Many people laughed that KFC KFC is Kaifeng cuisine. After KFC's supplier Qianwei Yang Kitchen (001215) went public, investors knew that the local food such as fried dough sticks and sesame cakes served in KFC stores in China came from Henan. No wonder this pre-made vegetable company says " Kaifeng cuisine".
Zhengzhou Qianwei Central Kitchen’s prospectus disclosed that Yum China (the Chinese parent company of KFC and Pizza Hut) and its related parties are the company’s largest customers, accounting for the company’s operating income from 2018 to 2020 They are 30.20%, 30.72% and 23.37% respectively. KFC fried dough sticks, egg tart crusts, etc. are all from Qianwei Central Kitchen.
The company mainly provides customized and standardized quick-frozen noodle products for catering companies (including hotels, group canteens, local kitchens, etc.). Specific products include fried dough sticks, sesame ball , egg tart skin, sweet potato pill and cartoon buns. Among them, fried dough sticks, egg tarts, sesame balls, and noodles are all categories with tax-included income exceeding 100 million yuan. The company has become KFC, Pizza Hut, Wallace, Haidilao, real kungfu, Jiumaojiu, Xiabuxiabu and other well-known fast-frozen noodle products suppliers, among them The supplier system of Yum China is the highest T1 level, ahead of other competitors in the industry.
"Take KFC as an example. The company started to provide it with custard crusts, and now the products have extended to Anxin fried dough sticks, waffles, frozen dough, pancakes, croissants, shortcakes, etc. Multiple categories." Qianwei Central Kitchen said.
Qianwei Central Kitchen was a subsidiary company that I missed when it was first established.Later, in order to avoid competition in the industry, the equity became independent. The founder of Miss Li Wei (now the actual controller of Qianwei Central Kitchen) has also faded out of Miss Food . Qianwei Central Kitchen was listed on the main board of the Shenzhen Stock Exchange on September 6, 2021, and the daily limit was 12 consecutive trading days after the listing. In the first half of this year, the company achieved operating income of 568 million yuan, an increase of 54.80% over the same period last year. The net profit attributable to shareholders of the parent company was 36.475 million yuan, a year-on-year increase of 50.51%.
Suzhou Weizhixiang (605089), known as "the first share of domestic prefabricated dishes", earned 61 million yuan in net profit with a revenue of 365 million yuan in the first half of this year, and its profitability is higher than that of Qianwei Central Kitchen. The "money" of the pre-made vegetable industry is impressive.
味知香 pointed out in the investor survey in September that “prefabricated dishes are more popular this year, and this industry has also begun to compare volumes. How do you view the life cycle of this industry?” Answered when asked: Compared with Japan and other countries, my country The pre-made vegetable industry is still in its infancy. In recent years, the sales of pre-made vegetables have gradually expanded, and the future industry prospects are promising.
Pre-prepared dishes are so hot, the old rival "the first domestic quick-frozen food". Sanquan Foods (002216) has also begun to launch pre-prepared quick-frozen food such as fennel fritters series, pies series, dim sum series, and Qianwei Central kitchen competition, its customers also include KFC and Haidilao...
Guolian Aquatic Products responded to investors on the interactive platform on September 24. The company also said that the company continues to develop the market for pre-prepared vegetables, crayfish, grilled fish, etc. Products are favored by consumers.
It is also worth mentioning that Henan Province, known as the "Chinese Kitchen", has nurtured 10 A-share companies in the food industry chain. In addition to the above-mentioned Sanquan Foods and Qianwei Central Kitchen, there are also meat processing leader Shuanghui Development , the first jujube listed company miss you , mushroom sauce "boss" Zhongjing Foods and so on.Currently, Michelle Ice City A-share IPO is in the process of counseling and filing, and the “spicy brother” Weilong has been submitted in Hong Kong. So do you understand KFC as "Kaifeng cuisine"?
Source: Thoughtful
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