Fuling Mustard (002507): Good cost control and improved profitability
Incidents. The company released its 2024 quarterly report: 24Q1 achieved total operating revenue of 749 million yuan, -1.5% year-on-year, and net profit to mother of 272 million yuan, +3.9% year-on-year. Under the high base, Q1 revenue is under pressure.
Fuling Mustard (002507): Dual Development Strategy Promotes Steady Performance
Incident: 24Q1 The company's operating revenue/net profit attributable to mothers/net profit after deduction of net profit not attributable to mother were $749/2.72/259 million (-1.53%/+3.93%/+6.29%), respectively. New leadership, new climate, strategy
Fuling Mustard (002507): Q1 revenue is under pressure in the short term, and Q2 cost dividends are expected to be gradually released
Revenue from the 2024 quarterly report was in line with expectations, and profit slightly exceeded expectations. The company released the 2024 quarterly report. 2024Q1 Company's revenue/net profit to mother: 750 million yuan/270 million yuan (YoY -1.5%/+3.9%)
Fuling Mustard (002507): Sales performance is still under pressure, spending cuts to boost profits
Core view The company's 24Q1 revenue side still declined year-on-year. The main reason is that market demand is still slowly recovering, compounded by the impact of the high sales base for the same period last year. In terms of profit, the company's gross margin declined year-on-year, mainly due to the current use of last year's procurement
Fuling Mustard (002507): Performance slightly exceeded expectations and waited to rebound
Guide to this report: 2024Q1's performance slightly exceeded expectations. Looking forward to the future, the company is actively expanding its new sauce products, and the gradual formation of a second growth curve is expected to help the company overcome its current growth difficulties. Investment Essentials: Maintaining an “Overweight” rating.
Fuling Mustard (002507) Quarterly Report Review: Short-term Growth Pressures Rates Significantly Optimized
Incident: The company released its 2024 quarterly report. In 24Q1, the company achieved revenue of 750 million yuan, -1.5% year over year; realized net profit of 270 million yuan, +3.9% year on year; realized net profit of 260 million yuan after deduction of non-return to mother
Fuling Mustard (002507): Steady recovery in performance and continuous development of catering channels
On April 26, 2024, Fuling Mustard released its performance report for the first quarter of 2024. Key investment results were in line with expectations, and cost/expense optimization boosted profits. The company's total revenue in 2024Q1 was 749 million yuan (down 2% from the same period
Fuling Mustard (002507): Q1 revenue is under pressure and is expected to gradually improve
Revenue declined under a high base, and net profit increased 24Q1 revenue/net profit attributable to mother/net profit of 7.5/2.7/260 million, -1.5%/+3.9%/+6.3% year-on-year. The year-on-year decline in company revenue was 23Q
Express News | Fuling Mustard: Net profit for the first quarter was 270 million yuan, up 3.93% year on year.
Express News | Fuling Mustard enters pre-prepared cuisine and has developed products such as instant mustard soup
Fuling Mustard (002507.SZ): Currently, the company is not participating in the acquisition and production of raw materials for the “Kai Wei Talk” product
Gelonghui, April 16, 丨 Fuling Mustard (002507.SZ) said on the investor interactive platform that the company currently cooperates in the snack food category through a brand partnership. The “Kaiweidou” brand series products include products such as peanuts, garlic sauce, peanut butter, chili sauce, etc., and you are welcome to buy. Currently, the company is not involved in the acquisition and production of raw materials for “Kai Wei” products. In the future, it will optimize the snack food cooperation model according to the company's strategic plan.
Demand falls short of expectations, intensifies competition in the industry, and Fuling Mustard plans to enter pre-prepared cuisine|Direct impact on performance
① Affected by factors such as macro-level consumer demand falling short of expectations and increased competition in the industry, Fuling Mustard's mustard sales declined slightly in 2023; ② Fuling Mustard's general manager Zhao Ping explained that currently the direction of pre-prepared dishes from Sichuan and Chongqing is in the R&D, commissioning and market research stage, and new products such as mustard instant soup have been developed to closely follow market conditions and strategic promotion schedule plans; ③ The company plans to expand to third- and fourth-tier cities to explore market growth.
Fuling Mustard (002507.SZ): It has now expanded leisure products through brand partnerships
Gelonghui, April 9 | Fuling Mustard (002507.SZ) said on the investor interactive platform that the company has now expanded leisure products through brand partnerships, launched the “Cui Xiaocai” snack category in 2022, and launched the “Kai Wei Talk” series of products in 2023; at the end of 2023, the company launched three flavors of “Wujiang Little Crispy” products, which can be used as both a meal and a snack. In the future, the company will continue to optimize and lay out a casual snack product matrix centered on mustard.
Fuling Mustard (002507.SZ): At present, the company's products have been sold to more than 80 countries and regions
Gelonghui, April 9, 丨 Fuling Mustard (002507.SZ) said on the investor interactive platform that the company has had a foreign market layout for many years and established Chongqing Daoshengheng International Trade Co., Ltd. in June 2020 to specialize in overseas markets. Currently, the company's products have been sold to more than 80 countries and regions.
Fuling Mustard (002507.SZ): The production equipment required for the production of mustard sauce products has not yet been completed
Gelonghui, April 9 | Fuling Mustard (002507.SZ) said on the investor interactive platform that the production equipment required for the production of the company's mustard sauce products has not yet been completed. At the same time, the current production tonnage of mustard sauce is small, and the company's own production costs are high.
Fuling Mustard (002507): Short-term profit pressure continues to sell new mustard sauce
Key investment results: Achieved revenue of 2.45 billion yuan (-3.9%) in '23; net profit to mother of 827 million yuan (-8.0%); net profit after deducting non-return to mother of 756 million yuan (-7.6%); achieved in 23Q4
Fuling Mustard (002507) Company Information Update Report: Dawujiang Strategy Continues to Advance, Profitability Is Expected to Improve in 2024
The 2023 annual report is in line with expectations, and profitability is expected to improve in 2024. The company publishes the 2023 annual report: revenue/net profit to mother of 2.40/ 8.3 billion yuan (-3.9%/-8.0% YoY); 2023Q4
Fuling Mustard (002507): Suppressing factors are expected to ease 24-year performance recovery
Incident: The company released its 2023 annual report. In 2023, the company achieved revenue of 2.45 billion yuan, -3.9% year on year; net profit to mother of 827 million yuan, -8.0% year on year; net profit not attributable to mother 7.56 million yuan
Fuling Mustard (002507): Continued efforts to reduce costs in the multi-category matrix are expected to boost gross profit
Incidents. The company released its 2023 annual report: in 2023, the company achieved total operating revenue of 2.45 billion yuan, -3.9% year-on-year, and net profit to mother of 827 million yuan, -8.0% year-on-year, of which the Q4 single-quarter company actually
Fuling Mustard (002507) Annual Report Review Report: Demand needs to be repaired, cost dividends can be expected
Incident: The company released its 2023 annual report. In 2023, it achieved revenue of 2.45 billion yuan, -3.9% year on year; realized net profit of 830 million yuan, or -8.0% year on year; realized net profit of 760 million yuan without return to mother, same
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