On March 17, Chongqing Fuling Zhacai Group Co.Ltd(002507) ( Chongqing Fuling Zhacai Group Co.Ltd(002507) , SZ), known as “Mustard grass”, released the annual report of 2021. In 2021, the company achieved an operating revenue of about 2.519 billion yuan, a year-on-year increase of 10.82%; The net profit attributable to the parent and net profit deducted from non attributable to the parent were 742 million yuan and 694 million yuan respectively, with a year-on-year decrease of 4.52% and 8.49% respectively.
Why did the company increase revenue but not profit in 2021? On March 18, the reporter of “daily economic news” called Chongqing Fuling Zhacai Group Co.Ltd(002507) , and the staff replied that it was mainly due to the rise in the price of raw materials and the increase in the cost of the company’s brand.
