Author: Xiaoshidai Integration
Today's Takeaways
- The lucky coffee backed by Honey Snow Bingcheng has a new 7 yuan new product
- The three squirrels issued more than 20 million excess achievement bonuses
- Tsing Beer Youhuo Natural Mineral Water Baoji was put into production
- French fries giant McCann Foods officially settled in Minhang, Shanghai
- Itoen promotes the rejuvenation of the management team
Feihe has reached a strategic cooperation with the American baby and children's products brand Manqujian
The latest company news
Listen to the latest progress of the "3.15" turmoil in Huajiu
Because the efficacy of its Tinghua liquor has not been scientifically proven, today Qinghai Spring subsidiary Chengdu Tinghua Shengshi Trading Co., Ltd. received an administrative penalty notice from the Wuhou District Market Supervision Bureau of Chengdu City, the company violated the anti-unfair competition law and was fined 1.8 million yuan by the regulatory department. Qinghai Spring said that for the fact of this punishment, "the scientifically inconclusive views and unverified user evaluations in the efficacy of 'Tinghua' liquor are used for the product promotion of 'Tinghua' liquor as a misleading propaganda behavior", the company and its subsidiaries and all Tinghua liquor distributors will earnestly learn lessons, standardize the words and deeds of sales personnel, and prevent the recurrence of such propaganda behavior. The store opened by Tinghua Shengshi will resume business in the near future. (Beijing News)
Feihe has reached a strategic cooperation with the American baby and children's products brand Manqujian
Yesterday, China's Feihe Canada Royal Wonder and the American baby products giant Munchkin officially reached a strategic cooperation in Beijing, and Feihe will explore the global market together with Munchkin. Leng Youbin, chairman of Feihe, said that for China's dairy industry, the trend of internationalization is irreversible, and I believe that this cooperation is just the beginning. In April this year, Feihe Royal Canada obtained the first infant formula production license in Canada, and with the approval of the Canadian Food Inspection Agency (CFIA), it will start producing infant formula milk powder, and it is also the first infant formula manufacturer in Canada. (Company Release)
Nongfu Spring sued two netizens for violating the right to reputation
Today, according to the litigation platform of the Hangzhou Internet Court, Nongfu Spring Co., Ltd. v. Wang Moumou Network Infringement Liability Dispute (Reputation Right Dispute) case and Chi XX Online Infringement Liability Dispute (Reputation Right Dispute) case have added new court announcements, and the two cases will be heard in Hangzhou Internet Court on May 6 and June 13 respectively. (Interface)
Lin Feng, general manager of Yuexiu Real Estate, was accused of being transferred to Yuexiu Development
Yesterday, Yuexiu Real Estate announced that Lin Feng had resigned as vice chairman, executive director and general manager of the company due to internal work changes in Guangzhou Yuexiu Group. "Phoenix Weekly Real Estate" learned from a number of reliable sources that Lin Feng's next stop is Yuexiu Development, a subsidiary of Guangzhou Yuexiu Group, that is, the original Yuexiu Food. Lin Feng's new position is Secretary of the Party Committee and General Manager of Yuexiu Development. (Phoenix Weekly Real Estate)
The founder of Baisuishan has stepped down as the legal representative of many enterprises
According to the investigation, from December last year to yesterday, Zhou Jingliang, the founder of Baisuishan, no longer served as the legal representative of many enterprises, including Beijing Jingtian Food and Beverage Co., Ltd., Shenzhen Jingtian (Yichun) Food and Beverage Co., Ltd., Jiangxi Baisuishan Food and Beverage Co., Ltd., etc. A report by Beijing Business Daily in January this year quoted the relevant person in charge of Beijing Jingtian as saying that Beijing Jingtian is Jingtian's brand authorized factory. (Snack generation)
The three squirrels issued more than 20 million yuan in excess achievement bonuses
A few days ago, Zhang Liaoyuan, CEO of Three Squirrels, issued a letter to all employees, saying that the company has achieved good revenue and profit growth in 2024, creating the best results in the history of the Squirrel New Year Festival. Therefore, more than 20 million excess achievement bonuses will be distributed to all employees in various forms. In addition, he added, at the recent seminar on the goals of middle and senior executives for the next three years, the executives at the meeting agreed that the snack industry is about to usher in a structural innovation industry opportunity in the context of the era of great changes in supply and demand, and they believe in the innovative spirit of squirrel. (Snack generation)
Yanjin Shop wants to make the seven categories "one of the best"
Yesterday, Yanjin Shop said in a conference call with institutional investors that the company is currently focusing on 7 core categories, and strives to make the existing categories one of the best in the industry in the next few years, while actively exploring and creating new growth categories (8th, 9th, etc.). In addition, the company's various channels will jointly achieve revenue and profit growth around seven core products. The company will also focus on the head snack wholesale channel providers to strengthen channel penetration. (Company Announcement)
