crabadausers| Luzhou Laojiao: The Matthew effect in the liquor industry has been further highlighted, and companies with leading advantages will have more opportunities

Recently, Luzhou laojiao released a record sheet of investor relations activities, showing that the company held an analyst meeting on April 28.

Luzhou laojiao said that in the long run, reform and opening up is not only a long-term national policy, but also China's economy.CrabadausersDriven by the fundamental driving force of the reform, China's economy has improved for a long time, with broad prospects, economic development promotes cultural self-confidence, and Chinese spirits with national brand characteristics have consumer demand. In the short and medium term, the impact of the epidemic on consumption willingness and investment confidence in the past few years will gradually recover, and the trend of the industry to focus on famous and excellent producing areas, to superior brands and to superior enterprises is still evolving. The liquor industry has entered the era of stock competition and giant competition, the Matthew effect will be further highlighted, and the head advantage enterprises will have more opportunities.

Luzhou laojiao achieved 302 total revenue in 2023.Crabadausers.33 billion yuan, an increase of 20.34% over the same period last year, and the net profit returned to the mother was 13.246 billion yuan, an increase of 27.79% over the same period last year. In the annual report, Luzhou laojiao also said that the liquor industry presents a trend of consumption upgrading and demotion, intensified differentiation and more fierce competition, capacity optimization, quality upgrading, scientific and technological innovation and cultural guidance. Consumer experience and service improvement have become the characteristics of the era of high-quality development of the liquor industry. The development trend of concentrating to well-known producing areas, famous brands, excellent culture and good quality is becoming more and more obvious. The liquor industry has gradually entered the era of stock competition and giant competition. Only enterprises that can create good products and services for consumers, good governance structure and social value can stand out.