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Moutai Group's 2020 revenue target is 110 billion yuan, an increase of 10% year-on-year

2020/01/03 14:16:35 Source: China Securities Journal, China Securities Journal 2020/01/03 14:16:35

CSI News. On January 2, Moutai Group held the "2020 Work Conference and 'Infrastructure Year' Launch Conference". Li Jingren, general manager of Moutai Group, said that in 2020, the group's expected goal is to complete operating income of 110 billion yuan, an increase of 10% year-on-year; net profit of 50.5 billion yuan, an increase of 10% year-on-year.

In addition, Li Jingren said that the Moutai Group expects to achieve tax revenues of 45.5 billion yuan in 2020, an increase of 9% year-on-year; completed the production of 150,000 tons of alcohol, sales of 142,000 tons of alcohol; completed the project investment of 10.62 billion yuan.

"Basically, whether a brand can be stable and far-reaching is not about how high it can be, but how realistic it is." Li Baofang, chairman of Maotai Group, said that as a "hundred-billion-dollar" company, it looks forward to long-term It is irrational, unrealistic, and irresponsible to maintain a growth rate of about 30%. What Moutai needs is normal, sustainable, and healthier development, not ups and downs.

The "Maotai Group's 2020 Work Report" shows that the group company's operating income in 2019 is 100.3 billion yuan, a year-on-year increase of 17%; the total industrial output value is 95 billion yuan, a year-on-year increase of 16%; the added value is 99 billion yuan, a year-on-year increase of 16%; net Profit was 46 billion yuan, a year-on-year increase of 16%; tax revenue was 41.6 billion yuan, a year-on-year increase of 8%. Complete the annual target plan in full, and complete the "13th Five-Year Plan" target one year in advance.

Li Baofang said that in 2020 in Maotai, it is more important to lay a solid foundation. Group companies must maintain sufficient sobriety and rationality, think carefully and plan scientifically for this year's work. "Proactively adjusting and consolidating the foundation is not a stall, but to go more stable, better and further."

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