On April 19, Zuming Bean Products Co.Ltd(003030) released its annual report, saying that the company's operating revenue in 2021 was 1.337 billion yuan, a year-on-year increase of 9.14%, and realized a net profit of 55.72 million yuan, a year-on-year decrease of 44.83%.
The announcement shows that due to the continuous rise in the costs of raw and auxiliary materials, labor, transportation and energy, 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%. From the perspective of income distribution, fresh bean products and plant protein drinks have become the main source of the company's revenue. Price increase plays a certain role in alleviating cost pressure and contributing revenue and profit.
It is worth noting that the company's main product, fresh bean products, maintained a steady growth and achieved a sales revenue of 893 million yuan, a year-on-year increase of 8.52%; Vegetable protein drinks achieved a sales revenue of 209 million yuan, a year-on-year increase of 24.39%. 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.
Zuming Bean Products Co.Ltd(003030) said that recently, topics such as increasing support for soybean intensive processing, promoting the sustainable and healthy development of soybean industry chain, and strengthening the amount of subsidies for farmers to grow soybeans have become hot spots. It is reported that as the largest soybean producing area in China, Heilongjiang has nearly half the planting area and output of the country. According to the work plan for expanding soybean planting in Heilongjiang Province in 2022, Heilongjiang should "expand the area" in soybean planting this year, add more than 10 million mu of soybean planting area, and it is expected that the soybean will increase by 2.6 billion kg. In this regard, industry insiders said that in the future, with the continuous overweight of the policy on China's soybean planting and supply, it may alleviate the demand pressure of raw materials for soybean products enterprises.
