On the evening of October 27, "Bubble Claw King" Youyou Food (603697) released the third quarter report of 2021, achieving operating income of 928 million yuan from January to September this year, an increase of 13.78% year-on-year; net profit attributable to shareholders of listed companies of 182 million yuan, a slight decrease of 1.21% year-on-year; net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses of 1.66% of 100 million yuan, down 2.85%, and basic earnings per share of 0.59 yuan.
Push boneless claws and boneless duck palm series
From July to September this year, Youyou Food achieved operating income of 325 million yuan, an increase of 19.59% year-on-year; net profit attributable to shareholders of listed companies was 51.9265 million yuan, a decrease of 4.86% year-on-year; net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 47.7329 million yuan, down 11.24%.
Youyou Food proposed at the beginning of this year that the operating income growth target for 2021 is not less than 10%, and the first three quarters exceeded the plan. There is still work to be done to reach the 15% equity incentive target.
Since the beginning of this year, while optimizing and iterating on the existing product categories, Youyou Food has continuously strengthened the development and promotion of new products, and launched three flavors of lemon, rattan pepper and spicy boneless claw and boneless duck palm series products to adapt to the current consumption habits and consumption trends and meet the diversified needs of consumers.
On the other hand, as online purchasing has gradually become a mainstream consumer channel, the company has adjusted the operation strategy of the official flagship stores of platforms such as Tmall and JD.com, and actively tried to cooperate with new e-commerce channels such as Douyin and Pinduoduo, hoping to bring new breakthroughs to the next step of development.
Granted 937,000 restricted shares
Youyou Food also announced that the implementation of the reserved part of the 2021 restricted stock incentive plan will grant 937,000 shares to 50 backbones, including 150,000 shares of Deputy General Manager Lu You, 60,000 shares of Liu Yucan, secretary of the board of directors, 20,000 shares of directors and financial director Cui Haibin, 47 middle-level managers and core backbones of 707,000 shares, and the adjusted grant price is 8.32 yuan per share.
The main performance unlocking conditions are: based on the operating income in 2020, the revenue growth in 2021-2023 is not less than 15%, 33% and 55%, respectively.
In March this year, Youyou Food granted a total of 3.763 million restricted shares to 236 directors, executives, cadres and core backbones including Li Xuehui at a price of 8.64 yuan per share.
On October 27, Youyou Food closed at 16.52 yuan, down 1.55%, with a turnover rate of 1.48% and a total market value of 5.090 billion yuan.
Upstream News Chief Reporter Liu Yong Intern Li Sinian
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