Xiwang Foodstuffs Vice Chairman Sun Xinguo: The scale of the rapeseed oil business is expanding, and the sports nutrition products are in a transitional stage. | Interview with Finance
1. With the decline in raw material prices such as corn and protein, xiwang foodstuffs' performance in the first three quarters showed high growth. The fourth quarter is the traditional peak season for corn oil, and it is expected that the earnings will further improve. 2. The company's sports nutrition business has started to grow steadily. In the first half of this year, xiwang foodstuffs' sports nutrition business revenue accounted for close to 50%, with a gross margin of 30.47%. The company plans to develop 2-3 major products in the next two years.
Chunxue Food: Focus on developing overseas markets, with an expected year-on-year export growth of 40% in 2024. | Direct coverage of the earnings conference
1. Domestic chicken product sales and prices are lower than expected, putting pressure on Chunxue Food's performance this year; 2. Chairman Zheng Weixin of the company stated that the company is focusing on developing foreign markets, with exports expected to reach around 0.025 million tons in 2024, an increase of about 40%.
Zhejiang Huatong Meat Products: Turned a loss in the first three quarters, high debt ratio, planning to increase related party transactions | Financial Report Interpretation
Zhejiang Huatong Meat Products reversed losses in the first three quarters year-on-year, but the debt ratio remains high, reaching 74.42%; Zhejiang Huatong Meat Products also announced an expected increase in related trade of 80 million yuan, with 0.276 billion yuan already incurred, a 1.17 times increase compared to last year.
The l single product strategy resulted in 'rising costs, declining income' for Qianwei Central Kitchen, the first negative growth in three years since going public. | Interpretations of financial reports
①After three years of listing, Qian Wei Yang Chu handed in the first negative growth financial report, with a year-on-year decrease in net income in the first three quarters; ②In the first half of the year, in response to the rising operational pressure, Qian Wei Yang Chu had increased the development and promotion efforts of strategic single products, but by the third quarter, the company's revenue did not increase but declined, with significant growth in expenses.
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Pre-cooked food not selling well? Anjoy Foods Group's H1 performance growth rate has dropped to single digits | Interpretation of financial report
In the first half of this year, Anjoy Foods Group's net income increased by 9.17% year-on-year, but net income in the second quarter fell by 2.51% year-on-year. Among its main products, the revenue growth of instant noodles and pre-cooked foods declined significantly compared to the same period in 2023. As of the end of the reporting period, the company had a total of 2060 dealers, an increase of 96 from the beginning of the period.