China Food

The founder of Nongfu Shanquan is expected to become the third richest person in China. Costa has responded to the closing of stores in many places, Nestle and Guangzhou restaurants are pushing mooncake gift boxes, and all HEMA in Shenzhen are back to business. The market value of Haitian is more than 610 billion yuan

Hot company information and announcement

 

The founder of Nongfu spring is expected to become the third richest person in China (Hong Kong Economic Daily)


According to the Hong Kong Economic Daily today, the IPO of Nongfu mountain spring is booming. It is said that the total market value of Nongfu spring may exceed HK $240 billion. The founder, Zhong fan, may become the biggest winner. He is expected to become the third richest person in China (US $33 billion), surpassing pinduoduo Huang Zheng (US $31.4 billion) and ranking third, only behind Ma Huateng (US $58.7 billion) and Ma Yun (US $52.1 billion). By the end of yesterday’s market, Nongfu Shanquan may be ranked second in the food and beverage sector of Hong Kong stocks. Budweiser Asia Pacific (1876. HK), with a market value of HK $346.3 billion, is also 1.5 times the market value of blue chip Mengniu Dairy (2319. HK). The market value of Master Kang (0322. HK) is only HK $81.9 billion, only about one third of Nongfu mountain spring.  

 

Costa coffee responds to store closures in multiple cities (China economic network)


Costa has opened more than 400 stores in China, while it has closed about 10% of its stores in Beijing and Qingdao, China economic network reported today. On August 31, Jiangsu, Zhejiang and Shanghai also closed a number of stores, including two in Hangzhou; Nanjing has 22 Costa stores, of which 6 have been closed. For the phenomenon of Costa store adjustment, the person in charge of Costa Costa publicly responded to the matter: “closing the store is the continuation of the store optimization work, and closing the loss making stores in Qingdao is a part of Costa’s business optimization and adjustment in China.”

“China functional beverage Museum” completed in Beijing Huabin Center (company news)

Today, the opening ceremony of the “China functional beverage Museum” was held in Beijing Huabin center. The Museum exhibited relevant historical materials of China’s functional beverage industry and China Red Bull. Huabin said that China Red Bull has 600000 core terminals and more than 4 million sales outlets, directly creating nearly 15000 jobs. In the first half of 2020, the total sales volume of functional beverage segment operated by Huabin FMCG was 14.109 billion yuan, including 13.393 billion yuan of Red Bull Vitamin functional beverage.

Haoliyou’s application for “the way of potato” trademark was rejected (China court website)


Beijing Intellectual Property Court upheld its ruling of rejecting haoliyou’s trademark “potato way” on the grounds of “deception” and similar composition to the previous registered trademark, according to the China court website. The details of the court hearing are shown in the figure below.

PepsiCo signs cooperation agreement with Bharti Airtel, India’s largest telecom operator (interface News)


PepsiCo India has signed a brand cooperation agreement with Bharti Airtel, India’s largest telecom operator. From September 1, Bharti Airtel’s prepaid users will receive up to 2GB of free 4G data traffic when they purchase Lotte, kurkurkurure, uncle chips and duolituozi snacks, the economic times of India reported on the 31st.

All 21 hemamen stores in Shenzhen are back to business (Yangcheng PAI)


On August 31, HEMA announced that Shuibei store in Shenzhen would “return to the team” from September 1. So far, all 21 HEMA stores in Shenzhen have resumed business. Shenzhen Shuibei store is HEMA’s longest closed shop for epidemic prevention and control in Shenzhen. It has been 17 days since the morning of August 15. HEMA said that all stores in Shenzhen welcomed more than 12 million consumers in Shenzhen with more comprehensive protective measures and safer conditions.

 

The total market value of Haitian flavor industry has exceeded 600 billion yuan (Securities Times, snack agency)


According to today’s report of the securities times, Haitian flavor industry rose more than 1% in the intraday period, and its share price reached a new high, with a total market value of more than 600 billion yuan. After today’s closing, Haitian flavor industry closed at 188.68 yuan per share, up 2.99%, with a total market value of 611.407 billion yuan.

 

Total sales of water resources in Tibet amounted to 223 million yuan in the first half of the year, with a year-on-year decrease of 46% (company announcement)

 

On August 31, 5100 mineral water mother company issued the 2020 semi annual report of Tibet water resources. During the reporting period, the total sales volume of the group was 223 million yuan, a decrease of 46% over the same period of last year; the profit attributable to the owners of the company was 50.397 million yuan, down 66% year on year. The announcement said that in the first half of 2020, affected by the global spread of covid-19, the overall economic environment in China and the world was seriously and temporarily affected, and the group’s business, especially water business, suffered a great negative impact.

 

In the first half of the year, the profit of Zhongdi dairy industry was 155 million yuan, with a year-on-year increase of 41% (company announcement)

 

On August 31, the company released its 2020 semi annual report. During the reporting period, the company’s income was 873 million yuan (before the adjustment of the fair value of biological assets), a year-on-year increase of 24%; the company’s owners should account for 155 million yuan of profits, an increase of 41% year-on-year. The master said that novel coronavirus pneumonia had a serious impact on the dairy market demand and logistics supply in the first half of 2020, and the sale of raw milk was 219290 tons. The average selling price was about 3872 yuan per ton, and the revenue from dairy farming reached RMB 849 million yuan, accounting for 97.2% of the total group income.

