China Food

Coca Cola has simplified its organizational structure. Yum! China has applied for secondary listing in Hong Kong. Nongfu Shanquan has oversubscribed 310 times. China Resources beer headquarters will move to Shenzhen. The new dairy industry’s profits will increase in the second quarter

Hot company information and announcement

 


Simplified organizational structure of Coca Cola (company announcement)

 

Last night, Coca Cola announced that it would simplify its organizational structure and reorganize its current business units and teams into nine new operating divisions. The newly established operation divisions are highly interconnected, more consistent in structure, avoid waste of resources and promote new products faster. The company’s current operating structure consists of 17 business units in four geographical regions, global ventures and bottling investments. In the future, the business operation part will be adjusted to 9 new operation divisions in 4 geographical regions, global venture capital group and bottling investment group. The company’s operations management team will report to Brian Smith, President and chief operating officer.

For more details of this adjustment, please click “yinlianhao” for more details, and welcome your attention.

Yum China plans to raise up to HK $19.6 billion in secondary listing in Hong Kong (company announcement)


In a document submitted to the SEC last night, yum China said it had applied to the Hong Kong stock exchange for a second listing in Hong Kong. The company plans to sell about 41.91 million shares, of which 4% are for public sale. The maximum issue price per share is HK $468, and the maximum capital raised is about HK $19.6 billion. The admission fee is about HK $23635 calculated on the basis of 50 shares per hand. The bidding price is expected to take the closing price of us shares on September 4 as the reference price.

China listed on NYSE in 2016


The IPO price of Nongfu spring is set at the top of the range


Yesterday, the subscription of Nongfu mountain spring (09633. HK) was closed at noon. Market reaction was enthusiastic, news that international placements closed one day earlier on Thursday. The margin subscription of several securities companies is full, reaching HK $181.7 billion, which is about 310 times the over subscription of the public offering part (HK $584 million). It is said that Nongfu mountain spring intends to set the price at a ceiling of HK $21.5.

Response to the acquisition of China drinking water business by Nestle Qingdao (1)

Nestle Nestle announced yesterday that it agreed to cooperate with Tsingtao Brewery group in Chinese mainland, and Tsingtao Brewery group will buy water business in Nestle Chinese mainland. In this regard, Qingdao Brewery Group pointed out in a notice later yesterday that in recent years, Qingdao Beer Group has planned three major sectors, namely, happiness, health and fashion. In the future, it will build its beer based happy sector and expand and strengthen its beer business. To create a health sector based on “soda water + mineral water + health drinks” series product portfolio, promote the development of health drink industry, and further build a leading enterprise in beverage and drinking water industry.

China Resources snowflake beer headquarters project signed and landed in Baoan, Shenzhen (Investment Promotion Department of Bao’an District)

On August 23, the docking meeting of major projects and industrial space resources in Bao’an District was held. On the same day, the successful signing of the headquarters project of China Resources Snow Beer means that the company will move the three headquarters from Beijing to Xin’an street, Bao’an District, Shenzhen city. According to reports, in the future, China Resources Snow beer will build headquarters building, R & D center, museum, beer culture town, new industrial housing, R & D room, etc.


Fonterra’s response to further reduction of Bain Mae shares (company announcement, xiaoshidai)

 

Yesterday, beingmei issued a notice on the completion of the plan to reduce the shareholding of more than 5% shareholders. According to the announcement, Fonterra’s latest shareholding ratio in beingmei has dropped to 8.82%. In response to this, Fonterra responded by saying: “after the strategic review, Fonterra now regards its stake in beingmei as only a financial investment. Fonterra has been selling its stake in beingmei since August 2019. Fonterra’s stake in Bain Mae has fallen from 18.8% to 8.82%. We may continue to sell the investment and fulfill the relevant disclosure obligations in accordance with Chinese laws and regulations. “

 

Weifang Municipal government and Yili sign strategic cooperation agreement (Zibo Municipal People’s Government)

 

On the afternoon of August 27, Weifang Municipal government and Inner Mongolia Yili Industrial Group signed a strategic cooperation agreement in Jinan. Li Ganjie, deputy secretary of the provincial Party committee and governor, Pan Gang, chairman and President of Inner Mongolia Yili Industrial Group, and Wang Suilian, deputy director of the Standing Committee of the provincial people’s Congress, attended the signing ceremony. According to the agreement, the two sides will deepen cooperation in the construction of large-scale standardized dairy breeding base, processing of high-end dairy products, and logistics supply of dairy products.


