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MarketScreener Homepage  >  Equities  >  Shanghai Stock Exchange  >  Kweichow Moutai Co.,Ltd.    600519   CNE0000018R8

KWEICHOW MOUTAI CO.,LTD.

(600519)
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Kweichow Moutai : Says Revenue-Growth Target Is Unchanged for 2020

11/22/2020 | 10:01pm EST

By Martin Mou

Kweichow Moutai Co. said Monday that it hasn't altered its target to raise annual operating income for 2020 by around 10%.

The maker of premium Chinese liquor made the statement in response to a recent local media report that said the company's fourth-quarter results would rise considerably due to a jump in sales via direct channels.

However, Moutai said there won't be a "notable change" in the proportion of direct sales to its total sales for the fourth quarter compared with the first three quarters of the year.

Sales via direct channels are believed to be more profitable for Moutai than wholesome sales via dealers and e-commerce platforms, as the company gets to retain a bigger part of its sales margin by reducing middleman costs.

Write to Martin Mou at martin.mou@wsj.com

(END) Dow Jones Newswires

11-22-20 2200ET

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Financials
Sales 2020 97 132 M 15 000 M 15 000 M
Net income 2020 45 906 M 7 089 M 7 089 M
Net cash 2020 145 B 22 455 M 22 455 M
P/E ratio 2020 56,9x
Yield 2020 0,92%
Capitalization 2 613 B 403 B 403 B
EV / Sales 2020 25,4x
EV / Sales 2021 21,3x
Nbr of Employees 27 005
Free-Float 35,9%
Chart KWEICHOW MOUTAI CO.,LTD.
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Kweichow Moutai Co.,Ltd. Technical Analysis Chart | MarketScreener
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Technical analysis trends KWEICHOW MOUTAI CO.,LTD.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 32
Average target price 2 089,78 CNY
Last Close Price 2 079,95 CNY
Spread / Highest target 20,2%
Spread / Average Target 0,47%
Spread / Lowest Target -44,7%
EPS Revisions
Managers and Directors
NameTitle
Jing Ren Li General Manager & Director
Wei Dong Gao Chairman
Ya Lin You Chairman-Supervisory Board
Gang Liu CFO, Board Secretary, Chief Accountant & Deputy GM
Guo Xiang Qiu Member-Supervisory Board