According to the data, the total amount of self-made semi-finished products/semi-finished products of 20 listed companies exceeds 100 billion, and the base liquor inventory of most enterprises has increased to varying degrees.
Many wine lovers believe that the increase in the base liquor inventory of most enterprises is a manifestation of the "unsellable" liquor, but some wine lovers believe that this is just the strategic planning of each enterprise, and the market performance has little impact on the base liquor inventory.
So do you know what are the top 10 base liquor inventories of listed wine companies?
Kweichow Moutai
Base wine inventory in the first half of 2024 (100 million yuan): 244.58
Base wine inventory in the first half of 2023 (100 million yuan): 199.67
YoY Growth: 22%
Kweichow Moutai, as the "big brother" of liquor, has always paid great attention to the stability of base liquor inventory due to its very popularity with consumers, and will soon exceed 20 billion yuan in the first half of 2023, and will increase more than 4 billion yuan in base liquor inventory in the first half of 2024.
Despite the large inventory of base liquor, Moutai still maintained a rapid growth rate of 22% year-on-year, which shows that Moutai's "deep pockets" and clear strategic planning have stored energy for Moutai's long-term and stable competitiveness.
Yanghe
Base wine inventory in the first half of 2024 (100 million yuan): 155.2
Base wine inventory in the first half of 2023 (100 million yuan): 144.96
Year-over-year growth: 7%
Yanghe followed closely behind, and the base wine inventory ranked second, with a base wine inventory of 14.496 billion yuan in the first half of 2023, although the growth rate slowed down after that, and the base wine inventory in the first half of 2024 was 15.52 billion yuan, with a growth rate of only 5%.
Although the growth rate of Yanghe's base wine inventory has slowed down, with its volume of up to 15.52 billion yuan, you can still get a glimpse of the ambition of Yanghe enterprises.
Wuliangye
Base wine inventory in the first half of 2024 (100 million yuan): 121.59
Base wine inventory in the first half of 2023 (100 million yuan): 115.44
YoY Growth: 5%
As one of the most popular aromatic liquor brands in China, Wuliangye's base liquor inventory also ranks third, with a base liquor inventory of 11.544 billion yuan in the first half of 2023, and an increase of about 600 million yuan in the first half of 2024, with a year-on-year growth rate of 5%
In fact, whether the inventory of base liquor increases or not is closely related to the strategic planning of liquor companies, and the storage conditions of base liquor are also relatively harsh, if the inventory is sufficient, there is indeed no need to blindly expand production capacity.
Luzhou Laojiao
Base wine inventory in the first half of 2024 (100 million yuan): 100.54
Base wine inventory in the first half of 2023 (100 million yuan): 83.52
Year-over-year growth: 20%
Luzhou Laojiao's base wine inventory ranks fourth, with a base wine scale of 8.352 billion yuan in the first half of 2023, and the growth rate of its base wine inventory is very impressive, and this figure will become 10.054 billion yuan in the first half of 2024, successfully breaking through the 10 billion mark, a year-on-year increase of 20%.
With the birth of the super single product "Guojiao 1573", Luzhou Laojiao's excellent marketing methods and the quality of Guojiao have quickly opened up the market once they were listed, and their influence should not be underestimated.
Gujing Gongjiu
Base wine inventory in the first half of 2024 (100 million yuan): 66.84
Base wine inventory in the first half of 2023 (100 million yuan): 50.34
Year-over-year growth: 33%
In the first half of 2023, the inventory scale of Gujing Gongjiu will reach 5.034 billion yuan, and in the first half of 2024, it will grow by leaps and bounds, and the inventory data of base wine will reach 6.684 billion yuan, with a year-on-year growth rate of 33%.
As one of the representative liquors of Anhui liquor, Gujing Gongjiu is not only widely praised locally for its Jianghuai flavor characteristics, but also has a rising influence in the country.
