China Food

Unilever CEO’s salary increased significantly, Carlsberg suspended the release of performance expectations for the new fiscal year, oatly’s revenue increased by more than 50% last year, Yili’s revenue forecast for the first two months, and Nestle Yizi suspended its investment in Russia

Hot company information and announcement


Yili’s total profit increased by more than 20% in the first two months of this year

This evening, Yili announced that after preliminary accounting, from January to February 2022, the company achieved a total operating revenue of about 21.5 billion yuan, a year-on-year increase of more than 15%; The total profit was about 3.3 billion yuan, with a year-on-year growth rate of more than 20%. From January to February 2022, the company’s liquid milk, milk powder, dairy products and cold drinks businesses maintained a good growth trend. (issued by the company)

Oatly’s revenue grew by more than 50% last year

Oatly, a Swedish oat milk producer, announced its full year results yesterday. The company’s annual revenue in 2021 reached US $640 million, with a year-on-year increase of 52.6%, exceeding the company’s expectation; Sales, administration and other expenses increased by more than 1.1 times year-on-year to US $354 million, and finally recorded a loss of US $212 million, an increase of 2.5 times year-on-year. Among them, the revenue from the Americas increased by 79.8% year-on-year to about 180 million yuan, and the revenue from Asia increased by 136.5% to 127 million US dollars (Hong Kong Economic Daily)

McDonald’s era and China reach strategic cooperation

Today, the signing ceremony of strategic cooperation between times China and McDonald’s China was successfully held in times car town. Based on the investment cooperation reached in the past, the two sides will further establish cooperation in the development of community stores and jointly explore new community business models. The two sides will also jointly build marketing activities, create a community service ecosystem, and establish in-depth cooperative relations from the perspective of long-term strategic development. (issued by the company)

Revenue of Gujing tribute wine increased by 30% in 2021

Today, Gujing tribute wine announced that it will achieve a revenue of 13.271 billion yuan in 2021, a year-on-year increase of 28.95%; The net profit was 2.291 billion yuan, a year-on-year increase of 23.54%. (company announcement)


Wuliangye’s revenue is expected to increase by 15% in 2021

Yesterday, Wuliangye expected a total revenue of about 66.2 billion yuan in 2021, an increase of about 15% year-on-year; The net profit was about 23.35 billion yuan, a year-on-year increase of about 17%, mainly due to the continuous growth of the volume and price of the company’s core products. (company announcement)

Net profit of Yangyuan beverage increased by 30% in 2021

Today, Yangyuan beverage announced that during the reporting period, the company achieved an operating revenue of 6.906 billion yuan, a year-on-year increase of 55.99%; The net profit was 2.111 billion yuan, a year-on-year increase of 33.77%. (company announcement)


Keming food has spent 37.18 million yuan on repurchase

As of March 10, 2022, the number of shares repurchased by the company was 3.4776 million, accounting for 1.03% of the company’s current total share capital of 337 million shares, and the total amount paid was 37.1754 million yuan (excluding transaction costs). (company announcement)

Qixintian restaurant plans to be listed in Hong Kong

Recently, qixintian International Holding Co., Ltd. plans to sprint for Hong Kong stock listing. Qixintian restaurant focuses on seafood products led by crabs, which is characterized by “two meals in one pot”. In 2020 and the first three quarters of 2021, qixintian’s revenue was 1.426 billion yuan and 1.480 billion yuan respectively, and the corresponding net profit was 172 million yuan and 259 million yuan respectively. The company plans to open 300 stores in the next three years. At present, there are 256 stores. (Daily Economic News)

Chongqing beer senior personnel changes

Yesterday, Chongqing Brewery announced that it would hold the first extraordinary general meeting of shareholders in 2022 on March 14, proposed to elect Leo Evers to replace Roland Arthur Lawrence Carlsberg heavy beer as a director, and nominated Gavin Brockett as a director candidate in the by election of the ninth board of directors. (company announcement)


Yuanqi forest “mining” completed brand upgrading

Recently, Yuanqi forest’s natural soft mineral water brand “youkuang” has completed a new round of brand upgrading: it has launched a new package of “Diamond bottle” and released the brand symbol with the Chinese character “stone” as the prototype. According to relevant sources, the new packaging of the “Diamond bottle” of the mine began to shop on a large scale in the national offline channels at the beginning of this month, and will land on the e-commerce platform in mid March. (titanium media)


Nongfu mountain spring promotes “steam tea” products again

Recently, Nongfu mountain spring launched a new product of “steam tea”. This is a low sugar carbonated tea drink. The sweet source is white granulated sugar, erythritol, xylitol, etc. The products have three flavors: Baixiang oolong, green orange Pu’er and yellow jasmine. At present, the products are on sale in tmall’s official flagship store, and the e-commerce price is 19.9 yuan / 2 bottles. (titanium media)


