Author: Xiaoshidai Integration
Today's Takeaways
- Shenzhen McDonald's and Shenzhen Railway Commercial reached a strategic cooperation alliance
- Advent Capital and others plan to acquire the equity of Shandong Pet Food
- Part of Dongpeng Beverage's fundraising projects are planned to be postponed
- Shanghai provides legal popularization and compliance guidance for coffee companies
- Pinduoduo's price comparison system evolves again
Nestlé launches a new sustainably sourced chocolate brand
The latest company news
Want Want full-year net profit increased by 18% year-on-year
Today, Want Want announced its annual results. In the year ended March 31, the company's revenue was 23.59 billion yuan, a year-on-year increase of 2.9%; Profit attributable to equity holders was 3.99 billion yuan, a year-on-year increase of 18.4%. The gross profit margin was 46.6%, a year-on-year increase of 2.7 percentage points, mainly due to the decline in the prices of some bulk raw materials and packaging materials, and the optimization of production and employment strategies. In terms of products, revenue from dairy and beverages increased by 7.4% year-on-year to RMB11.96 billion, with revenue from rice crackers growing by 2.3% to RMB5.98 billion, benefiting from the continuous growth of overseas markets and emerging channels, and revenue from snack food falling by 5.5% to RMB5.5 billion. In addition, the revenue of the confectionery sub-category hit a record high. Want Want also said that during the period, the revenue of vending machines, OEM channels, and overseas markets all maintained double-digit growth; The company's continuous investment in product R&D and innovation has resulted in new products launched in the past five years accounting for a double-digit proportion of the Group's total revenue in FY2023. (Company Release)
Manner Coffee's "one-person shop" may be adjusted in the future
Yesterday morning, the law enforcement brigade of the Shanghai Jing'an District Human Resources and Social Security Bureau conducted an on-the-spot investigation of Manner Coffee, and the law enforcement department responded to a reporter from Nandu: "The company (that is, Shanghai Inhe Industrial Co., Ltd., the parent company of Manner Coffee") said that it implements comprehensive working hours on a quarterly cycle, arranges holidays and pays overtime according to regulations. The company said that there was no failure to sign a labor contract, failure to pay social security and deduction of overtime pay. The law enforcement brigade of our bureau has requested the unit to submit written materials as soon as possible, and further verification is underway. In response to a question raised by a reporter from Nandu, Manner's staff in charge of media affairs said: "We may adjust the 'one-person store' in the future, but this is a very complex operational problem, and it is not possible to add from one person to two people immediately." (Southern Metropolis Daily)
Tea and beauty set up a consolation fund of up to 5,000 yuan for front-line employees
A few days ago, the topic of "the highest consolation money for employees' grievances is 5,000 yuan" sparked heated discussions. Yesterday, the relevant person in charge of Chayan Yuese confirmed that the brand began to set up a first-line grievance consolation fund. "When front-line employees are under pressure from customers beyond their control, especially when the service quality of the brand is not improper, so they encounter grievances, abuse, intimidation, etc., the company will issue a bonus of 500-5000 yuan and an additional 1 to 3 days of paid vacation depending on the actual situation." (Business Things)
Shenzhen McDonald's and Shenzhen Railway Commercial reached a strategic cooperation alliance
Today, Shenzhen McDonald's and Shenzhen Railway Commercial held a signing ceremony for the strategic alliance of "Ten Stores Jointly Opened" in the Super General International Conference Room of Shenzhen Bay Ruiyun Center. According to the agreement, the two parties will work together to create a new dining experience in the subway commercial space, including McDonald's Shenzhen will open 10 new stores in the Shenzhen Railway commercial space, and add breakfast cars or other forms of sales points in 30 subway stations to meet the dining needs of citizens on the way to work and travel, and further enhance the comprehensive service capacity of the subway commercial space. (Company Release)
China Foods proposes to appoint auditors for 2024
Today, China Foods announced that following the retirement of PricewaterhouseCoopers (Note: PricewaterhouseCoopers in the Mainland), the Board of Directors has resolved to recommend the appointment of Baker Tilly Hong Kong Certified Public Accountants Limited ("Baker Tilly Hong Kong") as the new auditor for 2024 until the end of the next annual general meeting of the Company to be held in 2025. (Company Announcement)
