The new tea drink sprinted to the market, and the net profit behind it was two consecutive years.
Author: Yang Xue.
Editor: Tuya
On February 21, Tianye Co., Ltd. (832023BJ) released an express earnings report. In 2023, its revenue will be about 4600 million yuan, down 2 percent year-on-year29%；Net profit attributable to shareholders of the listed company was 3045930,000 yuan, down 4307%The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was about 2216710,000 yuan, a year-on-year decrease of 5573%。
At the end of 2023, the company's total assets are expected to be 147.2 billion yuan, an increase of 16 percent year-on-year75%；The owner's equity attributable to shareholders of the listed company is 119.1 billion yuan, an increase of 21 percent year-on-year26%。
Tianye said in the announcement that the net profit attributable to shareholders of listed companies and the net profit after deducting non-recurring gains and losses in 2023 will decrease year-on-year respectively73%, mainly due to:The company's operating income decreased slightly due to the loss of individual customers; The lack of effective macroeconomic demand and the intensification of competition in the company's downstream new tea beverage industry led to a decline in gross profit margin; The company increased R&D investment, standardized the collection and accounting of R&D expenses, and R&D expenses increased
The company's basic earnings per share decreased by 55% year-on-year00%, mainly due to the decline in the company's net profit, which has increased its share capital since its listing on the Beijing Stock Exchange in February 2023.
At the same time, Tianye announced that from January 12, 2024 to February 8, 2024, its ** for 20 consecutive trading days *** are lower than the company's latest audited net assets per share, and will stabilize the stock price through bidding repurchase, and it is expected that the repurchase funds will be 5 million yuan - 10 million yuan, accounting for 0 of its current total share capital38%-0.76%。The maximum repurchase is 4 yuan shares, and the repurchase period does not exceed 12 months, and the repurchased shares will be used to implement equity incentives or employee stock ownership plans.
According to public information, Tianye Co., Ltd. was established in 2007 and is mainly engaged in the research and development, production and sales of tropical fruit and vegetable raw materials, including raw fruit juice, quick-frozen fruits and vegetables, fresh fruits, etc.
With the rapid development of the new tea beverage industry, Tianye's performance has improved significantly, and it has become the leading merchant of new tea beverage brands such as Naixue's tea, tea Baidao, and Shanghai Auntie, and has also cooperated with food and beverage companies such as Nongfu Spring and Coca-Cola.
At the end of 2021, Nai Xue's tea invested 38.64 million yuan in Tianye shares and obtained its 44% stake; At the same time, Aunt Shanghai also invested 3.22 million yuan. At present, Nai Xue is the fourth largest shareholder of Tianye shares, with a shareholding ratio of 367%
In 2022, in addition to Nongfu Spring, the remaining 4 major customers are Nai Xue's tea, tea Baidao, a little bit and Shanghai Auntie. In the first half of 2023, Tea Baidao will become the largest customer, accounting for 38% of revenue55%, Nai Xue, a little bit, Nongfu Spring and Guangzhou Pumai Biotechnology*** followedAunt Shanghai is gone. Last year's poor performance was most likely due to the loss of this important customer
Due to the fierce competition in the new tea beverage industry, the competition among the top merchants behind it has also intensified. Dexin Food & Fresh Drinks also withdrew its marketing application. According to the prospectus of Dexin Food, in order to boost product sales, it has reduced the selling price of some products, and the average sales of beverage thick slurry in 2022** decreased by 8 compared with 202189%。