On April 11, Zhongjing Food Co.Ltd(300908) announced that the revenue in 2021 was 806 million yuan, a year-on-year increase of 10.95%, but the net profit attributable to shareholders of listed companies was 119 million yuan, a year-on-year decrease of 7.33%.
This is the first decline in Zhongjing Food Co.Ltd(300908) net profit since 2016. From 2016 to 2020, the net profit of Zhongjing Food Co.Ltd(300908) was 758721 million yuan, 793615 million yuan, 815339 million yuan, 916381 million yuan and 128 million yuan respectively.
Specifically, the income of seasoned food was 417 million yuan, a year-on-year increase of 6.86%, but the gross profit margin was 35.94%, a year-on-year decrease of 6.44%. The revenue of seasoning ingredients was 383 million yuan, a year-on-year increase of 14.74%. The gross profit margin was 42.23%, with a year-on-year increase of 2.46% Zhongjing Food Co.Ltd(300908) overall gross profit margin was 38.95%, down 2.23% year on year.
However, the operating costs of Zhongjing Food Co.Ltd(300908) are growing faster. In 2021, the operating cost reached 489 million yuan, an increase of 14.68% year-on-year. Among them, the cost of seasoning food reached 267 million yuan, up 18.8% over the same period last year. The direct labor cost department increased by 38.39%; The manufacturing cost increased by 42.26% and the transportation cost increased by 23.14%.
The cost of seasoning ingredients reached 221 million yuan, a year-on-year increase of 10.06%. The direct labor cost increased by 34.75%; Manufacturing expenses increased by 31.89%.
The financial report shows that the purchase price of Zhongjing Food Co.Ltd(300908) raw materials green pepper / green red pepper increased by 44.51% compared with the same period last year, mainly due to the obvious reduction of production in Pepper producing areas due to weather factors; Affected by changes in the international market, the purchase price of soybean oil increased by 43.41% over the same period last year, resulting in an increase in operating costs.
