China Food

Ruixing was accused of considering going to Hong Kong for listing, Fonterra lowered the purchase price of raw milk, Jay Chou sued Shanzhai milk tea, KFC’s night snack, the release of new regulations on student milk, and the deterioration of milk powder shortage in the US market

Hot company information and announcement


Ruixing was accused of considering listing in Hong Kong


According to the South China Morning Post, a local media in Hong Kong, Ruixing coffee plans to be listed in Hong Kong. Previously, Ruixing was expelled by Nasdaq. After two years of debt restructuring with creditors, the company got rid of the bankruptcy order last month. Ruixing expanded its stores to more than 6000 by the end of last year. (South China Morning Post)

Ruixing 51 has added more than 60 new stores
across the country

According to the official wechat of Ruixing coffee today, during May Day, Ruixing coffee successively opened more than 60 new stores in more than 40 cities across the country, including Yinchuan, Chenzhou and Dazhou, many of which were the first stores of Ruixing. (issued by the company)

V2 vegetable meat enters Rosen convenience store

Vegetable meat company v2food announced today that it has opened a partnership with Shanghai Rosen convenience Co., Ltd. a new vegetable stewed beef flavor package containing V2 vegetable protein meat was listed in some Rosen convenience stores in Jiangsu and Zhejiang today. At the same time, the products will also be sold in whole bags online at Rosen convenience store in Shanghai. After most stores resume normal operation, 2300 stores in Jiangsu, Zhejiang and Shanghai will be launched one after another. (issued by the company)

Huasen pharmaceutical: the special medical food production line is expected to be completed in June this year

Recently, Huasen pharmaceutical said during institutional research that its special medical food production line is expected to be completed in June this year, and the special medical food project under research can be transferred to the production base for pilot scale-up. It is reported that the company’s self-developed special medical food is currently in the pilot stage, and it is expected to get the first production approval of special medical food within three years. (36 krypton)

Jay Chou sued Shanzhai Maiji milk tea for violating the right of portrait

Recently, Shanghai Dacheng Industrial Co., Ltd. announced a new court session. The cause of action is a dispute over the right of portrait, and the plaintiff is Jay Chou. It is reported that the company launched the investment promotion advertisement of bottled ready to drink milk tea, using the name of Maggie without authorization, and using the image of Jay Chou on the outer packing box. After the exclusive operation right of milk tea brand “Maggie” and “machimachi” in the mainland, Shanghai Maggie catering management Co., Ltd. confirmed that the company’s investment promotion was counterfeit products. (Yangzi Evening News)

“Claw” completed a + round of financing of nearly 100 million yuan


Hainan coffee brand xiaoyangqiao won ten million yuan Angel round investment

Recently, Hainan xiaoyangqiao Technology Co., Ltd., a Hainan coffee industry enterprise with the exclusive consultant of Hainan free trade port financial development center, obtained an angel round of financing of RMB 10 million. This round of financing was led by Baoxu capital and participated by professional investors. (Hainan Daily)


Suvla Suvla milk treasure under Aoyou

Today, Aoyou announced on the wechat official account that soforla, its professional nutrition brand, has launched Suvla “milk treasure”, which is a probiotic prebiotic lactase prepared milk powder. (issued by the company)


KFC’s new snack menu


Fonterra lowered the purchase price of raw milk

Fonterra said today that China’s closure, the conflict between Russia and Ukraine and the economic crisis in Sri Lanka have affected the global demand for dairy products. It lowered the middle price of the forecast range of raw milk purchase price in 2021 / 2022 from NZ $9.60 per kilogram of milk solid to NZ $9.30 per kilogram of milk solid. Despite the reduction, the expected purchase price of raw milk will still reach a record high. Fonterra said: “although the long-term prospect of dairy products is still good, and we expect the global supply and demand situation to become more balanced for the rest of this year, we have seen the short-term impact of these factors reflected in prices.” (Wall Street Journal)

Tyson raised its annual sales forecast


American Meat giant Tyson Foods raised its full year sales forecast today. The previous surge in meat prices helped Tyson’s revenue and profit exceed expectations in the last quarter. Tyson now expects annual sales to be between $52 billion and $54 billion; Last quarter sales increased to $13.12 billion from $11.3 billion in the same period last year, exceeding the expected $12.85 billion. (Reuters)

Analysis and estimation of net income
from Danone Mengniu case

For the transactions that Danone announced last Friday involving Mengniu and Yashili, investment bank stifel estimated in its latest report that the net income of the three related transactions was about 60 million euros, which will be used to reduce Danone’s debt; The transaction simplified the company’s balance sheet, strengthened Danone’s professional nutrition strategy and released additional funds. The bank also believes that the deal reflects Danone’s CEO’s plan to rotate 10% of its product portfolio. (capital)

