The price of some noodles is going up too! “The first stock in the noodle industry” Keming Food announces price adjustment
After soy sauce, melon seeds, paper towels, edible salt, vinegar, soy milk, quick-frozen food and other mass consumer goods have announced price increases, it is finally the turn of the staple food.
On the evening of November 12, Keming Food announced that it would increase the prices of the company’s various products. The company will implement the new price policy from December 1, 2021, but did not mention the price increase. This is the first time this “noodle industry stock” has announced a price increase since it went public in 2012. The financial report shows that its main products are noodles, flour, instant foods, etc.
Keming Foods stated in the announcement that in view of the continuous increase in the cost of flour, packaging materials, and transportation, in order to better provide distributors and consumers with high-quality products and services, and promote the sustainable development of the market and industry, after the company’s research and careful consideration Decided to increase prices for the company’s various series of products, and the company will implement the new price policy from December 1, 2021.
Keming Food said that the price adjustment of some products this time may have a certain impact on market sales, and the impact of price adjustments on the company’s future performance is uncertain. Investors are advised to invest rationally and pay attention to risks. Keming Food’s latest financial report for the third quarter of 2021 showed that its revenue in the first three quarters was 3.08 billion yuan, an increase of 5.61% year-on-year; the net profit attributable to shareholders of listed companies was 75,755,600 yuan, a year-on-year decrease of 73.75%. Among them, the third quarter achieved revenue of 1.029 billion yuan, an increase of 5.23% year-on-year, and realized a net profit of 32.635 million yuan, a year-on-year decrease of 50.57%.
Public information shows that the company has been focusing on the research and development, production and sales of rice and noodle products, mainly including noodles, flour, convenience food and other products, of which noodle products account for about 60%. A reporter from China Fund News noted that this is the company’s first announcement of a product price increase since its listing on the Shenzhen Stock Exchange on March 16, 2012.
Regarding the price increase of noodles, netizens first thought of “turn off the lights and eat noodles”, saying that “the leeks will not be able to eat noodles if they want to turn off the lights in the future.” Some said that the company should first control its own costs instead of raising prices, and some said that “why can Keming not increase prices because of all price increases”.
The latest shareholder data disclosed by Keming Food shows that its latest number of shareholders is 43,600, a slight increase from the end of October.
Since the soy sauce leader Haitian flavour industry first announced a price increase on the evening of October 12, more than 10 public consumer goods listed companies have announced price increases in this round. Including Haitian Flavor Industry, Xuetian Salt Industry, Jiajia Food, Qiaqia Food, Anjing Food, Jiahe Food, Zuming Stock and many other leading listed companies in the industry, covering condiments, quick-frozen food, leisure snacks, beverages, etc. Subdivisions.
The rise in the prices of these mass consumer goods is, without exception, driven by costs, and inflationary pressures are being transmitted from the production area to the consumption area.
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