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Sugar, wine profits expected to grow steadily
Association of Chinese non-staple food distribution, the national rum Office Jihong March 20 held in Chengdu, China, wine food, said the annual summit, the 2010 wine food industry in China will maintain stable and rapid growth, sales revenue and gross profit growth will continue at 10%.
27.5% year on year GDP growth liquor
In recent years, China's food industry show a sustained, rapid and healthy development momentum, the food industry growth rate has remained at 20%.
Chinese wine food industry market 2009-2010 annual report, in 2009, despite the financial turmoil, but the food industry is still buck the trend up, showing growth of booming sales, the annual food output exceeded 4.9 trillion yuan of industrial , an increase of 17.86%. The sub-sector, liquor still come out on top, yield more than 7 million tons year on year increase of 23.8%, liquor more than 200 billion yuan worth of industrial output, up 27.5%.
Jihong that in 2009, China's liquor, beer, wine, wine and other sub-sectors over the scale of the economic indicators of business gradually improved. Huge consumer market based on domestic and international capital in large quantities involved in China's wine industry, M & A and restructuring continue, and some key enterprises are starting to layout the global market, to make substantial progress.
Prospects for the future development of the food industry, the State Council Development Research Center Renxing Zhou also said that with the food consumption structure upgraded and reduction in the gap between urban and rural consumption, strong momentum in the future development of the food industry, industry concentration and profits will gradually increase the degree of concentration .
The report shows liquor industry will enter a steady development of sub-period, although the pace of development will be slow, but the degree of industry boom will continue. The next 2-3 years, high-end liquor industry, the trend will become more apparent, second-tier brands and gradually emerged as another force liquor industry.
In recent years, rapid growth in the wine market will continue to maintain the rapid growth trend of international economic recession curbed demand for wine in overseas markets, the booming Chinese market will become a land of contention imported wines, as competition intensifies, the wine market will also face change and shuffle.
Show advantages of plate valuation
Notably, this has become the new Chengdu rum to uphold its stage, including Wuliangye alcoholic wine brands Changyu and many other new products are introduced by the rum. Jihong that the future development of new products will be wine food product structure adjustment and one of the main driver of profit growth.
It is understood that the first 11 months of 2009, the national scale food industry total industrial output value 4.488342 trillion yuan, up 17.36 percent; sales output value of 4.383761 trillion yuan, up 17.52%; and new product output value reached 166.751 billion yuan, up growth of 26.74%.
Meanwhile, Chengdu rum has attracted a large number of brokerage firms and fund analysts concerned, many people believe that to stimulate consumption and boost domestic demand in the background, more food and beverage industry to determine future growth, food and beverage market will continue beyond 2010 good variety.
Many analysts believe that with the food and beverage section, in particular, continue to adjust white plates, some good advantages of starting to show the company's valuation. CSC's Zheng Qi, Huang Fu-Sheng in the report that the policy of expanding domestic demand will make the market for food and beverage Bankuai start this year, earlier than last year's third quarter, about in May, the industry's start will be white plate as the pioneer, benefit from inflation, followed by food processing sub-sectors.
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