---
title: "New Products & News: COFCO and Bright Dairy Launch New Products; Yum!, Jiajia, and Guanshengyuan Release Financial Reports; Lotte China Nearly Paralyzed; Youyou Food Plans IPO; Walmart and Unilever Slim Down..."
description: "This issue covers new product launches by COFCO and Bright Dairy, financial results from Yum!, Jiajia, and Guanshengyuan, Lotte's struggles in China, Youyou Food's IPO plans, and cost-cutting moves by Walmart and Unilever."
author: "New Distribution"
publisher: "New Distribution"
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published: "2017-08-05"
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# New Products & News: COFCO and Bright Dairy Launch New Products; Yum!, Jiajia, and Guanshengyuan Release Financial Reports; Lotte China Nearly Paralyzed; Youyou Food Plans IPO; Walmart and Unilever Slim Down...

> This issue covers new product launches by COFCO and Bright Dairy, financial results from Yum!, Jiajia, and Guanshengyuan, Lotte's struggles in China, Youyou Food's IPO plans, and cost-cutting moves by Walmart and Unilever.

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1
New Products
1
America's No.1 Natural Water Enters China, Partnering with COFCO to Compete!
Recently, authorized by Japan's Otsuka Foods Co., Ltd., COFCO Group officially obtained the exclusive distribution rights for "Crystal Geyser Natural Spring Water" in China, and on June 1, it launched the product on COFCO's "Womai.com" platform, marking the official entry of this popular American natural water into the Chinese market.
It is understood that Crystal Geyser Natural Spring Water is available in 9 different sizes in the US and Japan, but currently only 500ml bottles are sold in China, priced at 5.9 yuan per bottle on COFCO's Womai.com.
After a series of streamlining measures, COFCO's profits have doubled. This partnership with Japan's Otsuka Foods to bring a world-class natural water brand popular in the US and Japan into China reflects confidence in the huge potential of China's bottled water market and a desire to compete with major domestic and international bottled water players.
2
New Player in Premium Yogurt Market
Bright Dairy has launched a new yogurt product called "Huanyue" flavored fermented milk. Available in four flavors: original, vanilla bean, mixed berries, and cheese mango, it is now sold online at 11-12 yuan per 110g cup, typically in packs of 8 cups priced at 85-96 yuan.
In addition to the Chinese name "Huanyue," this new yogurt also has a catchy English name, "Say Hi!", which is printed on the packaging, giving it a youthful and energetic vibe and further reflecting its focus on young consumers.
2
News
1
Yum! Reports Quarterly Earnings, CEO Says Will Shrink Stores
Yum!, which owns Pizza Hut and KFC, reported quarterly revenue of $1.45 billion, with profits falling to $206 million from $266 million in the same period last year. Same-store sales only rose 2%. However, Taco Bell's same-store sales growth of 4% fell short of analyst expectations. CEO Greg Creed said they will focus more on takeout and delivery, and adjust the number of tables and chairs in stores.
2
Guanshengyuan's Main Products Maintain Industry-Leading Market Share in First Half
In the first half of 2017, sales of Guanshengyuan Food's main brand products continued to perform well, maintaining their leading market share in the industry. According to relevant monitoring data, in the first half of 2017, White Rabbit candy products held a 5.52% market share in the national candy industry, ranking seventh; Guanshengyuan honey products held a 17.09% market share in the national honey industry, continuing to rank first.
3
Jiajia's 2017 H1 Revenue Up 1.48%, Net Profit Up 1.36%
Jiajia Food released its 2017 semi-annual report, showing revenue of 976 million yuan for January-June, a year-on-year increase of 1.48%; the average revenue growth rate for the food processing industry was 11.83%. Net profit attributable to shareholders of the listed company was 99.2489 million yuan, up 1.36% year-on-year, while the average net profit growth rate for the food processing industry was 11.12%.
4
Chinese Market Not Buying It: Lotte's Profits Nearly Halved
Lotte Shopping (including Lotte Department Store and Lotte Mart) saw its second-quarter profits shrink by nearly half. Specifically, Lotte Shopping's profit was 87.3 billion Korean won (about 520 million yuan), down 49% year-on-year. Sales were 692.28 trillion Korean won (about 41.2 billion yuan), down 4.3%.
Lotte attributed the poor second-quarter performance to a decline in Chinese tourists visiting Korea and lower sales in the Chinese market. Among these, Lotte Mart's business in China was almost paralyzed, with nearly all of its branches in China (87 out of 99) closed, and sales plummeting by as much as 95%.
In addition to Lotte Shopping, Lotte Group's food business was also affected. Lotte Food's milk powder exports fell by half this year, and profits dropped 19% year-on-year. Lotte Confectionery's revenue in China in the second quarter also halved to just 19.4 billion Korean won (about 120 million yuan).
5
Youyou Food Aims for A-Share IPO: Pickled Pepper Chicken Feet Sold Nearly 2 Billion Yuan in Three Years
Youyou Food recently published its prospectus on the CSRC website, planning to list on the Shanghai Stock Exchange. The total number of new shares issued and shares sold by existing shareholders will not exceed 79.5 million shares, and the total share capital after issuance will not exceed 305 million shares. The sponsor is Northeast Securities.
Public data shows that Youyou Food's main business is the R&D, production, and sales of pickled and braised leisure foods. From 2014 to 2016, Youyou Food achieved revenues of 880 million yuan, 752 million yuan, and 827 million yuan, with net profits of 119 million yuan, 108 million yuan, and 122 million yuan, respectively. Among these, pickled pepper chicken feet generated revenues of 645 million yuan, 575 million yuan, and 630 million yuan, accounting for 73.56%, 76.63%, and 76.27% of main business revenue in the respective years.
6
Yanghe and Gujing Gongjiu Swap Products at Retail Points, Competing for East China Market
