Jiugui’s revenue in the first quarter is expected to grow 190% year on year



Beijing business daily (reporter Zhao Fengrui) on the evening of April 1, Jiugui Liquor Co., Ltd. (hereinafter referred to as “Jiugui Liquor”) released the 2020 annual performance express and the first quarter performance forecast of 2021, saying that the company will achieve a revenue of 1.826 billion yuan in 2020, a year-on-year increase of 20.79%. Net profit was 492 million yuan, up 64.15% year on year. Through the data, it is not difficult to find that the net profit of Jiugui Liquor will achieve double growth in 2020.

Jiugui Liquor said in the announcement that the substantial increase in the company’s net profit was mainly due to the increase in sales revenue of high-end products and the compensation of 71.9412 million yuan received through litigation, resulting in an increase of 53.4198 million yuan in the net non recurring profit and loss after tax.

It is worth noting that in the first quarter of 2021, the operating performance of Jiugui Liquor is expected to rise year on year. Specifically, the net profit of Jiugui Liquor in the first quarter of this year is expected to be 250 million yuan to 270 million yuan, an increase of 160.22% – 181.04% over the same period last year. JiuGuiJiu said that the increase in performance during the reporting period was mainly due to the growth of sales revenue, which is expected to increase by about 190% over the same period last year.

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