The stock opened on October 23, with a low opening of more than 6%, with a price of 45.98 yuan. After that, large orders were smashed continuously. The opening was only 2 minutes before it was closed and dropped. As of the closing, the price of falling and stopping is still close to 30000, with the amount of closing documents of about 130 million yuan, and the market value of the day evaporated by 4 billion yuan. The pickle successfully collapsed, and Ganyuan food fell more than 9% yesterday, and the food stocks of Zhongju hi tech, Qianhe flavor industry and Tianrun dairy industry all fell more than 6%. The three quarter report is the fuse for the drop stop. According to the financial report released late October 22, the company realized operating income of 1.798 billion yuan in the first three quarters of this year, an increase of 12.09% year-on-year; the net profit attributable to shareholders of listed companies was 614million yuan, an increase of 18.47% year-on-year. The revenue in the third quarter was RMB 600 million, an increase of 15.88% year-on-year, and the net profit attributable to the parent company was RMB 209 million, up 3% year on year. The reporter found that the opening of Fuling pickles fell sharply yesterday, which was related to the failure of the high growth expectation of previous institutions. At the end of September, Guotai Junan food team revealed that according to the terminal survey, Fuling pickle started to complete the reduction of packaging specifications of main circulation pickles (from 80g to 70g) in the third quarter based on terminal research (from 80g to 70g), which converted into that the company’s overall ton price increased by about 7% in the current quarter, which offset the pressure on the upward price of raw materials, and judged that the income growth in the third quarter was more than 20%, Profit side is expected to show higher flexibility. From the three quarter receipt, the income and profit are lower than expected, which is difficult to match the label of “growth stock”. It is worth mentioning that by the end of the third quarter of this year, the receivables of Fuling pickles reached 38799700 yuan, which was nearly 100 times higher than that of RMB 386100 at the end of 2019. In order to strengthen the sales of new products, increase the blank market and improve the competitiveness with competitors, the company moderately relaxed some customer credit lines. At the same time, the valuation of Fuling pickle has been “heaven”. Even if the stock price fell sharply yesterday, the company’s dynamic P / E ratio was still nearly 50 times, up nearly 70% in the year, according to ifnd. In addition to the capital flight, executives are also reducing their holdings. Fuling pickle 22 evening announcement said that the company recently received the director Zhaoping and chairman xiaodabo about the plan to reduce shares. Among them, Zhao Ping intends to reduce the holding of no more than 23000 shares, accounting for 0.0291% of the total share capital of the company; Xiao Dabo plans to reduce the holding of no more than 500000 shares, accounting for 0.0633% of the total share capital of the company. It is worth mentioning that there are still the second half of the above-mentioned Guotai Junan Research Report. It is pointed out that with the decline of the volume of pickles in Fuling, the continuous improvement of coverage and re purchase rate, the combination of the low base brought by the same period of inventory removal and the decrease of the sales expense rate on the profit side, it is judged that the company’s performance growth in the fourth quarter of this year will be significantly improved, and there is a possibility that the company will exceed the market expectation. Weiwei The price of the project is 60.84 yuan. The teacher of securities firm, do not know investors believe it or not? Disclaimer: the purpose of this article is to transmit more information, not to represent the views and positions of the website. The content of this article is for reference only, and does not constitute investment suggestions. Investors operate on this basis and bear their own risks. China network is a national key news website under the administration of the Bureau of foreign language publishing and distribution under the leadership of the Information Office of the State Council. The network is an important window for China to conduct international communication and information exchange through 11 language versions in 10 languages and 24-hour information release.