Subject to weak demand and rising costs, the performance growth rate of Foshan Haitian Flavouring And Food Company Ltd(603288) 2021 fell to single digits

On March 25, Foshan Haitian Flavouring And Food Company Ltd(603288) ( Foshan Haitian Flavouring And Food Company Ltd(603288) . SH) released its annual report for 2021. The operating revenue increased by 9.71% and the net profit attributable to the parent company increased by 4.18%. These two indicators have exceeded 15% in the past four years, but rarely fell to single digits in 2021.

The market value of Foshan Haitian Flavouring And Food Company Ltd(603288) has fallen by about 3% within one week after the release of the financial report. In the financial report, Foshan Haitian Flavouring And Food Company Ltd(603288) frankly said that 2021 was “facing unprecedented challenges” and adopted the strategy of “seizing increment from stock” in the face of market changes.

The reporter of the daily economic news found that in the past year, the aftermath of covid-19 epidemic has not subsided, consumer demand is weak, the prices of various raw materials have risen, community group buying and other emerging channels have sprung up, and the whole consumer goods market is facing great enemies Foshan Haitian Flavouring And Food Company Ltd(603288) last year, the gross profit margin decreased by 3.73 percentage points and the net profit margin decreased by 1.44 percentage points, which significantly reduced the profit space.

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