China Food

In response to the situation in Ukraine, many food companies reduced the full line of hi tea products to less than 30 yuan, Budweiser Asia Pacific greatly increased red bull distribution points, Yuanqi forest withdrew from Mountain Ghost catering, and Alibaba’s revenue growth slowed down again

Hot company information and announcement


Several food companies respond to the situation in Ukraine

On Wednesday evening local time, Dirk Van de put, CEO of Yizi international, said that if the tension becomes “too dangerous”, the company will close its factories in Ukraine. As a preventive measure, Yizi has also recently strengthened network information security. Carlsberg has closed its brewery in western Ukraine after the natural gas supply was cut off, a Carlsberg spokesman said today. Coca Cola’s bottler spokesman in Ukraine said today that the factory had been closed. Nestle said today that its business in Ukraine is going on as usual, but it is paying close attention to the situation and formulating plans to ensure the continued supply of products to consumers. Nestle has three factories and about 5000 employees in Ukraine. (Reuters)

Xi tea comprehensively lowered the price of drinks and announced that it would not increase the price this year

Today, Xi tea announced the completion of the comprehensive product price adjustment carried out since January this year. It will no longer launch new drinks of more than 29 yuan this year, and promised that the price of existing products will not rise this year. After the price adjustment, in addition to limited products in individual cities, surrounding areas, and a small number of products in lab stores and handmade stores, the product prices of mainstream stores of Xi tea have been comprehensively lower than 30 yuan, and the price is between 15 yuan and 25 yuan, and the products have accounted for more than 60% of all products of Xi tea. (issued by the company)

Share prices of catering stocks in Hong Kong fell

Today, Hong Kong Catering stocks, food stocks and tea drinking stocks fell. Among them, Naixue’s tea fell 7.15% to HK $6.49, jiumaojiu fell 5.01% to HK $17.84, Sipu Sipu fell 4.63% to HK $5.15, yum China fell 4.44% to HK $392 and Haidilao fell 4.15% to HK $18.48. (snack generation)

Haidilao responded to “labeling customers”

Recently, netizens said that Haidilao labels customers in the membership system. In this regard, Haidilao said that in order to continuously optimize customers’ personalized service needs, store managers can supplement customers’ personalized dining needs in the membership system. At the same time, Haidilao has continuously optimized the relevant contents since 2020, and explicitly prohibited any remarks on customers’ personal information such as physical features. (interface News)

Budweiser Asia Pacific significantly increased red bull distribution points

Today, Budweiser Asia Pacific announced its financial results for 2021. The report shows that in 2021, Budweiser Asia Pacific revenue reached US $6.788 billion (about RMB 42.855 billion), a year-on-year increase of 14.9%; The profit was US $2139 million (about RMB 13.504 billion), a year-on-year increase of 27.3%. In 2021, the sales volume of Budweiser Asia Pacific in China increased by 9.3% and the revenue per hundred liters increased by 7.9%. Among the fast-growing categories other than beer, Budweiser Asia Pacific has increased red bull’s distribution points by double digits. Budweiser Asia Pacific has also invested in missberry, a fast-growing ready to drink beverage brand. (company announcement)

Net profit of Zhujiang Beer ingredients increased by 7.42%

Yesterday, Zhujiang Beer released its 2021 annual performance express, with an estimated total operating revenue of about 4.538 billion yuan, a year-on-year increase of 6.79%; The net profit was about 612 million yuan, a year-on-year increase of 7.42%. In 2021, the sales volume of beer reached 1276300 tons, with a year-on-year increase of 6.41%. (company announcement)

JDB issued a statement clarifying the “resumption of implementation” information

Yesterday, JDB issued a statement to clarify the online information about the resumption of the implementation of 34 million yuan advertising contract between JDB and its two companies. The statement said that the contract case related to JDB and Shanyuan advertising had been terminated on January 29, 2022. At present, JDB and Shanyuan advertising have sent a letter to Beijing Daqing District People’s court to clarify the so-called “resumption of implementation” information. (issued by the company)

Change of legal representative of HEMA company

Tianyancha showed that on February 23, Shanghai HEMA Network Technology Co., Ltd. changed its industrial and commercial representative from Hou Yi to Shen Gang. The company was founded in June 2015 with a registered capital of about 649 million yuan. Its business scope includes food business, alcohol business, etc. (36 krypton)

After taking shares for more than one year, Yuanqi forest withdrew from the ranks of Mountain Ghost catering shareholders

Tianyancha app shows that recently, Shangui (Beijing) Catering Management Co., Ltd. has undergone a number of industrial and commercial changes. Yuanqi forest (Beijing) Food Technology Group Co., Ltd., which took shares at the end of 2020, withdrew from the ranks of shareholders, and the registered capital of the company was reduced to 112000 yuan. (36 krypton)

