China Food

Ruixing’s “new gamble”, McDonald’s China will promote family love, Chunhua capital is accused of planning to be listed on spac, COFCO’s performance refreshes history again, Fonterra reduces its milk collection expectation, and there is a shortage of baby milk powder in the United States

Hot company information and announcement



Even if it fell to the powder plate, Ruixing still made frequent announcements to disclose the progress of every major event of the company in time. Behind all these Yugong’s efforts to move mountains, there is indeed a new gamble planned by Ruixing’s actual control of rengzheng capital at this stage: it hopes Ruixing can return to NASDAQ one day. However, the basis for supporting institutional shareholders’ wishful gambling ultimately depends on Ruixing’s actual performance, scale and operational health in the domestic coffee business. (first finance yimagazine)

Ruixing’s statement on Huakui coffee beans was questioned by Li Guoqing

Yesterday, Ruixing coffee official micro released a “statement on Huakui”, saying that recently, some cities and stores of Huakui series were sold out, and nearly half of the purchased more than 90 tons of Huakui beans were drunk in only 10 days. Recently, Dangdang founder Li Guoqing released a video questioning Ruixing’s purchase of nearly half of the imported Ethiopian Kui beans, saying that this may constitute a hidden monopoly in the upstream supply chain. In this regard, Ruixing coffee once responded in the comment area of Li Guoqing’s microblog that more than 90 tons of high-quality flower Kui was won by overseas bidding. It’s a little too frightening to talk about upstream monopoly. (fast technology)

McDonald’s China will launch “family delivery” service

Today, McDonald’s China held the Spring Festival release of “the annual flavor of beauty out of the circle”. At the press conference, McDonald’s China launched nearly 10 new year limited delicacies, including hamburgers, snacks, desserts and drinks. In addition, McDonald’s also released customized Zodiac stamps for the year of the tiger in cooperation with China Post, as well as wechat red envelope covers with the theme of the year of the tiger. Mai Le send will also officially launch the “family send” service on January 19 to provide customers with personalized e-card customization services throughout the year to meet the needs of different festivals and anniversaries. (issued by the company)

COFCO’s performance refresh history again
According to COFCO group’s news today, the group’s main indicators reached a record high in 2021, including an operating revenue of more than 660 billion yuan and a total profit of 23 billion yuan. (issued by the company)

KFC customer service responded to the sales of blind boxes

In response to the rush purchase of KFC’s “dimoo co branded blind box package”, the China Consumer Association said today that KFC, as a food operator, uses limited edition blind box sales means to induce and connive at consumers’ irrational over purchase of food packages, which is contrary to public order, good customs and legal spirit. In this regard, KFC customer service replied: it will not be affected, and the blind box will continue to be sold until January 16; Consumers don’t have to worry. They can buy normally. Please consult the local restaurant for details. (jiupai News)

CEO Wen Heyou responded that the heat of Shenzhen store subsided
Recently, a reporter visited Shenzhen wenheyou store and found that the flow of people decreased sharply. At night, it was the peak of consumption, but the doors of many stores were closed, and a store focusing on the retro style of the 1980s was in the state of withdrawal. Feng bin, CEO of wenheyou, responded that the themes and scenes of wenheyou in Shenzhen are being upgraded. At present, the merchants who withdraw their stores will replace them with new stores, and the overall upgrade will be completed around May 1 this year. (Beijing News)

The net profit of peach and plum bread decreased by 13.51% year-on-year to 760 million yuan
Taoli bread released its 2021 annual performance express after hours yesterday, saying that during the reporting period, the company achieved an operating revenue of 6.34 billion yuan, a year-on-year increase of 6.38%; The net profit was 760 million yuan, a year-on-year decrease of 13.51%. For the year-on-year decline in net profit, Taoli bread said that it was mainly due to the increase in product costs caused by the rise in the prices of some raw materials, and the sales discount rate in 2021 was higher than that in the same period in 2020. (company announcement)
LEGO food plans to set up a headquarters base in Zengcheng District, Guangzhou
Recently, Lego food announced that it plans to sign the input-output supervision agreement of LEGO food headquarters base project with the people’s Government of Zengcheng District, Guangzhou, and plans to invest in the construction of LEGO food headquarters base in Zengcheng District, Guangzhou, with a total investment of 2.051 billion yuan. LEGO food said that the company’s production resources in South China are relatively scattered. With the development of the company, there is a demand for production resources for modern and standardized plant layout, so as to improve production efficiency and give play to the synergy within the enterprise. (Beijing business daily)