Milk powder shortage worsens in the US market

According to US media, the local continuous shortage of infant formula has not ended and seems to be worsening. According to datasembly’s analysis, nearly 40% of popular infant formula brands sold out at retailers across the United States in the week beginning April 24. Datasembly said this was up from the 31% shortage rate that had been high two weeks ago. Major retailers, including CVs, target and Walgreens, are limiting the amount of formula consumers can buy. (USA Today)

Quick reading of food industry information


New changes in the management measures of “student milk drinking plan”

On May 6, the revised version of the national measures for the promotion and management of the “student drinking milk plan” was issued and shall enter into force as of the date of promulgation. It was mentioned that the application conditions for the use of Chinese students’ drinking milk Mark License were abolished, and the requirement of engaging in liquid milk production for more than three years was cancelled. At the same time, the following requirements were added: having the processing technology and process conditions for the production of students’ drinking milk products, establishing the distribution and supply system of students’ drinking milk, having a certified source base of students’ drinking milk, and having no bad credit record within three years before application. (Dairy Industry Development Department of China Dairy Association)


Zhaoqing, Guangdong: 1 billion yuan fund to boost the development of prefabricated vegetable industry

Yesterday, the construction of prefabricated Vegetable Industrial Park in Guangdong, Hong Kong and Macao Dawan district (Zhaoqing Gaoyao), with a total planned land of 7000 mu, started. It is reported that the prefabricated vegetable industry fund agreement was signed at the launching ceremony. The fund was signed and established by Zhaoqing Gaoyao construction investment and development group and Guangdong Hezhi Investment Management Co., Ltd. It is the first prefabricated vegetable industry fund initiated by the local government in Guangdong Province, with a scale of 1 billion yuan, and will focus on the upstream and downstream related industries of prefabricated vegetables. (China Securities Network)

By 2025, the total output of dairy products in Shandong Province is expected to reach 3.3 million tons

Recently, the animal husbandry bureau of Shandong Province issued the action plan for the high-quality development and improvement of dairy industry in Shandong Province during the 14th five year plan, which proposed that by 2025, the total output of dairy products will reach 3.3 million tons, the proportion of more than 100 large-scale breeding will reach about 95%, the proportion of grass and livestock supporting and the combination of planting and breeding in large-scale farms will be significantly increased, the input cost of forage will be further reduced, the level of modern facilities and equipment of farms will be greatly improved, and the annual average unit yield of lactating cattle will reach about 9.5 tons. (Dazhong daily)

Beijing has implemented social insurance premium deferment for five industries including catering

Today, the Beijing Municipal Bureau of human resources and social security, together with nine departments including the State Administration of Taxation, the Beijing Municipal Bureau of Taxation and the Beijing Municipal Bureau of finance, jointly issued a notice to implement three social security deferred payment policies for enterprise employees’ basic endowment insurance, unemployment insurance and work-related injury insurance for enterprises in the catering, retail, tourism, civil aviation and highway and railway transportation industries. Enterprises and units that comply with the deferred payment policy can apply for deferred payment of the basic old-age insurance premiums for enterprise employees from April to June 2022, and the unemployment insurance and industrial injury insurance premiums from April to October 2022. (Xinhua News Agency)

General Administration of Customs: the total value of foreign trade import and export in the first four months increased by 7.9% year-on-year

The General Administration of Customs announced today that the total value of China’s foreign trade import and export in the first four months of this year was 12.58 trillion yuan, a year-on-year increase of 7.9%. Among them, the export was 6.97 trillion yuan, a year-on-year increase of 10.3%; Imports amounted to 5.61 trillion yuan, an increase of 5% year-on-year. (CCTV)

The contribution rate of final consumption expenditure to economic growth in the first quarter reached 69.4%

People’s Daily reported yesterday that in the first quarter, China’s total retail sales of social consumer goods reached 10.9 trillion yuan, a year-on-year increase of 3.3%; The contribution rate of final consumption expenditure to economic growth reached 69.4%, which is the first driving force of economic growth. (people’s daily)

Business activities in Shanghai have gradually resumed

Recently, Shanghai issued the notice on accelerating the resumption of business and trade enterprises in this city, and enterprises in the field of business and trade have gradually promoted the resumption of work and production. It is reported that as of May 5, 1193 of the 1626 stores in 12 key supermarket chains in Shanghai have resumed business, of which 220 have resumed offline business. Catering enterprises have also opened the “online business” mode. (Xinhua News Agency)


The name change of bytewo head office to “Tiktok group” triggered speculation about listing

Rumors about the listing of mainland science and technology enterprises with social platforms such as “Tiktok” and “tiktok” continue. According to the data, including the main business holding company in the mainland, Beijing byte beating technology, many companies in the group named byte beating have recently changed their names to “Tiktok”, while the head office has changed its name to “Tiktok group”. Some analysts believe that it is related to the byte beating or the consideration of reorganizing Tiktok and other businesses for listing in Hong Kong. (Ming Pao)


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

Similar Posts

Leave a Reply

Your email address will not be published.