China Food

With Panda Express entering China, Dongpeng’s revenue in the first half of the year was nearly 2.5 billion. Most of McDonald’s new stores in China will be in the third tier cities. The golden dragon fish will be listed tomorrow,


Hot company information and announcement

 

Nestle completes the acquisition of aimtune therapeutics and appoints a new president (company news)

 

Today, Nestle announced the completion of the acquisition of aimtune therapeutics, a company that develops food allergy therapy. It is reported that the company will be incorporated into Nestle health science as an independent business unit to manage Nestle health science’s global pharmaceutical business. At the same time, aimtune therapeutics has also established a new executive leadership team, in which Andrew Oxtoby has been appointed president and CEO. Previously, Oxtoby was chief business officer of aimtune therapeutics.

 

Zhang Jiayin, CEO of McDonald’s China: the next step, most of McDonald’s new restaurants will be in the third tier cities (China News Agency)

 

According to China News Agency today, McDonald’s China CEO Zhang Jiayin said in an exclusive interview recently: “McDonald’s China has no plan to reduce its stores, but will continue to expand the number of restaurants in China substantially.” Zhangjiayin said that McDonald’s plans to open stores in China in 2020 will remain unchanged and at least 430 new restaurants will be opened this year. Next, most of McDonald’s new restaurants will be in the third tier cities. McDonald’s hopes to speed up the sinking speed and layout.

The world’s largest Chinese fast food chain quietly entering China (Interface)

Panda Express, the world’s largest Chinese fast food chain, opened a low-key store in Kunming, Yunnan Province, according to a report on professional catering website. The deputy director of project investment promotion of Wuyue Plaza in Kunming confirmed to the interface news that the restaurant was not a “Shanzhai store”, and that the shopping mall was an introduction agreement signed with an agent company in Shenzhen, with formal brand authorization. The reason why the dishes are different from those in the United States is that the taste of Chinese consumers has been adjusted. The panda restaurant’s low-key test in Chinese mainland market will face the complex and fierce competition in the Chinese fast food field.

Yanjin shop: expected net profit growth of 100.52% – 111.66% in the first three quarters (company announcement)

Yanjin shop announced this evening that the net profit of the first three quarters is expected to be 180 million to 190 million yuan, with a year-on-year increase of 100.52% – 111.66%. Before this, the company had an increase of 94.95% – 106.09%.

Dongpeng beverage revenue nearly 2.5 billion in the first half of the year (company announcement)

 

Recently, Dongpeng beverage released an updated version of the listing pre disclosure document. According to the document, in the first half of this year, the company’s revenue was 2.469 billion yuan, and the net profit attributable to the parent company was 441 million yuan. The income and profit indicators increased year on year. The company estimates that the first three quarters of this year’s revenue will be 3.6 billion to 4.4 billion yuan, with a year-on-year growth of 11.08% – 36.76%; after deducting non-profit, the net profit will be 575 million to 735 million yuan, with a year-on-year growth of 21.14% – 54.85%.

 

Yum China plans to set up training and logistics center in Sanya (released by Sanya)

 

Yesterday morning, the signing of the third batch of key projects of Hainan free trade port was held in Hainan International Convention and Exhibition Center, and relevant parties of Sanya signed cooperation agreements with Yum Brands China and other companies. According to the cooperation, yum China plans to participate in the economic construction of Sanya headquarters, invest and open stores in Sanya, and set up Yum training center and Sanya logistics (integration) center.

 

Red Bull Vitamin beverage (Hubei) Co., Ltd. had a revenue of nearly 4 billion last year (Foreign Publicity Office of Xianning high tech Zone, Hubei Daily)

 

Yesterday, the Hubei Federation of industry and Commerce released the list of top 100 private enterprises in Hubei Province in 2020, showing that Red Bull Vitamin beverage (Hubei) ranked 83rd with a total revenue of 3.949 billion yuan last year. According to Hubei Daily, the list is ranked by the total operating income of private enterprises in 2019.

 

Golden dragon fish will be listed tomorrow (Interface)

 

According to the official website of the Shenzhen Stock Exchange, the common shares of RMB of Yihai Jiali Jinlong fish grain, oil and Food Co., Ltd. will be listed on the gem of Shenzhen Stock Exchange on October 15, 2020. The securities are referred to as “golden dragon fish” for short, and the securities code is “300999”.

Beingmei turned losses into profits in the first three quarters (company announcement)

According to the performance forecast for the first three quarters of 2020 released by beingmei today, the net profit attributable to shareholders of listed companies is expected to be RMB 37 million-52 million during the reporting period, turning losses into profits.

 

The net profit of Jiugui Liquor increased by more than 60% in the first three quarters (company announcement)

 

Today, JiuGuiJiu’s performance forecast for the first three quarters of 2020 shows that the net profit attributable to shareholders of Listed Companies in the first three quarters is expected to be 294 million yuan – 331 million yuan, with a profit of 184 million yuan over the same period of last year, with an expected increase of 60% – 80%. Among them, in the third quarter, Jiugui Liquor is expected to achieve a net profit of 110 million yuan – 147 million yuan attributable to shareholders of the listed company, with a profit of 28.176 million yuan in the same period of last year, with an expected increase of 289.96% – 420.57%.

