“Youmao” first quarter results released!
On the 29th, Yihai Kerry Arawana Holdings Co.Ltd(300999) disclosed the results of the first quarter. According to the announcement, the company achieved a revenue of 56.5 billion yuan in the first quarter, but due to the sharp rise in product costs, Yihai Kerry Arawana Holdings Co.Ltd(300999) first quarter net profit was only 110 million yuan, a year-on-year decrease of 92.71%.
It is understood that Yihai Kerry Arawana Holdings Co.Ltd(300999) is a leading enterprise in China’s edible oil industry. It was favored by the market when it was listed in 2020. The share price rose to 145.62 yuan / share (no resumption of rights), and the market value was close to 800 billion yuan at one time, but the subsequent share price continued to decline.
As of April 29, 2022, Yihai Kerry Arawana Holdings Co.Ltd(300999) reported 48 yuan, with a total market value of 260.2 billion yuan.
first quarter revenue reached 56.5 billion
net profit is only 110 million
Yihai Kerry Arawana Holdings Co.Ltd(300999) ( Yihai Kerry Arawana Holdings Co.Ltd(300999) ) the first quarter report disclosed on April 29 showed that during the reporting period, the company achieved an operating revenue of 56.5 billion yuan, a year-on-year increase of 10.68%; The total profit was 660 million yuan, a year-on-year decrease of 76.51%, and the net profit attributable to shareholders of listed companies was 110 million yuan, a year-on-year decrease of 92.71%; The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses was 830 million yuan, a year-on-year decrease of 56.90%; The basic earnings per share is 0.02 yuan.
As for the reasons for the sharp drop in performance, Yihai Kerry Arawana Holdings Co.Ltd(300999) said that in the first quarter of 2022, affected by the expectation of soybean production affected by the dry weather in South America and the conflict between Russia and Ukraine, the prices of the company’s main raw materials such as soybean, soybean oil and palm oil increased rapidly and sharply, resulting in a sharp rise in product costs. Although the company raised the prices of some products, it did not fully cover the rise in raw material costs, The gross profit margin of the company’s main products decreased significantly year-on-year.
Yihai Kerry Arawana Holdings Co.Ltd(300999) also said that due to the impact of the multi-point spread of the epidemic in China on logistics and transportation, terminal sales, catering, etc., coupled with weak economy, sluggish consumption and intensified market competition, the sales volume of kitchen food of the company decreased year-on-year in the first quarter of 2022, and the profits of medium and high-end retail products were greatly affected. In addition, the actual income tax rate in the first quarter of 2022 was higher, mainly due to the tax rate differences of different subsidiaries. Some high tax rate companies made good profits and some low tax rate companies made losses.
It is worth mentioning that Yihai Kerry Arawana Holdings Co.Ltd(300999) 2021 achieved an operating revenue of 226225 billion yuan, a year-on-year increase of 16.06%; The net profit was 4.132 billion yuan, a year-on-year decrease of 31.15%. Quarter by quarter, Yihai Kerry Arawana Holdings Co.Ltd(300999) achieved net profit of 1.57 billion yuan, 1.4 billion yuan, 711 million yuan and 451 million yuan respectively in the four quarters of 2021, showing a downward trend quarter by quarter. Among them, the fourth quarter net profit fell 50.55% year-on-year.
In terms of business, in 2021, Yihai Kerry Arawana Holdings Co.Ltd(300999) kitchen food revenue increased by 17.14% to 141979 billion yuan, and feed raw materials and oil technology revenue increased by 13.83% to 82.515 billion yuan. However, the gross profit of both businesses declined, including the gross profit margin of kitchen food business decreased from 11.50% last year to 8.30%, down 3.20 percentage points; The gross profit margin of feed raw materials and oil technology business decreased from 9.63% of the previous year to 7.41%, down 2.22 percentage points.
According to the first quarterly report, during the reporting period, Yihai Kerry Arawana Holdings Co.Ltd(300999) had two new top ten circulating shareholders, of which Lin Xiang held 11.8 million shares, accounting for 2.17% of the circulating shares, and Industrial And Commercial Bank Of China Limited(601398) – e Fonda gem trading open-end index securities investment fund held 2484800 shares, accounting for 0.46% of the circulating shares; Hong Kong Central Clearing Co., Ltd. increased its holdings of 3.9346 million shares, accounting for 3.69% of the outstanding shares.
fali “prefabricated dishes”
This year, Yihai Kerry Arawana Holdings Co.Ltd(300999) new business expansion is expected by the market, including central kitchen.
