Can the myth of “sauce mao” continue? Haitian Flavour Industry's net profit double reduction plan last year's performance returns to double digit growth rate|Financial Report Interpretation
① Haitian flavor industry's performance stalled last year, and sales of the three major products declined. ② Haitian Flavors Q1 net revenue increased by double digits year on year, and set targets for revenue and net profit expectations of about 12.02% and 10.72% year-on-year growth respectively for this year, which is to return to the growth rate at the beginning of the listing.
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.
Last year's net revenue and profit both fell in Fuling Mustard: the price of raw materials fell this year, reflected in May and June on the cost side | Annual Report Interpretation
① Fuling Mustard achieved operating income of 2,450 million yuan in 2023, down 3.86% year on year; net profit to mother was 827 million yuan, down 8.04% year on year; ② The company's securities department staff told the Financial Federation reporter that the purchase price of green cabbage head fell to about 800 yuan/ton year on year. The impact on the cost side of use in the second half of this year and the first half of next year is expected to begin to be reflected in May and June.
Tianwei Food: Prices of raw materials are expected to fall steadily and the net profit target for this year is no less than 20% year-on-year increase | Direct performance
① The sales volume of the hot pot seasoning business fell 3.4% in 2023. He Changjun, director of the company, responded that the sales volume of Dahongpao Hot Pot Seasoning fell short of expectations; ② Referring to this year's market sales situation, He Changjun said that the terminal sales situation was normal, and that the price of raw materials is expected to drop steadily from 23 in 2024, but there is not much room.
Is the amount of oyster sauce falsified 10 times and defrauded of about 200 million yuan in state subsidies? Zhongju Hi-Tech responds to Chubang's “whistleblower” reports: these are all false reports
① Zhonghu Hi-Tech has fallen into a “fraud” crisis due to a real-name report from the subsidiary's former production director. An announcement was issued this evening clarifying that the market rumors were all false reports with no factual basis. ② According to breaking news, Chubang's delicious fresh series oyster sauce accounts for only 1.6%, but it is falsely labeled that the amount of oyster sauce used has increased tenfold. ③ Last year, the company became the focus of the market due to a control dispute, and the land contract dispute lawsuit has just come to an end.
New Consumer Daily | Amafen Sports, a subsidiary of Anta, raised up to 1.8 billion US dollars for an IPO in the US; Marumi Co., Ltd. and Tianwei Foods disclosed a pre-increase in net profit in 2023; Oriental Choice Overseas will cooperate with TikTok...
New Consumer Daily, January 22. The main contents of today's New Consumer Daily include: in 2023, the postal industry completed a total delivery business volume of 162.48 billion pieces; Maotai and Lucky Coffee collaborated to sell “Dragon Year Sauce-flavored Chocolate” drinks; and Chabaidao established a high-end tea production company.