Unilever CEO salary rose by more than 40% last year

After the company exceeded its growth target, Unilever proposed a 42% pay rise to nearly £ 5 million to chief executive Joe Anlu last year, up from € 3.4 million the previous year. According to Unilever’s annual report released on Wednesday, his above-mentioned salary is composed of cash and stocks. Last year’s salary increase was mainly due to the sharp increase of his bonus. (Financial Times)

Carlsberg suspended the release of performance expectations for fiscal year 2022

Carlsberg said late Wednesday that due to the uncertain impact of Russia and Ukraine on the business and the possible indirect impact on other departments of the group, Carlsberg had suspended the release of performance expectations for fiscal 2022 and warned of possible impairment and write downs. The Russian and Ukrainian markets account for about 13% of Carlsberg group’s revenue in fiscal year 2021 and contribute 9% to operating profit. Although only limited business impact is seen in other markets, the rise of commodity and energy prices will bring pressure. (Wall Street Journal)

Nestle and Yizi suspended investment in Russia

Yesterday, Nestle, the world’s largest food manufacturer, and Yizi international, a retail giant, said they would suspend investment in Russia, but would sell necessities there as usual. (Reuters)

Great John suspended business in Russia

Recently, great John said that he had suspended all business in Russia and said that he might record an impairment charge of about US $15 million at one time. (Wall Street Journal)

Nestle invested 675 million US dollars to build a factory in the United States

Nestle US said yesterday that it plans to invest in a $675m plant in Glendale, California, to produce creamers, including oatmeal based creamers, for coffee partners, Starbucks and other brands. The plant is expected to bring 350 jobs within two years. (azcentral)

Nestle released the results of the transition to a “climate friendly” food system

Yesterday, in the “creating shared value” section of the annual review and the complete “creating shared value and sustainable development report”, Nestle talked about how to promote a fair transition to a “climate friendly” and “nature for the better” food system. In the past two years, Nestle has reduced its absolute greenhouse gas emissions, while its business growth remains strong. For example, the company has reduced emissions of 4 million tons of carbon dioxide equivalent by switching to renewable electricity or strengthening the use of natural fertilizers in agriculture. Nestle has removed 9.7 million tons of carbon dioxide equivalent emissions from the value chain through nature based solutions. (issued by the company)

The Australian government threw hundreds of millions, and plant protein became a hidden investment hotspot

Recently, Australia announced a $113 million funding plan to support large-scale production expansion projects led by Australian plant proteins. App will cooperate with AMG and invest more than 378 million Australian dollars to build three plant protein production plants to supply domestic and international markets. (Aohua Finance Online)


The revenue of Campbell soup was lower than expected, and the interference of supply chain damaged the profit

Campbell soup, a US canned soup manufacturer, announced yesterday that its profit in the second quarter of the fiscal year fell 13% year-on-year to $212 million; Revenue fell 3% to $2.21 billion, lower than market expectations. The company said the strong demand for COVID-19’s products has eased, and the supply chain interference problem has led to a marginal profit margin of 34.4% down to 30.3%. Jinbaotang estimates that high inflation will last for some time. (Xinbao)

Quick reading of food industry information


CPPCC member sun Baoguo: promoting the recycling of food packaging materials

Sun Baoguo, member of the National Committee of the Chinese people’s Political Consultative Conference, academician of the Chinese Academy of engineering and President of Beijing University of technology and industry, said in an interview with Xinhuanet that he suggested to improve the relevant laws and regulations on recycling in the industrial chain, such as further clarifying the provisions on the classified recycling and reuse of food contact packaging wastes, and clearly encouraging the original recycling of food contact metal packaging. At the same time, In terms of tax policy, reduce the overall tax burden and cost of the industry. (Xinhuanet)

JD’s revenue increased by 27.6% in 2021

E-commerce giant today announced its results for the fourth quarter and the whole year of last year. JD’s revenue in the last quarter was about 275.908 billion yuan, a year-on-year increase of 23%, higher than the expected 274.94 billion yuan; The listed loss was 5.2 billion yuan, and the adjusted profit was 3.565 billion yuan, a year-on-year increase of 50%, higher than the expected 2.561 billion yuan. Jingdong’s annual revenue increased by 27.6% to 951.6 billion yuan last year, of which commodity revenue increased by 25.1% to 815.655 billion yuan, while service revenue increased by 44.7% to 135.937 billion yuan.

JD also said that it had recently completed the merger of dada group. (Hong Kong Economic Daily)

Alibaba establishes carbon energy management company

On March 10, Hangzhou zhongcarbon Energy Management Co., Ltd. was established. The legal representative is Yang Lingye, with a registered capital of 10 million yuan. Its business scope includes: research and development of carbon emission reduction, carbon conversion, carbon capture and carbon storage technologies; Energy saving management services, etc. The equity penetration of enterprise inspection shows that the company is 100% controlled by Alibaba (China) Co., Ltd. (Beijing News)

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

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