"Eat Noodles With Pickled Mustard Tuber", Quick-Frozen Foods Are Popular, A Share "Pure Domestic Demand" Consumer Prices Come?

In recent days, Nanjing, Ningbo, Ji'nan and other places have issued "consumer coupons" to promote the consumption of "combined boxing", and basic consumption has aroused market concern.

In March 24th, after Fuling's pickled mustard tuber, golden ham and Simai foods got the limit, in March 25th, the food sector continued to grow stronger, GUI FA Xiang and Xi Wang food limit, jiawok shares and Twin Towers food increased by over 6%.

Zhang Xia group analysis of investment strategy pointed out that A shares will gradually become negative in the next period of time, and gradually build up the bottom line. "Pure domestic demand" is the main direction of the next stage of layout.

Shanxi securities also pointed out that "compared to the B terminal frozen foods have been greatly affected, C terminal frozen foods, convenience snacks, basic dairy products and other necessities of consumer demand continue to grow."

Frequent institutional research

Under the influence of the epidemic, the performance of some consumer enterprises has benefited.

The first industry of China's surface industry is expected to achieve net profit of 85 million 635 thousand and 800 yuan to 110 million yuan in the first quarter of 2020, an increase of 40%-80% over the same period last year.

"Noodle business, there are currently 44 production lines put into production, with 4 production lines plus OEM, Nissan can reach 2160 tons, compared with the end of 2019, the production capacity has increased by more than 20%. Instant noodle business has accumulated more than 400 thousand cases in March. The two noodle production lines in Yanjin have been fully loaded, and the" five Valley "noodle business in February has a profit of over 3 million in one month. Prior to the Kaiming industry, it was mentioned by 76 investment institutions such as Celestica fund and Yi Fangda fund.

In addition, Chen Yan, deputy director of the Kaiming noodle industry, will mention on the phone that as of March 8th, the cumulative order of noodle in March has exceeded 65 thousand tons.

In addition to the kiming noodle industry, the "noodle" market has been challenged to sell instant noodle.

In 2019, Kangshifu held a net profit of 3 billion 331 million yuan, an increase of 35.22% over the same period, of which the instant noodle business made a net profit of 2 billion 200 million yuan. Affected by this, in March 24th, Kangshifu holdings rose 9.03%.

There are also frozen food companies favored by organizations.

In March 25th, Haixin food, known as the "century fish ball family", hit a new high price in the past month.

Haixin's main frozen fish products and quick frozen meat products were also supplied for seafloor fishing. In February 28th and March 2nd, 50 or 32 institutions were investigated.

In March 2nd, in the face of 32 institutions such as Huachang securities, Ping An Securities, huitianfu fund and Cathay Pacific Fund, Hai Xin food said, "at present, all the production bases of the company have been resumed (Zhoushan raw material base resumed in February 29th). Finished product capacity recovery rate reached 80%. Logistics, the initial stage of recovery is a big bottleneck, logistics is blocked. At present, the logistics situation has been greatly improved, and it will be adjusted according to the implementation of policies. "

For the future capacity planning, Haixin food said, "in November 2019, the general meeting of shareholders approved the proposal to invest 100 thousand yuan in the construction of 100 thousand tons of fish products in Lianjiang County Economic Development Zone in Fuzhou with the implementation of the main body of the company. The project will be implemented in two phases: the first phase will invest 483 million yuan, and the two phase will invest 202 million 900 thousand yuan, which is expected to be opened in the fourth quarter of 2021. We are going into production gradually. "

Haixin food, the "Fujian native" Anjoy food, mainly produces quick-frozen chafing dish products (mainly frozen meat products, quick frozen meat products) and quick-frozen flour rice products.

In the 2019 performance bulletin, Anjoy food is expected to achieve revenue of 5 billion 267 million yuan a year, an increase of 23.66% over the same period, and a net profit of 373 million yuan, an increase of 38.14% over the same period last year.

In March 5th, Anjoy's stock price jumped to 86.18 yuan, the highest share price in recent years.

In addition, the 106 frozen food products were also investigated in February 2nd.

According to the three foods, "during the period of the epidemic, from the terminal, some products such as quick-frozen dumplings and pastry products in some parts of the area appeared to be out of stock, and the inventory of dealers and merchants before the super holiday period was faster, and the channel inventory was lower than that in the same period of history. The order volume increased by a certain period over the same period". Customers are bigger than others. Among them, breakfast shops and takeout shops that are just needed are the main force of customers. Consumers take up the proportion of buying and selling, taking the proportion of takeaway and having a relatively low impact.

In 2019, the total revenue was 5 billion 990 million yuan, an increase of 8.16% over the same period last year, and net profit of 210 million yuan, up 106.69% from the same period last year.

On the one hand, the traditional retail market optimizes product structure, actively develops sales channels, and increases internal organization efficiency. On the other hand, the catering business market continues to increase product development, expand production scale and deep plough channels. Three full foods explain the steady growth of performance.

Poor performance agencies still rush to raise funds

However, the demand for eating noodles and quick-frozen foods increased. In March 25th, Chinese food industry commentator Zhu Dan Peng said, "this is a temporary increase brought by the epidemic, but the industry side has not been greatly upgraded and accelerated the process of iteration."

Zhu Danpeng's worries are not unreasonable.

Judging from the performance in 2019, some food enterprises are not ideal.

According to the 2019 performance bulletin, Haixin food is expected to achieve revenue of 1 billion 385 million yuan, up 21.03% from the same period last year, but net profit decreased by 80.39% compared to the same period last year, only 6 million 842 thousand yuan.

In this regard, Haixin food explained, "on the one hand, affected by the sharp rise in raw material prices such as meat and gross margins, on the other hand, the annual investment income of Shanghai cat Cheng e-commerce Limited by Share Ltd participating in shares decreased by 5 million 460 thousand and 400 yuan compared with the same period last year. In addition, 19 million 78 thousand and 200 yuan was invested in the long term equity investment of Shanghai feline, which reduced the net profit of the company in 2019 by 14 million 308 thousand and 700 yuan."

Another "white horse share", which was closely watched by the fund, did not perform well in Fuling pickled mustard tuber. Its net profit in 2019 was 605 million yuan, down 8.55% from the same period last year, the first negative growth since 2015.

Coincidentally, the fast food industry's Hui FA food is expected to net profit of 5 million yuan -700 million yuan in 2019, down by about 85%-89% compared with the same period last year.

However, the decline of annual report performance last year did not seem to block the enthusiasm of fund layout.

Fuling pickled mustard tuber was harvested in March 24th. After the data showed that the active participation of institutional funds, of which the north to buy a net net purchase of 105 million yuan, the other two agencies to buy a total of 83 million 510 thousand yuan seats.

Some agencies believe that the epidemic will bring about changes in people's lives, which may be one of the reasons for the institutional layout. Investment strategy Zhang Xia team pointed out that "pure domestic demand" will be the main direction of the next stage of layout.

Bohai Securities pointed out that in the long run, most of the food and beverage industries have the attributes of the required consumption, and the cash flow is good, and the resumption of growth is expected to be achieved under the three moat products, brands and channels. At the same time, the outbreak will accelerate the clearance of small and medium-sized enterprises, and further enhance the concentration of leading enterprises, and the situation of strong and strong will be clearer.

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