Is Shandong Longda Meishi (SZSE:002726) Using Too Much Debt?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the permanent loss of capital.' So it might be obvious that you need to consider debt, whe
Longda Food (002726.SZ): 2023 net loss of 1,538 billion yuan
On April 15, Ge Longhui (002726.SZ) announced its 2023 annual report. In 2023, the company achieved operating income of 13.318 billion yuan, a year-on-year decrease of 17.36%; net profit attributable to shareholders of listed companies - 1,538 billion yuan, year-on-year profit and loss; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss - 1,364 billion yuan; and basic earnings per share - 1.43 yuan.
Longda Food (002726.SZ) has not produced pickled plums, vegetables, and pork
Gelonghui March 18 | Longda Food (002726.SZ) said on the investor interactive platform that the company does not produce pickled plums with minced meat. The company adheres to quality first, has built a food safety and security system for the whole industry chain with source control, quality system and product inspection as the core, and has established and perfected a quality traceability and safety supervision system throughout the entire chain from raw material production, processing and distribution.
Not Many Are Piling Into Shandong Longda Meishi Co., Ltd. (SZSE:002726) Just Yet
With a price-to-sales (or "P/S") ratio of 0.5x Shandong Longda Meishi Co., Ltd. (SZSE:002726) may be sending bullish signals at the moment, given that almost half of all the Food companies in China ha
Wang Haojie, general manager of Longda Food (002726.SZ), resigns
Longda Food (002726.SZ) issued an announcement. The board of directors of the company recently received a message from Mr. Wang Haojie, the company's general manager...
Longda Food (002726.SZ): A total of 22 kinds of meat products and prepared dishes were launched this year for the Spring Festival food gift box
Gelonghui, January 31 | Longda Food (002726.SZ) said on the investor interactive platform that a total of 22 types of meat products and pre-prepared food gift boxes have been launched this year, and special gift boxes such as beef with sauce, naturally dried sausage gift boxes, etc. have been added. The new products include fresh meat enema, etc., which can be purchased through online applets and offline supermarkets.
Longda Food (002726.SZ): A new fresh meat enema product was launched in the fourth quarter of '23, sales exceeded 10 million in two months
Gelonghui, January 31 | Longda Food (002726.SZ) said on the investor interactive platform that the company's revenue from prepared dishes exceeded 1.9 billion yuan in 23, an increase of nearly 50% over the same period last year. The fat sausage series surpassed 300 million yuan, and the sausage products exceeded 100 million yuan. In addition, the company introduced a new fresh meat enema product in the fourth quarter of '23, and sales exceeded 10 million in two months after launch.
Longda Food (002726.SZ): Gift box sales are expected to increase by more than 20% this year compared to the same period last year
Gelonghui January 31 | Longda Food (002726.SZ) revealed an investor relations activity record table showing that gift box sales this year are expected to increase by more than 20% over the same period last year. This year, a total of 22 kinds of meat products and pre-prepared food gift boxes for the Spring Festival were launched, and special gift boxes such as beef with sauce and naturally dried sausage gift boxes were added, which were sold through online applets and offline supermarkets. Judging from current feedback, sales in offline supermarkets have exceeded expectations, and many models of online applets have already been sold out ahead of schedule and are actively being restocked.
Longda Food (002726.SZ): The prepared food business is the company's key development sector for the next 3-5 years
Gelonghui, January 31 | Longda Food (002726.SZ) disclosed an investor relations activity record table showing that since the company established the main food strategy, the prepared food business has been the main source of growth for the food sector. The business had revenue of 1,182 billion yuan in '21, revenue of 1,314 billion yuan in '22. Revenue exceeded 1.9 billion yuan in '23, an increase of nearly 50% over the same period last year. The prepared food business is also a key development sector for the company in the next 3-5 years. The channel side will focus mainly on the B-side, while continuing to strengthen the development of the small and medium B-side, and enhance brand influence through the C-side. The product aspect will mainly focus on raw meat
Longda Food (002726.SZ): Pre-loss of 1,360 billion yuan to 1,760 billion yuan in 2023
Gelonghui, January 30 | Longda Food (002726.SZ) announced its 2023 annual results forecast. Net profit loss attributable to shareholders of listed companies during the reporting period was 1.36 billion yuan to 1,760 billion yuan, profit of 753.756 million yuan for the same period last year; net profit loss after deducting non-recurring profit and loss of 1,210 million yuan - 1,570 billion yuan, profit for the same period last year; basic earnings loss per share was 1.26 yuan/share - 1.63 yuan/share. During the reporting period, the sales price of hairy pigs and pork market prices continued to fall, compounded by the impact of the epidemic. The company's traditional sector business
Shandong Longda Meishi (SZSE:002726 Shareholders Incur Further Losses as Stock Declines 9.3% This Week, Taking Three-year Losses to 44%
For many investors, the main point of stock picking is to generate higher returns than the overall market. But its virtually certain that sometimes you will buy stocks that fall short of the market a
Longda Food (002726.SZ): Received a total of 86354 million yuan in government subsidies
Glonghui on December 15 | Longda Food (002726.SZ) announced that the company and its subsidiaries received a total of 8,6354 million yuan in income-related government subsidies from January 1, 2023 to December 14, 2023, accounting for 11.46% of the company's most recent audited net profit attributable to shareholders of listed companies.
