Author: Xiaoshidai Integration
Today's Takeaways
- Ding Xiongjun: Moutai's performance this year has great potential
- Meiji blamed the difficulties on the Australasia Ranch it operated
- Tencel launched a new portable bottled Red Bull product in China
- Itoen will raise prices for 207 products from October
- College students urged Starbucks to revise the terms and conditions
Red Bull expects its performance to continue its upward trend this year
The latest company news
Dongpeng Beverage's operating income last year was nearly 11.3 billion yuan
Today, Dongpeng Beverage released its 2023 results. During the period, the company's operating income was 11.263 billion yuan, a year-on-year increase of 32.42%, the net profit attributable to shareholders of the listed company was 2.040 billion yuan, a year-on-year increase of 41.60%, mainly due to the rapid development of sales scale and efficiency, the net cash flow generated by operating activities was 3.281 billion yuan, a year-on-year increase of 61.95%, mainly due to the significant increase in cash received from the sale of goods, and the sales expenses increased by 34.94% over the same period last year, mainly due to the increase of salary expenses of 26.21% and the increase in publicity and promotion expenses by 35.69%, which was due to the increase in freezer investment during the period. When it comes to 2024, Dongpeng Beverage said that it plans to achieve an increase in operating income and net profit of no less than 20%, and will intensively launch a variety of flavor options such as Pu'er tea and jasmine tea, and the online e-commerce channel will fully implement the multi-category development strategy, and the online products will mainly promote e-commerce customized models. (Company Announcement)
Dongpeng Beverage plans to cancel two wholly-owned subsidiaries
Today, Dongpeng Beverage announced that based on the overall development plan, in order to further integrate and optimize the resource allocation and management structure, and improve the operational efficiency and operation quality of the company's assets, after careful research, the company decided to cancel Dongpeng Beverage Marketing (Shanwei) Co., Ltd. and Shanwei Dongpeng Food and Beverage Co., Ltd., and authorized the company's management to handle relevant liquidation and cancellation matters in accordance with the law. (Company Announcement)
Meiji announced that the impairment of China's dairy assets exceeded 600 million yuan
A few days ago, Japan's Meiji Holdings (Meiji Holdings) lowered its profit forecast. "As a non-recurring gain or loss, we expect an impairment loss on non-current assets related to the milk and yogurt business operated by our Chinese subsidiary to be approximately 14.3 billion yen (equivalent to approximately 675 million yuan)." Meiji explained that the sales environment of the related milk and yogurt businesses has changed significantly, and the market price competition has intensified, resulting in a decline in profitability. Specifically for the food business, Meiji blamed the difficulties on its Australasia Farm business, which operates in China, saying that "the profitability of the business has declined due to soaring feed prices and falling raw milk prices." （MSN）
Ding Xiongjun: Moutai's performance this year has great potential
Yesterday, during the 4th Consumer Expo, Ding Xiongjun, chairman of Kweichow Moutai, said in an interview with a reporter from China Business News that Moutai's performance this year has great potential. Again, he stressed: "It is a must. "Since Moutai cooperated with coffee brand Luckin to launch a sauce-flavored latte, it is speculated that Moutai is promoting the rejuvenation of consumer groups. When asked by a reporter whether Moutai is making changes in this regard, Ding Xiongjun told reporters: "All age groups are our consumers. He added, "There are now some products aimed at young people. (China Business News)
Tencel launched a new portable bottled Red Bull product in China
Today, Tencel Group said that for the first time, the company brought the first bottled Red Bull new product in China, Red Bull Energy Drink, to the Consumer Expo, providing more energy support for consumers with portable packaging, diversified energy and diverse vitality. Based on the accurate grasp of the needs of Chinese consumers, Tencel Group launched the first bottled Red Bull product in the Chinese market, opening up more imagination space in consumption scenarios and creating new business growth points. (Company Release)
Aptamil unveiled two new products at the French Pavilion at the Expo
Today, at the French Pavilion of the Consumer Expo, Aptamil launched two new products, Aptamil Zhuo Zhen 3 and Aptamil Yoyi 3. Qin Peng, Chairman of Danone China, said that the good Sino-French relationship not only helps Danone accelerate the introduction of global advanced health food into China, but also strengthens Danone's determination to further cultivate China and develop China into a leading global market for Danone. (Company Release)
Mars China Joins Global Sustainable Consumption Initiative
Today, the 4th Sustainable Consumption Theme Event was held at the Expo. During the event, Mars joined the Global Sustainable Consumption Initiative. Ke Wang, Vice President of Commercial & Sustainability, Mars Wrigley China, delivered an initiative on behalf of Mars China: adhering to the vision of "The Future Starts Now", committing to achieve net-zero greenhouse gas (GHG) emissions across the entire value chain by 2050 to create a better world for people and pets. (Company Release)
Changsha BBK supermarket part of the fat Donglai goods are no longer on sale
A few days ago, the official of BBK supermarket announced that the store is currently in the stage of adjustment and rectification, and the goods and all aspects are being continuously improved and optimized. Around April 25th, the commodities will be basically replenished in place, and the commodity structure will reach 90% of Fat Donglai. Due to the lack of adjustment of the product structure, the sales of DL craft beer, DL Freedom Love Liquor, and DL juice were suspended, and they arrived around April 25 and resumed in-store sales. Previously, Fat Donglai "exploded" backgammon, outputting a variety of Internet celebrities' own products, and some members of the help team said that it was originally expected to be two days' volume, but the on-site sales exceeded expectations. (Xiaoxiang Morning News)
