Note: The start time of the fiscal year of each company is different from the natural year, so there may be inconsistencies between the fiscal quarter and the year and the natural year. Companies may report their results on a quarterly or semi-annual basis.
Chinese liquor
Kweichow Moutai released its 2024 semi-annual report. In the first half of the year, the company achieved operating income of 81.931 billion yuan, a year-on-year increase of 17.76%; The net profit attributable to shareholders of the listed company was 41.696 billion yuan, a year-on-year increase of 15.88%. In the first half of the year, Moutai achieved revenue of 68.567 billion yuan, and the revenue of series liquor was 13.147 billion yuan. Through the "i Moutai" digital marketing platform, the company achieved a tax-free revenue of 10.25 billion yuan from alcohol.
Wuliangye released its results for the first half of 2024. In the first half of the year, the operating income was 50.648 billion yuan, a year-on-year increase of 11.3%; The net profit attributable to the parent company was 19.057 billion yuan, a year-on-year increase of 11.86%. In the first half of the year, the sales revenue of Wuliangye products was 39.205 billion yuan, a year-on-year increase of 11.45%; The sales revenue of other wine products (including Wuliang fragrant wine, fruit wine, liqueur, ecological wine, etc.) was 7.906 billion yuan, a year-on-year increase of 17.77%.
Yanghe released its 2024 semi-annual report. operating income in the first half of the year was 22.876 billion yuan, a year-on-year increase of 4.58%; net profit was 7.947 billion yuan, a year-on-year increase of 1.08%; The non-net profit was 7.941 billion yuan, a year-on-year increase of 2.96%. In terms of products, the revenue of mid-to-high-end liquor represented by Dream Blue, Sujiu and Sky Blue under Yanghe Co., Ltd. was 19.96 billion yuan in the first half of the year, an increase of 4.78% year-on-year; The revenue of ordinary liquor in the first half of the year was nearly 2.53 billion yuan, an increase of 5.16% year-on-year. By region, the revenue in the province in the first half of the year was 9.595 billion yuan, an increase of 1.42% year-on-year; The revenue outside the province was 12.896 billion yuan, an increase of 7.50% year-on-year.
Shanxi Fenjiu disclosed its 2024 semi-annual report. In the first half of the year, the company achieved operating income of 22.746 billion yuan, a year-on-year increase of 19.65%; The net profit attributable to the parent company was 8.41 billion yuan, a year-on-year increase of 24.27%. In the first half of the year, the company's revenue from medium- and high-priced liquors was 16.427 billion yuan, and the revenue from other liquors was 6.233 billion yuan.
Luzhou Laojiao released its results for the first half of 2024. The company achieved operating income of 16.905 billion yuan, a year-on-year increase of 15.84%, and attributable net profit of 8.028 billion yuan, a year-on-year increase of 13.22%.
Gujing Gongjiu released its results for the first half of 2024. The company achieved operating income of 13.806 billion yuan, a year-on-year increase of 22.07%; The attributable net profit was 3.573 billion yuan, a year-on-year increase of 28.54%.
Shiyuan Liquor announced its 2024 semi-annual report. During the reporting period, the company achieved operating income of 7.304 billion yuan, a year-on-year increase of 22.36%; net profit attributable to shareholders of listed companies was 2.461 billion yuan, a year-on-year increase of 20.08%.
Shunxin Agriculture released its 2024 semi-annual report. From January to June, the company achieved operating income of 5.687 billion yuan, a year-on-year decrease of 8.45%; The net profit attributable to shareholders of the listed company was 423 million yuan, a year-on-year increase of 621.87%. Among them, the liquor industry achieved operating income of 4.698 billion yuan, an increase of 3.17% year-on-year. Low-grade liquor, mid-grade liquor and high-end liquor achieved operating income of 3.456 billion yuan, 638 million yuan and 603 million yuan respectively.
Yingjia Gongjiu released its 2024 semi-annual report. In the first half of the year, the company achieved operating income of 3.785 billion yuan, a year-on-year increase of 20.44%; net profit attributable to shareholders of listed companies was 1.379 billion yuan, a year-on-year increase of 29.59%. The change in revenue was mainly due to the increase in revenue of mid-to-high-end liquor products represented by the cave series.
Shede Liquor disclosed its 2024 semi-annual report. In the first half of the year, the company achieved operating income of 3.271 billion yuan, a year-on-year decrease of 7.28%; the net profit attributable to the parent company was 591 million yuan, a year-on-year decrease of 35.73%; deducted non-net profit of 579 million yuan, a year-on-year decrease of 35.51%.
