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.
Overseas stores open Purple Swallow Food: the industry as a whole is under pressure, with Q2 revenue improving slightly compared to Q1 | Focus on earnings conference
①Guo Wuchao mentioned that the industry as a whole was under pressure in the first half of the year due to the decline in revenue; ②The company opened its first overseas store in Melbourne, Australia, and more overseas stores will gradually be established in the future.
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.
Performance under pressure, Laiyifen also turns to the embrace of discount snacks | Interpretations of financial reports
① The revenue of direct-operated stores decreased year-on-year, and Shanghai laiyifen's first-half profits did not meet expectations; ② The company has started to focus on snack discount formats, and its first warehouse membership store was launched in Shanghai this month.
In the first half of the year, guangzhou restaurant group saw an increase in revenue but not in profits. This was due to the increase in market channel investment costs and expenses for new store openings. | Interpretations
①Guangzhou Restaurant Group increased revenue but did not increase profitability in the first half of this year. ②Guangzhou Restaurant Group stated that the increase in expenses for market channels and other costs invested by the company has contributed to sales; the profitability indicators were also affected by the expenditure on decoration and opening fees for newly opened dining establishments.