Guizhou Maotai liquor prices were halved major shareholders increased by 0.04%

Over the past year, the central party's anti-corruption efforts and the "Three public consumption" ban and so called "National Wine" Maotai "very hurt", 53 degrees of flying Maotai from nearly 2000 yuan to the highest price all the way down to the present 1000 yuan; Guizhou Maotai's share price also fell down the "First bull stock" altar, from the highest point of close to 270 yuan/ Stocks fell to now 140 yuan/share. Maotai price, share prices were halved, fell to nearly half, which has been a large number of stores of goods dealers and heavy stocks of the shares of funds have lost heavy. The fund which holds the highest market value of Maotai in Guizhou Province in the recent less than three months time, the cumulative floating loss has exceeded 100 million yuan. After the announcement of the semi-annual report triggered a successive plunge in share prices, Guizhou Maotai major shareholders out of the increase of less than 0.04% shares of the scheme, was questioned only "symbolic" significance, the two-tier market share performance also failed to stop, as of September 23 Close, the stock price of 140.8 yuan/shares, and once fell below 140 yuan, Reached its lowest point in the last three years. Maotai dealers: This year's business is not good to do a Beijing operating Maotai liquor store Zhao told the Securities Daily Reporter: "Maotai is mainly for the gift-oriented people, this year is not dry." Zhao said that this year Maotai year wine price reduction of more than 30%, 15 vintage Maotai wine from last year's 7800 yuan to the present 5200 yuan or so; ordinary 53 degrees of flying Maotai is only selling 1000 yuan a little more than last year's highest price, down more than 40%. It is understood that at present Ms. Zhao's Maotai shop began to sell green wine, liquor, Raimout and other low-end brands of liquor and Maotai wine, as far as possible to offset the flying Maotai and Maotai vintage wine and other high-end wine sales drop risk. Mid-Autumn Festival, National Day is the traditional liquor sales season, but in just the past Mid-Autumn Festival, Maotai performance is not satisfactory. Ms. Zhao said that the mid-Autumn Festival is only better than usual, but much worse than last year. Another report said, Maotai, Wuliangye and other liquor brands mid-Autumn Festival sales met cold. Many businesses reflect that the mid-autumn liquor sales fell about 30% year-on-year. CIC Consultant Food industry researcher Liang, said in an interview with the Securities daily, the second half of the liquor industry is the traditional consumption season, mid-Autumn Festival and National Day can be described as the "beginning" of the sales season, but this year during the Mid-Autumn festival in Guizhou Maotai did not have a good performance, the National The value of the fund has shrunk by more than billion. As of the end of the second quarter of this year, the same fund's two funds holding Guizhou Maotai shares, the market value of 9.77% and 9.72% of the net worth respectively, the highest in all funds, the two funds are also due to the recent fall in Guizhou Maotai stock prices caused Among them, as of June 30, 2013, the holding of Guizhou Maotai market capitalisation of the fund, holding shares of about 2.05 million shares, and from this July 1, Guizhou Maotai shares have fallen from 192 yuan to 140 yuan, fell 52 yuan, a decrease of more than 27%, that is to say, Assuming that the fund holds the same amount of Guizhou Maotai shares, in less than three months, the stock market capitalisation has shrunk by more than100 million Yuan. Guizhou Maotai semi-annual report showed that the first half of the company to achieve operating income of 14.128 billion yuan, a year earlier growth of 6.51%; The net profit attributable to the shareholders of the listed company is 7.248 billion yuan, up 3.61% The net profit of the shareholders of the listed company, which is deducted from the non-recurrent profit and loss, is 7.443 billion yuan, an increase of 6.39%, to achieve the basic income of 6.98 yuan per share. Liang said that the performance of Maotai in Guizhou is directly related to the trend of stock prices, this point from the semi-annual report after the disclosure of Guizhou Maotai stock prices close to the fall. After the October and November difficult to have a big positive factor, so the time period is difficult to rebound in share prices. Large shareholder "symbolic" increase of 0.04% in the disclosure of two consecutive trading days after the announcement of the stock price plunge, September 4, Guizhou Moutai disclosed large shareholder increased notice, the bulletin said Maotai group on September 3, 2013 through the Shanghai Stock Exchange trading system to increase the shares of the company 406,800 shares, Accounting for 0.0392% of the company's total equity. After this overweight, Maotai Group held 642 million shares of the company, accounting for the company's total share capital of 61.8491%. The investor who has been concerned about Maotai in Guizhou thinks that the large shareholder's holdings of less than 0.04% more symbolic, far less meaningful to buy back shares by listed companies; at the same time, Guizhou Maotai listed companies have the strength to do this, because they have tens of billions of of cash lying on the account, and each year to obtain a very low return on investment. Liang that, Guizhou Maotai in the inventory gradually digest, enterprises adjust product structure and product prices, such as the role of the New Year's Day and the Spring Festival in Guizhou Maotai performance will be better than the Mid-Autumn Festival and National Day, the share price will be better with the market and rebounded. As for the long-term trend of the stock price depends on the strategic choice of Maotai, liquor as a consumer goods, in business activities and residents occupy a certain proportion, once the Guizhou Maotai back to mass consumer goods, market demand is still vigorous, Guizhou Maotai development conditions exist, the rebound in stock prices will be inevitable. But UBS Securities September 23 released Liquor Industry Research report said, considering the government's strong anti-corruption impact, and the uncertainty of tax reform, liquor plate in the second half of 2013 difficult to recover, the plate will withstand more severe profit pressure, performance and valuation "bottom" or will continue to the first half of 2014. To this end, Maotai, Wuliangye, Yanghe, Fen, gu well and the old cellar target price. UBS Securities believe that if the government anti-corruption to maintain the existing strength, the "freezing point" of the demand for the administration of liquor will continue, and may be with the approval of local governments and fiscal spending compression and long-term low.