Author: Xiaoshidai Integration
Today's Takeaways
- Unilever Guangzhou Conghua Project Export Supervision Warehouse was launched
- Suntory Foods International's net profit increased by nearly 40%.
- ByHeart, an American milk powder company, received 688 million yuan in financing
- Pringles launches its first puffed snack in bags
- Hema said revenue continued to grow in fiscal 2024
Kraft Heinz is accused of considering selling its meat business
The latest company news
Pizza Hut opens a new model store
A few days ago, according to photos taken by netizens on social media, Pizza Hut opened a new store called "Pizza Hut WOW" in Guangzhou. According to the menu circulating online, the price of noodles and rice starts at 15 yuan, and the price of drinks starts at 6 yuan. (Snack generation)
Bawang Chaji and Chayan Yuese made a net profit last year
Today, according to LatePost, it learned that Bawang Chaji's revenue exceeded 4 billion yuan last year, and the net profit was between 800 million and 1 billion yuan. In 2022, its revenue will be about 500 million yuan and its loss will be about 48 million yuan. It is also understood that Chayan Yuese, which still adheres to the direct sales model, achieved a net profit of about 500 million yuan last year. (latepost)
TJI's revenue in mainland China grew by 33.5% year-on-year
Today, Hong Kong restaurant chain Tam Jai International announced its annual results. For the year ended 31 March, Tam Jai's profit for the year was HK$119 million, down 15.8% year-on-year. During the period, the company's comprehensive revenue from markets outside Hong Kong increased by 25.1% year-on-year. Among them, revenue from the Chinese mainland market increased by 33.5% year-on-year. (Company Announcement)
Yanghe: High-end and sub-high-end liquor still grew by double digits
Yesterday, at the online briefing of Yanghe's 2023 annual results, the company's senior management said that from the perspective of industry information, high-end and sub-high-end liquor products still maintained double-digit growth; Yanghe is the largest energy storage enterprise in the liquor industry, with a current reserve of more than 650,000 tons of high-quality base liquor. (Company Announcement)
The shareholders' meeting of Dongpeng Beverage cancelled some of the proposals
Today, Dongpeng Beverage announced that the 2023 Annual General Meeting of Shareholders cancelled the proposal on the renewal of the accounting firm, because in view of the recent relevant matters of the proposed renewal of the accounting firm to be further verified by the company, after the company negotiated with PricewaterhouseCoopers Zhongtian Certified Public Accountants (Special General Partnership), based on the principle of prudence, the proposal was cancelled after the deliberation and approval of the sixth meeting of the third board of directors of the company. (Company Announcement)
JAB Holdings shifted its focus from consumption to insurance
JAB Holdings, which owns consumer businesses such as JDE Peet's, Pret A Manger and Keurig Dr Pepper, is overhauling its investment strategy to kickstart the insurance business. Joachim Creus, the new CEO of JAB, said the steady returns generated by insurance assets are now best suited to the permanent capital of the German billionaire Lehman family, whose wealth is managed through JAB. JAB has announced the hiring of Anant Bhalla, a veteran of the U.S. insurance industry, as chief investment officer and senior partner to build a new insurance platform for the company. It is said that JAB will seek to sell part of its portfolio as the focus shifts. (Financial Times)
Walmart is accused of laying off and relocating employees
Recently, according to "people familiar with the matter", Walmart is cutting hundreds of jobs in the U.S. market and requiring most remote employees to return to the office. In addition, employees in smaller offices in Dallas, Atlanta, and Toronto were asked to move to larger centers. Employees will still be allowed to work remotely as long as they are in the office most of the time, the person said. (Wall Street Journal)
Suntory Foods International's net profit increased by nearly 40%.
