titlesubtitle

decentralizedcryptocasino| Why was net profit growth lower than revenue growth in the first quarter? Kweichow Moutai Wang Li responded

editor|
57

Guizhou Moutai today participated in the 2024 Collective reception Day for investors of listed companies in Guizhou and the 2023 performance presentation meeting.

Some investors asked thatDecentralizedcryptocasinoThe price of the company's products increased at the end of last year, and the growth rate of net profit in the first quarter was only 15%Decentralizedcryptocasino.73 and lower than the revenue growth rate, will the semi-annual net profit growth rate increase significantly?

decentralizedcryptocasino| Why was net profit growth lower than revenue growth in the first quarter? Kweichow Moutai Wang Li responded

In this regard, Wang Li, acting general manager of Guizhou Moutai, said that the growth rate of net profit is lower than the growth rate of revenue, first, due to the re-examination of the minimum consumption tax base price of some products, increased tax base, tax and additional growth; second, the increase in sales costs resulting from increased marketing efforts. The board of directors and the production and management team will scrupulously perform their duties and diligently to ensure that the target plan is completed on schedule.

On the evening of October 31 last year, Guizhou Moutai announced that the study decided to raise the ex-factory price of 53%vol Guizhou Moutai (Feitian, Wuxing) from November 1, 2023, with an average increase of about 20%. This adjustment does not involve the market guidance price of the company's products.

According to the first quarterly report of Guizhou Moutai, the company's total operating income was 46.485 billion yuan, an increase of 18.04% over the same period last year, and its net profit was 24.065 billion yuan, 15.73% over the same period last year.