Sou Hu Cai Jing·2025-05-15 02:12Core Insights - The total revenue of 20 A-share listed liquor companies reached 465.8 billion yuan in 2024, an increase of 33.4 billion yuan compared to 2023, while the net profit attributable to shareholders was 172.15 billion yuan, up by 12.41 billion yuan from the previous year [1] - Kweichow Moutai led the industry with a revenue of 174.14 billion yuan, followed by Wuliangye at 89.18 billion yuan, and Shanxi Fenjiu at 36.01 billion yuan [1] - Kweichow Moutai also dominated net profit with 86.23 billion yuan, contributing over 50% of the total net profit of listed liquor companies [1] Revenue and Profit Analysis - The total revenue of the 20 listed liquor companies increased by 7.7% year-on-year, while the net profit rose by 7.8% [1] - Kweichow Moutai's revenue accounted for 37.4% of the total, while Wuliangye contributed 19.1% [1] - The top three companies in terms of net profit were Kweichow Moutai, Wuliangye, and Luzhou Laojiao, with profits of 86.23 billion yuan, 31.85 billion yuan, and 13.47 billion yuan respectively [1] Management Compensation - The total management compensation for the 20 listed liquor companies in 2024 was 241 million yuan, slightly down from 246 million yuan in 2023 [1][2] - Gujing Gongjiu had the highest management compensation at 27.39 million yuan, followed by Jinhui Wine at 22.74 million yuan, and Jinshiyuan at 21.73 million yuan [2] - Only 14 out of the 20 companies disclosed the chairman's salary, with Jinhui Wine's chairman earning 2.91 million yuan, the highest among them [3] Chairman Salary Insights - The chairman salaries for major companies were as follows: Yanghe's chairman earned 1.58 million yuan, Luzhou Laojiao's chairman earned 1.37 million yuan, and Shanxi Fenjiu's chairman earned 1.05 million yuan [4] - Kweichow Moutai and Gujing Gongjiu did not disclose their chairman's salary for 2024 [4]