Today, Keming flour industry released a half year performance forecast, which is expected to drop 74.39% to 82.93% compared with the same period last year. According to the report, the profit from January 1, 2021 to June 30, 2021 was 38 million yuan to 57 million yuan, which was significantly lower than that of 222.5761 million yuan last year.
Compared with the performance forecast of the same period last year, the profit difference is obvious. Even compared with 104.0756 million in 2019, the profit is less than half.
In response, the stock market’s response was that the company’s share price fell all the way, shrinking by a quarter in half a year.
Although, on the same day, a repurchase announcement was issued. The announcement said: the total amount of this repurchase is not less than 60 million yuan (including the number of shares) and not more than 120 million yuan (including the number of shares), and the repurchase price is not more than 16 yuan / share (including the number of shares). According to the upper and lower limits of the total amount of repurchase, it is estimated that the range of shares to be repurchased is 3.75-7.5 million shares, accounting for 1.11% – 2.22% of the total share capital of the company, which is still a day of decline of 0.22%.
The official explanation for the drop in profits is that profits rose sharply last year due to the epidemic and returned to normal this year. Secondly, the industry should increase the price competition brought by the release of production capacity and increase the investment of brand cost and live broadcast cost to promote brand construction.
Change the name can not escape the limit
In the morning, the abbreviation was changed from Keming flour industry to Keming food, and its performance dropped sharply, but it still didn’t escape the drop limit and “turn off the lights to eat noodles”. According to the performance forecast of Keming food, the net profit attributable to shareholders of the listed company in half a year was 38 million yuan to 57 million yuan, down 74.4% to 82.9% compared with 225 million yuan in the same period of last year.
Reprint indicated source：Spark Global Limited information