Author: Xiaoshidai Integration
Today's Takeaways
- The founder of Zhong Xuegao said that "selling sweet potatoes also has to pay off debts"
- Burger King Chinese franchisees praise key performance indicators
- Beijing McDonald's Food Co., Ltd. earned 5.1 billion yuan last year
- Meiyijia has 35,000 stores nationwide
- Hema denied that Hou Yi and Daniel Zhang wanted to bid
The head of Nespresso's strategic business unit is the new boss of Nespresso
The latest company news
Costco officially announced the start of online delivery in the mainland market
Today, according to Costco's official WeChat, the official shopping platform of Costco has been opened, and the WeChat applet of "Costco Home Delivery" is online, and the online cities are Shanghai, Suzhou, Hangzhou, Ningbo, and Shenzhen, and the delivery range is about 8 kilometers near each store, with a minimum delivery amount of 299 yuan, and a delivery fee of 20 yuan per order. (Company Release)
Meiyijia has 35,000 stores nationwide
A few days ago, according to Meiyijia's official WeChat, as of April 18, the number of Meiyijia stores nationwide exceeded 35,000. Founded in 1997, Meiyijia is a commercial circulation enterprise under Dongguan Sugar and Liquor Group, with a net increase of 30,000 or 40,000 stores every year, covering more than 230 cities across the country. (Company Release)
Taier's average daily same-store sales decreased by 13.9% in the first quarter.
A few days ago, Jiumaojiu Group announced that in the first quarter, Taier's turnover rate was 3.9%, the per capita consumption of customers was 73 yuan, and the average daily sales of the same store decreased by 13.9% year-on-year, and the number of its restaurants totaled 736, of which Taier had 584. In addition, in response to reports that the company stopped operating its "Uncle Nawei is a Chef" brand in April, and its official website has deleted the brand information, Xiaoshidai learned that the brand has been transferred to a third-party individual to operate, and the lease of the store has also expired. (Finance Associated Press, Snack Generation)
The founder of Zhong Xuegao said that "selling sweet potatoes also has to pay off debts"
Yesterday, Deng Qingxu, CEO of Sina Finance, posted on Weibo that Lin Sheng, the founder of Zhongxuegao, came to Beijing by green train overnight after being restricted. Subsequently, Lin Sheng issued an article saying that although Zhong Xuegao is currently facing many difficulties, the company's determination to strive to change and take responsibility has not changed. He said that even if he sells sweet potatoes, he has to pay off his debts. (Interface News)
Luckin's claim that "not recruiting Shanghainese" is completely untrue
Yesterday, Luckin Coffee's official Weibo posted that the remarks that "Luckin does not recruit Shanghainese" that have been circulating on the Internet recently are completely untrue. Luckin Coffee firmly opposes any form of geographical discrimination. As of April this year, Luckin Coffee Shanghai Branch has hired 5,894 Shanghai employees and is continuing to recruit, according to Luckin Coffee. (Company Release)
Burger King's Chinese franchisee praises key performance indicators in China
Recently, Korhan Kurdoglu, CEO of TFI and Chairman of the Board of Directors of Burger King (China) Investment Co., Ltd., said during a visit to Shanghai that Burger King China has become the world's best Burger King operator in terms of operating KPIs, and that "revenue from the international market is an important barrier to protect us from foreign exchange rate fluctuations. "In recent years, China's younger generation has paid more attention to Chinese culture, traditions and local brands, and our survey found that 40.4% of consumers who visit fast food restaurants in China prefer a combination of Chinese and Western menus," he added. Therefore, Burger King China needs to provide more suitable products, menus and space design for young consumers. (Jiefang Daily),
Jia Guolong Chinabao upgraded version of Longbao closed store
Xibei's Jia Guolong Chinaburg, an upgraded version of Longbao, has closed its store. According to the takeaway platform, the Longbao store has closed. Xibei's customer service responded that the store contract expired and would not be renewed, and how to do it in the future has not yet been notified. Xibei insiders said that there is no definite statement about Dragon Castle. Previously, all the stores of Jia Guolong Chinaburg have been closed, and Longbao is an upgraded version of Jia Guolong's Chinafort, and the first store is located in Hohhot. (Sina Finance)
Beijing McDonald's Food Co., Ltd. earned 5.1 billion yuan last year
