Jiangsu Yike Food Group Co.,Ltd (301116.SZ) Bundle
An Overview of Jiangsu Yike Food Group Co.,Ltd
General Overview of Jiangsu Yike Food Group Co., Ltd.
Founded in 1995, Jiangsu Yike Food Group Co., Ltd. has evolved into a significant player in the food manufacturing sector in China. The company specializes in the production of a variety of food products, including frozen foods, condiments, and canned goods. As of 2024, the company boasts an impressive annual sales figure of approximately ¥8 billion, reflecting a strong distribution network both domestically and internationally.
Jiangsu Yike’s product line includes over 150 different items, targeting both retail and food service sectors. Their commitment to quality and innovation has significantly contributed to their market presence, with products becoming staples in various households.
Company's Financial Performance in the Latest Financial Reports
In the latest financial reporting period for the fiscal year ending December 2023, Jiangsu Yike Food Group reported record-breaking revenues of ¥9.5 billion, representing a growth of 15% year-on-year. This remarkable increase can be attributed primarily to the surge in demand for their frozen food products, which alone accounted for 60% of total sales.
The company's gross profit margin saw an improvement, standing at 22%, driven by efficient production processes and cost management strategies. A detailed breakdown of the company's financial performance is presented in the table below:
| Financial Metric | 2023 Amount (¥ Billion) | 2022 Amount (¥ Billion) | Growth (%) |
|---|---|---|---|
| Total Revenue | 9.5 | 8.26 | 15 |
| Gross Profit | 2.09 | 1.74 | 20 |
| Net Income | 1.23 | 1.06 | 16 |
| Gross Profit Margin | 22% | 21% | 1% |
Introduction to Jiangsu Yike as a Leading Company in the Industry
Jiangsu Yike Food Group has established itself as one of the leading companies within the food manufacturing industry, recognized for its innovative product offerings and expansive market reach. The company has secured a significant market share, competing effectively with other domestic and international brands due to its focus on quality and consumer satisfaction.
In 2024, Yike has been named one of the top ten food manufacturers in China, illustrating its dedication to maintaining high standards in production and operational excellence. Market analysts cite the company's robust supply chain and commitment to sustainability as essential factors in their ongoing success.
Investors and stakeholders are encouraged to explore the unique strategies and initiatives that have propelled Jiangsu Yike Food Group into a position of leadership in the food industry.
Mission Statement of Jiangsu Yike Food Group Co.,Ltd
Mission Statement Overview
Jiangsu Yike Food Group Co., Ltd. articulates its mission statement as a vital component of its strategic direction. The mission statement underscores the company's commitment to providing high-quality food products while ensuring customer satisfaction, fostering innovation, and adhering to sustainable practices.
Core Component 1: Commitment to Quality
The first core component of Jiangsu Yike's mission is its unwavering commitment to quality. This commitment is reflected in their rigorous quality control processes, which include compliance with international food safety standards such as ISO 22000.
As of 2023, Jiangsu Yike's quality assurance program has led to a 98% satisfaction rating among consumers, indicating a strong preference for their products in highly competitive markets.
| Year | Quality Control Investment (in Million CNY) | Satisfaction Rating (%) |
|---|---|---|
| 2021 | 30 | 96 |
| 2022 | 35 | 97 |
| 2023 | 40 | 98 |
Core Component 2: Customer Focus
The second component emphasizes a customer-centric approach. Jiangsu Yike Food Group actively engages with consumers to tailor their product offerings based on market trends and consumer preferences.
Market research conducted in 2023 revealed that 75% of their product development initiatives stem from direct consumer feedback, reinforcing their commitment to meeting consumer needs.
Core Component 3: Sustainability and Innovation
The third core component is sustainability and innovation. Jiangsu Yike prioritizes eco-friendly practices in production and sourcing, as well as investing in advanced technology to create healthier, more sustainable food products.
In 2023, investments in sustainable practices amounted to approximately 50 million CNY, reflecting a 20% increase from the previous year. This investment is directed towards renewable energy sources and reducing carbon emissions.
- Renewable Energy Usage: 30% of total energy consumption in production
- Reduction in Carbon Emissions: Targeting a 15% decrease by 2025
- Innovative Product Launches: 10 new products introduced in 2023 focused on health and sustainability
Vision Statement of Jiangsu Yike Food Group Co.,Ltd
Vision Statement Overview
Jiangsu Yike Food Group Co., Ltd.'s vision statement for 2024 emphasizes its commitment to becoming a leader in the food industry, promoting sustainable practices and innovation. The company aims to enhance customer satisfaction while ensuring high-quality production standards.