Daily Youxian buys unmanned convenience service provider “downstairs”
Recently, daily Youxian confirmed the wholly-owned acquisition of Beijing downstairs Technology Co., Ltd. (hereinafter referred to as “downstairs”), and both parties have completed the acquisition procedures. After the acquisition, the daily excellent fresh convenience purchase is distributed in nine cities across the country, with more than 10000 high-quality points. It is reported that the sales form downstairs is mainly group vending machines, selling a variety of commodities including dairy products, fresh bread, stewed cooked food, beverages and snacks. (Interface)

UBS’s overseas China fund continued to reduce its holdings in Moutai, Guizhou

Yesterday, the reporter inquired about Morningstar data and found that UBS (Luxembourg) China selected Equity Fund under UBS continued to reduce its holdings in Moutai, Guizhou in December 2021. It is worth noting that in November 2021, the fund has reduced its position in Guizhou Maotai by 7.52%. After continuous reduction, Guizhou Maotai fell from the number one heavy position stock of the fund to the second largest heavy position stock. (China Securities Network)

Diechuan malt whisky distillery released the first year single barrel and launched private customized service
Yesterday, diechuan malt whisky distillery of Baole Ricard group in Emeishan, Sichuan Province announced that it would release the first year single barrel and launch private customized barrel selection service in January 2022. The number of private customized barrel selection services for the first year single barrel is limited, and only 100 barrels are limited in the world. Diechuan malt whisky distillery is the first malt whisky distillery invested by Pernod Ricard in China, which was officially put into operation in 2021. (issued by the company)

PepsiCo rushed to Xi’an

Yesterday, PepsiCo and the women’s foundation announced to donate 200000 Quaker cereals to Xiwei village, Weiqu street, Chang’an District, Xi’an City, which has a large number of migrant workers, to help local migrant workers and needy people tide over the difficulties and fight the epidemic together. It is reported that 12000 migrant workers and needy people are expected to receive Quaker nutritional products. (issued by the company)


Nestle contributes to the anti epidemic work in Tianjin

Recently, after learning that there was another epidemic in Tianjin, Nestle quickly coordinated its factories and warehouses in Tianjin, as well as its business departments such as Xu Fuji, coffee and candy, and organized corresponding donation work. The first batch of donated materials consists of 500 boxes of Nestle ready to drink coffee and 326 boxes of xufuji products. The first batch of donated materials were delivered to the epidemic prevention headquarters of Tianjin Economic Development Zone on January 11. (issued by the company)

Baby milk powder shortage in the United States

According to US media today, it has been difficult to buy baby milk powder in many parts of the United States for months. Retailers and milk powder manufacturers have admitted that there is a shortage problem. However, there are differences on the severity of the problem and who should be responsible. Wal Mart and CVs Health said that milk powder suppliers had supply problems. However, milk powder manufacturers said that the retailers did not put on the shelves in time. (Wall Street Journal)

Starbucks plans to nearly double its spending on diversified suppliers

Starbucks said yesterday that its spending on suppliers and manufacturers from North American minorities will nearly double to $1.5 billion by 2030. Starbucks’s chief global inclusiveness and diversity officer, Dennis Brockman, said the company believes that it can increase supply diversity by adjusting the global supply chain volatility brought by COVID-19 and seeking more cooperation with black people. (Reuters)


Domino cut promotional offers due to rising costs

Yesterday, the company said that inflation led to rising food costs, forcing it to reduce some promotional benefits in the United States in 2022. Richard Allison, CEO of the company, said at the ICR meeting that it is expected that the food cost in fiscal year 2022 will increase unprecedentedly compared with 8% to 10% in fiscal year 2021, an increase of 3 to 4 times that in previous years. (Reuters)

Budweiser cocktail start-up drinkworks is accused of facing bankruptcy
Recently, drinkworks, a cocktail start-up joint venture between Budweiser group and Keurig Dr Pepper, faced bankruptcy due to “disappointing sales performance”. Previously, Budweiser group has been seeking to expand its business outside the beer category in the United States. During the epidemic, bars and restaurants were closed and family prepared cocktails were developed. Budweiser group placed its hopes on preparing cocktails. However, the joint venture with Keurig Dr Pepper faced closure after only six months of operation. (The Drinks Business)

Constellation group will build a new brewery in Mexico

Constellation brands will build a new brewery in Veracruz, Mexico. This is part of the constellation group’s previously announced plan to invest $5 billion to $5.5 billion in Mexico by 2026. (Reuters)