A few days ago, Sanyuan Co., Ltd. released its 2023 annual report, achieving an operating income of about 7.841 billion yuan, a year-on-year decrease of 1.38%, and a net profit of about 243 million yuan, a year-on-year increase of 502.39%. At present, Sanyuan shares own 50% of the shares of Beijing McDonald's Food Co., Ltd. According to the above financial report, the revenue and net profit of Beijing McDonald's Food Co., Ltd. in 2023 will be 5.118 billion yuan and 567 million yuan respectively, and 4.137 billion yuan and 286 million yuan in 2022, respectively. At present, Sanyuan and Golden Arches each own 50% of the shares of Beijing McDonald's Food Co., Ltd. (Company Announcement)
I really want to come to mass sell snacks, and last year's income exceeded 8.7 billion yuan
Today, Wanchen Group released its 2023 results. During the period, the operating income of the wholesale snack business was 8.759 billion yuan, a year-on-year increase of 13,057.81%. The company said that the business is currently in a stage of rapid expansion, and it will take some time to improve business efficiency, so the profitability has not been fully released during the reporting period, and after excluding the share-based payment expenses generated by the incentive of core employees, the wholesale snack business made an annual profit of 33.14 million yuan. In October last year, Wanchen Group merged its four major brands, "Lu Xiaoyu", "Hao Xiang Lai", "Lai Youpin" and "Hao Di Di", into "Hao Xiang Xiang Lai Brand Snacks". (Company Announcement)
McGuire lost 31.9612 million yuan in the first quarter
Today, McGuire released its 2023 results. During the period, the company's operating income was about 709 million yuan, a year-on-year decrease of 28.32%, and the net profit loss attributable to shareholders of the listed company was about 97.1 million yuan. In addition, the first-quarter report shows that the operating income of McGuire during the period was 154 million yuan, a year-on-year decrease of 12.27%, and the net profit loss attributable to shareholders of listed companies was 31.9612 million yuan. (Company Announcement)
Xianle Health's net profit more than doubled in the first quarter
Yesterday, Xianle Health disclosed its annual report that in 2023, the company will achieve operating income of 3.582 billion yuan, a year-on-year increase of 42.87%, and a net profit of 281 million yuan, a year-on-year increase of 32.39%. The company disclosed a quarterly report on the same day, in the first quarter of 2024, the company's revenue reached 952 million yuan, a year-on-year increase of 35.51%, and the net profit was 63.0297 million yuan, a year-on-year increase of 114.39%. (Company Announcement)
Nestlé Nespresso appoints new CEO
Nestlé has appointed Philipp Navratil as the new CEO of Nespresso, effective July 1. Previously, Guillaume Le Cunff, the current CEO of Nespresso, was appointed as the new CEO of Nestlé Europe. Philipp Navratil is Head of Strategic Business Unit at Nescafe and previously served as CEO of Nestlé's coffee business in Mexico, contributing to the growth of the Nescafe brand in Mexico. Founded in 1985 by Nestlé, Nespresso sells its products in 81 markets around the world and operates more than 800 offline stores in 76 markets, including coffee machines and capsules. （worldcoffeeportal）
私募被指欲出售功能瓶装水品牌Vitamin Well
Today, the Financial Times quoted "people familiar with the matter" as saying that after eight years of ownership, British private equity Bridgepoint has appointed advisers to explore various options, including the sale of Swedish beverage company Vitamin Well. The company is said to be valued at more than 2 billion euros, with revenues of around 500 million euros last year. Founded in 2006 and headquartered in Stockholm, Vitamin Well has three brands: Vitamin Well, a flavored drinking water, Nocco, an energy drink, and Barebells. (Financial Times)
Investment and financing
Tea Momochi will be available tomorrow
Tomorrow, the two new stocks will be listed in the Hong Kong market, and today's grey market performance is sluggish, and both of them fell below the issue price by more than 10%. Among them, Chabaidao, which raised nearly HK$2.5 billion, fell by about 15% from the listing price of HK$17.5 in the grey market, and the lowest was HK$14.92. Investors who were allotted Chabaidao shares suffered a book loss of HK$516 per board lot (200 shares). According to the Bloomberg Billionaires Index, based on the 73% stake held after the IPO, the combined net worth of the founders of Chabaidao, Wang Xiaokun and Liu Weihong, reached $2.7 billion. (Hong Kong Economic Times, Bloomberg)
Dongpeng Beverage plans to invest in the construction of Zhongshan production base