COFCO Coca Cola put into operation and expansion

Recently, COFCO Coca Cola (Jinan) Co., Ltd. is in the process of phase IV plant expansion project in Mingshui economic and Technological Development Zone. After the project is put into operation, the total storage and transportation capacity will reach 6.06 million TEUs, and the daily shipping capacity will be increased to 1 million TEUs. (Management Committee of Mingshui economic and Technological Development Zone)

JUNLEBAO tax benefits support innovation and upgrading

Wei Lihua, chairman and President of JUNLEBAO dairy group, said recently that last year, JUNLEBAO dairy Innovation Research Institute, with a total investment of 500 million yuan, has been put into use and will carry out scientific and technological research and development throughout the industrial chain, from forage planting, cow genetics and breeding, dairy technology innovation to new product development. Benefiting from the additional deduction policy of R & D expenses, the company enjoys tax relief of 16.32 million yuan. (State Administration of Taxation, Hebei Taxation Bureau)

The controlling shareholder of Jinjian rice industry was changed to Hunan grain group

Yesterday, Jinjian rice industry announced that Hunan grain group directly held 136932251 shares of Jinjian rice industry, accounting for 21.34% of the total share capital of the company, and Jinxia grain no longer held shares of the company. The controlling shareholder of the company was changed from Jinxia grain to Hunan grain group. (company announcement)

Part of the shares held by the controlling shareholder of Zhangzi Island were auctioned by the judiciary

Zhangzi Island recently announced that recently, the company received a notice from the controlling shareholder Zhangzi Island Investment and development center of Changhai County and learned that its 109.96 million shares of the company (accounting for 15.4631% of the total share capital of the company) will be publicly auctioned on the online judicial auction platform of Beijing property exchange from 10:00 on March 25, 2022 to 10:00 on March 26, 2022 (except for delay). The auction may lead to passive reduction of shareholders’ holdings. (Securities Times)

Price adjustment of Yangshao caitaofang people and products

Henan Yangshao Marketing Co., Ltd. recently issued a notice on the price adjustment of people and products in Yangshao Painted Pottery Workshop. According to the notice, from March 1, 2022, Yangshao caitaofang people and a full range of products (various market sales versions and five-star people and / or people’s rhyme products) will be increased by 10 yuan per bottle on the basis of the original ticket price. (Financial Associated Press)

Auspicious wonton won an exclusive investment of nearly 100 million yuan from tomato capital

Jixiang wonton, a chain operation enterprise mainly engaged in “Shanghai big wonton” and other traditional wonton categories, recently announced that it had completed an investment of nearly 100 million yuan, which was exclusively invested by tomato capital focusing on catering. This round of financing is mainly used to strengthen the supply chain construction of auspicious wonton, so as to create an efficient, cost-effective and flexible extreme supply chain. (I knew it early)

Moodles completes pre-A round of financing

Moodles, a food technology company, has recently completed a pre-A round of financing of tens of millions of yuan. This round is led by GGV capital, and all of its old shareholders, scenery capital and Renshan capital, follow up. The latest round of financing is expected to be used for the construction of flexible production intelligent manufacturing plant, which is expected to be officially put into operation in May this year. (36 krypton)

Fonterra raises milk price forecast

Fonterra announced today that it will raise the forecast range of pasture milk price in 2021 / 22 from NZ $8.90 to NZ $9.50 per kilogram of dry matter to NZ $9.30 to NZ $9.90. (company announcement)

Three Danone executives will be nominated as new independent directors

Danone announced that three senior executives would be nominated as new independent directors: Patrice louvet (President and CEO of Ralph Lauren), G é raldine picaud (CFO of Holcim) and Susan Roberts (Professor of nutrition at Tufts University and co director of tufts global obesity Institute). Gilles Schnepp, chairman of Danone, said they would bring experience and expertise in consumer goods, health and nutrition, sustainable development, finance and M & A. (company announcement)

Great John did not provide financial guidance for this year due to the epidemic

Today, great John released its fourth quarter results. Its profits and revenue were higher than expected, and its gross profit margin still improved under the challenges of the labor and commodity markets. In the quarter, the company’s revenue increased by 12.6% to US $528.9 million, of which the same store sales in North America increased by 11.1% and the international sales increased by 2.4%; Total costs and expenses increased by 9.0% to $490.7 million. The company did not provide financial guidance for 2022 on the grounds that the epidemic has brought continuous uncertainty. The company’s share price has fallen 20.4% in the past three months. (Dow Jones)

