥2.75 last year. Reported Earnings • Oct 31
Third quarter 2022 earnings released: EPS: CN¥0.78 (vs CN¥0.65 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.78 (up from CN¥0.65 in 3Q 2021). Revenue: CN¥948.9m (up 2.5% from 3Q 2021). Net income: CN¥254.1m (up 21% from 3Q 2021). Profit margin: 27% (up from 23% in 3Q 2021). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Beverage industry in China. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Oct 28
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 30%. The fair value is estimated to be CN¥135, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 44% over the last 3 years. Earnings per share has grown by 53%. Revenue is forecast to grow by 58% in 2 years. Earnings is forecast to grow by 82% in the next 2 years. Price Target Changed • Oct 23
Price target decreased to CN¥152 Down from CN¥167, the current price target is an average from 6 analysts. New target price is 28% above last closing price of CN¥119. Stock is down 49% over the past year. The company is forecast to post earnings per share of CN¥3.96 for next year compared to CN¥2.75 last year. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: CN¥0.61 (vs CN¥0.75 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.61 (down from CN¥0.75 in 2Q 2021). Revenue: CN¥848.5m (up 5.3% from 2Q 2021). Net income: CN¥197.0m (down 19% from 2Q 2021). Profit margin: 23% (down from 30% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 29%, compared to a 20% growth forecast for the Beverage industry in China. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 22
Jiugui Liquor Co., Ltd. Announces 2021 Final Distribution Plan of Cash Dividend Per 10 A Shares; Payable on 29 July 2022 Jiugui Liquor Co., Ltd. announced 2021 final distribution plan of Cash dividend per 10 A shares (tax included) of CNY 13.00000000. Record date: 28 July 2022; Ex-date: 29 July 2022 and Payment date: 29 July 2022. Announcement • Jun 29
Jiugui Liquor Co., Ltd. Approves Cash Dividend for the Year 2021 Jiugui Liquor Co., Ltd. held its Annual General Meeting of 2021 on June 27, 2022, approved Cash dividend (tax included) of CNY 13.00000000 per 10 shares for the year 2021. Announcement • Jun 09
Jiugui Liquor Co., Ltd., Annual General Meeting, Jun 27, 2022 Jiugui Liquor Co., Ltd., Annual General Meeting, Jun 27, 2022, at 15:00 China Standard Time. Agenda: To approve 2021 work report of the board of directors; 2021 work report of the supervisory committee; 2021 annual report and its summary; 2021 annual accounts; 2021 profit distribution plan; Reappointment of 2022 audit firm; Change of the Company's business scope and amendments to the Company's articles of association; and Amendments to the Company's rules of procedure governing the board meetings. Announcement • May 02
Jiugui Liquor Co., Ltd. Announces Final Cash Dividend Proposal for 2021 Jiugui Liquor Co., Ltd. announced on 29 April 2022 the final cash dividend proposal for 2021. Cash dividend/10 shares (tax included): CNY 13.0000000. Price Target Changed • May 01
Price target decreased to CN¥185 Down from CN¥205, the current price target is an average from 9 analysts. New target price is 23% above last closing price of CN¥150. Stock is down 25% over the past year. The company is forecast to post earnings per share of CN¥3.99 for next year compared to CN¥2.75 last year. Reported Earnings • Apr 30
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥1.60 (up from CN¥0.82 in 1Q 2021). Revenue: CN¥1.69b (up 86% from 1Q 2021). Net income: CN¥520.9m (up 95% from 1Q 2021). Profit margin: 31% (up from 30% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 3.4%. Over the next year, revenue is forecast to grow 19%, compared to a 19% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has increased by 83% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 7 new directors. 3 experienced directors. 2 highly experienced directors. 4 independent directors (5 non-independent directors). Non-Independent Director Ying Nan Zheng is the most experienced director on the board, commencing their role in 2011. Independent Director Xiaotao Zhang was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Price Target Changed • Jan 22
Price target decreased to CN¥231 Down from CN¥250, the current price target is an average from 9 analysts. New target price is 25% above last closing price of CN¥185. Stock is up 3.1% over the past year. The company is forecast to post earnings per share of CN¥2.89 for next year compared to CN¥1.51 last year. Price Target Changed • Jan 22