Yihai Kerry Arawana Holdings Co.Ltd(300999) 4 / 20 in interactive Yi said that the central kitchen project is currently located in Hangzhou, Chongqing, Langfang, Xianyang, Shaanxi and other places. At present, Hangzhou Fengchu has begun to produce Bento packages. As the business has just started, the overall scale is still very small. The company’s central kitchen product range will cover nutritious meals, bentos and other specific finished and semi-finished meal prefabricated vegetable products.
According to media reports, recently, at the special class meeting on food material guarantee for the Hangzhou Asian Games, it was determined to entrust YIHAI KERRY Yihai Kerry Arawana Holdings Co.Ltd(300999) yijiafeng kitchen (Hangzhou) Food Co., Ltd. to undertake the task of fruit and vegetable processing center for the Hangzhou Asian Games and the Asian Paralympic Games. It is reported that yijiafeng kitchen (Hangzhou) Food Co., Ltd. is the first central kitchen Park of YIHAI KERRY Yihai Kerry Arawana Holdings Co.Ltd(300999) to be completed and put into operation. The product orientation of the park is convenience + prefabricated dishes (frozen + fresh food) + whole category. Through the mode of self support + investment promotion, yijiafeng kitchen (Hangzhou) Food Co., Ltd. has built a food ecological chain system with staple food processing as the core, and has become a leading demonstration park for the group to develop a new central kitchen production line and promote the industrial mode of central kitchen.
The total construction area of Fengchu park is 92000 square meters, including clean vegetable workshop, meat product workshop, staple food workshop, Bento workshop, logistics warehouse, stacking workshop and other supporting facilities. It has been put into operation in March this year. The planned production capacity is: 40 tons / day of prefabricated vegetables, 120000 copies / day of Bento and 4.8 tons / day of sauce.
Yihai Kerry Arawana Holdings Co.Ltd(300999) said that in the future, it will continue to focus on the two main industries of kitchen food, feed raw materials and oil technology, deeply cultivate Shenzhen Agricultural Products Group Co.Ltd(000061) and food processing industry chain, and on the basis of the company’s current business, it will extend to the central kitchen and terminal food, continue to provide consumers with nutritious, healthy, safe and high-quality grain and oil products and related upstream and downstream products, and help broaden the road of food security with Chinese characteristics.
plans to launch the restricted stock incentive plan in 2022
Yihai Kerry Arawana Holdings Co.Ltd(300999) 3 issued the restricted stock incentive plan (Draft) for 2022 on the evening of March 31. The number of restricted shares to be granted to incentive objects by the company is 29.8 million, accounting for about 0.55% of the total share capital of the company on the announcement date of the incentive draft. This grant is a one-time grant without reserved rights and interests. The incentive plan grants a total of 1635 incentive objects, including directors, senior managers and core technical / business personnel (including foreign employees) working in the company (including subsidiaries, the same below) when the company announces the incentive plan. Excluding Yihai Kerry Arawana Holdings Co.Ltd(300999) independent directors, supervisors, shareholders or actual controllers holding more than 5% of shares alone or in total and their spouses, parents and children.
On April 7, the management department of gem company of Shenzhen Stock Exchange issued a letter of concern, requesting Yihai Kerry Arawana Holdings Co.Ltd(300999) to explain whether taking the tonnage of product sales as the performance evaluation index can objectively and completely reflect the operation of the company’s existing and future new businesses.
On April 13, Yihai Kerry Arawana Holdings Co.Ltd(300999) replied to the letter of concern, saying that taking the audited total sales tons of the above products in the company’s annual report as the performance evaluation index, it is in line with the company’s business structure, future development plan and the current situation of the industry, “which is formulated by taking into account the company’s current situation, future strategic plan and the development of the industry”. Within 6 months before the public disclosure of the draft incentive plan, no insider of the incentive plan has been found to use the relevant insider information of the incentive plan for stock trading or disclose the relevant insider information of the incentive plan, and there is no insider trading.
