---
title: "News Flash | Yili Launches 'Yiran Milk Mineral Light Drink'; C'estbon Unveils 'West Lake Ten Scenes' Bottle; Pepsi Cola Introduces New Salted Caramel Flavor; Haitian, China Foods, Dali and Others Release 2018 Results"
description: "Yili quietly launches 'Yiran Milk Mineral Light Drink'; C'estbon introduces 'West Lake Ten Scenes' bottled water; Pepsi Cola launches a limited-time salted caramel flavor; Dannon invests EUR 240 million in a new production base; Haitian's soy sauce revenue exceeds RMB 10 billion for the first time; China Foods reports double growth; and other FMCG companies release their 2018 annual results."
author: "New Distribution"
publisher: "New Distribution"
email: "zhaobo258@gmail.com"
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published: "2019-03-27"
language: "en"
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# News Flash | Yili Launches 'Yiran Milk Mineral Light Drink'; C'estbon Unveils 'West Lake Ten Scenes' Bottle; Pepsi Cola Introduces New Salted Caramel Flavor; Haitian, China Foods, Dali and Others Release 2018 Results

> Yili quietly launches 'Yiran Milk Mineral Light Drink'; C'estbon introduces 'West Lake Ten Scenes' bottled water; Pepsi Cola launches a limited-time salted caramel flavor; Dannon invests EUR 240 million in a new production base; Haitian's soy sauce revenue exceeds RMB 10 billion for the first time; China Foods reports double growth; and other FMCG companies release their 2018 annual results.

Today's Headlines
Yili Launches 'Yiran Milk Mineral Light Drink'
Recently, Yili quietly launched a new product called 'Yiran Milk Mineral Light Drink', available in multiple flavors including milk, grapefruit, and peach. It is now on sale at 7-Eleven convenience stores.
C'estbon 'West Lake Ten Scenes' Bottle Unveiled
Recently, C'estbon's official Weibo account unveiled a special bottled water featuring the 'West Lake Ten Scenes'. From the released posters, the bottle body uses an ink-wash style to showcase the ten scenic spots of West Lake: Su Causeway in Spring Dawn, Quyuan Wind and Lotus, Pinghu Autumn Moon, Broken Bridge with Remnant Snow, Orioles Singing in the Willows, Viewing Fish at Flower Harbor, Leifeng Pagoda in Evening Glow, Twin Peaks Piercing the Clouds, Evening Bell at Nanping Hill, and Three Pools Mirroring the Moon.
Pepsi Cola Introduces New Salted Caramel Flavor
Recently, Pepsi Cola launched a limited-time new product with a salted caramel flavor. The product features a leopard-print packaging, combining salty and sweet tastes. The single bottle price is over RMB 8, and it has invited Jackson Wang to strongly recommend it, seemingly aiming to make it a new internet sensation.
Dannon Invests EUR 240 Million to Expand Infant Formula Capacity!
On March 26, French food and beverage giant Dannon announced the official inauguration of its Nutricia Cuijk production base in the Netherlands, built with an investment of EUR 240 million (approximately RMB 1.8 billion). Notably, one of the major supply destinations for this base will be the Chinese market.
In a statement, Dannon said that at full capacity, it will produce over 600 products for more than 90 countries and regions, including Aptamil and Nutrilon, describing it as 'able to provide high-quality products to the Chinese market in the future, especially Nutrilon infant formula products.' The statement said that construction of the production base took three years. Dannon also stated that this base is its largest investment in European production facilities over the past 10 years.
●Financial Reports●
Haitian's Soy Sauce Revenue Exceeds RMB 10 Billion for the First Time
A brand in the domestic seasoning industry has become the first to achieve annual soy sauce revenue exceeding RMB 10 billion.
Haitian Flavouring & Food announced that in 2018, the company's operating revenue was RMB 17.034 billion, a year-on-year increase of 16.8%; net profit attributable to shareholders of the listed company was RMB 4.365 billion, a year-on-year increase of 23.6%. Seasoning sauce achieved revenue of RMB 2.092 billion, a year-on-year increase of 2.55%. Oyster sauce achieved revenue of RMB 2.856 billion, a year-on-year increase of 26.02%.
Notably, Haitian's soy sauce achieved revenue of RMB 10.236 billion, an increase of 15.85% compared to last year's RMB 8.836 billion, marking the first time a brand in the soy sauce sector has exceeded RMB 10 billion in revenue.
China Foods Reports Double Growth in Annual Revenue and Net Profit for 2018
On March 27, China Foods released its annual results for the year ended December 31, 2018. During the reporting period, China Foods achieved revenue of RMB 15.648 billion, a year-on-year increase of 17.14%, and net profit increased by 23.32% year-on-year to RMB 576 million, achieving double growth in both revenue and profit.
Modern Farming: Continuous Performance Highlights, Significant Improvement in Cash Flow
On the evening of March 25, Modern Farming released its 2018 annual results, showing that after excluding one-time historical factors, its normal operating profit turned from loss to profit. Sales revenue was RMB 4.957 billion, of which raw milk sales were RMB 4.833 billion, a year-on-year increase of 9.87%. Cash EBITDA (earnings before interest, taxes, depreciation, and amortization) was RMB 1.528 billion, a significant year-on-year increase of 41.3%. The company's cash flow situation improved significantly, and the core indicator of free cash flow continued its positive trend, recording RMB 344 million.
