In the first quarter of 2022, the net profit of Arowana will drop by more than 90%!

　　On the evening of the 29th, Arowana announced that the operating income in the first quarter of 2022 was 56.536 billion yuan, a year-on-year increase of 10.68%; the net profit attributable to shareholders of listed companies was 114 million yuan, a year-on-year decrease of 92.71%.

　　Regarding the changes in performance, Arowana explained that in the first quarter of 2022, due to the impact of the dry weather in South America on soybean production expectations and the conflict between Russia and Ukraine, the prices of the company's main raw materials, such as soybean, soybean oil and palm oil, experienced an unprecedented rapid and sharp rise, resulting in product The cost has risen sharply. Although the company has raised the selling price of some products, it has not completely covered the increase in raw material costs. The gross profit margin of the company's main products has dropped significantly year-on-year.

　　Arowana also said that due to the impact of the domestic epidemic on logistics, terminal sales, catering, etc., combined with weak economy, sluggish consumption, and intensified market competition, the company's kitchen food sales in the first quarter of 2022 decreased year-on-year, and mid-to-high-end Profits from retail products were greatly affected.

　　In addition, Arowana pointed out that the actual income tax rate in the first quarter of 2022 is higher, mainly due to the difference in the tax rate of different subsidiaries, some high-tax companies make better profits, and some low-tax companies lose money.

　　According to the first quarterly report, as of March 31, 2022, the total number of ordinary shareholders of Arowana was 194,700.

　　On March 24, Arowana disclosed its 2021 annual report.

Data shows that in 2021, the operating income of Arowana is 226.225 billion yuan, a year-on-year increase of 16.06%; the net profit attributable to shareholders of listed companies is 4.132 billion yuan, a year-on-year decrease of 31.15%.

　　Despite the decline in performance, Arowana's annual report disclosed: The company's profit distribution plan reviewed and approved by the board of directors this time is: Based on 5.422 billion shares, a cash dividend of 0.77 yuan (tax included) will be distributed to all shareholders for every 10 shares, and 0 bonus shares ( Tax included), and transfer 0 shares for every 10 shares to all shareholders with the capital reserve.

Based on this calculation, Arowana will distribute dividends of 417 million yuan, accounting for about one-tenth of its net profit in 2021.

　　According to information on the official website of Arowana, Yihai Kerry Arowana Cereals, Oils and Foodstuffs Co., Ltd. is an important agricultural and food processing enterprise in China.

Yihai Kerry owns well-known brands such as "Arowana", "Ou Liweilan", "Orchid Flower", "Xiangmanyuan", "Ocean Emperor", "Golden Taste", "Fengyuan", "Ruilong" and "Jiejin 100". Small packaged edible oil, rice, flour, vermicelli, condiments, food and beverages, catering products, food raw materials, feed raw materials, oil technology and many other fields.

　　On October 15, 2020, with the aura of "the first stock in the IPO scale of the Growth Enterprise Market", Arowana landed on the Growth Enterprise Market and rose by more than 90% at the opening.

On January 12, 2021, the share price of Arowana soared to 145.42 yuan, a new high since its listing.

Since then, the stock price of Arowana has fluctuated downward. As of the close on April 29, 2022, Arowana rose 3.40% to 48 yuan, down 66.99% from the historical high, and the total market value has shrunk to 260.2 billion yuan.

(Sino-Singapore Jingwei APP)