中文

VV Soybean Milk Earned More Profits than any other A-share listed soft drink companies

01/19/2018

Company News

The new forward-looking data from the 2017 development and analysis report on the A-share soft drinks industry showed VV Group, a listed company with VV Soybean Milk as its main product (stock No. 600300), had seen an operating revenue of 3.416 billion yuan and earned 154 million yuan in the third quarter of 2017, ranking first and second respectively in operating revenue and profits of listed soft drinks companies which had disclosed their performance. Its operating revenue of RMB 35 billion took up nearly half of the total revenue of all A-share soft drinks companies.

Industry expert said Chinese manufacturing industry is undergoing a tough time. With the declining total revenue and profit of beverage industry, VV delivered a positive result, with almost no player being in the same position. This is very significant.

According to the report, for Beverage brands listed on A-share, 6 has disclosed their 2017 3rd quarter financial report. 4 are in the black and 2 in the red. Total revenue amounted to RMB7.82 billion, total profit RMB 594 million, and profit to earnings ratio 7.59%. The top five in terms of operating income are WEIWEI (600300) RMB 3,416 million, Chengde Lulu (000848) RMB 1.56 billion, Xiangpiaopiao (603711) RMB 1,340 million, ANDELI (603031) RMB 1,253 million, and Shenshenbao-A (000019) RMB 231 million, while the top five in terms of operating profit are Chengdu Lulu (000848) RMB 428 million, WEIWEI (600300) RMB 154 million, Xiangpiaopiao (603711) RMB 75 million, ANDELI (603031) RMB 29 million and Shenshenbao-A (000019) RMB 31 million. For this industry, the YOY growth of total revenue and total profit is -2.77% and -23.79%, respectively.

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