China Food

Guizhou Maotai’s net profit in the first three quarters was 37.266 billion yuan, Vita Coco’s listing broke, Remy Martin pointed out that China’s market demand was strong, and Yili milk powder wanted to be the first in the industry in 2025

Hot company information and announcement

 

贵州茅台第三季度净利润增长12.35%


Today, Guizhou Maotai announced that the net profit in the first three quarters was 37.266 billion yuan, a year-on-year increase of 10.17%, of which the net profit in the third quarter was 12.612 billion yuan, a year-on-year increase of 12.35%. (company announcement)

酒鬼酒第三季度净利润增长43.43%

Jiugui Liquor announced today that the net profit in the first three quarters was 720 million yuan, a year-on-year increase of 117.69%, of which the net profit in the third quarter was 210 million yuan, a year-on-year increase of 43.43%. (company announcement)


伊利奶粉明确2025年成为行业第一目标


At the recent investor meeting, Yili proposed that the milk powder business should increase resource investment and try its best to increase its share. It aims to become the first in the industry by 2025 (corresponding to a compound growth rate of 20%) and challenge the growth target of 30%. At present, the cheese business makes full use of the group’s channel advantages, actively explores mechanism optimization, improves innovation efficiency, and strengthens its own growth momentum. The R & D cycle of some products has been shortened from 8-12 months to 4 months. At the beginning of 2020, the low-temperature business has achieved national supply through five bases, and the production capacity is the first in the country. However, considering that the market and profit model still need to be cultivated, it still focuses on the card position in the short term and will make timely efforts in the future. (Huachuang food and drink)

Dongpeng beverage said it valued the potential of instant coffee


For investors’ questions about why to develop coffee, Dongpeng beverage said that according to the analysis data of many industries, ready to drink coffee is one of the fastest growing segments of the beverage industry. At the same time, coffee also has the effect of refreshing. Dongpeng beverage attaches importance to the potential of this segment, so it launched Dongpeng big coffee. (tonghuashun Financial Research Center)

Weiwei soymilk opened its first milk tea shop


Recently, Weiwei soymilk and the summer palace jointly opened the country’s first milk tea store in Nanjing. In the future, the goal of Weiwei soybean milk is to open tens of thousands of stores. (Beijing business daily)

Everyone Lefa profit warning

Hong Kong Catering group Cafe de Coral announced today that it is expected to make a profit of about HK $80 million for the six months ended September 30, compared with HK $162 million in the same period last year. According to the company, a total of HK $338.9 million was granted by the local government in the same period last year. (company announcement)

Net profit of Tianrun dairy decreased by 6.13% in the first three quarters


Yesterday, Xinjiang Tianrun dairy released the third quarterly report of 2021, which showed that its revenue in the first three quarters was 1.572 billion yuan, a year-on-year increase of 19.2%; The net profit was 113 million yuan, a year-on-year decrease of 6.13%. Among them, the revenue in the third quarter was 516 million yuan, a year-on-year increase of 18.5%; The net profit was 31.6596 million yuan, a year-on-year decrease of 21.03%. (company announcement)

 

The net profit of Keming food decreased by 73.75% in the first three quarters


Yesterday, Keming food released the third quarterly report of 2021, with a revenue of 3.08 billion yuan in the first three quarters, a year-on-year increase of 5.61%; The net profit was 75.7556 million yuan, a year-on-year decrease of 73.75%; The basic earnings per share is 0.23 yuan. (company announcement)

 

Shede liquor’s profit increased by 233.1% in the first three quarters


Yesterday, shede wine released the third quarterly financial report of 2021. In the first three quarters, the revenue of shede liquor industry was 3.607 billion yuan, a year-on-year increase of 104.54%, and the net profit was 960 million yuan, a year-on-year increase of 233.1%. (company announcement)

Aunt Qian’s joining cost in villages and towns is halved


Aunt Qian is trying a new franchise store. According to a customer service of the company, this new store is called Zhengxian small store, which is mainly aimed at the sinking market. At present, it has only started trial operation in Zhongshan and Jiangmen, Guangdong. The basic area of the store is controlled within 40 square meters, and the overall opening cost is maintained within 150000-180000 yuan. (interface News)

Birubbock completed the pre-A round of financing of tens of millions of yuan


Recently, birubing bock announced the completion of a pre-A round of financing of tens of millions of yuan, invested by buhun venture capital. This round of financing plan is mainly invested in technology R & D and polishing the supply chain. According to the data, Biru food was established in 2014, focusing on the production and development of dairy products. (interface News)

 

Kuafu fried string has completed a round of A2 financing of tens of millions of yuan


Recently, “Kuafu Fried String” has completed a round of A2 financing of tens of millions of yuan, which is exclusively invested by Jinding capital and Weilan capital as the exclusive financial adviser. This round of financing is expected to be used for digital construction, supply chain upgrading, brand influence construction and team expansion. (36 krypton)

 

