Subdivision of the track is hot "small but beautiful" to activate new markets

time:2022-09-29 14:29:51 source:clevelanddrifters.com author:Aviation stock
Subdivision of the track is hot "small but beautiful" to activate new markets

In the first half of the year, many listed companies in the "small but beautiful" field handed over beautiful transcripts, and concept stocks related to sub-sectors such as prepared dishes and cultivated diamonds continued to be optimistic. Industry insiders said that with the increasing recognition of consumers, the scale of many "small but beautiful" industries is expected to continue to expand and achieve steady growth. The performance of the prefabricated vegetable industry is improving. Prefabricated dishes are convenient for "lazy people" and make businesses happy. Concept stocks related to prepared dishes, which have been popular for a long time, performed well. In particular, some listed companies that entered the market earlier continued to see a surge in performance in the first half of this year. On the evening of August 24, Guolian Aquatic released its 2022 semi-annual report. In the first half of the year, the company achieved revenue of 2.415 billion yuan, a year-on-year increase of 15.03%; net profit attributable to the parent was 32.8488 million yuan, a year-on-year increase of 222.01%. Among them, the pre-made vegetables business achieved revenue of 561 million yuan, a year-on-year increase of 36.17%. Liang Yongzhen, secretary of the board of directors of Guolian Aquatic Products, told the China Securities Journal that in the first half of this year, the company carried out omni-channel sales of pre-made dishes, and deeply cultivated catering channels and distribution channels. The company has formulated a development plan for pre-made vegetables. By 2025, the revenue of pre-made vegetables will exceed 2.5 billion yuan, with a compound annual growth rate of more than 30%. Anjing Foods, the "first stock of quick-frozen food", disclosed that in the first half of this year, the company achieved operating income of 5.275 billion yuan, a year-on-year increase of 35.47%; net profit attributable to the parent was 453 million yuan, a year-on-year increase of 30.35%. Among them, dish products achieved revenue of 1.39 billion yuan, a year-on-year increase of 185.33%. "In the first half of this year, the company reduced costs and increased efficiency in the B-end market of pre-made dishes, and at the same time seized the opportunity of rapid market development driven by factors such as the evolution of C-end consumption scenarios, and established three major categories of hot pot ingredients, noodles and rice products, and pre-made dishes." Going forward in three ways, making efforts in all channels' business strategy, in accordance with the strategy of 'self-production + mergers and acquisitions + OEM', we will continue to deepen the layout of the field of pre-made dishes." Liang Chen, secretary of the board of Anjing Foods, told the China Securities Journal that the company is starting to deploy the first A professional prefabricated vegetable factory, integrating production, sales and research, with a designed production capacity of 100,000 tons. In the first half of the year, Delis realized a net profit of 48.7525 million yuan attributable to its parent, a year-on-year increase of 122.25%. The company disclosed data related to prepared vegetables. In the first half of the year, this category achieved revenue of 305 million yuan, a year-on-year increase of 44.86%. The company said that the Shandong headquarters will add 100,000 tons of prefabricated vegetable production capacity, and the 50,000-ton prefabricated vegetable production capacity of the Shaanxi base is expected to be put into operation by the end of 2022. Spring Snow Food stated in its semi-annual report that the company's transformation and upgrading strategy has continued to advance steadily, and the sales of prepared products (pre-prepared vegetables) have maintained steady growth, accounting for more than 50% of revenue for three consecutive years, reaching 61% in the first half of this year. In the first half of the year, Chunxue Foods achieved operating income of 1.123 billion yuan, a year-on-year increase of 13.55%; net profit attributable to the parent was 42.6978 million yuan, a year-on-year increase of 12.57%. With the continuous improvement of the acceptance of pre-made vegetables in the C-end market, the sales of pre-made vegetables in major e-commerce and fresh supermarkets have soared. At the same time, pre-made dishes can effectively reduce the operating costs of restaurants and become a tool for catering companies to reduce costs and increase efficiency. According to the Industrial Securities Research Report, the pre-prepared vegetable industry has shown a high degree of prosperity before the epidemic. In 2019, the industry growth rate has exceeded 40%, and the compound