Author: Xiaoshidai Integration
Today's Takeaways
- Langjiu Whiskey Winery will land on Mount Emei
- Wuliangye's revenue last year was 83.272 billion yuan
- Tiandi One plans to expand the production capacity of coconut water beverages
- Baiguoyuan tried to lay out the big store model
- Decaffeinated coffee is making its mark
Oreo ice cream produced by Nestlé is launched in China
The latest company news
Founder of Xiabu Xiabu: The catering industry is seriously "involuted".
Recently, Xiabu Group announced its 2023 financial report, achieving operating income of 5.918 billion yuan, a year-on-year increase of 25.3%, and the loss attributable to shareholders of the parent company was 199 million yuan, a year-on-year decrease of 43.5%. He Guangqi, the founder of the group, said in the 2023 annual report, "The current increasingly fierce competition in the catering market and weak consumption have impacted the positioning of mid-to-high-end brands, resulting in a loss in its business." It is precisely under such an external environment that the entire catering industry will be seriously 'involuted' in 2023. (Company Announcement)
Baiguoyuan tried to lay out the big store model for the first time
Recently, Baiguoyuan has entered Yueyang City, Hunan Province, and has laid out 2 fruit "experience stores". Different from the previous entry into the new area, Baiguoyuan has changed the small store model around the community and business district, and the store opened this time is more than 100 square meters, which is the first attempt to lay out the large store model. The store is equipped with a fruit cutting juice bar, providing on-site fruit cutting and juicing services, and is also equipped with special facilities and experience areas, such as children's play and leisure areas, signature durian check-in points, etc. (Company Release)
The Supreme People's Court ruled that the trademark "Ronghua Mooncake" of Hong Kong Ronghua was legal and reasonable
Recently, Dongguan Ronghua Cake Co., Ltd. held a press conference on Ronghua moon cakes in Shenzhen. According to reports, the Supreme People's Court determined that the "Ronghua moon cake" of Hong Kong Ronghua Company is a well-known commodity, and its unique name, packaging, and decoration are not allowed to be used by others without authorization. Ronghua Company's use of "Ronghua moon cakes" in mainland China is legal and reasonable. (South+)
Wuliangye's net profit in the first quarter increased by 11.98%
Today, Wuliangye released its first-quarter performance announcement, with revenue of about 34.833 billion yuan, an increase of 11.86% year-on-year, and net profit attributable to shareholders of listed companies of about 14.045 billion yuan, an increase of 11.98% year-on-year. According to the 2023 results announced on the same day, the revenue during the period was 83.272 billion yuan, a year-on-year increase of 12.58%, and the net profit was 30.211 billion yuan, a year-on-year increase of 13.19%. (Company Announcement)
Alcoholic liquor's net profit in the first quarter fell by 75.56%
Today, Jiujiu Liquor released the first quarter performance announcement, with revenue of 494 million yuan, down 48.80% year-on-year, and net profit attributable to shareholders of listed companies of 73.3803 million yuan, down 75.56% year-on-year. On the same day, Jiujiu Liquor released its 2023 results announcement, with revenue of about 2.83 billion yuan, a year-on-year decrease of 30.14%, and net profit attributable to shareholders of listed companies of about 548 million yuan, a year-on-year decrease of 47.77%. (Company Announcement)
Yantang Dairy's net profit in the first quarter fell by 40%.
Today, Yantang Dairy released a first-quarter performance announcement, with revenue of 379 million yuan, down 11.55% year-on-year, and net profit of 16.1589 million yuan, down 42.91% year-on-year. (Company Announcement)
Pinwo Food had a net loss of 4.4936 million yuan in the first quarter
Today, Pinwo Food released its first-quarter results, with revenue of 208 million yuan during the period, a year-on-year decrease of 23.84%, and a net loss of 4.4936 million yuan, a year-on-year decrease of 79.32%. (Company Announcement)
KFC and other suppliers of Qianwei Central Kitchen's profit increased by three percent
Yesterday, Qianwei Central Kitchen, the "first share of the catering supply chain", released its 2023 annual report. According to the report, the company's revenue in 2023 will be 1.901 billion yuan, a year-on-year increase of 27.69%, and its net profit will be 134 million yuan, a year-on-year increase of 31.43%. Most of the prefabricated semi-finished products mainly engaged in Qianwei Central Kitchen belong to quick-frozen food, that is, quick-frozen food contributes 99.41% of the company's revenue. The company said that in 2024, it will increase the research and development, production and sales of prefabricated dishes. (Company Announcement)
Yasui Food's net profit increased by more than three percent last year
Recently, Anjing Foods released its 2023 financial report. According to the report, the company's revenue in 2023 will be 14.045 billion yuan, a year-on-year increase of 15.29%, and its net profit will be 1.478 billion yuan, a year-on-year increase of 34.24%. (Company Announcement)
Perrier customer service said Chinese products were not affected