Suntory completed the cross-border coffee business sales of US $229 million

Clayton Utz has confirmed its position as legal adviser to Suntory beverage & Food Co., Ltd. (SBF), a global beverage company, which sold its fresh coffee business in Australia, New Zealand and Singapore to Japanese coffee giant UCC Holdings Limited. The total amount of the transaction is about US $229 million (about 1.45 billion yuan), including debt. (AUSTRALASIAN Lawyer)

KKR acquires a majority stake in refreshco

KKR, a global investment company, has signed an agreement to acquire a majority stake in refreshco group, a European soft drink bottle blower, for an undisclosed amount. (FoodBev)

Seoul food, a well-known kimchi manufacturer, was exposed to using rotten cabbage

South Korean media recently reported that Seoul food, a well-known kimchi manufacturer in South Korea, was exposed to using rotten cabbage and white radish to make kimchi. The company said on the 23rd: “immediately close the factory involved and have begun to investigate the reasons.” (World Wide Web)

Quick reading of food industry information


The list of unqualified capacity verification of national inspection and testing institutions in 2021 was published

In 2021, the State Administration of market supervision organized and implemented 18 capacity verification projects of national inspection and testing institutions, and assessed 29 inspection and testing parameters, involving food safety, electrical safety, building material quality, consumer product safety, ecological environment monitoring, material testing and other fields.

In the verification of the determination ability of folic acid in infant formula milk powder, the assessment sample is the infant formula milk powder customized according to the wet process. The dual concentration sample is used for assessment, and the assessment parameter is folic acid. A total of 107 inspection and testing institutions participated in the project. Among them, 101 were qualified and 6 were unqualified.

The inspection and testing institutions with unqualified capability verification results shall carefully find out the problems, analyze the causes, make rectification and technical verification, and submit the rectification and verification materials to the recognition and testing department of the State Administration of market supervision before April 30, 2022. The accreditation and testing department of the State Administration of market supervision will select some institutions for technical capability assessment and verification according to the rectification and implementation of relevant institutions. (General Administration of market supervision)

The income from online takeout accounts for about 21.4% of the income of the national catering industry

Recently, the National Information Center released the report on the development of China’s sharing economy (2022). According to the data, the transaction scale of the sharing economy market in 2021 was about 3688.1 billion yuan, a year-on-year increase of about 9.2%; The scale of direct financing was about 213.7 billion yuan, a year-on-year increase of about 80.3%. In addition, in 2021, the revenue from online takeout accounted for about 21.4% of the revenue of the national catering industry, an increase of 4.5 percentage points year-on-year. (China News Network)

General Administration of Customs: allow the import of wheat throughout Russia

According to the relevant laws and regulations of China and the supplementary provisions of the protocol on plant quarantine requirements for Russian wheat exported to China between the General Administration of Customs of the people’s Republic of China and the Ministry of agriculture of the Russian Federation, the import of wheat throughout Russia is allowed. (General Administration of Customs)

In 2021, 10900 cross-border e-commerce companies will be added

Data show that there are 33900 cross-border e-commerce related enterprises in China. In 2021, 10900 new companies were added, with a year-on-year increase of 72.20%. From the perspective of regional distribution, Guangdong ranks first with 9291 cross-border e-commerce related enterprises, and Zhejiang and Shandong have 3836 and 3207 respectively, ranking in the top three. (World Wide Web)

Alibaba’s revenue growth slows down again

Today, Alibaba announced its results for the third fiscal quarter ended December last year, with revenue of 242.58 billion yuan, slightly lower than the expected 244.912 billion yuan, a year-on-year increase of 10%; The net profit was 20.429 billion yuan, down 74%; The adjusted net profit was 44.624 billion yuan, higher than the expected 42.176 billion yuan, but still decreased by 25% year-on-year. Alibaba China’s business segment revenue increased by 7% year-on-year to 172.226 billion yuan, the cloud business segment revenue increased by 20% to 19.539 billion yuan, the local life service segment revenue increased by 27% to 12.141 billion yuan, and the international business segment revenue increased by 18% to 16.449 billion yuan.

In addition, Alibaba’s global annual active consumers reached about 1.28 billion in the 12 months to the end of last year, an increase of 43 million over the end of September last year. Among them, 979 million consumers came from the mainland market and 301 million consumers came from overseas, with a net increase of more than 26 million and 16 million respectively in a single quarter.

Today, Alibaba’s pre us share price fell 8% after releasing the slowest quarterly growth since its listing in the US in 2014. (CNBC, Hong Kong Economic Daily)

Tencent launched “net zero action” today

Today, Tencent began the “net zero action” and promised to achieve comprehensive carbon neutrality of its own operation and supply chain no later than 2030. At the same time, 100% green power will be realized no later than 2030. (issued by the company)

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

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