Haitian soy sauce, oyster sauce and other products will be increased by 3%-7% from October 25

Beijing News (reporter Liu Huan) on October 12, Haitian Flavor Industry issued an announcement that it will adjust the ex-factory price of some products such as soy sauce, oyster sauce, sauce, etc., and the adjustment range of the main products is 3%-7%, and the new price implementation will be implemented on October 25, 2021.

For the reasons for the price increase, Haitian Flavor Industry is attributed to the continuous rise in the costs of major raw materials, transportation, energy and so on. Haitian Flavor also mentioned that the price adjustment of some products may have a certain impact on market sales, so the impact of the price adjustment on the company's future performance is uncertain.

For the price increase plan, Haitian seems to have a plan. At the beginning of September this year, some media reported that in order to cope with the profit reduction brought about by the rise in raw materials, Haitian Flavor Industry may raise the price of products, and the specific price increase is expected to be 5%. On September 26, Haitian Flavor Industry issued an announcement that it was currently evaluating whether to adjust the price of the product, but the price adjustment plan had not yet been finalized.

It is worth noting that Haitian Flavor Industry responded to no price increase plan in December last year. At the end of August this year, Haitian Flavor Also stressed that there is no price increase plan in the short term at the performance briefing and the investor interaction platform.

Beijing News reporter Liu Huan

Edited by Li Yan Proofread by Liu Baoqing