Recently, the French Directorate General for Health said that 2 million bottles of sparkling water from the sparkling mineral water brand Perrier have been destroyed because they are suspected of being contaminated with harmful bacteria. The sparkling water was produced between March 10 and 14. In response to a query from Snacks, Perrier customer service said that in mid-March, there was a continuous unusually heavy rainfall in the Gard department in France. During this period, the company temporarily deactivated a well in Vergèze for the production of Perrier natural mineral water, based on the enhanced testing measures already in place under the supervision of the French authorities. The remaining wells of Perrier natural mineral water were unaffected and remained in normal production. "China is not involved at all in the March batch mentioned, and there is no one in transit. (Xinhua News Agency, Xiaoshidai)
Danone is said to be driving major change
According to French media reports a few days ago, Danone's transformation is not over yet. Following a comprehensive overhaul of management and restructuring of business activities by geography rather than by category, another project is about to be launched. Danone is said to be working on the establishment of four "centers of expertise" in Europe, which will be operational in 2026. Two of them will be responsible for planning and supply chain (Poland and France, the latter specializing in drinking water) and the other two will be responsible for business solutions in the areas of accounting, human resources and data (Poland, Spain). Danone hopes to increase efficiency and expertise by pooling employees in these areas, and to better integrate technologies such as artificial intelligence and machine learning. （linforme）
Mars, the "pre-made-food" company it acquired last year, announced a change of leadership
Kevin's Natural Foods, a nutraceutical company acquired by Mars last year at a valuation of $800 million, announced the appointment of Roxanne Bernstein as chief executive officer, effective July 1. A graduate of West Point, Bernstein is a former Army Captain and has 20 years of experience in the food and beverage industry, having held leadership positions at companies such as Kraft and Kellogg's. At the same time, the company's founders, Kevin McCray, Dan Costa and Kelsie Costa, decided to stay in office until the end of June and leave the company. Kevin's Natural Foods is said to have achieved record sales in 2023, up 50%, and continued its growth momentum in the first quarter. (Company Release)
%Arabica will open a new global headquarters in Dubai
Recently, Japanese specialty coffee group %Arabica announced that it will open a new global headquarters in Dubai, United Arab Emirates this year. Headquartered in Kyoto, Japan, the group operates 189 stores in 24 markets, including 134 stores in Asia and 82 in Chinese mainland. Over the past year, the group has focused on expansion in the Middle East and North Africa and currently has 45 stores in Bahrain, Jordan, Morocco, Qatar and more. （worldcoffeeportal）
UCC Ueshima Coffee has increased the price of household coffee since July
Yesterday, UCC Ueshima Coffee announced that the price of 54 household ordinary coffee products shipped from July 1 this year will increase in the Japanese market, and from September 2, the price of 9 large plastic bottled beverages, including coffee and tea, will also increase. It is said that the reason for the price increase is that the company is struggling to continue to absorb cost pressures due to soaring international coffee bean prices and the depreciation of the yen, and rising procurement costs. (Nikkei)
Investment and financing
President Suntory: Or build a new whisky distillery in China
A few days ago, Suntory President Nobuhiro Torii said that if a new whisky distillery is to be built, the location may not be in Japan, but in Scotland, the birthplace of whisky, India, where demand is growing, or China. At present, many overseas technologies have been introduced into the production process of Japanese whisky. Because of the large investment required, it may be necessary to wait until cash flow improves and debt is reduced before considering building a plant. (Nikkei)
Langjiu Whiskey Winery will land on Mount Emei
Recently, the groundbreaking ceremony of the Langjiu Emeishan Gaoqiao Whisky Liquor Industry Industry and Tourism Integration Project was held. The Takahashi Whisky Project is a collection of primary, secondary and tertiary industries, including a malt whisky distillery, an oak barrel processing plant, a bottling plant, whisky research and development, tasting, etc. The total annual production capacity of the project is planned to be 10,000 tons of raw liquor, which will be realized in three phases, with an estimated total investment of more than 3 billion yuan, and will be completed and put into use around 2030 according to the current plan of Langjiu. (Global Times)
Tiandi One plans to expand the production capacity of coconut water beverages
A few days ago, the Jiangmen Municipal Bureau of Ecology and Environment of Guangdong Province issued an announcement on the acceptance of the environmental impact assessment document of the expansion project of the Jiangmen No. 2 Branch of Tiandi No. 1 Beverage Co., Ltd. with an annual output of 14,000 tons of coconut water beverages. According to the document, the project is located in Pengjiang District, Jiangmen City, with a total investment of 5 million yuan and a planned annual output of 14,000 tons of coconut water beverages. (Snack generation)
R&D and innovation
Oreo ice cream produced by Nestlé is launched in China
Recently, according to Oreo's official WeChat, Nestlé China has been licensed by Mondelēz International Group to produce and sell Oreo ice cream, including 3 types of Oreo ice cream, including barrel sharing, cup pure enjoyment, and cone crunchy, and the product has been officially launched on JD.com. It is said that the addition of Oreo cookie crumbles in this series of products gives it a delicate and smooth taste, sweet and crispy at the same time. (Company Release)