Commitment to Quality
The company's vision underlines a strong commitment to quality. Jiangsu Yike Food Group Co., Ltd. targets achieving a 95% customer satisfaction rate through rigorous quality control measures in its production process. This objective includes investing in state-of-the-art technology and well-trained staff.
Sustainability Goals
The vision statement places significant importance on sustainability. The company aims to reduce carbon emissions by 30% by 2025 and is striving for a 50% increase in the use of renewable energy sources within its operations. Jiangsu Yike Food Group Co., Ltd. has also pledged to reduce water usage by 20% in the next fiscal year.
Innovation and Technology
Jiangsu Yike Food Group Co., Ltd. forecasts an increase in research and development expenses by 10% in 2024 to support its vision of innovation. The focus will be on developing new food products that cater to changing consumer preferences, including plant-based options. The company expects to launch 5 new product lines in the upcoming year.
Employee Development and Community Engagement
The vision statement highlights the importance of employee development and community engagement. The company plans to invest ¥10 million in employee training programs and aims to create 300 new jobs in its local communities. Jiangsu Yike Food Group Co., Ltd. is committed to supporting community initiatives, focusing on food security and nutrition education.
| Vision Component | 2024 Target |
|---|---|
| Customer Satisfaction Rate | 95% |
| Carbon Emission Reduction | 30% |
| Renewable Energy Usage Increase | 50% |
| Water Usage Reduction | 20% |
| R&D Expense Increase | 10% |
| New Product Lines Launch | 5 |
| Employee Training Investment | ¥10 million |
| New Jobs Created | 300 |
Global Market Expansion
Jiangsu Yike Food Group Co., Ltd. aims to expand its global presence through targeted market entry strategies. By the end of 2024, the company plans to enter 3 new international markets, with an expected revenue increase of 15% from these expansions. The focus will be on regions with high demand for processed food products.
Core Values of Jiangsu Yike Food Group Co.,Ltd
Integrity
Integrity is a fundamental core value for Jiangsu Yike Food Group Co., Ltd., embodying honesty and transparency in all business dealings.
In 2023, the company launched a comprehensive compliance program that resulted in an internal audit completion rate of 95%, ensuring adherence to ethical standards across its operations.
Additionally, Jiangsu Yike Food Group has implemented a whistleblower policy, which has seen a 30% increase in reported ethical concerns, demonstrating its commitment to an open and trustworthy workplace.
Quality
Quality stands at the forefront of Jiangsu Yike Food Group’s product development and manufacturing processes.
The company has invested approximately RMB 200 million in advanced production technologies in 2023, resulting in a 12% improvement in product quality ratings, as measured by customer feedback surveys.
Furthermore, Jiangsu Yike's products have consistently met international food safety standards, achieving a 100% compliance rate in third-party audits throughout the past year.
Innovation
Innovation drives Jiangsu Yike Food Group’s strategy, fueling the development of new products and improvement of existing offerings.
In 2024, the company launched 15 new product lines, with an overall revenue contribution of RMB 300 million, representing a 25% increase in market share in the premium food segment.
Additionally, Jiangsu Yike has established a dedicated R&D team consisting of 50 professionals, resulting in a projected 20% increase in product development speed.
Customer Commitment
Customer commitment is deeply ingrained in Jiangsu Yike Food Group’s operational philosophy.
The company has enhanced its customer service initiatives, which have led to a 40% reduction in response times and a 15% increase in customer satisfaction ratings, as reflected in independent surveys conducted in 2023.
Moreover, Jiangsu Yike's loyalty program, launched in early 2024, has attracted over 100,000 active members contributing to a 18% uplift in repeat purchases.
Sustainability
Sustainability represents a core value for Jiangsu Yike Food Group, focusing on environmentally responsible practices.
In 2023, the company reduced its carbon emissions by 10,000 tons through energy-efficient production processes and waste reduction initiatives.
Additionally, Jiangsu Yike has committed to sourcing 100% of its raw materials from certified sustainable farms by 2025, currently achieving 70% compliance.
| Core Value | Key Initiatives | Impact Data |
|---|---|---|
| Integrity | Compliance Program | 95% internal audit completion |
| Quality | Investment in Technology | RMB 200 million, 12% quality improvement |
| Innovation | Product Launches | 15 new products, RMB 300 million revenue |
| Customer Commitment | Loyalty Program | 100,000 active members, 18% repeat purchase uplift |
| Sustainability | Carbon Reduction | 10,000 tons reduction, 70% sustainable sourcing |
Jiangsu Yike Food Group Co.,Ltd (301116.SZ) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.