Snacks Snack Bread "Home Economics" Concept Stocks First Quarter Cash

After the noodle is out of stock, a variety of convenience foods related to "eating" also appear in the sales volume.

Affected by the stockpiling during the epidemic, Twin Towers food, Yanjin shop, peach and bread, three full food and other first quarter net profit increased significantly, showing the consumption toughness of selected consumption.

In particular, the signs of recovery in food consumption are increasingly evident from the link data. In March, when the total retail sales of consumer goods increased by 15%, the residents' consumption was steady. Grain, oil, food, beverages, Chinese and Western medicines and so on maintained a positive growth. The growth rate was 19.2%, 6.3% and 8% respectively.

At the same time, from the perspective of market reaction, the food industry is also one of the most robust sectors during the epidemic. Since the beginning of March, the food index has risen from 6776 to 7690, with a cumulative increase of 13%.

With the gradual easing of domestic epidemic, the industry believes that the demand for food industry will gradually recover. "Retaliatory consumption is not expected to happen. The whole industry should be gradually restored. Since April, the company and industry have recovered fairly well, and sales volume has shown a trend of gradual growth." In April 20th, a Guangdong food industry analyst told reporters.

The house eats and eats.

Compared with other industries, most food companies are less affected by the epidemic. Especially in the first quarter of the spread of domestic and international epidemic situation, its relatively high certainty performance has been sought after by the market.

Haitian flavor industry, Fuling pickled mustard tuber, Yanjin shop, QQ food, peach and plum bread, flavor food, Shuanghui food and other stock prices all hit a record high this year.

At present, the annual reports of food enterprises are more than half disclosed, and their revenue performance shows a healthy growth.

First is the "dry food" nature of the food, in addition to the "home to eat noodles" Kun Ming industry performance increased significantly, the main "fans" and "artificial meat" of Twin Towers food, also in the first quarter sales broke out.

According to a quarterly bulletin in 2020, Twin Towers made a profit of 55 million 754 thousand and 700 yuan to 70 million 622 thousand and 600 yuan, an increase of 50% to 90% over the same period last year.

"After the outbreak, the company responded positively. On the basis of doing a good job in the prevention and control of the epidemic situation, we made solid efforts to promote resumption and resumption of production. The sales of our main business products were good, and the production and operation in the first quarter were in good condition." Twin Towers food said.

A quarterly report of peach and bread shows that business income reached 1 billion 323 million yuan, an increase of 15.79% over the same period, and net profit of 194 million yuan, an increase of 60.47% over the same period last year.

Although the peach and bread did not disclose the reasons for the substantial increase in performance, the industry judged that the demand for food stockpiling at home during the epidemic period was mainly promoted, and the channel inventory in February decreased rapidly.

Followed by the rapid increase in sales of frozen foods, due to the frequency of "home eating" during the epidemic period, the demand for dumpling noodles increased, and the role of quick-frozen food was reflected.

Therefore, the net profit from the third quarter is estimated to be 150 million yuan to 160 million yuan, up 306%-339% from the same period last year.

In addition to these rigid demands, the epidemic is also affecting the "snack" event.

The first quarter of the Yanjin store, which sells potato chips, dried bean curd, preserved fruits and dried fruits, showed a profit of 50 million yuan to 60 million yuan, an increase of 75.52% to 110.63% over the same period last year.

However, it is worth noting that the three squirrels, who also have the main leisure snacks, have lost their performance in the first quarter.

The reason is closely related to the layout of the channel. For example, affected by the epidemic, three squirrels offline stores closed, online sales were blocked by logistics, and profits fell in the first quarter. Yanjin shops benefit from the super layout, especially after the strategic transformation of the company.

At the annual general meeting of shareholders held at the Yanjin shop in 2019, Zhu Zhengwang, director general of the company, said that the sales of the company during the main season of the Spring Festival were basically completed before the outbreak of the epidemic, and that there was no excessive impact on the epidemic. At the same time, the company's channel was dominated by offline businesses. Therefore, the epidemic has little effect on the sales volume of the company.

In addition to the above companies, the market generally believes that the core items of snack foods, quick-frozen meat products, such as QQ food, Anjoy food, Shuanghui food and so on, will also usher in a brilliant performance. For instance, the company's online sales performance is better during the epidemic period, according to recent food research activities.

Consumer demand will gradually pick up

With the gradual easing of domestic epidemic, some market participants believe that the consumer industry will usher in a wave of retaliatory rebound after the outbreak.

However, many experts told the economic news reporters twenty-first Century that the epidemic had a deeper impact on the economy, including prices, incomes and confidence. "Generally speaking, the consumption restriction under the line is difficult to fully liberate in the short term. In addition, the level of income of residents affected by the epidemic is decreasing to varying degrees, or further inhibiting consumer demand, and it is difficult to rebound quickly in the short term."

Looking forward to the future, the performance certainty of the selected consumption is still strong, and the elasticity of optional consumption will appear quarterly. That is to say, whether it is compulsory or optional consumption, it will be a gradual process of warming up.

"Domestic consumption is the most definite direction in the two quarter. The trend of recovery in the two quarter is clear, and the direction of stimulating consumption and expanding domestic demand is also determined. Among them, the consumer demand must be determined, but it should be noted that its valuation is generally more than 80% points in history. Therefore, the current proposal is based on the long-term growth and core competitiveness of the company, focusing on the leading companies. A food industry analyst in Shanghai said.

Liu Chang, an analyst with Tianfeng securities and beverage industry, believes that the upstream of the catering industry chain has been successfully transferred from the B terminal to the C terminal during the epidemic period. The impact of the epidemic on the leading consumer spending will have a long tail effect, which will lead to the enlargement of the consumption stickiness, and the performance will increase or continue for the whole year.

Liu Chang also summed up three categories of targets that might benefit: a part of the order is postponed, and the resonance of subsequent replenishment and raising price is reflected in the case of a shortage of supply. It is represented by the Keming industry and Shuanghui development; two, some consumption habits that will arise during the epidemic period will continue, such as the food of Western wheat and Angel yeast. Three, the spread of the overseas epidemic is likely to accelerate domestic manufacturers. Alternatives such as milk powder.

Take the peach and plum bread as an example, China Merchants Securities Research Report believes that with the gradual resumption of passenger traffic, the two quarter is expected to further improve. The lagging behind of the student group is expected to bring incremental stimulation to the two quarter. It is estimated that the company will basically enter the right track in the two quarter, and the healthy growth trend is expected to continue. (Editor: Wu Yan Ling)

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