On April 20, Zuming Bean Products Co.Ltd(003030) released the company’s 2021 annual report. The report shows that the company’s operating revenue in 2021 was 1.337 billion yuan, a year-on-year increase of 9.14%, and the net profit was 55.72 million yuan, a year-on-year decrease of 44.83%. Due to the repeated covid-19 epidemic in China and the rising and high prices of raw and auxiliary materials, the soybean products industry will face great challenges in 2021.
In order to alleviate the cost pressure, Zuming Bean Products Co.Ltd(003030) adhere to the basic working idea of “grasping the market outside and grasping the management inside”, the company’s fresh bean products maintained a steady growth, realizing a sales revenue of 8939508 million yuan, a year-on-year increase of 8.52%; The sales revenue of vegetable protein drinks was 209065600 yuan, a year-on-year increase of 24.39%, and the sales of the company’s main products were good. In addition, the company still pays attention to R & D. in 2021, the amount of R & D investment increased by 16.83% year-on-year, and continues to maintain its technical advantage ahead of the industry.
As the costs of raw and auxiliary materials, labor, transportation and energy continue to rise, the profit space of soybean products enterprises is generally under pressure. From November 2021, Zuming Bean Products Co.Ltd(003030) raised the ex factory price of vegetable protein drinks based on self-contained bags of soybean milk by 15% – 20%. In March 2021, the price of fresh bean products was raised by about 5%, which plays a certain role in alleviating cost pressure and contributing revenue and profit.
Since its listing, Zuming Bean Products Co.Ltd(003030) has never stopped the pace of cross regional market development. Not long ago, the company announced that it plans to carry out a production base construction project with a total investment of about 300 million yuan within the jurisdiction of the Management Committee of Wuhan Jiangxia Economic Development Zone to establish production plants and auxiliary supporting buildings for the company’s fresh bean products, plant protein drinks, leisure bean products and other bean products. This is an important step for the company’s strategic layout in Central China and expand the influence of the “ancestral name” brand.
In addition, the company has signed the cooperation framework agreement with Nanjing Guoguo food and Guizhou longyuansheng soybean industry to expand in different places by means of equity investment, so as to fully consolidate the leading position in the bean products industry. Moreover, it is worth mentioning that according to the cooperation framework agreement between the company and Nanjing Guoguo, its employees can be dispatched to guide the standardized operation of finance, business and legal affairs of Nanjing Guoguo company. At the same time, both parties agree to appoint a supervisor recommended by Zuming Bean Products Co.Ltd(003030) to perform the duties of supervisor and supervise the operation of Nanjing Guoguo company. Based on the development mode of “joint operation of local famous brands and ancestral brands”, the company opened a new chapter in 2022. In the first quarter, it was disclosed that on February 24, the company signed the cooperation framework agreement with Taiyuan golden Soybean Food Co., Ltd. (hereinafter referred to as “Taiyuan golden soybean”) and its shareholders Mr. Chen Shouping and Ms. Tan Guihua. The final investment amount of the company in this cooperation is no more than 50 million yuan.
