Click the image for details NO.1 Total revenue of 33.494 billion yuan in H1, up 11.32% Secured 2022 Winter Olympics sponsorship Yili's steady growth It is understood that on the evening of August 30, Yili Co., Ltd. (600887) released its 2017 interim report. The financial report shows that from January to June this year, Yili achieved total operating revenue of 33.494 billion yuan, an increase of 11.32% year-on-year, and net profit of 3.368 billion yuan, an increase of 4.52% year-on-year. With its scale advantages in revenue and net profit, as well as strong growth, Yili continues to lead the entire industry. Yili pointed out that due to its focused strategy and precise marketing, sales revenue from key product lines such as "Jindian", "Ambrosial", "Changqing", "Meiyitian", "Joy Day", "Jinlingguan", "Qiaolezi", and "Zhenxi" increased by nearly 31% compared to the same period last year. Moreover, AC Nielsen data from January to May 2017 shows that Ambrosial and Jindian had the highest shares, with sales growth rates of 52% and 28% respectively, significantly driving overall revenue growth. NO.2 Revenue of 29.466 billion yuan, net profit of 1.13 billion yuan Telunsu already exceeded 10 billion Mengniu achieves double growth Mengniu achieved double growth in performance, completely turning the tide! On August 30, Mengniu Dairy (2319.HK) released its 2017 interim report in Hong Kong. The announcement shows that sales revenue in the first half of the year maintained a high growth rate of 8.1% on top of the 9.7% growth in 2016, reaching 29.4658 billion yuan. Operating profit was 1.8056 billion yuan, up 18.4% year-on-year, and net profit was 1.13 billion yuan, up 4.7% year-on-year. Star brands performed outstandingly. Telunsu, the top-selling single milk product in China whose sales exceeded 10 billion yuan last year, achieved nearly 10% growth. Pure Zhen and True Fruit Granules achieved high growth of 35% and 25% respectively. Products like Guanyiru and Youyi C also delivered impressive results. While star brands performed well, a series of new products launched by Mengniu also became new drivers of rapid growth. Among them, Telunsu not only upgraded its organic milk but also launched new low-temperature yogurt products, receiving positive market feedback. Youyi C's innovative LC-37 new product, containing 50 billion lactic acid bacteria essence, helped the category achieve a new breakthrough. Mengniu Group CEO Lu Minfang expressed confidence in Mengniu's performance in the second half and the future. He stated that the group will continue to focus on centralized supply chain management, innovation product promotion, using big data to understand consumer needs, continuously expanding overseas markets, and building a pragmatic corporate culture, to consolidate channel advantages, improve operational efficiency, enhance profitability, and achieve better growth in performance and profit. NO.3 Tsingtao, Snow, Yanjing, and Zhujiang release interim reports Is the spring for domestic beer coming? As of August 30, all five listed beer companies had released their 2017 interim reports. Data shows that except for one company, four companies achieved double growth in revenue and profit, indicating a clear recovery trend in the beer industry. On August 21, China Resources Beer released its 2017 interim report, with revenue of approximately 15.774 billion yuan, up 3.7% year-on-year; profit attributable to owners was 1.170 billion yuan, up 93.4% year-on-year. On August 25, Chongqing Beer released its 2017 interim report. From January to June, the company achieved operating revenue of 1.59 billion yuan, a slight decrease of 2.82% year-on-year, and net profit attributable to listed company shareholders of 162 million yuan, a significant increase of 64.55% year-on-year. On August 26, Zhujiang Beer released its 2017 interim report, showing revenue of 1.831 billion yuan and net profit attributable to listed company shareholders of 83 million yuan, up 11.59% and 46.70% respectively compared to 2016. On the same day, Chongqing Beer (controlled by Carlsberg) reported H1 revenue of 1.590 billion yuan, down 2.82% year-on-year, and net profit of 161 million yuan, up 64.55% year-on-year. On August 28, Yanjing Beer released its 2017 interim report. In the first half of 2017, the company's operating revenue was 6.338 billion yuan, and net profit attributable to listed company shareholders was 491 million yuan, up 0.71% and 8.78% year-on-year respectively. On August 30, Tsingtao Beer released its 2017 interim report. During the reporting period, the company achieved beer sales of 4.53 million kiloliters, up 2% year-on-year; operating revenue of 15.063 billion yuan, up 2.15% year-on-year; and net profit attributable to listed company shareholders of 1.148 billion yuan, up 7.43% year-on-year. According to data from the National Bureau of Statistics, in the first half of this year, the domestic beer industry produced 22.69 million kiloliters of beer, up 0.8% year-on-year, reversing the downward trend of recent years. Coupled with the overall positive reports from listed beer companies in the first half of 2017, the beer industry is showing a good momentum of stabilization and recovery. Listed beer companies are reporting good news with double growth in revenue and profit. Is the beer industry about to usher in a feast? Industry insiders have expressed different views. He Yong, Executive Deputy Secretary-General of the China Alcoholic Drinks Association and Secretary-General of the Beer Branch, pointed out that the decline in domestic beer production and sales in recent years is mainly due to the fragmentation and personalization trends in the consumer market, as well as the aging population. After three consecutive years of decline in beer production, the room for decline is limited, and the slight rebound in the first half of 2017 was expected. During the industry recovery, beer companies are upgrading their