High temperature cut sea cucumber prices continue to rise 3 companies hope to benefit

Securities Times Network (www.stcn.com) September 24 news mid-Autumn festival, Shandong, Liaoning and other fields due to high temperature production, sea cucumber prices continue to rise. This week, Shandong shed the price from the earlier period of 170 yuan per kg continued to rise to 186 to 188 yuan/kg, compared to early September, Rose 10%. Institutions and industry sources said that the current round of sea cucumber prices have been determined, compared with the spring lows more than 50%. Financial profit PO, current savings rate increased 1000% according to media reports, the high temperature this summer led to a sharp reduction in Shandong sea cucumber production 30% to 40%, sea cucumber Another main production area of Liaoning also appeared about 30% of the sharp reduction, which led to the national sea cucumber production cut significantly. From the origin of sales, the Mid-Autumn Festival sea cucumber consumption is better than expected, dry ginseng and ready-to-eat sea cucumber go goods very comfortable, some enterprises even broken goods. It is noteworthy that the end of consumption exceeded expectations, personal consumption is even better than last year, large-scale dry ginseng in Dalian and Shandong and other parts of the industry and commerce and retailers even broke the situation, the price of ready-to-eat sea cucumber sales are also relatively good, up to 10至20%. At present, big head of the sea to participate in the industry and Commerce has no inventory, brand demand. A number of institutions of the latest research reports show that the Ready-to-eat Sea to participate in the industry and commerce at present inventory in general only in 20至30%, especially thanks to the health needs of recent years, personal sea cucumber consumption is a combination of consumption escalation and consumption proliferation, Guangdong, east China and other southern areas of sea cucumber personal consumption increment. From the listed companies involved in the cultivation of sea cucumber, the following three companies may benefit from this round of sea cucumber price increases. One bridge seedling industry (002447) to achieve the initial construction of sea cucumber whole industry chain sales end of the first half of the company to achieve total operating income of 168 million yuan, an increase of 11.06%, operating cost of 59.3189 million yuan, an increase of 25.94%; The net profit of the shareholder of the listed company is 75.5821 million yuan, Rose 3.91%. Performance growth is not obvious mainly due to the cofferdam produced this year most of the sea cucumber 2011 purchased sea cucumber seedlings into aquaculture, the cost is high. At the same time because the first half of sea cucumber prices depressed, the cofferdam sea cucumber farming margin fell 12%, sea cucumber processing margin decreased by 24%. It is reported that the company since 2012 clear vertical and horizontal common development strategy: longitudinal is the formation of "nursery-culture-processing-Sales" of the entire industrial chain, the company's sea cucumber products in June this year has stationed 1th stores and the day Cat Mall, the entire industrial chain of sea cucumber sales terminal to achieve the initial network platform; Horizontal is through mergers and acquisitions and other means, The surrounding sea area resources are integrated to enlarge the breeding scale of the nursery water and cofferdam. The company continued to acquire the right to use the sea in January 13, the company's sea cucumber culture period of 2 years, so the second half of 13, the growth began to show gradually. Good Master (600467) The first half of the sea cucumber capture increased 15% companies reported that the first half of the income growth of 6%, net profit fell 37%, sea cucumber fishing increased by 15%, but sales of the average price fell 23%, resulting in a decrease in gross profit margin 7 points to 43%.China Merchants Securities are expected to sell sea cucumbers in the next three years 3600, 4000, 4800 tons, sales average price of 150, 158, 165 yuan/kg, 2013-15-year performance forecasts are 0.33, 0.48, 0.64 Yuan respectively. Although the stock price has already had the certain increase, but the early autumn catches rises anticipation strongly. The future of the company will be in the brand building up and down the full effort. The company's current marketing network continues to develop in depth, 2012 sales company headquarters moved from Jinan to Beijing, the formation of Beijing as a marketing center, the country divided into five regions of the management pattern, the establishment of Beijing, Shanghai, Jinan, Qingdao Four branches, add 18 direct stores, 74 stores, Taobao shop, The flagship store is open. In the first quarter of this year, the company's operating costs increased by 33.84% per cent over the same period last year, that is, the main department of the company under the holding subsidiary of Shandong Well owned marine Food Sales Co., Ltd. to increase sales channel construction, manpower, advertising costs incurred, and operating human costs increased. Oriental Ocean (002086) sea cucumber business gross profit margin of 49.83% Semiannual reported that the company's first half to achieve business income of 324 million yuan, an increase of 0.89%; comprehensive gross profit margin of 26.54%, Rose 0.31%, attributable to the parent company's owner net profit of 37.8856 million yuan, an increase of 0.82%, sea cucumber income growth of 32.09%, gross margin fell 5.32%. Company Sea Cucumber Aquaculture basically all into the rotary stage, the subsequent increase in the production of sea cucumber mainly from the increase in yield. The first half of the company to achieve sea cucumber business income of 126 million yuan, an increase of 32.09%, in sea cucumber prices fell 2.61% per cent year-on-year, the measurement company sea cucumber sales growth of about 30%~35%, slightly exceeding market expectations. But the sea cucumber price drop led to profitability decline, sea cucumber business gross profit margin 49.83%, down 5.32% year-on-year. (STCN company produced by News Center Guzhikuan)