Net profit for the first three quarters exceeded the full year of last year. Jinzai Food Group is expected to launch new products, crispy quail eggs, in Q4 | Financial Report Analysis
①Jinzai Food Group achieved revenue of 1.772 billion yuan in the first three quarters, an 18.65% year-on-year increase; net income attributable to the mother was 0.215 billion yuan, a 61.2% year-on-year increase, exceeding the full year of last year. ②Regarding the year-on-year increase in promotion expenses, Jinzai Food Group stated that in the first half of the year, the company accelerated the pace of market expense investment based on its operational strategy. The pace will relatively slow down in the second half of the year, and it is expected that the overall sales expense ratio for the whole year will not have a particularly large increase.
Why did Xu Xin 'escape' the leisure snack track after three squirrels inc. and bestore co.,ltd. were successively reduced by Jinri Capital?
1. Today, Capital successively reduced its shareholdings in Three Squirrels Inc. and Bestore Co., Ltd., which may be driven not only by their own financial needs but also by the intense competition and slowing growth in the leisure snack industry. 2. Focusing on penetrating the lower-tier market and emphasizing ultimate value for money, traditional snack brands are facing strategic decisions in response to the rise of bulk snack stores.
Juewei Food Co., Ltd.: The number of stores decreased by nearly a thousand in the first half of the year, and the decrease in raw material costs helped boost net income | Interpretations
① Juewei Food Co.,Ltd.'s revenue in the first half of this year decreased by 9.73% year-on-year, while net profit increased by more than 20%. ② The price of raw materials decreased compared with the same period last year, and the company's cost of goods sold in the first half of the year decreased by 17.95% year-on-year.
TikTok platform shows significant growth, three squirrels inc. net profit increased by over 80% in the first half of the year | Interpretations
①The Douyin channel has shown significant growth, and three squirrels inc.'s revenue in the first half of the year increased by 75.39% year-on-year; ②Benefiting from direct sourcing at the source of the nut category, as well as independent supply chain, combined with a decrease in management fee rate, the company's non-GAAP net margin increased by about two percentage points year-on-year.
Changes in channel structure affecting gross margin, Yanker Shop Food claims that the cost of its own quail eggs has now gained an advantage | Direct coverage of the earnings conference.
①Secretary Zhang Yang of the board of directors introduced that the cost price of the company's own quail farming base quail eggs is about 10 yuan/kg, which has obvious advantages compared to the market price; ②Chairman Zhang Xuewu said that the company's performance will continue to grow with the increase in the number of volume discount snack stores.
First-half revenue is under pressure, Toly Bread Co., Ltd. plans to seek growth through customization. | Interpretations
In the first half of this year, Toly Bread Co., Ltd. had revenues of 3.021 billion yuan and net profit of 290 million yuan, down 5.79% and 0.6% respectively. Toly Bread Co., Ltd. stated that it will further deepen and enrich cooperation with major key customers, providing high-quality products and personal services for more consumers and customers, and optimizing sales performance.