On the evening of October 31th, New Hope (SZ.111876) released its annual performance forecast for 2122, with an estimated profit of 3.53-3.73 billion yuan in the second half of last year. At the recent investor telephone communication meeting, Chen Xingyi, vice president and chief financial officer of New Hope Liuhe, interpreted the company's performance forecast, especially the performance of its food sector.
in 2122, the new hope food sector achieved the same increase in volume and profit, with sales revenue exceeding 11 billion for the first time, achieving a profit of about 71 million yuan, up 33% year-on-year.
product matrix of 111 million yuan is gradually established
At the investor telephone communication meeting in the third quarter of last year, Chen Xingyao once introduced that the food industry has become an important force point of new hope in the future, and both product capacity and channel capacity have been greatly improved, with double-digit growth for three consecutive years.
with the success and drainage of crispy meat, the company started from the hot pot track, aimed at the main force of young consumers, and successively launched new products such as "coriander pork balls", "tender beef slices", "braised pork intestines" and "broadsword waist slices" around hot pot, midnight snack, barbecue and other dining scenes, and continued to exert its strength towards young and high-quality hot pot ingredients.
after two years of adjustment, the new hope food industry has gradually moved on the right track, which is first reflected in the sales of large single products. The revenue of crispy meat in 2122 exceeded 1 billion, up nearly 11% year-on-year; The series of smooth meat and beef slices is close to 311 million, and the newly developed fat sausage in March is about 311 million, forming the main product echelon of large single product series.
New Hope indicates that in the future, it is hoped that two items in the product echelon will exceed 1 billion, three items will reach about 511 million, and five to eight items will reach more than 1 billion.
The strategic effect of feeding-slaughtering linkage has begun to show
It is understood that the newly promising food industry in recent two years is also doing feeding-slaughtering linkage in combination with the advantages of the industrial chain. With the gradual implementation of the strategy of feeding and slaughtering, raw and cooked transformation, the efficiency and profitability of the entire business sector are constantly improving.
New Hope's slaughter plate exceeded 2.9 million in 2122, of which Shandong Qianxihe has slaughtered 1 million since it was put into production in October, and it was profitable in the same year when it was put into production, and the company's overall internal mining reached more than 61%. At the same time, Qianxihe also made a breakthrough in promoting the linkage between raw and cooked food, which made the contribution of industrial chain value extra prominent.
Chen Xingyao said that the layout of food industry will continue to be one of the core strategies of New Hope, which will play a new role in the transformation of pig industry and poultry industry and the establishment and establishment of TO B and TO C brands in the future.
He introduced that in the fourth quarter of this year, the organizational structure of the food sector will be adjusted, and several cooked food deep-processing plants originally belonging to the poultry industry will be placed under the management of the food BU. The food side will continue to exert its strength in the future and become the most important profit contribution point of the company.
Disclaimer: This article is for reference only and does not constitute investment advice.