Recently, Gujing Gongjiu has been replacing Yanghe products with its own at retail points in Hefei. The rivalry between Yanghe and Gujing Gongjiu has become a focal point in Anhui's liquor circle. At the end of 2016, Yanghe had similarly replaced Gujing products with its own at sales outlets in Shanghai.
Shanghai is an old market for Gujing; before 2015, annual sales were around 50-60 million yuan. In July 2015, to capture the Shanghai market, Anhui Gujing Gongjiu integrated Shanghai resources and jointly established Shanghai Meibin Trading Company with Baichuan Trading. Meibin serves as both the factory office and the general agent for Gujing in Shanghai. Gujing launched a new product series specifically for Shanghai—Gujing Gongjiu Shanghai Beach 3, 6, 9—positioned at the 100-300 yuan mid-range price segment, which is the stronghold of Yanghe's Blue Classic series, which sells 800 million to 1 billion yuan annually in Shanghai. In 2016, Gujing's sales in Shanghai exceeded 100 million yuan.
Due to its geographical proximity to Anhui, Jiangsu liquor giant Yanghe entered the Anhui market in 2007 and has developed steadily in recent years. In 2016, Yanghe's annual sales in Anhui exceeded 1.4 billion yuan, solidifying the "one super, many strong" pattern in Anhui's liquor market, with direct competition against local brands like Gujing Gongjiu, Kouzi Jiao, and Yingjia. Yanghe, which emphasizes terminal construction, has over 300 staff in Anhui, with 10 branch companies and 11 offices.
7
China's Instant Noodle Market Reaches 81.2 Billion Yuan, with High Growth in Cup and Bowl Noodles
From 2012 to 2016, the compound annual growth rate was about 0.4%, while retail sales volume of China's instant noodle market decreased from about 43.6 billion units in 2012 to about 37.2 billion units in 2016, a compound annual growth rate of about -3.9%.
Data source: Frost & Sullivan
According to the "2017-2022 China Instant Noodle Market Development Prospects Forecast Report," China's instant noodle market may maintain steady growth (by retail value) in the future. It is estimated that the retail value of China's instant noodle market will reach about 93.7 billion yuan by 2021, with a compound annual growth rate of about 2.9% from 2016 to 2021.
8
Kellogg's Q2 Earnings and Revenue Beat Expectations
According to MarketWatch, Kellogg's shares rose more than 4% in trading on Thursday, as the food company reported second-quarter earnings and revenue that beat Wall Street analysts' expectations.
The report showed Kellogg's net income for the quarter was $282 million, or 80 cents per share, up from $280 million and 79 cents per share in the same period last year. Excluding one-time items, adjusted earnings per share were 97 cents, beating the average analyst estimate of 92 cents from FactSet. Revenue for the quarter was $3.19 billion, down from $3.27 billion a year ago, but above the average analyst estimate of $3.15 billion from FactSet.
9
China's Appetite for Australian Wine Grows: Bought a Quarter of Its Exports Last Year
Australia's Wine Australia recently released an export report. Data shows that in the 2016-2017 fiscal year, Australia exported 607 million Australian dollars worth of wine to mainland China, a year-on-year increase of 44%, making mainland China the largest export market for Australian wine.
The report said that total Australian wine exports reached 2.31 billion Australian dollars in the last fiscal year, with mainland China accounting for 26.3%. Among these, bulk wine exports to China doubled to 37 million Australian dollars, but their share of the total declined; bottled wine exports to China rose 41% to 570 million Australian dollars. Chinese customs data shows that from January to May 2017, Australian wine accounted for 25.1% of China's imported wine market share, ranking second, with France first at 42.6%.
However, the growth rate of Australian wine exports to mainland China is very strong. From 2014 to 2017, Australian wine exports to mainland China grew by 32.1%, 66%, 71%, and 44% respectively, making it the fastest-growing country in China's imported wine market. In 2015, mainland China became Australia's largest wine export market and has remained so.
10
Walmart China's Hypermarkets "Slim Down": Opens Two Compact Stores
Walmart has quietly opened two stores with only a few thousand square meters of space, located on Jinma Road in Kunming and Yangjiawan in Wuhan. This is the first time Walmart has significantly reduced the size of its hypermarkets in China.
This attempt is the result of Walmart's efforts to optimize the balance between store space and customer needs. According to images and information posted on Walmart's media center, the two new stores are still named "Walmart Supercenter," but their area is no longer the usual 10,000 square meters or more, but rather compressed by nearly 40% to 5,000-6,000 square meters, freeing up more rental space and strengthening the introduction of dining options.
In line with the trend of self-service, these two compact hypermarket stores provide self-service weighing equipment. Walmart said it will also add self-checkout counters in stores by the end of this year.
11
Unilever Slimming Rumors Again: Could Cause Thousands of Job Losses?
Recently, following P&G, Unilever's slimming measures have again become a focus of industry attention. Rumors, citing information allegedly from Germany's food industry union NGG, suggest that Unilever's cost-saving plan could result in 1,000 job losses and the closure of 8 factories.
The rumors also indicate that Unilever is under "tremendous pressure" from shareholders. In early April, to appease shareholders, the company released a shareholder return plan, mentioning six major goals, including a 20% increase in operating profit by 2020, maintaining total debt/EBITDA at 2x, and a 5 billion euro share buyback this year.
However, regarding the above rumors, a Unilever China spokesperson told reporters yesterday that Unilever China cannot comment on global business and related unofficial news.
The spokesperson also told reporters that Unilever China will continue to increase market investment. The company has launched a series of new products in China in the first half of this year, covering men's skincare and premium hair care product lines.


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