ZUOWEIHUIJIUBANKUAIDELONGTOUQIYE，GUJINGGONGJIUJINLAIDONGZUOPINPIN。JINTIAN(11YUE16RI)ZHONGWU，GUJINGGONGJIUFABUZHONGDASHIXIANGTISHIXINGGONGGAOCHENG，GENJUFAZHANZHANLVEXUYAO，JINQIYUANHUIMINGGUANGJIUYEYOUXIANGONGSI(YIXIAJIANCHENG“MINGGUANGJIUYE”)JINXINGLEJIEQIA，JIUSHOUGOUMINGGUANGJIUYEGUQUANSHIXIANGDACHENGCHUBUYIXIANG，GONGSINIYUJINQIDUIMINGGUANGJIUYEKAIZHANJINZHIDIAOCHAHESHENJIPINGGUDENGGONGZUO。

JUMINGGUANGJIUYEGUANWANGJIESHAO，GONGSIQIANSHENWEIGUOYINGANHUISHENGMINGGUANGJIUCHANG(MINGGUANGNIANGJIUJITUAN)，SHIZHONGGUOBAIJIUBAIQIANGQIYE，NIANCHANBAIJIUYUE3WANDUN，。2020NIANSHIXIANXIAOSHOUSHOURUMUBIAOSHITUPO6.5YI，SHUISHOU15%—20%ZENGJIA。MINGGUANGJIUYEMUQIANYOUSIDAXILIECHANPIN，“MINGLVXILIE”、“LAOMINGGUANG”XILIE、“MINGGUANG”XILIEYIJIGUANGPINGDABAOGANXILIE。

业内人士分析认为，这是一笔双赢的并购。一方面古井贡酒通过并购将快速提升其在安徽省内的市场份额，减少域内竞争;另一方面明光酒业本身站上了更高的平台，有望获得古井贡酒导入的资源，有利于自身的长远发展。

公开资料显示，古井贡酒最近一次收购是2016年4月，其从武汉天龙投资集团有限公司、自然人阎泓冶手中收购了黄鹤楼酒业51%股权，耗资8.16亿元，形成商誉4.78亿元。

JIAOYIDUIFANGCHENGNUO，HUANGHELOUCONG2017NIANDAO2021NIAN，FENBIESHIXIANYINGYESHOURU8.05YIYUAN、10.06YIYUAN、13.08YIYUAN、17.01YIYUAN、20.41YIYUAN。TONGSHIXIAOSHOUJINGLILVBUDIYU11%，NIANFUHEZENGSUYUEZAI25%ZUOYOU。

QIANJINIANHUANGHELOUYIZHISHI“CAXIAN”WANCHENGYEJICHENGNUO。2019NIANYINGYESHOURUWANCHENGLVWEI100.15%，JINGLILVWEI11.15%，BICHENGNUOSHUZHIGAOCHU0.15GEBAIFENDIAN。ANZHAOCHENGNUO，2020NIANHUANGHELOUJIUYEXUYAOSHIXIANZHISHAO17.01YIYUANYINGSHOU，1.87YIYUANJINGLIRUN。SHUJUXIANSHI，HUANGHELOUZAIJINNIANSHANGBANNIANJINYINGSHOU1.81YIYUAN。

YENEIRENSHIBIAOSHI，HUANGHELOUJIUYEDICHUHUBEI，SHOUYIQINGCHONGJIJIAODA。MUQIANSUIRANYIJINGHUIFULESHICHANGXIAOFEIFENWEI，DANHUANGHELOUSHANGBANNIANJINWANCHENGCHENGNUOYEJIDESHIFENZHIYI，XIABANNIANYAOWANCHENGJIUCHENGDEYEJICHENGNUO，ZECUNZAIXIANGDANGDADETIAOZHAN。

ZHIDEYITIDESHI，GUJINGGONGJIUZAI11YUE13RIFABULEDINGZENGYUANGONGGAO。GONGGAOCHENG，NIDINGZENGMUZIBUCHAOGUO50YIYUAN，KOUCHUFAXINGFEIHOUQUANBUTOURUGONGSINIANGJIUSHENGCHANZHINENGHUAJISHUGAIZAOXIANGMU，XIANGMUJIANCHENGHOU，JIANGXINGCHENGNIANCHAN6.66WANDUNYUANJIU、28.40WANDUNJIJIUCHUCUN、13WANDUNCHENGPINGUANZHUANGNENGLIDEXIANDAIHUAZHINENGYUANQU。

GUJINGGONGJIUZAIDINGZENGYUANZHONGBIAOSHI，GONGSICHUYUBAIJIUJINGZHENGJILIEDEANHUISHENG，SHENGNEIBAIJIUSHENGCHANQIYEZHONGDUO，CIWAI，SUIZHEJINNIANLAISICHUAN、JIANGSUDENGQUYUDEBAIJIUQIYEDUIGONGSIXIANYOUSHICHANGDEBUDUANSHENTOU，SHICHANGJINGZHENGRIQUJILIE。RUGUOWEILAISHICHANGJINGZHENGJINYIBUJIAJU，GONGSIRUOBUNENGJISHIYINGDUISHICHANGHUANJINGDEBIANHUA，QISHICHANGZHANYOULVHEYINGLINENGLIJIANGCUNZAIXIAJIANGDEFENGXIAN。GENJUZHONGTAIZHENGQUANDEYANBAOSHUJU，ZAIANHUISHENGNEI，2019NIANGUJINGGONGJIUSHICHANGZHANLVYUEWEI24%。

此外，古井贡酒还表示，受益于消费升级，居民对于品牌和品质的要求逐年升级，高端与次高端白酒销量提升，与中低端白酒反差鲜明。相对于高端白酒稳定的竞争格局，次高端白酒行业格局尚未确定，未来次高端白酒的营业收入将进入放量期。

JUGUJINGGONGJIU2020NIANSANJIBAOXIANSHI，JIEZHIJINNIANQIANSANJIDU，GONGSISHIXIANYINGYESHOURU80.69YIYUAN，TONGBIJIANGDI1.63%;JINGLIRUNWEI15.38YIYUAN，TONGBIJIANGDI11.71%。QIZHONG，DISANJIDUSHIXIANYINGYESHOURU25.5YIYUAN，TONGBITISHENG15.13%;JINGLIRUNWEI5.13YIYUAN，TONGBITISHENG3.94%。

GUOXINZHENGQUANYANBAORENWEI，SANJIDUYILAISHENGNEIDONGXIAOHUIFUXIANGHAO，GONGSIBENBUDINGDANZENGSUWEICHIZAISHUANGWEISHUYISHANG，QUDAOKUCUNZHUBUXIAOHUA，HUANBIERJIDUYOUSUOGAISHAN。DUANQILAIKAN，SUIZHEXIAOFEIFUSU，GUJINGBENBUJIHUBEIHUANGHELOUDONGXIAOZHUBUXIANGHAO，DANGQIANKUCUNDIWEIQINGKUANGXIASIJIDUYIJICHUNJIEBIANJIGAISHANQUEDINGXINGGAO。CONGZHONGZHANGQIKAN，GUJINGZUOWEIANHUISHENGNEIBAIJIULONGTOU，JIANGCHIXUXIANGSHOUXIAOFEISHENGJIYIJIJIZHONGDUTISHENGDAILAIDEHONGLI，TONGSHISHENGWAIFANQUYUKUOZHANGYEJIANGLUXUTUIJIN。