Changes in Hong Kong stocks | Zhenjiu Li Du (06979) rebounded by more than 5%, Guizhou Zhenjiu expanded production by 3,000 tons, Hong Kong will adjust the spirits tax from now on

The Zhitong Finance App learned that Zhenjiu Li Du (06979) rebounded more than 5%. As of press release, it had risen 4.66% to HK$7.63, with a turnover of HK$377.15,600.

According to the news, according to a report by Securities Daily, in 2024, Guizhou Zhenjiu will be put into operation with an additional 3,000 tons during the sand season, with a production capacity of 44,000 tons, ranking among the top three liquor companies in Guizhou, further consolidating the leading production capacity advantage of sauce-flavored liquor companies in the country. Furthermore, the Chief Executive of the Hong Kong Special Administrative Region, Lee Ka-chiu, said today that the tax rate for spirits imported over HK$200 will be reduced from 100% to 10%.

Tianfeng Securities said that in 2023, Zhenjiu contributed 65% of the company's sales. After acquiring Zhenjiu in 2009, the company continued to invest resources to expand production, reshape the product matrix, and rebuild the sales network. After a round of rapid growth since 2015, Zhenjiu has now transformed into a leading national soy wine brand that mainly sells sub-high-end products and above. In 2020-2023, Zhenjiu brand revenue increased from 1,346 billion yuan to 4.583 billion yuan. As of 2023, Zhenjiu had grown to become the fourth largest in the country Soy wine brand.