自上市以来,海南椰岛进军多个产业,但最终带来收益并不大,核心业务保健酒的业绩更是连年下滑。
近日,第110届全国糖酒商品交易会在成都拉开序幕,大批国内外酒企、经销商参展,其中包括在不久前获得“中华老字号”称号的海南椰岛。
据海南椰岛官微,公司董事长段守奇在展会现场介绍今年与去年有何不同时称:“回望过去,我们走了许多的弯路;展望未来,历经磨砺、回归初心的海南椰岛,决定把握行业机会、锚定前进方向、清除过往积弊,在保健酒赛道上持续坚守。”
事实上,段守奇近期曾多次提到“回归做酒初心”。
作为“中国保健酒第一股”,保健酒是海南椰岛的核心业务,随着公司多次对其他行业进行探索,其保健酒业务也呈现出了疲软态势,导致公司业绩表现并不乐观。
食品产业分析师朱丹蓬表示,如今,海南椰岛主业不强,副业太多,加之公司体量小利润低,没有形成护城河,抗风险能力也很差。此外,海南椰岛实控人变换频繁,其战略摇摆不定也是当前困境所在,未来如何把主业做强、做大、做精、做透才是更好发展的关键。
连续亏损多年
公开资料显示,海南椰岛成立于1953年,其前身为国营海口市饮料厂。1993年,海南椰岛完成股份制改造,并于2000年在上海证券交易所主板上市,是一家以保健酒、白酒产业为核心,涉及食品、饮料、贸易、投资等多个领域的大型国资实控上市企业集团。
1月31日,海南椰岛发布2023年业绩预告,预计实现归母净利润为-1.3亿元到-1.1亿元,扣非净利润为-1.3亿元到-1.1亿元。
谈及净利润亏损的原因,公司在公告中表示,2023年度公司受控制权变更、经营团队调整、市场动销不畅等因素影响,主营业务收入整体下滑,当期营业毛利无法覆盖当期经营费用,加上应收款项计提信用减值损失,导致公司经营亏损。
拉长时间来看,海南椰岛亏损有进一步增大的趋势。
2020年至2022年,公司实现营收8.08亿元、8.33亿元、4.16亿元,归母净利润为0.24亿元、-0.6亿元、-1.18亿元。若算上2023年,则公司近4年内仅2020年净利润为正,其余3年均为亏损,合计亏损数额在3亿元左右。
而公司业绩的下滑与其主营业务保健酒表现不佳有关。
2020年—2022年,海南椰岛曾经的核心产品“鹿龟酒系列”的销售收入分别为9423.88万元、6928.31万元和3238.4万元,同期“海王酒系列”实现销售收入分别为1.21亿元、1.01亿元、8870.66万元,均呈下滑趋势。
从盈利能力来看,公司酒类产品的毛利率也正逐年走低,同期分别为56.39%、46.13%及34.06%。
管理层频繁变动
正如海南椰岛在公告中称,去年亏损与公司控制权频繁变更且管理层调整较大有关。近几年,海南椰岛的股权结构曾多次发生变化。
初期海南椰岛的控股股东是海口国资,直到2015年,公司迎来了关键人物冯彪。
2014年,冯彪携旗下“东方君盛”平台通过股份受让、增持等方式,在2015年拿下海南椰岛18.47%的股权,使东方君盛成为海南椰岛第一大股东,但此后数年海南椰岛一直处于无实控人状态,直到2019年,东方君盛成为公司控股股东,王贵海成为公司实控人。2021年6月,王贵海离场,冯彪成为海南椰岛实控人。
2016年1月冯彪出任海南椰岛董事长,其执掌海南椰岛期间,公司曾一度“披星戴帽”,滑至退市边缘。
营收规模方面,2016年海南椰岛录得8.46亿元,但此后,仅2017年高于这一规模,为11.43亿元,2018年至2021年,海南椰岛的营收分别为7.06亿元、6.25亿元、8.08亿元、8.33亿元。
净利方面更是大亏小赚,若是剔除非经常损益的影响,仅2020年赚1631.35万元,其余年份均录得大额亏损。
2021年9月,冯彪卸任海南椰岛董事长一职,海口汇翔及海南信唐的实控人王晓晴接任。然而王晓晴的任职时间不足两年,海南椰岛董事长职位就再次发生了变动。
去年东方君盛持有的海南椰岛股权被竞拍后,原第二大股东海口国资委则以13.46%的股份“被动”成为海南椰岛第一大股东,海南椰岛重新被国资控股。并于去年6月,来自海口国资委的段守奇出任公司董事长。
如今,海南椰岛又变成了国资控股的企业,但在业内人士看来,这么多年来公司控制权变更、经营团队调整,也让公司很难将注意力集中在主业上。
重操旧业挽颓势
事实上,自上市以来,海南椰岛进军了其他多个产业,但到最后为公司带来的收益并不大。而且,公司核心业务保健酒业绩更是连年下滑。
2003年,公司切入贸易领域,随后又持续布局了淀粉、食用油,2009年开始涉足房地产,2019年还进军了体彩业,最近两年更是高调迈入酱酒行业。
据公司公告,2021年,海南椰岛分别与四川宜府春酒业集团有限公司、河北衡湖缘酿酒有限公司、贵州省仁怀市茅台镇糊涂酒业(集团)有限公司等酒企合作,成立多家合资公司,推出不同香型的白酒,大跨步进入白酒行业。
其中更是以牵手茅台镇酒企最为引人关注。海南椰岛在相关合同中承诺在未来5年内,由公司或协调第三方向糊涂集团注资50亿元,协助将糊涂集团打造为仁怀第二大酱香酒企业。
然而,许下豪言壮语的海南椰岛最终收到了海南证监局的”罚单“,因50亿元投资款的来源存在重大不确定性、公司违规信披,对时任董事长兼总经理冯彪、公司董事会秘书杨鹏下达行政监管措施决定书。
