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What is the price of Maotai 2018 in the first half of 2018

4hw.com.cn: the price of Guizhou Moutai, known as "the first brother of liquor", has attracted people's attention all the time. How much profit will be made in the first half of 2018? What's the price of Moutai in 2018? Let's have a look.

On August 1, Maotai, Guizhou Province (695.840, - 19.10, - 2.67%) of "Baijiu Yige" was reported for half a year. Although the company's main operating data in the first half of the year have been thoroughly revealed in advance, as the first high priced a share, the complete data of the 2018 semi annual report of Guizhou Maotai is still the focus of the market.

Double growth of net profit and revenue in the first half of the year

According to the 2018 semi annual report issued by Guizhou Moutai, during the reporting period, the company achieved a total operating revenue of RMB 33.397 billion, a year-on-year increase of 38.06%; the net profit attributable to the shareholders of the listed company was RMB 15.764 billion, a year-on-year increase of 40.12%. The amount of cash flow from operating activities was 17.735 billion yuan, an increase of 155.72% year on year; the basic earnings per share was 12.55 yuan / share, an increase of 40.12% year on year.

In terms of indicators, in the report period, Guizhou Maotai produced 39465.40 tons of Maotai liquor and series liquor base liquor, including 30422.48 tons of Maotai liquor base liquor and 9042.92 tons of series liquor base liquor.

In terms of products, in the first half of 2018, the operating revenue of Maotai liquor was 29.383 billion yuan, and that of series liquor was 3.993 billion yuan. Among them, the direct sales revenue of the company is 2.577 billion yuan, and the wholesale revenue is 30.799 billion yuan; from the perspective of market division, the domestic sales volume is 32.345 billion yuan, and the foreign sales volume is 1.031 billion yuan.

In terms of the number of dealers, there are 3215 dealers in Moutai, Guizhou, and 118 dealers abroad. During the reporting period, there were 236 more in China and 14 in foreign countries.

From the above main financial indicators of Guizhou Moutai, we can see that all indicators of Guizhou Moutai in the first half of the year performed well. The increase of sales revenue also corresponds to the shortage of Maotai liquor in the spot market.

As for the reasons for the company's revenue growth, Moutai said that the main reasons are the increase in sales volume and the price rise of the leading product Moutai liquor in this period.

It is worth mentioning that in the first half of this year, the amount of cash flow generated by operating activities in Moutai, Guizhou Province was 17.735 billion yuan, an increase of 155.72% year on year. According to Moutai, this was mainly due to the increase in the net increase in cash received from the sale of goods, customer deposits and inter-bank deposits and the decrease in the net increase in deposits with the central bank and inter-bank.

In the view of industry insiders, the company is not far from the goal of 100 billion yuan in the first half of the year.

In fact, as early as July, Li Baofang, chairman of the board, Secretary of the Party committee and general manager of Maotai Group, once said: "with the current situation, 90 billion yuan (revenue) will be realized in the whole year, and 100 billion yuan will be won next year. There is no big suspense, and the foundation and conditions in all aspects are very good. In 2020, we will usher in the post-100 billion era of Maotai. '

The market price of Maotai is up to 2000 yuan

As we all know, the second quarter is generally the off-season of liquor sales. However, the price of Feitian Moutai, the main product of Guizhou Moutai, is soaring.

The reporter of securities daily visited the market and found that in some supermarkets and retail stores, the price of 53 degree Feitian Moutai has been marked as 1800 yuan / bottle - 2000 yuan / bottle.

Another official account of a liquor company named Moutai liquor has published an article describing the 53 degree flying Moutai liquor market at a price of 1780 yuan -1820 yuan / bottle, and the highest market price has exceeded 2000 yuan.

In fact, the price level has a direct relationship with the supply and demand of products. According to the reporter, in the spot market, 53 degree Feitian Moutai liquor has always been a best-selling product, and the supply exceeds the demand. Since last year, Moutai liquor has maintained a bottle of hard to find rhythm.

In the capital market, the share price of Guizhou Moutai exceeded 800 yuan / share in the year, and the market exceeded trillion yuan. Yesterday, the company's share price closed at 714.94 yuan / share, down 1.58% on the same day.

However, for the future trend of Guizhou Moutai, analysts from domestic and foreign securities companies have given the ratings of buying, increasing holding and strong recommendation. According to the statistics of Securities Daily, there were 56 securities companies' research reports released during the year. Analysts raised the target price of Maotai from more than 700 yuan / share at the beginning of the year, and some analysts gave it a target price of 901 yuan.