Shuangta Foods’ net profit grew by more than 50% in the first quarter, accelerating the deployment of artificial meat projects

Shuangta Foods’ net profit grew by more than 50% in the first quarter, accelerating the deployment of “artificial meat” projects
On the evening of April 1, Yantai Shuangta Food Co., Ltd. (“Shuangta Food” for short) issued a performance forecast that the company’s net profit for the first quarter of this year was 5,575.470,000-7062.260,000 yuan, an annual increase of 50% -90%.Sauna, Yewang noted that Shuangta Foods has listed plant protein meat as the company’s development strategy plan and plans to raise 21.5 trillion layout plant protein project.Net profit growth in the first quarter was at least 50%. According to public information, the main business of Shuangta Foods is production and sales of Longkou vermicelli, pea protein, and edible fungi.As a representative enterprise of the “artificial meat” concept stock, Shuangta Foods has listed vegetable protein meat as one of the company’s development strategic plans, and vegetarian meat patties, vegetarian meat steaks and other products have begun to develop.According to the performance forecast, the performance of Shuangta Foods surged in the first quarter of this year.Shuangta Foods said that after the epidemic occurred, the company actively responded, and on the basis of the prevention and control of the epidemic, solidly promoted the resumption of production and production. The company’s main business products sold well and the production and operation in the first quarter were good.The notice shows that in the first quarter of this year, the company’s net profit was 5,575.470,000-7062.260,000 yuan, a profit of 3716 in the same period last year.980,000 yuan, an annual increase of 50% -90%.In 2019, the performance of Shuangta Foods improved significantly.On February 28, Shuangta Foods released its 2019 performance report, saying that the company reported revenue of 21 for the number of reports.2.2 billion, down by 10 every year.82%; net profit is 1.9.9 billion, an annual increase of 117.38%.The 215 trillion plant protein project has agencies predicting that within 10 years, the global artificial meat market will reach 140 billion US dollars, accounting for 10% of the meat market share; by 2040, artificial plant meat will account for 25% of the meat market share.Wang Shouwei, director of the China Meat Food Comprehensive Research Center and director of the Beijing Food Science Research Institute, accepted the sauna. Yewang said in an interview that the main processing technology of vegetable protein meat has become mature at home and abroad. The merged company has developed plants in China.The vegetable protein meat products with egg white as raw material have a very rapid market growth.”Artificial meat has great commercial potential, and more investment in science and technology is an important direction for the industry to develop in the future.”” Or affected by this, Shuangta Foods listed plant protein meat as one of the company’s development strategic plans this year.In terms of plant protein layout planning, in February this year, Zhaoyuan Junbang Trading Co., Ltd., a wholly-owned subsidiary of Shuangta Foods, signed a pea protein sales contract with the US-famous “artificial meat” listed company, and the first batch of pea protein procurementAbout 285 tons.In March of this year, Shuangta Food disclosed the plan for non-public offering of stocks, and planned to raise no more than 21.US $ 500 million for “artificial meat” projects such as albumin extraction, low pea function extraction and finishing.Sauna and Yewang noticed that domestic companies such as Shuanghui, Baicao, Weekly, Zhenzhen and other companies have successively launched artificial meat-related products; U.S. Beyond Meat and other companies are also actively exploring the Chinese market.In terms of supervision, both the national standard and the group logo of artificial plant meat have been officially established, and the group logo formulated by the China Plant-based Food Industry Alliance is expected to be launched in the first half of this year.Sauna, night net Ouyang Xiaojuan editor Zhu Fenglan school dealt with Chun Zeng