China Securities Network News (Wang Luo) Angel Yeast recently disclosed the third quarter report of 2021, the company achieved revenue of 7.594 billion yuan in the first three quarters, an increase of 18.17% year-on-year, and achieved a net profit attributable to the mother of 1.018 billion yuan, an increase of 0.54% year-on-year. Among them, the company achieved operating income of 2.36 billion yuan in the third quarter, an increase of 13.22% year-on-year; net profit attributable to the mother of 190 million yuan, down 35.23% year-on-year; basic earnings per share of 0.23 yuan.
The company said that due to the sharp increase in costs due to the rise in the prices of molasses, chemical raw materials, energy, etc., the provision of equity incentive expenses led to a sharp decline in net profit in the third quarter. At present, the company has raised the price of some products, and in the future, the company will also adopt corresponding price adjustment strategies for different products and different stages of the product cycle according to the business strategy and market conditions to maintain the objectivity and fairness of product pricing.
Previously, the company disclosed the 2021 non-public issuance of A-share shares (revised draft), and it is expected that the total amount of funds raised will not exceed 2 billion yuan to expand production capacity. At the same time, on the basis of continuing to consolidate the main business, Angel Yeast also carries out a multi-field layout, and its wholly-owned subsidiary Angel Nut for the rapid development of the baby and child snack food business sector, intends to establish a joint venture with Kang Helong, seeking to open up new opportunities in the field of baby and child snack supplements.
According to the data, Angel Yeast is an industry leader, the first yeast production enterprise in Asia and the third largest in the world, and is in an absolute leading position in the domestic market.
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