Last year, profits increased without revenue, Shuangta Food continued to develop artificial meat products, would you buy

Last year, profits increased without revenue, Shuangta Food continued to develop artificial meat products, would you buy
12 Jul
2020

Last year, profits increased without revenue, Shuangta Food continued to develop artificial meat products, would you buy
Pioneer has risen for three consecutive days in the artificial meat concept stock Twin Towers Food, and disclosed its 2019 annual report on the evening of April 22.In the past year, Shuangta Foods’ revenue has dropped and its net profit has soared, which has been surging all the way.Recently, the twin tower food ride on the KFC artificial meat concept continues to take off again.The artificial meat concept also grew collectively.Some official representatives, artificial meat is a sunrise industry, but it is still in the introduction phase.Will the concept of artificial meat help Shuangta Food continue to fragrant this year?Last year, profits increased but income did not increase. Three Shuangta foods that did not meet expectations were successfully listed on the Shenzhen Stock Exchange on September 21, 2010. Longkou vermicelli, pea protein, pea starch, waste fiber, and food have been formed.The development pattern of diversified products such as bacteria and biogas.The annual report shows that in 2019, Shuangta Foods will achieve an operating income of approximately 21.22 trillion, an average of 10 years.82%; net profit attributable to shareholders of listed companies is about 1.8.7 billion, an annual increase of 103.56%; net profit attributable to shareholders of listed companies to replace non-recurring gains and losses is about 1.7.9 billion, an annual increase of 125.45%.Revenue income and net profit have increased substantially. How did Shuangta Food do it?Therefore, Shuangta Food Air Force’s explanation in the performance bulletin is “the company’s product sales are good, and its performance has improved significantly.”According to Shuangta Foods’ 2019 annual report, by product, edible protein has the highest operating income, about 5.35 trillion, accounting for 25% of the ten-year revenue in 2019.20%, successfully defeated the top revenue in 2018-sales of materials; and the revenue of alternative fibers has the largest increase, its operating income is about 1.08 trillion, accounting for 5 years of revenue in 2019.1%, its operating income in 2019 increased by 20 compared with 2018.83%.Dietary fiber and edible protein are the two products of Shuangta Foods with the highest gross profit margin in 2019. The gross profit margin of alternative fiber is 63%, and the gross profit margin of edible protein is 57.32%.In 2014, Shuangta Foods used a non-public offering to raise a net amount of 126,524.320,000 yuan. As of the end of 2019, all funds raised this time were used up.So, what are the benefits after the investment project is completed?It is said that Shuangta Foods introduced a high-quality functional protein deep-processing project: this project is a new commissioning project at the end of 2018. Due to the increase in equipment commissioning time, the production time lags by 3 months, resulting in the failure to achieve the expected benefits; annual processing60,000-ton pea comprehensive utilization project: The production process of the 24,000-ton vermicelli project is optimized (that is, the production process is fully automated), which results in longer research and development and commissioning time, and the production time lags 5 months, resulting in the failure to achieve the expected benefits; the construction of the logistics distribution centerProject: Due to the increasing costs of the logistics industry in recent years, the actual cost incurred is greater than the estimated amount, resulting in the failure to achieve the expected benefits.Last year, “artificial meat” mooncakes were launched. This year, the layout will continue to be generous in 2019. Affected by the listing of the “artificial meat first stock” Beyond Meat company, the domestic artificial meat concept shares have been ranked differently, and Shuangta Foods has also been included.From May 6th to May 10th, there were 5 consecutive trading days.At that time, Shuangta Foods said on the interactive platform: “The company has already developed artificial meat research and development and market layout in the company’s strategic development plan.”On September 4, 2019, Shuangta Foods announced the signing of the“ Strategic Cooperation Framework Agreement ”with Precious Food (Beijing) Food Technology Co., Ltd. The cooperation between the two parties includes cooperation and innovation in the field of vegetable protein meat.At the same time, Shuangta Food also issued