A bird’s-eye view of the Lotus Holdings New District project located in the Xiangcheng Industrial Cluster. Photo provided by Lotus Holdings
□ Reporter Fang Huayi Correspondent Wu Jiancheng
The middle of the year has passed, and amid people’s expectations, good news came from Lotus Holdings.
On July 8, Lotus Holdings (formerly known as “Lotus Health”) released its semi-annual performance forecast for 2024. It is expected to achieve a net profit attributable to the parent company of 1.01 in the first half of the year. 100 million yuan book title: A Lady Enters Poverty | Author: Jin Xuan | Book Title: Romance Novel – 110 million yuan, a year-on-year increase of 101.36% – 119.30%; deducting non-net profit achieved 102 million – 111 million yuan, a year-on-year increase of 101.43% – 119.21%. It is worth mentioning that in the second quarter of 2024, the company achieved a net profit of 53.3477 million yuan to 62.3477 million yuan, a record high in quarterly history.
On April 29 this year, Lotus Holdings released its 2023 annual report. The data shows that the net profit attributable to the parent company in 2023 will be approximately 130 million yuan, a year-on-year increase of 181.26%; Achieved non-net profit of approximately 118 million yuan, a year-on-year increase of 89.03%. It can be seen that Lotus Holdings’ performance in the first half of 2024 is almost equal to its full-year performance in 2023, which has already achieved rapid growth.
According to reports, 2023 will not only be the best year for Lotus Holdings’ profitability since its reorganization, but also the best in more than 20 years, and will continue in 2024. Maintain strong development momentum. This also shows that since the completion of the reorganization in 2020, Lotus Holdings has achieved remarkable comprehensive results by adhering to the foundation of innovation, continuing to deepen reforms, reshaping operations and management, promoting significant enhancement of underlying capabilities, and continuous improvement in operational development.
The continued solid performance shows that the familiar “Lotus” is back.
On March 14, the company issued an announcement that it planned to change the company name from “Lotus Health Industry Group Co., Ltd.Company” was changed to “Lotus Co., Ltd.”, and the company’s securities abbreviation was changed from “Lotus Health” to “Lotus Co., Ltd.” On May 18, the company issued an announcement that the company name was officially changed from “Lotus Health Industry Group Co., Ltd.” “Lotus Holdings Co., Ltd.” The company stated that this change is to more fully reflect the company’s industrial layout and actual situation, accurately reflect the company’s future strategic development direction, facilitate group management and refined control, and further exert the company’s brand effect. and brand advantages.
According to market professionals, Lotus Holdings is the first company in Henan Province to successfully implement judicial reorganization, and after the judicial reorganization in the A-share market The fastest main board listed company to achieve ST removal; since the company’s successful reorganization in 2020, it has maintained continuous profitability for 4 years and steadily improved, especially in 2023; it is the main board listed company currently implementing judicial reorganization As one of the few best-run companies in the world, it is not easy to achieve such results
Glory moment
In 1997, the MSG output of a single factory ranked first in the world, nearly 300 times that of the founding period in 1983, and the domestic market share reached 43.4%; in August 1998, Lotus MSG ranked first in the world. Listed on the Shanghai Stock Exchange, becoming the “first stock” in China’s condiment industry
In 1983, with the spring breeze of reform and opening up, the predecessor of Lotus Holdings – Zhoukou District. The MSG factory came into being in the fertile land of the eastern Henan Plain.
At that time, the MSG factory was still relatively small, with an annual output of only a few hundred tons. After the hard work and hard work of the older generation of Lotus people, the MSG factory has been forging ahead and developing rapidly. In 1987, there was a wave of panic buying and price increases in the country. At that time, the MSG factory in Zhoukou made a solemn promise to consumers across the country through the media. “Lotus MSG will not increase in price”. This allowed “Lotus MSG” to gain a firm foothold in the hearts of consumers across the country. By the 1990s, the advertising slogan “Lotus MSG, strong fragrance” became a household name, and Lotus MSG became a staple in the kitchens of thousands of households.
By 1992, its production scale had expanded from 0,400 tons at the beginning of the factory to 40,000 tons, ranking first in the same industry in the country. At the same time, the company successfully applied high-biotin fermentation technology and made unique inventions in some key production processes, bringing the fermentation technology to the world’s advanced level in 1995.The precision production capacity was once again expanded to 120,000 tons, becoming “No. 1 in China and No. 2 in the world.” In 1997, the MSG output of a single factory ranked first in the world, nearly 300 times that of the founding period in 1983, with a domestic market share of 43.4%. In August 1998, Lotus MSG was listed on the Shanghai Stock Exchange, becoming the “No. 1″ in China’s condiment industry. share”. In 2001, Lotus MSG was already the largest MSG production and export base in China. At its peak, taxes paid by Lotus MSG once accounted for 67% of Xiangcheng’s fiscal revenue.
