\”Sauce\” Haitian Tangye has increased its net profit last year, and this year’s profit target is 7.56 billion yuan.
Although the restaurant market suffered a downturn in the cycle, but the Haitian flavor industry in the last year continued to maintain a relatively steady revenue and profit growth, reflecting the industry as a condiment leader of the \”Mao sauce\” have a more powerful risk resistance ability.
March 30 evening, Haitian flavor industry released 2020 annual report, the company achieved operating income of 22.792 billion yuan last year, an increase of 15.13%; net profit of 6.403 billion yuan, an increase of 19.61%; net profit of non-deduction 6.177 billion yuan, an increase of 21.51%; basic earnings per share of 1.98 yuan.
From the distribution plan view, the company intends to send 10 10.3 yuan per share (tax), for every 10 shares a bonus shares (tax), Further, capitalizing from reserves manner, to all shareholders 2 shares for every 10 shares.
dismantling of view, soy sauce, oyster sauce and Haitian flavor industry is the main product, but the growth rate is not the same.
in which the oyster fastest growth for three consecutive years with an average annual growth of 21.3%, and showed accelerated growth momentum. With the gradual deepening of the market and a good network of unique flavor Haitian oyster sauce, oyster sauce Haitian presented to the nation, rapid development momentum from the local catering to residents.
In fact, the oyster has been Haitian flavor industry as a category focus on the development of the company. Statistics show that revenue growth in this category in recent years to reach 19.2% in 2019 revenue accounted for 18%. In 2020 from the disclosure of earnings visibility, oyster growth is still the uplink channel.
Haitian soy sauce production and sales for twenty-four years ranked first in the country, centered from the growth point of view, for three consecutive years with an average annual increase of 14.5%. The company said sustained through a comprehensive strategy to promote quality, improve product strong barriers to competition, to take measures focusing channel efficiency and quality of construction, soy sauce category showing steady and rapid development, product mix and profitability higher level, further widening the competitive advantage.
relative terms, although Haitian sauce is also a leader, but sales for three consecutive years with an average annual growth of only 8.4%. Haitian flavor industry, said the company actively adjust the sauce to strengthen traditional markets, by optimizing product mix specifications, adjust marketing channels, effectively improve product profitability, consolidate the basis for subsequent development.
R \u0026 D investment is not just high-tech companies \”patent\”, from the 2020 Annual Report of view, soy sauce corporations are increasing R \u0026 D investment. Haitian soy sauce R \u0026 D spending has risen from 2019’s 587 million yuan to 712 million yuan in 2020, an increase of more than 21%.
Haitian flavor industry, he said the company nearly five years of research and development work the company invested a total of over 2.5 billion, R \u0026 D funding sufficient to protect the smooth development of technological innovation, scientific and technological achievements and efficient output.
then those developed for use in what areas? According to the company statement, the breeding and microbial fermentation control, enzyme engineeringCheng Technology, Green and Intelligent Manufacturing, Food Safety, Quality Control, etc. Start or completed dozens of scientific research projects, enabling product flavor quality and manufacturing level to further improve, forming the core competitiveness of the enterprise.
While the sea-day flavoring financial indicators are good, the gross profit margin has fallen a certain increase. The overall gross margin level in 2020 was 43.52%, down 3.71 percentage points year-on-year. Among them, the marginal profit margin of sauce and sauce has exceeded 3 percentage points.
In the context of revenue growth and gross profit margin, Haitian Tangye has made a clear business plan this year in the annual report. The company said that in 2021, the company’s third five-year plan is the year of attack, the company needs to rely on innovation, from business model, management level, scientific and technological progress, talent level, etc., and promote high-quality development of enterprises. All employees of the company will also go all out to complete the goals. 2021 company planned operating total revenue target is 26.44 billion yuan, the profit target is 7.56 billion yuan.
In order to achieve this goal, from the recent company operation, the speed of foreign investment has become one of the important paths.
At the same time, the company also disclosed an announcement of a subsidiary of investment. According to the business development needs, it is intended to invest in the establishment of a wholly-owned subsidiary in Foshan, Guangdong, and the investment amount is 110 million yuan. The company believes that this will benefit the company’s industrial layout, which is in line with the needs of the company’s business development.