Golden Seed Wine: Raw materials are purchased, and product prices are guided by market demand

On November 9, some investors asked Golden Seed Wine whether the National Bureau of Statistics released whether there were a large number of acquisition plans for excess grain reserves.

Golden Seed Wine says that the news of excess grain reserves doesn't know where you come from, and not all grains are suitable for winemaking.

In addition, some investors asked whether the price of raw materials purchased from the golden seed wine increased year-on-year or month-on-month, and if so, why did the product not raise the price.

Golden Seed Wine replied that the product price is affected by many factors such as cost and market, and the company's product price is guided by market demand, and the cost of raw materials is comprehensively considered and other factors. According to the company, its brewing ingredients are purchased.

It is worth mentioning that the golden seed wine rose rapidly after the opening, and at one point rose more than 7% intraday.

According to the third quarterly report, Golden Seed Wine announced that the net loss in the third quarter was 46.52 million yuan, compared with a net loss of 50.65 million yuan in the same period last year, and the loss narrowed. In the first three quarters, the operating income was 807 million yuan, an increase of 21.58% year-on-year; the net loss was 144 million yuan, compared with a net loss of 105 million yuan in the same period last year, and the loss widened.