Fonterra reduces milk harvest expectations
According to New Zealand media yesterday, due to severe forage growth conditions, Fonterra adjusted its annual milk collection forecast as of May 31 to 1.5 billion kg of milk solids, 25 million kg less than its initial forecast. (The Stuff)

Rosen will turn losses into profits in China from March to November 2021
According to the consolidated financial report from March to November 2021 recently released by Rosen, Japan, the net profit reached 24.3 billion yen, twice that of the same period last year. The operating profit was 38.6 billion yen, a year-on-year increase of 19%. In addition, Rosen’s average daily sales per store increased by 2%. In terms of overseas business, China’s business developed well, with a profit of 1.8 billion yen, while a loss of 188 million yen in the same period last year. (Nikkei Chinese website)

It is said that PepsiCo is preparing for the delivery of Tesla semi-automatic vehicle

According to US media recently, PepsiCo is preparing to accept the first batch of Tesla electric tricycles. Tesla Canada said that PepsiCo had begun to install Tesla super charger for its frito lay warehouse in Modesto, California. Last March, PepsiCo said it expected to deploy “15 electric tractors” by the end of 2021, but did not specify the manufacturer. (The Drive)

Danone North America will push more oat milk
this year

Danone North America announced yesterday that it will promote oat milk silk Oatmilk in the United States through new cooperation, and plans to launch more new oat milk products for catering services this year. According to the data from the plant based Foods Association, oat milk has jumped from a new type of plant beverage to one of the most frequently purchased categories in just two years, with a triple-digit growth in 2020. (issued by the company)

Quick reading of food industry information


Chunhua capital is considering the formation of SPAC, which is accused of or merged with consumer companies

According to Bloomberg, Chunhua capital and the investment subsidiary of ABC international are considering jointly establishing a special purpose acquisition company (SPAC) and seeking to list in Hong Kong. People familiar with the situation said that the fund-raising scale of the SPAC may reach hundreds of millions of dollars, or merge with a company in the consumer industry. At present, the investment banking department of ABC international and JPMorgan Chase are discussing and planning the IPO plan of SPAC. (Hong Kong Economic Daily)

CPI rose by 0.9% in 2021

According to data released by the National Bureau of statistics on the 12th, the national consumer price index (CPI) rose by 0.9% year-on-year in 2021, lower than the expected target of about 3% for the whole year. According to expert analysis, prices may continue to rise moderately in 2022, which has good support to maintain the stability of the overall price level. (Xinhua news agency client)

Korea’s instant noodles exports are high and sold to Chinese mainland for
at most.

According to Yonhap recently reported that the South Korean customs agency (customs) and the food industry reported on the 10th that South Korea exported US $607.9 million of instant noodles in the first 11 months of 2021, a year-on-year increase of 10.6%, setting a new record. The report mentioned that in view of the fact that food companies such as Nongxin and paldo set up factories overseas for real estate sales, the actual overseas sales of Korean instant noodles may be much greater than the export volume. From January to November last year, South Korea exported 133 million 420 thousand US dollars of instant noodles to the Chinese mainland and the highest export volume. (Zhongxin Jingwei)

China’s demand drives Australia’s export growth and China Australia trade develops in both directions

According to Aohua finance online news today, despite the rise in tariffs on red wine and barley, China is still the largest buyer of Australian goods. At the same time, China is increasingly becoming an important supplier of imported goods to Australia. It is reported that as of November, Australia’s trade exports to China reached a $179.6 billion, more than double that to Japan, its second-largest trading partner. In addition, China’s commodity exports to Australia continued to grow. The data showed that as of November, China’s commodity exports to Australia increased by 8.3%, reaching a record $89.8 billion. (Aohua Finance Online)

The compliance report of cross-border e-commerce going to sea was released for the first time

Today, the global emerging market cross-border e-commerce exchange of the China Pavilion Guangdong week of the Dubai World Expo hosted by the Guangdong Council for the promotion of international trade was held in Guangzhou. At the meeting, the Research Report on compliance of cross-border e-commerce going to sea and promoting the development of new foreign trade formats was released for the first time to encourage enterprises to carry out independent station business and establish their own brands. (Yangcheng Evening News)


Ma Huateng: Tencent is just an ordinary company and can be replaced at any time

At the employee conference at the end of 2021, Ma Huateng said that Tencent was just an ordinary company during the national social development and a beneficiary of the national development wave. It was not a basic service and could be replaced at any time. In the future, when serving the country and society, Tencent should not be absent, in place and offside, and be a good assistant and connector. (China business daily)

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