China Food

Yuanqi forest said that he wanted to be Coca Cola in China. The Shenzhen stock exchange sent a letter of concern to three squirrels. The chairman of ant group talked about the share price of Maotai. The net profit of Sanquan increased nearly four times in the first three quarters. Nestle prina built a new factory in the United States

Hot company information and announcement


Former Ma’s Wrigley China executive, special assistant to Chairman of Ping An Life Insurance (interface News)

Li Dou, the former general manager of China demand of Mars Wrigley candy (China) Co., Ltd., has recently joined Ping An Life as a special assistant to the chairman of Ping An Life, according to the interface news report yesterday. It is reported that Li Dou’s direct report object is not Ding Dang, chairman of Ping An Life, but Lu Min, chief executive officer of Ping An Group’s insurance business. According to public information, Li Dou’s last public appearance as general manager of China demand of Mars wrigler was the signing ceremony of strategic cooperation between Mars arrow and Baishi group on June 9 this year.

Shenzhen Stock Exchange Issues three squirrel concern letters (Shenzhen Stock Exchange)

According to the official website of the Shenzhen Stock Exchange today, the three squirrels planned to provide a total of no more than RMB 30 to the operators of the squirrel shop, The guarantee amount of RMB 10 million is to provide guarantee for individual operators of squirrel shops to finance financial institutions. Shenzhen stock exchange is concerned about this, and requires the company to verify and explain the cooperation mode, access standards and company audit procedures with the individual operators of the franchise squirrel shop; whether there are clear restrictions on the loan term and financing purpose under the guarantee; and the company supervises the subsequent use of financing And the specific way.  

Yuanqi forest says its goal is to be China’s food navigator Asia

According to foreign media reports yesterday, Benny Wang, head of business development of Yuanqi forest in Southeast Asia, said recently that Yuanqi forest aims to become China’s Coca Cola company and is committed to expanding its market share in the domestic 600 billion beverage market. At the same time, Yuanqi forest is also targeting the international market. It entered Singapore as early as March this year, but its growth plan was affected by the epidemic in the country. In June this year, Yuanqi forest also entered the Malaysian market, and plans to enter Thailand and Taiwan markets by the end of the year. Referring to the recent series of factory building plans, Benny Wang said that self built factories help to minimize the cost compared with OEM, and have more plans for OEM of other brands in the long term.

Chairman of ant group responds whether the share price will exceed Maotai (Sina Finance and Economics)

According to sina finance and economics, Jing Xiandong, chairman of ant group, responded to questions such as how to view Guizhou Maotai and its share price, and whether ant group’s share price will surpass Maotai after its listing. He said that Maotai is an excellent enterprise and it is not convenient to evaluate its share price.

News companies in China

Today, beyond meat announced the launch of the “1000000 + punk health, healthy, delicious” brand campaign in China, aiming to let the public understand the nutrition and environmental benefits of vegetable meat. Chen Meiyu, general manager of other meat customers in China, said that in order to achieve the goal of brand action, the company will land its unique tour in Shanghai in the form of mobile dining cars and flash events, and jointly achieve this goal with partners such as DOE and innersect.

Tong’s net profit in the third quarter increased by 55.82% (company announcement)

Today, Mr. Tang announced that in the third quarter, he realized a net profit of 505 million yuan, up 55.82% year-on-year; in the first three quarters, it realized a net profit of 1.47 billion yuan, a year-on-year increase of 23.16%.

The third quarter revenue of Chengde Lulu dropped by 25.59% (company announcement)

Chengde Lulu released its financial report for the third quarter of 2020 on the 25th, which showed that its operating revenue in the third quarter of 2020 was 383 million yuan, a year-on-year decrease of 25.59%; the net profit attributable to shareholders of listed companies was 96.9563 million yuan, down 3.58% year-on-year. In addition, the financial report disclosed the progress of three cases involving the company in the column of “progress of important matters”. In view of the judgment of Chengde Lulu and Shantou high tech Zone Lulu South Co., Ltd. (hereinafter referred to as “Shantou Lulu”), Chengde Lulu has submitted a reconsideration to Shantou intermediate people’s court for reconsideration, which is currently under objection Review stage.