“Yili modern wisdom health Valley” project milk powder factory starts (Hohhot daily)

 

According to Hohhot Daily recently, the “Yili modern smart health Valley” project, with an investment of 1.3 billion yuan, has started the construction of the world’s leading 5g + industrial Internet infant formula intelligent manufacturing demonstration project (milk powder factory). At present, 80% of the pile foundation work has been completed, and other supporting facilities are being promoted simultaneously.



Coca Cola executives: explore the new mode of torch transmission for Tokyo Olympic Games (Interface)

 

Novel coronavirus Oliver, 49, was recently interviewed by Kyodo news agency, the Tokyo Olympic Games, which is postponed to the Ming summer, and is being explored by the Kyodo news agency, the general manager of the Japanese Olympic Games Coca Cola Co, which is postponed to the Ming Xia August 27th. Takahashi also pointed out that it is necessary to purchase gloves, masks, masks and other materials according to the guidelines formulated by the Tokyo Olympic Organizing Committee in the future. The idea of “close contact with people around the bridge” is expected to be held before and after the ceremony, which is expected to be closely related to the arrival of the bridge.


PepsiCo and dada group deepen strategic cooperation (company news)

 

On August 24, PepsiCo food (China) Co., Ltd. (hereinafter referred to as PepsiCo) and dada group, a local instant retail and distribution platform, announced the deepening of strategic cooperation. Kuai Jiaqi, founder, chairman and CEO of dada group, and Xie Changan, senior vice president and general manager of PepsiCo’s Greater China food business, signed a cooperation agreement. According to the circular, the two sides will focus on in-depth cooperation on “people” group operation, “goods” product innovation, and “field” linkage, so as to jointly enhance PepsiCo’s sales growth in Jingdong home platform, and explore the construction of a new tripartite cooperation mode of brand merchant x retailer x Jingdong home platform.


Jiaji cooperates with China (Ningxia) Dairy Research Institute to run laboratory (Ningxia science and Technology Department)

 

According to recent news from Ningxia science and Technology Department, on August 17, China (Ningxia) Dairy Industry Research Institute held the opening ceremony of dairy cattle nutrition and feed laboratory (Testing Center). Ningxia jinyuhao Xingnong animal husbandry Co., Ltd. and Cargill company signed a cooperation agreement at the opening ceremony, marking the formal operation of China (Ningxia) Dairy Research Institute. According to reports, the dairy cattle nutrition and feed laboratory (Testing Center) is jointly operated by China (Ningxia) Dairy Research Institute and Cargill company of the United States. Its main function is to provide nutrition solutions and technical training services for the whole region’s pastures.

 

Dali’s income in the first half of the year was 10.156 billion yuan, down 8.7% year on year (company announcement)

 

On August 28, Dali food released its 2020 semi annual report. According to the financial report, in the first half of the year, the company realized revenue of 10.156 billion yuan, a year-on-year decrease of 8.7%; during the realization period, the profit was 1.876 billion yuan, a year-on-year decrease of 9.5%. In the face of changes in the overall market environment brought about by the epidemic, the group has stabilized its profit level through reasonable investment of resources and improvement of management and operation efficiency, and has maintained strong cash flow in special periods, the report said.