Yesterday, Suntory Foods International (Suntory BF) announced its consolidated financial results for the period ending January to March 2024. During the period, the company's net profit increased by 39% year-on-year to 20.2 billion yen (equivalent to about 900 million yuan). In addition to rising prices in Japan and overseas, the depreciation of the yen was also a factor in the increase in operating income of 2.8 billion yen. (Nikkei)
KFC Japan's net profit increased by 74% as of March this year
Yesterday, KFC Japan announced that its consolidated financial results for the fiscal year ending March 2024 showed a net profit of 4.3 billion yen for the period, an increase of 74% from the previous period. Sales rose 11% to 110.6 billion yen, operating income increased 62% to 5.8 billion yen, and same-store sales increased 8%. The average monthly sales per store were 12.27 million yen, an increase of more than 800,000 yen from the previous period. At the end of the period, the number of stores increased by 35, and the expansion of delivery-compatible stores also contributed. (Nikkei)
Investment and financing
Unilever Guangzhou Conghua Project Export Supervision Warehouse was launched
A few days ago, the launching ceremony of the export supervision warehouse of Unilever Conghua project was held in Guangzhou. The Unilever Conghua project is the largest investment project of Unilever Group in China in recent years, and the official opening of the company's export distribution export supervision warehouse will help build Unilever China Export Center. At present, Unilever is building the second phase of the food factory. (South+)
Shuangta Foods plans to set up a holding subsidiary in Thailand
Today, Shuangta Food announced that its wholly-owned subsidiary, Shuangta Food (Hong Kong) Co., Ltd., plans to invest in the establishment of a holding subsidiary in Thailand, with a total investment of about 300 million yuan, including the establishment of a Thai company, the purchase of land, factory construction and equipment procurement. (Company Announcement)
Haidilao's overseas business, Tehai International, plans to be listed on NASDAQ
Yesterday, Haidilao disclosed an announcement with the U.S. Securities and Exchange Commission, announcing that Haidilao's overseas business, Tehai International, will issue 2,692,700 American depositary shares, which are expected to be traded on the NASDAQ stock market. After the completion of the offering, the entities controlled by Daniel Zhang will own a total of 45.66% of the company's issued shares, assuming the underwriters do not exercise the option to purchase additional ADSs. (Interface)
Rainbow Biotech completed the first round of financing
Recently, Mengniu's subsidiary, Hongji Biotechnology (Shanghai) Co., Ltd., completed a Pre-A round of financing of nearly 100 million yuan, led by CICC Qide Fund and followed by Moutai Fund. This round of funds will be used for the research and development of new products, laboratory construction, industrialization and commercialization. (Beijing News)
Kraft Heinz is accused of proposing to sell businesses worth up to $36 billion
Yesterday, according to "people familiar with the matter", Kraft Heinz is considering selling its Oscar Mayer meat business, and the transaction price may be between 3 billion and 5 billion US dollars (equivalent to about 21.7 billion yuan to 36.1 billion yuan). Kraft Heinz is said to have recently approached Bank of America and Centerview Partners to gauge investor interest in the business; It's unclear who will be interested, but potential buyers of such ventures tend to include private equity firms and other players in the food industry. Under the leadership of new CEO Carlos Abrams-Rivera, Kraft Heinz is working hard to adapt its product portfolio as consumer interest in health and nutrition continues to grow. The company's quarterly results this month disappointed investors as it struggled to compensate for the decline in cold cut market share due to supply chain challenges. (Wall Street Journal)
The U.S. milk powder company received 688 million yuan in new financing
Yesterday, ByHeart, an American milk powder company, announced that it has received $95 million (about 688 million yuan) in financing to support the continued commercial launch and development of its innovative product line in the United States. The company also announced the completion of its complete end-to-end manufacturing chain, with new facilities in Portland, Oregon, USA and Alleton, Iowa, enabling the brand to expand its infant formula production. So far, ByHeart has raised a total of 395 million US dollars (about 2.859 billion yuan). (Company Release)
R&D and innovation
Tsinghua University x China Feihe "Brain Development and Cognition" special project was launched
Today, the signing ceremony of the Brain and Intelligence Laboratory of Tsinghua University and China Feihe was held in Beijing, announcing the launch of the "Brain Development and Cognition" deep integration project. This move aims to give full play to the advantages of both parties in the field of scientific research and industry, and jointly promote scientific research and achievement transformation in the field of brain development and cognition through industry-university-research cooperation. (Company Release)
Pringles launches its first puffed snack in bags
