On April 24, Jonjee Hi-Tech Industrial And Commercial Holding Co.Ltd(600872) announced that the operating revenue in 2021 was 5.116 billion yuan, a year-on-year decrease of 0.15%. The company achieved a consolidated net profit of 784 million yuan, a year-on-year decrease of 19.27%. The net profit attributable to the parent company was 742 million yuan, a year-on-year decrease of 16.63%. Among them, Meiweixian achieved a sales revenue of 4.618 billion yuan, a year-on-year decrease of 7.24%.
In terms of specific businesses, the decline in condiment performance offset the growth of other businesses. The seasoning revenue was 4.565 billion yuan, a year-on-year decrease of 7.41%, and the gross profit margin was 33.08%, a decrease of 4.99 percentage points Jonjee Hi-Tech Industrial And Commercial Holding Co.Ltd(600872) of the park and real estate development and operation revenue was 410 million yuan, an increase of 369.08% year-on-year. The income from pulley and auto and motorcycle accessories was 782254 million yuan, a year-on-year increase of 53.11%, but the gross profit margin decreased by 16.71 percentage points.
It is understood that Jonjee Hi-Tech Industrial And Commercial Holding Co.Ltd(600872) was established in January 1993 and listed on the Shanghai Stock Exchange in January 1995. After more than 20 years of transformation and development, the company is currently engaged in businesses including seasoning food, park operation and urban development. Among them, condiment beauty delicious company’s operating income in 2021 accounted for 90.26% of the total Jonjee Hi-Tech Industrial And Commercial Holding Co.Ltd(600872) revenue, while other industries accounted for only 9.74%.
At present, the seasoning food company is mainly engaged in the production and sale of more than 10 kinds of condiments, and has two production bases in Zhongshan and Yangxi. In 2021, the overall production is about 668000 tons and the sales is 666900 tons; Among them, the sales of soy sauce accounted for 61.92% of the total business income, chicken essence and chicken powder accounted for 11.96%, edible oil accounted for 10.73%, and other condiments accounted for 15.39%; In recent years, oyster sauce, cooking wine, rice vinegar, sauce and other new products have developed rapidly, and a multi category development pattern is gradually taking shape.
In 2021, the output of Jonjee Hi-Tech Industrial And Commercial Holding Co.Ltd(600872) condiments was 668000 tons and the sales volume was 666900 tons, with a year-on-year decrease of 4.2% and 4.23% respectively.
Zhu danpeng, an analyst of China’s food industry, believes that the whole epidemic has a great impact on catering channels and increases operating costs. Compared with Foshan Haitian Flavouring And Food Company Ltd(603288) , Qianhe Condiment And Food Co.Ltd(603027) and other brands, Jonjee Hi-Tech Industrial And Commercial Holding Co.Ltd(600872) revenue and profit have declined, indicating that its anti risk ability is not strong.
