China Food

When one of the founders of A2 died, Hong Kong Customs smashed the cross-border smuggling group of frozen meat. Coconut group apologized. Nestle launched vegetable seafood first, and Taco Bell opened its first store in Beijing. Net profit of three squirrels decreased in the first half of the year


Hot company information and announcement

 


A2 founder Bob (Robert) Elliott dies (company news)


A2 announced today that Bob (Robert) Elliott, one of the company’s founders, died this morning at his home in Auckland. The company said his basic research on A2 beta casein types and their potential health benefits prompted him to work with Dr. Corrie McLachlan, a chemist, to understand the difference between A2 and A1 proteins. According to reports, the pioneering research conducted by Bob and McLachlan is the foundation of A2 milk company.


Nestle launches vegetable seafood substitute (company news)


Today, Nestle announced the introduction of plant-based tuna substitutes, the first time it has entered the growing market of plant-based seafood substitutes. According to reports, plant-based tuna substitutes can be used in salads, sandwiches and other dishes. It is made of six plant-based ingredients and is rich in nutritional pea protein, which is one of the sources of environmental protection plant-based proteins. The product will be launched in Switzerland under the garden gourmet brand. Previously, Nestle has launched a variety of plant-based products, including hamburgers, shredded meat and so on.


Coconut group apologizes for the recruitment notice (company statement)


In response to the group’s previous recruitment notice requiring applicants to mortgage their real estate to sign a “contract of sale”, coconut group issued a statement on its official website yesterday, saying that due to the lax examination of recruitment information and improper wording, some provisions have violated the relevant provisions of the labor contract law and the humanistic spirit, causing adverse effects, and apologizing to the public.



Taco Bell opens its first store in Beijing (company news)


Today, Taco Bell, a global chain catering brand, officially opened its first store in Beijing. According to reports, this site is located in Liangmaqiao embassy area, the core of international cultural exchange in Beijing.


The material of “approval of new shares of non public Development Bank of listed companies” of Huang’s group was accepted by the CSRC (CSRC)


According to the CSRC’s website, the materials on the approval of new shares of listed companies by non-public Development Bank of Huang’s Group Co., Ltd. were received yesterday.


Promotion of Budweiser brewery expansion in Hanjiang District of Putian City (Putian Municipal People’s Government)


According to the Putian Municipal People’s government yesterday, during the year, Hanjiang District fully implemented aluminum cans, special cartons, time beer, malt and other projects, signed saccharification, 200L steel barrel and other projects, promoting Budweiser Xuejin to expand its production capacity from 1.5 million tons to 2 million tons, becoming the world’s largest beer factory.


Net profit of three squirrels decreased by nearly 30% in the first half of the year (company announcement)


According to the semi annual report released by three squirrels, during the reporting period, the company realized a total operating revenue of 5.252 billion yuan, an increase of 16.42% over the same period of last year, and the net profit attributable to the parent company was 188 million yuan, a decrease of 29.51% over the same period of last year. The report said that novel coronavirus pneumonia is facing the impact of the new brand, the company implements a multi brand and all channel strategy, and revenue growth.


The net profit of Chubang soy sauce parent company Zhongju hi tech increased by 24.31% (company announcement)


On the evening of August 20, Zhongju hi tech announced that during the reporting period, the company realized operating revenue of 2.554 billion yuan, a year-on-year increase of 6.78%, and a net profit of 455 million yuan, a year-on-year increase of 24.31%. Zhongju hi tech said that during the reporting period, the sales of gourmet’s main products and affordable products continued to rise, which promoted the growth of the family side and made up for the decline of the catering consumption end.


Revenue of Tianrun dairy increased by 7.22% in the first half of the year (company announcement)


On August 20, Tianrun dairy released its half year 2020 financial report, saying that the company’s first half revenue increased by 7.22% to 883 million yuan, and its net profit increased by 3.32% to 80137800 yuan.


Fuling mustard net profit increased by 28.44% in the first half of the year (Beijing business daily)


On the evening of August 20, Fuling mustard released the semi annual report of 2020, saying that during the reporting period, the company achieved revenue of 1.198 billion yuan, a year-on-year increase of 10.28%, and a net profit of 404 million yuan, a year-on-year increase of 28.44%. In view of the performance growth, Fuling mustard said in the report that during the reporting period, the company achieved remarkable results in improving production capacity through technical transformation, realized the aluminum foil of all product packaging items, and fully completed the product upgrading.