Kouzijiao released its 2024 semi-annual report. From January to June, the company achieved operating income of 3.166 billion yuan, an increase of 8.72% year-on-year; net profit attributable to shareholders of listed companies was 949 million yuan, an increase of 11.91% year-on-year. Kouzijiao's high-grade liquor, mid-grade liquor and low-grade liquor achieved sales revenue of 2.973 billion yuan, 36 million yuan and 70 million yuan respectively.
Laobai dry wine discloses the 2024 semi-annual report. In the first half of the year, the company achieved a total operating income of 2.47 billion yuan, a year-on-year increase of 10.65%; net profit attributable to the parent company was 304 million yuan, a year-on-year increase of 40.25%; The non-net profit was 278 million yuan, a year-on-year increase of 46.41%.
Shuijingfang discloses its 2024 interim report. In the first half of the year, the revenue was 1.719 billion yuan, a year-on-year increase of 12.57%, and the net profit attributable to the parent company was 242 million yuan, a year-on-year increase of 19.55%.
Alcoholic Liquor released its performance report for the first half of 2024. In the first half of the year, the operating income was 994 million yuan. In terms of products, the revenue of the internal reference series was 173 million yuan, the revenue of the drunkard series was 591 million yuan, the revenue of the Xiangquan series was 49.1245 million yuan, and the revenue of other series was 177 million yuan. The net profit attributable to shareholders of the listed company was 121 million yuan, and the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 117 million yuan.
Beer, spirits and wine
ABInbev announces second quarter 2024 results. Quarterly revenue was $15.333 billion, compared to $15.12 billion in the year-ago quarter. EBITDA profit was $5,302 million, compared to $4,909 million in the year-ago quarter. Net income attributable to shareholders of the Company for the quarter was $1,811 million, compared to $1,452 million in the year-ago quarter.
Netherlands brewer Heineken announced its results. Revenue in the first half of 2024 reached 17.812 billion euros (about 19.8 billion US dollars), an increase of 5.9% year-on-year; Operating profit was 2,079 million euros, up 12.5% year-on-year. Heineken said it recorded an impairment loss of 874 million euros due to a decline in the valuation of its stake in China Resources Beer.
Diageo, the world's largest spirits manufacturer, United Kingdom announced its results for the year ended June 30, 2024. The company's net sales for the fiscal year were $20.27 billion, down 1.4% from the same period last year. Operating profit increased 8% year-over-year to $6.0 billion. Net income fell to $3.87 billion from $4.45 billion in the previous year. Sales in Latin America and the Caribbean declined significantly.
Asahi Group Holdings, Ltd. Announced results for the first half of 2024. The revenue for the current period was 1,378.966 billion yen (about 9.68 billion US dollars), compared with 1,253 billion yen in the same period last year, a year-on-year increase of 10.1%. Operating profit was 104.1 billion yen, compared to 96.072 billion yen in the same period of the previous year, an increase of 8.4% year-on-year. Net profit attributable to owners of the parent company was 76.366 billion yen, compared to 65.798 billion yen in the same period of the previous year, a year-on-year increase of 16.1%.
Pernod Ricard announced its results for the fiscal year ended June 30, 2024. Net sales for the full year were 11.598 billion euros (about 12.9 billion US dollars), compared with 12.137 billion euros in the previous year, a year-on-year decrease of 4%. Net profit for Group shareholders was 1,476 million euros, compared to 2,262 million euros in the prior-year quarter, down 35 percent year-on-year.
Molson Coors Beverage announced results for the second quarter of 2024. Net sales for the quarter were $3,252 million, compared to $3,267 million in the year-ago quarter. Net income for the quarter was $427 million, compared to $342 million in the year-ago quarter.
Carlsberg announces its results for the first half of 2024. Revenue was 38,766 million Denmark kronor (approximately $5,776 million), compared to 37,788 million Denmark kronor in the same period last year. EBITDA profit was 8,355 million Denmark kronor compared to 8,229 million Denmark kronor in the prior-year quarter. Net profit attributable to shareholders of the Company amounted to 3,737 million Denmark kroner, compared to 3,495 million Denmark kronor in the prior-year period.
Kirin Holdings Company, Limited. Announced results for the first half of 2024. The revenue for the current period was 1,095.823 billion yen (about 7.69 billion US dollars), compared with 970.232 billion yen in the same period last year, a year-on-year increase of 12.9%. Operating profit was 93.069 billion yen, compared to 75.171 billion yen in the same period of the previous year, a year-on-year increase of 23.8%. Net profit attributable to owners of the parent company was 57.22 billion yen, compared to 31.99 billion yen in the same period of the previous year, a year-on-year increase of 78.9%.