Sanquan food’s net profit increased nearly 4 times in the first three quarters (company announcement)

Yesterday evening, Sanquan food released the third quarter report of 2020. According to the financial report, the company realized 1.475 billion yuan of operating revenue in the third quarter, with a year-on-year increase of 26.26%; and the net profit attributable to shareholders of listed companies was 118 million yuan, with a year-on-year increase of 324.87%.

The net profit of Shuanghui development in the first three quarters was about 4.938 billion yuan, with a year-on-year increase of 25.24% (company announcement)

This evening, Shuanghui Development released the third quarter performance announcement, saying that the company’s operating revenue in the first three quarters was about 55.727 billion yuan, a year-on-year increase of 32.78%; the net profit attributable to shareholders of listed companies was about 4.938 billion yuan, up 25.24% year-on-year.

Quanjude lost 53.78 million yuan in the third quarter, a year-on-year decrease of 364.60% (company announcement)

Yesterday, Quanjude released the third quarter report, which showed that in the third quarter, the company realized a business income of 203 million yuan, a year-on-year decrease of 53.08%; a loss of 53.78 million yuan, a year-on-year decrease of 364.60%, and a profit of 20.32 million yuan in the same period of last year. According to the report, the company’s operations were greatly impacted by the new crown epidemic, and the company made every effort to promote the resumption of work and production in the third quarter. By improving the quality of products, changing the service mode, and strengthening the linkage between online and offline markets, the business of catering stores gradually rebounded. The company’s operating revenue increased by 53.4% in the third quarter compared with the previous quarter, and the overall loss was narrowed. The company will continue to meet various challenges and strive to minimize the impact of the epidemic.

The net profit of Shuangta food in the first three quarters was 271 million yuan, with a year-on-year increase of 83.56% (company announcement)

Yesterday, Shuangta food released the third quarter report of 2020. According to the announcement, the company achieved revenue of 1.446 billion yuan in the first three quarters, a year-on-year decrease of 10.01%; the net profit attributable to shareholders of listed companies was 271 million yuan, up 83.56% year-on-year.

Li Zhihong, director and general manager of Angel yeast leaves (company announcement)

On the evening of October 26, Angel yeast announced that the board of directors had received a written resignation report from Li Zhihong, director and general manager of the company. Due to job transfer, Li Zhihong applied to the board of directors to resign from the position of director and general manager of the company, as well as the member of the strategy committee and Nomination Committee of the board of directors. After resignation, he would not hold any post in the company. According to the announcement, Li Zhihong has served in Angel Yeast for more than 30 years. He has successively served as deputy process manager of production department, director of production department, chief engineer, director and general manager of Hubei Angel biological Group Co., Ltd.  

Budweiser Asia Pacific and Jiangsu Agricultural Reclamation signed a new model of strategic cooperation (China business network)

Budweiser signed a strategic cooperation agreement with Jiangsu Agricultural Reclamation group and local farmers’ representatives on the 23rd, China business network reported. It is reported that through cooperation, Budweiser plans to purchase 25000 tons of barley annually, involving 50000 mu of land, which will benefit 4000 to 5000 farmers. Yang Kai, vice president of purchasing and sustainable development of Budweiser Asia Pacific, said that he hoped to jointly boost the new development of domestic beer and malt with the new mode of tripartite cooperation, which would be used for the brewing and production of the local brand of Regal beer under Budweiser Asia Pacific.

