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Consumer Non-Durables

Kweichow Moutai Co., Ltd.

  • 955.00 CNY
  • -0.87
  • -0.09%
  • China
    Jul 19, 2019
  • Ticker
    SHG(600519)
  • Prev. close
    955.87
  • Market cap (CNY)
    1,200.76B
  • Market cap (USD)
    174,617.73M
  • Shares
    1,256.19M

Company Background

Kweichow Moutai is a Chinese state-owned producer of baijiu, a traditional and strong alcoholic spirit made from sorghum, wheat and barley. The company's Moutai baijiu is considered to be China's luxury liquor. The company is known as one of the industry giants, alongside Sichuan-based Wuliangye Group.

Founded in 1999, Kweichow Moutai is based in Renhuai, Guizhou Province. It is headed by chairman Yuan Renguo. The distiller is listed on the Shenzhen Stock Exchange. Baijiu, has an alcohol content of around 40% and is particularly popular in China's cold northeastern and inland areas. China's baijiu market stood at about 10 trillion yen ($80.3 billion) in 2013.

High-end baijiu, ranges from hundreds of dollars to thousands of dollars per bottle, and was often served at banquets and events for, or presented as gifts to, high-ranking government officials and clients. However, its overall consumption is declining because of the current voluntary ban on extravagant banquets in the wake of President Xi Jinping's anti-graft campaign.

Business Summary

Kweichow Moutai Co., Ltd. engages in the operation of wine industries. Its businesses include procurement of raw materials, production, and sale of products. Its Procurement of Raw Materials division involves in the production and sale plan for purchase of products. Its Production division provides storage, blending, and packaging services. Its Sales division distributes wine products. The company was founded on November 20, 1999 and is headquartered in Renhuai, China.

Financial Highlights

Dec 2018 CNYUSD
Revenue65,910.45M9,960.75M
Gross Profit58,825.51M8,890.04M
Operating income51,329.90M7,757.26M
Income before tax50,827.60M7,681.35M
Net income35,203.62M5,320.16M
EBITDA52,505.33M7,934.90M
Diluted EPS28.024.23
Dividends Per Share14.532.19
Total Assets159,846.67M23,281.92M
Total liabilities42,438.18M6,181.18M
Total equity112,838.56M16,435.11M
Operating cash flow41,385.23M6,254.36M
Currency in CNYCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 29,428.21M 29,997.68M 33,646.15M 52,658.54M 65,910.45M
Gross Profit 26,732.34M 27,041.80M 29,782.16M 46,160.63M 58,825.51M
Operating income 21,976.57M 22,087.85M 24,232.44M 38,884.28M 51,329.90M
Income before tax 21,882.34M 22,001.71M 23,957.88M 38,740.07M 50,827.60M
Net income 15,349.80M 15,503.09M 16,718.36M 27,079.36M 35,203.62M
EBITDA 22,733.37M 22,936.00M 25,166.64M 40,010.11M 52,505.33M
Diluted EPS 12.21 12.34 13.31 21.56 28.02
Dividends Per Share 3.97 6.17 6.78 10.99 14.53
Total Assets 65,873.16M 86,301.46M 112,934.53M 134,610.11M 159,846.67M
Total liabilities 10,543.84M 20,051.72M 37,020.42M 38,574.91M 42,438.18M
Total equity 53,430.40M 63,925.97M 72,894.13M 91,451.52M 112,838.56M
Operating cash flow 12,635.61M 17,440.20M 37,451.24M 22,153.03M 41,385.23M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 4,775.98M 4,772.81M 5,064.47M 7,791.77M 9,960.75M
Gross Profit 4,338.46M 4,302.51M 4,482.86M 6,830.29M 8,890.04M
Operating income 3,566.64M 3,514.30M 3,647.51M 5,753.62M 7,757.26M
Income before tax 3,551.34M 3,500.60M 3,606.18M 5,732.28M 7,681.35M
Net income 2,491.16M 2,466.63M 2,516.47M 4,006.87M 5,320.16M
EBITDA 3,689.46M 3,649.25M 3,788.12M 5,920.21M 7,934.90M
Diluted EPS 1.98 1.96 2.00 3.19 4.23
Dividends Per Share 0.64 0.98 1.02 1.62 2.19
Total Assets 10,617.85M 13,290.23M 16,250.74M 20,671.08M 23,281.92M
Total liabilities 1,699.52M 3,087.92M 5,327.06M 5,923.66M 6,181.18M
Total equity 8,612.25M 9,844.45M 10,489.11M 14,043.53M 16,435.11M
Operating cash flow 2,050.67M 2,774.84M 5,637.22M 3,277.93M 6,254.36M

Valuation Measures

Dec 2018
PER21.05
ROA23.91%
ROE34.46%
Operating margin77.87%
Profit margin53.41%

Key executives

  • Chairman & General Manager: Bao Fang Li
  • Chief Financial Officer & Deputy General Manager: Ying Zi He
  • Deputy General Manager: Gui Sheng Li
  • Deputy General Manager: Ming Quan Yuan
  • Deputy General Manager: Jia Qi Zhang

Shareholders

  • Guizhou State-Owned Assets Sup. & Admin. Commission (64.2%)
  • E Fund Management (Hong Kong) Co., Ltd. (0.9%)
  • China Investment Corp. (Investment Management) (0.8%)
  • E Fund Management Co., Ltd. (0.7%)
  • China Securities Finance Corp. Ltd. (0.6%)
  • Capital Research & Management Co. (World Investors) (0.4%)
  • China Asset Management Co., Ltd. (0.3%)
  • Guizhou Financial Holding Group Co. Ltd. (0.2%)
  • GIC Pte Ltd. (Investment Management) (0.2%)
  • UBS Asset Management (Hong Kong) Ltd. (0.2%)

Contact Details

Related Companies

  • China Kweichow Moutai Winery (Group) Co., Ltd.
  • Chateau Loudenne
  • Kweichow Moutai Factory Import & Export Corp.
  • Kweichow Moutai Factory Sales Corp.
  • Kweichow Moutai Sales Co., Ltd.
  • Production Facilities of Guizhou Renhuai Huaijiu Co Ltd

Competitors

  • China Tontine Wines Group Limited
Last Updated on 19 Jul, 2019

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