This week’s view
The concept of prefabricated dishes is popular in the market this week. China’s takeout industry began to flourish in 2014. In 2020, the epidemic gave birth to household consumption demand, and prefabricated dishes gradually extended from tob to TOC. According to the industry history of some developed countries, the scale of China’s Prefabricated vegetable industry exceeds 200 billion yuan. At present, the industry is still in the early stage of penetration, and its growth is expected to accelerate in the future. The proportion of prefabricated vegetables in the revenue of Companies in the industry is generally not high, and the business development space is broad.
Market performance
The trading day of this week is 5 days. This week, the CSI 300 decreased by 1.98% and the industry decreased by 0.84%.
Key company dynamics
Tongqinglou Catering Co.Ltd(605108) : Tongqinglou Catering Co.Ltd(605108) issue an announcement of abnormal fluctuations in stock trading. The company is concerned about the recent hot spots in the capital market, involving concepts such as prefabricated dishes. According to the company’s self inspection, Anhui Tongqinglou Catering Co.Ltd(605108) Food Co., Ltd., a wholly-owned subsidiary of the company, is involved in the prefabricated vegetable business, which is the business segment of the company’s key development. At present, this business is still in its infancy. As of September 30, 2021, the operating revenue of this business accounts for less than 1% of the company’s operating revenue.
China Tourism Group Duty Free Corporation Limited(601888) : China Tourism Group Duty Free Corporation Limited(601888) issued the announcement of annual performance increase in 2021. The net profit attributable to the shareholders of the listed company expected to be realized by the company in 2021 is about 9.4 billion yuan to 10.1 billion yuan, an increase of about 3.3 billion yuan to 4 billion yuan over the same period of the previous year (before retroactive adjustment), a year-on-year increase of about 54% to 66%; Compared with the same period of the previous year (after retroactive adjustment), it increased by about 3.3 billion yuan to 4 billion yuan, a year-on-year increase of about 54% to 66%. After deducting non recurring gains and losses, the net profit attributable to shareholders of listed companies expected to be realized by the company in 2021 is about 9.3 billion yuan to 10 billion yuan, an increase of about 3.3 billion yuan to 4 billion yuan over the same period of last year (before retroactive adjustment), a year-on-year increase of about 55% to 67%; Compared with the same period of last year (after retroactive adjustment), it increased by about 3.3 billion yuan to 4 billion yuan, a year-on-year increase of about 55% to 67%.
Risk tips
Covid-19 epidemic situation is repeated or worsened; The tightening of China’s winter epidemic prevention policy.
