China Resources Group appoints Wang Xiangming as its new chairman (company news)
On the morning of July 28, 2020, China Resources (Group) Co., Ltd. held a meeting of middle-level and above managers. Relevant responsible comrades of the Organization Department of the Central Committee announced the Central Committee’s decision on the adjustment of the chairman of China Resources (Group) Co., Ltd.: Wang Xiangming was appointed the chairman of China Resources (Group) Co., Ltd., and his post of general manager of China Resources (Group) Co., Ltd. was removed; Fu Yuning’s post of chairman of China Resources (Group) Co., Ltd. was removed.
Fu Yuning: Yibao wants to make new progress in beverage segmentation
On July 20, the manager working meeting of China Resources venture in the first half of 2020 was held. At the meeting, Fu Yuning, who attended as chairman of China Resources Group, stressed that Pacific Coffee should seriously implement the “three remolding” strategy and focus on synergy; Yibao should focus on market demand, do a good job in supply chain management and capacity layout, strengthen benchmarking with farmers, and make new progress in beverage segmentation; beer should focus on high-end and realize snowflake in Chinese market And Heineken two brand influence strong promotion, promotes the supply chain optimization, ponders the liquor consumer goods strategy.
The decision of administrative permission received from Nongfu Shanquan listing (SFC)
According to the official website of China Securities Regulatory Commission, the examination and approval of overseas initial public offering of shares (including common shares, preferred shares and other stocks and stock derivative forms) of Nongfu Shanquan Co., Ltd. completed the task of “administrative license decision” on July 24.
Almost all McDonald’s restaurants around the world have resumed business (company news)
McDonald’s, the world’s largest restaurant chain, announced its first half results tonight. In the second quarter, the company’s revenue was US $3.76 billion, with a market expectation of US $3.7 billion; after adjustment, EPS was US $0.66, and the market was expected to be US $0.74; the net profit was US $484 million and the market was expected to be US $595 million. In addition, as of June 30, 2020, almost all McDonald’s restaurants in the world have been opened to consumers. In the second quarter, McDonald’s global comparable sales fell by 23.9%. In the quarter, the US market, the international direct marketing market and the global monthly comparable sales improved substantially.
McDonald’s CEO Chris kempczinski said in a statement today that throughout McDonald’s history, the company has demonstrated the strategic vision needed to position its business in the future. Over the past few years, the company’s investment in speed and digitization has provided McDonald’s with good conditions to overcome the difficulties.
Hulunbeier Yili organic dairy products phase I has started construction (Arong Banner people’s Government)
According to the Arong Banner people’s government today, at present, the construction of Hulunbeir Yili organic dairy products phase I production workshop, comprehensive building, sewage treatment station and other 11 monomer construction has been started, with an investment of 124 million yuan. It is expected that the first phase of the project will be officially put into operation in December 2021. According to reports, the first phase investment of the project is 1 billion yuan, 22 high-end intelligent organic dairy production lines will be built, with an annual output of 530000 tons of liquid milk and an output value of 4 billion yuan.
COFCO Coca Cola’s first plant in Guizhou starts construction and plans to be completed and put into operation by the end of next year (company news)
On July 28, COFCO Coca Cola Beverage Co., Ltd. (hereinafter referred to as COFCO Coca Cola) Guizhou project construction ceremony was held in Gui’an new area, which marks the first factory invested and constructed by COFCO Coca Cola in Guizhou is about to start construction, which is also its 20th bottling plant in China. It is reported that the first phase of COFCO Coca Cola Guizhou project is expected to have a total investment of 270 million yuan, with an annual production capacity of about 170000 tons. It is planned to be completed and put into operation by the end of 2021.
Chairman of Guangming dairy industry visited Chaozhou (Chaozhou daily)
Yesterday, Pu Shaohua, chairman of Guangming dairy, led a team to inspect the dairy market in Chaozhou, and had a discussion and exchange with the municipal leaders on the Chaozhou project construction of Guangming dairy. Pu Shaohua said that choosing to invest in Chaozhou is of great significance to Guangming dairy company’s development. The company will further accelerate the construction progress of the project, grasp the time node, and strive to start construction, put into production and get effective results as soon as possible.
