Notes

Jin Dawei's net profit increased by 140% last year, and NMN, the "elixir of immortality", once again set off a "storm"
PQQ (Pyrroloquinoline quinone),

The financial Associated Press (Xiamen, reporter Li Jijian) reported that the price of konjaim Q10 products increased, the profit contribution of nutrition and health food increased steadily, and the net profit of Chen Dawei (002626) increased. SZ) will grow by 140% in 2020. However, a piece of paper "letter on investigating illegal operation of" ageless drugs "caused another storm. Jin Dawei fell 8.78% today. People close to the company told reporters in the United Company that Jin Dawei has not received the relevant notice, and the company's NMN products are also working normally.
The media confirmed that "nicotinamide mononucleotide (NMN) cannot be used for food production and operation in China." Chen Dawei said that NMN products are sold through cross-border e-commerce, all cross-border import procedures are legally followed, and all operations and publicity comply with relevant policies and regulations.
In July, Jin Dawei said that the first NMN product was listed in tmall flagship store of dialogue exchange. Jin Dawei reported in the third quarter of 2020 that a total of 24238 bottles of NMN products were sold during the reporting period, with a sales revenue of 30.72 million won. Compared with the sales of 1.687 billion won of nutrition and health food version in 2019, the proportion of NMN products is low.
After the closing on January 20, Jin Dawei disclosed the performance forecast for 2020. Last year, the company realized a net profit of 901 million - 1082 million won, a year-on-year increase of 100% - 140%. While summarizing the reasons for the year-on-year increase in net profit, Jin Dawei said that the price of konjaim Q10 products increased, the unit price decreased, and the sales volume and profit contribution of nutrition and health food increased.
It is worth noting that Jin Dawei expects that the decrease of goodwill in the reporting period will be lower than that in the previous year. It is reported that from 2018 to 2019, the goodwill damage of bitavist, a wholly-owned subsidiary, was 163 million won and 274 million won respectively. As of June 30, 2020, Chen Dawei's goodwill was 536 million won, accounting for 12% of the company's total assets.
In the performance forecast, Jin Dawei said that even if all the remaining goodwill and intangible asset damage reserves of vitabest are included, the amount of damage will be significantly reduced compared with the same period of the previous year.
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