Price target decreased to CN¥231 Down from CN¥250, the current price target is an average from 9 analysts. New target price is 25% above last closing price of CN¥185. Stock is up 3.1% over the past year. The company is forecast to post earnings per share of CN¥2.89 for next year compared to CN¥1.51 last year. Reported Earnings • Oct 23
Third quarter 2021 earnings released: EPS CN¥0.65 (vs CN¥0.45 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥926.0m (up 129% from 3Q 2020). Net income: CN¥209.8m (up 43% from 3Q 2020). Profit margin: 23% (down from 36% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has increased by 143% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.75 (vs CN¥0.27 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥806.2m (up 97% from 2Q 2020). Net income: CN¥242.4m (up 174% from 2Q 2020). Profit margin: 30% (up from 22% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has increased by 122% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Jul 14
Consensus EPS estimates increase to CN¥2.74 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from CN¥2.78b to CN¥2.98b. EPS estimate increased from CN¥2.42 to CN¥2.74 per share. Net income forecast to grow 48% next year vs 19% growth forecast for Beverage industry in China. Consensus price target of CN¥300 unchanged from last update. Share price fell 7.6% to CN¥242 over the past week. Announcement • Apr 29
Jiugui Liquor Co., Ltd. Proposes Final Cash Dividend for 2020 Jiugui Liquor Co., Ltd. proposed final cash dividend of CNY 7.000 per ten shares (tax included) for 2020. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS CN¥0.82 (vs CN¥0.30 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥907.6m (up 190% from 1Q 2020). Net income: CN¥267.9m (up 179% from 1Q 2020). Profit margin: 30% (down from 31% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 103% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 04
Full year 2020 earnings released: EPS CN¥1.51 (vs CN¥0.92 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.83b (up 21% from FY 2019). Net income: CN¥491.6m (up 64% from FY 2019). Profit margin: 27% (up from 20% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 93% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Jan 07
New 90-day high: CN¥196 The company is up 126% from its price of CN¥86.68 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Beverage industry, which is up 44% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥123 per share. Is New 90 Day High Low • Dec 22
New 90-day high: CN¥130 The company is up 55% from its price of CN¥84.15 on 23 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Beverage industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥123 per share. Is New 90 Day High Low • Dec 04
New 90-day high: CN¥115 The company is up 33% from its price of CN¥86.50 on 04 September 2020. The Chinese market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Beverage industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥104 per share. Is New 90 Day High Low • Nov 16
New 90-day high: CN¥114 The company is up 51% from its price of CN¥75.56 on 18 August 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Beverage industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥104 per share. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥446.3m, up 81% from the prior year. Total revenue was CN¥1.67b over the last 12 months, up 20% from the prior year. Is New 90 Day High Low • Oct 28
New 90-day high: CN¥104 The company is up 50% from its price of CN¥69.20 on 30 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Beverage industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥37.43 per share. Is New 90 Day High Low • Oct 12
New 90-day high: CN¥95.35 The company is up 20% from its price of CN¥79.21 on 14 July 2020. The Chinese market is down 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Beverage industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥37.43 per share. Announcement • Sep 18
Jiugui Liquor Co., Ltd. Announces Executive Appointments Jiugui Liquor Co., Ltd. elected Zheng Yi, Cheng Jun and Du Jiajun as non-independent directors; Zhang Xiaotao and Fu Zhengping as independent directors; and Yan Xuebo and Shi Qing as shareholder supervisors at the first Extraordinary General Meeting of 2020 held on September 16, 2020. Announcement • Aug 10
Jiugui Liquor Co., Ltd. to Report First Half, 2020 Results on Aug 27, 2020 Jiugui Liquor Co., Ltd. announced that they will report first half, 2020 results on Aug 27, 2020