Recently, Pringles, a Kellogg's brand, launched its first puffed potato chips in the US market, including butter cheddar, cream and sour cream. The new product chooses bagged snacks, marking a shift from its traditional tube packaging. The new product is said to be a butterfly fusion of two Pringles flavors. （foodbev）
依云推出“Mountain of Youth” 广告
Following the success of its iconic "Baby Skates" campaign, Evian has launched an ad titled "Mountain of Youth". Directed by Dario Catellani, the campaign features the song "JOY" by Pharrell Williams, inviting consumers to take an adventure that blends the magic of the Alps with "the eternal quest for youth". （danstapub）
Industries at a glance
The personal information of well-known entrepreneurs such as Zhong Sui was sold
Today, a media investigation found that two platforms sold the personal information of entrepreneurs on a large scale, including 10 billionaires such as Zhong Sui, the founder of Nongfu Spring, and Zhang Hongfu, the actual controller of Mixue Bingcheng. As for the data source, the sales staff of the two platforms advertised that they were cooperating with the three major telecom operators. In response, the three major operators responded that they would not sell users' personal information. (National Business Daily, Beijing News)
The U.S. plans to update dietary guidelines: the relationship between alcohol and health may be the biggest controversy
Recently, according to local media reports, the "Dietary Guidelines for Americans" will be updated and revised next year, and the health effects of alcohol have once again become the focus. It is reported that in order to avoid the influence of politics and capital, the research on alcohol and its health effects in this revision of the guidelines is outsourced to other groups for the first time: the Substance Abuse and Mental Health Services Administration (SAMHSA) and the National Academy of Sciences (NASEM, which consists of the Academy of Sciences, the Academy of Engineering, and the School of Medicine) are evaluating the issue with a $1.3 million grant from the US Congress. (surging)
The United States will spend $200 million to stop the spread of avian flu on dairy farms
Recently, the U.S. Department of Agriculture said it would provide $98 million, while the Department of Health and Human Services (HHS) would provide $101 million to help curb the spread of the avian influenza virus (H5N1). （justfood）
Internet+
Freshippo: Revenue continues to grow in FY2024
Today, Alibaba released its financial results for the fourth quarter and full year of fiscal 2024. According to the financial report, the scale of non-core business revenue, which is classified as "other", reached 51.458 billion yuan and 192.331 billion yuan in the quarter ended March 31, 2024 and in the entire fiscal year of 2024, respectively. Among them, Freshippo's revenue continued to grow. Since January this year, Hema has opened about 10 new stores in many cities across the country. Among them, 4 new stores opened in April. Previously, Hema said that it will be encrypted in the Yangtze River Delta region this year, and in the newly entered cities such as Qidong and Changshu in Jiangsu Province, it has already felt the recognition and love of consumers for Hema in the recent years. It is understood that the number of Hema Fresh stores nationwide is expected to exceed 400 within the year. (Company Release)
Alibaba's revenue in the last quarter was 221.87 billion yuan
Today, Alibaba Group released its financial results for the fourth quarter and full year of fiscal year 2024, showing revenue of RMB 221.87 billion in the fourth quarter of fiscal year 2024, a year-on-year increase of 6.6%; Adjusted net profit was RMB24.42 billion, down 11% year-on-year. According to the report, Taobao Tmall's total merchandise transaction volume (GMV) and order number achieved double-digit year-on-year growth in the last quarter, driven by the strong growth in the number of purchasing users and transaction frequency, Taotian Group achieved revenue of 93.216 billion yuan, a year-on-year increase of 4%. (Morning News)
JD.com's instant retail brand "Hourda" was upgraded to "Instant Delivery"
Recently, JD.com's instant retail brand "Hourda" was upgraded to "Second Delivery". At present, on the main site of JD.com, the "hour" side by side with the "homepage" of JD retail has been renamed "second delivery", and users can already experience the JD second delivery service. The merchant page in the JD APP has been marked with the "second delivery" logo, and the time period selected by the user is also set on the payment page. （36kr）
Dingdong's total revenue in the first quarter was 5.024 billion yuan
Recently, Dingdong Grocery released its financial report for the first quarter of 2024. In the quarter, Dingdong Grocery achieved GMV of 5.53 billion yuan, a year-on-year increase of 1.4%; total revenue was 5.024 billion yuan, a year-on-year increase of 0.53%; net profit was 12.3 million yuan, compared with a net loss of 52.4 million yuan in the same period last year; Non-GAAP net profit was 41.5 million yuan, a year-on-year increase of 583.2%, achieving non-GAAP profit for six consecutive quarters. (Company Release)
Uber will acquire foodpanda's Taiwan operations
Yesterday, Uber announced that it will acquire the Taiwan business of foodpanda, a brand owned by delivery hero, for $950 million in cash. The all-cash transaction is expected to close in the first half of 2025, the companies said in a statement. In terms of order volume, Foodpanda has a 52% market share in Taiwan, while Uber Eats has the remaining 48% share. （CNBC）