Condiment listed companies open source and reduce costs to open up new paths

Up to now, the performance of 24 listed companies in the condiment industry in the first half of 2022 has all been released, and many companies have doubled their profits, and some companies have performed poorly and declined

Performance is polarized

Upstream companies have seen large profit growth

Carding found that among the 24 listed condiment companies, 19 companies achieved positive growth in business growth; However, in terms of net profit, there has been obvious polarization, and the net profit growth rate of 11 companies has shown negative growth, and there has been no increase in

In terms of revenue, there are 4 companies with revenue scale exceeding the 10 billion mark, from high to low: Meihua Biological, Haitian Flavor Industry, Fufeng Group, and COFCO Sugar.

In terms of revenue growth, 19 companies showed positive revenue growth and 12 companies showed double-digit good revenue growth

In terms of net profit, 21 of the 24 companies are profitable

In terms of net profit growth, 13 of the 24 companies showed positive net profit growth, and Su Yanjingshen became the fastest company

The analysis found that companies such as edible salt and monosodium glutamate in the upstream of the industry have seen a substantial increase in profits

Industry insiders pointed out that with the increase in the choice of the market and consumers, MSG has gradually shifted to invisible consumption, appearing on the daily table in the

The effect of the price increase is not obvious

"Throttling" reduces costs to protect the family

In mid-October 2021, Haitian Flavor Industry announced that the price of some products such as soy sauce, oyster sauce and sauce would increase by 3%-7%, kicking off the prelude

However, at present, the profitable effect of price increases is not obvious

Combing found that the company has taken the rising cost pressure as the main reason for

Cost pressures continue, but the price increase has not met expectations

From the performance point of view, the performance of Fuling Squeezed Vegetables, Qianhe Flavor Industry, Tianwei Food, etc.

Find new growth points in performance

"Open source" seeks new increments

In addition to "throttling", condiment listed companies are also actively looking for new performance growth points

In recent years, the "lazy house economy" has risen, and compound condiments that meet the chaining of restaurants and the convenience needs of families have ushered in explosive growth

In order to seek new performance growth points, some condiment listed companies have started cross-border businesses and tapped new incremental markets in order to increase market share

In the first half of this year, condiment listed companies are also actively expanding overseas markets, and in the second half of the year, they may be able to find new performance growth points
in overseas markets.
According to the data of the Big Data Information Center of the China Condiment Association, in the first quarter of this year, the export volume of condiments totaled 4.
241 billion yuan, an increase of 2.
3%
year-on-year.
Among them, salt, sugar, soy sauce, compound seasonings and other categories continued to maintain rapid growth, compound seasoning exports reached 2.
814 billion yuan, an increase of 50.
3% year-on-year, soy sauce exports of 328 million yuan, an increase of 32.
1%
year-on-year.
Zhongju High-tech said that the company has expanded its market in nearly 10 overseas countries, but the proportion of overseas sales is still relatively small, and it will continue to increase the layout
of overseas markets in the future.
Haitian Flavor Industry also said that it has been actively expanding overseas markets
.

Industry insiders pointed out that in the future, condiment listed companies as a whole will maintain a stable development trend, health, family scenes, prepared dishes, cost-effective, customized or will become the direction of breaking the situation
.

(Gao Jiaodi comprehensive finishing)

China Food News (2022.
09.
08.
04 edition)

(Editor-in-charge: Gao Jiaodi)