Fenjiu
Base wine inventory in the first half of 2024 (100 million yuan): 59.13
Base wine inventory in the first half of 2023 (100 million yuan): 50.7
YoY Growth: 17%
In the first half of 2023, Fenjiu's base liquor inventory will be 5.07 billion yuan, and in the first half of 2024, it will increase by about 900 million yuan, with a year-on-year growth rate of 17%, which also reflects Fenjiu's determination to improve the quality of liquor and its optimism about future market demand.
Fenjiu as a well-deserved "leader" of domestic fragrant liquor, although its base liquor inventory compared with other famous liquors, ranked only sixth, but this is also related to the production of liquor aroma, compared with the sauce aroma and strong aroma, the storage value of fragrant liquor is actually not high, blindly improving the base liquor inventory, the effect may be counterproductive.
Zhenjiu Li Du
Base wine inventory in the first half of 2024 (100 million yuan): 54.85
Base wine inventory in the first half of 2023 (100 million yuan): 42.91
Year-over-year growth: 28%
In the first half of 2023, Zhenjiu Lidu's base liquor inventory will be 4.291 billion yuan, and the growth rate will be significant in the first half of 2024, reaching 5.485 billion yuan, successfully breaking through the 5 billion yuan mark, with a year-on-year growth rate of 28%.
Zhenjiu Lidu's current revenue mainly relies on Zhenjiu real vintage liquor, Zhen30, Lidu sorghum 1308, Xiangjiao dragon sauce and other high-end products, as well as Zhenxi 15, Lidu sorghum 1955 and other high-end products sales growth is also considerable, in this context, an appropriate increase in base liquor inventory will help Zhenjiu Lidu better maintain competitiveness.
Kouzi cellar
Base wine inventory in the first half of 2024 (100 million yuan): 46.26
Base wine inventory in the first half of 2023 (100 million yuan): 39.26
Year-on-year growth: 18%
In the first half of 2023, Kouzijiao's base wine inventory reached 3.926 billion yuan, and in the first half of 2024, the base wine inventory increased by 700 million yuan, with a year-on-year growth rate of 18%.
Also as one of the representative famous liquors in Anhui, although it is not as good as Gujing Gongjiu in terms of nationalization, it ranks eighth in the base liquor inventory of listed wine companies, and it can still spy on the strength of the export cellar, Kouzijiao adheres to the quality as the core, in addition to the development of the provincial market, Kouzijiao also focuses on the Yangtze River Delta and the Greater Bay Area, with these two places as the core, and vigorously promotes the Kouzijiao out of the province.
Welcome tribute wine
Base wine inventory in the first half of 2024 (100 million yuan): 40.9
Base wine inventory in the first half of 2023 (100 million yuan): 35.88
Year-over-year growth: 14%
In the first half of 2023, the base liquor inventory of Yingjiagong Liquor will be 3.588 billion yuan, and the base liquor inventory in the first half of 2024 will also exceed 4 billion yuan, with a year-on-year growth rate of 14%.
In recent years, Yingjiagongjiu has always maintained a steady and positive development trend, and the semi-annual report released in 2024 shows that the company achieved revenue of 3.785 billion yuan, a year-on-year increase of 20.44%; net profit was 1.379 billion yuan, a year-on-year increase of 29.59%. In the case of a downturn in the liquor market, it is not easy for Yingjiagongjiu to achieve such results.
Shede Liquor
Base wine inventory in the first half of 2024 (100 million yuan): 38.54
Base wine inventory in the first half of 2023 (100 million yuan): 30.85
YoY Growth: 25%
Shede Liquor's base liquor inventory in 2023 will be 3.085 billion yuan, and the growth rate will be obvious in the first half of 2024, reaching 3.854 billion yuan, which is not far from the ninth Yingjiagong liquor, with a year-on-year growth rate of 25%.
Shede Liquor has always adhered to the long-term strategy, actively assisted dealers to fully improve sales, and hoped to use phased adjustment measures to achieve healthier and long-term development through the implementation of strategies such as "controlling quantity and stabilizing prices".