WLY(SZ:000858) 3 6 Ke·2024-02-02 11:35Group 1: Price Increase in Liquor Industry - Wuliangye has raised the factory price of its flagship product, the 8th generation Wuliangye, from 969 yuan to 1019 yuan per bottle, marking a 5% increase [1] - This price increase follows Kweichow Moutai's earlier price hike of 20%, raising the price of its flagship product from 969 yuan to 1169 yuan per bottle [1] - Despite the price increase, the liquor market is facing challenges with slow sales and high inventory levels, as the total inventory of 20 A-share listed companies reached 1363.54 billion yuan in the first three quarters of 2023, up from 985.46 billion yuan in the same period of 2020 [1] Group 2: Hair Care Business Acquisition - Henkel has acquired the Sassoon brand and its hair care business in Greater China from Procter & Gamble, filling a gap in Henkel's high-end retail market presence [1][2] - The acquisition follows Henkel's previous purchase of Shiseido Professional's key brands, indicating a strategic focus on expanding its hair care portfolio [1][2] - Sassoon's performance has been declining, with a 2.2% online market share in the first half of 2023, significantly lower than Procter & Gamble's Pantene brand [2] Group 3: Adidas Financial Performance - Adidas reported a 2% year-on-year increase in currency-neutral revenue for 2023, excluding the impact of the Yeezy brand [3] - The company's total sales for 2023 amounted to 21.427 billion euros, a 5% decline compared to the previous year, but operating profit reached 268 million euros, exceeding earlier loss forecasts [4] - The CEO has shifted from considering the destruction of Yeezy inventory to exploring the possibility of selling the remaining stock in 2024 [4] Group 4: Disney's Asset Sale in India - Disney is selling 60% of its Indian operations to Reliance and Bodhi Tree, valuing the business at only 3.5 billion dollars, significantly lower than the 15-16 billion dollars estimated during its acquisition in 2019 [5] - The sale reflects Disney's struggles in the Indian market, where it has faced user attrition amid increasing competition in streaming services [5] Group 5: iMoutai User Growth - iMoutai has achieved a record high of over 19.49 million monthly active users, driven by the launch of popular products [6] - The platform has become increasingly important in Moutai's direct sales, accounting for one-third of total sales in the first nine months of 2023, exceeding 20 billion yuan [6] Group 6: Amorepacific's Profit Decline - Amorepacific reported a total sales figure of 36.74 trillion won for 2023, a decline of 11.1%, with operating profit down by 49.5% [7] - Sales in the Chinese market fell by approximately 20%, highlighting ongoing challenges for Korean beauty brands in China [7]