Jiashili hopes to maintain double growth
Tan Chaojun, vice chairman of Jiashili (1285), said that the economic environment in the Mainland was weak in the first half of the year, but sales revenue and net profit still maintained double-digit growth. If there are no major unfavorable factors, it is expected to maintain double-digit growth in the second half of the year, and hope to reach a sales target of 2 billion yuan (RMB, the same below) in 2020.
Jiashili's interim sales revenue increased by 10.45% to 500 million yuan, and net profit increased by 11.35 percent to 55 million yuan. He pointed out that the company will launch new cake products in the second half of the year. At present, the production line installation and trial operation have been completed. It is expected to be launched in September at the earliest. The target for this year is to record 20 million yuan in sales. He expects that the profit margin of the cake is higher than that of the biscuit. For example, the gross profit margin of the biscuit business in the first half of the year is 36.7%, and the gross profit margin of the cake can be around 40%.
The first phase of Henan new plant is put into operation soon
In addition, the company is also committed to the development of a new generation of consumer markets and e-commerce, and hopes to cooperate with companies operating e-commerce to entrust more professional groups to develop e-commerce business. At present, overseas sales account for 3% of turnover. I believe that there are huge development opportunities under the policy of “One Belt, One Road”, but we have not considered setting up factories overseas. He added that the new plant in Tangyin County of Henan Province can help the company reduce transportation costs. The first phase will be put into operation in the fourth quarter. It is expected that the second and third phases will start in the second half of next year to 2018.