The eldest son of the Walmart founder will retire from the board of directors
Yesterday, Walmart announced that its longest-serving board member, Rob Walton, the eldest son of group founder Sam Walton, will retire on June 5. Since joining the Company in 1969, he has held various positions, including Senior Vice President, Corporate Secretary, General Counsel and Vice Chairman, and served as Chairman of the Company's Board of Directors from 1992 to June 2015, and subsequently remains Chairman of the Board. During his tenure as chairman, Walmart's sales grew from about $44 billion to $482 billion, making it the largest retailer in the United States. In addition, Walmart said it has nominated Brian Niccol, chairman and CEO of the restaurant chain Chipotle Mexican Grill, to replace Walton on the board. (Reuters)
Starbucks resumes contract negotiations with unionized organizations
A few days ago, Starbucks and its unionized organization representing baristas resumed contract negotiations to end the long-standing impasse. For the past two years, Starbucks has been in a standoff with the union groups involved. Previously, the company insisted on face-to-face negotiations and refused to allow any delegates to appear in online meetings. This time, about 150 union representatives will attend the negotiations in person, with a few hundred more participating remotely. （CNBC）
Itoen promotes the rejuvenation of the management team
Itoen announced yesterday that Hachiro Honjo, the 83-year-old chairman, will resign as representative director on May 1. The company will have two representative directors, namely President Daisuke Honjo and Vice President Shusuke Honjo. Hachiro Honjo will become Honorary Chairman of the Board of Directors. The company explained that this is to further promote sustainable growth, increase corporate value, and rejuvenate the management team. (Nikkei)
711 plans to open 100,000 stores by 2030
Recently, 711 Convenience Store's parent company, Qiheyi Holdings, announced its global business strategy for 2024. In the future, 711 will accelerate its entry into the markets of Europe, Latin America, the Middle East and Africa, and the Asian region will "check and fill the gaps". 711 plans to open 100,000 stores worldwide by 2030. The company is currently using 30 indicators, including risk metrics and growth metrics, to select markets to prioritize expansion. As of March 31, 711 had a total of 84,762 stores worldwide. (Retail circles, company releases)
Earnings Announcements
Kweichow Moutai's net profit increased by 15.73% in the first quarter
Today, Kweichow Moutai announced that in the first quarter, it achieved operating income of 45.776 billion yuan, a year-on-year increase of 18.11%, and a net profit of 24.065 billion yuan, a year-on-year increase of 15.73%. (Company Announcement)
Shuijingfang's net profit in the first quarter increased by 16.82%
Today, Shuijingfang announced that in 2023, it will achieve operating income of 4.953 billion yuan, a year-on-year increase of 6%, a net profit of 1.269 billion yuan, a year-on-year increase of 4.36%, and Shuijingfang also disclosed a quarterly report, with an operating income of 933 million yuan in the first quarter, a year-on-year increase of 9.38%, and a net profit of 186 million yuan, a year-on-year increase of 16.82%. (Company Announcement)
Fuling mustard net profit increased by 3.93% in the first quarter
Today, Fuling mustard announced that the revenue in the first quarter was about 749 million yuan, a year-on-year decrease of 1.53%, and the net profit attributable to shareholders of listed companies was about 272 million yuan, an increase of 3.93% year-on-year. (Company Announcement)
Haitian Flavor's net profit in the first quarter increased by 11.85%
Today, Haitian Flavor released its 2023 annual report, during which the operating income was about 24.559 billion yuan, down 4.1% year-on-year, and the net profit attributable to shareholders of listed companies was about 5.627 billion yuan, down 9.21% year-on-year. In 2023, Haitian Flavor's soy sauce, seasoning sauce, and oyster sauce will achieve operating income of about 12.637 billion yuan, 2.427 billion yuan, and 4.251 billion yuan respectively, with a year-on-year decline in revenue. In 2024, Haitian Flavor plans to target operating income of 27.51 billion yuan, and net profit attributable to the parent company of 6.23 billion yuan. On the same day, Haitian Flavor released its first-quarter results, during which the operating income was 7.694 billion yuan, a year-on-year increase of 10.21%, and the net profit was 1.919 billion yuan, a year-on-year increase of 11.85%. (Beijing News, company announcement)
Yonghui Supermarket's net profit in the first quarter was 736 million yuan
Today, Yonghui Supermarket announced that the operating income in the first quarter was 21.665 billion yuan, down 8.98% year-on-year, and the net profit attributable to the parent company was 736 million yuan, a year-on-year increase of 4.57%, and the company disclosed its 2023 annual report on the same day, achieving operating income of 78.642 billion yuan in 2023, down 12.71% year-on-year, and a net loss of 1.329 billion yuan, compared with a net loss of 2.763 billion yuan in the same period last year. In addition, Paihui Technology intends to purchase 65% of the equity of Yonghui Yunjin Technology Co., Ltd. held by the company in cash, with a total transfer price of 336 million yuan. (Company Announcement)
Wanchen Group's net profit in the first quarter decreased by 80%.
