散装油

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道道全股价涨5.15%,景顺长城基金旗下1只基金重仓,持有4.85万股浮盈赚取2.67万元
Xin Lang Cai Jing· 2025-09-26 03:03
Group 1 - The core viewpoint of the news is that Daodaoquan's stock price increased by 5.15% to 11.23 CNY per share, with a total market capitalization of 3.863 billion CNY as of the report date [1] - Daodaoquan Grain and Oil Co., Ltd. is located in Changsha, Hunan Province, and was established on July 28, 1999, with its listing date on March 10, 2017 [1] - The company's main business involves the research, production, and sales of edible vegetable oil products, with revenue composition as follows: packaged oil 62.71%, meal products 22.45%, bulk oil 13.67%, and others 1.17% [1] Group 2 - From the perspective of fund holdings, one fund under Invesco Great Wall has a significant position in Daodaoquan, holding 48,500 shares, which accounts for 0.54% of the fund's net value, ranking as the seventh-largest holding [2] - The Invesco Great Wall National Index 2000 Enhanced A fund was established on September 5, 2023, with a latest scale of 8.1886 million CNY and has achieved a year-to-date return of 39.57% [2] - The fund managers, Li Haiwei and Xu Yujun, have tenures of 11 years and 11 years respectively, with Li managing assets totaling 7.433 billion CNY and Xu managing 2.085 billion CNY [2]
道道全:2025年中报显示盈利能力显著提升,现金流状况值得关注
Zheng Quan Zhi Xing· 2025-08-01 22:11
Core Viewpoint - The company has significantly improved its profitability in the first half of 2025, with substantial increases in revenue and net profit compared to the previous year [1] Financial Performance - Total revenue reached 2.792 billion yuan, a year-on-year increase of 1.16% - Net profit attributable to shareholders was 181 million yuan, up 563.15% year-on-year - Non-recurring net profit was 157 million yuan, an increase of 428.51% year-on-year - In Q2, total revenue was 1.306 billion yuan, a 5.15% increase year-on-year - Q2 net profit attributable to shareholders was 78.23 million yuan, up 267.04% year-on-year - Q2 non-recurring net profit was 57.81 million yuan, an increase of 234.08% year-on-year - Gross margin was 11.65%, up 24.85% year-on-year - Net margin was 6.64%, an increase of 612.48% year-on-year [1] Cost Control - Total operating expenses (selling, administrative, and financial expenses) amounted to 109 million yuan, accounting for 3.9% of revenue, a decrease of 43.32% year-on-year - Financial expenses decreased by 98.28%, primarily due to reduced net interest expenses and exchange losses [2] Cash Flow Situation - Operating cash flow per share was 0.94 yuan, a decrease of 76.48% year-on-year - Net cash flow from operating activities decreased by 76.48%, mainly due to increased payment for goods - Monetary funds were 169 million yuan, down 63.83% year-on-year, primarily due to increased raw material procurement [3] Debt Situation - Interest-bearing liabilities were 1.143 billion yuan, a decrease of 39.12% year-on-year - Interest-bearing asset-liability ratio was 25.72%, indicating a relatively high level of debt risk - Accounts payable increased by 77.64%, mainly due to increased raw material payables [4] Main Business Analysis - Revenue from the main business, packaging oil, was 1.751 billion yuan, accounting for 62.71% of total revenue, with a gross margin of 15.67% - Revenue from meal products was 627 million yuan, accounting for 22.45% of total revenue, with a gross margin of 5.40% - Revenue from bulk oil was 382 million yuan, accounting for 13.67% of total revenue, with a gross margin of only 0.19% - Other business revenue was 32.55 million yuan, accounting for 1.17% of total revenue, with a gross margin of 49.84% [5] Regional Distribution - Revenue was primarily concentrated in the Central China region, amounting to 1.284 billion yuan, accounting for 45.99% of total revenue, with a gross margin of 12.20% - Revenue from East China was 769 million yuan, accounting for 27.55% of total revenue, with a gross margin of 10.66% - Revenue from Southwest China was 428 million yuan, accounting for 15.34% of total revenue, with a gross margin of 10.72% - Revenue from other regions was 311 million yuan, accounting for 11.12% of total revenue, with a gross margin of 13.10% [6] Development Prospects - The company is a key national leading enterprise in agricultural industrialization, with a strong market share and brand influence - New products such as high oleic rapeseed oil, tea oil, and various specialty oils have been launched to enhance competitiveness - The company adheres to a brand-oriented operation philosophy and collaborates with quality media for brand promotion - However, cash flow and debt situations need further improvement to ensure long-term stable development [7]
道道全:2025年上半年归属净利润增长563.15%,包装油营收提升20.53%
Cai Jing Wang· 2025-08-01 02:16
(企业公告) 7月31日,道道全发布公告称,2025年上半年,公司实现营业收入27.92亿元,同比增长1.16%;归属净 利润1.81亿元,同比增长563.15%。 分产品看,2025年上半年,公司包装油营收达17.51亿元,同比提升20.53%;粕类、散装油、其他业务 营收分别达6.27亿、3.82亿、0.33亿元。 ...
西南证券:给予道道全买入评级,目标价16.25元
Zheng Quan Zhi Xing· 2025-05-22 04:38
Investment Thesis - The company is expected to benefit from a decline in raw material costs, leading to a significant recovery in profitability, with packaging oil gross margin increasing by 2.28 percentage points to 13.51% and meal gross margin increasing by 3.20 percentage points to 4.65% in 2024 [1][2] - The company plans to expand its distribution channels, with a net increase of 103 distributors to a total of 1,305 in 2024, and online direct sales revenue is projected to grow by 30.22% [1][2] - The company is investing 1 billion yuan to establish a 1 million tons/year edible oil processing project in Weinan, Shaanxi, to capture the consumption upgrade opportunities in the northwest market [1][2] Financial Performance - The company's revenue decreased by 15.12% year-on-year, despite a 3.30% increase in the sales volume of its food processing business, indicating that the revenue decline was primarily due to lower product prices following raw material cost reductions [2] - The company is expected to maintain a favorable gross margin level due to a continued easing of raw material supply and demand in 2025 [2] Product and Market Strategy - The company is focusing on product marketing and market development, optimizing its sales organization, and establishing special teams for recruitment, while also introducing new products such as sesame oil and promoting high-value products like high oleic canola oil and tea oil [2] - The company has five production bases with reasonable capacity utilization, and ongoing projects in Maoming and Changsha are still under construction [2] Earnings Forecast - The expected EPS for 2025, 2026, and 2027 are 0.65 yuan, 0.83 yuan, and 1.02 yuan respectively, with corresponding dynamic PE ratios of 15, 12, and 9 times [3] - The company is given a target price of 16.25 yuan based on a 25 times PE for 2025, with a "buy" rating assigned [3]