Yantang Dairy: Revenue Increases but Profit Declines
On March 23, Yantang Dairy released its 2018 annual report. In 2018, the company achieved operating revenue of RMB 1.297 billion, a year-on-year increase of 4.68%; net profit was RMB 42.2009 million, a sharp year-on-year decrease of 65.06%.
During the reporting period, administrative expenses increased by 30.4% year-on-year, affecting profit growth. Additionally, non-recurring gains and losses had a significant impact on the company's performance, totaling RMB -9.908 million, of which losses from disposal of non-current assets were RMB -5.14 million. The net profit growth rate was lower than the revenue growth rate, mainly due to a 3.7 percentage point decrease in gross margin compared to last year and a 2.2 percentage point increase in period expense ratio compared to last year.
Unilever's Food and Beverage Business Exceeds RMB 150 Billion in Annual Revenue, Achieves Double-Digit Growth in China
Recently, Unilever released its 2018 annual report, showing that its food and beverage business achieved sales revenue of EUR 20.2 billion (approximately RMB 153.5 billion) in 2018, accounting for 40% of Unilever's overall revenue and contributing 58% of its operating profit. Unilever's food and beverage business, including Wall's, Knorr, Lipton, and Unilever Food Solutions, recorded double-digit growth in the Chinese market last year.
It is understood that Unilever's food and beverage business has five global brands with revenue exceeding EUR 1 billion (approximately RMB 7.586 billion), including Knorr, Hellmann's, Magnum, Lipton, and the 'heart' brand (e.g., Wall's). It clearly stated that the key priorities for the food and beverage business include portfolio transformation, making the organization more agile and cost-effective, and improving capabilities.
Youzan's Losses Widen, Loss of HK$849 Million in 2018
On March 26, Youzan announced its 2018 annual results. In 2018, Youzan achieved turnover of HK$685 million, a year-on-year increase of 229.3%; losses widened to HK$839 million, compared to a loss of approximately HK$135 million in 2017. Youzan stated that the increase in losses was mainly due to increased selling and distribution expenses, administrative expenses, amortization of intangible assets, and other operating expenses since the acquisition of the Youzan Group, as well as the granting of award shares under the share award scheme. Of the above losses, approximately HK$57 million came from goodwill impairment.
Haoxiangni's Gross Margin Declines Year by Year, Quarterly Performance Fluctuates Significantly
In 2018, Haoxiangni achieved total operating revenue of RMB 4.949 billion, a year-on-year increase of 21.59%; operating profit of RMB 148 million, a year-on-year increase of 17.08%; total profit of RMB 151 million, a year-on-year increase of 21.86%; and net profit attributable to shareholders of the listed company of RMB 128 million, a year-on-year increase of 20.09%. Despite the significant increase in Haoxiangni's performance, the actual operations are not optimistic. On the one hand, the company's overall gross margin continues to decline; on the other hand, increases in store count, warehousing, logistics, and other expenses have greatly affected the company's net profit after deducting non-recurring gains and losses.
Dali's Revenue Exceeds RMB 20 Billion for the First Time
On March 27, Dali released its 2018 financial report. Data shows that total revenue for 2018 was RMB 20.86 billion, a year-on-year increase of 5.4%. Net profit increased by 8.3% year-on-year to RMB 3.72 billion. Among them, the food segment revenue was RMB 10.422 billion, and the beverage segment revenue was RMB 9.155 billion. Except for the herbal tea category, all other categories achieved sales growth of varying degrees.
●Retail●
Pupu Supermarket Completes US$55 Million Series B1 Financing
'Pupu Supermarket', which focuses on the new front-warehouse model for fresh e-commerce, has completed its Series B1 financing, with a financing amount of US$55 million. In terms of model, Pupu follows the route of 'front warehouse + pure online operation', with each front warehouse covering a radius of 1.5 kilometers. Users place orders online, and Pupu Supermarket handles its own delivery. Starting with fresh produce, Pupu Supermarket covers a full range of SKUs. Currently, the average delivery time on the platform is 24 minutes, with 3,600 SKUs.
Guoduomei Restarts Franchising with Three Models, No Franchise Fee for Now
Guoduomei, a leading fruit chain brand in Beijing, has fewer than 100 stores after ten years since its establishment. Recently, Guoduomei officially opened franchising again, seeking accelerated expansion with a lightweight model. It is reported that Guoduomei has launched three franchise models. Model A is full investment by the franchisee, requiring an investment of approximately RMB 1 million to 1.5 million per store, including rent, decoration, equipment, and labor costs. Model B is for franchisees who bring their existing stores, mainly targeting store owners who want to convert their stores to franchising, and they can receive free decoration and equipment. Model C is provided to entrepreneurs without capital or stores, who can receive RMB 700,000 in funding support after passing an assessment. Currently, none of the three franchise models charge a franchise fee.
Video
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