Today, Wanchen Group released the first quarter report, with an operating income of 4.83 billion yuan during the period, a year-on-year increase of 534.03%. The net profit attributable to shareholders of listed companies was 6.2382 million yuan, a year-on-year decrease of 88.15%. (Company Announcement)
Laiyifen's net profit in the first quarter fell by 13.90%
Today, Laiyifen announced that in the first quarter of 2024, the company achieved operating income of 1.061 billion yuan, a year-on-year decrease of 12.47%, and net profit attributable to shareholders of listed companies of 61.3118 million yuan, a year-on-year decrease of 13.90%. (Company Announcement)
BESTORE released its first annual report after the price reduction
Yesterday, BESTORE released its 2023 and 2024 first quarter reports. In 2023, the company's revenue will be about 8.046 billion yuan, a year-on-year decrease of 14.76%, the net profit attributable to shareholders of listed companies will be about 180 million yuan, a year-on-year decrease of 46.26%, and the revenue in the first quarter will be 2.451 billion yuan, and the net profit attributable to shareholders of listed companies will be 62.4828 million yuan, a year-on-year decrease of 57.98%. (Company Announcement)
Tomson's net profit in the first quarter fell by nearly three percent
Yesterday, Tomson Beijian released a quarterly report, during which the company's main revenue was 2.646 billion yuan, down 14.87% year-on-year, and the net profit attributable to the parent company was 727 million yuan, down 29.43% year-on-year. (Company Announcement)
Investment and financing
Tsing Beer Youhuo Natural Mineral Water Baoji was put into production
A few days ago, the commissioning ceremony of Tsingtao Beer Youhuo Natural Mineral Water was held in Tsingtao Beer Baoji Co., Ltd. It is said that Tsing Beer Youhuo is a strontium metasilicate mineral water, relying on the unique location advantage of the Baoji factory, the water source of Youhuo natural mineral water is 350 meters underground. The company built a new PET bottled water production line, with a production capacity of 36,000 bottles per hour. (Shangguan News)
French fries giant McCann Foods officially settled in Minhang, Shanghai
Yesterday, McCann Foods Shanghai Co., Ltd. settled in Hongqiao International Central Business District (Minhang), and its office is located in Hongqiao Import Commodities Exhibition and Trading Center. McCann Foods is a global, family-owned company. It is said that 1 in 4 fries in the global market is a McCann product. It has multiple factories on five continents around the world, and its products are distributed to more than 160 countries and regions. (Shangguan News)
The fast food brand "Master West" was accused of completing an angel round of financing
A few days ago, the fast food chain brand "Young Master West" completed an angel round of financing in the United States, with a valuation of $50 million. Mr. Xi regards the U.S. market as the largest single market overseas, and aims to open 3,000 stores. In the first five-year plan, Master Xi will open 300 directly-operated stores, with an estimated annual revenue of US$5 million for a single store, and an overall annual revenue of US$1.5 billion. (Interface)
Tiantu Pan Pan joins Chayan Yuese, which may IPO within the year
Pan Pan, the former managing partner of Tiantu Capital VC Fund, joined Chayan Yuese in early April as the company's head of strategy. He has invested in Baiguoyuan and Nai Xue's tea. At present, Tiantu Capital accounts for more than 14.54% of the shares of Chayan Yuese, and is also its largest external investment institutional shareholder. In addition, it is reported that Chayan Yuese has selected CICC and Morgan Stanley to be responsible for the Hong Kong IPO, and the Hong Kong IPO may be carried out as early as 2024, which is expected to raise hundreds of millions of dollars. (LatePost)
CEO of Cudi Coffee becomes the general manager of the robot company
A few days ago, Keyou Intelligent Technology (Anhui) Co., Ltd. was established with a registered capital of 10 million US dollars, and its business scope includes the research and development of Internet of Things technology, the manufacturing and sales of service consumer robots, the research and development of intelligent robots, the development of artificial intelligence application software, food sales, supply chain management services, etc. The company is wholly owned by X-Mile Global Limited, and Qian Zhiya, chairman and CEO of Cudi Coffee, serves as the legal representative, executive director and general manager. (DoNews, Snack Generation)
R&D and innovation
Lucky coffee on the new grape series of new products
