Institutional research focused on the five themes of Fuling mustard tuber doubtful performance decline

category:Finance
 Institutional research focused on the five themes of Fuling mustard tuber doubtful performance decline


Fuling mustard tuber responds to declining performance

The companys semi-annual report shows that in the first half of this year, Fuling mustard pickles realized a revenue of 1.086 billion yuan, up 2.11% year-on-year, net profit of 315 million yuan, up 3.14% year-on-year, but in the second quarter, net profit of 160 million yuan, down 16.94% year-on-year after deduction, which is the first single-quarter net profit decline since the second quarter of 2015. Affected by this, the companys performance on July 31 ushered in the first drop in the year.

Fuling mustard pickles said that the companys mature channels are mainly located in the first-tier cities. However, since the second half of 2018, due to trade frictions between China and the United States, the gradual diversion of consumption scenarios of mustard tuber from traditional channels to the Internet, as well as the decline in the consumer market of traditional long-term train, automobile and other means of transport caused by more and more convenient transportation, the sales of mature market of the company have slowed down. Based on this, at the beginning of the year, the company put forward the general idea of adapting to change and initiative to change, and formulated the corresponding strategy.

As for the price increase of products, Fuling mustard said that the cost of semi-finished mustard accounted for about 45%, packaging materials accounted for about 22%. There are many factors to be considered in raising the price of a company, mainly cost-driven. If the situation of rising cost, shortage of raw materials and demand for quality improvement occurs, it may trigger enterprises to raise prices, and the company also considers the average price rise in the industry.

It is worth mentioning that in addition to Fuling mustard, Bairun Stock, Jinxin New Country, Wens Stock, Keming Noodle, Zhongshun Jierou and other large consumption concept stocks have also been visited by the institutions.

Influenced by the recent 5G smartphone launch and development conference held by Huahua, the relevant industry chain concept stocks have also received high attention from institutions. Last week, Shanghai Telecom, Shuobeide, Zhongguang Lightning Protection, Huitian New Materials and other companies were investigated by institutions.

Hui Tianxincai said that in July this year, the company set up a special communications department to serve Huawei project. Before that, the annual sales were nearly 10 million yuan, and it is expected to reach 40 million yuan in 2019. Zhongguang Lightning Protection said that the company has made preparations in advance for 5G commercial use in the telecommunication market, intensified technical research and development and supporting services, and made a good reserve of 5G telecommunication equipment lightning protection supporting products. With the construction and promotion of 5G, the companys performance is expected to be improved. Reporters noticed that last Friday, intelligent transportation concepts such as Ocean Parking, Qianfang Science and Technology, Dashi Intelligence and so on also received a centralized visit from institutions. Among them, the current market demand and company strategic development planning of Wuyang parking space have become the focus of attention. The current situation and future planning of Qianfang Technology ETC business area have also become the focus of attention. Among them, Qianfang Science and Technology revealed that the abolition of inter-provincial toll stations has brought opportunities for the development of ETC industry, and the company is expected to enjoy dividends at many levels. Up to now, there are nearly 20 provinces in which Qianfang Technological ETC products have been supplied and won the bid. The winning bidding amount is nearly 400 million. The products are in short supply. The company is making every effort to integrate the supply chain to ensure supply. Source: Responsible Editor of Securities Times: Yang Bin_NF4368

Hui Tianxincai said that in July this year, the company set up a special communications department to serve Huawei project. Before that, the annual sales were nearly 10 million yuan, and it is expected to reach 40 million yuan in 2019. Zhongguang Lightning Protection said that the company has made preparations in advance for 5G commercial use in the telecommunication market, intensified technical research and development and supporting services, and made a good reserve of 5G telecommunication equipment lightning protection supporting products. With the construction and promotion of 5G, the companys performance is expected to be improved.

Reporters noticed that last Friday, intelligent transportation concepts such as Ocean Parking, Qianfang Science and Technology, Dashi Intelligence and so on also received a centralized visit from institutions. Among them, the current market demand and company strategic development planning of Wuyang parking space have become the focus of attention. The current situation and future planning of Qianfang Technology ETC business area have also become the focus of attention.