China Food

Unilever and Abbott announced the results of the third quarter, snowflake and Yibao further narrowed down the decline, Nestle launched a new product shark Keneng, Shanzhai Panda Express suspended business

Hot company information and announcement

 

Planned total investment of 2 billion, Budweiser (Wenzhou) officially put into production (Wenzhou Evening News)

 

According to Wenzhou evening news, Budweiser (Wenzhou) Beer Co., Ltd. officially put into production on October 19. It is expected that the first batch of products will be officially put into the market at the end of November this year. According to reports, the construction of the project started in 2018, covering an area of 500 mu, with a total planned investment of 2 billion yuan, including 1.45 billion yuan of investment in the first phase, with an annual production capacity of 600000 tons of beer.

 

China Resources set snow and Yibao and other revenue or profit decline further narrowed (company news)

 

Yesterday, on October 20, China Resources Group held a mobilization meeting for the three-year plan of reform. The group’s performance in the first three quarters was announced at the meeting. The group achieved a turnover of 448.8 billion yuan, a year-on-year increase of 0.6%, and the growth rate changed from negative to positive; the group’s net profit was RMB 40.4 billion, with the growth rate increased from 0.4% in the first half of the year to 7.1%, which continued to set a new record in the same period. Among them, the revenue or profit decline of China Resources snowflake and Yibao further narrowed.

Abbott nutrition sales in the third quarter were about 12.8 billion yuan, up 2.6% year on year. (company news) yesterday, Abbott released the third quarter report of 2020, which showed that the global revenue in the third quarter was 8.853 billion US dollars, with a year-on-year growth of 9.6%. Among them, the global sales of nutrition products in the third quarter was 1.924 billion US dollars (about 12.824 billion yuan), an increase of 2.6% year-on-year. Abbott said that in the international business of infant nutrition, the challenging environment in Greater China offset the growth from Southeast Asia.

Unilever’s third quarter performance driven by household food (company news)

Today, Unilever released its third quarter report. Due to the growth of household hygiene products and household food, the basic sales volume in the third quarter increased by 4.4%, the sales volume increased by 3.9% year-on-year, and the price increased by 0.5% year-on-year. In North America, market growth continues to be driven by increased demand for domestic consumer food. European market growth is mixed and pricing environment is challenging. In China, growth improved slightly compared to the second quarter.

Yili Group and tmall supermarket carry out strategic cooperation (company news)

Today, the Erie group has officially opened strategic cooperation with Tmall supermarket, tau San DA and starved, according to the official account of Erie public. In the next three years, Jindian juanshan will reach 3 billion transactions with these units.

The net profit of Zhujiang Beer in the first three quarters increased by 11.19% (company announcement)

 

Today, the third quarter report of 2020 released by Zhujiang Beer shows that the company’s operating revenue in the first three quarters was 3.507 billion yuan, up 0.55% year-on-year; the net profit attributable to shareholders of listed companies was RMB 505 million, with a year-on-year increase of 11.19%.

The net profit of Tianrun dairy in the first three quarters was 120 million yuan, with a year-on-year increase of 2.17% (company announcement)

 

Today, the third quarter report of 2020 released by Tianrun Dairy Co., Ltd. shows that in the first three quarters of this year, the company achieved operating revenue of 1.319 billion yuan, a year-on-year increase of 8.34%; the net profit attributable to shareholders of listed companies was 120 million yuan, with a year-on-year growth of 2.17%.

Yanghe’s revenue in the first three quarters was 18.914 billion yuan (company announcement)

 

Yesterday, the third quarter report of 2020 released by Yanghe shares showed that in the first three quarters of this year, the operating revenue reached 18.914 billion yuan, a year-on-year decrease of 10.35%, and the net profit attributable to shareholders of listed companies was 7.186 billion yuan, up 0.55% year on year. Among them, the operating revenue in the third quarter was 5.485 billion yuan, with a year-on-year increase of 7.57%, and the net profit attributable to shareholders of listed companies was 1.785 billion yuan, with a year-on-year increase of 14.07%.

