Moutai is a well-known wine variety in China, and its stock price has risen from the issue price of 31.39 yuan per share to more than two thousand yuan before. For some friends, the reason for the sharp rise in Kweichow Moutai’s stock price is more concerned. So, why is the share price of Kweichow Moutai so high? Let’s take a brief look.
Kweichow Moutai Co., Ltd. has a very impressive performance as a stock issuing company, and Moutai has good sales and profits; Kweichow Moutai Co., Ltd. is a typical representative of high cash dividend stocks, with a dividend rate of more than 2%; Moutai is a high-end liquor in my country The representatives of other wines have different raw materials and production processes, and the products are relatively scarce, and the scarcity is more expensive.
It is understood that in the first half of 2021, Kweichow Moutai’s revenue increased by 5.134 billion yuan, a year-on-year increase of 11.68%. In the first half of the year, Kweichow Moutai’s total assets decreased by 0.25% year-on-year, net assets attributable to shareholders of listed companies increased by 0.26% year-on-year, and net profits attributable to shareholders of listed companies increased by 9.08% year-on-year. In addition, the revenue of Moutai among the product grades is 42.949 billion yuan, and the revenue of series liquor is 6.06 billion yuan.