annual growth rate in the past three years is 33.2%, showing a rapid development trend. Pre-made dishes are an emerging track in the field of quick-frozen food. The current penetration rate is low, and there is a lot of room for subsequent improvement. According to iiMedia Research, the market size of China's pre-made vegetables will reach 419.6 billion yuan in 2022, a year-on-year increase of 21.3%. According to industry insiders, consumers' ever-increasing requirements for the quality of pre-made dishes have spawned the application of new technologies in the pre-prepared food industry and constituted a barrier to competition in the pre-prepared food industry. Technological upgrading and innovation are important breakthroughs in improving the quality of prepared dishes, and new technologies and equipment for food processing have become the new track for the prepared dishes industry. Cultivated diamonds are emerging. Cultivated diamonds have become "beautiful boys" in the segmented field. The physical, chemical and optical properties of cultivated diamonds are the same as those of natural diamonds, but the price is only one-third of that of natural diamonds, and the difference between the two is difficult to distinguish with the naked eye. In recent years, the popularity of cultivated diamonds has soared in the domestic consumer market. At present, there are two main methods of producing diamonds: high temperature and high pressure (HTHP) and chemical vapor deposition (CVD). According to public data, the penetration rate of my country's cultivated diamond market in 2021 is 6.7%, lower than 12.3% in the US market and 8.0% in the global market. With the improvement of residents' income level and the deepening of their own consumption concept, the domestic cultivated diamond market is booming. This is also reflected in the performance of related concept stocks in the first half of the year. In the first half of the year, Power Diamond achieved an operating income of 448 million yuan, a year-on-year increase of 105.14%; a net profit attributable to the parent of 239 million yuan, a year-on-year increase of 121.39%. Among them, cultivated diamond products achieved revenue of 222 million yuan, accounting for 49.6%. According to the semi-annual report, the proportion of revenue from cultivated diamond products has increased, and the proportion of sales of high-grade large-grain products has increased, driving the overall gross profit margin to rise sharply. The company's gross profit margin and net profit margin are at the industry-leading level. Zhongbing Hongjian’s cultivated diamond business grew rapidly. In the first half of the year, Zhongbing Hongjian achieved revenue of 3.203 billion yuan, a year-on-year increase of 11.19%; net profit attributable to the parent was 702 million yuan, a year-on-year increase of 114.61%. Among them, the net profit of 680 million yuan was contributed by the subsidiary Zhongnan Diamond. In the first half of the year, SINOMACH achieved operating income of 1.981 billion yuan, an increase of 18.75% year-on-year; net profit attributable to the parent was 136 million yuan, an increase of 8.06% year-on-year. Zheshang Securities said that benefiting from the high prosperity of the cultivated diamond industry, the supply of forging six-sided top presses is in short supply. At the same time, an additional investment of 200 million yuan will be invested in the company's cultivated diamond investment project, which is expected to become a new growth point. Sifangda achieved revenue of 262 million yuan in the first half of the year, a year-on-year increase of 32.66%; net profit attributable to the parent was 89.3072 million yuan, a year-on-year increase of 82.93%. CITIC Construction Investment stated in the research report that the company's cultivated diamond growth process is at the leading level in the industry, and the production capacity is under rapid construction. The construction of 100 MPCVD diamond production lines has been basically completed, and the number of equipment is expected to reach 300-400 by the end of 2022. At the same time, traditional jewelry brands began to test the waters of the cultivated diamond business. In August 2021, Yuyuan Co., Ltd. launched the cultivated diamond brand "LUSANT"; in the first half of this year, Mancaron announced the establishment of a cultivated diamond sub-brand "Mucan OWNSHINE". In addition, Chao Acer joined hands with Power Diamond to launch a cultivated diamond brand, and China Gold plans to deploy in the field of cultivated diamonds. The prosperity of the cultivated diamond industry continues to improve. The agency predicts that China's cultivated diamond jewelry consumption will reach 1.5 billion US dollars by 2025, and the compound growth rate from 2022 to 2025 will be 26.91%. In 2025, my country's cultivated diamond consumption penetration rate is expected to increase to 17%.

(Responsible editor:Market analysis)