The third quarter revenue of muyuan shares increased by 296.46% (company announcement)

 

Recently, muyuan shares announced the third quarter report of 2020. In the third quarter, the operating income of muyuan shares was about 18.132 billion yuan, an increase of 296.46% year-on-year; the net profit attributable to shareholders of listed companies was about 10.204 billion yuan, with a year-on-year increase of 561.46%. In the first three quarters of 2020, the operating income of muyuan shares was about 39.165 billion yuan, with a year-on-year increase of 233.79%; the net profit attributable to shareholders of listed companies was about 20.988 billion yuan, with a year-on-year increase of 1413.28%. The year-on-year increase in operating revenue in the third quarter was mainly due to the year-on-year increase in sales volume and price in the current period.

 

Net profit of baby room in the first three quarters was 64.1113 million, down 26.53% year on year (company announcement)

 

On the evening of October 21, the third quarter report of 2020 released by baby friendly room showed that the company’s operating revenue in the first three quarters of this year was about 1.610 billion yuan, a year-on-year decrease of 7.54%; the net profit attributable to shareholders of listed companies was about 64.1113 million yuan, a year-on-year decrease of 26.53%.

Liangpin shop: the company and its subsidiaries have received 34.4887 million yuan of government subsidies (company announcement)

 

Yesterday evening, liangpin shop announced that from March 22, 2020 to October 20, 2020, the company and its subsidiaries have received a total of 34.4887 million yuan of government subsidies, all of which are revenue related government subsidies.

China Securities Regulatory Commission approves IPO registration of Zhongjing food gem (CSRC)

 

Today, China Securities Regulatory Commission (CSRC) announced that the following enterprises were approved to register for IPO on GEM in accordance with legal procedures: Kangping Technology (Suzhou) Co., Ltd., Zhongjing Food Co., Ltd., and Shenzhen huichuangda Technology Co., Ltd. The above-mentioned enterprises and their Underwriters will negotiate with the Shenzhen Stock Exchange to determine the issuance schedule and publish the offering documents in succession.

 

Imperceptible foods released a prototype of milk free milk (CNBC). According to foreign media reports recently, impossible foods has released a prototype of milk free milk, but there is no plan to launch it on the market. Pat Brown, the company’s chief executive, argues that the existing plant based milk “is not enough.”. It is reported that impossible foods has announced plans to hire more than 100 scientists to double the number of R & D teams next year and accelerate the development of new products.

Coca Cola Australian bottling company and Heineken bid for some Australian brands from Asahi (Financial Review)

 

Coca Cola amatil and Heineken, the Australian bottling companies of Coca Cola, have become two bidders for the acquisition of some Australian brands from Asahi, foreign media reported today. Earlier, Asahi agreed to sell several of its beer and cider brands in order to acquire Carlton & United Breweries, an Australian company. Coca Cola amatil is increasing its investment in the acquisition as the Asahi sale comes to an end, a spokesman for the company declined to comment, the report said.

 

Kunming Shanzhai Panda Restaurant closed business, China Merchants Wuyue Plaza said it was reviewing the project (surging News)

Panda Express, a Shanzhai restaurant in Kunming, Yunnan Province, has been closed after rumors were refuted by the Chinese Cuisine Association and the American panda group, according to surging news today. According to Wuyue Plaza, the process and procedures of the investment promotion project are regular, but after the rumor was refuted by the head office of the United States, the company is reviewing the project, and there is no conclusion at present.

 

The first 7-Eleven convenience store opens tomorrow in Zhengzhou, Henan (interface News)

 

The first 7-Eleven convenience store in Zhengzhou, Henan Province, will open tomorrow, according to interface news. A few days ago, the official account 7-ELEVEN Henan announced the opening notice and promotional posters of the new store, and revealed two new shops in preparation. Prior to that, Sanquan food’s wholly-owned subsidiary, Henan Sanyi convenience store company, signed the regional franchise contract on Henan Province with 7-11 Japanese wholly-owned subsidiary 7111 (China) Investment Co., Ltd., which obtained the exclusive operation right of 7-ELEVEN convenience store business in Henan Province.

