China Food

Feihe’s acquisition of the original ecological anti-monopoly was approved. The VC behind the founder of Yuanqi forest, the former senior manager of P & G, served as the vice president of new dairy industry, and the parent company of Guangming Dairy Co., Ltd. acquired 45% equity of Guangming animal husbandry


Hot company information and announcement

 


Feihe’s acquisition of original ecological animal husbandry passed anti monopoly approval (company announcement)

Flying crane dairy and original ecological animal husbandry issued a joint announcement today, revealing that Feihe has submitted the anti-monopoly declaration documents in China to the State Administration of market supervision and administration on the previously announced acquisition offer of original ecological animal husbandry, and was approved by the State Administration of market supervision and administration on October 27, 2020. It is expected that the consolidated document, together with the white acceptance form for the share offer and the pink acceptance form for the share offer attached to the consolidated document, will be sent to shareholders and option holders on October 30, 2020.

Former general manager of P & G national sales as vice president of new dairy industry (company announcement)

New dairy announced today that the board of directors has agreed to appoint Zhang Shuai as the company’s vice president. According to the data, Zhang Shuai once served as the national marketing director and general manager of national sales of skin care products of P & G company, and the general manager of national sales was strictly selected by Netease. Mr. Zhang Shuai has rich experience in consumer goods industry, including group strategic planning, cross category marketing innovation, skin care brand reform, international KA customer management, Internet new consumer brand marketing, online and offline Omni channel marketing system integration, etc.

Hidden VC emerged from the founder of Yuanqi forest (investment circle)

According to a recent report from the investment community, Challenger capital, a major shareholder of Yuanqi forest, previously invested in never coffee, a brand of ready to drink coffee. The legal person of Challenger capital is Tang Binsen, founder of Yuanqi forest, who holds 78.75% of the shares of Yuanqi forest. This means that Yuanqi forest is slowly extending its investment antenna through a VC. According to Tianyan information, the second largest shareholder of never coffee is Beijing Challenger Technology Co., Ltd., with a shareholding ratio of 20%. It is reported that Challenger capital, founded in 2014, currently manages three RMB funds with a capital scale of 2 billion yuan. It has deep involvement in consumption, entertainment and games, enterprise services and other fields, and has invested in many well-known projects such as panda brewing, ramen theory and Yuanqi forest. It is reported that in October 2019, with the investment of Gaorong capital and other institutions, the valuation of Yuanqi forest has leapt to 4 billion. In the next nine months, the value of Yuanqi forest rose by 10 billion.

Three squirrels reply to Shenzhen Stock Exchange concern letter (company announcement)

Today, in response to a letter of concern received by the Shenzhen Stock Exchange on the 27th, three squirrels said that the company and the Cooperative Bank launched supply chain financial products to the managers of the small squirrel shops. The store managers’ financing funds were used exclusively for the purchase of three squirrel brand commodities during the operation of the small squirrel shops. After the bank issues the loan, according to the withdrawal application and payment entrustment of the store manager, the bank will pay the loan fund to the trading partner of the store manager who abides by the purpose of financing, that is, the squirrel South enterprise, so as to ensure that the loan is fully used to purchase three squirrel brand commodities from the squirrel South enterprise, so as to avoid the risk of loan misappropriation.

The net profit of beingmei in the first three quarters was 50.79 million yuan (company announcement)

Today, beingmei released its third quarter report. According to the announcement, the company’s operating revenue in the first three quarters was 2.205 billion yuan, an increase of 9.3% year-on-year, and the net profit attributable to shareholders of listed companies was 50.79 million yuan. In addition, beingmei plans to make corresponding provision for impairment of assets within the scope of consolidated statements as of September 30, totaling 22.8427 million yuan of various assets impairment reserves, 22.2399 million yuan of write off of assets, and deduction of 12.418 million yuan of depreciation reserves at the beginning of the year, and a total of 32.6555 million yuan of total profits from January to September.

