黄酒价值回归
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时隔九年头部再涨价 黄酒“冲高”胜算几何
Bei Jing Shang Bao· 2025-04-10 13:12
针对提价原因,古越龙山与会稽山都将此举视为呼唤黄酒产品的价值回归。会稽山方面表示,此次上调部分重点产品销售价格将对黄酒产品价值回归产生积 极影响,但本次提价对公司销售量的影响具有不确定性,对公司未来业绩产生的影响尚存在不确定性。此外,古越龙山方面表示,本次上调部分重点产品销 售价格,有助于提升黄酒品类的市场价值认同。 山东省个体私营企业协会酒业分会秘书长欧阳千里表示,目前黄酒价值与其历史文化不匹配,价值被严重低估。黄酒企业此时选择提价,在提升营收的同时 增加利润,也给众多品牌力较弱的黄酒留下更多空间。 追溯到上一次古越龙山与会稽山共同提价,还是在2016年。北京商报记者整理资料发现,会稽山于2016年5月、12月发布提价公告,针对旗下包括纯正五年 系列产品、部分普通坛酒以及东风系列壶装黄酒产品等多款产品进行提价,提价幅度为5%—15%。同年,古越龙山也相继进行了提价。据悉,古越龙山在 分别在2016年3月、5月发布提价公告,涉及产品包括部分普通坛酒、传统型500ml三年陈系列产品以及五年陈系列产品,涨价幅度为5%—14%。 酒类营销专家蔡学飞指出,黄酒本身品类溢价不高,而最近几年,材料、人工等运营成本不断走高 ...
古越龙山酒类毛利率普降再度提价 净利减48%连续四年经营目标爽约
Chang Jiang Shang Bao· 2025-04-03 00:34
Core Viewpoint - Gu Yue Long Shan, known as the "King of Huangjiu," has announced a price increase for some of its key products, with the highest increase reaching 12%, due to packaging and formula optimization adjustments. This marks the company's first price hike in nearly two years [1][10]. Company Performance - In 2024, Gu Yue Long Shan reported a revenue of 1.936 billion yuan, a year-on-year increase of 8.55%, while the net profit attributable to shareholders decreased by 48.17% to 206 million yuan [2][10]. - The company's gross profit margin for all liquor products declined in 2024, and it has struggled to meet operational targets for four consecutive years from 2021 to 2024 [2][12]. Price Increase Details - The price adjustments for Gu Yue Long Shan's products include increases of 2%-5% for the Cai Bao Hua Diao series, 4%-8% for the Qing Chun San Nian series, and up to 12% for some five-year aged products, effective from April 22, 2024 [5][10]. - This price increase follows a previous hike in November 2023, where the increase was between 2%-5% for certain products [1][6]. Industry Context - Gu Yue Long Shan is one of only three publicly listed Huangjiu companies in the A-share market, alongside Kuaijishan and Jin Feng Jiu Ye [4][5]. - The price hikes are part of a broader trend among leading Huangjiu companies, with Kuaijishan also announcing price increases shortly before Gu Yue Long Shan [3][5]. Challenges and Future Outlook - Despite the price increases, Gu Yue Long Shan's performance has not met expectations, with the company failing to achieve its sales and profit growth targets for several years [10][14]. - The company aims to enhance product appeal and expand its sales reach beyond its current focus on the Jiangsu, Zhejiang, and Shanghai regions, which is crucial for overcoming growth bottlenecks [12][14].