此外,随着酱酒热逐渐褪去,酱酒行业也从跑马圈地时代逐渐进入存量竞争时代,这一定程度上挤压了中小酱酒企业市场份额,海南椰岛的酱酒计划似乎并未达到预期。去年前三季度,海南椰岛白酒收入同比下滑91.84%。
或是探索其他业务无果,公司开始重新发力保健酒赛道。
根据国家企业信用信息公示系统官网显示,2023年11月,一家名为椰岛国威保健酒(海南)有限公司的新公司成立,其由海南椰岛100%控股,注册资金为1000万元。
段守奇也在开年寄语等多个场合中提到“回归做酒初心”。
不过,现如今海南椰酒的老对手劲酒已早将其甩在了身后。据悉,目前劲酒已占据超80%的市场份额,且早已突破百亿销售额,而海南椰酒2022年仅实现4亿元的营收,留给海南椰岛深耕并拓展的市场空间已不剩几分。
此外,除了劲酒之外,还有源源不断向着保健酒市场进军的白酒企业。例如,茅台、五粮液早已专门成立保健酒公司,洋河、泸州老窖、汾酒均发力推出相关产品。
值得注意的是,尽管称要坚守保健酒赛道,但海南椰酒对外投资仍未停歇。2月,海南椰岛还参与出资成立椰岛能源(江西)有限公司,经营范围涉及煤炭制品销售、新型陶瓷材料销售、稀土功能材料销售等,该公司注册资本为1000万元,海南椰岛持股60%。
记者 刘星雨
左宇
责任 毕丹丹
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#191919;--weui-BG-3: #202020;--weui-BG-4: #404040;--weui-BG-5: #2c2c2c;--weui-FG-0: rgba(255, 255, 255, .85);--weui-FG-HALF: rgba(255, 255, 255, .65);--weui-FG-1: rgba(255, 255, 255, .55);--weui-FG-2: rgba(255, 255, 255, .35);--weui-FG-3: rgba(255, 255, 255, .1);--weui-FG-4: rgba(255, 255, 255, .15);--weui-FG-5: rgba(255, 255, 255, .1);--weui-RED: #fa5151;--weui-ORANGERED: #ff6146;--weui-ORANGE: #c87d2f;--weui-YELLOW: #cc9c00;--weui-GREEN: #74a800;--weui-LIGHTGREEN: #3eb575;--weui-BRAND: #07c160;--weui-BLUE: #10aeff;--weui-INDIGO: #1196ff;--weui-PURPLE: #8183ff;--weui-WHITE: rgba(255, 255, 255, .8);--weui-LINK: #7d90a9;--weui-TEXTGREEN: #259c5c;--weui-FG: #fff;--weui-BG: #000;--weui-TAG-TEXT-RED: rgba(250, 81, 81, .6);--weui-TAG-BACKGROUND-RED: rgba(250, 81, 81, .1);--weui-TAG-TEXT-ORANGE: rgba(250, 157, 59, .6);--weui-TAG-BACKGROUND-ORANGE: rgba(250, 157, 59, .1);--weui-TAG-TEXT-GREEN: rgba(6, 174, 86, .6);--weui-TAG-BACKGROUND-GREEN: rgba(6, 174, 86, .1);--weui-TAG-TEXT-BLUE: rgba(16, 174, 255, .6);--weui-TAG-BACKGROUND-BLUE: rgba(16, 174, 255, .1);--weui-TAG-TEXT-BLACK: rgba(255, 255, 255, .5);--weui-TAG-BACKGROUND-BLACK: rgba(255, 255, 255, .05)}}@media screen and (min-width:1024px){body:not(.pages_skin_pc) .wx-root,body:not(.pages_skin_pc) body{--appmsgExtra-BG: #F7F7F7}}@media screen and (min-width:1024px){body:not(.pages_skin_pc) .wx-root[data-weui-theme=dark],body:not(.pages_skin_pc) body[data-weui-theme=dark]{--weui-BG-0: #111;--weui-BG-1: #1e1e1e;--weui-BG-2: #191919;--weui-BG-3: #202020;--weui-BG-4: #404040;--weui-BG-5: #2c2c2c;--weui-FG-0: rgba(255, 