seasoning industry's first half report card: two companies' revenue exceeded 10 billion yuan
2024-09-12
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reporter luo yaqi reports from changsha
in the food we enjoy every day, seasoning plays a vital role.
recently, the 2024 semi-annual reports of a-share condiment listed companies have been fully disclosed. which company is the most profitable, which company is the most profitable, and what is the development trend of the industry?
the soy sauce business of many companies has grown steadily
in terms of revenue scale, there are two companies with a scale of over 10 billion, namely haitian flavor industry and meihua biotechnology.
in the first half of the year, haitian flavor industry achieved operating income of 14.156 billion yuan and net profit attributable to the parent company of 3.453 billion yuan, with revenue and net profit attributable to the parent company increasing by 9.18% and 11.52% year-on-year respectively. meihua bio achieved total operating income of 12.643 billion yuan, a year-on-year decrease of 6.96%, and net profit attributable to the parent company of 1.474 billion yuan, a year-on-year increase of 7.51%.
in terms of net profit, only haitian flavor and meihua biotechnology achieved a net profit of over 1 billion yuan. in addition, angel yeast, zhongju high-tech, qianhe flavor, tianwei food, and fuling zhacai achieved net profits of 691 million yuan, 350 million yuan, 251 million yuan, 247 million yuan, and 448 million yuan, respectively.
qianhe flavor industry, which has become popular due to its "zero additive" product, achieved operating income of approximately 1.589 billion yuan in the first half of this year, a year-on-year increase of 3.78%. the net profit attributable to shareholders of the listed company was approximately 251 million yuan, a year-on-year decrease of 2.38%. the revenue increased but the profit did not.
st jiajia achieved total operating revenue of 789 million yuan in the first half of the year, down 7.65% year-on-year, and net profit of -29.1621 million yuan, down 848.84% year-on-year. jiajia food said that the main reasons for the performance change were the decrease in revenue from monosodium glutamate and vegetable oil, the increase in advertising and marketing expenses to cope with industry competition, and the provision for inventory impairment.
in terms of specific products, soy sauce, as a traditional condiment, has achieved steady growth in the first half of this year. according to financial report data, in the first half of the year, haitian flavor industry's main soy sauce products achieved revenue of 7.264 billion yuan, a year-on-year increase of 6.85%; qianhe flavor industry's soy sauce products achieved sales revenue of 1 billion yuan, a year-on-year increase of 3.5%; soy sauce products achieved revenue of 460 million yuan, a year-on-year increase of 11.63%. however, zhongju high-tech's soy sauce performance declined slightly, achieving revenue of 1.557 billion yuan, a year-on-year decrease of 3.71%.
in terms of msg products, meihua bio faces the challenge of falling msg market prices. in the first half of the year, the price of large-packaged msg products fell by 12.64% year-on-year, which led to a 13.91% year-on-year decrease in its revenue; lotus holdings' revenue from msg and other amino acid condiments was 940 million yuan, a year-on-year increase of 27.78%.
in the field of compound seasonings, tianwei food, which has always focused on the research, development, production and sales of compound seasonings, achieved revenue of 491 million yuan from hot pot base in the first half of the year, a year-on-year decrease of 10.15%; chinese compound seasonings achieved revenue of 887 million yuan, a year-on-year increase of 11.62%.
some enterprises have created new hot spots through cross-border business
it is also worth noting that some condiment companies have started cross-border cooperation in an attempt to create new consumer hotspots.
for example, in july, haitian flavor launched a bottled drinking water called "haitian pure". public reports show that haitian pure has not yet been sold on a large scale, and is only sold in a small area in the haitian flavor industry exhibition hall.
in april this year, haitian flavor industry officially announced the launch of two ice products, "haitian soy sauce mochi ice cream" and "haitian apple cider vinegar snow mud", and said that the classic soy sauce ice cream that became an instant hit last year is returning again.
in addition, haitian has also launched "lemon tea drinks" and "cereal and nut drinks" to further expand its product line in the beverage market.
in addition to haitian flavor industry, another company that frequently makes cross-border moves is fuling zhacai. in august this year, fuling zhacai joined hands with a baking company to incorporate fuling zhacai into mooncake fillings and jointly launched salty and sweet flavored zhacai mooncakes. earlier this year, fuling zhacai also cooperated with a number of chongqing noodle companies such as qinyun old lady noodles and hula noodle house to jointly develop a special seasoning for chongqing noodles, zhacai. previously, fuling zhacai had jointly launched pink-packaged zhacai with bilibili, making "electronic zhacai" a reality and on the table.