College students urged Starbucks to revise the terms and conditions
Last year, four Peking University students formed the "Really Ruthless Star Team" and filed a lawsuit against Starbucks (Shanghai) Commercial Co., Ltd., which eventually prompted Starbucks to revise the relevant standard terms. In response to the team members' complaints, Starbucks actively rectified the situation and updated the Starbucks Gift Card Terms and Conditions on July 15 last year, adding bold and black to the dispute resolution clause, and attaching the Starbucks Gift Card Terms and Conditions to the purchase consent along with the Platform Notice. In the end, under the mediation of the court, the two parties settled, and the team members chose to withdraw the lawsuit. On November 6, the team members were pleased to find that when recharging the Starbucks prepaid card, the amount is no longer set to a multiple of 100, but can be customized and accurate to one decimal place, and the return card rules have also deleted the minimum refund fee of 20 yuan, and the refund fee has also been reduced from 2% to 1.5% of the original card balance. (Topview)
Keming Food: It is necessary to make soft elastic noodles into a little star product
A few days ago, Keming Food said in the reception agency research that the company's existing soft elastic surface production capacity is 23,000 tons, and the company's soft elastic surface sales volume in January 2024 is 480 tons, and the existing production capacity is expected to achieve full production in 2025. The company predicts that the price sensitivity of the staple food industry will decrease, and at the same time, many market segments will be formed. (Company E)
Red Bull delivered its best report card last year
According to Red Bull, in 2023, Red Bull sold a total of 12.138 billion cans worldwide, a year-on-year increase of 4.8%, and the group's turnover increased from 9.684 billion euros to 10.554 billion euros (equivalent to about 81.2 billion yuan), a year-on-year increase of 9%. This is also the best result in the company's history. Red Bull attributes this to its strong sales in almost all markets around the world, as well as extremely efficient cost management and strengthened brand investments. In terms of further expansion, Red Bull is focusing on its core markets in Western Europe and the United States, as well as growth markets in developing countries, and expects its performance to continue its upward trend this year. (Snack generation)
Unilever is accused of facing new risks in India
Discerning Indian consumers are ditching big brands, a new risk for Unilever in the country. In India, Unilever is facing competition from niche brands. According to the head of a consulting firm, "the power of big brands is waning day by day, because challenger brands are emerging at every price point." They offer retailers better margins, and local shopkeepers are happy to try them. "On the other hand, Unilever has also had to cut prices for its cheapest brands due to reduced consumer spending in India's poorer rural areas. (Bloomberg)
Itoen will raise prices for 207 products from October
Itoen recently announced that it will raise prices from October 1, and a total of 207 products in the Japanese market will be affected, with prices rising by 2.2% to 36.4%. The recommended retail price (excluding tax) of the flagship product "お〜いお Tea Green Tea 600ml" will be adjusted from the current 160 yen to 180 yen. This is the first price increase for the product since October 2022. The company said that the main reason is that energy costs, logistics costs, etc. continue to rise, and packaging and raw material prices continue to soar. (Nikkei)
Industries at a glance
Of the 50 A-share food and beverage companies that have disclosed their annual reports, 48 are profitable
Yesterday, according to the statistics of the Securities Times, in terms of net profit performance attributable to the parent company, 48 of the 50 food and beverage companies that have disclosed their annual reports have achieved profitability, and Kweichow Moutai topped the list with 74.734 billion yuan of net profit attributable to the parent company. From the perspective of net profit growth, among them, the net profit attributable to the parent company of 6 companies, including Jinfeng Liquor, Zhongju High-tech, Gui Faxiang, Huangshanghuang, VV Co., Ltd., and Huifa Food, increased by more than 100% year-on-year, and the net profit attributable to the parent company of Jinfeng Liquor in 2023 increased by 1927%, and the annual net profit attributable to the parent company of Zhongju High-tech increased by 387%. (Securities Times)
Guangdong launched a pilot project of digital labeling of prepackaged food
Pick up a bottle of edible oil, scan the QR code label on the bottle, and the "electronic ID" of the edible oil will be displayed on the mobile phone, including the outer packaging picture, related videos, as well as basic information such as product name, brand, net content, ingredients, and nutrition facts list. On April 13, the supermarket promotion activity of Guangdong Province pre-packaged food digital label pilot work was held in Guangzhou. It is understood that at present, more than 130 products from more than 60 companies across the country have joined the digital label pilot, covering major food categories such as dairy products, beverages, packaged drinking water, convenience food, meat products, vegetable oil, candy, etc., and some products have entered the market. (Nanfang Daily)
Food prices in Sweden fell for the first time in three years
Sweden's official statistics agency reported on the 12th that the cost of food in Sweden fell year-on-year for the first time since the summer of 2021. Inflation data for March released by Statistics Sweden reported that grocery prices fell by 1% compared to a year earlier and by 0.8% compared to February this year. (People's Daily Online)