 

The profit of new dairy increased in the second quarter, with the net profit increasing by 26.75% (company announcement)


On the evening of August 27, new dairy released its 2020 semi annual report. According to the report, in the first half of 2020, the new dairy industry realized operating revenue of 2.556 billion yuan, a year-on-year decrease of 5.68%; the net profit attributable to shareholders of listed companies was 76.67 million yuan, a year-on-year decrease of 26.27%. The company said that affected by the initial stage of the epidemic, the first quarter was slightly under pressure, with operating revenue of 1055.16 million yuan, a year-on-year decrease of 13.66%; however, the revenue and net profit in the second quarter increased year-on-year, and recovered to be better on a month on month basis. In the second quarter, the revenue increased by about 1% and the net profit increased by 26.75%.


In the first half of the year, the revenue of Haitian flavor industry reached 11.595 billion yuan, a year-on-year increase of 14.12% (company announcement)


On August 28, Haitian flavor industry released its 2020 semi annual report. According to the financial report, the company’s operating revenue in the first half of the year was 11.595 billion yuan, an increase of 14.12%; the net profit attributable to shareholders of listed companies was 3.253 billion yuan, with a year-on-year increase of 18.27%.


Wuliangye’s revenue in the first half of the year was 30.767 billion yuan, a year-on-year increase of 13.32% (company announcement)


On August 28, Wuliangye disclosed its 2020 semi annual report. During the reporting period, the company achieved revenue of 30.767 billion yuan, up 13.32% year-on-year; the net profit attributable to shareholders of listed companies was 10.855 billion yuan, with a year-on-year increase of 16.28%.


Revenue of liangpin shop in the first half of the year was 3.61 billion yuan (company announcement)


On August 28, liangpin store released the semi annual report of 2020. In the first half of the year, the company realized operating revenue of 3.61 billion yuan, a year-on-year increase of 3.02%; the net profit attributable to shareholders of listed companies was 161 million yuan, a year-on-year decrease of 17.56%. The company said that during the reporting period, online revenue accounted for 52.45% and offline revenue accounted for 47.55%. The revenue growth in the period mainly came from online channels.


The first half of the year’s profit turned into a loss, and the net profit decreased by 150% (company announcement)


On August 28, the cereal mill released the semi annual report of 2020. During the reporting period, the company’s operating revenue was 6.103 billion yuan, a year-on-year decrease of 33%; the company’s owner should account for a loss of 52.341 million yuan, a year-on-year decrease of 150%. In the face of severe macroeconomic environment, the group adheres to long-term development oriented, actively promotes various business activities and projects according to the established development strategy, focusing on accelerating the development of online business, vigorously cultivating new categories of natural, healthy and convenient products, and continuously strengthening the level of refined customer service.


Shi Yonghong, co founder of Haidilao: retirement plan is Haidilao’s way to cope with competition (Beijing business daily)

 

On August 27, Shi Yonghong, the co-founder of Haidilao, publicly responded to Haidilao’s much watched retirement plan for the first time at the 2020 China chain catering summit. Shi Yonghong said that Haidilao is no longer a new brand. With increasing external challenges, competitors are no longer the same type of brand. Internet companies are even competitors of Haidilao. In order to enable Haidilao to continuously cope with external challenges, Haidilao has launched a retirement plan, which is expected to be completed ahead of schedule.

 

Yantai brewery repurchases shares, Asahi in China

 

On August 17, Qu Jiguang, chairman of Yantai Beer Group Co., Ltd. and Yantai Beer Qingdao Asahi Co., Ltd., disclosed at the group conference that Yantai beer group had bought back all the shares held by Asahi. This means that after Asahi sold its shares of Qingdao beer in 2017, Asahi group withdrew from a joint venture beer enterprise, and its beer business in China further contracted. Asahi holdings entered the Chinese market in 1994 and established joint ventures in Yantai, Quanzhou and Hangzhou successively, including Yantai Asahi Co., Ltd. in 1998 and Shenzhen joint venture with Qingdao beer in 1999, which mainly produces Asahi superdry, a representative product of Asahi. Since then, he has also invested in dairy products in China.