 

Nestle crisp shark launches new series of shark carving products and announces its spokesperson (company news)

 

Recently, Nestle’s candy brand crisp shark officially launched a new product, “crisp shark carving can” nut chocolate Weihua. At the same time, Nestle announced that popular star Huang Minghao was the spokesperson of crisp shark. “It’s the trend of the times for the brand to become younger. This time, Nestle crisp shark launched shark carving series products, aiming at the new generation,” said Jiang Nini, chief marketing officer of Nestle Greater China

 

Thailand Tencel and China Track and Field Association reach a partnership (company news)

Today, Thailand’s Tencel group and China Track and Field Association officially reached a partnership, announcing red bull as the official partner of China Track and Field Association. In the next one-year cooperation, the two sides will jointly promote healthy lifestyle for the public, carry forward the national fitness culture, and help realize the goal of sports power and “healthy China”.


Quick reading of food industry information

 

 

General Administration of market supervision (SASC) issues 20 national standards including “baby bottles and pacifiers for infants” (General Administration of market supervision)

 

On October 21, the General Administration of market supervision (SASA) held a special press conference on national standards in Yiwu, Zhejiang Province, to release 20 national standards, including “baby bottles and nipples”, involving various fields of people’s livelihood such as infant products. “Infant bottle and nipple” standard for the first time to clarify the use of safety technical requirements, the product or product sales package should be marked on the purchase information, material identification, use instructions, safety warning content, fill the gap in the use of baby bottles and nipples in the use of safety standards.  

The outer packaging samples of cold chain food imported by enterprises in Rushan City of Weihai are positive (released by Rushan)


According to Rushan municipal Party committee, in the early morning of October 21, Rushan City found a new coronavirus nucleic acid test result in a sample of imported cold chain food. After being rechecked by Weihai CDC, the outer packaging sample was positive. Rushan City has sealed up all epidemic related products for the first time, killed all related enterprises and surrounding areas, and conducted centralized isolation and nucleic acid detection on all the closely contacted persons of the batch of products, and the results were negative.

 

“Zero card and no sugar” becomes the new fashion of consumption upgrading (Xinhuanet)

According to xinhuanet.com today, Zhiyan Consulting’s “forecast report on supply and demand situation and development trend of China’s sugar free beverage industry from 2020 to 2024” shows that with the continuous increase of market penetration rate of sugar free drinks, its growth rate has been far higher than the overall growth rate of beverages. According to the data, on an e-commerce platform, the sales of sugar free drinks in May 2020 will reach 59 million yuan, with a year-on-year increase of 210%. People in the industry pointed out that the artificial sugar substitutes used in some sugar free drinks were said to be harmful to human health. However, in recent years, a number of natural sugar substitutes have dispelled the concerns of consumers to a certain extent. Therefore, it is not difficult to understand that new tea drinks which take into account the “sugar free” health and good taste are sought after.

 

Brazil coffee Exporters Association optimistic about China market prospect (Xinhua)

 

China has become the main export destination of Brazilian coffee and expects more and more Chinese consumers to fall in love with Brazilian coffee, nersson Cavaliers, President of the Brazilian coffee Exporters Association, said in an interview recently, Xinhua reported. According to the data of the Brazilian coffee Exporters Association, Brazil’s coffee export to China has shown an upward trend in recent years, and the export volume in 2019 is more than twice that in 2017. According to the association, with the growing middle class in China and the increase in the number of coffee shops in large and medium-sized cities, China will import more and more coffee from Brazil in the future.

 

22 batches of substandard food notified by Guangdong Market Supervision Bureau

 

Yesterday, Guangdong provincial market supervision and Administration Bureau announced a notice on 22 batches of unqualified food. Guangdong provincial market supervision and Administration Bureau organized the sampling inspection of 1052 batches of 9 kinds of food, including grain processing products, beverages, candy products, among which 1030 batches of qualified samples and 22 batches of unqualified samples were detected. Microbial pollution, other pollutants, heavy metal pollution and the use of food additives beyond the scope and limit were detected. The details are as follows:

 


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