Dongpeng Beverage announced today that it intends to sign an "Investment Agreement" with Zhongshan South China Modern Chinese Medicine City Development Co., Ltd., and the investment project is "Dongpeng Beverage Group Zhongshan Production Base Project". To this end, the company plans to register and establish Zhongshan Dongpeng Vitamin Beverage Co., Ltd. in Cuiheng New District, Zhongshan City, with a registered capital of 100 million yuan. On the same day, Dongpeng Beverage announced that in the first quarter, the company achieved a total operating income of 3.482 billion yuan, a year-on-year increase of 39.80%, and a net profit attributable to the parent company of 664 million yuan, a year-on-year increase of 33.51% ;(company announcement)
Sanyuan Co., Ltd. established Beijing Sanyuan Yanshan Food Co., Ltd
Recently, Sanyuan shares invested in the establishment of a wholly-owned subsidiary Beijing Sanyuan Yanshan Food Co., Ltd. at No. 9, Nannong Road, Nankou Town, Changping District, Beijing, with a registered capital of 8 million yuan, the establishment of the new company mainly undertakes the existing business of the company's branch Beijing Sanyuan Food Co., Ltd. Dairy No. 4 Factory, including cheese production, "Yanshan" brand milk powder sales. Subsequently, the fourth dairy plant will be deregistered. (Company Announcement)
Arla Foods Ingredients intends to acquire the whey nutrition business
Today, Arla Foods Ingredients will buy the Whey Nutrition division of Volac Group, a UK-based company that specializes in transforming whey into sports nutrition ingredients, with by-products also used in food and animal nutrition. The transaction is expected to close later this year. (Company Release)
R&D and innovation
Unilever's functional hydrating powder brand officially landed in China
A few days ago, Unilever's functional hydrating powder brand Liquid I.V. officially launched in China. Founded in California in 2012, Liquid I.V. is a functional hydrating powder that is said to have quickly taken over the U.S. functional beverage scene, with formulas that help with rapid hydration by adjusting the ratio of sodium, glucose, and potassium. Zhang Xingrong, general manager of Unilever's health products division, said that China is the world's second largest health market, and the listing of Liquid I.V. in China represents the company's great importance to the Chinese market, and the Chinese market must win strategically. (Company Release)
COSTA COFFEE LAUNCHES A NEW LIGHT MILK LATTE COLLECTION
Today, according to COSTA COFFEE's official WeChat, its new light milk latte series is new, including 4 drinks: light milk latte, melon-flavored light milk latte, classic iced coffee, and melon-flavored light milk tea. (Company Release)
Luckin has launched a new full collection
Today, according to Luckin's official WeChat, Luckin has launched a new Mancui series, including 3 new products: Mancui Oatmeal Latte, Mancui Meteorite Latte and Mancui Latte. It is said that the new product uses the new café crema full extraction process. (Company Release)
McDonald's China has launched a new cowburger
Today, McDonald's China announced that it has invited Zhou Guanyu, China's first Formula 1 racing driver, to become the "McDonald's Chief Cattle Officer" and join the "Celebrity Choice" to jointly bring a new black truffle-flavored Angus Beef Burger, in addition, there will also be a "McDonald's 100% Angus Beef Station" pop-up store for consumers to check in. (Company Release)
PepsiCo Nutrition Innovation Center Releases Oatmeal Recipe
Today, the Chinese Nutrition Society-PepsiCo Nutrition Innovation Center and PepsiCo's oat nutrition brand Quaker officially released "Vitality Oats, Delicious Recipes". Created by nearly 80 professional nutritionists and star chefs, the 50 delicious oatmeal dishes cover breakfast, lunch, dinner and between, providing new ideas and methods for increasing the whole grain intake of Chinese residents. (Company Release)
Dr. Cheese released a new high-calcium food for children
Recently, Chen Yuhua, founder and CEO of Dr. Cheese, released a brand upgrade plan, and focused on high-calcium positioning, and launched a new series of "Little Doctor" children's high-calcium foods. It includes high-calcium cheese steamed buns, high-calcium cheese teethers, and high-calcium cheese children's nutritious noodles that can meet the needs of staple foods, high-calcium cheese charcoal grilled sticks, high-calcium cheese seaweed meat floss bibimbap, high-calcium cheese small soft cakes, etc. (Beijing News)
ESG
Pulse announced the establishment of an industrial chain climate action fund
