Danone’s sales fell 5.7% in the second quarter and is expected to continue to improve in the second half of the year (Reuters)
Danone’s second quarter sales fell 5.7%, according to Reuters today. The company believes the second quarter is the “most challenging quarter of the year” and should see continued improvement in growth in the second half.
Yum! China’s total revenue fell 11% in the second quarter, more than 99% of its stores have opened (company announcement)
Yum! China’s second quarter results released today showed total revenue of $1.9 billion during the reporting period, down 11% from a year earlier. The total sales of the system decreased by 4% year on year. Among them, KFC decreased by 6% and pizza hut by 12%. More than 99% of its stores are now open, according to Yum China.
Budweiser Asia Pacific’s revenue fell 23.5% in the first half of the year, with China’s sales reaching a record high in June (company announcement)
Budweiser Asia Pacific’s second quarter report released today showed that revenue fell 23.5% in the first half of 2020, and total sales fell by 22.2% year on year. In the second quarter, sales improved to nearly the same level as the same period last year due to a strong recovery in China, and recorded the highest monthly sales volume in Chinese sales history in June 2020, the company said.
Yizi International’s second quarter net income fell 2.5% and quarterly dividend rose 11% (company news)
The second quarter results released by Yizi international yesterday showed that net income during the reporting period was $5.911 billion, down 2.5% year-on-year. The company also announced a quarterly cash dividend of $0.315 a share, up 11%.
Tong’s first half net profit increased by 10.96% (company news)
Yesterday, Mr. Tang disclosed the semi annual performance report of 2020. According to the report, the company’s revenue from January to June this year was 3.125 billion yuan, an increase of 5.23% year-on-year. The net profit attributable to shareholders of listed companies was 962 million yuan, up 10.96% year on year.
Rio cocktails continue to sell well, and the net profit of Bairun shares in the first half of the year increased by more than 50% (Interface)
Yesterday, Bairun shares released its 2020 semi annual report. During the reporting period, the operating income of Bairun shares reached 788 million yuan, an increase of 24.03% over the same period of last year; the net profit attributable to shareholders of listed companies was 212 million yuan, with a year-on-year increase of 55.02%. Among them, the main business income of the pre adjusted cocktail plate was 702 million yuan, accounting for 89.29%, and the net profit was 160 million yuan, with a year-on-year increase of 57.12%.
Maxim lost HK $390 million in the first half of the year, dragging down the core profits of milk companies by 40% (Ming Pao)
According to Ming Pao yesterday, the company’s revenue in the first half of the year fell 9% to 5.24 billion US dollars, and the core business profit fell 40% to 105 million yuan. Among them, milk company’s restaurant business, namely, the income of Maxim in Cambodia, China, Hong Kong and Macao, Malaysia, Singapore, Thailand and Vietnam fell 29% year-on-year to $873 million, dragging down milk international to a loss of $25 million. In other words, the entire Maxim group lost $50 million (about HK $390 million) in the first half of the year.
Fonterra will reduce its holding of Bain Mae again, and the current shareholding ratio is about half of the original (company announcement, snack agency)
Bain Mae announced today that the shareholder Fonterra will reduce its 1.3% shares from July 27 to July 28, 2020. After the reduction, Fonterra has a total of 9.52% shares of Bain mein. This is about half of Fonterra’s initial shareholding. According to xiaoshidai, Fonterra acquired nearly 19% equity of Bain mein in 2015.
More than 10000 stores in China (company news)
Yum! Brands China announced today that it had more than 10000 restaurants and celebrated the opening of KFC restaurant in Boao, Hainan, which marks the 10000 stores. Among the 10000 restaurants, the company said, more than 600 Huang’s restaurants were acquired this year. In terms of system sales, yum! China has become the largest catering company in China.
Unilever cooperates with alganuity to explore the use of microalgae protein (company news)
Yesterday, Unilever announced a partnership with biotechnology start-up alganuity to jointly develop the potential of microalgae proteins, aiming to bring innovative products to Unilever’s plant-based food portfolio.
CICC and Guojun raise the target price of Maotai to 2109 yuan (tonghuashun finance and Economics)
According to tonghuashun finance and economics yesterday, CICC and Guojun both raised the target price of Maotai to 2109 yuan, corresponding to a total market value of more than 2.6 trillion yuan.
A Hangzhou store of Haidilao’s chopsticks is unqualified for E.coli (Zhitong finance and Economics website)
According to Zhitong finance and economics news today, on July 14, Hangzhou municipal market supervision and Administration Bureau issued a notice on 21 batches of substandard food, according to regulations, coliform bacteria were detected in one batch of chopsticks used in a store of Haidilao hot-pot/" 22375 rel="nofollow" target="_self">hot pot, and according to regulations, the standard value of this item is “not to be detected”.
