Tsingtao Brewery Earned 17.59% More Last Year Tsingtao Brewery announced yesterday that in 2022, its operating revenue was 32.172 billion yuan, up 6.65% year-on-year, with cumulative product sales of 8.072 million kiloliters, up 1.8% year-on-year; net profit attributable to the parent company was 3.711 billion yuan, up 17.59% year-on-year. (Company announcement)
Coca-Cola's Innocent Discontinues Dairy-Free Drinks Recently, Coca-Cola's brand Innocent announced on social media that it will stop producing three dairy-free drinks made from almonds, hazelnuts, and coconuts, and the products will be "removed from shelves in the coming weeks." (Retail Circle)
Milkground's Profit Fell Over 10% Last Year Yesterday, Milkground released its 2022 performance, showing that its operating revenue last year was 4.83 billion yuan, up 7.84% year-on-year; net profit was 135 million yuan, down 12.32% year-on-year. Among them, the core cheese business revenue was 3.869 billion yuan, up 16.01% year-on-year, accounting for 80.3% of the company's main business revenue, with the proportion up 5.68 percentage points year-on-year. (Company announcement)
Taoli Bread's Profit Fell 16.14% Last Year Taoli Bread released its 2022 annual report yesterday. During the reporting period, it achieved operating revenue of approximately 6.686 billion yuan, up 5.54% year-on-year; net profit attributable to listed company shareholders was approximately 640 million yuan, down 16.14% year-on-year. (Company release)
Nongfu Spring Continues to Target High-End Markets Such as Baby Water and Coffee Water Recently, Nongfu Spring Chairman Zhong Shanshan and others conducted a field inspection in the Changbai Mountain area, stating that they will continue to regard the area as an important target market and key investment region, aiming at high-end water markets such as baby water and coffee water, clarifying the target audience and goals, and continuously expanding cooperation areas. (Baishan Media)
Nestlé Transfers Minties Production Recently, Nestlé decided to transfer the production of Minties, a mint candy under its confectionery brand Allen's, from New Zealand to Australia. Not long ago, Nestlé invested 12 million Australian dollars to expand its Allen's lollipop factory in Broadford, Victoria, Australia. (justfood)
Oatly Partners with Austrian McCafé Yesterday, Oatly stated that it has signed a cooperation agreement with McDonald's Austria, supplying Barista products to Austrian McCafé starting this month. This is the first time Austrian McCafé uses oat milk. (Company release)
Danone Announces Discontinuation of Red and Green Badoit Water Bottles Yesterday, Danone announced in France that it will stop using red and green Badoit sparkling water bottles. The company said that consumers will be able to find transparent Badoit bottles at various points of sale from today, which will make the new bottles more recyclable. (AFP)
Jinhui Liquor's 2022 Net Profit 280 Million Yuan, Down 13.73% Today, Jinhui Liquor released its annual report. Data shows that in 2022, the company achieved operating revenue of 2.012 billion yuan, up 12.49% year-on-year; net profit attributable to the parent company was 280 million yuan, down 13.73% year-on-year. (Company announcement)
Health and Happiness Group's 2022 Revenue Grew 10.6% On March 21, Health and Happiness Group released its 2022 full-year performance report. The financial report shows that as of December 31, 2022, the group's revenue was 12.78 billion yuan, with reported growth of 10.6%. Revenue in the Chinese market grew 6.4% year-on-year, accounting for 74.9% of the group's total revenue, making it the largest contributor to the group's revenue. (Health and Happiness Group)