Affected by the sharp decline in net profit, on Wednesday Yihai Kerry Arawana Holdings Co.Ltd(300999) jumped short and opened low, and finally closed down 4.45%. The daily turnover surged to 1.449 billion yuan, the first daily turnover of more than 1 billion yuan since January 14 this year.
On February 22, Yihai Kerry Arawana Holdings Co.Ltd(300999) recognized as “Youmao” by the market released the performance express of 2021. The performance express shows that the company achieved an operating revenue of 226.23 billion yuan in 2021, a year-on-year increase of 16.1%; However, the net profit attributable to shareholders of the parent company was 4.13 billion yuan, a year-on-year decrease of 31.1%. According to the third quarterly report of Yihai Kerry Arawana Holdings Co.Ltd(300999) last year, the company achieved a net profit of 3.681 billion yuan in the first three quarters, that is, the net profit in the fourth quarter of last year dropped sharply to 451 million yuan.
In this regard, Yihai Kerry Arawana Holdings Co.Ltd(300999) explained that the cost of raw materials increased significantly during the reporting period, and the production and operation cost of the company was higher than that in the same period last year. Although the company raised the selling price of some products, it did not fully cover the rise in the cost of raw materials, and the profit decreased year-on-year. In addition, the intensified market competition and the factors of weak consumption have greatly affected the sales volume of the company’s medium and high-end retail products. The above factors led to the growth of the company’s sales volume and revenue, but the profit decreased.
According to the data, as of the 10th of this month, Yihai Kerry Arawana Holdings Co.Ltd(300999) had 204000 shareholders. According to the latest financial report, there are six public funds with heavy positions Yihai Kerry Arawana Holdings Co.Ltd(300999) , of which the Chinese Thai food and beverage industry (LOF) holds the largest number of 1.8726 million shares, with a market value of 118 million yuan, accounting for 0.34% of the value of the circulating stock market; Dacheng Fund’s four products, Dacheng Jinglu flexible allocation mix, Dacheng Jingrun flexible allocation mix, Dacheng trend return flexible allocation mix and Dacheng dynamic quantitative allocation strategy mix, hold nearly 400000 shares in total, with a market value of nearly 25 million yuan.
After the listing of Yihai Kerry Arawana Holdings Co.Ltd(300999) , Lin Yuan, the “folk stock god”, has repeatedly expressed his optimism for it and actively built positions. Many of its invested products have entered the list of the top ten shareholders of Yihai Kerry Arawana Holdings Co.Ltd(300999) . By the end of the third quarter of 2021, four private products of 10 billion private forest park investment had entered the top ten circulating shareholders of Yihai Kerry Arawana Holdings Co.Ltd(300999) , holding nearly 4.47 million shares in total. Among them, private equity fund No. 166 of Linyuan investment holds 1352100 shares, No. 158 of Linyuan investment holds 1208000 shares, and No. 24 and No. 130 of Linyuan investment hold 999600 and 909200 shares respectively. On the 24th, the net value of Linyuan investment has fallen by 11.56% this year and 20.35% in the latest year; The net value of Linyuan investment No. 130 has fallen by 10.37% this year and 22.12% in the recent year.
According to the company’s financial report, Linyuan investment No. 12 and Linyuan investment No. 158 entered the list of the company’s top ten tradable shares in the fourth quarter of 2020, of which the latter also increased their positions in the first and second quarters of last year. Combing the timeline, at the end of 2020, two funds of Linyuan investment No. 12 and No. 158 appeared in the list of the top ten circulating shareholders of Yihai Kerry Arawana Holdings Co.Ltd(300999) ; In the first quarter of 2021, Linyuan investment disappeared on the 12th, increased its position on the 158th, and entered new positions on the 166 and 24; At the end of the third quarter of 2021, No. 130 of Linyuan investment also entered the list of Yihai Kerry Arawana Holdings Co.Ltd(300999) top ten circulating shareholders. From the performance of Yihai Kerry Arawana Holdings Co.Ltd(300999) secondary market, its share price fluctuated and fell after hitting a record high of 145.51 yuan in January 2021. According to the closing price on Wednesday, the range fell by nearly 63%. The market speculates that the above positions will be built at the end of 2020 and the beginning of 2021.
However, there are still people in the industry who are optimistic and give a “recommended” rating. Xiong hang, an analyst at Minsheng securities, commented that the valuation of Yihai Kerry Arawana Holdings Co.Ltd(300999) 2022 was slightly lower than the overall level of the condiment sector by 45 times, and the company was a leading enterprise in the kitchen food industry. Edible oil, rice noodles and other products had strong scale advantages and brand effect. In the future, the company’s new production capacity will be put into operation one after another, and will actively expand relevant product categories, with good medium and long-term growth. Fu Rong, an analyst at Guosheng securities, believes that Yihai Kerry Arawana Holdings Co.Ltd(300999) actively develops new high growth and complementary businesses such as central kitchen, soy sauce, vinegar and yeast, effectively reduces production, logistics and marketing costs and creates profit increment. For the central kitchen project, Hangzhou factory is expected to have output in March, which is expected to provide a new driving force for the company’s performance growth.
