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拉菲2024年期酒价格下降27.3% 业内称国内葡萄酒要进行口感革命
news flash· 2025-07-31 08:31
Core Viewpoint - The wine industry is experiencing a significant downturn, with major wine producers reporting a continued decline in performance due to economic fluctuations and changing consumer preferences [1] Industry Summary - Several wine companies have released half-year performance forecasts indicating ongoing industry-wide decline [1] - The industry has been in a prolonged downturn for several years, prompting a search for new avenues such as "popularization," personalization, and lower alcohol content [1] - The market weakness has also affected renowned wine regions like Bordeaux [1] Price Changes - In April and May, leading Bordeaux wineries announced 2024 vintage prices that generally decreased by over 20% compared to the previous year [1] - Specifically, the price of Château Lafite Rothschild (Lafite) for the 2024 vintage has dropped by 27.3% year-on-year [1] Consumer Preferences - Industry experts suggest that the lack of wine consumption among Chinese consumers is linked to the unsuitability of current wine products to local taste preferences [1] - There is a call within the industry for a "taste revolution" in domestic wine products to better align with consumer expectations [1]
张 裕A(000869) - 000869张 裕A投资者关系管理信息20250526
2025-05-26 08:00
External Factors - The consumption situation has sharply declined, with consumers tightening their spending, leading to a critical point where wine consumption drastically dropped in the second half of last year [1][2] - The consumption scenarios have also shrunk significantly, with both social and personal consumption needs not being met, resulting in a long-term decline in wine consumption [2] - The driving force from distribution channels has weakened, as most distributors also handle white wine, which has been under pressure, leading to a marginalization of wine sales [2] Internal Factors - Product innovation has been insufficient, with many new products not achieving the desired consumer satisfaction, limiting their contribution to sales [2][3] - Channel innovation has been lacking, with attempts to find new distributors yielding weak results [2] - Marketing efforts have been limited due to budget constraints, resulting in a vicious cycle of reduced visibility and sales [2][3] Market Analysis - In the past year, the total revenue of 10 listed wine companies was only 4.5 billion yuan, with a net profit of 180 million yuan, showing a slight improvement but still reflecting significant losses over the past decade [4] - The wine industry is facing a severe downturn, with 772 wine companies having closed, indicating a critical state of decline [4][5] - The online and offline competition is intensifying, with major platforms engaging in price wars, negatively impacting profit margins for distributors [5] Future Outlook - The company aims to achieve a revenue target of no less than 3.4 billion yuan this year, reflecting a modest increase from last year's 3.277 billion yuan [6] - The gross profit margin from domestic operations is expected to remain around 61%, with challenges in increasing product prices due to consumer spending trends [6] - The company is focusing on localized market breakthroughs and enhancing marketing capabilities to better connect with consumers [6][7] Strategic Initiatives - The company plans to enhance its digital marketing efforts, leveraging consumer data to improve targeting and engagement [7][8] - New product categories are being explored, including low-alcohol and herbal wines, to meet emerging consumer demands [12][14] - Collaborations with new retail formats are being pursued to adapt to changing market dynamics and improve supply chain efficiency [14][15]