Part of Dongpeng Beverage's fundraising projects are planned to be postponed
Today, Dongpeng Beverage held a meeting of the board of directors and agreed that the company will postpone the date when the fund-raising projects "Nanning Production Base Phase II Construction Project" and "R&D Center Construction Project" reach the scheduled usable state. For the former, Dongpeng Beverage said that the company took the initiative to slow down the pace of expansion, resulting in the project not being completed within the scheduled time as originally planned; For the latter, the extension will provide the company with additional time to ensure that every aspect of the project meets the expected standards, while allowing the company to better adapt to market changes and optimize resource allocation. (Company Announcement)
Fonterra executives say China's milk production is still growing
Yesterday, according to Australian media reports, René Dedoncker, managing director of Fonterra Oceania, said at a local breakfast meeting that the decline in milk prices this season is not surprising to the vast majority of suppliers, and one of the main factors is the growing (milk supply) in China's domestic market. He said that China's milk production has increased by 8 billion litres, and although market prices have fallen, the industry will continue to grow with investment, which has reduced China's import demand. （dairynewsaustralia）
Oatly's former CEO has taken on a new role
Yesterday, Berlin-based organic food business KoRo announced that Toni Petersson, former CEO of Oatly, has become the newest member of KoRo's advisory board. KoRo noted that Toni has more than 12 years of leadership experience at Oatly, having led the company's transformation and successful IPO. Toni Petersson said he was eager to bring Oatly's experience to KoRo, and praised KoRo's unique omnichannel approach that perfectly aligns with modern consumer demand for healthy products. (Company Release)
Nestlé Health Science launches GLP-1 nutritional support platform in the United States
Today, Nestlé Health Science announced that it has launched "www.glp-1nutrition.com" for U.S. consumers, a platform that addresses consumers' needs for nutritional solutions in their weight loss journey, and which is said to provide comprehensive support to those using GLP-1 drugs. Anna Mohl, chief executive officer of Nestlé Health Sciences, said that the number of people receiving GLP-1 weight loss therapy is increasing, and Nestlé's brand and expertise span the entire portfolio to meet a variety of needs, including maintaining muscle mass, controlling indigestion, supporting adequate daily micronutrient intake, and more. (Company Release)
Heineken temporarily closed a brewery in Vietnam due to declining sales
Due to the decline in beer sales in the Vietnamese market, Heineken decided to "temporarily close" one of its breweries in Vietnam. Located in Quang Nam province in central Vietnam, the plant is one of Heineken's six factories in Vietnam and the smallest in Vietnam. Yesterday, Heineken said that the move is to optimize production and business, and is seeking efficiency and economies of scale to streamline operations in the Vietnamese market. （just-drink）
Britvic suspended share buybacks due to Carlsberg's takeover offer
Today, British soft drink producer Britvic said it would suspend a £75 million share buyback program in light of a takeover offer from Danish brewer Carlsberg. Britvic last week rejected a £3.11bn offer from Carlsberg. Carlsberg is considering a variety of options. (Reuters)
Glico will raise the price of 20 types of chocolate confectionery from September
Egazaki Glico recently announced that it will raise the prices of 20 kinds of chocolate candies in the Japanese market, including "GABA" and "LIBERA", from September 1. The price increase is between 9 and 15 per cent, as it is "very difficult" to absorb the problem through rationalization and efficiency improvement due to the soaring prices of raw materials such as cocoa beans, sugar and vegetable oils, as well as rising energy costs. (Nikkei)
AEON will accept 4,000 foreigners with specified skills to work in Japan
By FY2030, AEON will accept 4,000 foreigners with "Specified Skills" qualifications through its companies, and will also have them work in food supermarkets (which can be done by foreigners due to the expansion of the admission system by the Japanese government), increasing the number of foreigners to the largest number of Japanese companies. Currently, the AEON Group employs about 1,500 foreigners with specific skills qualifications, mainly working in food factories. (Nikkei Chinese Net)
Investment and financing
Advent Capital Holding Co., Ltd. and others plan to acquire the equity of Shandong pet food enterprises
