Wufangzhai launched the prospectus, and the "Zongzi First Share" is finally going to be listed?

In January 2022, the China Securities Regulatory Commission issued the first issuance of Zhejiang Wufangzhai Industrial Co., Ltd. (referred to as "Wufangzhai"). List.

According to the prospectus, 25.1858 million shares were issued in this public offer, accounting for 25.00%of the total share capital ratio after the issuance, all of which were public issuance of new shares, not involving the transfer of old shares. The preliminary inquiry date of this launch is August 17, 2022, and the online purchase date is August 22, 2022. This also marks that "King Zongzi" will be one step closer to becoming the "Zongzi first share" in the A -share market.

Wufangzhai is mainly engaged in food research and development, production and sales dominated by glutinous rice food. At present, it has formed product groups that are dominated by rice dumplings, integrating moon cakes, dumplings, pastries, eggs, egg products, other rice products, and other rice products. The Wufangzhai Rice Base was established in Baoqing, Heilongjiang; Base; establishment of production bases in Jiaxing and Chengdu, and establishing omni -channel marketing network covering the country, chain stores, and e -commerce.

The total amount of funds raised by the company is 762 million yuan. After deducting the issuance costs, it will be invested in the following projects: Wufangzhai Third Phase III Smart Food Workshop Construction Project, Wufangzhai Digital Industry Smart Park Construction Project, Wufangzhai R & D Center and Informatization Upgrade Construction projects, Wufangzhai Chengdu production base upgrade and reconstruction project and supplementary mobile funds.

[450 million rice dumplings in 2021]

As of December 31, 2021, Wufangzhai has established 478 stores through direct business, cooperative operation, franchise, distribution, etc., which continues to expand through the chain operation model of "Central Kitchen+Store" and go deep into large supermarket merchants. Major business districts such as circle, commercial complexes, and transportation hubs have successively opened "five Fangzhai" stores in major cities in East China and Central China in Jiaxing, Hangzhou, Shanghai, Wuhan, etc., providing standardized Chinese fast food services.

From 2019 to 2021, the company's main business revenue accounted for 61.45%, 55.82%, and 51.20%, respectively. During the reporting period, the company made full use of the advantages of the "Wufangzhai" brand, and the proportion of sales revenue in the regions outside East China and online e -commerce retail platforms showed an upward trend as a whole.

Of course, rice dumplings are still the main category of Wufangzhai. The company's sales revenue also mainly comes from the Zongzi series of products. It has a high reputation in the East China region mainly based on Jiangsu, Zhejiang and Shanghai. From 2019 to 2021, the product revenue of the Wufangzhai Zongzi series of products was 1.609 billion yuan, 1.604 billion yuan, and 2.08 billion yuan, respectively, accounting for 67.74%, 70.77%, and 73.06%of the main business revenue, respectively. Showing a year -on -year upward trend.

During the reporting period, the company's total production of rice dumplings was 356 million, 273 million, and 342 million, respectively. The commissioned processing output was 550.517 million, 90.881 million, and 110 million, respectively, accounting for 13.40%, 25.01%, and 24.41%of the total processing output, respectively.

The annual production capacity of Wufangzhai's Zongzi series products is 419 million, 450 million and 450 million, respectively, and the capacity utilization rate is 84.82%, 60.57%, and 75.99%, of which 2021 has increased from the same period of the previous year; while the same period of the same period; while the same period, the same period The sales volume of the company's rice dumplings series was 408 million, 366 million, and 448 million, respectively, with an upward trend. The company stated in the prospectus: In 2021, the company's normal production and operation and continuous profitability were not affected by major adverse factors.

[In the first half of 2022, the net profit of revenue declined year -on -year]

Financial data. From 2019 to the first half of 2022, Wufangzhai's revenue was 2.507 billion yuan, 2.421 billion yuan, 2.892 billion yuan, and 1.809 billion yuan; net profit attributable to shareholders of the parent company was approximately 163 million yuan, 142 million yuan, respectively. , 194 million yuan, 242 million yuan. Among them, in the first half of 2022, revenue decreased by 15.32%year -on -year, and net profit attributable to mothers decreased by 20.78%year -on -year.

Regarding the decline in net profit returning to the mother in the first half of 2022 than operating income, the company said that it was mainly that the house was acquired by the company's juvenile road area. In the first half of 2022, the company's net profit attributable to the owner of the parent company after deducting non -recurring profit or loss was 239 million yuan, a year -on -year decrease of 11.42%, mainly due to the decrease in operating income and the decrease in net profit.

In response to the decline in operating performance in the first half of 2022, Wufangzhai said that since March 2022, domestic multiple factors have caused the company's production and operation to adversely affect. The company's main production base is located in Jiaxing City, Zhejiang Province, and the sales area is mainly concentrated in the East China region. The company's production and sales are affected to a certain extent. On the one hand, many stores in the company have suspended their business and the sales amount of stores has been reduced; and due to the control of goods logistics and express transportation, some customers of the company cannot receive the goods in time, and the online and offline businesses are affected.

On the other hand, the phased stop work of the production base has led to a decrease in the company's output compared with the same period of the previous year. The adverse effects on the company have actively adjusted the product strategy and continuously optimized the product structure. At the same time, due to the decline in procurement prices such as pork, the company The gross profit margin of the product has increased. Under the above factors, the company's operating income in the first half of 2022 decreased by 15.32%year -on -year, and the net profit attributable to the parent company owner after deducting non -recurring profit or loss decreased by 11.42%year -on -year. In addition, in the prospectus, Wufangzhai also estimates the performance of the third quarter of 2022. It is estimated that from January to September 2022, operating income is about 2.269 billion yuan to 2.317 billion yuan, a year-on-year decrease of about 13.14%to 14.96%; Mother's net profit was about 228 million yuan to 230 million yuan, a year -on -year decrease of about 18.83%to 19.31%, which was higher than the decline in operating income. After the profit or loss, the net profit attributable to shareholders of the parent company was about 222 million yuan to 223 million yuan, a year -on -year decrease of about 8.24%to 8.93%.

In addition to revenue and net profit, the gross profit margin during the reporting period of the company also continued to decline. From 2019 to 2021, the comprehensive gross profit margin was 45.43%, 44.57%, and 43.24%, and 47.12%in 2018. Among them, the gross profit margin of the Zongzi series products was 46.91%, 46.56%, and 44.16%, respectively. In this regard, the company's gross profit margin is mainly affected by various factors such as product price, raw material costs, and labor costs. If the above factors have adversely changed, the company's gross profit margin may decline, which will affect the company's profitability and performance performance. Essence

However, it is worth noting that according to the prospectus disclosed, the "TOP10 of the Chinese Demon Brand Line in 2021" released by the Ai Media Gold List, through the company's comprehensive strength indicators, the entire network media communication situation evaluation indicators, user word -of -mouth monitoring indicators Professional analyst team evaluation indicators and other comprehensive selection. Wufangzhai, true and old, Zhiwei Guan, Daoxiang Private Room, Guangzhou Restaurant, Boss, Xinghua Tower, Sanquan, Baicao flavor, and Quanjude's ten companies on the list. Among them, Wufangzhai won the championship again with the 98.9 Gold List index.

- END -