On April 26, the 2023 online performance briefing of Jiangsu Runpu Food Technology Co., Ltd. (hereinafter referred to as "Runpu Food"), a company listed on the Beijing Stock Exchange, was held in China Securities Journal and China Securities Network. In 2023, Runpu Food will achieve an operating income of 518 million yuan and a net profit attributable to the parent company of 9.9084 million yuan, and in the first quarter of 2024, the company will achieve an operating income of 136 million yuan and a net profit attributable to the parent company of 4.1941 million yuan.
According to public information, Runpu Food is a high-tech enterprise that has been deeply engaged in the field of food additives for many years, specializing in the research and development, production and sales of food additives. The company mainly produces and sells food additives such as potassium sorbate and calcium propionate, so as to achieve product sales revenue and processing fee income and obtain profits. At the same time, according to customer needs, the purchase of sodium tripolyphosphate and acid sodium pyrophosphate and other related products to achieve trade income and profits.
Runpu Food Factory. Image source: Courtesy of the company
Runpu food central control room. Image source: Courtesy of the company
Guest of honor at the performance briefing
Chairman Pan Rulong
Director and General Manager Xiong Xinguo
Zhang Aiping, Secretary of the Board of Directors and Head of Finance
Sponsor Representative: Lu Wei
frequently asked questions
Q: What has the company done to improve its performance, and what is the progress?
Answer: In view of the current operating conditions, the company strives to take effective measures to actively improve the operating and financial conditions, and at the same time strengthen the construction of internal control and enhance the overall competitiveness, so as to enhance the ability to continue operations and profitability.
Specific measures include: 1. By actively participating in international and domestic major industry exhibitions, increasing market development efforts, formulating targeted marketing and competitive strategies, and expanding market share; at the same time, strengthening production technology management, improving product and service quality, optimizing product structure, and comprehensively improving the market competitiveness of the company's products, laying the foundation for the growth of operating income, and promoting the steady improvement of economic benefits of enterprises.
2. Increase investment in scientific and technological research and development, complete the annual research and development of new processes, new technologies and new products, and complete the introduction of advanced equipment and the upgrading of existing equipment.
3. Continue to implement the leadership, talent training, and talent echelon construction of outstanding middle and senior management cadres of the enterprise, and complete the annual training plan.
4. Strengthen safety and environmental protection management, comprehensively standardize the management of waste disposal and equipment maintenance, maintain the good operation of environmental protection equipment and instruments, and resolutely achieve zero safety and environmental protection accidents.
5. On the basis of strict implementation of corporate governance and internal control system, continue to improve various management systems and work processes, clarify the code of conduct for directors, supervisors, senior executives, important shareholders and managers at all levels, do a good job in information disclosure according to the requirements of the China Securities Regulatory Commission and the Beijing Stock Exchange, and establish an enterprise operation mechanism with a sound system and standardized governance and healthy development, so as to lay the foundation for the long-term healthy development of the company.
Q: What are the company's competitive advantages?
A: Process advantages. The company is one of the main manufacturers of preservative food additives in China, has been recognized as a provincial high-tech enterprise, and has set up a provincial engineering technology research center. After years of accumulation, the company has accumulated strong process advantages in the production of calcium propionate and potassium sorbate.
Customer resource advantage. The food additives industry has certain customer barriers, and the end customer often goes through a long-term investigation before determining the supplier, and for food safety and other considerations, once selected, it will not be easy to change the supplier. The company attaches great importance to the development and maintenance of customers, and has established good cooperative relations with well-known enterprises such as BASF (China), Eastman and Cargill with stable product supply capacity and excellent product quality, and has accumulated rich customer resources.
Quality management advantages. After years of development and accumulation, the company has established a series of quality management systems such as quality control, quality assurance and quality improvement, and formed a complete quality management system, which runs through the whole process of raw material procurement, production and sales, and has been implemented in actual operation to ensure excellent and stable product quality.
Q: Could you please introduce the development trend of the industry?
A: The demand for mid-to-high-end food additives is rising. Due to the increasing public attention to food hygiene and safety and the stricter supervision of the food additives industry by the state, the demand for medium and high-end food additives in downstream food and beverage industries will rise significantly, and some low-end food additives will be gradually eliminated.
Industry concentration has increased. In the future, the food additives industry will further develop towards high-end and branding, which will bring more development dividends and development space to enterprises with obvious advantages in brand, market, quality control, product research and development, capital, talent and management.
Reviewer: Ren Mingjie Editor: Jiao Yuanyuan Proofreader: Wang Yin Producer: Li Ruoyu Signed: Sun Hong