Yili mineral water group headquarters opens (company news)


According to the official micro of Yili mineral water, the headquarters of Yili Group opened on August 8. In his speech, Mr. Zhao Ziming, chairman of the board of directors, elaborated the strategic planning of Yili Group, and said that Yili’s ziyongquan water source production base in Longmen, Huizhou will be fully launched. Meanwhile, Yili will base itself on Shenzhen, deeply plough into the markets of Guangdong and Fujian Province, broaden offline sales channels, open online small program ordering platform, and deliver Yili mineral water to consumers.


Taoli bread net profit in the first half of the year was 418 million yuan, up 37.54% year on year (company announcement)


Taoli bread released the 2020 interim report yesterday, showing that in the first half of the year, the company achieved revenue of 2.739 billion yuan, a year-on-year increase of 7.08%; the net profit attributable to shareholders of listed companies reached 418 million yuan, up 37.54% year-on-year. The core product of Taoli brand bread and pastry achieved a revenue of 2.731 billion yuan, an increase of 7.22% over the same period of last year, accounting for 99.70% of the company’s annual operating revenue.


Internal transaction disclosure: Starbucks directors sold 17500 shares (company announcement)


On August 20, Starbucks announced the insider trading of the company: Shih Clara, the director of the company, sold 17500 shares on August 18, 2020.


British competition and market authority investigates the 780m joint venture between Carlsberg and Marston (Foodbev)


According to foreign media, the British competition and market authority (CMA) has launched an investigation into the proposed joint venture between Carlsberg and Marston, the UK, on the grounds of fear of reduced competition. According to reports, the initial merger was announced in May this year, when the proposed deal was to establish a 60:40 joint venture in the UK called Carlsberg Marston brewery company. Competition agencies have begun the first phase of a joint venture investigation, and CMA will investigate whether the joint venture will lead to “a significant reduction in competition for goods or services in any market or market in the UK”.


The price of raw materials dropped, and the net loss of Huifa food in the first half of the year narrowed by 87.8% (Beijing business daily)


Yesterday, Huifa food released the semi annual report of 2020, saying that during the reporting period, the company achieved a revenue of 477 million yuan, a year-on-year increase of 26.31%; a net loss of 5.66 million yuan, a year-on-year decrease of 87.8%. The company said that the narrowing of losses was mainly affected by the price drop of chicken raw materials, which led to the reduction of product cost and the rise of gross profit margin. In addition, it was also affected by the increase in sales revenue. According to the data, Huifa food’s main business is the R & D, production and sales of frozen prepared meat products, including quick-frozen pill products, sausage products, fried products, string products, etc.


Lindor Swiss lotus Qixi new product launched (AP)


Swiss lotus launched four new products on the eve of the Chinese Lunar New Year, aiming to bring a richer chocolate experience to Chinese consumers, the US News Agency reported yesterday.  


Coca Cola to attend the business wire Conference


Coca Cola announced yesterday that Chairman and CEO James Quincey and executive vice president and chief financial officer John Murphy will address the global consumer necessities conference at 10 a.m. EST on September 10.


PepsiCo opens a new distribution center in Indiana


PepsiCo North America has opened a new $14.5 million sales and distribution center in Indianapolis, foreign media reported yesterday. The 200000 square foot center is said to be able to launch new distribution routes and expand capacity. PepsiCo said the new technology would help open up 150 new distribution routes.


Danone’s St ō K brand promotes pumpkin cold extract coffee (Foodbev) in the United States


Danone’s brand St ō K has launched a seasonal pumpkin flavored cold extract coffee in the United States to expand its product portfolio, foreign media reported yesterday. The brand said it contained less sugar than some other popular pumpkin flavored lattes. The coffee is available at grocery stores and retailers across the United States.


Kellogg invested US $43 million to lay out the plant base (Foodbev)


According to foreign media reports yesterday, Kellogg plans to invest $43 million in a plant in Ohio that produces its Morningstar farms series of plant-based products. Kellogg announced that under the influence of covid-19, the company postponed the launch of its new line until the end of this year, including the launch of Morningstar farms’ incogmato series of plant-based meat substitutes. The project will start in September and is expected to be completed in December 2021.