Yesterday, the acquisition of the equity of Shandong Shuaike Pet Products Co., Ltd. by AIC Parent, Inc. and Boyu Phase IV (Xiamen) Equity Investment Partnership (Limited Partnership) began to be publicized. According to the publicity table, Dongshuaike is mainly engaged in the production and processing of pet food. Prior to the transaction, Yuan Fang held a 34.37% stake in Shandong Shuaike and controlled Shandong Shuaike alone. After the transaction, Yuan Fang, AIC (note: the holding company of Advent Capital) and Boyu IV will hold 30.12%, 29.33% and 16.14% of the shares of Shandong Shuaike, respectively, and Shandong Shuaike will be jointly controlled by Yuan Fang, AIC and Boyu IV to control the holding company of Advent International. In 2023, Shandong Shuaike's share of the pet food OEM market in China will be 5-10%. (Official website of the State Administration for Market Regulation)
Manner Coffee Guiyang invests in a new company
According to industrial and commercial data, on June 21, Guiyang Yinhe Catering Management Co., Ltd. was established. The company is wholly owned by Shanghai Inhe Industrial Co., Ltd., the parent company of Manner Coffee, with a registered capital of 2 million yuan, and the legal representative is Jiang Xiaobo, whose business scope includes catering management, hotel management, enterprise management, and sales of agricultural and sideline products. (Snack generation)
Wanglaoji Health Lanzhou Production Base Project was promoted
"At present, the project has completed the construction of the main structure and secondary structure, and is promoting the construction of decoration, water and electricity installation and municipal engineering." In the Lanzhou production base project of Wanglaoji Health in Dinglian Park, Chen Zhiliang, executive deputy general manager of Wanglaoji Health Industry (Lanzhou) Co., Ltd., said. The project is invested and constructed by Guangzhou Wanglaoji Health Industry Co., Ltd., covering a total area of about 100 acres, with a total investment of 350 million yuan and a total construction area of about 37,927 square meters. After the project is completed and put into operation, the annual output value will be about 500 million yuan. (Daily Gansu)
The headquarters of Diandude settled in Guangzhou
A few days ago, Guangdong Diandude International Food Co., Ltd. won a bid for an industrial land located in the core area of the Minke Park in Baiyun District, and plans to build a headquarters and production, R&D and manufacturing base project, and build a processing workshop, Cantonese cuisine master training room, incubator cultivation base, Cantonese cuisine cultural center and other supporting facilities. The land won by Diandude this time is located in the core area of the Minke Park in Baiyun District, which is an industrial land with a parcel area of 14,158 square meters. (Released in Guangzhou)
R&D, innovation and marketing
"9.9 yuan ALDI liquor" was accused of being sold out when it was launched
Recently, in the double decline in the price and share price of Moutai, a new 9.9 yuan liquor on the shelves of the German discount supermarket ALDI was snatched up by young people. This 52-degree liquor product is said to be brewed using five kinds of grains and using the traditional solid-state liquor process, and 500ml is only 9.9 yuan. According to a staff member at the producer's Qinyuanchun Liquor Industry in Sichuan Province, the reason why this pure grain wine can be sold at such a low price is because the product has improved the fermentation process, the traditional fermentation time has been shortened to 30 days, and it is a relatively low grade in terms of graded storage, so the cost is lower. (Jiupai Finance)
Starbucks has launched three new peach season limited drinks
Starting today, Starbucks China will start the summer peach season, and the three drinks of White Peach Frappuccino, White Peach Baked Sparkling American, and White Peach Baked Oatmeal Latte will be available for a limited time. In addition, Starbucks Reserve Whisky Cask Coffee is back after a year, and three new whisky cask blends independently created by the Chinese team - Whiskey Cask Blackcurrant Cold Brew, Whiskey Cask Lemon Variations, and Italian Olive Whisky Cask Cold Brew are also available at the same time. (Company Release)
Kuaishou X Mixue Bingcheng co-brand
Today, according to Kuaishou's official WeChat news, the "Come to Lao Tie" big brand Shangxinri co-branded package jointly signed by Kuaishou and Mixue Bingcheng has been officially launched on Kuaishou. In addition to the limited-time special price, it also combines the new gameplay of short videos with local life IPs to explore new gameplay modes for content to leverage the traffic of local brands.
Jasmine Yogurt launched the first Greek yogurt whey light drink
Today, according to the official WeChat message of Mo Yogurt, the brand will launch its first innovative Greek yogurt whey light drink, with the first order of 8.8 yuan for the mini program, and the first batch will cover Shanghai, Nanjing, Hangzhou, Guangzhou and Dongguan.