an announcement on the development of new products, replacing “Recently after continuous cooperative research, we have developed pea protein meat moon cakes and some products of pea protein meat filling. The development of the above new products has replaced the domesticWhite pea protein in the meat field.”In September 2019, in the face of investors,” after launching moon cakes, what artificial meat products will the company launch next? “In response to the question, Shuangta Foods said: “In the field of pea protein meat, there are steaks, luncheon meats, and vegetarian sausages.”On February 19, 2020, Shuangta Foods revealed more information about vegetable protein meat in investor relations activities.”Vegetable protein meat has surpassed the company’s development strategy. The company’s vegetable protein meat products have obvious price advantages, and many new products are in the testing stage.On February 25, 2020, Shuangta Foods announced that its wholly-owned subsidiary Zhaoyuan Junbang Trading Co., Ltd. and Beyond Meat signed an 85% pea protein sales contract. The first batch of pea protein purchases was 628320 pounds (about285 tons).This means that Shuangta Foods has achieved a through train to sell pea protein to beyond meat.It is reported that Beyond Meat is an American vegetarian meat producer. It was founded in 2009 and has received Bill Gates investment. Its products are globally3.20,000 outlets.On March 3, 2020, Shuangta Food released a plan for non-public offering of shares, and the budget for raised funds (including issuance expenses) was not more than 21.US $ 500 million, an albumin extraction and comprehensive processing project invested after deducting the issuance costs, a low-growth extraction and processing project that replaces pea bean functions, a comprehensive utilization project of pea and bean deep processing, and supplementary working capital.Shuangta Foods introduced in the plan that adding pea protein to various meat products can improve the quality of meat products . After wetting pea protein with various ingredients, it can also be made into various imitation meat products.On the evening of March 9, 2020, Shuangta Foods announced that its subsidiary SHUANGTA FOOD (HONGKONG) LIMITED planned to set up a wholly-owned subsidiary Yantai Sutianxia Biotechnology Co., Ltd. with its own funds.quasi).It is understood that the business scope of Yantai Sutianxia Biological Technology Co., Ltd. is the production and sales of vegetable protein meat, protein and protein products, soy products, starch and starch products, fibers and fiber products, health foods, and solid beverages.”Hitchhiking” KFC, Twin Tower Foods rose for three consecutive days last year, driven by artificial meat and other factors, the total market value of Twin Tower Foods from 34 at the end of 2018.8.1 billion increased to 98 at the end of 2019.73 trillion, a cumulative increase of nearly 64 trillion.Recently, the concept of artificial meat seems to be hot again.Data from Choice Financial Terminal shows that there are currently 36 artificial meat concept stocks in A shares.On April 21 and 22, the A-share artificial meat sector grew overall.The sustainability of Shuangta Foods has been growing since April 20, with a closing gain of 7 on that day.17%; April 21 continued the upward trend, once hit a daily limit, and closed up by 6.37%; On April 22, Twin Tower Foods opened its limit soon after the opening, with a closing increase of 10%. The market value of Twin Tower Foods had reached 180 for the consecutive closing on April 22.500 million yuan.The potential rise of Twin Tower Foods may be related to the express train with KFC artificial meat.On the morning of April 20th, KFC official WeChat released the news that “KFC’s golden chicken nuggets were born.”It is reported that the product is a vegetable protein product and does not contain chicken.In other words, this is a “artificial meat” product.On the same day, stockholders went to the interactive platform to question Shuangta Foods: Is KFC’s new chicken meat nuggets related to the company?Do you use company pea protein products?On April 21, Shuangta Foods replied: “There is an indirect supply relationship and the company’s pea protein products are used.”Some officials told the sauna and Yewang.” Recently, Starbucks and KFC are launching artificial meat products, mainly vegetable meat.However, vegetable meat is still a niche category. There is information asymmetry on the supply side and the demand side. Consumers are fresh and curious about these products, but they also have doubts about their safety. Therefore,Although artificial meat is a sunrise industry, it is still in the introduction phase.”Sauna, Ye Wang, editor of Yan Xia Li Weijia Xu Chao proofreading He Yan