We Think Shandong Longda Meishi (SZSE:002726) Has A Fair Chunk Of Debt
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that 'Volatility is far from synonymous with risk.' So it seems the smart m
Longda Food (002726.SZ): Prefabricated cuisine is a key development sector in the next 3-5 years, and will focus mainly on the B-side
Glonghui, December 11|Longda Food (002726.SZ) recently disclosed a record list of investor relations activities, showing that since the company established its main food strategy, prepared dishes have been the main source of growth in the food business, with revenue of 1,182 billion yuan in '21 and $1,314 billion in '22. Revenue for the first three quarters of the year ended 23 was 1,509 billion dollars, up 67.64% from the same period last year. At present, the revenue target of 1.8 billion dollars planned at the beginning of the year can be achieved. Prepared food is the company's key development sector for the next 3-5 years. The channel side will mainly focus on the B-side, while continuing to strengthen the development and integration of the small to medium B-side
Longda Food (002726.SZ): The company's prepared dishes account for about 50%-60%
Glonghui, December 11|Longda Food (002726.SZ) recently disclosed investor relations activity records, showing that the company's pre-prepared dishes account for about 50%-60%, medium and medium B accounts for about 20%-30%, and the C side accounts for about 10%. The B-side seems to have a relatively low gross profit, but there is less cost investment. The C-side's gross profit is relatively high, but the cost investment is large, so when taken together, the overall net interest rate is about 4%-5%.
Longda Food (002726.SZ): Currently, the proportion of fat sausage, grilled sausage, bacon, and crispy meat products has exceeded 100 million yuan
Glonghui, December 11|Longda Food (002726.SZ) recently disclosed a record list of investor relations activities, showing that currently, fat sausage, bacon, and crispy meat products account for a relatively high share, all exceeding 100 million yuan. The overall target for fat sausage products this year is 250-300 million. Sausage products have been growing rapidly this year, mainly in Western-style fast food scenarios, and their market popularity is relatively high. They are expected to exceed 100 million this year.
Longda Food (002726.SZ): Cooperation with Hema is progressing in an orderly manner
On December 5, Gelonghui Food (002726.SZ) stated on the interactive platform that the cooperation between the company and Hema is progressing in an orderly manner. It has now launched prepared food products such as grilled sausages and crispy meat, and some new products continue to be promoted.
Longda Food (002726.SZ): Currently, it has food processing capacity in Laiyang in Shandong, Guanyun in Jiangsu, Bazhong in Sichuan, and Yangpu in Hainan
Gelonghui, November 27丨An investor asked Longda Food (002726.SZ) on the investor interactive platform, “How many food processing bases does the company currently have in the country?” The company replied that the company currently has food processing capacity in Laiyang in Shandong, Guanyun in Jiangsu, Bazhong in Sichuan, and Yangpu in Hainan.
Longda Food (002726.SZ): Repurchase completed at a cumulative cost of about 330 million yuan to repurchase 3.84% of shares
Gelonghui November 14丨Longda Food (002726.SZ) announced that as of November 13, 2023, the company's share repurchase period has expired, and the share repurchase plan has been implemented. During the repurchase period, the company repurchased a total of 41,4171.83 million shares through centralized bidding through a special stock repurchase account, accounting for 3.8379% of the company's total share capital. The total transaction amount was about RMB 330 million (excluding transaction fees). The highest transaction price was RMB 9.47 per share, and the lowest transaction price was RMB 7.19 per share.
Private Companies in Shandong Longda Meishi Co., Ltd. (SZSE:002726) Are Its Biggest Bettors, and Their Bets Paid off as Stock Gained 5.2% Last Week
Key Insights Significant control over Shandong Longda Meishi by private companies implies that the general public has more power to influence management and governance-related decisions A total of 6
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