Historical overview of the capital flow of Shanxi Fenjiu: Shanxi Fenjiu appeared in the top ten active stocks of Shanghai Stock Exchange, and the turnover of Shanghai stock exchange of Hong Kong Stock Exchange ranked tenth, of which the total turnover of Hong Kong capital was 8150 thousand. Among them, 505 million shares were bought, 3 1 10,000 shares were sold, and the net purchase was195 million shares, accounting for 6.44% of the total stock turnover on that day. As of today's close, the market value of Shanxi Liquor circulation was 394.394 billion yuan.

1, the price cycle of liquor continues to rise this year, and the inventory is still relatively low. This year, the price of high-end liquor continued to strengthen. Due to the tight supply and demand of Moutai, the price of bulk bottles and whole cases of wine hit a new high this year, and the price trend of Wuliangye/Guojiao was relatively stable. The second high-end benefited from the high-end price bonus, the consumption structure was further improved, and the overall rating continued to rise.

2. At the same time, under the background of last year's epidemic, thoroughly clean up the channel inventory. This year, in addition to the upgrading of liquor brand channel inventory of the three major brand lines, the overall inventory of liquor leading enterprises remained healthy. As the inventory pressure of popular products began to appear this year (the inventory was replenished through channels under the background of residents' consumption last year), coupled with the demand pressure and channel fission, the whole entered the stage of accelerated clearance. At the same time, the price dimension began to decline, leading to a significant increase in overall competition compared with last year.

3. Shanxi Fenjiu (600809. Sh)165438+1October 1 1 said on the investor interaction platform that the company will accelerate the "two-wheel drive" in the future, continuously strengthen the domestic and international market expansion of Fenjiu, and realize the integrated operation of "production, supply, sales and research" of bamboo leaf green industry; Benchmark world-class enterprises and further strengthen and improve the management level of the company; Continue to expand and optimize the construction of raw grain base, packaging color printing base, Xinghua village catering and other projects, running through the development of the whole industrial chain; Guarantee industrial support, promote capacity expansion and lay a solid foundation for high-quality development; Continue to promote digital and intelligent transformation, create "intelligent Fenjiu", and ensure the smooth realization of annual tasks and goals.

4. After three years of internal rectification and market-oriented reform, the related party transactions, ownership structure and internal governance of Fenjiu have been solved, the system and mechanism have been obviously improved, and the operating performance has been greatly improved. From 20 17 to 2020, the compound growth rate of income exceeds 30%, and the compound growth rate of net profit is close to 50%, which has formed the speed of Fenjiu, which has attracted much attention from the industry.