Report summary:
Q4 performance of Henan Liliang Diamond Co.Ltd(301071) 2021 is expected to exceed expectations, and capacity expansion is worth looking forward to
The company released the performance forecast for 2021 on December 9. During the reporting period, the company is expected to realize a net profit attributable to the parent company of RMB 232 ~ 245 million, a year-on-year increase of + 217% ~ + 235%; Among them, it is estimated that the company's Q4 single quarter performance is 70.4325 million yuan ~ 83.4325 million yuan, a year-on-year increase of + 138% ~ + 182%; It is expected to achieve basic eps4 72 ~ 4.98 yuan. Since Q4, with the completion of production line upgrading, the company's production and operation has entered a stable stage. At the same time, thanks to the increase in the proportion of high-grade cultivated diamonds of more than 3 carats, the product structure is improved, and the demand for superimposed diamond single crystal price rise + photovoltaic driven micro powder is increased. The company's Q4 performance is expected to achieve high elastic growth, and the annual performance also exceeds the previous market expectations.
In November, the skin care sector grew steadily online, while the cosmetics sector declined slightly
According to the sales volume and sales volume of tmall flagship store in November disclosed by magic mirror data, the sales volume of skin care sector increased by 13.0% year-on-year, Gmv increased by 11.9% year-on-year and 508.6% month on month; The sales volume of cosmetics sector decreased by 4.4% year-on-year, Gmv decreased by 5.6% year-on-year and increased by 243.4% month on month. In terms of brands, foreign brands grew steadily, domestic brands differentiated, and effective skin care products performed well. Specifically: ① Bloomage Biotechnology Corporation Limited(688363) : the sales volume of runbaiyan and Gmv increased by 14.5% and 1.6% respectively year-on-year; The sales volume of kwadi and Gmv increased by 366.4% and 487.9% respectively year-on-year; The sales volume of mibel and Gmv increased by 345.9% and 355.0% respectively year-on-year; The sales volume of bio meso muscle activity and Gmv increased by 96.9% and 186.9% respectively year-on-year; ② Giant biology: the sales volume of kelikin brand and Gmv increased by 111.6% and 248.5% respectively year-on-year; ③ Chuang Er biology: Chuang Er Mei's sales volume decreased by 38.9% year-on-year, and Gmv increased by 23.4% year-on-year; ④ Lushang Health Industry Development Co.Ltd(600223) : Yilian brand sales and Gmv increased by 14.3% and 1.4% respectively year-on-year; The sales volume of Dr. Li'er and Gmv increased by 72.8% and 89.7% respectively year-on-year.
This week's view
The recovery of the retail sector accelerated, the consumer index rebounded, and the double 11 beauty industry maintained a high growth state. The head domestic cosmetics ( Bloomage Biotechnology Corporation Limited(688363) , Yunnan Botanee Bio-Technology Group Co.Ltd(300957) , Proya Cosmetics Co.Ltd(603605) , Shanghai Jahwa United Co.Ltd(600315) ) were mainly recommended; India's diamond cultivation data in October reflected the future development space of the industry and continued to recommend China's industrial chain companies ( Henan Liliang Diamond Co.Ltd(301071) ).
Risk statement
The overall consumer demand is weak, the industry competition intensifies, the leading exhibition stores are less than expected, and the investment in marketing, innovation and Exhibition stores of listed companies has increased significantly.
