6 28, China Want Want Holdings Co., Ltd. (hereinafter referred to as " Want Want ") released its financial report for fiscal year 2021 (April 1, 2021 to March 31, 2022) on the 28th, showing that its revenue increased year-on-year. 9.0% reached 23.985 billion yuan, creating a new high in performance since listing. Cai Yanming, Want Want’s chairman and chief executive, also said in the financial report: "In fiscal year 2021, we achieved a revenue of 23.9849 billion yuan. Compared with before investing in mainland China, Grow more than 100 times."
’s financial report shows that Want Want’s net profit for fiscal year 2021 is 4.203 billion yuan, a year-on-year increase of 1.1%. Although affected by the epidemic, Want Want's overall growth is still high single digits, and its three major categories continue to grow.
Rice fruit and leisure products achieved revenue of RMB 5.592 billion and RMB 5.397 billion respectively, and the growth rate in the second half of the year reached mid-to-high single digits.
’s dairy and beverage revenue was RMB 12.8735 billion, an increase of 16.9% compared with in the same period and , creating a new annual revenue high since its listing; all channels in mainland China achieved double-digit growth year-on-year.
It is particularly worth mentioning that "Wangzai Milk", which accounts for more than 90% of dairy and beverage revenue, grew by 18.4% year-on-year, which also means that Wangzai Milk's revenue in fiscal 2021 will be more than 11.5 billion yuan.
The financial report shows that the performance of all channels in mainland China is growing, and emerging channels play an important growth driver. Wholesale channel performance achieved high-single-digit growth in fiscal 2021, thanks to improvements in supply chain efficiency and the replenishment of terminal outlets. The performance of emerging channels has maintained rapid growth, accounting for nearly double digits in the group; nearly 40% of the revenue of emerging channels comes from new products, and it is an important platform for displaying new products. Modern channels achieved near-high single-digit growth.
As the global supply chain capacity gradually improves, in the second half of fiscal year 2021, Want Want's overseas performance has improved significantly compared with the first half of the year, with a year-on-year growth of mid-to-high single digits. Its management stated that the Vietnam factory will be officially put into production in mid-2022, and will design and sell products based on the preferences of overseas consumers, so that consumers around the world can taste the delicious food made by Want Want. Regarding achieving the best performance in history,
’s financial report also published a message to shareholders from Cai Yanming, chairman of Want Want’s board of directors, who said: “In 1992, I saw the opportunity of mainland China’s market reform and opening up. After careful consideration and discussions with my family, We decided to go to Wangcheng County, Hunan, mainland China to set up the first rice cracker factory. We dreamed of using Want Want's unique product taste to create a niche market in China, which has the largest population in the world - more than one billion people. A brand that brings endless joy to consumers, because I firmly believe that 'if there is a mouth, there is a market'. As long as Want Want can gain a place in the Chinese mainland market in the future, it will have the opportunity to one day be among the best in the world. In fiscal year 2021, we have achieved profits. 23.9849 billion yuan, an increase of more than 100 times compared to before investing in mainland China. In addition to the love and care of countless Want Want consumers over the years, it is also due to the win-win cooperation of many dealers, customers, and partners, as well as the hard work of Want Want employees. It has been hard work and hard work that has brought Want Want to where it is today step by step. I would like to express my 120,000-point gratitude!”
’s financial report shows that in order to thank shareholders for their long-term support, Want Want plans to pay a final dividend of US$250 million, plus A special dividend of US$350 million was paid, and together with the interim dividend, the total dividend for fiscal year 2021 is US$699 million.
Want Want's management also said that 2022 is a milestone year for Want Want. This year marks the 60th anniversary of the founding of Yilan Food, the predecessor of Want Want, and the 30th anniversary of Want Want's expansion into the mainland market. The management said that it will use this as a new starting point to build The Chinese dream and the world dream spread Wangwang products to all over the world.
