Click the image to register for participation. Performance is a key measure of a company's success. As February arrives, listed companies are entering the peak season for releasing their 2017 annual reports. So far, dozens of food companies have issued performance forecasts, with some like Haoxiangni showing impressive results and others like Modern Dairy experiencing significant declines. Here, we have compiled the 2017 performance forecasts and express reports from all companies in the food and beverage sector. How have these listed food companies performed over the past year? Let's take a first look.

Growing Companies

Taoli Bread Expected annual operating revenue of 4.08 billion yuan, a year-on-year increase of 23.42%; net profit attributable to shareholders of the listed company of 514 million yuan, up 17.99% year-on-year. The growth is mainly due to the company's efforts in consolidating marketing channels, improving distribution service quality, and vigorously developing new markets while increasing the number of sales terminals; increasing investment in new markets, focusing on new product development, promoting product structure optimization and upgrading, and improving overall gross margin.

Sanquan Food Expected net profit attributable to shareholders of the listed company for 2017 to be between 71.0502 million and 82.8919 million yuan, up 80% to 110% year-on-year.

Anjoy Foods The company achieved operating revenue of 3.484 billion yuan, up 16.27% year-on-year; total profit of 263.3176 million yuan, up 13.95%; net profit attributable to shareholders of the listed company of 202.3776 million yuan, up 14.08%. During the reporting period, the company followed its annual operating plan, focusing on the R&D, production, and sales of hot pot ingredients and quick-frozen rice and flour products. With further increases in sales revenue, net profit grew correspondingly.

Angel Yeast Expected net profit attributable to shareholders of the listed company for 2017 to increase by 267.55 million to 374.56 million yuan compared to the same period last year (as per statutory disclosure data), a year-on-year increase of 50% to 70%. Net profit attributable to shareholders excluding non-recurring gains and losses is expected to increase by 271.5 million to 370.53 million yuan, up 55% to 75% year-on-year.

Black Sesame Expected net profit for 2017 to be between 130 million and 170 million yuan, a year-on-year increase of 696.57% to 941.67%. The company's profit for the same period last year was 16.32 million yuan. During the reporting period, the company's operating revenue grew significantly, and through supply chain reform, production process improvements, and price adjustments for some products, overall gross margin increased, leading to a corresponding increase in net profit.

COFCO Sugar Expected net profit attributable to shareholders of the listed company for 2017 to increase by 160 million to 260 million yuan compared to the same period last year (as per statutory disclosure data), a year-on-year increase of 31% to 50%. Net profit attributable to shareholders excluding non-recurring gains and losses is expected to increase by 403 million to 503 million yuan, up 109% to 136% year-on-year.

Haoxiangni Net profit attributable to shareholders of the listed company for 2017 is expected to be in the range of 101 million to 121 million yuan, with the revised profit range being 101 million to 116 million yuan, up 157.99% to 195.37% year-on-year. After the acquisition of Baicaowei, the integration between the two parties has been very smooth. For example, on the product side, Baicaowei's hit product Baobao Guo is produced by Haoxiangni. Haoxiangni also stated in its performance forecast revision announcement that after acquiring Haomusi, the synergy effect was obvious, e-commerce channel sales grew rapidly, and cost control became more effective, leading to a significant year-on-year increase in net profit.

Jinhua Ham Expected net profit attributable to shareholders of the listed company for 2017 to be between 102 million and 110 million yuan, a year-on-year increase of 412.66% to 452.87%.

Qianhe Weiye In 2017, the company achieved total operating revenue of 953.3341 million yuan, up 23.67% year-on-year; net profit attributable to shareholders of the listed company was 144.8894 million yuan, up 44.76%; basic earnings per share were 0.4521 yuan. In 2017, the company continued to expand its national market, with increased sales of condiment products and revenue growth, leading to higher net profit. Additionally, the company adapted to consumption upgrades, optimized product structure, and strengthened internal management, enhancing product competitiveness and profitability.

Ganso Expected net profit for 2017 to be between 202 million and 227 million yuan, a year-on-year increase of 62% to 82%. Ganso stated that the company continued to develop the national market, with sales during the Dragon Boat Festival and Mid-Autumn Festival better than the same period last year, and operating revenue increased by about 10% to 15%, leading to higher profits this year.

Jiajia Food Expected net profit for 2017 to be between 150 million and 190 million yuan, a year-on-year increase of 30%. Jiajia Food stated that in 2017, the company advanced its big single-product strategy, focusing on promoting high-margin products such as "Noodle Fresh" and "Original Brew" and new products, improving gross margin space, and exploring group purchase market business.

