On April 29, Dahu Aquaculture Co.Ltd(600257) released the annual report of 2021 and the first quarterly report of 2022. In 2021, the company achieved an operating revenue of 1.292 billion yuan, a year-on-year increase of 37.99%; Net profit attributable to parent company -180 million yuan; The net cash flow from operating activities was 96.42 million yuan. The company achieved an operating revenue of 219 million yuan in the first quarter of 2022; The net profit attributable to the parent company was -131941 million yuan, mainly due to the lag in the development of some businesses of the company caused by the epidemic.
According to the disclosure, the performance loss of 6 Suofeiya Home Collection Co.Ltd(002572) 021 was mainly due to the needs of ecological and environmental protection. During the reporting period, the company made a number of asset impairment provisions, totaling about 239 million yuan. After excluding the above asset impairment factors, the net profit and operating cash flow remained at a good level. In addition, in 2021, the company’s net operating cash flow became positive, with a net amount of 96.42 million yuan.
In terms of business, in 2021, the company’s healthy aquatic products business achieved a revenue of 758 million yuan, accounting for 58.65% of the total revenue, with a year-on-year increase of 24.36%, of which the sales of frozen fresh aquatic products increased by 280.16% year-on-year Dahu Aquaculture Co.Ltd(600257) continued to optimize the product structure, focusing on the series of frozen and chilled products, and the sales volume continued to increase steadily. At the same time, the company also continued to expand its marketing channels, gradually extending from end B to end C, and established diversified channels such as hotel direct sales, frozen fresh food distribution, large supermarket, community group purchase, tmall, jd.com and Tiktok, further improving its market share.
In terms of healthy Baijiu business, the company achieved a revenue of 140million yuan, accounting for 10.86% of the total revenue, with a year-on-year increase of 49.95%. The company continues to deeply cultivate the local market in Hunan, continuously optimize the product structure by strengthening product innovation, and continuously improve the structural proportion of secondary high-end series and middle-end series Baijiu such as Dejiang and Yupin.
The company’s health and medical service business is a medical service platform with Dongfang Huakang as the core. The announcement shows that the health and medical service business achieved an operating revenue of 216 million yuan in 2021, accounting for 16.74% of the total revenue, with a year-on-year increase of 530.07%. It is reported that Dahu Aquaculture Co.Ltd(600257) has seven medical institutions, mainly engaged in rehabilitation and nursing business, all located in the core city of the Yangtze River Delta region, with more than 3000 beds.
The company said that due to the repeated impact of the epidemic in the first quarter of 2022, the business development in some regions had a certain lag impact. The company said that it is expected that all businesses in the second quarter will enter the development period, especially the frozen fresh crayfish series products. In 2020, the company launched a series of crayfish products, which were deeply loved by consumers and quickly promoted to a single product of 100 million yuan. With crayfish consumption ushering in the peak season, sales are expected to further improve.
In the future, Dahu Aquaculture Co.Ltd(600257) will continue to focus on the development strategy of “health products + health medical services”, based on freshwater fishery, improve the sales layout of health products, channel marketing and coordinate health services, build a whole industry chain of great health and realize the upgrading and transformation to great health industry.
