Lates News

Everyday AI Express News, Minsheng Securities released a research report on August 14th, giving a buy recommendation on Guizhou Maotai (600519.SH). The main reasons for the recommendation include: 1) The increase in Maotai sales volume has helped to accelerate the growth of Maotai liquor compared to the previous period, while the series of liquor brands are facing short-term pressure; 2) Wholesale and retail channels remain stable, with direct sales channels potentially benefiting from the increase in Maotai sales volume, showing a growth rate faster than the overall market; 3) Structural adjustment is putting pressure on gross profit margins, with high marketing expenses dragging down profitability, a decrease in contractual liabilities, an increase in accounts receivable, and a slight decline in the quality of receivables. (Daily Economic News)