Release of the first annual report after the listing, the net profit of golden dragon fish in 2020 will double increase



On March 23, Golden Dragon announced its financial report for 2020. According to the report, in 2020, Jinlongyu achieved an operating revenue of RMB 1949.22 billion, a year-on-year increase of 14.2%; the net profit attributable to the shareholders of the parent company was RMB 6.001 billion, a year-on-year increase of 11%; and the basic earnings per share was RMB 1.2. Among them, the income of golden dragon fish kitchen food was 121.202 billion yuan, up 11.4% year on year; the sales of feed raw materials and oil technology was 72.49 billion yuan, up 18.9% year on year.

It is worth mentioning that this is also the first annual report of goldfish since it was listed on October 15, 2020. By 2020, golden dragon fish has achieved double growth of operating revenue and net profit for five consecutive years, and the compound growth rate has remained at the double-digit level.

For the performance in 2020, the company said that relying on the existing brand operation and channel operation advantages of edible oil, the company continued to expand the product sales network, strengthened the marketing work, and increased the promotion and sales of rice, flour, vinegar, soy sauce and other products; at the same time, the company launched new products such as “zero trans fat” series of edible oil, functional noodles and so on To further meet the growing demand of consumers for healthy diet. In addition, goldfish also continues to promote the existing high-end products and more new products, making the sales of related products continue to grow. During the epidemic period, the sales volume of small packaging products for family consumption and products for food industry customers increased, which made up for the decline of sales volume of catering channel products, and the overall sales volume increased steadily.

According to the statistics of the national grain and oil information center, from 2012 / 13 to 2019 / 20, China’s edible oil production increased from 23.72 million tons to 29.48 million tons, with a compound annual growth rate of 3.2%. China’s edible vegetable oil consumption increased from 27.55 million tons to 35.61 million tons, with a compound annual growth rate of 3.7%. The gap between supply and demand in the domestic edible oil consumption market has continued to expand since 2012, which is good for domestic edible oil industry Oil processing and sales enterprises.

Based on the rapid development of domestic edible oil consumption market, the production capacity of golden dragon fish is further expanded. In terms of production, the production mode of golden dragon fish is mainly self-produced. At the peak of production, due to the tight utilization of production capacity, there are a few products processed by outsourcing factories. Therefore, during the golden dragon fish period, the factory layout was further increased, and the product structure was continuously upgraded to meet the market demand.

In 2020, goldfish has accelerated the construction of rice, flour, oil and other production bases. As of December 31, 2020, goldfish has 66 production bases that have been put into operation, and several production bases are under construction to further increase the production network of kitchen food and expand the corresponding production capacity. Golden dragon fish has also established a number of comprehensive enterprise groups in Taizhou, Qinhuangdao, Shanghai, Lianyungang, Fangchenggang and other places. Integrated enterprise group can reduce the overall logistics and inventory costs by integrating the upstream and downstream factories in a production base, and the finished products of one factory are the raw materials of another factory.

For the future development, the management of golden dragon fish said in the annual report that in the future, golden dragon fish will continue to expand the depth and breadth of its industrial layout, provide more diversified, nutritious and healthy food for consumers, and bring more value to investors in the capital market.

In the view of Zhu danpeng, an analyst of food industry, the future development of golden dragon fish is worth looking forward to. At present, the brand effect and scale effect of golden dragon fish are prominent, and its control over the channel is gradually enhanced. The revenue of golden dragon fish has reached nearly 200 billion yuan. Relying on the promotion of the capital side, golden dragon fish will further release its own dividends. This is beneficial to the self-development of golden dragon fish and the overall promotion of grain and oil industry.

Beijing Business News (reporter Qian Yu, Bai Yang, Wang Xiao)

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