Shede Liquor Industry

Shede Wine Co., Ltd. today released its first quarter report for 2024. The first quarter report showed that the company\’s receivables were 2.105 billion yuan, a year-on-year increase of 4.13%, and the net profit attributable to the parent company was 550 million yuan, a year-on-year decrease of 3.35%, showing a situation of increasing revenue without increasing profits. It is worth noting that during the reporting period, Shehe Liquor Industry also received a government subsidy of 642,400 yuan. The company\’s accounts receivable increased by 49.99% month-on-month. Contract liabilities fell, with a decline of 15.11%. This seems to indicate that dealers have poor expectations for the sales of Shede Liquor products. ​

In terms of revenue sources, in the first quarter, revenue contributed by the province was 542 million yuan, a year-on-year increase of 12.22%, and revenue contributed by outside the province was 1.421 billion yuan, a year-on-year decrease of 0.12%. During the reporting period, the company\’s alcoholic products had 167 new distributors and 27 distributors exited. At the end of the reporting period, there were 2,795 distributors, an increase of 140 from the end of 2023.

[Shede Wine Industry: Net profit in the first quarter of 2024 decreased by 3.35% year-on-year] Shede Wine Industry announced that revenue in the first quarter of 2024 was 2.105 billion yuan, a year-on-year increase of 4.13%. Net profit was 550 million yuan, a year-on-year decrease of 3.35%.

[Shede Winery: Net profit in the first quarter of 2024 decreased by 3.35% year-on-year] Shede Winery announced that revenue in the first quarter of 2024 was 2.105 billion yuan, a year-on-year increase of 4.13%. Net profit was 550 million yuan, a year-on-year decrease of 3.35%.