Quick Reading of Annual Reports of 12 Meat Products Companies including Shuanghui, Yurun, and Longda:Over 80%of the companies show good performance
By: Date: 2021-05-17 Categories: industrynews Tags: ,
  Food Partner Network News With the release of the company’s 2020 annual reports, Food Partner Network summarizes Shuanghui Development, Longda Meat, Golden Ham, Delis, Shanghai Meilin, Yurun Foods , Guanghong Holdings, Huatong, Dacheng Foods, Huangshanghuang, COFCO Jiakang, and Fengxiang 12 meat products companies.
   Among them, more than 80%of the companies have shown good performance, including COFCO Jiakang, Dacheng Foods, Huangshanghuang, Longda Meat, Shanghai Meilin, Shuanghui Development, Golden Ham, Huatong Co., Ltd., Delis, Guangzhou Hong Holdings has 10 companies.
   On March 18, COFCO Jiakang Foods Co., Ltd. (“COFCO Jiakang”) released its 2020 results announcement, achieving revenue of 18.922 billion yuan, a year-on-year increase of 70.8%. Before the adjustment of the fair value of biological assets, the profit attributable to company owners was 2.881 billion yuan, an increase of 2.456 billion yuan year-on-year. After the fair value of biological assets was adjusted, the profit attributable to company owners was 3.995 billion yuan. Before the fair value adjustment of biological assets, the group’s net profit was 2.91 billion yuan, an increase of 2.537 billion yuan over the same period in 2019.
   On March 24, Dacheng Foods (Asia) Co., Ltd. (“Dacheng Foods” for short) released its 2020 annual report. In 2020, the group’s operating income was approximately 9.279 billion yuan, a year-on-year increase of approximately 15.5%; gross profit was 1.026 billion yuan, a year-on-year increase About 4.5%; profit attributable to shareholders of the company was 203 million yuan, a year-on-year increase of 51.8%; earnings per share were 0.2 yuan.
   On March 27th, Jiangxi Huangshanghuang Group Food Co., Ltd. (“Huangshanghuang” for short) released its 2020 annual report , In 2020, it will realize operating income of 2.436 billion yuan, a year-on-year increase of 15.09%; net profit attributable to shareholders of listed companies is 282 million yuan, a year-on-year increase of 28.04%; basic earnings per share are 0.55 yuan.
   On March 29, Shandong Longda Meat Food Co., Ltd. (referred to as”Longda Meat”) released its 2020 annual performance report. Operating income in 2020 was 24.102 billion yuan, a year-on-year increase of 43.27%; net profit attributable to shareholders of listed companies was 906 million yuan, a year-on-year increase of 276.06%; basic earnings per share were 0.91 yuan.
   On the evening of March 30, Shanghai Meilin Zhengguanghe Co., Ltd. (“Shanghai Meilin”) released its 2020 annual performance report, stating that its operating income in 2020 will be approximately 23.867 billion yuan, a year-on-year increase of 1.98%; attributable to listing The company’s shareholders’ net profit was approximately 405 million yuan, a year-on-year increase of 10.55 percent; basic earnings per share were 0.43 yuan.
   On March 31, Henan Shuanghui Investment Development Co., Ltd. (“Shuanghui Development” for short) released its 2020 annual report. In 2020, the company realized operating income of 73.863 billion yuan, a year-on-year increase of 22.47%; net profit attributable to shareholders of listed companies 6.256 billion yuan, an increase of 15.04%year-on-year.
   On the evening of April 14, Jinzi Ham Co., Ltd. (referred to as”Jinzi Ham”) disclosed its 2020 annual report. In 2020, the company achieved operating income of 710 million yuan, a year-on-year increase of 152.32%; net profit attributable to shareholders of listed companies was 59.3014 million yuan, a year-on-year increase of 76.78%.
   On the evening of April 15, Zhejiang Huatong Meat Products Co., Ltd. (referred to as”Huatong Co., Ltd.”) released its 2020 annual report. The company achieved operating income of 8.836 billion yuan in 2020, a year-on-year increase of 14.67%; attributable to shareholders of listed companies The net profit was 135 million yuan, an increase of 2.62%year-on-year; earnings per share were 0.3100 yuan.
   On April 20, Shandong Delis Food Co., Ltd. (“Delis” for short) announced its 2020 annual report. In 2020, it will realize operating income of 3.281 billion yuan, a year-on-year increase of 39.81%; net profit attributable to shareholders of listed companies is 29.104 million yuan, a year-on-year increase of 264.08%; earnings per share are 0.058 yuan.
   On the evening of April 27, Guangdong Guanghong Holdings Co., Ltd. (“Guanghong Holdings”) disclosed its 2020 annual report. During the reporting period, the company achieved operating income of 3.395 billion yuan, a year-on-year increase of 12.43%; attributable to a listed company Shareholders’ net profit was 302 million yuan, a year-on-year increase of 22.61%.
   In addition, Fengxiang shares experienced both revenue and profit declines. On March 31, Shandong Fengxiang Food Co., Ltd. (“Fengxiang shares”) disclosed its first annual report after listing. In 2020, the company achieved annual sales revenue of 3.902 billion yuan, a year-on-year decrease of 0.6%; before the fair value adjustment of biological assets, compared with the same period in 2019, gross profit decreased by 42.5%, profit for the period decreased by 78.6%, and the company’s owner’s share Profit decreased by 81.8%.
   In addition, Yurun Foods suffered losses. On April 22, China Yurun Food Group Co., Ltd. (“Yurun Food”) released its 2020 annual report, showing that the company’s revenue during the period was HK$15.213 billion, a year-on-year decrease of 0.08%; the loss attributable to the company’s equity holders was 2.019 billion In Hong Kong dollars, a loss of 48.8%compared with the same period in 2019; a loss of 2.012 billion Hong Kong dollars during the year.

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