Luckin Qingti and bayberry series are back in limited time
Today, according to Luckin's official WeChat, Luckin has joined hands with Sesame Street, a well-known IP in the United States, to bring a limited return of the Green Grape and Yangmei series, including 3 drinks: Summer Green Grape Latte, Chilled Bayberry Rena Ice and Green Grape Iron. From April 28, consumers can get co-branded peripheral hairball key rings by purchasing designated packages. (Company Release)
KFC and Meituan drones launched a "flying chicken" single meal
Today, according to Meituan Drone's official WeChat, KFC and Meituan Drone launched a co-branded "Flying Chicken" single meal. The event is from April 30th to May 5th, during which you can get 1 random wing flying cap when you purchase a single meal of flying chicken. In addition, there are pop-up stores and theme stores for consumers to check in. (Company Release)
Feihe's R&D investment has grown at an average annual compound growth rate of 41% in the past five years
According to the Environmental, Social and Governance Report (2023) recently released by Feihe, the company's R&D investment in 2017 was 14.7 million yuan, which in 2018 was 6.4 times higher than that in 2017, reaching 109 million yuan. From 2018 to 2023, the company's R&D investment will grow at a compound annual growth rate of 41%. (Finance)
Industries at a glance
Media: Cross-border co-branded overturning, don't take vulgarity as fun
A few days ago, a milk tea brand and a publishing house took the opportunity of World Book Day to launch a co-branded milk tea product with the theme of paying tribute to Lu Xun, but the advertising words caused controversy. The combination of "old cigarette cavity" and "new youth" is absurd, which has an obvious negative impact on young people, and is not in line with the current social trend of smoking ban and tobacco control in public places. The co-branding of multiple brands is not a patchwork of several trademarks, but an accumulation of responsibilities. (Beijing Daily)
A number of prepared food companies performed well in the first quarter
Up to now, 11 A-share pre-processed food companies have disclosed their first-quarter financial reports except Keming Food. From the perspective of growth in the first quarter, there are 4 companies with revenue growth of more than 10%, Anjing Food, Haixin Food, Babi Food, Guangzhou Restaurant 4 companies in the first quarter revenue growth of 17.67%, 14.46%, 10.74%, 10.04% respectively; excluding loss-making companies, there are 2 companies in the industry in the first quarter net profit growth of more than 10%, Anjing Food, Qianwei Central Kitchen 21.24%, 14.16% respectively. (Securities Times)
Decaffeinated coffee is making its mark
Decaffeinated coffee was once the subject of ridicule and ridicule both inside and outside the industry, but its quality and popularity are quietly growing. Market research firm Skyquest Technology predicts that the decaffeinated coffee market will grow from $19.5 billion in 2022 to $28.86 billion by the end of the decade. In 2022, Erin Reed, marketing director of decaffeinated coffee company Swiss Water Decaffeinated Coffee, told the trade publication New Ground: "Over the past five years, decaffeinated coffee has grown at a rate that has largely outpaced the norm. Matthew Longwell, global director of coffee and beverages at Blue Bottle Coffee, said sales of its Night Light blend decaffeinated coffee "made it into the top five in both our café and online blend categories." (CITY is not coming)
Koreans are accused of being addicted to Chinese milk tea
Chinese milk tea brands are gradually penetrating the Korean business district. Among them, Gongcha entered South Korea in 2012, and within two years it developed 240 stores in South Korea, and South Korean capital even backhanded the acquisition of the equity of Taiwan's parent company and bought about 70% of the shares of Gongcha International; some people even preemptively registered the Korean trademark of Chayan Yuese, and opened a Chayan Yuese milk tea shop at the back door of Jianda; chain brands are also paying attention to the opportunity to go to sea, the first overseas store of Chabaidao chose South Korea, and Michelle Bingcheng also opened a store next to Chung-Ang University in South Korea. (Southern Weekly)
Where did Australia and New Zealand go to purchasing agents?
Between 2012 and 2017, daigou was most active in Australia and New Zealand. In recent years, with the crackdown on import tax evasion, local consumer dissatisfaction, the epidemic and the development of e-commerce in China have all had an impact on the purchasing of baby milk powder, vitamins and other products. James Hudson, founder of e-commerce consultancy Frontier Blue, said daigou has transformed into a more sophisticated retail ecosystem. Brands in Australia and New Zealand partner with it and connect directly with Chinese consumers through online platforms such as Tmall and Douyin. A former daigou said some daigou had become "corporatized" – combining retail, logistics and home shopping networks to form "super daigou stores". (South China Morning Post)
The World Bank's "China Food Safety Improvement Project" has the largest loan amount
Recently, the Guangdong Province and the World Bank cooperation loan project - "Guangdong Agricultural Product Quality and Safety Improvement (Demonstration) Project" officially came into effect. The project uses a $260 million World Bank loan. It is a sub-project of the World Bank's "China Food Safety Improvement Project" with the largest loan amount, and it is also the foreign loan project with the largest loan amount signed by the World Bank in Guangdong Province. (Guangzhou Daily)