The proportion of domestic sea cucumber tapping deep processing will be greatly increased, 4 shares have attractive

The Ministry of Health recently replied to the China Association for the Distribution and Processing of Aquatic Products, stating that dry sea cucumber production and operation companies should implement the “Standard of Dried Sea Cucumbers (SC/T3206-2009) of the People's Republic of China for Aquatic Products Industry”. Dry sea use is not allowed to use salt except for participating in the work. Apart from other food additives, the China Aquatic Products Circulation and Processing Association stated that it will rectify the sea cucumber market with agriculture, industry and commerce, quality inspection, and food and drug administration bureaus in the near future and will resolutely ban the "sweet dried sea cucumbers."

Our research shows that domestic fresh sea cucumbers have a sales volume of at least 20 billion yuan in 2010. In addition to seasonal fresh food, about 60% of the domestic fresh sea cucumbers go into deep processing and are made into dry sea cucumbers. In the process of processing dry sea cucumbers, a small number of non-standard small and medium-sized enterprises repeatedly soaked and dried the sea cucumbers in sugar water, so that the weight of dried sea cucumbers accounted for 30% or more of the sugar in order to achieve cost savings. Such sea cucumbers For "sweet dried sea cucumbers."

We believe that this rectification will accelerate the “sweet dried sea cucumbers” fade out of the market, which will benefit the long-term healthy development of the sea cucumber industry. The superior sea cucumber companies will increase the ratio of deep processing and enhance the added value and profitability of the products.

According to our understanding, the market price of dry sea cucumbers in the fresh seafood industry is about 4,500 yuan per kilogram, while some dried sea cucumbers cost only 2,500-3,000 yuan per kilogram, and a large amount of low-cost sugar dried sea cucumbers flood the market, leading to the brand dry sea cucumber prices. More than 2-3 times higher than the sugar dried sea cucumber, part of the consumers may be unaware of some of the demand.

We expect that if this inspection can be implemented in place, it will be beneficial to the leading sea cucumber companies to increase the ratio of deep processing, and the increase in the added value of products will be beneficial to the growth of corporate profits. At the same time, the price advantage of dry sea cucumbers by brand enterprises is obvious, which is conducive to an increase in sales volume. Brand processing companies are affected by the cost, dry sea cucumber prices are mostly above 5,000 yuan / kg, the industry can be expected after the rectification of small enterprises will significantly increase the price of dry sea cucumber, brand enterprises and small enterprises, the gap between the sale price of dry sea cucumber, is conducive to Brand company sales rose. Good companies like Zhangzidao [34.98 0.40% shares], Oriental Ocean [14.96 0.81% shares], Haotoujia [12.60-0.71% shares], and Yanqiao Miaoye [65.09-0.06% shares] will benefit.