Today, on the occasion of Earth Day, Pulse announced the establishment of the "Protect the Earth" industrial chain climate action fund, planning to invest more than 30 million yuan in the next two years to help accelerate the process of carbon reduction in the upstream and downstream of the industrial chain. Through financial support and technical guidance, Pulse will help upstream and downstream partners in the industrial chain accelerate low-carbon capacity building, promote the use of green energy, optimize product packaging and adopt green logistics, and continue to advocate green consumption and circular economy. So far, 4 major preform supplier factories have finally achieved carbon neutrality with the help of pulse. In addition, 12 upstream and downstream companies have joined the Science Based Targets initiative (SBTi) and have passed the 1.5°C pathway certification, 32 companies have established a corporate greenhouse gas inventory mechanism, and 64 companies have clearly set greenhouse gas emission targets. (Company Release)
Mengniu released the first TNFD report of the dairy industry
Today, Mengniu Group released the first TNFD report (Nature-related Financial Disclosure Framework) for the dairy industry, which discloses Mengniu's nature-related management practices in the production process and supply chain, which not only improves the transparency of corporate governance, but also reflects Mengniu's determination to deeply practice sustainable development and lead the green transformation of the dairy industry. (Company Release)
Industries at a glance
Study: The development of condiment categories is not as optimistic as last year
A few days ago, the offline retail monitoring network "Win Now" reviewed the condiment market in the first quarter of 2024 and found that from the year-on-year situation of sales and sales, the development of key categories under condiments is obviously not as optimistic as in Q1 of 2023. Compared with the negative growth trend of other categories, although MSG only has a year-on-year increase of less than 2% in the data comparison of the two dimensions, it is already very bright. Salt products, which have seen the most significant decline in market share, also have a year-on-year decline in sales and pieces sold, with a decline of more than -20% already sounding the alarm bell. (Win Now)
Foreign media said that young Chinese people choose coffee over tea
Today, NBC reported that drinking coffee has become a hobby for more and more Chinese. Some young middle-class Chinese consumers have found that coffee is better suited to cope with stress in the highly competitive job market and workplace. The USDA reports that China is estimated to be the world's seventh-largest consumer of coffee in 2023-2024. In 2023, there will be nearly 50,000 coffee shops in China, compared to about 40,000 in the United States. （NBC）
Hangzhou launched a "thunder" operation to crack down on counterfeit West Lake Longjing
Recently, the Market Supervision Bureau of Gongshu District, Hangzhou City, Zhejiang Province, together with the public security organs, launched a special action to "crack down on counterfeiting 'West Lake Longjing'". Up to now, the law enforcement officers of the "Thunder" operation have inspected more than 110 relevant sales entities. A batch of unauthorized packaging marks such as "West Lake Longjing", "Shifeng Longjing" and "Meijiawu Longjing" were seized at the scene, and three tea business units were suspected of counterfeiting registered trademarks due to their large business value. The Gongshu District Market Supervision Bureau has now transferred the relevant case to the public security organ for handling. (China Consumer Daily)
Internet+
Hema officials denied that Hou Yi and Daniel Zhang bid for 2 billion yuan for Hema
Yesterday, it was reported on the Internet that Hema founder Hou Yi (nickname: Lao Cai) and former Alibaba CEO Daniel Zhang intend to jointly bid for Hema and bid $2 billion. In this regard, the official response of Hema said: The news is untrue. (Observer.com)
Taobao 88VIP launched an unlimited return package shipping service
Today, Taobao 88VIP officially launched an unlimited return package shipping service. The biggest change from the previous one is that on the basis of the original membership card rights and interests, 6 5 yuan return coupons per month will be upgraded to a maximum subsidy of 25 yuan per order, unlimited times, and can be used in conjunction with freight insurance. Up to now, this benefit has achieved full coverage of 88VIP, and it will take effect automatically without manual claim. (Company Release)
辛选旗下主播被传将无限期停播
Screenshots leaked today, and the content shows that due to force majeure, the anchors of Xinxuan Group will be suspended indefinitely from now on, and the specific rebroadcast date has not been determined. Xinxuan said that some of the anchors' small stores have not yet closed, users with shopping needs can still place orders, the customer service of the small store and the customer service team of Xinxuan will continue to serve the majority of Xinxuan users, please contact the customer service of the small store or Xinxuan assistant for after-sales problems of the goods. In this regard, Xinxuan Group has not officially responded. (Sina Technology)