China Food

Yang Guofu submitted an IPO application in Hong Kong, Haidilao was included in the negative watch list of rating by S & P, Goubuli established a coffee food company, and Nestle completed the acquisition of vital proteins


Hot company information and announcement

 

Yang Guofu submits Hong Kong IPO application

 

Yesterday, Shanghai yangguofu enterprise management (Group) Co., Ltd. submitted a listing application to the Hong Kong stock exchange. As of September 30, 2021, its brand has 5783 stores, with revenue exceeding 1.1 billion yuan and gross profit exceeding 300 million yuan. According to relevant data, as of December 31, 2020, Yang Guofu Malatang ranked first in China’s Chinese fast food market and Malatang market according to the total amount of commodity transactions and the number of stores in the current year. (company announcement)

Haidilao was put on the negative watch list of rating by S & P

Standard & Poor’s international, a credit rating agency, said today that it included the long-term main credit rating “BBB” of chain hot-pot/" 22375 rel="nofollow" target="_self">hot pot longhaidilao and the long-term debt rating “BBB” of its outstanding senior unsecured bonds in the negative credit watch list because S & P believed that there was increasing uncertainty about whether Haidilao could reduce its financial leverage to less than 1.5 times in 2022. (Reuters)

China Red Bull issued the original statement of the agreement

Today, China Red Bull’s official wechat released the statement on the original 50 year agreement of China Red Bull. The statement said that our company had received the Supreme People’s Court (2020) supreme law Minzhong No. 394 judgment on December 31, 2020. In this judgment, because “Red Bull company failed to provide the original of the agreement (i.e. the 50 year agreement)”, it was found that the authenticity of the agreement was in doubt, and our appeal was rejected. Now our company has officially submitted the original of this agreement to the Supreme Court as an important basis for the retrial of this case. (issued by the company)

 

Qiaqia food’s net profit increased by 15.52% last year

 

Yesterday, Qiaqia food released a performance express. In 2021, the total operating revenue was 5.985 billion yuan, an increase of 13.15% over the same period of last year; The net profit attributable to shareholders of listed companies was 930 million yuan, an increase of 15.52% over the same period of last year. (company announcement)

 

New fruit planting within the business scope of Xicha affiliated company

 

Tianyan check shows that recently, Shenzhen maixing Technology Co., Ltd. has undergone industrial and commercial changes, and its business scope has increased fruit planting. The company was established in January 2019, and its legal representative is Liu Zhichao, with a registered capital of 300000 yuan. It is indirectly wholly-owned by Xicha (Shenzhen) Enterprise Management Co., Ltd. (36 krypton)

 

Tianjin Goubuli establishes coffee food company

 

Tianyancha showed that on February 22, gaoleya coffee food (Tianjin) Co., Ltd. was established, with the legal representative Zhang Yansen, the registered capital of 500000 yuan, and the business scope includes food sales; Sales of daily necessities; Catering management, etc. Shareholder information shows that the company is wholly owned by Tianjin Goubuli Food Co., Ltd. (36 krypton)

 

Konica Minolta cross border Costa push package

 

From February 17 to 19, Konica Minolta and Costa made the first cross-border attempt for end consumers and launched the “workplace vitality buff package”, which linked more than 400 stores across Costa to participate in the activity. (issued by the company)

 

Budweiser China leads the world in water saving rate

 

At present, the Putian factory of Budweiser Xuejin Beer Co., Ltd. has an annual output of 2 million tons of beer. For each ton of beer, it only needs about 2 tons of water. The water-saving rate of beer production is at the leading level in the world. While ensuring the high quality of production water, the factory recovers some low-quality water produced in water treatment, and then uses it for equipment cooling and cleaning. With this alone, the new plant can save 450 tons of water every day and about 140000 tons of water every year. (Fujian daily)

 

Bubs’s total revenue in the first half of the year increased by 73% to a $38.5 million

 

Today, bubs released its report for the first half of fiscal year 2022. Bubs returned to normal in the fiscal year, with strong revenue growth in the first half of the year. For the six months ended December 31, bubs reported a 73% increase in total revenue to a record $38.5 million. This is mainly driven by China’s demand for its infant formula. The management expects moderate growth in the second half of the year. (The Motley Fool)

 

Nestle Health Sciences completed the acquisition of collagen brand vital proteins

 

Yesterday, nutrition science company Nestle Health Sciences (NHS) announced the completion of the acquisition of collagen brand vital proteins. Vital proteins is a well-known collagen brand in the United States. It is also a lifestyle and health platform providing supplements, beverages and food. The addition of vital proteins is an excellent complement to Nestle’s Health Sciences business. (FoodTalks)

Nestle’s investment in Brazil will nearly double in 2022

 

