Financial Analysis on Yankershop Food Co., Ltd

Research Article
Open access

Financial Analysis on Yankershop Food Co., Ltd

Jiajin Chen 1*
  • 1 East China University of Political Science and Law    
  • *corresponding author 200530010103@ecupl.edu.cn
Published on 13 September 2023 | https://doi.org/10.54254/2754-1169/22/20230334
AEMPS Vol.22
ISSN (Print): 2754-1177
ISSN (Online): 2754-1169
ISBN (Print): 978-1-915371-87-4
ISBN (Online): 978-1-915371-88-1

Abstract

With the gradual liberalization of China's epidemic policy, China's retail consumer industry is also recovering. Yankershop is a well-known company in China that specializes in snack manufacturing and sales. Yankershop's share price showed a rapid upward trend in both the second half of 2022 and the beginning of 2023, which means Yankershop perform well in this period and investors in the market show their confidence in this company. In FY2022Q3Yankershop's ROE reached 22.81%, which is an absolute leader in the snack industry. This article first analyzes the current situation of China's leisure snack industry and combines it with the situation of Yankershop. After that, this article analyzes Yankershop's business conditions through the company's overall introduction, accounting policy confirmation, and accounting analysis. At the same time, the results of Yankershop's sales channel reform and product strategy reform are mentioned in this article. These two reforms can partly explain Yankershop's good performance. Finally, analyze and reveal the future profitability of Yankershop and possible risks.

Keywords:

food company, accounting analysis, performance evaluation

Chen,J. (2023). Financial Analysis on Yankershop Food Co., Ltd. Advances in Economics, Management and Political Sciences,22,378-387.
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References

[1]. Yankershop 2022 Financial Results, http://static.cninfo.com.cn/finalpage/2023-01-19/1215648760, last accessed 2023/03/01.

[2]. Yankershop Securities Research Report 2022, Huaan Securities (2022).

[3]. Bestore Co. Securities Research Report 2020, Kaiyuan Securities (2020).

[4]. Yan, X.: Ice and Fire Dualism in Snack Food Industry: Channel Transformation behind the Performance Forecast of Laiyifen and Other Three Companies. China Food Industry, 3, 9-11 (2023).

[5]. Yankershop 2021 Annual Report, http://static.cninfo.com.cn/finalpage/2022-03-31/1212750970, last accessed 2023/03/01.

[6]. Wu, L., & Liu, Y.: The impact of structural shocks on the Chinese economy: On the economic impact of the COVID-19 pandemic. Contemporary Finance & Economics, 11, 3-15 (2021).

[7]. Li, X.: Significant performance differentiation in the snack food industry: category and channel diversification remain the key to success. China Food Industry, 3, 6-8 (2023).

[8]. Yankershop 2022 Financial Statements, http://static.cninfo.com.cn/finalpage/2023-02-28/1215987186, last accessed 2023/03/01.

[9]. Yankershop Securities Research Report 2021H1, TF Securities (2021).

[10]. Yankershop Securities Research Report 2022Q1, Topsperity Securities (2022).

[11]. Yankershop Securities Research Report 2022Q3, Minsheng Securities (2022).

[12]. Yankershop Announcement on the Company's Acquisition of Government Grant, http://static.cninfo.com.cn/finalpage/2023-01-06/1215532071, last accessed 2023/03/01.

[13]. Yankershop Announcement on Appointment of Deputy General Manager, http://static.cninfo.com.cn/finalpage/2022-10-26/1214903150, last accessed 2023/03/01.

[14]. Zhu, Q. R., Sun, M. S., & Yang, W. D. Evaluation of the impact of COVID-19 on China's economy: An empirical study based on the GTAP model. Statistics and Decision, 36(21), 91-96 (2020).

Cite this article

Chen,J. (2023). Financial Analysis on Yankershop Food Co., Ltd. Advances in Economics, Management and Political Sciences,22,378-387.

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About volume

Volume title: Proceedings of the 2023 International Conference on Management Research and Economic Development

ISBN：978-1-915371-87-4(Print) / 978-1-915371-88-1(Online)
Editor：Canh Thien Dang, Javier Cifuentes-Faura
Conference website: https://2023.icmred.org/
Conference date: 28 April 2023
Series: Advances in Economics, Management and Political Sciences
Volume number: Vol.22
ISSN：2754-1169(Print) / 2754-1177(Online)

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References

[1]. Yankershop 2022 Financial Results, http://static.cninfo.com.cn/finalpage/2023-01-19/1215648760, last accessed 2023/03/01.

[2]. Yankershop Securities Research Report 2022, Huaan Securities (2022).

[3]. Bestore Co. Securities Research Report 2020, Kaiyuan Securities (2020).

[4]. Yan, X.: Ice and Fire Dualism in Snack Food Industry: Channel Transformation behind the Performance Forecast of Laiyifen and Other Three Companies. China Food Industry, 3, 9-11 (2023).

[5]. Yankershop 2021 Annual Report, http://static.cninfo.com.cn/finalpage/2022-03-31/1212750970, last accessed 2023/03/01.

[6]. Wu, L., & Liu, Y.: The impact of structural shocks on the Chinese economy: On the economic impact of the COVID-19 pandemic. Contemporary Finance & Economics, 11, 3-15 (2021).

[7]. Li, X.: Significant performance differentiation in the snack food industry: category and channel diversification remain the key to success. China Food Industry, 3, 6-8 (2023).

[8]. Yankershop 2022 Financial Statements, http://static.cninfo.com.cn/finalpage/2023-02-28/1215987186, last accessed 2023/03/01.

[9]. Yankershop Securities Research Report 2021H1, TF Securities (2021).

[10]. Yankershop Securities Research Report 2022Q1, Topsperity Securities (2022).

[11]. Yankershop Securities Research Report 2022Q3, Minsheng Securities (2022).

[12]. Yankershop Announcement on the Company's Acquisition of Government Grant, http://static.cninfo.com.cn/finalpage/2023-01-06/1215532071, last accessed 2023/03/01.

[13]. Yankershop Announcement on Appointment of Deputy General Manager, http://static.cninfo.com.cn/finalpage/2022-10-26/1214903150, last accessed 2023/03/01.

[14]. Zhu, Q. R., Sun, M. S., & Yang, W. D. Evaluation of the impact of COVID-19 on China's economy: An empirical study based on the GTAP model. Statistics and Decision, 36(21), 91-96 (2020).

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