 

The net profit of Guangzhou Restaurant in the first half of the year was 11.3931 million yuan, down 82.28% year on year (company announcement)

 

Recently, Guangzhou Restaurant released its 2020 semi annual report. During the reporting period, the company realized 970 million yuan of operating revenue, a year-on-year increase of 1.93%, and the net profit attributable to shareholders of listed companies was 11.3931 million yuan, a year-on-year decrease of 82.28%. The announcement said that novel coronavirus pneumonia outbreak occurred in the first half of 2020, and the main business of the company was greatly affected. Among them, the catering business has been significantly impacted, the revenue has dropped sharply and dragged down the company’s profits. However, thanks to the company’s “food + catering” dual main business strategy, the company’s operating income has been supported, and benefited from the rapid growth of frozen business, there has been a slight growth.

 

The income of crayon Xiaoxin in the first half of the year was 250 million yuan, with a year-on-year decrease of 4.8% (company announcement)


On August 31, crayon Xiaoxin released its mid-term performance in 2020, saying that the company’s revenue in the first half of the year was 250 million yuan, a year-on-year decrease of about 4.8%, and a loss of 76.6 million yuan and an increase of 18.6 million yuan during the period. As for the decrease in revenue, crayon Xiaoxin said in the announcement that it was mainly due to the decrease of sales of sweet food products and beverage products by 31.6% and 62% respectively.

 

SECCO’s revenue in the first half of the year was 1.551 billion yuan, with a year-on-year increase of 32.47% (company announcement)

 

Today, secstar released the semi annual report for 2020. During the reporting period, the company’s operating revenue reached 1.551 billion yuan, a year-on-year increase of 32.47%, and the net profit attributable to shareholders of listed companies was 56.7635 million yuan, with a year-on-year increase of 58.49%. The main reason for the increase in operating revenue was the increase in sales of fresh milk and frozen semen and the increase in the selling price of raw and fresh milk during the reporting period, the announcement said.

 

Laird superfood, a plant beverage manufacturer, has applied for listing on the NYSE and plans to raise about $40 million (Zhitong finance and Economics)


Laird superfood, a plant beverage maker, filed an IPO application with the US Securities and Exchange Commission (SEC) on Monday to raise about $40 million, Zhitong said. Founded by surfers Laird Hamilton and Paul Hodge, the company produces and sells a variety of plant-based and functional foods. The company plans to list on the New York Stock Exchange under the symbol LSF. Canaccord genius and Craig hallum capital group are listed underwriters of the company.


Nestle and Guangzhou Restaurant liangfengyuan launch mid autumn moon cake gift box (public news)


According to today’s public news report, Nestle and Guangzhou Restaurant Group’s liangfengyuan jointly released a gift box of moon cakes for the national celebration of the Mid Autumn Festival. The gift box contains egg yolk white lotus paste moon cake, tangerine peel red bean sand moon cake and Nestle hand brew master coffee.

Goo Haowei releases the first Chinese Organic Certified “0” biscuit for children (company news)


Today, health care group’s organic children’s snack brand good go? T released the first Chinese Organic Certified children’s snack: good go? T organic children’s “0” biscuit. The new product contains 3 flavors. The main products include 6 items and 0 additives: 0 phospholipids (emulsified and crisp), 0 preservatives, 0 artificial flavors, 0 flavoring agents, 0 synthetic pigments, 0 sodium pyrosulfite (bleaching agent and swelling agent). According to reports, the company will launch a series of new organic certification products in China by the end of 2020.

 

Nestle, Wyeth and other caring enterprises offer love to poor areas in Henan Province (company news)


On August 27, Nestle (China) Co., Ltd. and Wyeth nutrition (China) Co., Ltd. donated to designated poverty alleviation counties of the General Administration of Customs in Zhengzhou. This time, the General Administration of customs, together with Nestle, donated million yuan worth of milk powder and other nutritional products to children in poor areas of Pingshan, Sanmenxia and Shangqiu. It is reported that the materials donated by love enterprises will be allocated in place soon and distributed to the people in difficulty.

Jane Eyre holds the second visit to the country of origin this year (company news)

According to Jane Eyre’s news today, on August 22, the brand invited actor Zhu Yawen and more than 40 Jane Eyre consumers to jointly launch the traceability activity of the production base of “father’s love formula” yoghurt (hereinafter referred to as “father’s love formula”) production base. The traceability includes the whole production chain of raw milk and products in the pasture in Hefei, Anhui Province. It is reported that this is the brand’s second visit to the country of origin after the direct broadcast of Jane Eyre ranch in July this year.



Quick reading of food industry information

 

  

General Administration of Customs suspended export of one Australian enterprise to China (released by customs)

Today, the General Administration of Customs announced the cancellation of Australian CBH grain Pty Ltd’s barley export registration qualification and suspended its barley import. Details are as follows:

Guangdong announced 19 batches of substandard food containing 5 batches of packaged drinking water


On August 28, the Guangdong provincial market supervision and Administration Bureau announced that it had organized the sampling inspection of 874 batches of 11 kinds of food, including grain processing products, beverages, quick-frozen food, candy products, fruit products, egg products, bean products, catering food, edible agricultural products, food additives, edible oil, grease and their products, and found 19 batches of unqualified samples, including 5 batches of packaged drinking water, Microbial contamination, veterinary drug residues and food additives were detected. The details are shown in the figure below.


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