BK0935 Seasoned Fermented Products II
- 536.427
- +7.832+1.48%
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.
Net profit increased by more than 30% and still falls short of the target at the beginning of the year Tianwei Food: Channel inventory for about 1-2 months
① In 2023, Tianwei Foods achieved operating revenue of 3.149 billion yuan, an increase of 17.02% over the previous year, and achieved net profit of 449 million yuan, an increase of 31.26%; ② Q4 terminal sales fell short of expectations, and the company failed to achieve the annual revenue growth target previously set; ③ A financial news agency reporter called the company's securities department to learn that the current channel inventory is healthy, about 1-2 months overall.
Do investors prefer computing power? Lotus Health: The first batch of procurement servers has arrived | Direct access to the performance meeting
① At the performance briefing held by Lotus Health, investors frequently asked questions about computing power and business transformation; ② The company stated that the first batch of servers purchased from Xinhua-3 has arrived, and computing power leasing orders are currently being negotiated; ③ Lotus Health's cross-border stock price has risen 1.17 times over a month due to computing power, and the executive ruling received in mid-October has put a “brake on” its gains.
The average price of soy sauce with zero additives “rolled up” and the market share of the low-price Qianhe flavor industry was overtaken by Haitian|Industry News
① According to the data, zero-added soy sauce fell by about 4.08 yuan/liter compared to last year's Q1, but benefiting from lower prices of packaging materials, raw materials, etc., the gross margin of the product was maintained; ② The market share of the Qianhe flavor industry loosened, and the Haitian flavor industry caught up. Analysts said that Haitian is in the recovery phase this year, while Qianhe's market rate is still rising.
“Sauce Mao” regressed? Net decrease of 397 dealers, Haitian flavor industry recovery falls short of peers | Financial Report Interpretation
① The revenue of the Haitian flavor industry stabilized, and the decline in net profit to mother was narrower than in the first half of the year. ② The number of dealers in Haitian Flavors at the end of the third quarter was 6,775, a net decrease of 397 from the beginning of the year. Meanwhile, Zhonghe Hi-Tech's net number of dealers increased by 107 to 2,110 in the first three quarters, and Qianhe Flavour had a net increase of 833 to 3,063 dealers in the first three quarters.
Angel Yeast: The price of molasses in the new pressing season is expected to fall back into overseas new production capacity construction plans | Direct impact on the performance meeting
① Xiong Tao, chairman of Angel Yeast, predicts that the price of the new pressing season will decline somewhat due to the partial replacement of hydrolyzed sugar and the increase in sugar cane cultivation area; ② Xiong Tao explained that the company's two overseas subsidiaries are currently expanding production capacity, and it is expected that they will be completed and put into operation one after another from the end of this year to next year, while also planning the next step in the construction of new overseas production capacity.
Raw material costs are under pressure, Fuling Mustard's net revenue and profit both fell in the first three quarters | Financial Report Interpretation
① In the first three quarters, Fuling Mustard achieved operating income of 1,952 billion yuan, down 4.61% year on year, and realized net profit of 659 million yuan, a year-on-year decrease of 5.34%; ② Looking at the split quarter, the Q3 revenue decline narrowed, and net profit returned to growth; ③ Looking ahead to the market, the company said that future vegetable head prices will rise steadily within a reasonable range along with CPI and long-term agricultural product price trends.
Net profit increased by more than 40% in Q3 Tianwei Foods also focused on “zero additives” | Financial Report Interpretation
① Tianwei Foods achieved revenue of 2,234 billion yuan in the first three quarters, an increase of 17.04% over the previous year, and realized net profit of 320 million yuan, an increase of 31.16% over the previous year; ② The performance of the hot pot seasoning business stalled in the third quarter. Judging from new products, the company still focused on hot pot ingredients and focused on “zero additions”
Zhongju Hi-Tech's Q3 net profit increased by more than 60%, and “China Resources” executives took office | Financial Report Interpretation
① In the third quarter, when revenue remained stable, Zhongju Hi-Tech's net profit increased by more than 60%. ② The company revealed that a number of “China Resources” executives will take office. ③ Chen Xiaolong, an investor in the food and beverage industry, believes that the popularity of condiments in Q4 will be better than in previous quarters, but it won't be too optimistic.
A-share listed company announces participation in the Hong Kong-listed cornerstone investment of “Hot Pot Circle Food Exchange”
Hengshun Vinegar (600305.SH) announced on Tuesday (October 17) that the company plans to subscribe with Xinxin Co., Ltd., a wholly-owned subsidiary of the controlling shareholder, as the cornerstone investor, Guoquan Food (Shanghai) Co., Ltd. (“Guoquan Food Exchange) Co., Ltd. (“Guoquan Food Exchange”) for the first public offering of shares on the Hong Kong Stock Exchange Limited. The estimated subscription amount for the company will not exceed US$6.5 million. This amount does not include brokerage commissions, Hong Kong Stock Exchange transaction fees, Hong Kong Securities and Futures Commission transaction levies, Financial Reporting Council transaction levies, etc.
Financial case | After a lapse of 12 years, why was CDB's recovery of old debts from “influencer” Lotus Health finally rejected? Lawyer: Violates the principle of fairness in bankruptcy law
① An inquiry by a reporter from the Financial Services Federation revealed that the incident involved an old credit account of more than 90 million dollars between CDB's Henan branch and Lotus Health before bankruptcy and restructuring. After 2021, the Henan branch of CDB “revisits the past” in an attempt to continue to recover the remaining balance of this aged loan. ② Senior lawyers believe that the bank's claim was not supported by the court and is related to Lotus's bankruptcy and restructuring process, and that the court's decision is in line with the principles of fairness and justice.
[Looking at the data] IF period indicates that bears have drastically increased their positions northbound and quantified capital to sell Haitian flavor
① IF period indicates that the main contract short positions have been increased by more than 4,000 lots, and the number of additional positions is clearly greater than the number of long positions added. ② The Haitian flavor industry, which plummeted today, had a net sale of 495 million dollars from northbound capital. In addition, two quantitative capital companies sold the stock.
Beishui added stores to Tencent for 7 consecutive days, totaling more than HK$4 billion; Nanshui swept goods of nearly 900 million yuan in the Ningde era
Southbound Capital made net purchases of HK$6.778 million today, with China Construction Bank having the highest net sales volume of HK$303 million; Northbound Capital made net purchases of $1,687 million today, while Kunlun Wanwei and China Taibao received net purchases of $546 million and $236 million respectively.
Beishui sold Tencent nearly HK$1.2 billion, adding China Mobile to over HK$300 million; Nanshui sold BYD over 300 million yuan
Southbound Capital made net purchases of HK$470 million today. Profit Fund and Great Wall Motor received net purchases of HK$407 million and HK$230 million respectively; Northbound Capital made net purchases of $1,854 million, and Tongwei Co., Ltd., Sany Heavy Industries, and Kweichow Moutai received net purchases of $341 million, $257 million, and $224 million respectively.