Hengshun Vinegar Expected net profit attributable to shareholders of the listed company for 2017 to increase by 85.2056 million to 119.2878 million yuan, a year-on-year increase of 50% to 70%. During the reporting period, the company further promoted marketing innovation, deepened channel and brand building, with revenue growing 5.5% year-on-year; through marketing policy guidance, marketing structure upgrades, and an increased share of high-end product sales, the company effectively improved product profitability; the aforementioned land acquisition compensation is expected to increase net profit attributable to shareholders of the listed company by approximately 43 million yuan.

Xiwang Food Expected net profit for 2017 to be between 280 million and 300 million yuan, a year-on-year increase of 107.69% to 122.53%. The company's profit for the same period last year was 135 million yuan. In 2017, the company newly consolidated the revenue and profit of Canadian sports nutrition and weight management company Kerr, and during the reporting period, Kerr integrated offline business resources, activated online business stock, and domestic revenue grew significantly; at the same time, the company's corn oil segment achieved good profit growth.

By-Health Expected profit for 2017 to be between 722.5359 million and 829.5783 million yuan, a year-on-year increase of 35% to 55%.

Declining Companies

Lotus Health Expected net profit attributable to shareholders of the listed company for 2017 to be a loss compared to the same period last year (as per statutory disclosure data), with net profit attributable to shareholders of the listed company of -100 million to -120 million yuan. Net profit attributable to shareholders excluding non-recurring gains and losses is expected to be -170 million to -190 million yuan.

Jialong Shares Expected net profit attributable to shareholders of the listed company for 2017 to be between 17.7536 million and 27.4373 million yuan, a year-on-year decrease of 15% to 45%.

Longda Meat Expected net profit attributable to shareholders of the listed company for 2017 to be between 186.2035 million and 209.479 million yuan, a year-on-year decrease of 10% to 20%.

Modern Dairy As of December 31, 2017, Modern Dairy's net loss for 2017 was no less than 900 million yuan. Modern Dairy's loss in 2016 was 742 million yuan, and the loss widened in 2017.

Maiquer Expected net profit attributable to shareholders of the listed company for 2017 to be between 15 million and 20 million yuan, a year-on-year decrease of 47% to 29%.

Delisi Expected net profit attributable to shareholders of the listed company for 2017 to decrease by 0% to 50% year-on-year.

ORG Technology Expected net profit attributable to shareholders of the listed company for 2017 to be between 576.7907 million and 1.038 billion yuan, a year-on-year decrease of 10% to 50%.

Bairun Expected net profit for 2017 to be between 150 million and 250 million yuan, turning losses into profits.

Nanning Sugar Expected net profit attributable to shareholders of the listed company to be a loss of 185 million to 194 million yuan, a year-on-year decrease of 1075% to 1122%, compared to a profit of 18.9799 million yuan in the same period last year. For the main reasons for the loss in 2017, Nanning Sugar stated that the market price of sugar fell significantly in the fourth quarter of 2017, causing the annual gross margin of sugar to drop by about 4 percentage points. Sales volume of the company's main product, sugar, decreased by about 170,000 tons compared to the previous year, and year-end sugar inventory increased year-on-year, with sugar sales gross profit unable to cover full-year period expenses. Additionally, the sugarcane purchase price set by government pricing authorities in 2017 was raised year-on-year, increasing the cost of the main raw material, sugarcane, and reducing sugar gross profit. Furthermore, the company's recent external expansion and investment led to insufficient self-owned funds, and the company increased interest-bearing liabilities, resulting in a significant increase in financial expenses.

Haixin Food Expected net profit attributable to shareholders of the listed company for 2017 to be a loss of 27 million to 32 million yuan.

Yanjin Shop Expected net profit for 2017 to be between 65 million and 75 million yuan, a year-on-year decrease of 24%. Yanjin Shop stated that since its listing, the company has implemented a new marketing strategy layout, increasing market expansion and investment, leading to higher operating expenses. Additionally, rising raw material prices increased costs.

Quantum Hi-Tech Expected net profit attributable to shareholders of the listed company for 2017 to be between 52 million and 64.98 million yuan, a year-on-year decrease of 0% to 20%.

Daodaoquan Expected net profit attributable to shareholders of the listed company for 2017 to be between 164.58 million and 246.88 million yuan, with a year-on-year change of -20% to 20%.

Source: New Food Review