Music Industry Profits 2009
Luzhou the performance of the rate of profit growth last year of 1.7 billion decline for three consecutive years
Today (April 16), Luzhou (000 568, closing price of 32.15 yuan) Annual Report, published in 2009. Last year the company achieved operating income of 4.37 billion yuan, 15.06 percent compared to 2008, attributable to shareholders of listed companies net profit of 1,673 million yuan, 32.18%, 1.20 yuan per share, return on equity 38.78%. The company also introduced every existing 10 shares 7.5 yuan (including tax) profit-sharing plans.
marked slowdown Business growth should be noted that although the 2009 annual report, Luzhou, if performance or profit-sharing program is still considered very bright, but comparison with previous years, are "Economic Daily News" the reporter that the growth performance of the company has significant slowdown growth in net profit from the peak of 2006, 2007 and 2009 declined for three consecutive years.
Since 2006, Luzhou the country into a key hole Marketing Break 1573, and have achieved great success. Year net profit of 323 million yuan, representing an increase of 4.7 times in 2005. 2007 and 2008, the Company has continued to maintain the growth rate, net profit grew by 140% and 64%. But in 2009, the company's net profit growth rate of only 32%. This may mean that the growth of the company has entered a period of relative stability.
Luzhou High Wine is still the main source revenues and profits. In 2009 the company achieved degree Wine Sale Rent 2.639 billion yuan, compared to 6.03% growth in 2008, the proportion of income business reached 60.39%, operating profit margin of 82.44 percent, to 0.71%. But in the end Say Dangjiu liquor sales growth last year, Company sales grew by 66.26% Dangjiu Di, to 1996 billion yuan, operating profit margin also increased from 9.67 to 43.08%.
In addition, last year the share market rebounded strongly, Luzhou shares 34.85% of the results of western China Securities good, make a profit net of 1027 million yuan, the company acquired, according to the proportion of 358 million equity investment income, net profit of just accounting more than 20%.
Plan to grow by 2 times the volume of 2013
It can be seen in the annual report of the situation faced by the business, management Luzhou maintain a more cautious approach, saying that "The Spirit barriers to entry low, the large number of trading companies and foreign industry and capital foreigner in China is also trying to squeeze Spirit market share, competition will be fierce, the scale of China's liquor industry, development the national trend of more and more evident. In the coming years, companies in second line of high quality wines will be integrated into the mainstream, can be expected in 2010 the liquor industry of 'shuffle' the situation of intense competition occur. "The Company" and the leaders sector in the management of the force, the competitiveness of the brand, so there are still some gaps, will face a "model before, after chasing situation. "
Although attitudes very carefully, but in the development of management plans, management can still be described Luzhou as full of passion, plans to achieve sales revenue in 2010 5800000000 (taxes included), or 33% more than last year and the company plans 2013, sales revenue will reach 13 million yuan (including tax). If the company in 2013 to carry out this project, which means that when the company will expand This year, the sales volume of 2 times!
Strategically, companies that achieve the sales target for the year 1573 sales in the country faces rapid growth, the full update Luzhou special song sales and selling prices, and special music will start the year mark Luzhou Luzhou wine to make public by promoting strong coverage, and ultimately, Luzhou special song as a whole increased sales and increased height of the mark gradually. About the Author
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