Today marks the 10th anniversary since the eight regulation restrictions! Let’s review the history of banking and liquor industry together.
From 2011 to 2021, the banking and liquor industries have experienced a quasi-cyclical period in the past 10 years.
The asset quality of the banking industry has gradually declined since 2012. After supply-side structural reforms, a large number of non-performing assets have been gradually exposed. It has gradually rebounded since bottoming out in 2016. Currently, the asset quality is at a historically good level.
The liquor industry experienced a downturn in the second half of 2012 from three public funding restrictions to the plasticizer turmoil in 2013, and then gradually recovered. The stock price is also a double-click by Davis, and it is currently in a relatively good period in history.
Let’s take a look at the compound growth rate of net profit of various banks and liquor companies in the banking industry and liquor industry in the past 10 years through the wind database.
1. Banking
2. Liquor industry
We can see that the overall net interest rate growth rate of the liquor industry is still faster than that of banks, but the growth rate is not much faster;
Banks in the banking industry with a growth rate of more than 15% include Ningbo Bank, Xiamen Bank, Qingnong Commercial Bank, Guiyang Bank, Changsha Bank, Zheshang Bank, and Qingdao Bank;
Banks with a growth rate exceeding 10% include Qilu Bank, Bank of Shanghai, Bank of Zhengzhou, Bank of Jiangsu, Ping An Bank, Bank of Hangzhou, China Merchants Bank, Bank of Chongqing, Postal Savings Bank, Industrial Bank, Zijin Bank, Bank of Suzhou, Shanghai Rural Commercial Bank, Changshu bank;
The liquor company with a growth rate of more than 15% in the liquor industry is Shede Liquor;
The liquors with a growth rate of more than 15% are Kweichow Moutai, Shanxi Fenjiu, Jiugui Liquor; Kouzijiao, Laobaigan Liquor, and Gujing Gongjiu;
Liquor companies with a growth rate of more than 10% are Wuliangye, Jinshiyuan, etc. The growth rate of Luzhou Laojiao is 10%;
The 10-year compound growth rate of Yanghe shares is only 6.15%, which is lower than that of the Agricultural Bank of China and China Construction Bank among the four major banks.
Looking ahead, the banking industry and the liquor industry still need to be compared. Which industry do you think will grow faster?
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