bingohouse| How much impact will product price increases at the beginning of the year have on 2024 results? Secretary of the Board of Directors of Jinshiyuan responded

On May 13, Shiyuan held a 2023 performance presentation meeting. At the meeting, investors asked how much impact the price increase at the beginning of the year is expected to have on this year's performance.

In this regard, Wang Weidong, secretary of the board of directors, responded that the price increase of the company's products is essentially a product upgrade, that is, the product performance is improved more relative to the price, so as to better meet the needs of consumers.

On April 30, Shiyuan disclosed its 2023 annual report. According to the report, the company achieved total revenue of 101 in 2023.Bingohouse00 billion yuan, an increase of 28.05% over the same period last yearBingohouseNet profit from home was 3.136 billion yuan, up 25.30% from the same period last year; non-net profit was 3.136 billion yuan, up 25.57% from the same period last year; net cash flow from operating activities was 2.8 billion yuan, up 0.74% from the same period last year; during the reporting period, Shiyuan's basic earnings per share was 2.5153 yuan, and the weighted average return on net assets was 25.92%. The company's annual profit distribution plan for 2023 is: it is proposed to distribute 10 yuan (including tax) to all shareholders for every 10 shares.

Specifically, from the point of view of the products, the special A + liquor products with a factory guidance price of more than 300 yuan are the main force of revenue. Last year, the revenue reached 6.503 billion yuan, an increase of 25.13% over the same period last year, and the gross profit margin reached 85.52%, an increase of 1.45% over the same period last year. The special class A liquor products with a price range of 100,300 yuan reached 2.87 billion yuan last year, an increase of 37.11 percent over the same period last year, with a gross profit margin of 71.07 percent, an increase of 2.97 percent over the same period last year.

The revenue of category A, B, C and D products was 411 million yuan, 159 million yuan and 86.49 million yuan respectively, an increase of 18.65%, 6.55% and-0.6% over the same period last year.