October 28 Guangzhou restaurant up and down analysis: catering, snack food, food concept hot stocks

Guangzhou restaurant rose and closed, closing at 21.99 yuan. The stock rose and fell at 11:13, opened the limit three times, and the closing order was 3.368 million yuan, accounting for 0.03% of its circulating market value.

In terms of capital flow data, the net inflow of main funds on the day was 21.4031 million yuan, the net inflow of floating funds was 11.3108 million yuan, and the net outflow of retail funds was 4.1043 million yuan. A list of capital flows in the past 5 days can be found in the following table:

The stock is a hot stock for catering, snack food, food concept, the day's catering concept rose 1.84%, and the snack food concept rose 1.81%.

The investment logic of the stock is as follows:

1. China time-honored brand, Lingnan leading food; the company's main products cover mooncake series products, quick-frozen food, wax flavor, cake crisp, bread, pastry, etc.; it has a number of well-known brands such as "Guangzhou Restaurant", "Tao Tao Ju", "Likoufu", "Autumn Wind", "Grain Fengyuan", etc.; the company combines online + offline sales and other forms to achieve business standardization and large-scale management of supermarkets, food counters in catering stores, Likoufu food chain stores, and e-commerce platform stores In 20 years, the revenue of food manufacturing industry was 2.996 billion yuan, accounting for 82.01% of the revenue.

2. Lingnan characteristics of the long-established catering group focusing on Cantonese catering; the company was founded in 1935, with the coordinated development of "food + catering" dual main business, the catering sector has 26 brand catering stores such as "Guangzhou Restaurant", "Tao Tao Ju", "Tianjia", "Xingyu City" and so on, of which "Guangzhou Restaurant" and "Tao Tao Ju" are Chinese time-honored brands; 20 years of catering industry revenue of 489 million yuan, accounting for 14.87% of revenue

From the perspective of financial situation, Guangzhou Restaurant's 2021 third quarter report shows that the company's main revenue was 3.016 billion yuan, up 17.69% year-on-year; net profit attributable to the mother was 444 million yuan, up 23.41% year-on-year; deducting non-net profit was 431 million yuan, up 19.78% year-on-year; among them, in the third quarter of 2021, the company's single-quarter main income was 1.784 billion yuan, up 10.15% year-on-year; single-quarter net profit attributable to the mother was 406 million yuan, up 16.68% year-on-year. In a single quarter, the non-net profit was 401 million yuan, up 16.45% year-on-year; the debt ratio was 42.03%, the investment income was 6.0672 million yuan, the financial expense was -18.2083 million yuan, and the gross profit margin was 38.26%.

The Securities Star Valuation Analysis Tool shows that Guangzhou Restaurant (603043) has a good company rating of 3.5 stars, a good price rating of 3.5 stars, and a comprehensive valuation rating of 3.5 stars. A total of 22 institutions have given ratings in the last 90 days, with 14 buy ratings and 8 overweight ratings; the target average price of institutions in the past 90 days is 30.51;

This article is compiled by the Securities Star Data Center based on publicly available data and does not constitute investment opinions or suggestions, if there are any problems in the text, please contact us.