Only 14 trading days after the company’s board of directors passed the repurchase proposal, Jiajia Food Group Co.Ltd(002650) quickly spent more than 20 million yuan to complete the initial repurchase. Jiajia Food Group Co.Ltd(002650) the relevant person in charge said that the company will promote all repurchase plans according to the market conditions for the source of shares for the company’s later implementation of employee stock ownership plan or equity incentive.
On January 8, “the first share of soy sauce” Jiajia Food Group Co.Ltd(002650) announced that for the first time, the company has repurchased 3.2648 million shares of the company through a centralized bidding transaction through a repurchase special securities account, accounting for about 0.28% of the total share capital of the company. The highest transaction price of the repurchase is 6.29 yuan / share, the lowest transaction price is 6.11 yuan / share, and the total transaction amount is 20.3169 million yuan.
According to the review announcement, on December 17, 2021, the board of directors of the company considered and approved the share repurchase plan, and planned to use its own funds to repurchase the company’s shares in the form of centralized bidding transaction. The repurchase amount shall not be less than 200 million yuan (inclusive) and not more than 300 million yuan (inclusive), and the repurchase price shall not exceed 845 yuan / share.
Since November 2021, Jiajia Food Group Co.Ltd(002650) has acted frequently. Following the tiktok price increase, it also launched strategic cooperation with upstream Snowsky Salt Industry Group Co.Ltd(600929) , and increased investment in online sales expansion. It intends to set up a controlling subsidiary, positioning the soy sauce based seasoning production and promoting and selling new Xingping platforms such as jitter, fast hand, little red book, Tmall, Jingdong and other Kwai Tong, and offering share repurchase in order to repay investors and optimize the governance structure. Stabilize the stock price.
Statistics show that since November 2021, the company’s share price has increased by nearly 60%, ranking first in the seasoning sector in the whole year of 2021.
Jiajia Food Group Co.Ltd(002650) series of positive measures have also attracted great attention of the seller’s organization. The latest company research report released by Zheshang Securities Co.Ltd(601878) points out that the company will return to the main seasoning business and focus on the large single product of “salt reduced” soy sauce from 2019. 2021 is the year for the company to deepen its reform and layout. With the recovery of end demand in 2022, the dynamic sales and channel expansion of the company’s large single product of “salt reduced” soy sauce are expected to drive the performance to exceed expectations, and the net profit is expected to increase significantly in the next two years, “Buy” rating for the first time.
Since November 17, 2021, according to the research records disclosed by the company, 261 institutions and 443 people, including public funds, asset management of securities companies and insurance capital, have conducted 33 times of research on the company, and the company’s attention among institutional investors continues to rise.
Tiktok said that the future will also explore and use the media properties and channel attributes of new channels, new media, such as jitter, Kwai, little red book, Yuan universe, etc., to promote product brand influence construction and further promote product sales; By innovating the business model or cooperation model, change to the model of business partners and strategic partners, and continue to adhere to the “three fixed”, “three expansion” and “three increase” strategies. Focus on the main business, continue to give full play to the innovative advantages of the enterprise, strengthen incentives, and strive to build the company into a characteristic condiment enterprise with a regular model within 3-5 years.
It is disclosed that Jiajia Food Group Co.Ltd(002650) announced the largest stock option plan since its listing on October 22, 2021, with an exercise price of 4.95 yuan / share (equivalent to 12% of the closing price premium on the same day). The exercise assessment indicators for 2022-2023 are sales of no less than 2 billion yuan / 2.5 billion yuan or net profit of no less than 200 million yuan / 250 million yuan respectively.
(source: Securities Daily)
