November 1 Xiangpiaopiao up and down analysis: beverages, big consumption concept hot stocks

Xiangpiaopiao closed with a closing price of 16.34 yuan. The stock rose at 10:33, did not open the limit, and the closing order was 17.6848 million yuan, accounting for 0.27% of its circulating market value.

In terms of capital flow data, the net inflow of main funds on the day was 14.1009 million yuan, the net inflow of floating funds was 15.5815 million yuan, and the net outflow of retail funds was 7.3844 million yuan. A list of capital flows in the past 5 days can be found in the following table:

The stock is a beverage, a hot stock with a large consumption concept, and the beverage concept rose 0.58% on the day.

The investment logic of the stock is as follows:

1, cup milk tea faucet, the share for 5 consecutive years to maintain the first, 17 years to launch the "MECO milk tea" and "Lanfangyuan" stocking milk tea is popular with consumers

2, cup milk tea faucet, the share for 9 consecutive years to maintain the first, the main products for the "Xiangpiaopiao" brand cup milk tea (solid + liquid), "MECO Honey Valley" brand juice tea, "MECO milk tea" and "Lanfangyuan" series of liquid milk tea, in 2020 milk tea industry revenue of 3.725 billion yuan, the main business accounted for 100%

From the perspective of financial status, Xiangpiaopiao's 2021 third quarter report shows that the company's main revenue was 1.974 billion yuan, up 4.29% year-on-year; net profit attributable to the mother was 39.3955 million yuan, down 11.45% year-on-year; deducting non-net profit - 22.6441 million yuan, down 1147.67%; among them, in the third quarter of 2021, the company's single-quarter main revenue was 886 million yuan, down 1.76% year-on-year; single-quarter net profit attributable to the mother was 102 million yuan, down 6.2% year-on-year. In the single quarter, the non-net profit was 75.7295 million yuan, down 20.02% year-on-year; the debt ratio was 40.0%, the investment income was 20.0803 million yuan, the financial expense was -2.1151 million yuan, and the gross profit margin was 32.23%.

The Securities Star Valuation Analysis Tool shows that Xiangpiaopiao (603711) has a good company rating of 3.5 stars, a good price rating of 3.5 stars, and a valuation comprehensive rating of 3.5 stars. A total of 4 institutions have given ratings, 3 buy ratings and 1 overweight rating in the last 90 days; the average target price of institutions in the past 90 days is 20.7;

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.