Arowana (300999), known as "oil grass", has never lacked attention in the capital market. After the release of its first annual report, it has been widely valued by the capital market. People from all walks of life have made an in-depth interpretation, optimistic about it, watching it decline, saying it is fair and reasonable, saying it is very lively.
Looking closely at the financial report of Arowana, we find that some key data of Arowana really deserve our attention, such as revenue, profit and dividend. Some of these data are brilliant, and some are bleak. This is probably the reason why the fryer appeared after the publication of the annual report of Arowana.
1.0 ? Big Mac revenue Arowana's revenue in 2020 is nearly 654.38+09.5 billion (the data of 654.38+09.5 billion is directly used later). The income of 654.38+095 billion is in A shares, which is a great data. As of today (20021.04.07), there are only 30 companies whose A-share revenue exceeds 195 billion (some companies' annual reports have not been published, and the data is incomplete), compared with 40 companies in 20 19.
If Arowana is put into the food and beverage industry for comparison, the revenue of 654.38+095 billion is a giant. You know, the "god stocks" in everyone's mind, Maotai and Haitian, have revenues of only 95 billion and 22.8 billion in 2020. Another example is Shuanghui, Maotai in meat, with a revenue of only 74 billion in 2020.
2.0 ? The net profit is huge, and the net profit rate is meager. The net profit of Arowana in 2020 is 6 billion. The net profit of 6 billion yuan is not a small data. Before entering the A-share market in 2020, 100 should be no problem. In 20 19, there were only 84 companies with a net profit of more than 6 billion in the A-share market, and now there are 66 companies in 2020 (some companies' annual reports have not been published and the data are incomplete).
However, the revenue of 195 billion is only 6 billion, and the net profit rate of arowana is really not high, less than 3. 1%, which is quite meager. The high profit rate is definitely one of the important reasons why people are crazy about liquor companies such as Maotai. In 2020, the net profit of Kweichow Moutai will exceed 50%.
3.0? According to the dividend plan of stingy Arowana in 2020, Arowana plans to distribute a cash dividend of 1. 1 1 yuan (including tax) for every 10 share. In short, the Arowana plan always pays dividends of 600 million. Earn 6 billion yuan and pay dividends of 6 billion yuan, accounting for 10%. This arowana is not generous. However, it is better than a company that doesn't score and doesn't score.
10% dividend rate, compared with many other "hairs", the dividend rate of Arowana is lower. For example, the dividend of "soy sauce wool" Haitian has remained above 30% in recent years. For example, the dividend of "hydropower" Yangtze Power is as high as 70%. Compared with the current share price of Arowana, the dividend yield of less than 0. 1% can only be lamented, which is too stingy.
4.0 ? Arowana's soy sauce may have a huge room for growth. Revenue, net profit and dividends must be paid attention to. However, in addition, there are other places worthy of attention in the annual report of Arowana. It can be found in the annual report that arowana is widely distributed in the food industry, and rice, flour, oil and condiments are all distributed in an all-round way.
Here, you need to pay attention to condiments. Because of the appearance of Haitian, everyone knows that soy sauce is a good deal. According to the brand and channel of arowana, the seasoning of arowana may challenge Haitian in the future. Once the seasoning of Arowana can really open the market, the future growth space of Arowana is full of imagination.
5.0 ? The annual report of Arowana, the controlling shareholder with high P/E ratio, shows that its controlling shareholder is an overseas enterprise named Bathos, with a shareholding ratio of 89.99%. It also means that nearly 90% of the dividend of 600 million yuan was taken away by Bartos. After layers of equity penetration, we found that Arowana finally belongs to Fengyi International, which is controlled by Guo Henian family, a Singaporean rich man.
As for the second-ranked shareholder, only 0.55% of the shares, not to mention. The second-ranked shareholder can say nothing, but the price-earnings ratio of Arowana has to be said. At present, the price-earnings ratio of Arowana is as high as 72.69, which is too high for a traditional enterprise. This is probably one of the reasons why Arowana's share price has plummeted in recent years.