The construction of Feihe intelligent industrial park will mainly build a factory with an annual output of 70000 tons of infant milk powder (Heilongjiang daily)
According to Heilongjiang Daily recently, Feihe intelligent industrial park project has completed the construction of the main production area of infant milk powder factory and underground part of intelligent logistics center. It is reported that the construction period of the project will be 2020-2022, mainly including a factory with an annual output of 70000 tons of infant milk powder, functional raw material production line, intelligent logistics center, R & D center and innovation testing center.
Yihai Jiali golden dragon fish’s first half revenue 86.973 billion yuan (company announcement)
According to the announcement issued by Fengyi international today, Yihai Jiali Jinlong fish, which is seeking to be listed independently in China, has a revenue of 86.973 billion yuan in the first half of 2020, compared with 78.685 billion yuan in the same period last year. In the first half of the year, the net profit attributable to the owners of the parent company was RMB 3.008 billion. It was 1.597 billion yuan in the same period last year.
Guizhou Maotai: net profit in the first half of the year was 22.602 billion yuan, up 13.29% (wind)
According to wind news today, Guizhou Maotai disclosed that in the first half of the year, the net profit was 22.602 billion yuan, a year-on-year increase of 13.29%, and the revenue was 43.953 billion yuan, with a year-on-year increase of 11.31%.
Shuijingfang’s revenue in the first half of the year decreased by 52.41%, and the net profit decreased by 69.64% (company announcement)
According to the semi annual report released by Shuijingfang yesterday, the first half of the year realized a revenue of 804 million yuan, a year-on-year decrease of 52.41%, and a net profit of 103 million yuan, a year-on-year decrease of 69.64%.
Yinji group signs 52% general distribution agreement of Wuliangye
Yinji group announced yesterday that its indirect wholly-owned subsidiary Yinji international development and Yibin Wuliangye Group, one of the group’s main suppliers, signed two general distribution agreements for renewing 52% of Yibin Wuliangye’s liquor products in international markets outside China (including Hong Kong, Macao Special Administrative Region of China and Taiwan of China) The agreement is valid until the end of 2025. According to public information, silver base group is a leading high-end liquor operator in China and the world.
Shenzhen Stock Exchange Issues annual report inquiry letter to golden ham (Daily Economic News)
On July 27, the Shenzhen Stock Exchange issued the inquiry letter on the 2019 annual report to the golden ham: the company was required to make a written explanation on the reasons and rationality of the inconsistency between the change trend of operating revenue and net profit, as well as the large difference between net profit and net cash flow generated by operating activities in the annual report, and submit and disclose the relevant explanatory materials before July 31, 2020.
Top 100 convenience stores in China released, top three of Yijie, meiikea and Kunlun Haoke (Beijing News)
On July 27, China Chain Store Association released the list of “China’s top 100 convenience stores in 2020”. In terms of the number of stores, the top ten were Sinopec easyJet, IKEA, PetroChina Kunlun hospitality, Tianfu, Quanquan, Rosen, Zhejiang renben Supermarket Co., Ltd. (full and above), 7-Eleven, Suning store and Jianfu.
Dairy company keystone dairy’s record quarterly revenue in June
Ketone dairy, a dairy and nutrition producer and exporter, said in a statement yesterday that KTD’s revenue in the June quarter (the first quarter of fiscal year 2021) reached a record $11.5 million, up 667% year-on-year and 32% month on month, marking the sixth consecutive quarter of KTD’s revenue growth.
High sales growth of bubs in China (Aohua Finance Online)
The Australian high-end brand of infant and goat milk powder and complementary foods announced on Monday that direct sales in China increased by 26% in the second quarter of this year, accounting for 22% of the company’s total revenue in the second quarter. According to the announcement, the company’s total revenue in the second quarter was a $62 million, an increase of $15 million or 32% year-on-year. Markets outside China also saw strong growth.
Citi analysts support A2 milk Asia Pacific head as CEO (the Australian)
According to foreign media news yesterday, Citigroup analyst Sam teeger said that he supported Peter Nathan, head of A2 milk Asia Pacific region, as CEO of A2 milk.
GM works with more outsourcing manufacturers and suppliers to cope with the surge in product demand (Wall Street Journal)
GM has established several new partnerships and expanded existing ones with outsourcing manufacturers and suppliers since demand for products began to soar in March, according to the Wall Street Journal yesterday. John church, chief supply chain and global business solutions officer at general mills, said the company had 200 partners before the outbreak and the number will increase to as much as 20% in the future.