BESTORE said that "three years to remove all 'unnecessary additions'"
A few days ago, BESTORE explained the insights behind the brand upgrade to the industry for the first time, released a new brand proposition of "natural and healthy new snacks", and initiated the new trend of "five reductions". It also announced that it plans to remove all unnecessary additives through technological innovation in three years, hoping to promote the healthy and high-quality development of the food industry. (Company Release)
Yili stepped into the niche milk beer market
Recently, Jiemian News learned that Yili began to distribute its new lactic acid bacteria beverage "Changyi 100% Milk Beer" to the market. The relevant person in charge of Yili confirmed the above product information to Jiemian News. According to the information provided by Yili, Changyi 100% milk beer is targeted at young female users, and the age portrait is in the first and second tier groups of people aged 18-30. (Interface)
Hollyland Group's BLACKSWAN French restaurant was newly opened
Today, according to Hollyland's official WeChat news, Hollyland Group's BLACKSWAN Black Swan French Restaurant has been fully renovated after three years and officially opened on June 25. Located in the Tianzhu Luohong Photography Art Museum in Shunyi District, Beijing, the restaurant was created by Luo Hao, Hollyland and Black Swan Executive President, in collaboration with Vianney Massot, Executive Chef and Founder of BLACKSWAN French Restaurant. (Company Release)
ESG
Walmart uses environmentally friendly refrigerants to create low-carbon stores
According to Walmart China's official WeChat news, at present, Walmart has 26 Walmart shopping malls and Sam's stores have completed the upgrade and replacement of R448A refrigerant, and from this year, all new cloud warehouses of Sam's will also use R448A refrigerant. With a greenhouse energy potential (GWP) of 1273 compared to conventional refrigerants, R448A reduces carbon emissions by nearly 70% and improves the energy efficiency of commercial refrigeration systems by 5%-10%. (Company Release)
Nestlé launches a new sustainably sourced chocolate brand
A few days ago, Nestlé said that the company will launch sustainably sourced chocolates, and the new brand will be available at airports around the world this summer. The chocolates are claimed to contain cocoa that is certified by the Rainforest Alliance and sustainably sourced through the Nestlé Cocoa Program. When passengers head to the airport gift shop, Nestlé's sustainability efforts are on full display. （fooddive）
Industries at a glance
Shanghai provides legal popularization and compliance guidance for coffee companies
Today, the reporter learned from the Shanghai Municipal Cyberspace Administration that the special law enforcement action of "Bright Sword Pujiang 2024" has recently focused on the protection of personal information rights and interests in the coffee consumption scene to carry out special rectification. A few days ago, the Cyberspace Administration of Shanghai Municipality and the Market Supervision Bureau have carried out legal popularization training and compliance guidance for 24 chain coffee companies, including Starbucks, Luckin Coffee, Manner Coffee, McCoffee, Tims Tianhao Coffee, Nova Coffee, COSTA COFFEE, M Stand, Seesaw Coffee, niiice café, Peet's Coffee, and Cudi Coffee. Based on the previous inspections, the Cyberspace Administration of Shanghai Municipality sorted out several types of common violations of laws and regulations, explained the law with cases, and urged the relevant provisions and requirements of the Personal Information Protection Law to be effectively implemented. (Beijing News)
Report: More consumers expect to eat out more in June
Recently, Circana released a report showing that in its research sample, in May this year, the proportion of consumer income increase decreased compared with the previous month: on the whole, the price increase of restaurants remained at the level of the previous month, the proportion of the increase in the unit price of the main meal channel increased, and the price of dim sum and beverage channels decreased more. Finally, there are more consumers who expect to eat out more in June, and they expect to spend more on staples and less on desserts, baking and alcoholic beverages. （Circana）
Novo Nordisk Semaglutide was approved in China for long-term weight management
Today, the reporter learned from Novo Nordisk China that recently, the National Medical Products Administration (NMPA) approved the marketing application of Novo Nordisk (semaglutide injection for long-term weight management) developed and produced by Novo Nordisk in China. The star GLP-1 weight loss, known as the "miracle drug for weight loss", has been approved for weight loss indications in China, driving weight loss concept stocks to rise sharply. The approved indication is for patients with overweight and obesity who have an initial BMI (body mass index, weight (kg)/height (m)²) greater than or equal to 30; or between 27 and 30 with at least one weight-related comorbidity, given once a week, (surging)
Internet+
Hema NB pick-up store is open to joining
Yesterday, a reporter from Beijing Business Daily learned that Freshippo's discount brand Hema NB has been opened to join. It is understood that Hema NB is a hard discount store brand under Hema that aims at the sinking market and has two forms: offline and self-pickup. According to the recruitment information of Hema NB self-pickup store, franchisees need to prepare 60,000 yuan of funds, including 30,000 yuan deposit, 10,000 yuan of platform usage fees, and an estimated 10,000 yuan of decoration fees and equipment fees. (Beijing Business Daily)
Pinduoduo guarantees low prices, and the price comparison system evolves again
Pinduoduo recently announced that it has adjusted the previously launched "automatic price matching" service agreement, further expanding the platform's authority on the scope of merchants who have opened the function to change the price of products, and the new agreement will officially take effect on June 28. According to the latest agreement, once the merchant authorizes the activation of the "automatic price matching" function, the platform will have the right to adjust the price of all products (including existing inventory and new products in the future) within a specific range according to factors such as the sales situation of the whole network, marketing activities, etc., while the platform can only modify the event price of the event products before. (Interface)
Meituan responded by issuing more than US$1 billion in bonds to repay its debts
Today, there are rumors that Meituan is considering issuing more than $1 billion in bonds, and it is reported that the issuance is a conventional bond rather than a convertible bond, mainly to repay debt. In response, Meituan responded that it would not comment. (Finance Associated Press)