1. Yanjing Beer Plans to Transfer Controlling Stakes in Two Shandong Subsidiaries Recently, Beijing Yanjing Beer Investment Co., Ltd. plans to transfer its 74.73% equity in Yanjing Beer (Qufu Sankong) Co., Ltd. and 55% equity in Yanjing Beer (Laizhou) Co., Ltd. The pre-disclosure start date is March 1, and the listing period is 20 working days from the date of the announcement. (Shandong Business Daily)
2. Ajisen Ramen Expects Loss Last Year Recently, Ajisen (China) Holdings Co., Ltd. issued an announcement, expecting a loss attributable to owners of the company for the year ended December 31, 2022, ranging from RMB 120 million to RMB 170 million. This is mainly due to the pandemic causing a decline in revenue, fewer stores, and reduced operational efficiency; as well as impairment losses recognized on financial assets and investment properties. (Company announcement)
3. China Resources C'estbon: Last Year's Business Growth "Outpaced the Industry" Yesterday, China Resources C'estbon's WeChat official account stated that in 2022, the company's overall business growth outpaced the industry. During the year, the East China production base (Yixing, Jiangsu) and the Wuyishan production base (Nanping, Fujian) started construction. In the Hong Kong market, overall sales increased 81% year-on-year last year. (Company release)
4. San Yuan Bio Exits Erythritol "Vicious Price Competition" Recently, San Yuan Bio said during institutional research that the current erythritol market is in a special stage, with manufacturers increasing from three or four to more than twenty, causing severe price competition. Some manufacturers have begun to exit, but the price impact continues, and the company is passive in quoting prices. (Beijing News)
5. Keming Noodle's Price Hikes Have Little Impact on Sales Recently, Keming Food said during investor research that compared with the same period last year, noodle sales have declined slightly, but revenue has increased year-on-year, which is related to the company's product price adjustments or structural adjustments. The company's two price hikes have been relatively successful, with little impact on sales. (Interface News)
6. Yili's First Batch of Products with Space Probiotic Strains to Launch Soon A few days ago, Yili officially announced that the first batch of products using China-patented space probiotic strains, developed in cooperation with China Aerospace, will be launched soon. It is reported that the Yili probiotic strains participating in the space payload experiments are BL-99, K56, and ET-22, which have higher nutritional value and are more suitable for Chinese people's constitution. (Company release)
7. E-commerce Logistics Operation Shows Accelerated Recovery in February On March 6, the China Federation of Logistics & Purchasing released the China E-commerce Logistics Index for February. As the effects of stable economic policies further manifest, e-commerce logistics operations are showing accelerated recovery. In February, the China E-commerce Logistics Index was 107.2 points, up 2.6 points from the previous month. (New Consumption Daily)
8. Jubao Pen Completes Pre-A Round of Financing Worth Tens of Millions of RMB Xishang Technology (Jubao Zan), a leading service provider of private domain SaaS and industry middle platform, completed a Pre-A round of financing worth tens of millions of RMB, led by Yuanxin Capital. (IT Juzi)
9. "Yibai Retail" Completes Angel Round Financing of Tens of Millions of RMB Recently, "Yibai Retail", under Sichuan Runbai Business Service Group Co., Ltd., completed an angel round financing of tens of millions of RMB, led by a well-known institution. (IT Juzi)