Original title: Quanjude’s “drinking” cannot be stopped
The sharp increase in the market at the end of 2022 made Quanjude (002186) the first company to be suspended for verification in 2023. On the evening of January 2, Quanjude announced that due to recent fluctuations in the company’s stock price, the company will suspend trading on January 3 to check for abnormal fluctuations in stock transactions. It is understood that Quanjude has attracted market attention due to the launch of sauce wine products. Although the company said that the liquor business currently accounts for a small part of the revenue, and whether it will bring good returns to the company in the future is still relatively uncertain, Quanjude’s stock price is still at a low level. In the last half of 2022, it fully soared, an increase of more than 100%, and the stock price reached a new high in the past five years.
Suspension for verification from 3 January
Quanjude, a bullish stock that has recently doubled, is about to suspend trading for inspection. On the evening of January 2, Quanjude issued an announcement that due to recent fluctuations in the company’s stock price, upon request, the company’s shares will be suspended from the market opening on January 3, and trading will resume after the disclosure of the verification announcement .
The announcement shows that the stock price of Quanjude has accumulated a deviation of more than 20% of the closing price increase for two consecutive trading days on December 29 and 30, 2022. According to the relevant regulations, it belongs to abnormal fluctuations in the stock trading.
It is understood that from December 16 to 30, 2022, Quanjude’s stock trading experienced abnormal fluctuations 4 times, and the stock price fluctuated greatly. Quanjude said that in order to protect the interests of investors, the company will conduct inspections on abnormal fluctuations in stock transactions. Upon request, trading in the company’s shares was suspended since the market opened on January 3, and trading resumed following the disclosure of the inspection notice.
It is worth noting that Quanjude’s share price has doubled in the past two weeks. According to Oriental Fortune, from December 16 to 30, 2022, the cumulative increase in Quanjude’s range was 106.23%, while the market decreased by 3.01% during the same period, far outpacing the market. As of the close of December 30, 2022, Quanjude reported 22.83 yuan per share, up 9.18% that day, with a total market value of 7.042 billion yuan.
In addition, on December 30, 2022, Quanjude’s highest intraday share price reached 22.92 yuan per share, which is the highest Quanjude share price since April 10, 2017 under the post-resetting form.
Xu Xiaoheng, an investment and financing expert, said investors need to be cautious about chasing high speculation when investing in the secondary market and invest according to company fundamentals to avoid getting caught.
In response to company-related matters, a Beijing Business Daily reporter called the secretary of Quanjude’s office for an interview, but no one answered the call.
The liquor layout drives up the stock price
The sharp increase in Quanjude’s share price is related to the company’s structure in the liquor business.
Quanjude is an “ancient” enterprise. The main activity of the company is catering services and the processing and sale of food. It owns brands such as “Quanjude”, “Fangshan”, “Fengzeyuan” and “Sichuan Restaurant”. Research and development, production and sales of other foods.
In December last year, an investor asked on the company’s interactive platform: “Does the company sell alcohol products?” Quanjude replied, “The Quanjude brand liquor sold by the company includes Quanjude Erguotou liquor and the recently launched Quanjude 1864 sauce. At present, Quanjude 1864 and Quanjude Legend are sold on online platforms such as Quanjude Tmall flagship store and in various shops inside and outside Beijing”.
In the capital market, baijiu is a popular industry, and many individual stocks have seen the “drinking alcohol and becoming popular” market, and “backdooring liquor companies” rumors are also endlessly surfacing. Stimulated by this news, Quanjude’s share price soared to a high level.
According to Zhu Danpeng, vice president of the Guangdong Provincial Association for the Promotion of Food Safety, in addition to the popular Maotai flavored liquor trail, with the improvement of the epidemic situation, on-site meals are allowed throughout the country, the real economy offline recovers, and the traditional peak consumption season enters, which is also the reason why Quanjude’s stock price continues to rise.
As for the company’s liquor business, Quanjude said that the two gravy-flavored liquors launched by the company through entrusted processing have just been launched for sale, and the business income accounts for a small part. can bring good returns to the company in the future still has a big difference.Certainty.
Behind the layout of the liquor business, Quanjude is facing some performance pressure. Financial data shows that in the first three quarters of 2022, Quanjude achieved operating income of about 564 million yuan, a year-on-year decrease of 22.31%; the corresponding realized attributable net profit was about -175 million yuan, year on year annual decrease of 162.08%.
