This article is the growth ability of the condiment series of articles, and a total of 13 condiment companies are selected as research samples.
The growth ability evaluation indicators selected in this paper are revenue compound growth, net profit compound growth, non-net profit compound growth, and operating net cash flow compound growth, and take the operating data of the past five years as a reference. Data is based on history and does not represent future trends; it is for static analysis only and does not constitute investment advice.
From the perspective of compound revenue growth in the past five years, 6 enterprises such as Tianwei Food, Qianhe Flavor Industry, Fuling Squeezed Vegetables, Angel Yeast, Haitian Flavor Industry and Zhongjing Food have compounded growth by more than 15%, of which Tianwei Food has a compound growth rate of 36.94%.
The main business of Tianwei Food is engaged in the research and development, production and sales of Sichuan flavor compound seasonings; the company's main products are hot pot base, Chinese dish seasoning, sausage bacon seasoning, chicken essence, spicy sauce, sweet noodle sauce.
In terms of revenue composition, the revenue of hot pot base accounted for 51.60% and the gross profit margin was 41.27%; the revenue of Sichuan cuisine seasoning accounted for 40.08%, and the gross profit margin was 41.47%.
From the perspective of the compound growth of net profit in the past five years, 6 enterprises such as Zhongjing Food, Fuling Juice, Angel Yeast, Zhongju High-tech, Tianwei Food and Haitian Flavor Industry have compounded growth of more than 20%, of which Zhongjing Food has a compound growth rate of 39.13%.
The main business of Zhongjing Food is the research and development, production and sales of seasoning ingredients and seasoning foods; the company's main products are Zhongjing shiitake mushroom sauce, Jindao beef sauce, Zhongjing special seasoning oil, spicy team fresh chili sauce, Zhongjing hot pot ingredients, Zhongjing pepper series ingredients, Zhongjing pepper series ingredients.
In terms of revenue composition, the revenue of seasoned food accounted for 53.71%, and the gross profit margin was 42.38%; the revenue of seasoning ingredients accounted for 45.95%, and the gross profit margin was 39.77%.
From the perspective of the compound growth of non-net profit in the past five years, 6 enterprises such as Zhongjing Food, Fuling Juice, Zhongju High-tech, Angel Yeast, Qianhe Flavor Industry, and Haitian Flavor Industry have compounded growth of more than 20%, of which Fuling Juice Has a compound growth rate of 34.49%.
Fuling Cai Cai is engaged in the development, production and sales of convenient foods such as squeezed vegetables, radishes, kimchi, next meals and other accompaniment dishes. The main products are squeezed vegetables, radish, kimchi, and next meals. The company has formed its own production capacity with an annual output of 61,000 tons of squeezed vegetable products, becoming the largest squeezed vegetable processing enterprise in China, and the first in the national market share of squeezed vegetable pickled vegetable products.
In terms of revenue composition, squeezed vegetables are the main source of income, accounting for 86.90% of revenue and gross profit margin of 59.82%; kimchi revenue accounts for 6.77%, gross profit margin of 40.76%; radish revenue accounts for 4.39%, gross profit margin of 54.78%.
Judging from the compound growth of operating net cash flow in the past five years, the compound growth rate of Three enterprises, such as Qianhe Flavor Industry, Angel Yeast and Fuling Juice Vegetable, exceeded 20%, of which the compound growth rate of Qianhe Flavor Industry reached 52.99%.
Qianhe Flavor Industry is engaged in the research and development, production and sales of high-quality soy sauce, vinegar, cooking wine and other condiments. In 2001, it expanded to the downstream and began to engage in the research and development, production and sales of soy sauce, vinegar and other condiments.
In terms of revenue composition, soy sauce is the main source of income, accounting for 62.24% of revenue and gross profit margin of 48.34%; vinegar revenue accounts for 17.26%, gross profit margin of 41.85%.
Condiment growth ability ranking
Note: In the growth ability list, the scores of each indicator are converted according to the ratio of 10/13, and the comprehensive score is the average of each indicator. If a metric has a numeric value but no score (i.e. the table is a space), the metric weight decreases.