Constellation Brands announced results for the fiscal first quarter ended May 31, 2024. Net sales for the quarter were $2,662 million, compared to $2,515 million in the year-ago quarter. Net income attributable to the Company for the quarter was $877 million, compared to $136 million in the year-ago quarter. Among them, net sales of beer were $2.273 billion, net sales of wine were $329 million, and net sales of spirits were $59.7 million.
Suntory Holdings Limited announced its results for the first half of 2024. The revenue excluding liquor tax in the current period was 1,488.332 billion yen (about 10.4 billion US dollars), compared with 1,390.915 billion yen in the same period last year, a year-on-year increase of 7%. Operating profit was 186.686 billion yen, compared with 167.721 billion yen in the same period of the previous year, a year-on-year increase of 11.3%. Net profit attributable to owners of the parent company was 92.688 billion yen, compared to 86.008 billion yen in the same period of the previous year, a year-on-year increase of 7.8%.
Budweiser Brewing Company APAC announced its 2024 interim results. Revenue for the first half of the year was $3,399 million, compared to $3,666 million in the year-ago quarter. Normalized profit attributable to equity holders was US$552 million, compared to US$579 million in the year-ago quarter.
CR Beer announced unaudited consolidated results for the first half of 2024. In the first half of the year, the company's turnover was 23.744 billion yuan (about 3.352 billion US dollars), and the net profit attributable to the parent company was 4.705 billion yuan, a year-on-year increase of 1.2%. The consolidated turnover of the beer business was 22.566 billion yuan, and the consolidated turnover of the liquor business was 1.178 billion yuan.
Tsingtao Brewery released its 2024 semi-annual report. In the first half of the year, the company achieved operating income of 20.068 billion yuan (about 2.833 billion US dollars), a year-on-year decrease of 7.06%; net profit attributable to shareholders of listed companies was 3.642 billion yuan, a year-on-year increase of 6.31%.
Brown-Forman announced results for the fiscal first quarter ended July 31, 2024. Quarterly net sales were $951 million, compared to $1,038 million in the year-ago quarter, down 8% year-over-year. Net income for the quarter was $195 million, compared to $231 million in the year-ago quarter, down 16% year-over-year.
Chongqing Beer released its 2024 semi-annual report. In the first half of the year, the company achieved beer sales of 1,783,800 kiloliters, a year-on-year increase of 3.30%; the operating income was 8.861 billion yuan (about 1.25 billion US dollars), a year-on-year increase of 4.18%; The net profit attributable to shareholders of the listed company was 901 million yuan, a year-on-year increase of 4.19%.
Yen Ching Restaurant Brewery discloses its 2024 semi-annual report. The company's semi-annual operating income was 8.046 billion yuan (about 1.136 billion US dollars), a year-on-year increase of 5.52%; The net profit attributable to the parent company was 758 million yuan, a year-on-year increase of 47.54%. In the first half of the year, the company achieved beer sales (including managed operation) of 2,304,900 kiloliters.
Treasury Wine Estates announced its results for the financial year ended June 30, 2024. Full-year revenue was Australia $2,808 million (approximately $1.88 billion), compared to $2,488 million in the previous year. The net profit attributable to shareholders of the company for the whole year was 98.9 million yuan, compared with 255 million yuan in the previous year. Among them, Penfolds net sales of 1 billion yuan, Treasury Americas net sales of 1 billion yuan, and Treasury Premium Brands net sales of 737 million yuan.
Pearl River Brewery released its 2024 semi-annual report. revenue in the first half of the year was 2.986 billion yuan (about 422 million US dollars), a year-on-year increase of 7.69%; net profit attributable to shareholders of listed companies was 500 million yuan, a year-on-year increase of 36.52%. In the first half of the year, the revenue of Pearl River Beer's high-end products was 2.04 billion yuan, a year-on-year increase of 17.19%; the revenue of mid-range products was 648 million yuan, a year-on-year decrease of 13.4%; The revenue of popular products was 187 million yuan, a year-on-year increase of 11.95%.
Changyu discloses its 2024 semi-annual report. In the first half of the year, the company achieved operating income of 1.522 billion yuan (about 215 million US dollars), a year-on-year decrease of 22.60%; The net profit attributable to listed shareholders was 221 million yuan, a year-on-year decrease of 39.17%.
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