Guangming dairy parent company acquires 45% equity of Guangming animal husbandry from Guangming International (company announcement)

Bright Dairy announced today that its parent company plans to purchase 45% of its equity in Guangming animal husbandry from its wholly-owned subsidiary, Guangming international, at a price of 944 million yuan. The equity transfer funds will be used to supplement the working capital of Guangming international and repay the loan. After the completion of the transaction, the parent company of Guangming dairy will directly hold 100% equity of Guangming dairy, and Guangming international, a wholly-owned subsidiary of Guangming dairy, will no longer hold the equity of Guangming dairy.

Guangming dairy’s revenue in the first three quarters increased by 9.26% (company announcement)

Today, Guangming dairy released its report for the third quarter of 2020, which shows that in the first three quarters of 2020, Guangming dairy achieved an operating revenue of 18.725 billion yuan, a year-on-year increase of 9.26%; net profit of 592 million yuan, a year-on-year decrease of 3.58%; and the net profit attributable to shareholders of listed companies was 426 million yuan, a year-on-year decrease of 4.16%. Among them, the third quarter achieved revenue of 6.579 billion yuan, a year-on-year increase of 8.8%; net profit of 117 million yuan, a year-on-year increase of 53.10%. In the first nine months of this year, the income of liquid milk was 10.677 billion yuan, up 3.35% year-on-year; the income of other dairy products was 5.773 billion yuan, with a year-on-year growth of 21.52%.

Bright Dairy nominates candidates for independent directors (company announcement)

Bright Dairy announced today that the board of directors of Bright Dairy Co., Ltd. nominated Mao Huigang as an independent director candidate for the sixth board of directors of Bright Dairy Co., Ltd. The nominees have agreed in writing to serve as independent director candidates of the sixth board of directors of Bright Dairy Co., Ltd.

Net profit of new dairy industry in the third quarter increased by 45.46% (company announcement)

According to the third quarter report released today, the company achieved revenue of 4.657 billion yuan in the first three quarters, with a year-on-year increase of 10.32%; and the net profit attributable to shareholders of listed companies was 185 million yuan, with a year-on-year growth of 3.7%. Among them, the third quarter of this year achieved revenue of 2.011 billion yuan, a year-on-year increase of 39%; the net profit attributable to shareholders of listed companies was 108.5 million yuan, with a year-on-year increase of 45.46%.

The net profit of Yantang dairy industry in the first three quarters decreased by 13.08% (company announcement)

Yantang dairy released the third quarter report today, showing that the company’s operating revenue in the first three quarters was 1.193 billion yuan, a year-on-year increase of 9.35%; the net profit was 96.1358 million yuan, a year-on-year decrease of 13.08%. Among them, the company’s operating revenue in the third quarter was 490 million yuan, a year-on-year increase of 25.04%. Accounts receivable increased by 49.62% at the end of the reporting period compared with the beginning of the year. Affected by the epidemic situation, the company gave some credit support to some dealers. In addition, due to the increase in sales of e-commerce channels, the balance of receivables increased.

Laiyifen and its subsidiaries received a government subsidy of 1.6716 million yuan (company announcement)

Laiyifen announced today that from September 30, 2020 to October 26, 2020, the company and its subsidiaries have received 1.6716 million yuan of government subsidies related to income, exceeding 10% of the net profit of 10.3707 million yuan in 2019.

Guangzhou Restaurant net profit increased by 10.63% in the first three quarters (company announcement)

Guangzhou Restaurant released the third quarter performance announcement today, showing that the company achieved 2.65 billion yuan of revenue in the first three quarters of this year, with a year-on-year growth of 10.14%; the net profit attributable to shareholders of listed companies was 360 million yuan, with a year-on-year increase of 10.63%.

Jiugui Liquor net profit in the third quarter increased by 419% (company announcement)

Jiugui Liquor released its third quarter report today, which showed that in the first three quarters of this year, its revenue reached 1.127 billion yuan, a year-on-year increase of 16.45%; its net profit was 331 million yuan, with a year-on-year increase of 79.76%. Among them, the net profit of the company in the third quarter was 146 million yuan, with a year-on-year increase of 419.02%.

Luzhou Laojiao net profit in the third quarter increased by 52.55% (company announcement)

Luzhou Laojiao disclosed its third quarter report today. The financial report shows that the company achieved revenue of 11.599 billion yuan in the first three quarters of this year, with a year-on-year growth of 1.06%; and the net profit of 4.815 billion yuan, with a year-on-year growth of 26.88%. The net profit of the company in the third quarter was 1.595 billion yuan, with a year-on-year increase of 52.55%.

