Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

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News from Caixin

Cross Asset Strategy

<ul><li>Cover Story: China’s share markets back on the fundraising menu for ailing developers (Part 2)</li><li>China steps up timetable for senior vaccinations as Covid cases surge</li><li>China’s President Xi Jinping meets with Mongolian President</li></ul>

Cover Story: China’s share markets back on the fundraising menu for ailing developers (Part 2)China steps up timetable for senior vaccinations as Covid cases surgeChina’s President Xi Jinping meets with Mongolian President

CX Daily: China’s Share Markets Back on the Fundraising Menu for Ailing Developers (Part 2)

Thematic (Sector/Industry)

<ul>
<li>While continual Covid-19 outbreaks continue to make their mark on earnings season, one commodity is still raking in cash: top-shelf baijiu.</li>
<li>Shrugging off years of official probes into the notoriously graft-plagued industry, luxury brands like Moutai and Wuliangye made a head-spinning amount of money in the first six months of 2022.</li>
<li>In the first half of 2022, Kweichow Moutai Co. Ltd. and Wuliangye Yibin Co. Ltd. retained their long-standing No. 1 and No. 2 positions in the market.</li>
</ul>


While continual Covid-19 outbreaks continue to make their mark on earnings season, one commodity is still raking in cash: top-shelf baijiu.
Shrugging off years of official probes into the notoriously graft-plagued industry, luxury brands like Moutai and Wuliangye made a head-spinning amount of money in the first six months of 2022.
In the first half of 2022, Kweichow Moutai Co. Ltd. and Wuliangye Yibin Co. Ltd. retained their long-standing No. 1 and No. 2 positions in the market.


China’s Big Brand Baijiu-Makers Have a Toast-Worthy First Half

<ul><li>Four things to know about China’s Henan rural bank scandal</li><li>Indonesia to leverage nickel reserves for green transition, says commerce chief</li><li>Shanghai records new wave of Covid cases as BA.5 subvariant spreads</li></ul>

Four things to know about China’s Henan rural bank scandalIndonesia to leverage nickel reserves for green transition, says commerce chiefShanghai records new wave of Covid cases as BA.5 subvariant spreads

CX Daily: Four Things to Know About China’s Henan Rural Bank Scandal

External reports (aggregated public sources), Value Investors Club

Value Investors Club (VIC)

External reports (aggregated public sources)

Value Investors Club

Equity Bottom-Up

Key points (machine generated)<ul><li>Moutai is a premium baijiu essential for social gatherings in China, symbolizing respect and status.</li><li>Despite strong financial performance, Moutai's stock price has stagnated due to oversupply and pricing volatility.</li><li>The long-term outlook for Moutai remains optimistic, with potential for recovery as market conditions stabilize.</li></ul>This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Key points (machine generated)Moutai is a premium baijiu essential for social gatherings in China, symbolizing respect and status.Despite strong financial performance, Moutai's stock price has stagnated due to oversupply and pricing volatility.The long-term outlook for Moutai remains optimistic, with potential for recovery as market conditions stabilize.This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

External broker reports(aggregated public sources), CMB International

CMB International

External broker reports(aggregated public sources)

Incorporated in Hong Kong, supported by the mainland and targeting in global market, CMB International Capital Corporation Limited (“CMBI”) is an integrated financial institution providing comprehensive and professional services. As a wholly-owned subsidiary of China Merchants Bank ("CMB"), by leveraging on the Group’s synergy and coordination in domestic and overseas markets, as well as CMB’s strong resources and outstanding social reputation, CMBI and its subsidiaries have been actively implementing diversified business strategies and set up an overall layout of main business segments including Corporate Finance, Asset Management, Wealth Management, Global Markets and Structured Finance, etc. Adhering to the philosophy of “being clients oriented and increasing our own values by the way of creating value for clients”, CMBI endeavors to provide quality and integrated financial services to institutional, corporate and individual customers both domestic and overseas including Hong Kong IPO sponsorship and underwriting, share placement and rights issue for listed companies, financial advisors, bonds issuance services, asset management, direct investment, wealth management, equity sales and trading, etc.

<ul><li>3Q net profit grew 16.0% YoY to RMB16.9bn. The growth momentum sequentially decelerated from 20.8% in 1H, as revenue of the quarter slowed in tandem to 13.1% from 19.4% in 1H.</li><li>The 17% 9M revenue growth still largely tracks to consensus estimates; however, an unchanged 15% full year revenue growth guidance could imply 4Q revenue growth to dip further to HSD%, the lowest we note since 3Q20.</li><li>In fact, the trend looks to go hand-in-hand with distributors’ reluctance to restock after the Golden Week Holiday, when consumers have been increasingly trading down, and when sentiment to consume has been languishing. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

3Q net profit grew 16.0% YoY to RMB16.9bn. The growth momentum sequentially decelerated from 20.8% in 1H, as revenue of the quarter slowed in tandem to 13.1% from 19.4% in 1H.The 17% 9M revenue growth still largely tracks to consensus estimates; however, an unchanged 15% full year revenue growth guidance could imply 4Q revenue growth to dip further to HSD%, the lowest we note since 3Q20.In fact, the trend looks to go hand-in-hand with distributors’ reluctance to restock after the Golden Week Holiday, when consumers have been increasingly trading down, and when sentiment to consume has been languishing. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Kweichow Moutai (600519 CH) – 3Q Rev/Np +13%/16%; Mixed Near-Term Outlook

China

Kweichow Moutai Co., Ltd. manufactures spirits.  The Company's spirit products are distilled from sorghum and wheat.  Kweichow Moutai markets its products worldwide.

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Kweichow Moutai (600519 CH)

China’s Big Brand Baijiu-Makers Have a Toast-Worthy First Half

While continual Covid-19 outbreaks continue to make their mark on earnings season, one commodity is still raking in cash: top-shelf baijiu.

Caixin Global

CX Daily: Four Things to Know About China’s Henan Rural Bank Scandal

Four things to know about China’s Henan rural bank scandal. Indonesia to leverage nickel reserves for green transition, says commerce chief

Caixin Global

Moutai (600519) - Monday, Jun 16, 2025

Moutai is a premium baijiu essential for social gatherings in China, symbolizing respect and status. Despite strong financial performance, Moutai's...

Value Investors Club (VIC)