255, 255, .8);--weui-FG-HALF: rgba(255, 255, 255, .6);--weui-FG-1: rgba(255, 255, 255, .5);--weui-FG-2: rgba(255, 255, 255, .3);--weui-FG-3: rgba(255, 255, 255, .1);--weui-FG-4: rgba(255, 255, 255, .15);--weui-FG-5: rgba(255, 255, 255, .1);--weui-RED: #fa5151;--weui-ORANGERED: #ff6146;--weui-ORANGE: #c87d2f;--weui-YELLOW: #cc9c00;--weui-GREEN: #74a800;--weui-LIGHTGREEN: #3eb575;--weui-BRAND: #07c160;--weui-BLUE: #10aeff;--weui-INDIGO: #1196ff;--weui-PURPLE: #8183ff;--weui-WHITE: rgba(255, 255, 255, .8);--weui-LINK: #7d90a9;--weui-TEXTGREEN: #259c5c;--weui-FG: #fff;--weui-BG: #000;--weui-TAG-TEXT-RED: rgba(250, 81, 81, .6);--weui-TAG-BACKGROUND-RED: rgba(250, 81, 81, .1);--weui-TAG-TEXT-ORANGE: rgba(250, 157, 59, .6);--weui-TAG-BACKGROUND-ORANGE: rgba(250, 157, 59, .1);--weui-TAG-TEXT-GREEN: rgba(6, 174, 86, .6);--weui-TAG-BACKGROUND-GREEN: rgba(6, 174, 86, .1);--weui-TAG-TEXT-BLUE: rgba(16, 174, 255, .6);--weui-TAG-BACKGROUND-BLUE: rgba(16, 174, 255, .1);--weui-TAG-TEXT-BLACK: rgba(255, 255, 255, .5);--weui-TAG-BACKGROUND-BLACK: rgba(255, 255, 255, .05)}}@media screen and (min-width:1024px){body:not(.pages_skin_pc) .wx-root[data-weui-theme=dark],body:not(.pages_skin_pc) body[data-weui-theme=dark]{--appmsgExtra-BG: #121212}}@media screen and (min-width:1024px){body:not(.pages_skin_pc)body:not(.pages_skin_pc){background:var(--weui-BG-2)}}@media screen and (min-width:1024px) and (prefers-color-scheme:dark){body:not(.pages_skin_pc) .wx-root[data-weui-mode=care]:not([data-weui-theme=light]),body:not(.pages_skin_pc) body[data-weui-mode=care]:not([data-weui-theme=light]){--weui-BG-0: #111;--weui-BG-1: #1e1e1e;--weui-BG-2: #191919;--weui-BG-3: #202020;--weui-BG-4: #404040;--weui-BG-5: #2c2c2c;--weui-FG-0: rgba(255, 255, 255, .85);--weui-FG-HALF: rgba(255, 255, 255, .65);--weui-FG-1: rgba(255, 255, 255, .55);--weui-FG-2: rgba(255, 255, 255, .35);--weui-FG-3: rgba(255, 255, 255, .1);--weui-FG-4: rgba(255, 255, 255, .15);--weui-FG-5: rgba(255, 255, 255, .1);--weui-RED: #fa5151;--weui-ORANGERED: #ff6146;--weui-ORANGE: #c87d2f;--weui-YELLOW: #cc9c00;--weui-GREEN: #74a800;--weui-LIGHTGREEN: #3eb575;--weui-BRAND: #07c160;--weui-BLUE: #10aeff;--weui-INDIGO: #1196ff;--weui-PURPLE: #8183ff;--weui-WHITE: rgba(255, 255, 255, .8);--weui-LINK: #7d90a9;--weui-TEXTGREEN: #259c5c;--weui-FG: #fff;--weui-BG: #000;--weui-TAG-TEXT-RED: rgba(250, 81, 81, .6);--weui-TAG-BACKGROUND-RED: rgba(250, 81, 81, .1);--weui-TAG-TEXT-ORANGE: rgba(250, 157, 59, .6);--weui-TAG-BACKGROUND-ORANGE: rgba(250, 157, 59, .1);--weui-TAG-TEXT-GREEN: rgba(6, 174, 86, .6);--weui-TAG-BACKGROUND-GREEN: rgba(6, 174, 86, .1);--weui-TAG-TEXT-BLUE: rgba(16, 174, 255, .6);--weui-TAG-BACKGROUND-BLUE: rgba(16, 174, 255, .1);--weui-TAG-TEXT-BLACK: rgba(255, 255, 255, .5);--weui-TAG-BACKGROUND-BLACK: rgba(255, 255, 255, .05)}}@media screen and (min-width:1024px) and (prefers-color-scheme:dark){body:not(.pages_skin_pc) .wx-root:not([data-weui-theme=light]),body:not(.pages_skin_pc) body:not([data-weui-theme=light]){--weui-BG-0: #111;--weui-BG-1: #1e1e1e;--weui-BG-2: #191919;--weui-BG-3: #202020;--weui-BG-4: #404040;--weui-BG-5: #2c2c2c;--weui-FG-0: rgba(255, 255, 255, .8);--weui-FG-HALF: rgba(255, 255, 255, .6);--weui-FG-1: rgba(255, 255, 255, .5);--weui-FG-2: rgba(255, 255, 255, .3);--weui-FG-3: rgba(255, 255, 255, .1);--weui-FG-4: rgba(255, 255, 255, .15);--weui-FG-5: rgba(255, 255, 255, .1);--weui-RED: #fa5151;--weui-ORANGERED: #ff6146;--weui-ORANGE: #c87d2f;--weui-YELLOW: #cc9c00;--weui-GREEN: #74a800;--weui-LIGHTGREEN: #3eb575;--weui-BRAND: #07c160;--weui-BLUE: #10aeff;--weui-INDIGO: #1196ff;--weui-PURPLE: #8183ff;--weui-WHITE: rgba(255, 255, 255, .8);--weui-LINK: #7d90a9;--weui-TEXTGREEN: #259c5c;--weui-FG: #fff;--weui-BG: #000;--weui-TAG-TEXT-RED: rgba(250, 81, 81, .6);--weui-TAG-BACKGROUND-RED: rgba(250, 81, 81, .1);--weui-TAG-TEXT-ORANGE: rgba(250, 157, 59, .6);--weui-TAG-BACKGROUND-ORANGE: rgba(250, 157, 59, .1);--weui-TAG-TEXT-GREEN: rgba(6, 174, 86, .6);--weui-TAG-BACKGROUND-GREEN: rgba(6, 174, 86, .1);--weui-TAG-TEXT-BLUE: rgba(16, 174, 255, .6);--weui-TAG-BACKGROUND-BLUE: rgba(16, 174, 255, .1);--weui-TAG-TEXT-BLACK: rgba(255, 255, 255, .5);--weui-TAG-BACKGROUND-BLACK: rgba(255, 255, 255, .05)}}@media screen and (min-width:1024px) and (prefers-color-scheme:dark){body:not(.pages_skin_pc) 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