 

China factor plays an important role in aojiabao’s profit slump (Aohua Finance Online)

 

Blackmores, an Australian health care brand, announced on Tuesday that its annual after tax net profit was a $18.1 million, down 66% from a year earlier, with no dividend at the end of the year. The announcement showed that the company’s Australian market income before interest and tax fell by 49% to a $25.6 million, mainly due to the decline in China’s “purchasing agent” business. At the same time, due to the closure of Australia’s border, Chinese tourists are unable to enter the country. The company’s Australian retail business is also hit hard because Chinese tourists are important customers of the company.


Ruixing coffee flagship store settled in pinduoduo (yiou.com)


On August 24, the official microblog of lucky coffee announced that Ruixing flagship store was officially settled in pinduoduo. It is reported that the stores mainly sell retail products such as ear coffee and coffee cups.


Carrefour plans to acquire Spanish supersol store (Foodbev)

 

According to foreign media reports recently, Carrefour has reached an agreement on the acquisition of 172 super sol convenience stores and supermarkets in Spain, and the transaction is expected to be completed in early 2021. It is reported that Carrefour’s proposed acquisition of the business value of 78 million euros. Carrefour said the deal would strengthen its position in Spain by diversifying its store network and strengthening its growth model.

 

Beavertown, a British craft brewer owned by Heineken, opened “London’s largest brewery” (Foodbev)


According to foreign media reports recently, beavertown brewery, a British brewing company invested by Heineken, has opened a new brewery in Enfield, calling it “the largest brewery in London”. According to beavertown, the new production base can produce 90 million pints of beer a year for the company, up to 10 times more than before. Prior to that, Heineken purchased a minority stake in beavertown brewery in 2018 and provided an investment of 40 million pounds in the new brewery mentioned above.


Diageo US $610 million acquisition of gin brand aviation American gin


According to a recent report by Huali Zhi, Diageo has acquired the gin brand aviation American gin for us $610 million. Aviation American gin is one of the fastest-growing brands in the U.S. super high-end gin and has become the second-largest brand in the field, according to Diageo, citing data from IWSR, a wine sales tracking company. Its sales volume doubled in 2019.


Quick reading of food industry information

 

 

Prohibited drugs detected by products General Administration of Customs suspended export of one Australian beef enterprise to China (General Administration of Customs)

 

According to the General Administration of customs, on August 26, the General Administration of Customs suspended the export of Australian beef producer John Dee Warwick Pty Ltd (registration number 243) due to the detection of chloramphenicol, a banned drug in beef tenderloin exported to China. The detected products were destroyed and not allowed to enter the country. In order to ensure the safety of imported meat products, the Customs has officially informed Australia to suspend the export of the enterprise to China, and requested Australia to conduct a comprehensive investigation on the relevant enterprises within 45 days and give feedback to the Chinese side. The suspension information has been published in the “list of meat products exported to China from countries or regions meeting the assessment requirements” in the import and export food safety information service column of the General Administration’s website.

 

Ministry of Commerce: Green catering standards will be issued with relevant departments

 

On August 27, a spokesman for the Ministry of Commerce, Gao Feng, said that in order to further promote food conservation and curb food waste, on the basis of preliminary research and discussion, the Ministry of commerce is working with relevant departments to formulate relevant policies and measures to curb food waste, support industry associations to play a self regulatory role, and promote the establishment of a long-term mechanism to stop food and beverage waste. In terms of improving food and beverage conservation standards, the Ministry of Commerce will issue green catering related standards with relevant departments, and formulate and revise a number of industry standards. At present, some of them are soliciting opinions from the industry and the public. The Ministry of Commerce will revise and improve it according to the opinions and suggestions of all parties, and strive to publish it as soon as possible.

 

Expert seminar on construction scheme of national dairy technology innovation center held (Hohhot science and Technology Bureau)


On August 25, the expert seminar on the construction scheme of the national dairy technology innovation center was held in Hohhot. Experts suggest that the construction of the national dairy technology innovation center should be planned and arranged from the national level in accordance with the national standards; adhere to the market-oriented operation and pay attention to sustainable development; break through a number of key core technologies in the field of dairy industry, establish an open and shared mechanism, and form a collaborative innovation community.


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