---
title: "FMCG Daily News | Yunnan Baiyao Chairman Resigns; Major Supermarkets Report Collective Losses in 2022..."
description: "Yunnan Baiyao's chairman Wang Minghui resigned on March 6, 2022. Meanwhile, 10 major supermarket chains have issued profit warnings or reported losses for 2022, indicating a tough year for the industry."
author: "New Distribution"
publisher: "New Distribution"
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published: "2023-03-08"
language: "en"
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# FMCG Daily News | Yunnan Baiyao Chairman Resigns; Major Supermarkets Report Collective Losses in 2022...

> Yunnan Baiyao's chairman Wang Minghui resigned on March 6, 2022. Meanwhile, 10 major supermarket chains have issued profit warnings or reported losses for 2022, indicating a tough year for the industry.

**1. Yunnan Baiyao Chairman Wang Minghui Resigns**
On March 6, Yunnan Baiyao announced the resignation of its chairman. The company stated that it received a resignation report from Chairman Wang Minghui, who cited personal reasons for resigning from his positions as chairman of the 10th board, director, member of the board's strategy committee, and all other roles at Yunnan Baiyao and its subsidiaries. (Lianshang.com)

**2. Major Supermarkets Report Collective Losses in 2022**
According to incomplete statistics from Lianshang.com, as of now, 10 major supermarket companies have released their 2022 performance forecasts or results. The forecasts indicate that the supermarket industry had a difficult year in 2022, with nearly all companies expecting losses. (Lianshang.com)

**3. Yonghui Superstores Cangzhou Wuyue Store Closes**
Recently, Yonghui Superstores' Cangzhou Wuyue store issued a closure notice, stating it will cease operations from March 22. The notice also said that shopping cards and points held by customers can still be used at Yonghui stores nationwide, or customers can process refunds at the store's service desk. (Retail Circle)

**4. Mengniu Added as Defendant in Enforcement Case with Execution Target of Over 2.14 Million Yuan**
According to Tianyancha App, on March 7, Inner Mongolia Mengniu Dairy (Group) Co., Ltd. was added as a defendant in an enforcement case with an execution target of over 2.14 million yuan, with the execution court being Helinger County People's Court. (Interface News)

**5. New Hope Group's 2022 Revenue Reaches 270 Billion Yuan**
Recently, New Hope Group updated its profile, stating that its total assets exceed 340 billion yuan, with 2022 sales revenue exceeding 270 billion yuan, and 2021 revenue exceeding 240 billion yuan. (Retail Circle)

**6. Zhong Xue Gao Expands Business Scope to Include Cosmetics Retail and Toy Sales**
According to Tianyancha App, on March 6, Zhong Xue Gao Food (Shanghai) Co., Ltd. underwent industrial and commercial changes, adding toy sales, cosmetics retail, and organization of cultural and artistic exchange activities to its business scope. (Interface News)

**7. JD.com Releases '2022 China Women's Consumption Report'**
On March 7, JD.com's Consumer and Industrial Development Research Institute released the '2022 China Women's Consumption Report'. The report shows that in 2022, female users' annual consumption growth on JD.com led male users by 5.51%. (Professional Retail Network)

**8. Sichuan Milk Beverage Giant Jule IPO Accepted**
Recently, the Shenzhen Stock Exchange's IPO review information website showed that Sichuan Jule Food Co., Ltd.'s IPO has been 'accepted', with an estimated financing amount of 1.36 billion yuan, and the sponsor is China Securities Co., Ltd. (Cover News)

**9. Wandashan Dairy Holds New Liquid Milk Product Launch**
Recently, Wandashan Dairy held a new liquid milk product launch and distributor conference in Nanjing, where it released new products under five sub-brands: Heiwo, Ruci Xinxian, Yanqing, Aifeiya, and Yiyang 100, showcasing the company's new product matrix for liquid milk and its high-end liquid milk product layout. (Company release)

**10. Bellamy's Organic Walnut Oil Launches**
Yesterday, Bellamy's overseas official WeChat account announced the launch of 'Organic Walnut Oil', claiming that the product is made entirely from organic walnuts from Yecheng, Xinjiang, with glycidyl ester limits stricter than EU standards, and can be used as a baby food supplement to support eye and brain development. (Company release)


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