Dynasty wine field financial analysis

61.127 thousand as we have learned, " dynasty wine field" show always good from May of last year after appearing on the market successfully in Hong Kong, sell openly part Ji from 30 million increase to 150 million, the fund raised Ji exceed 100 million dollars, this for the dynasty company's development in the future reserveSufficient.

The profit 82.3 million Yuan of 60.928 thousand of halfRetailing cost to take total salesJust inland grape reductionIn second half of the year,

60.92106092 billionChannel and theIt will still be the

60.919 thousand recently,In 2006 in first half of the year, achievement,. Along with wine, the popular, market capacity in home market is increasing constantly , however, the increase of competitive enterprise makes enterprise product profit be always droping. Therefore even if the dynasty wine field turnover of first half of the year is from the rising of HK$ 512 million to HK$ 576 million, but, net profit has decreased 29.6%. Chen Nai Ming points out , first half of the year because of inland grape reduction of product, make grape juice price go up 10%, make company's gross profit lead to receive to press, butCompany's strict control, it is to

The wine management method of consumption tax promulgated this time ( try out )( country tax hair the No.66 of <2006 >, following abbreviation "method"), concentration has embodied two distinct changes. In first, its assigned boundary, sell wine , carry out " wine buies goods proof sheet " to manage between the individual or unit that is engaged in wine production. Proof sheet from buy goods side when buy its goods forward responsible application of tax authority collar uses , sales square proof clear sheet return tax to unite to it manager tax authority application has incorporated consumption tax to return tax. It is second , stipulates in order to import the taxpayer with wine of the wine of raw material of serial production, permission since in current should pay the tax of consumption tax compensate for to reduce " Customs import consumption tax uses privately to pay money book " the consumption tax marked. If current should incorporate consumption tax deficiency compensates for to reduce , remaining sum waits until issue to compensate for to reduce.

Sino-French jointly operate dynasty grape makes wine financial department Minister of limited company Huang tells reporter: " this time special policy adjustment according to wine consumption tax is that does good to absolutely for the enterprise of scale like us ". According to its introduction, in 2005, dynasty company's wine output is the tons more than 30 thousand, original wine so as since produce mainly, have few outside buy , along with the further enlargement of company's scale of production, the outside demand of buying wine will be also increased step by stepThis policy enact , for company.

For 5 years, profit takes

( finance) 60.518 thousand 2005, company sells 42.83 million bottles of wine , increases 16.1% than last year; Do you realize the 959.1 million Yuan of sales revenue , increase 15%? ? ? ; Realize profit 245.41 million Yuan , increase 5.5% , take the 30% of nation-wide wine profession total profit around.

( financial situation) 60.42 thousand " S " dynasty wine me( 828) TaoGrape juice cost goes up.

Points out , fair F ankle rate feelings r of gross profit, it

( financial situation) 60.42 thousand Hong Kong( XFN-ASIA) - dynasty wine I( 828.HK) announce 5 annual mes, have to do good to the HKD of 1.79 |, , last year 1.66 | increases L7.9%; 14.7 each profit immortals, send the 2 breath immortals of last stage. Issue I I the Yuan of 2 q3 | goes up from the HKD of 8.05 | to 9.47 | I to overflow, do good to.

( financial situation)Mid-term I it of last), the Yuan of I I L15% 5 q1 | increases , the profit Yuan of 1 q17 | increases L15 q5%, each profit immortal of 9 q8, issue Ru N sells bottle to wine 2490 f, increase L19 q7%. C joins A y of securities trader, 2005 and 2006 I I L15% and 22% of dynasty wine me Liang let q85 | and 12 | be first, according to year, increase , get profit may _2 | and the Yuan of 2 q4 |, according to year, increase L14% and 20%, A issue price/earning ratio minute e Liang Bo ammonia Ai protect numerous squat Si remote skirt Bei u Pi 35-40 time clear @ is cheap.

In 2004, dynasty wine realizes turnover 835 million Yuan , realizes profit and tax in year to exceed 340 million Yuan, net profit 175 million Yuan and turnover with net profit same score other increase 16% and 28%, it is 30 thousand

51.202 thousand ends to the share of June 2005, dynasty wine in the market sales volume have reached the 10 thousand bottleses more than 2600, compared with the same period, increase 24.7%; Sales revenue( without tax) the Yuans more than 560 million, compared with the same period, increase 18.6%; The Yuans of profit and tax more than 300 million increase 13.8% compared with the same period.Investment value from originally 1376

( financial situation) 51.126 thousand the achievement report of first half of the year of the dynasty of this year shows , in the first half of this year, the wine sales volume of dynasty is increased by the 20.8 million bottles of the same period of last year to 24.9 million bottles, increasing rate reaches 19.7%, the net profit of HK$ 117 million has also increased 15.5% than the same period of last year.