American bubble water brand Waterloo is acquired by a consortium led by private equity fund (Hua Lizhi)


On August 19, a consortium led by flexis capital, a US private equity firm, announced its acquisition of us bubble water brand Waterloo. The consortium also includes eurazeo brands, a French investment company, Moore strategic ventures, a US private investment company, and JW Levin management partners, a US consumer goods investment company. Details of the transaction have not been disclosed. Founded in 2017, the bubble water brand has become one of the fastest growing and largest independent soda brands in the United States.


Qiqiao chocolate launches new taste products (Foodbev) in the United States


According to foreign media, Qiqiao chocolate will launch the second chocolate of the kit kat duos Series in the United States in November this year. New flavors of chocolate will be available in stores across the United States.



Quick reading of food industry information

 

Hong Kong Customs smashes cross-border frozen meat smuggling syndicate, involving HK $190 million (China News Network)


According to the China News Agency, Hong Kong Customs and Excise Department reported on the 20th that it had successfully smashed a cross-border group for smuggling frozen meat and money laundering. The value and assets of the smuggled frozen meat involved in the whole case amounted to about HK $190 million. 13 people, including the mastermind and backbone of the case, were arrested. According to reports, the smuggling group transported the imported frozen meat to the wharf and put it on a barge. At night, it was towed by tugboat to the western waters of Hong Kong. After being picked up by mainland speedboats or cargo ships, the smuggling group sailed to the mainland at high speed. Finally, the cargo ship was unloaded at the abandoned Wharf in Nansha or Panyu, and then transported to Jiangmen, Foshan, Dongguan and other places.


Ministry of Commerce: China is still a hot spot for investors from all over the world


According to CCTV news today, at today’s press conference held by the Ministry of Commerce, Gao Feng, a spokesman for the Ministry of Commerce, said that China, as always, welcomes foreign investors, including U.S. investors, to invest and operate in China and to share China’s development opportunities. He said that since this year, a number of large US funded projects such as Starbucks have been invested, which shows the confidence of US investors and US funded enterprises in the Chinese market. According to a report released by the US China Trade Commission on August 14, 91% of the US enterprises interviewed said that their business in China remained profitable, 83% said they regarded China as the most important or one of the top five markets in the world, nearly 70% said they were optimistic about the business prospects of the Chinese market in the next five years, and 75% said they would maintain or expand their investment scale in China in the coming year. According to Gao Feng, facts have proved that China is still a hot land for investors from all over the world, including the United States.


13 Kyrgyz enterprises obtain the qualification of exporting dairy products to China (economic and Commercial Department of Embassy in Kyrgyz Republic)


According to the Kyrgyz state veterinary and plant health safety and Quarantine Bureau, 13 Kyrgyz enterprises have been qualified to export dairy products to China, according to Kyrgyz’s tazabek news website yesterday. In June 2019, the State Veterinary and plant health safety and Quarantine Bureau of Kyrgyzstan and the General Administration of Customs of China signed the protocol on inspection and quarantine requirements for dairy products exported to China. Under the framework of the protocol, 13 enterprises obtained the qualification for exporting dairy products to China.


China Inspection and quarantine group and European science and technology group work together to create a new mode of epidemic response (AP)


On August 20, China Inspection and quarantine group Traceability Technology Services Co., Ltd. signed a strategic cooperation framework agreement with Eurasia science and Technology Group in China. The two sides aim to integrate the technical advantages of both sides under the background of “external prevention and internal anti rebound” in the prevention and control of Xinguan epidemic situation, assist import and export enterprises to strengthen the source epidemic prevention and control in the field of international trade of agricultural products and food, and establish the whole process traceability of imported products, Ensure the safety of imported food and agricultural products and people’s health, and serve the development of foreign trade.


Report of the Engineering Institute: seven major problems of food safety and environmental pollution are still major hidden dangers (first finance and Economics)


China’s food safety situation, problems and Countermeasures Strategy Research (Part II), a major consulting project of the Chinese Academy of Engineering released by the science press on the 21st, said that the food safety situation is still grim at this stage due to the old diseases and new diseases. Among them, environmental pollution is still a major hidden danger affecting food safety and an important problem affecting food safety for a long time. The details are shown in the following figure:



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