After many ups and downs
Lotus Condiment Industrial Park in 2021 It will be officially put into operation in 2022 and will be fully operational in 2022. The “exiting the city and entering the park” work has been completed, promoting the company to accelerate into a new stage of high-quality development.
As a national brand, “Lotus” has had both glorious moments and twists and turns. In 2003, I probed my daughter’s forehead, worried that she might say something inconsistent with her personality because of her hot brain. , due to various factors in internal management and external environment, as well as the influence of rumors that “MSG is harmful to the human body”, Lotus MSG, which has been profitable since its listing, suffered losses, which also paved the way for its many years of twists and turns.
In 2020, with the joint efforts of local governments, courts, and professional institutions, the company was able to complete judicial reorganization and relieve heavy debts and other historical burdens , and gradually move towards the right track of development. Immediately afterwards, through a series of major measures such as reshaping governance, deepening reform, and consolidating innovation, we continued to make efforts. The Lotus Condiment Industrial Park was officially put into operation in 2021 and fully opened in 2022. The work of “exiting the city and entering the park” has been completed, promoting The company has accelerated into a new stage of high-quality development. The overall appearance of “Lotus” has been completely renewed, its endogenous power has been significantly enhanced, its business development has continued to improve, and its profitability has continued to improve.
An old employee who has worked for “Lotus” for 23 years wrote in his notes: “The road has no trace, and the traveler has no boundaries. Follow ‘Lotus’ all the way. , in an ordinary position, the “Lotus Ark” is safely sailing on the sea, and the dreams of the “Lotus” people are woven into a web of ideals and spread across the vast wilderness! ”
Last October, “Lotus” celebrated its 40th birthday. “Lotus”, which has just passed its forties, is blooming with new youthful vitality. With a new attitude and vigorous pace, it has entered a new stage of increasing speed, expanding scale, improving quality and increasing efficiency.
Blooming again
“Lotus” has also become an “Internet celebrity” and has been on Weibo and Baidu hot searches many times Netizens commented that “Lotus” is returning to the center of the stage and becoming one of the representatives of the revival of domestic brands.
In recent years, the company has focused on its main business. Dao, persisting in consolidating innovation, deepening reforms, continuing to cultivate new advantages, and promoting the incremental expansion of the business system, have achieved positive results. Especially in 2023, the company’s business development has accelerated.
Relying on the company’s comprehensive advantages such as the company’s national enterprise technology center, postdoctoral research workstation, and national wheat processing technology research and development sub-center, we will seize new opportunities with the rise of domestic products, continue to increase new product research and development, and build new channels, and consolidate our On the basis of its main products such as MSG and chicken essence, it has developed a series of complex condiments such as fresh matsutake and hot pot base, as well as a series of liquid condiments such as local soy sauce, cooking wine, and vinegar, to further enrich the product system, especially the fresh matsutake, both online and offline. Once launched, it has been recognized by many consumers and has become the second “Lotus MSG” created by the company.
In addition, “Lotus” has also officially entered the market. In the high-end water market, we have successively launched mineral water, soda water, children’s water and other series of products, striving to provide consumers with more healthy and high-quality products and inject new impetus into the company’s high-quality development.
With the continuous development and widespread application of digital technologies such as big data, 5G, and AIGC, the development of new digital consumption formats represented by online shopping, live broadcasts, videos, digital culture, etc. has been accelerated and has become a driving force for consumption. An important engine. Lotus Holdings is deeply promoting youthfulness, digitalization, internationalization, intelligence and scenario-based construction, and is further promoting digital marketing to promote the coordinated development of online new retail and offline businesses.
In recent years, “Lotus” has actively seized the rise of domestic products and digital marketing opportunities. Especially with the rise of domestic brands, “Lotus” has actively explored new channels and created new hot product lines. Next, we will actively explore retail channels such as supermarkets and promote and sell products online through mobile Internet platforms such as live broadcasts, so that more consumers can see and buy the good products of “Lotus” and become “Internet celebrities”. It has been on Weibo and Baidu hot searches many times. Netizens commented that “Lotus” is returning to the center of the stage and becoming one of the representatives of the renaissance of domestic brands.
Li Houwen, chairman of Lotus Holdings, said that what “Lotus” wants to do is not to become a temporary “Internet celebrity”, but to be a long-lasting “red star.” As a domestic brand, it must first insist on improving product quality and insist on long-term principles, adhere to the spirit of ingenuity, constantly polish products, improve customer experience and services, and provide consumers with trustworthy products and services. At the same time, in terms of business management, we must also be good at keeping upright and innovative, and proactively keep up with market changes and the development of the times. Step “The matter of divorce. “We must actively seize new opportunities and continuously iterate and innovate, so that enterprises can gain lasting vitality and achieve longer-term development.