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Taoli Bread's revenue in the first quarter was 1.4 billion yuan, a year-on-year decrease of 5.15%
Taoli Bread released the first quarter report of 2024, which showed that in the first quarter, the company achieved operating income of 1.400 billion yuan, a year-on-year decrease of 5.15%, and net profit attributable to shareholders of listed companies was 115 million yuan, a year-on-year decrease of 16.95%.
According to the financial report, as of the end of the first quarter, the monetary funds of Taoli bread were 371 million yuan, an increase of 113.12% year-on-year, mainly due to the redemption of large-amount certificates of deposit and bank wealth management in the current period; financial expenses were 8.6298 million yuan, an increase of 63.74% year-on-year, mainly due to the increase in interest expenses in the current period; and investment income was 3.2807 million yuan, a year-on-year decrease of 66.19%, mainly due to the investment income generated by the commodity futures contract in the previous period.
Danone's revenue in the first quarter was 6.789 billion euros, a year-on-year increase of 4.1%
Danone announced its financial results for the first quarter of 2024, with consolidated sales of €6.8 billion, up 4.1% year-on-year, of which volume/mix growth contributed 1.2% and price growth contributed 2.9%.
From January to March this year, sales in the CNAO region increased by 8.9% year-on-year to about 840 million euros (equivalent to about 6.5 billion yuan), of which volume/portfolio growth contributed 6.9% and price growth contributed 2.0%.
This means that in a low inflation and fierce competitive environment, Danone has continued its model of relying on selling more products rather than relying mainly on price increases to drive performance growth in China. In addition, the growth rate of 8.9% is also the highest of any Danone region in the world.
Danone's Chief Executive Officer, Richard Sheng, said, "While the environment remains challenging, we are well on our way through the transition. We have strengthened our category foundation and actively driven the development of our strong categories and regional markets, while we have successfully rotated our portfolio through the successful sale of our US dairy businesses, Horizon Organic and Wallaby, and our French biscuit business, Michel & Augustin."
Danone expects full-year 2024 sales revenue to increase by 3% to 5% year-on-year, with a modest improvement in recurring operating margin.
Abbott Milk Powder increased its market share in the U.S. in the first quarter
Abbott reports first-quarter results. During the period, global sales in the nutrition business increased by 5.1% year-on-year and organically by 7.7%. Global sales in Pediatric Nutrition increased by 9.2 percent in reported volumes, with sales in the U.S. up 12.0 percent, primarily due to market share growth in the infant formula business, and sales in international markets up 6.4 percent, driven by strong growth in Canada and some countries in Asia Pacific and Latin America. Adult Nutrition grew global sales by 1.5 percent year-on-year and 5.3 percent organically, primarily due to growth under the Ensure brand.
Sunshine Dairy reported revenue of 109 million yuan in the first quarter, a year-on-year decrease of 6.36%
Sunshine Dairy released its first quarter report for 2024. According to the report, the company's operating income was 109 million yuan, down 6.36% year-on-year, the net profit attributable to shareholders of listed companies was 21.5049 million yuan, down 1.96% year-on-year, the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 22.294 million yuan, up 0.96% year-on-year, the debt ratio was 4.31%, the financial expenses were -4.3944 million yuan, and the gross profit margin was 34.72%.
According to the announcement, the operating cost of Sunshine Dairy in the first quarter of 2024 was 71.0781 million yuan, a year-on-year decrease of 9.87%, and the cost of expenses was 16.1574 million yuan, a year-on-year increase of 6.19%.
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