Jinwu Financial News | US stocks developed one by one week. Investors waited and watched the inflation data released this week and the Federal Reserve's interest rate meeting records. The market was in a state of contention, and the three major indices closed with mixed ups and downs. The US dollar is slightly weak, and the US 10-year bond interest rate remains at 4.42%. Gold prices continue to improve, and the oil price trend is stable. Hong Kong stock depository securities are generally improving, and it is expected that the market will open higher in the early stages. The mainland stock market fell yesterday. The Shanghai Composite Index opened low and closed down 0.7%. The turnover of the Shanghai and Shenzhen markets increased slightly. Hong Kong stocks competed lightly yesterday. The index was held at 17,000 points, and market transactions increased slightly. Investors are concerned about changes in interest rate expectations in peripheral economic data. The market atmosphere remains cautious, and the index is expected to rise and fall at the level of 16,200 to 17,000 points.
Industry news
China Resources Brewery (00291) had a turnover of RMB 38.932 billion last year, up 10.4% year-on-year. Profit was RMB 5.153 billion, up 18.6% year-on-year. The Group's overall beer sales increased by 0.5% year-on-year to about 11.151 billion litres last year. Thanks to an increase in overall beer sales and turnover, as well as a decrease in the cost of some packaging materials, the gross margin of the beer business increased 1.7 percentage points year-on-year to 40.2%. In terms of the liquor business, the group completed the 55.19% share transfer of Guizhou Sands last year. The Group's liquor business last year's turnover and profit before interest and taxes were $2,067 million and $130 million respectively. The company said that in the face of a challenging and uncertain economic and market environment, it will maintain a cautious and optimistic attitude, and actively plan and develop based on the new world of the consumer industry to achieve growth in overall revenue, profit, and overall sales of sub-premium and above beer this year. The company's sales volume of beer and liquor last year was in line with expectations, and the high-end beer process also performed well. The Group's sales and revenue both increased in the first two years of this year. Looking forward to a steady, moderate and positive business, the outlook is optimistic.
(The author is a licensee of the Securities Regulatory Commission. I and related parties do not hold the above shares)
Author: Guo Jiayao, Managing Director of Huiying International Asset Management