 

CITIC Securities: the market value of Nongfu mountain spring has the potential to exceed one trillion Hong Kong dollars (glonghui)

 

According to today’s news from glonghui, CITIC Securities said in its research report that nongnongfu spring has a broad development space. It is predicted that the company will achieve a sales scale of 100 billion yuan by 2030, with a compound annual growth rate of 15%. The bank also said that in the long run, Nongfu spring is expected to continue to upgrade iteratively, expand categories, and develop globally in a soft drink Empire based on packaged water, so as to continue the growth trend and have unlimited imagination space. The market value of nongnongfu spring has the potential to exceed one trillion Hong Kong dollars after the re evaluation and investment of Coca Cola / monster / ITO garden.

 

Morgan Stanley: maintain Budweiser Asia Pacific “overweight” rating with a target price of HK $31 (Zhitong finance and Economics)

 

According to Zhitong Finance yesterday, Morgan Stanley published a research report to maintain Budweiser Asia Pacific “overweight” rating, with a target price of HK $31. The bank said that due to the low sales volume in the eastern Asia Pacific region and the spread of public health incidents in South Korea, local restaurants and nightclubs have taken restrictive measures to reduce Budweiser Asia Pacific’s sales forecast by 1% this year. Although the mainland market has gradually recovered and the sales volume has achieved positive growth in the third quarter, it is partly affected by the closure measures of India. However, due to the company’s product diversification and superior positioning, Morgan Stanley expressed confidence in the long-term prospects of Budweiser Asia Pacific.

 

Hungry? 10 billion subsidies extended to 124 cities, and the war with the US regiment escalated (36 krypton)

 

According to the 36 krypton news today, after the operation of the first two months, hungry Mo today announced the “10 billion subsidy” comprehensive increase. Not only the key subsidy cities have expanded from 24 cities to 124 cities, but the categories have also expanded from catering to life services. The number and total amount of businesses that can use 10 billion yuan of subsidies have also continued to grow. With the promotion of the 10 billion subsidy program, the scope of subsidy will continue to be extended to all categories, including daily necessities, medicine, snacks, fresh fruits, rice, flour, grain and oil, pet products, etc. It also means that the takeout market, which has been quiet for some time, is once again on fire.

 

CEO of Suntory Japan: beer business has not yet fully recovered and will drive growth through demand change (nhkworld-japan)

 

According to Japanese media yesterday, Takeshi niinami, President of Suntory holdings, said in an interview that the company’s beer business had been hit by the closure of bars and restaurants and had not yet fully recovered. However, due to consumers’ pursuit of healthy diet and other reasons, Suntory’s All-Free non-alcoholic beer rose 25% in the first half of the year compared with the same period last year, and entered the U.S. market in July this year. He said Suntory will drive growth by responding to changes in demand and adapting to the economic situation.

 

To improve marketing efficiency, Diageo began to refer to new epidemic data (marketweek)

 

According to foreign media reports, Diageo will embed a new indicator called radar in its marketing data tool catalyst. It is understood that this indicator combines insight and consumer behavior with the latest data on the epidemic, including government and macroeconomic data. Andrew Geoghegan, the company’s global consumer planning director, said the move was aimed at improving the ability to forecast the results of Diageo’s marketing investment gross profit.

 

Mengniu releases the first overseas performance report of Chinese dairy enterprises (company news)

 

The one belt, one road overseas Accountability Report released by Mengniu yesterday shows that Mengniu has established 42 production bases in China, Oceania and Southeast Asia, with an annual capacity exceeding 10 million tons. According to reports, the above-mentioned report is the first overseas performance report handed over by Chinese dairy enterprises.

Danone New Zealand coreCan milk powder will be carbon neutral (rural news group)

 

Danone said its New Zealand made baby formula, Karicare, would be carbon neutral by 2030, foreign media reported yesterday. The company said it was working with suppliers and farmers in New Zealand to “promote renewable agricultural practices, improve soil health, continue to invest in decarbonization operations and focus on packaging.”.  

Jun Le Bao, Wei Lihua: striving to make dairy industry a respectable industry (company news)

At the recent 11th China dairy conference and 2020 China dairy exhibition and 2020 top 20 dairy industry summit, Wei Lihua, chairman and President of JUNLEBAO dairy group, said that we should strive to make the dairy industry a respectable industry. “In 2019, the group’s sales revenue increased by 25% year-on-year, with the growth rate leading the whole industry for many consecutive years,” the company said. Among them, JUNLEBAO’s milk powder production and sales volume is 75000 tons, with a year-on-year growth rate of 62%. The growth rate is ten times ahead of the industry, and it ranks first in the global growth rate. It will become the first brand in China’s formula milk powder Market in 2019. “


Quick reading of food industry information

 

 

Notice of the Ministry of Finance and other three ministries and commissions on preferential tax policies for imported exhibits sold during the exhibition period

According to the news of the official account of the fair, the Ministry of finance, the General Administration of customs and the State Administration of Taxation jointly issued the circular on preferential tax policies for the import exhibits on sale during the exhibition period of the China International Import fair.

Seven batches of substandard food notified by the General Administration of market supervision

 

Recently, the official website of the General Administration of market supervision reported seven batches of substandard food, involving edible agricultural products, convenience food, potato and puffed food, bee products and other four categories. The main problems found were the detection of microbial pollution and veterinary drug residues exceeding the standard. Details are as follows:

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