product structures, and the future will enter a stage of fragmented and personalized consumption. Some industry insiders pointed out that although the industry showed signs of recovery in the first half of 2017, it can only be regarded as a "bottom rebound" after three years of decline. In 2016, the comprehensive capacity utilization rate of China's beer industry was only 59%, indicating severe overcapacity. From January to June 2017, China's beer industry produced 22.686 million kiloliters, up 0.8% year-on-year. Imported beer volume reached 330 million liters, up 6.7% year-on-year, and import value was 340 million US dollars, up 5.1% year-on-year, with growth rates far exceeding domestic beer. In the high-end beer market, imported beer holds a market share of over 50% and is further eroding the market. Therefore, it is still too early to say that the spring for domestic beer has arrived; the industry recovery will go through a slow and tortuous process. NO.4 Revenue exceeded 2.8 billion yuan in H1 New media marketing commendable Huiyuan Juice delivers impressive results In the first half of this year, Huiyuan Juice's revenue reached 2.802 billion yuan, up 4.3% year-on-year. Gross profit increased by 13.1% from 1.075 billion yuan in the same period last year to 1.215 billion yuan. Huiyuan Juice's profit continued to grow in the first half, with net profit reaching 55.92 million yuan as of June 30, 2017, up 78.3% year-on-year. According to Nielsen retail tracking survey data, in the first half of 2017, overall beverage industry sales grew by 9.0%, while juice industry sales increased by 1.2% year-on-year. Among them, sales of 100% juice and medium-concentration fruit and vegetable juice maintained steady growth. The interim report shows that in the first half, Huiyuan's 100% juice sales revenue reached 1.036 billion yuan, up 16.1% year-on-year; medium-concentration fruit and vegetable juice sales revenue reached 771 million yuan, up 5.5% year-on-year. The report states that in the first half of this year, Huiyuan continued to promote product portfolio optimization and upgrade existing products. In marketing, Huiyuan used new media communication to complement traditional advertising. In sales, Huiyuan adopted a dual model of direct sales and distribution, with equal emphasis on online and offline distribution channels, to build a full-coverage sales network and continuously strengthen brand influence. In addition, Huiyuan continued to strengthen production control, and on the basis of ensuring quality, further saved costs through informatization and other means. Through multi-pronged strategic measures, Huiyuan maintained sustained growth in performance and steady profit improvement in the first half of 2017. NO.5 South Korea's Lotte injects more capital into China market May last until end of this year or early next year South Korea's Lotte says it will not withdraw South Korea's Lotte Group (hereinafter referred to as "Lotte Group"), affected by the THAAD issue, is not preparing to give up the Chinese market. On the contrary, it is considering injecting more funds into the Chinese market. According to South Korea's "Asia Economy" report, Lotte Group plans to issue a new batch of bonds guaranteed by the Export-Import Bank of Korea in Hong Kong, with its Hong Kong Lotte Shopping Holdings company deciding on the fundraising scale and timing, and raising funds locally in China. This capital may allow it to last until the end of this year or early next year. This is Lotte's second preparation for capital injection into the Chinese market this year. The first was in March this year, when Lotte Group injected 360 billion Korean won into Lotte Mart's Chinese stores. Since the THAAD incident, Lotte Mart, which was already performing poorly, has become even more difficult. As of the end of July this year, 74 of Lotte Mart's 112 Chinese stores were still closed, and 13 were temporarily closed. A Lotte Mart official told South Korea's "Chosun Ilbo" that Lotte Mart needs to pay 90 billion Korean won per month for Chinese employee wages and store rents. "If this situation continues until the end of the year, the loss will reach 1 trillion Korean won." Currently, Lotte Group still wants to maintain Lotte Mart's business in the Chinese market. A senior executive at Lotte Department Store once revealed that if the situation does not improve by the first half of next year, the company may adjust its business portfolio in China or restructure some stores. NO.6 MissFresh launches "Bianli Gou" Office retail is being given new meaning Office snack cabinets rise MissFresh recently began deploying its offline project - MissFresh Bianli Gou cabinets - in office areas of commercial networks in Beijing. The cabinets mainly consist of three parts: ambient shelves, refrigerated cabinets, and freezers, offering yogurt, fruit, snacks, and other products. Purchases are made through a WeChat mini-program for self-payment, similar to vending machines in subways, but the cabinet doors can be opened. MissFresh Vice President Li Yang previously stated that the idea came from its backend data, where 20% of orders were delivered to offices, hence the Bianli Gou initiative. Public reports say that MissFresh Bianli Gou currently covers concentrated office areas in Beijing, such as Guomao, Wangjing, and Zhongguancun. In the short term, it focuses on Beijing, strengthening penetration into small and medium-sized enterprises and expanding business with large enterprises. This is called reclaiming offline traffic. However, data on the current number of cabinets deployed and daily sales are unknown. The product selection logic of MissFresh's "Bianli Gou" is consistent with the MissFresh APP, as its supply comes directly from front warehouses, still focusing on fresh products. On the refrigerated shelves, you can buy whole oranges and apples on the spot, as well as frozen yogurt and juice. Li Yang told reporters: "Currently, MissFresh's refrigerated cabinets can basically be replenished once a day, meaning they sell out in about two days. And 15% to 20% of cabinets can be replenished twice a day." In this case, the loss rate remains at a very low level. Currently, the average daily sales per Bianli Gou cabinet are within 200 yuan, three times that of ordinary shelves. However, MissFresh does not seem to value these numbers. Compared to startup snack cabinet companies that strive for financing and scale expansion, MissFresh places more emphasis on the offline traffic of Bianli Gou feeding back to online traffic, while serving users in more scenarios and deepening user stickiness. At present, although the office retail cabinet track is fiercely competitive, no giant has emerged yet. As venture capital bets on startups, it is not ruled out that subsidy and marketing wars may occur in the future. Currently, in first- and second-tier cities, there are nearly 100 million office workers and offices. As a semi-enclosed, high-frequency, high-conversion consumption scenario, startups troubled by traffic will not let it go. NO.7 From September 1 Three major telecom operators fully cancel Domestic long-distance and roaming fees canceled China Mobile, China Unicom, and China Telecom, the three major operators, will fully cancel domestic long-distance and roaming fees for mobile phones from September 1. Since operators have already unified national call rates in 3G and 4G packages, this change mainly benefits 2G package consumers directly. NO.8 Don't spend money recklessly abroad Must report to the state Overseas card spending over 1,000 yuan needs to be reported The State Administration of Foreign Exchange issued the "Notice on Financial Institutions Reporting Overseas Transaction Information of Bank Cards", stipulating that from September 1, domestic card-issuing financial institutions must report to the foreign exchange bureau all cash withdrawals and consumption transactions of single transactions equivalent to more than 1,000 yuan made with domestic bank cards overseas. NO.9 Guizhou liquor merchants cry in the toilet Guizhou bans all alcohol at official activities According to the "Regulations on the Comprehensive Ban of Alcohol in Official Activities in Guizhou Province", from September 1, all official activities within the province are prohibited from providing any alcohol, drinking any alcohol provided by any unit or individual, including privately brought alcohol, and giving any alcohol as gifts with public funds. NO.10 You post a food photo on Moments AI can analyze the ingredients in the recipe AI can identify food ingredients Want to know how the delicious food your friends post on Moments is made? What ingredients are used? A new artificial intelligence is here. Take a photo and upload it, and it can identify which ingredients are used and recommend similar recipes to you, with an accuracy rate of up to 65%. This new intelligent food recognition system is called "Pic2Recipe", and it even has the potential to become a "table assistant" for people, helping them analyze nutritional information in food. A team from MIT's Computer Science and Artificial Intelligence Laboratory (CSAIL), based on earlier research on AI and algorithms, created a recipe database. They believe that such photo analysis can help people understand recipes, thereby providing valuable suggestions for healthy eating habits and better understanding people's dietary habits. For a static image of a dish, the deep learning algorithm developed by the CSAIL team can accurately infer the ingredients and recipe. In a recent article published by the Qatar Computing Research Institute (QCRI), the CSAIL team designed the PicRecipe system, which can read a photo of food, predict its ingredients, and provide similar recipes. In the future, the team hopes to improve the system so it can analyze more detailed information, such as the preparation method of the food, whether it is stewed or diced, or distinguish more different types of food, such as mushrooms or onions. The researchers are very interested in developing the system into a "table assistant" that can provide cooking suggestions based on dietary preferences and the list of ingredients in the refrigerator. Hynes said: "The system can help people analyze what they are eating when they don't have clear nutritional information. For example, if you know the ingredients in a dish but not the amounts, you can take a photo, input the corresponding ingredients, run the model, find a similar recipe with known quantities, and then use that information to estimate your dietary intake." If you like the information prepared by the editor, please like and share it~ Mwah Click 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 1,000+ distributors, 500+ brand owners, founders of 200+ B2B platforms, and 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 achieve new growth opportunities through B2B
********How to build the new supply chain behind new retail
********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"
Case sharing of excellent distributors' transformation and upgrading
********Conference + exhibition upgrade, Hall 6 Internet Technology Exhibition strengthens networking
********Leaders from well-known companies in various fields, including Alibaba Retail Link, Prologis Finance, Eternity Supply Chain, Best Store Plus, Yijiupi, Unilever, Haiding Technology, and Yunmei Shares, will deliver speeches and share pioneering views. October 17-18, 2017 Chongqing International Expo 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 and note "Conference Registration" Click the links below to review the highlights of the first and second FMCG + Internet conferences: 2016 "FMCG + Internet" Summit Forum 2017 (2nd) China FMCG + Internet Conference Click the links below to review the highlights of the first and second FMCG + Internet conferences: 2016 "FMCG + Internet" Summit Forum -END-