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In the first quarter, the net profit is expected to increase more than 5 times. Under the epidemic, Sanquan Food’s quick-frozen dumplings are sold out of stock

In the first quarter, the net profit is expected to increase more than 5 times. Under the epidemic, Sanquan Food’s quick-frozen dumplings are sold out of stock
On the evening of April 7, Sanquan Food released the first quarter 2020 performance forecast.While disclosing the good news of the annual increase in performance, Sanquan Food also announced plans to use idle self-owned funds for securities investment, with the maximum amount not exceeding (inclusive) RMB 1 billion, and the source of funds is the company’s own funds.Sun Company did not sell it in vain. The net profit of Sanquan Food in the first quarter increased by more than 5 times in the first quarter of 2020. Sanquan Food’s net profit attributable to shareholders of listed companies is expected to be 24,909.180,000 to 26,114.470,000 yuan, an increase of 520% to 550% over the same period last year.For the reason for the pre-increased performance, Sanquan Food explained: report performance, the company through product structure adjustment, channel quality improvement, and profit margins are further restored; report performance, the company ‘s non-recurring profit and loss impact on net profit is expected to be 10200.550,000 yuan, which is mainly related to the equity transfer of Zhengzhou Quansheng Agriculture and Animal Husbandry Technology Co., Ltd.According to the Air Force announcement, Zhengzhou Quansheng Agriculture and Animal Husbandry Technology Co., Ltd. is a wholly-owned subsidiary of Chengdu Quanyi Food Co., Ltd., a subsidiary of Sanquan Food.”In order to optimize the industrial layout and adjust the industrial structure, Sanquan Food intends to transfer 100% equity of Zhengzhou Quansheng Agriculture and Animal Husbandry Technology Co., Ltd. to Sichuan New Hope Liuhe Agriculture and Animal Husbandry Co., Ltd. for a consideration of 135 million yuan.”It is worth mentioning that Sichuan New Hope Liuhe Agriculture and Animal Husbandry Co., Ltd. is a wholly-owned holding company of New Hope, a listed company.Orders increased under the epidemic, and products such as quick-frozen dumplings were out of stock at once. Sanquan Foods’ main military quick-frozen dumplings, quick-frozen dumplings, quick-frozen dumplings, quick-frozen noodles and other quick-frozen rice noodles and normal-temperature instant foods were produced and sold; claiming to be “the first domestic quick-freeze”The rice noodles food enterprise is also one of the largest and most extensively marketed enterprises in the initial production of quick-frozen food in China.”According to its performance report, Sanquan Food is expected to achieve an operating income of approximately 59 in 2019.”9.2 billion, an annual increase of 8.16%; net profit attributable to shareholders of listed companies is about 2.1.1 billion, an increase of 106 per year.69%.For the reasons, Sanquan Food stated that the traditional retail market has achieved significant improvement in operating efficiency through strategies such as optimizing product structure, actively expanding sales channels, and expanding internal organizational efficiency; the catering business market has continued to expand product research and development, expand production scale, and deepen channels, Performance has maintained steady growth.In 2020, the New Coronary Pneumonia epidemic attacks, will Sanquan Food be affected?On February 2, 2020, in response to investors ‘questions, Sanquan Food said: Considering the primary factors such as the Spring Festival of this year, the company arranged inventory and sales in advance before the holiday, which increased inventory preparation compared with the same period in history.Early rise, the company and channel inventory can meet the recent and Lantern Festival market demand.At the same time, the company is actively organizing logistics capacity and resuming production as required by local governments to ensure later market supply.In terms of quick-frozen retail business, “the frequency of meals within the family during the epidemic has increased, and the role of dumpling noodles as a family meal preparation has become prominent, and the demand for quick-frozen food has increased.From the terminal point of view, some terminal stores in some regions, such as quick dumplings and noodles, are out of stock. The stocks of distributors and supermarkets are digested faster before the holiday, and the inventory of channels has fallen. At the same time, the company’s order volume has increased to a certain extent over the same period.”Sanquan Food said.In terms of catering business, Sanquan Foods has been less affected by the epidemic compared with the overall situation of the catering industry. The reason is: “The company’s catering business accounts for a small proportion of the entire company’s revenue, but it is growing faster.During the epidemic, the number of people who have eaten out for dinner is reduced, and the catering business may be affected in the short term.From the perspective of customer structure, the proportion of large-scale chain catering customers in the company’s catering business is low, mainly due to the large proportion of self-employed social catering customers. Among them, just-needed breakfast shops and takeaway shops are the main customers. Consumers buy and leaveThe proportion is high, and the proportion of takeaway is high.”As for the impact of the new coronary pneumonia epidemic on the company’s overall performance, Sanquan Food responded:” The impact on the company’s performance, the order from the demand side and the increase in demand, while the company’s inventory and part of production recovery are still in business operationWithin reasonable limits.However, we are clearly aware that there are still uncertainties in the development of the epidemic situation, which may cause certain difficulties for the subsequent production and operation.We will do our best to actively cooperate with and follow the requirements of government guarantee supply to do a good job in food production security.”Sauna, Night Net, Yan Xia editor Yue Caizhou proofread Li Ming