Recently, Yanghe held a 2023 annual results meeting, and some investors asked about the loss in the fourth quarter of 2023.CrashracingnintendoswitchThe reason for the loss. In response, Yanghe shares responded that the end of 2023 is far away from the Spring Festival, dealers Spring Festival stock delayed to the following January, the fourth quarter is not willing to pick up goods, resulting in a big drop in operating income in the fourth quarter. The negative net profit in the fourth quarter is due to the decline in sales in the fourth quarter, and the sales revenue can not cover the cost of sales, taxes and additions, sales expenses, management expenses, R & D expenses and other costs.

According to Yanghe's 2023 annual report, the company achieved operating income of 331.Crashracingnintendoswitch.2.6 billion yuan, an increase of 10.04% over the same period last year, and the net profit of shareholders belonging to listed companies was 10.016 billion yuan, an increase of 6.80% over the same period last year; the proportion of intra-provincial and non-provincial markets in marketing was 44.30% and 55.70%, respectively; medium and high-grade wine and ordinary wine increased by 8.82% and 20.70%, respectively. Yanghe said that the company focuses on regional and product structure optimization, marketing organization iteration, digital enabling sales, product quality improvement, brand communication and other aspects of work, achieving steady development throughout the year.

It is worth noting that the company posted a net loss of 188 million yuan in the fourth quarter of 2023.