Click on the image for details 1 New Products First 1 "East-West Fusion": Oreo Launches World's First Mid-Autumn Mooncakes Recently, Oreo launched its Oreo Mid-Autumn Mooncake series in the Chinese market for the upcoming Mid-Autumn Festival. The series is now available on Mondelez's WeChat store and Tmall Supermarket, with four flavors in total. On its WeChat store, a pack of four is priced at 118 yuan, and a pack of six at 158 yuan. Oreo once became famous worldwide with the slogan "Twist, Lick, Dunk." Of course, besides that, creating novel flavors is its specialty. In the past, Oreo has created dozens of flavors such as ramen, fried chicken, Swedish fish, and even solicited weird and wonderful ideas like popcorn and carrot cake from netizens. 2 Luzhou Laojiao's Major New Product Global Debut Luzhou Laojiao held the "Baijiao Innovative Spirits Global Tasting Night" at Lan Kwai Fong in Hong Kong, where its Baijiao cocktails made their global debut, and new products like Constellation Cocktails were officially introduced to consumers, receiving wide acclaim and once again leading the innovation trend in Chinese baijiu. 2 News First 1 Dali's H1 Performance Report: Net Profit Exceeds 1.7 Billion, Lehu and Doudouben Perform Well Food and beverage giant Dali also announced its first-half 2017 results. Data shows that in H1 this year, Dali's revenue and net profit both grew, and Dali has achieved the gratifying result of consecutive revenue and net profit growth since its listing in 2015. In H1 2017, Dali achieved revenue of 9.889 billion yuan, a year-on-year increase of 9.6%; gross profit reached 3.816 billion yuan, up 8.8% year-on-year; net profit increased 6.9% year-on-year to 1.755 billion yuan. Food and beverage revenue grew by 1.3% and 9.6%, respectively. Meanwhile, the Dali board resolved to declare an interim dividend of HK$0.10 per ordinary share (approximately RMB 0.085) for H1, with a payout ratio of 67%. Dali's food business sales increased 1.3% from 4.771 billion yuan in the same period last year to 4.832 billion yuan in H1 this year. Pastry products achieved revenue of 2.850 billion yuan in H1 2017, a decrease of 5.9% compared to the same period last year. Biscuit products achieved revenue of 794 million yuan in H1, up 4.2% year-on-year. Potato-based puffed food achieved revenue of 1.188 billion yuan in H1, up 21.0% year-on-year. Dali's beverage business achieved sales of 4.474 billion yuan in H1 2017, up 9.6% year-on-year, mainly due to strong growth in functional drinks, with new product Doudouben soy milk achieving revenue of 213 million yuan. 2 Weak Upstream Milk Source Monetization: China Shengmu's H1 Profit May Drop Significantly China Shengmu issued a profit warning, expecting that the company's profit for H1 2017 will decline significantly for the period ended June 30, 2017. A relevant person in charge of China Shengmu explained in an interview with Beijing Business Today that the performance decline is related to the current state of industry development; at this stage, the upstream industry is still operating at a low point. Although the overall industry situation has eased since July, with raw milk prices rising and large-scale farms and dairy processing plants achieving supply-demand balance, it remains a relatively unstable period. Affected by raw milk prices, other milk-source dairy companies are also not optimistic. Another domestic upstream dairy company, Modern Farming, released its H1 performance forecast, showing an expected loss of over 500 million yuan in H1 this year. 3 Sichuan: Walmart Fined 60,000 Yuan for Substandard Cold Chain Conditions Leading to Zongzi Failure Walmart (Sichuan) Commercial Retail Co., Ltd. Dazhou Chaoyang East Road Branch was fined 60,000 yuan by the local food and drug regulatory authority for failing to meet the product packaging requirement of -18°C storage temperature, resulting in two batches of zongzi exceeding limits for total bacterial count and coliform bacteria. According to the Sichuan Provincial Food and Drug Administration notice, the National Food and Drug Administration's 2017 No. 84 notice listed two batches of zongzi from Sichuan as substandard, with the sampled unit being Walmart (Sichuan) Commercial Retail Co., Ltd. Dazhou Chaoyang East Road Branch; the labeled producer is Chengdu Quanyi Food Co., Ltd.; the substandard items were total bacterial count and coliform bacteria. 4 Rat Found at Lai Yifen Store, Closed for Rectification Same Day A Shanghai citizen reported via Weibo that a rat was found on the shelves of Lai Yifen (603777.SH) Caoyang Road store in Shanghai. In a video taken by a netizen, a large rat scurried back and forth on the shelves, which also held various packaged snacks, and the store was not yet open for business. According to FMCG, after receiving the report, law enforcement officers from the Shanghai Putuo District Market Supervision Administration quickly arrived at the scene and inspected the store's operating conditions and business qualifications. The Shanghai Putuo District Market Supervision Administration subsequently ordered the Lai Yifen store to immediately suspend operations for rectification and thoroughly eliminate the rat problem. The specific situation is still under further investigation. 