Jiangxi Huangshanghuang Group Food Co.Ltd(002695) 4 issued the annual report on April 28. In 2021, the company achieved an operating revenue of 2.339 billion yuan, a year-on-year decrease of 4.01%; The net profit attributable to the parent company was 145 million yuan, a year-on-year decrease of 48.76%; The basic earnings per share is 0.282 yuan.
The annual report shows that the company’s main business is the development, production and sales of sauce and marinated meat products, fast consumer food with cold dishes and rice products. The products include duck, chicken, goose, pig, cow, sheep and other fast consumer sauce and marinated meat products, aquatic products, vegetables, bean products and other cold food with cold dishes, as well as rice products such as zongzi, qingtuan, tapioca, Babao rice, instant porridge and moon cake. The product varieties have reached more than 200.
Jiangxi Huangshanghuang Group Food Co.Ltd(002695) said that the main reason for the year-on-year decline of the company’s revenue was that after the single store revenue of terminal stores recovered slightly at the beginning of the year in 2021, the single store revenue showed a continuous downward trend again in the following three quarters due to the repeated epidemic and the decline of passenger flow (especially high-speed railway, airport, commercial super complex, etc.); At the same time, the management and control measures of local personnel flow have gradually slowed down the expansion speed of stores.
Jiangxi Huangshanghuang Group Food Co.Ltd(002695) said that although the company’s operating performance in 2021 did not reach the expected target due to the changes in China’s macroeconomic situation and market environment, the company believes that the overall trend will gradually improve in the coming period; At the same time, the company’s future strategic development direction will remain unchanged, continue to unswervingly implement the “531” long-term and medium-term plan, and accelerate the implementation of development goals and major strategies in the next five years, such as “thousands of cities and thousands of stores”.
The annual report shows that the company currently takes chain operation as the main sales mode. As of the end of December 2021, the meat processing industry of the company has 4281 specialty stores, including 307 Direct stores and 3974 franchise stores. The sales network covers 27 provinces and 243 prefecture level cities in China Jiangxi Huangshanghuang Group Food Co.Ltd(002695) said that the company plans to open 1059 new stores in 2022, including 86 Direct stores. The store opening resources are concentrated in street shops and complexes, mainly from the newly expanded markets outside Jiangxi Province, including Guangdong, Yunnan Guizhou, Sichuan and Chongqing, Shaanxi, Jiangsu, Zhejiang and Shanghai.
In 2022, Jiangxi Huangshanghuang Group Food Co.Ltd(002695) plans to achieve an operating revenue of 2.6 billion yuan and a net profit of 270 million yuan, realizing double growth of operating revenue and net profit.