Great John plans to hire 10000 new employees (CNBC)
According to CNBC yesterday, great John announced on Monday that it would hire 10000 new employees to meet customers’ growing demand for its pizza. It is reported that during the outbreak, isolated consumers ordered more great John’s food. According to the company’s preliminary estimates, in the three months to June 28, same store sales in great John’s North America increased by 28%.
Danone will strengthen nutrition business in India and gather cost-effective products to expand devdiscourse
Danone said it would continue to strengthen its nutrition business in India and focus on cost-effective products to expand its customer base, according to foreign media today. Himanshu Bakshi, general manager of Danone India, said the company would also be committed to innovation in the field of “affordable” protein.
Becoming a supplier of Burger King’s plant based products, “not company” completed $85 million financing (36 krypton)
According to 36 krypton yesterday, citing foreign media sources, not company, a Chilean plant-based food company, has completed financing of US $85 million, with a valuation of US $250 million. Products such as not, chicken, company and so on. Previously, the company became a supplier of Burger King plant based burgers. It was in this Burger King deal that not company’s protein formula made a profit.
Nestle will launch its first vegetal condensed milk
Nestle will launch its first plant based condensed milk, made from oats and rice flour, and will be launched in three UK retail stores in September, foreign media reported yesterday. According to the head of marketing for Nestle’s UK dairy brand, the product has been developed for 18 months to meet the needs of vegetarians.
Nestle launches yes! Plant based protein bar series (company news)
Nestle yesterday announced the launch of yes! Each protein bar contains 10 grams of plant protein made from a mixture of nuts and peas. It is reported that the new product will be launched in the European market in September 2020, including the UK, Germany, the Netherlands and the Czech Republic.
Johnnie Walker announces four exclusive limited edition products (company news)
Yesterday, Johnnie Walker, the Scotch whisky, celebrated its 200th anniversary and announced the launch of four exclusive limited edition products.
Meiling · fructooligosaccharide goat milk powder obtained the domestic health food registration certificate (Heze News Network)
According to Heze news network yesterday, Meiling? Fructooligosaccharide goat milk powder has obtained the registration certificate of domestic health food of State Administration of market supervision and Administration (gsjzg2020237), which is the first goat milk powder health food with enhanced immunity function in China.
The qualified rate of infant milk powder in Qingdao reached 100% (China food safety network)
Zhao Shumin, deputy director of Qingdao Municipal Bureau of market supervision, visited “online politics” recently, according to China food safety network yesterday. He said that in recent years, the qualified rate of sampling inspection of infant formula food produced by Qingdao enterprises has been maintained at 100%, so please feel free to eat it. Zhao Shumin also said that Qingdao is a major producer of infant formula food and formula food for special medical purposes. All three infant formula food manufacturers and one formula food manufacturer for special medical purposes are all located in Qingdao.
Dalian: stop the gathering dining activities of catering service business units (zhongxin.com)
Dalian City, Liaoning Province, announced on the 27th that it would stop the gathering dining activities of catering service business units (hereinafter referred to as the notice), according to China news network today
China’s export market accounts for 30 billion US dollars, ranking first in the world (Mingbao)
According to Ming Pao yesterday quoted foreign media news, the global online food delivery service recorded revenue of US $50 billion (about HK $390 billion) in 2019, an increase of 47% year-on-year. China’s market accounted for more than 60% of the total, with meituan reviews and Alibaba performing significantly. North America’s market was closely followed by US $7.7 billion, and Europe’s $5.1 billion became the third largest market.
Notice of the General Administration of market supervision and administration on public soliciting opinions on the measures for supervision and administration of food labels (Draft) (State Administration of market supervision and Administration)
Yesterday, the State Administration of market supervision and administration announced the revised “food labeling supervision and management measures (Draft)”, and once again to the public for comments. It is mentioned in the above draft that food labels shall not be marked with the following contents:
Notice of the General Administration of market supervision on the disqualification of 8 batches of food
Yesterday, the General Administration of Market Supervision issued a notice on the unqualified situation of eight batches of food, and detected eight batches of samples of five categories of food, including convenience food, potato and puffed food, bee products, fruit products and health food. Details are as follows:
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