5 Zhou Hei Ya Stock Price Earthquake After releasing a fairly decent interim performance report, Zhou Hei Ya's stock price plunged on heavy volume at the open of trading yesterday morning, and the originally "three yang opening" candlestick pattern was disfigured by a huge gap down. As of 10:26, Zhou Hei Ya's stock price was reported at HK$7.65, down 10.42%, with 19.57 million shares traded, and a turnover of HK$151 million. 6 12 Food Companies Enter China's Top 500 Private Enterprises This year, 12 food and beverage companies entered the top 500, including familiar names like Yili, Wahaha, and Nongfu Spring. Among them, Yili ranked first in the food sector with annual revenue exceeding 60.6 billion yuan, followed by Wens and Shuanghui. In this list, Wahaha's 2016 revenue was 45.592 billion yuan, which is somewhat different from some media reports, possibly because the list counts the Wahaha Group under Zong Qinghou and the Hongsheng Beverage under Zong Fuli separately. Another well-known Zhejiang beverage company, Nongfu Spring, ranked 427th overall with revenue of 14.139 billion yuan, a significant improvement from 2015. In addition, seasoning giant Haitian also entered the top 500 list. 7 Huangtai Wine Abandons Wine for Education Huangtai Wine announced that in accordance with the requirements of the "Guidelines for Information Disclosure of Publicly Issued Securities Companies No. 26 - Major Asset Restructuring of Listed Companies," the company disclosed information on major asset restructuring. In this major asset restructuring, the assets to be sold are those related to the baijiu business that the company plans to divest; the assets for external investment belong to the education industry, with the main business being kindergarten curriculum development and operation. The company is actively communicating and negotiating on matters related to this transaction. 8 Amazon's Whole Foods Deal Sealed: Transaction Approved by Whole Foods Shareholders Whole Foods shareholders met at the company's headquarters in Austin, Texas, and approved the deal. In June this year, Amazon announced it would acquire the organic supermarket chain Whole Foods for $47 per share, totaling $13.7 billion. The U.S. Federal Trade Commission also said it would abandon its investigation into the deal. The transaction is expected to be completed in the second half of this year. 9 JD.com Plans to Form Joint Venture with Thai Retailer JD.com plans to form a joint venture with a Thai retailer. According to Reuters, JD.com is in talks with Thai retailer Central Group to establish an e-commerce joint venture, with a total expected investment of up to $500 million. 10 6th Batch of Formula Registration List: Junlebao and Newbaze Share 10 Formula Registrations The National Food and Drug Administration approved 2 companies for a total of 10 infant formula product formula registrations. Both companies that obtained registrations are domestic companies: Junlebao and Newbaze. Junlebao successfully obtained 3 formula registrations for the Lezhen product line; Shanghai Newbaze obtained 7 formula registrations for the Newbaze Peizhen, Newbaze, and Newbaze Muzhen product lines; To date, Junlebao has obtained 12 formula registrations across 4 product lines: Lechun, Lebo, Lechang, and Lezhen; To date, a total of 182 formula registrations have been obtained by 36 companies across 6 batches. Click on the image for details The 3rd (CFIC) China FMCG + Internet Conference will be held in Chongqing in October 2017. At this conference, New Distribution has invited over 1,000 distributors, 500 brand owners, founders of over 200 B2B platforms, and over 100 investment and financing institutions to participate. The theme of this conference: New Forces, New Ecosystem. We will invite well-known domestic B2B industry experts, mentors, and B2B platform founders to discuss the following topics:
How can the FMCG industry leverage B2B to achieve new growth opportunities?
How should the new supply chain behind new retail be built?
How can intra-city logistics help B2B achieve leapfrog development? Highlights of this conference: The industry's first "2017 China FMCG B2B Industry Competitiveness White Paper"
B2B and investor project closed-door matchmaking meeting
Conference site + exhibition center, dual internet technology exhibition
Leaders from well-known companies in various fields such as Alibaba, EAS, Best Store Plus, GLP, Unilever, Hd, and Yunmei will deliver speeches and share pioneering views. October 17-18, 2017 Chongqing Convention and Exhibition Center Registration is now open. Long press the QR code below or click "Read Original" to register. Early bird tickets before September 15 enjoy a 30% discount! Add friend with note "Conference Registration" -END-