Today, Lucky Coffee is once again launching a new grape series product. It is said that this time, Lucky Coffee continues to use IIAC (Italian International Coffee Tasting Association) gold medal beans, combined with red grape juice imported from Spain, and launches two products, grape ice coffee and grape lemon tea, both priced at 7 yuan. Up to now, Lucky Coffee has launched 5 new items in 2024 and launched 9 seasonal items. Lucky Coffee said that relying on the all-round end-to-end supply chain system covering procurement, production, logistics, R&D and quality control, Lucky Coffee continues to provide consumers with "high-quality and affordable freshly ground coffee products". As a freshly ground coffee brand under Mixue Bingcheng, since its inception in 2017, the price of Lucky Coffee's core products is usually 5-10 yuan. Among them, the popular product coconut coconut latte "rolls" freshly ground coffee into 7 pieces of 7 times. (Company Release)
Heytea and others have launched 6 new tea drinking cultural tourism routes
Today, Heytea launched a tea cultural tourism route for the first time in cross-border tourism, and jointly released 6 new tea drinking and tea cultural tourism routes with China Tea Circulation Association and Fliggy Travel, including Fujian Anxi Line, Zhejiang Anji Line, Yunnan Lancang Line, Guangxi Zhaoping Line, Anhui Qimen Line, and Hunan Anhua Line. (Company Release)
Tea Baidao × "Honkai: Star Dome Railway" co-branded new
Today, Chabaidao announced on its official Weibo that it is co-branded with the game "Honkai: Star Dome Railway". The cooperation between the two parties will be launched on the new floating dew · Olive Lemon Tea & Taibu Suck · Baiqiao milk pudding, and bring a variety of co-branded peripherals. (Company Release)
KFC will be on the new Wanglaoji flavor bubble American
Yesterday, KFC announced on its official Weibo that it will launch the new Wang Laoji flavor bubble American on April 29. In addition, KFC will also launch a new series of hand-cranked American products, including hand-cranked golden pineapple American and hand-cranked apricot skin American. The fresh price of the three drinks is 9.9 yuan. (Company Release)
Beihai Ranch entered the Hong Kong market
Recently, Beihai Ranch, an innovative dairy brand, officially entered the Hong Kong market and settled in the Wellcome supermarket chain. Among them, the classic products of the "Jewel Bowl Series" will be exclusively authorized to Wellcome, and low-temperature dairy products and room-temperature dairy products such as the small fruit puree series will be rolled out in major supermarkets one after another. (Company Release)
ESG
Half of the world's plastic pollution is blamed on 56 companies
The British "Guardian" reported yesterday that an international volunteer team has collected and investigated more than 1.87 million plastic waste in 84 countries and regions in the past five years, and half of the plastic waste from identifiable production companies comes from 56 FMCG companies, of which 1/4 comes from Philip Morris International, Danone, Nestle, PepsiCo and Coca-Cola. In response to the results, Coca-Cola said it was committed to growing its business "the right way" and pledged to recycle 100% of its product packaging by 2025. Nestlé said it had reduced its use of virgin plastic by 14.9% over the past five years. (Global Times)
Industries at a glance
Cocoa futures continue to reach new highs
Yesterday, the price of cocoa futures on the Intercontinental Exchange (ICE) in New York rose significantly, rising by more than 9%. According to market data, this price movement has pushed cocoa futures to a new high of $11,401 per tonne. (Finance Associated Press)
Internet+
Taobao and Jingdong have canceled pre-sales, and 618 has started in advance
In the face of the competitive pressure of Pinduoduo, Taobao and JD.com have made changes in organizational structure and personnel in the past six months, trying to return to the user-centric and rapid growth track. In mid-April, the power plant learned through merchants and platform insiders that both platforms would cancel pre-sales in this year's 618 e-commerce promotion. (Interface)
Meituan plans to launch KeeTa, a food delivery platform in Saudi Arabia
Meituan plans to launch KeeTa, an international food delivery platform in the Middle East, with Riyadh, the capital of Saudi Arabia, as the first stop, possibly as early as the next few months. (Bloomberg)
ByteDance: There are no plans to sell TikTok
Yesterday, in response to foreign media news about ByteDance's exploration of selling TikTok, ByteDance said that it did not have any plans to sell TikTok. (Science and Technology Innovation Board Daily)