The annual report of “soybean milk king” V V Food & Beverage Co.Ltd(600300) ( V V Food & Beverage Co.Ltd(600300) ) is fresh.
In the past year, V V Food & Beverage Co.Ltd(600300) achieved an operating revenue of 4.568 billion yuan and a net profit of 223 million yuan. It is particularly noteworthy that the net profit of the company after deducting non-alcoholic drinks was 219 million yuan, with a year-on-year increase of 259.54%, which also shows that the company is gradually on the fast lane of development after “abstinence”. The company plans to distribute a cash dividend of 0.3 yuan (including tax) for every 10 shares to all shareholders.
On the same day, the company also announced that it planned to jointly establish an investment fund for food and beverage and modern agricultural industry with the controlling shareholders Xinsheng group and Guolian investment. The scale of the fund is 1 billion yuan, with V V Food & Beverage Co.Ltd(600300) subscribed capital of 50%. The company said that this move is to promote the transformation and upgrading of real enterprises, accelerate the high integration of financial capital and industrial resources, and cultivate new growth drivers of enterprises.
In 2021, V V Food & Beverage Co.Ltd(600300) experienced a major milestone in its development. Weisheng group became the controlling shareholder of the state-owned Weisheng group, and became the supervisory committee of the people’s Government of Xuzhou, holding 12.9% of the company’s assets.
After state-owned assets holding, V V Food & Beverage Co.Ltd(600300) has more advantages in policy, capital and resources. While consolidating the market share of bean milk powder, the company continued to develop the vegetable protein beverage market, vigorously developed grain acquisition, storage, processing and trade business, and further consolidated the strategic layout of “one body, two wings and dual core drive”.
In the past year, V V Food & Beverage Co.Ltd(600300) achieved an operating revenue of 4.568 billion yuan and a net profit of 223 million yuan. It is particularly noteworthy that the company’s net profit after deducting non-profit was 219 million yuan, with a year-on-year increase of 259.54%.
V V Food & Beverage Co.Ltd(600300) said that next, the company will continue to focus on the strategy of “ecological agriculture, big grain and big food”, intensively cultivate the main industries of food, beverage and grain, steadily promote the gradual implementation of the development strategic plan of “double 10 billion industry drives 100 billion industrial clusters”, and closely link the local economic development of Xuzhou with the development of enterprises, “Strive for the grain and food and beverage industries to exceed 10 billion, and build a 100 billion grain, oil and food industry cluster in Xuzhou through the leadership of the government and the drive of Weiwei.”
After Xinsheng group took over, the industrial synergy between V V Food & Beverage Co.Ltd(600300) and the controlling shareholder further appeared.
On the same day, the company disclosed the announcement on the establishment of food, beverage and modern agricultural industry investment fund, and planned to establish an industrial investment fund in the form of limited partnership with Xinsheng group and Guolian Tongbao Capital Investment Co., Ltd. (hereinafter referred to as “Guolian investment”), and the fund name is tentatively determined as “Weiwei food, beverage and modern agricultural industry investment fund”, With a scale of 1 billion yuan, Weiwei Co., Ltd. subscribed 50% as a limited partner, Xinsheng group subscribed 30% as a limited partner and Guolian investment subscribed 20% as a general partner.
The announcement shows that the fund will focus on the company’s main business, upstream and downstream of the industrial chain and future strategic planning, focusing on investment in food and beverage, new consumption, agriculture and other fields. The company emphasizes that this investment is conducive to finding and reserving high-quality project resources with the help of professional investment institutions, actively expanding projects with good development prospects, promoting the long-term development of the company, which is in line with the company’s future development strategy and the interests of all shareholders.
