Declining profits, despite strong Q3 sales
Global revenue increased, expansion plans ahead
Flexible production, automation, differentiation strategy

슬롯 사이트 BNH Co., a prominent OEM company, reported a notable downturn in business performance amidst the global expansion pursuits of South Korean companies encountering saturation in the health functional food market. As per the Financial Supervisory Service's electronic disclosure on November 15th, the company faced an 8.2% year-on-year drop in third-quarter sales, reaching .8 million. Operating profits plunged by 35.4% to .3 million, while net profits declined by 17.6% to .9 million.

슬롯 사이트 BNH’s business performance over the last 5 years (unit:  million)
슬롯 사이트 BNH’s business performance over the last 5 years (unit: million) /interpreted by Reporter Sodam Park
슬롯 사이트
슬롯 사이트 BNH’s business performance over the last 5 years (unit: million) / interpreted by Reporter Sodam Park

The market's saturation, intensified competition, and the 'Big-Blur' phenomenon merging adjacent market sectors contributed to the ongoing poor performance. Hit News' analysis over the last 5 years indicated a consistent decline in sales, operating profits, and net profits since 2020.

The decline was primarily attributed to sluggish sales in both South Korea and overseas markets within the health functional food sector, coupled with reduced order activities. Notably, aggressive expansion efforts in the Chinese market led to increased depreciation expenses due to recruitment and facility investments.

Fixed expenses, including labor, equipment maintenance, commissions, and R&D, remained steady, contributing to a downward profit trend. Operating profit for this quarter plummeted by 35.4% to .3 million, and net profit decreased by 17.6% to .9 million.

Despite these challenges, the company showcased a positive trend in global revenue, particularly in health functional food exports, reaching million, an 8.5% increase from the previous year. Notably, sales recovery in Southeast Asian countries like Malaysia and Indonesia contributed to this export surge.

Looking ahead, 슬롯 사이트 BNH plans to persist with its aggressive expansion strategy, particularly targeting the Chinese market under 'Jiang Ke Ma Mei Bao Technology'.Efforts include further investment in facilities and staffing. Anticipated boosts in sales in the fourth quarter from local multi-level company sales and the introduction of new products like vitamins are expected to drive revenue growth.

The company has recognized market shifts and aims to adapt accordingly by enhancing its production capabilities and specialized manufacturing facilities. They plan to optimize productivity through automated production lines and industry-specific site allocation. Additionally, 슬롯 사이트 BNH seeks to solidify its industry differentiation strategy, labeled the 'Total Solution Provider Strategy,' exploring avenues like mergers and acquisitions to secure new growth drivers.

저작권자 © 슬롯 사이트 무단전재 및 재배포 금지