Nestle said yesterday that its investment in Brazil would nearly double in 2022. Nestle will build a new pet food factory and seek to expand its overall industrial capacity in the reformed area. The annual investment plan is expected to reach more than 1.8 billion reais (about 225 million yuan), higher than 939 million reais in 2021. (Reuters)

 

GlaxoSmithKline founded consumer health company haleon

 

Yesterday, GlaxoSmithKline announced that it plans to set up haleon, an independent consumer health company, in mid-2022, to be listed on the London Stock Exchange. The announcement on the official website also announced a series of personnel appointments of the new company. Dave Lewis was appointed as the non-executive chairman of the independent consumer health company, Brian McNamara as the CEO, Tobias hestler as the CFO, Dana Bolden as the director of global affairs and Keith Choi as the director of Asia Pacific. (fbif food and beverage innovation)

 

Kraft Heinz joint venture to accelerate plant-based innovation

 

Yesterday, kafheinz announced that it would establish a joint venture with the notcompany. The joint venture will give full play to the inherent advantages of the two companies. Notco provides its first patented technology and proven artificial intelligence solutions, while Kraft Heinz provides its iconic brand portfolio and scale to quickly develop excellent plant-based co branded products. (issued by the company)

 

Yizi International released long-term growth strategies for Asia Pacific and other places

 

Yesterday, Yizi international explained the strategy of Asia Pacific, Middle East and Africa. The company plans to increase brand penetration and expand the product portfolio of chocolate and biscuit core snack categories, continuously deepen distribution and promote channel exposure to enter the blank market. Yizi also demonstrated its strategy in India and China, the two fastest-growing markets in the region. (issued by the company)

 

Kraft Heinz reiterates its profit forecast for this year

 

Yesterday, kraft Heinz reiterated that it expected adjusted EBITDA in 2022 to be between $5.8 billion and $6 billion, reflecting the impact of divestiture compared with the previous year, strong organic net sales and the company’s continued efforts to manage inflationary pressures. (issued by the company)


Quick reading of food industry information

 

Brazilian coffee exports hit a new high in recent years

 

According to the data released by the Brazilian coffee Exporters Association, in 2021, Brazil exported 40.4 million bags of coffee (60 kg per bag) to 122 countries and regions, with an export volume of more than US $6.2 billion, a year-on-year increase of 10.3%, a new high in recent seven years. (people’s daily)

Who report: milk powder manufacturers still use radical marketing methods

According to a new who report, although one of its guidelines recommends that countries effectively regulate promotional activities, infant formula manufacturers still use radical marketing methods that may hinder breastfeeding. China is the world’s largest milk powder market, and the report indicates that 97% of mothers have become marketing targets. At present, only 25 countries have fully implemented the code as law. In China, regulators have been cracking down on irresponsible advertisers. (Reuters)


1 million hungry food safety labels were put on the Zhejiang market

 

From February 22 to 23, nearly 100 catering merchants in Hangzhou received a special “gift”: hungry? Customized “takeout seal”. The market supervision department and takeout platform staff who sent the seal to the door also explained in detail the use specifications and precautions of the seal to the takeout operators. On December 29, 2021, the market supervision bureau of Zhejiang Province issued the guidelines for the standardized use of food and beverage takeout seals, which made it clear that from March 2022, food and beverage merchants who do not use “takeout seals” will be punished accordingly. (Hangzhou Daily)

Alibaba responded that its Southeast Asian e-commerce lazada would be stripped off

According to relevant media reports, Alibaba Group has negotiated with investors to raise at least US $1 billion for its Southeast Asian e-commerce platform lazada. Meanwhile, Alibaba also plans to spin off lazada to prepare for its potential initial public offering (IPO). However, the trip failed in the end. In this regard, Ali said, “will not publicly respond to this matter.” Bloomberg quoted market sources as saying that Alibaba planned to raise at least $1 billion for lazada before lazada’s IPO, but backed down after failing to meet its expected valuation. (Financial Associated Press, Bloomberg)

Amazon filed a lawsuit against two false comment intermediaries

Amazon said it had filed a lawsuit against so-called false comment intermediaries, who arranged to publish incentive and misleading product reviews in exchange for money or free products. The online retail giant said the lawsuits were aimed at closing two major false comment intermediaries, appsally and rebatest, which misled shoppers by letting their members try to post false comments in stores such as Amazon, eBay, Walmart and Etsy. (Wall Street Journal)

Vipshop expects a quarter or zero growth

Vipshop announced today that its net profit in the previous quarter was 1.8 billion yuan, a year-on-year decrease of 30.1%. During the period, the net income recorded 34.1 billion yuan, a decrease of about 4.7%. Vipshop expects a net income of 27 billion to 28.4 billion yuan in the first quarter of this year, which means zero growth or a year-on-year decrease of 5%. (Hong Kong Economic Daily)

Pay attention to “snack generation” (wechat: foodinc) “and watch the wonderful news.

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