Fruit tea chain brand “7 Fen Tian” completed 150 million yuan round a financing (36 krypton)

According to 36 krypton today, the fruit and tea chain brand “7 Fen Tian” has recently completed a round of financing of 150 million yuan, with Shunwei capital leading the investment, inward fund following investment and Mu Mian capital acting as financial consultant. 7 Fen sweet enters the fruit beverage market from the perspective of “cup sweeteners”. Most products are priced between 15 yuan and 25 yuan per cup. At present, there are more than 800 offline stores, mainly in Shanghai, Jiangsu and other East China regions. This round of financing will be mainly used for store expansion, supply chain and store digital upgrading, as well as brand promotion.

Nestle prina invests US $550 million to build a new plant in the US (company news)

Today, Nestle prina pet care announced a $550 million investment in a new plant in Ohio to meet the growing market demand for nutritious pet food. The expansion is part of Purina’s broader growth plan, with an initial plan to invest $550 million to build a new plant in southwest Ohio, “producing leading dog and cat dry food brands,” including Purina Pro plan, Purina one and dog chow. The plant will start construction this autumn and is expected to be operational in 2023.

Diageo’s acquisition of chase distillery (Foodbev)

Diageo has agreed to buy chase distillery, a British gin and vodka producer, to take full advantage of the high-end spirits category, foreign media reported yesterday. Dayalan nayager, managing director of Diageo UK, said, “we are excited about the growth opportunities in the high-end services segment and are looking forward to working with Chase distillery’s team to take full advantage of the huge potential of its portfolio.” The amount of the acquisition has not yet been disclosed, pending regulatory approval and is expected to be completed in early 2021.

AB InBev tries to use blockchain technology to trace the barley supply chain (Foodbev)

According to foreign media reports yesterday, AB InBev is trying a new plan in Europe, which uses blockchain technology to provide beer consumers with an end-to-end view of its barley supply chain. The brewery has launched a new pilot program to provide a transparent, traceable barley supply chain from consumers to farms. The project will begin next year on the leffe package in France.

Quick reading of food industry information


The outer packaging of cold chain food from countries with high risk of epidemic situation must be strictly disinfected (CCTV News)

The novel coronavirus pneumonia novel coronavirus pneumonia joint health insurance system was released yesterday. The CCP has issued two technical guidelines for the joint prevention and control mechanism of the new crown pneumonia epidemic. It has proposed the establishment of health registration system and health exception reporting procedures for cold chain food production and operation enterprises, and has requested strict disinfection of cold chain food packaging from high-risk areas or countries with new crown pneumonia. The catering industry should regularly clean and disinfect all cold chain food contact surfaces, outer packaging and utensils.

“China’s wine industry has a bright future” (people’s daily)

According to the people’s daily, the 9th Ningxia Helan Mountain International Wine Expo has closed in Yinchuan. According to the international wine and wine Organization (OIV) report on the global wine industry situation in 2019, China’s Vineyard planting area is second only to Spain, ranking the second in the world. French national wine master Jean Claude belluet said, “considering the huge demand and consumption growth rate of China’s domestic market, China will soon become the main consumer market of popular wine. China’s wine industry has a bright future. “

Announcement of the list of national technological innovation demonstration enterprises to be identified in 2020: Feihe Dairy Co., Ltd. on the list (Ministry of industry and information technology)

Yesterday, the Ministry of industry and information technology issued the announcement of the list of national technology innovation demonstration enterprises to be identified in 2020, which plans to identify 63 enterprises including Guangzhou Baiyunshan Hutchison Huangpu traditional Chinese Medicine Co., Ltd. and Heilongjiang Feihe Dairy Co., Ltd. as national technological innovation demonstration enterprises.

The European Parliament voted against the “vegan burger ban”

According to foreign media reports, recently, the European Parliament has voted to reject the ban on plant-based products by using names commonly associated with meat products, but voted for a ban based on plant dairy products. The vegan burger ban will limit the use of terms such as “sausage,” “hamburger,” and “steak” on plant-based alternative product labels, and may have renamed them “vegetarian plate” or “vegetarian tube.”. In addition, the use of plant substitutes based on dairy products, such as the words “yogurt style” and “cheese substitute” are prohibited. Both proposals are supposed to avoid confusion among consumers.

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