In 2004, realize the 833 million Yuan of sales revenue , increase of 15.4% compared with the same period last year. Profit and tax amount to 408 million Yuan, increase of 20.1% compared with the same period last year , increasing rate ranks the field first roll of colleague members.

( financial situation) 50.916 thousand dynasty wine field( 828) 5 years the turnover rising 15% of first half of the year is to HK$ 510 million , net profit goes up 15.5%, style mid-term breath 3.7 each Hong Kong's immortals. Because of additionally two dynasties, inland brand Zhang Yu and the Great Wall record the turnover liter of near forty percent , dynasty is more inferior on comparison.

Expect the goods quantity rising 19.7% sold in domestic market, and average total sale is more tiny from HK$ 21.4 to be declining to HK$ 20.8, the rate of gross profit is declining 3% is to 51.5% , major because of some grape supplies region loses receipt make the cost of raw material go up , but the expectation of management level has replied harvest in year , should not cause too big pressure for the rate of gross profit.

( financial situation) 50.914 thousand yesterday,In this year, the achievement of half a year till the end of June gets the 117 million of net profit( HKD, same below), the same period of last year 101 million last liters of 15.5%; Each profit HK$ 0.098; Mid-term breath is HK$ 0.037. In report issue, turnover goes up from the last annual 445 million of the same period to 512 million.The mid-term achievement report of dynasty wine field shows that in first half of the year, wine sales volume is increased by the 20.8 million bottles of the same period of last year to 24.9 million bottles, the 19.7% of increasing rate. Company points out that the product of first half of the year makes factory sale price in average with 2004 annual make the factory basic maintenance of sale price in average is steady. In issue, red wine takes total turnover proportion continuously for major income source , is from the liter of 94.2% of last year of the same period to 95.1%. And sales take the dynasty dry red wine of dynasty total turnover 49.6% to become the main dozen products with best selling group continuously.

Dynasty wine field financial inspector general Yang Zhi reaches expression, the capital expense estimate of second half of the year exceeds 100 million Yuan, using mainly to do to expand produce , hope that is in 2006 , produce per year can may increase by 35 thousand tons to 50 thousand tons, and 2008 ago, may increase to 70 thousand tons.

The rate of this firm of gross profit of first half of the year is declining 3.1 percentage points are to 51.5% , major get Shandong vineyard the influence that is hit by a natural calamity , make cost increase 5%, but in second half of the year, company has increased the store quantity of grape , believes that the rate of gross profit can maintain steady and present raw material to take overall cost about 38%.

He points out that this firm is discussing the grape base of the purchase district of North China, but now, stage can not reveal details further. The Tianjin day sun that company purchases in February of this year offers the supply of 20% of raw material for group, bring the net profits of 10 thousand Yuan more than 200 for company, company plans to launch red wine product lunar New Year of next year ago in Hong Kong.

Yang Zhi reaches to again show, in trip,

Conducted director Chen Nai Ming claims that group futurism breath policy will keep in 30% to the level of 50% , need to still develop in accordance with business however and financial situation is decided.

The Hong Kong of 50.913 thousand( XFN-ASIA) - trade T Q, dynasty wine me( 828.HK) Hou fall

Company has to do good to the HKD of 1.17 | till the end of June in half a year, , the rising 15.5% of 1.01 | of last year of the same period; 9.8 each profit immortals; 3.7 mid-term breath immortals.

Issue I I from the last annual

The dynasty wine field of 50.422 thousand( 828) announces that till the end of December 4, annual net profit is the RMB of 176 million Yuan( same below), the rising 41.4% of 3 years. In issue, turnover is 853 million Yuan, each profit 0.2 Yuan, do not send the breath of last stage

On January 26,2005, dynasty meets , is another and big to develop opportunity - - - process for years with great efforts, dynasty company appears on the market at last successfully in the mainboard market of Hong Kong. Since it recruits share to reflect , is good, it sells openly, have gotten the excess subscription of 624 times partially, sell openly part from 30 million increase to 150 million, raise funds volume has reached 675 million Yuan.