In recent years, air fryers have gradually become the "sweet pastry" in the market. Compared with traditional ovens and fryers, air fryers have obvious advantages in terms of health concept, heating efficiency, ease of operation, and ease of cleaning . And the cross-border sellers who took advantage of the development also handed over a good report card.
The "first air fryer stock" that was successfully listed last year – Zhejiang BY Electric Co., Ltd. (hereinafter referred to as "BY Shares") announced the 2022 annual performance forecast, saying that it is expected to realize the annual profit attributable to the shareholders of the listed company in 2022. The net profit is 170 million to 200 million yuan, which will increase by 41.82% to 66.85% compared with the same period in 2021.
In addition, Biyi Stock also expects that the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses in 2022 will be 160 million to 190 million yuan , which will increase by 44.31% to 71.37% compared with the same period in 2021.
The profit growth trend is obvious, and Biyi shares are attributed to product structure and exchange rate fluctuations.
Specifically, in the past year, Biyi has continuously optimized its product structure, increased its gross profit margin, and improved its efficiency through intelligent production and other means . In addition, the exchange rate has risen , so its performance has increased significantly year-on-year.
As a high-tech enterprise with air fryers, air ovens, deep fryers, grills and other small heating kitchen appliances as its core, Biyi 's main business model includes /OEM business and self-owned brand OBM business.
Compared with the domestic market, the overseas market performance of Biyi shares is more impressive, and it has a presence in North America, Europe, South America, the Middle East and South Africa. However, affected by factors such as the international situation and inflation in Europe and the United States last year, overseas consumption in the first half of the year was slightly weak, and the market was relatively under pressure.
As far as products are concerned, according to its financial report for the first half of 2022, the air fryer is still the core product of BYI, with a revenue of 513 million yuan , 100 million yuan for the air oven, and 71 million yuan for the deep fryer .
After more than 20 years of intensive cultivation, Biyi shares have greatly improved in R&D and design capabilities, product quality control capabilities , manufacturing service capabilities, rapid response capabilities and professional after-sales service , so it has also become Philips, NEWELL, SharkNinja, SEB, Pampered Chef, Supor and other well-known kitchen appliance brands at home and abroad have been long-term suppliers, and even Amazon's big seller Chenbei Technology has cooperated with them.
Previously, Biyi shares stated on the investor interaction platform that its overseas market performance in 2022 will be better than expected. In the fourth quarter, in Europe, especially the United Kingdom, the overall order situation has increased a lot , and with the implementation of the reserve projects of various customers of the company in the later stage, we are optimistic about the revenue situation in 2023.
In the post-epidemic era, the demand for small household kitchen appliances such as air fryers continues to emerge . On TikTok, the hashtag #airfryer# has been viewed more than 4.5 billion times , and this type of product has even been listed on Amazon’s hot search word list many times .
Obviously, small kitchen appliances such as air fryers are still high-profile and high-demand products, and the growth trend will continue.