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Public company info - China Kangda Food Co. Ltd. , 00834.HK
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China Kangda Food Co. Ltd., 00834.HK - Company Profile
Chairman Fang Yu
Share Issued (share) 433,000,000
Par Currency Hong Kong Dollar
Par Value 0.25
Industry Packaged Foods
Corporate Profile Business Summary: The principal activity of Group is production and trading of food products, breeding and sale of livestock, poultry and rabbits. Performance for the year: During the fiscal year 2019, the Group recorded a profit attributable to owners of the Company amounted to approximately RMB4.4million as compared to approximately RMB5.6 million recorded in the fiscal year 2018. The sales turnover increased by 0.5% from approximately RMB1,403.7million for FY2018 to approximately RMB1,410.5 million for FY2019. The Group’s gross profit decreased by 12.2% to RMB106.6million for FY2019. Business Review Processed Food Products Revenue derived from the production and sales of processed food products decreased by 5.7% to approximately RMB760.9 million for FY2019. Affected by price rise of raw material meat and product portfolio adjustment, the export sales of processed food products decreased in FY2019. Chilled and Frozen Rabbit Meat The sales of chilled and frozen rabbit meat products increased by 43.8% to approximately RMB157.6 million in FY2019, which was contributed to the new markets and customers developed in Xinjiang Province and Ningxia Province in FY2019. Chilled and Frozen Chicken Meat Revenue derived from the production and sales of chilled and frozen chicken meat increased by 5.5% to approximately RMB335.5million for FY2019. The increase was mainly more chicken meat consumption as substitution for pork consumption due to the rise of pork price in FY2019. Other Products Revenue derived from the production and sale of other products decreased by 7.3% to RMB156.5 million for FY2019. The Group has adjusted its product portfolio and ceased the production of some products with lower or negative gross margin due to sharp price increase in certain raw material meat. The group’s proactive adjustment led to a decrease in sales of other products. Prospects: Being a company focuses on consumer products industry, The group’s business is always affected by economic growth, consumers’ preference, industry cycle and animal epidemics. In 2020, with the outbreak of COVID-19, continuation of ASF, re-emergence of trade protectionism and global recession, the whole consumer industry is facing complicated external environment and greater challenges. Despite the challenges, with The group’s products being consumer staples, The group believe that all the above uncertainties will have limited impact on The group’s business. The outbreak of COVID-19 in January 2020 has certain impact on The group’s operations, such as transportation restrictions, difficulties in staff returning to work, shortage of raw materials and forages and etc. The Group has timely formulated a comprehensive and stringent prevention and control plan to safeguard the health of The group’s employee, products safety as well as stable production and smooth sales. Based on The group’s preliminary review, the production and sales in the first quarter of 2020 recorded a decline as compared to the corresponding period of 2019. With the pandemic gradually under controlled in China, The group’s operations have seen to be steadily returning to normal. Considering the nature of The group’s business, The group believe the negative impact of the pandemic on the Group will be short-term and manageable. Meanwhile, the Group will continue to be highly cautious on the latest development of the pandemic and strictly implement The group’s prevention and control plan. The food industry will continue to face challenges with intense competition. To maintain the overall profitability and to enhance the competitiveness and resistance against market risk, the Group will focus on high value–added processed foods,safeguard the business relationship with the major customers and proactively explore new markets and new customers. With the consumption upgrades, food safety and healthiness become the focus of consumers’ attention, which is always The group’s priority. Rabbit meat segment has been and will continue to be the core and competitive business of the Group. Rabbit meat is healthier and with far more protein, less fat and calorie levels compared to other meats. The Group is one of eight enter prises in the PRC which possesses the permit to export rabbit meat to overseas market. The Group is confident that the demands for rabbit meat will increase steadily with as the consumers tend to prefer a wider variety of nutritious food when living standards improve. Therefore, the Group will continue to leverage on its leading position in the rabbit meat segment and offer consumers with healthy and safe products. The Group will continue to optimise product portfolios, enhance cost management, promote brand building and expand new sales channels to strengthen the core competence and improve the overall performance of the Group. Based on the Group’s reputation as a provider for food products, the Group believes that a relentless pursuit of its strategies will lead to a sustainable growth, enhance its global leadership role and creates long-term value for its shareholders, employees and others take holders.

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