China tea signed strategic cooperation framework agreement with Chaozhou municipal government (company news)
Yesterday, China Tea Co., Ltd. and Chaozhou Municipal People’s government signed a strategic cooperation framework agreement. According to the agreement, the two sides agreed to form a strategic partnership, establish a long-term and stable cooperation mechanism, strengthen complementary advantages and all-round cooperation in their respective fields, and jointly promote the rapid development of China tea single cluster tea industry.
Can the us take away Alipay? Why does Taobao not support wechat payment (surging News)
In July 29th, some netizens noticed that there was no Alipay in the US group’s takeaway payment page. But there are also some American friends who take away Alipay App. In the evening of that day, according to media reports, Wang Xing, founder and CEO of meituan, said on a social platform: “why does Taobao not support wechat payment? WeChat pays more active users than Alipay, and fees are lower than Alipay’s.
Remy Martin company is accused of “cutting leeks”, the former dealer claims 300 million (first finance and Economics)
Recently, Guangdong Huanfa Liquor Co., Ltd., the former general distributor of Renmin Ma Jundu (hereinafter referred to as “Huanfa liquor industry”), filed a lawsuit against the Chinese company of Renmin Ma Jundu, accusing the company of “cutting leeks” and unilaterally terminating the distribution contract in advance, thus claiming RMB 314 million. In response, Remy Martin China responded that the company was not willing to comment on the matter during the lawsuit.
There are more than 2000 stores of Qian Dama, with an estimated sales of 12 billion yuan this year (Interface)
According to yesterday’s interface news, as of the middle of July, the number of community fresh food stores Qian Dama in China exceeded 2000. Ms. Qian divides the Chinese market into 12 regions and plans to complete the layout of all regions except northeast China in 2021. A person close to the senior management of aunt Qian told us that the retail sales in the first half of this year increased by nearly 30% compared with that of stores in the first half of this year. The sales volume in the first half of this year was more than 5 billion yuan, and it is estimated that the sales volume of this year can reach 12-13 billion yuan.
Yoshino will close at most 5% of its stores by the end of February next year (Star Island daily)
Yoshino, a Japanese restaurant chain, announced that it would close up to 150 stores in the world by the end of February next year, accounting for 5% of the total number of its stores. According to Japanese media reports, Taigui, director of the Yoshino society, said plans to open new stores this year would also be suspended. It is estimated that the annual loss will reach 9 billion yen (HK $660 million) by the end of February next year. Yoshinojia holdings owns a total of 3300 stores in the world, including “yoshinojia”, oolong noodle “Huawan” and sushi “jingzun”.
Angel yeast: excessive reducing sugar will not cause food safety problems (Beijing business daily)
Yesterday, in view of the unqualified product quality inspection, the relevant person in charge of Angel yeast said that the unqualified product was indeed the company’s product, but the excessive reducing sugar content in the product would not bring food safety problems. According to a notice issued by Beijing Municipal Administration of market supervision on July 24, the reducing sugar content of superior grade soft white sugar produced by Angel yeast (Chifeng) Co., Ltd. is 2.85g/100g, and the standard is 1.5-2.5g/100g.
Jab’s pret A Manger will permanently close 30 stores and lay off nearly 1000 employees (Hua Lizhi)
Pret a manger, a British coffee and snack chain owned by jab holdings, has announced that it will permanently close 30 stores in the UK and that it will lay off about 1000 employees, according to Huali Zhi. In this regard, the brand explained that it was greatly impacted by the epidemic, which could reduce the expenses on staff salary and rent cost and stop loss in time.
China bans Brazil processing plant BRF from exporting chicken to China
According to the Xinbao news today, BRF, a Brazilian meat processing plant, said that the General Administration of Customs of China had suspended the export of chicken from its Dourados factory to China due to concerns about the new outbreak. Since the outbreak of the outbreak in Brazil’s meat factory, Dourados plant is the second BRF plant to be suspended by China. The other is its pork factory.
Crocs and KFC push their own hole shoes with “chicken legs” (Hua Lizhi)
According to the recent news of Huali Zhi, Crocs and KFC, the famous American casual shoes brands, have launched a joint brand shoes, which will be officially sold on July 28.
Consumer insight report of China’s shopping centers in 2019-2020 (Nielsen)
Recently, Nielsen and China Chain Store Association released the consumer insight report of China’s shopping centers in 2019-2020, and put forward five major findings. These findings include: 1) shopping malls are still the first choice for consumers when shopping; 2) the consumer index of first tier cities and urban shopping centers continues to lead, with 24-35-year-old people as the core customer group; 3) urban shopping center consumers “come with admiration” while community-based shopping center consumers “make a quick decision”; 4) epidemic situation During this period, consumers formed online consumption habits, and shopping centers accelerated the digital process; 5) activated private domain traffic and redefined members.
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