Hexing group releases the third quarter operating data (company announcement)

 

Hexing group, the parent company of Hong Kong Yoshino and DQ, announced today the operation of its fast food business in the three months ending September 30, 2020. The results showed that the sales of the fast food business decreased by 17.8% during the reporting period, and the same store sales decreased by 15.7% (both year-on-year). During the period, the number of stores decreased by 8. The company said that the mainland business environment began to recover from the challenges posed by the new coronavirus epidemic, and the group’s efforts to transform, the decline in sales and same store sales in this quarter was less than that in the first two quarters of this year. As part of the group’s transformation, resources are mainly concentrated on its two core brands, Yoshino and ice queen. As a result, some small brand stores were closed in this quarter.

Nestle and rookie join hands to create “green double 11” (company news)

Today, rookie and Nestle China announced the launch of the “green package strategic cooperation”. During the double 11 period of this year, Nestle has carried out continuous plastic reduction on product packaging, and has worked with rookies to deepen environmental protection cooperation and upgrade express packages. In addition, during the national carton recycling day on November 14-15, rookies and Nestle will launch a “one box for one bag” campaign in five major urban communities in Beijing, Shanghai, Guangzhou, Hangzhou and Shenzhen. At that time, the “bird’s nest food shop” will be stationed in the communities with the best recycling of express delivery packages in five communities. The residents of the community can exchange for environmentally-friendly shopping bags and Nestle food as long as they bring a box of waste plastic products. In the future, the two sides will carry out packaging cooperation in an all-round way, increase the volume of products delivered in original boxes, reduce excessive packaging through the whole chain, and minimize the use of plastics. Tony Domingo, senior vice president of Nestle’s Greater China supply chain, said e-commerce logistics was an important part of Nestle’s innovation and environmental protection.

Unilever Board continues to push for headquarters merger (Reuters)

According to Reuters yesterday, the board of directors of consumer goods giant Unilever has decided to continue its plan to move its headquarters to London after the merger of the British and Dutch headquarters. The company said on Tuesday that the board meeting considered the best interests of all parties to the merger, saying the move would bring “significant advantages” in terms of increasing Unilever’s flexibility in acquiring and exiting its business, eliminating complexity and strengthening its corporate governance. The Board plans to ask the UK high court to approve the cross-border deal at a hearing on November 2, with a view to completing the process on November 29, the company said.

Nestle Youth League promises to create 20000 jobs by 2025 (company news)

Against the background of the rising youth unemployment rate caused by the new crown epidemic, Nestle Youth League announced today that it will create 300000 new employment and training opportunities for young people in Europe, the Middle East and North Africa by 2025. Despite the outbreak, Nestle and its 300 alliance partners are committed to providing young people with first jobs, internships and training opportunities, the company said. It is reported that nestle will create 20000 job opportunities and 20000 internship opportunities by 2025.


Quick reading of food industry information

 


New crown crisis affects global wine production (Reuters)

According to foreign media yesterday, an international industry group said on Tuesday that global wine production this year will still be lower than the five-year average due to the decline in sales due to the new crown epidemic crisis, lower wine production in South America and restrictions on wine production in the European Union. According to the preliminary estimate of the international organization for grape and wine (OIV) on wine production in 2020, the global wine production this year will be between 25.39 billion and 26.22 billion liters. OIV said vineyards in the European Union benefit from good weather conditions, but production is still below average as producers and governments limit production to cope with the negative effects of the epidemic.

New crown epidemic affects chocolate sales in Switzerland (Reuters)

According to foreign media, chocolate sales in Switzerland fell 14.3% in the first eight months of this year, as the new crown epidemic hit the tourism retail industry, hotels and restaurants. In the four months to August, the decline was 21.5% as sales and exports of local chocolate were hit, the Swiss chocolate Producers Association said in a statement on Tuesday. More than 70% of Switzerland’s chocolate is exported, and the downturn in tourism has particularly affected business this summer, the association said. In 2019, the Swiss chocolate industry had sales of 1.787 billion Swiss francs (1.5 billion pounds).

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