Export of concentrated apple juice decreases, Haisheng juice turns from profit to loss

Export of concentrated apple juice decreases, Haisheng juice turns from profit to loss
On April 1, Haisheng Juice, a fruit juice producer listed in Hong Kong, released a financial report showing that Haisheng Juice’s revenue in 2019 will be approximately 17.5.2 billion reduced to 12.3.2 billion yuan, a decrease of about 29 compared to the previous financial year.7%.In addition, profit attributable to company owners replaces approximately 1.27 trillion, compared with 79.7 million in the previous fiscal year. Haisheng Juice said that the decrease in revenue in 2019 was mainly due to Sino-US trade frictions and the impact of US customers on the increase in tariffs expected to increase purchases last year, which led to a decline in sales volume last year.In addition, due to the high cost of raw materials in 2018, this led to an increase in the cost of inventory goods in 2019 and a decrease in gross profit margin. According to reports, due to the constant demand for apple juice products, the annual output of China and Europe as the first and second largest apple juice concentrate production areas is relatively stable, so the industry has always maintained a stable market supply and demand relationship and prices.However, the extremely rare frosts of fruit trees in northern China in 2018, including the large-scale reduction of apple production, resulting in shortage of raw materials for juice extraction and high purchase prices, so the total output of concentrated apple juice in China in 2018 decreased compared with previous years, and the stock of concentrated apple juice products in China in 2019It also decreases accordingly.Haisheng Juice said that in order to reduce the impact of tariffs caused by Sino-US trade frictions, American customers concentrated on purchasing a large amount of concentrated juice products from China before December 2018, so China’s export of concentrated apple juice in 2019 decreased significantly.Based on the above effects, the export volume of concentrated apple juice in China in 2019 is about 39 indicators, a decrease of about 17 indicators compared with 2018.For the next step of development, Haisheng Juice said that it will continue to intensively cultivate the agricultural planting field and quickly increase the fruit output and quality.In the concentrated juice and by-product processing business, it will continue to actively develop new products that meet market demand, and strengthen production management and cost control.Sauna, Ye Wang Wang Ziyang editor Zhu Fenglan proofreading Wang Xin