Shanghai baheli was fined for illegal use of plastic products


Recently, Shanghai baheli Catering Management Co., Ltd. was ordered to make corrections and fined 10000 yuan for failing to comply with the provisions on Prohibiting and restricting the use of disposable plastic products such as non degradable plastic bags. (Shanghai Municipal Bureau of market supervision)

冠能联手keep打造人宠互动健身课

Recently, Guanneng, a pet food brand, joined hands with keep, a sports technology company, to jointly create a keep “pet interactive fitness class” with the theme of “extraordinary Guanneng keep going”. The course provides professional interactive fitness demonstration, with the participation of both people and pets, to build a new scene of people and pets interaction. (issued by the company)

 

Mengniu has begun to formulate carbon reduction goals and programs


Recently, Wei Wei, vice president of Mengniu, said that the company will complete the carbon inventory at the group’s operation level this year and begin to formulate targets, paths and plans for greenhouse gas emission reduction. (Daily Economic News)

Beyond   Meat lowered its third quarter performance outlook

Beyond meat, an American plant meat company, said today that it expects net sales of US $106 million in the third quarter, lower than the previously predicted range of US $120 million to US $140 million, because many factors affect its quarterly revenue, including epidemic and bad weather. Affected by this, the company’s share price fell 14% before trading. (CNBC)

 

JDE Peet’s cooperates with pret a manger to expand self-service coffee machine


Today, JDE Peet’s, a global coffee and tea giant, and pret a   manger, a British coffee and sandwich chain, announced that they would cooperate to expand self-service coffee machines. The latter’s “pret express” coffee machine will be introduced into convenience stores, gas stations, universities, medical centers, offices and other places. (road agency)

 

Remy Martin Jundu said there was strong demand in the Chinese market


Today, Remy Martin Jundu expects its current operating profit to grow more than expected in the first half of fiscal year 2021 / 2022. Among them, sales in the second quarter are expected to increase by 23.7%, stronger than expected, thanks to the strong demand for its high-quality cognac in the US, China and European markets. Its sales for the three months ended September 30 were 352.2 million euros, a year-on-year increase of 23.7%, exceeding analysts’ growth expectation of 20.8%. Cognac sales alone reached 265 million euros, a year-on-year increase of 26.9%, reflecting the strong performance of the Chinese market during the Mid Autumn Festival. (Reuters)

Coconut water brand Vita coco fell more than 9% on the first day of listing on NASDAQ


Coconut water brand Vita coco was listed on NASDAQ yesterday. The IPO price was $15 and closed at $13.52, down more than 9%. In addition, Vita coco had a shortage of goods due to supply chain problems, but Mike kirban, its co-founder and co CEO, said that this did not prevent the development of Vita coco. (36 krypton, CNBC)

 

McDonald’s may bring $200 million in sales to beyond meat


According to the data of btig, a global financial services company, the listing of McDonald’s plant-based hamburger in the United States may bring us $200 million in sales to beyond meat, with a 35% increase in revenue. (QSR)

Oatly, alpro and others set up the British plant-based food alliance


Recently, some brands are joining hands to form the “British plant-based food alliance” in the UK, including oatly, alpro, proveg UK, upfield and other brands. (Plant Based News)



Quick reading of food industry information

 

报告指近八成受访中国CEO对未来3年经济增长有信心 


Today, KPMG released the report “outlook for China’s CEO in 2021”. Chinese CEOs’ confidence in local economic growth and enterprise development prospects has rebounded significantly. Nearly 80% of Chinese CEOs expressed confidence in China’s economic growth prospects in the next three years, which has exceeded the level before the epidemic. KPMG conducted a survey on more than 1300 CEOs in 11 major markets around the world, including 125 corporate executives from China. 34% of Chinese CEOs believe that endogenous growth, such as innovation, R & D, new product development and recruitment, is the most important strategy to achieve the company’s growth goal in the next three years. At the same time, Nearly 30% of Chinese CEOs said they would invest more than 10% of their operating revenue in sustainable development projects. (Hong Kong Economic Daily)


“Combination fist” to stabilize the pork market


In view of the excessive decline in pig prices this year, the state has issued a number of policies to form a set of “combined fist” to stabilize the pork market and ensure the healthy and sustainable development of the industry. First of all, relevant departments will start the collection and storage of central pork reserves, and urge and guide all localities to carry out the collection and storage of local pork reserves in a timely manner. Secondly, it is proposed to maintain the stability of the long-term mechanism of pig production from the aspects of loan, policy insurance and environmental management, and establish the counter cyclical regulation mechanism of pig production. (Xinhuanet)

阿拉比卡咖啡期货价格今年以来涨超50%


Recently, affected by the shortage of supply, the rising price of coffee futures has attracted market attention. According to the data of the Intercontinental Exchange, the price of Arabica coffee futures has risen by more than 50% since the beginning of this year. Analysts said that the short supply of coffee beans, coupled with many factors such as insufficient containers and port congestion, the price of coffee in the hands of consumers may rise further in the future. (CCTV)

 

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