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Is Nongfu Spring Losing Its Sweetness?
Nongfu Spring is once again knocking on the door of the capital market. Is it short of money, or is there another reason? In 2020, Nongfu Spring once again stood outside the capital market. The CSRC recently disclosed the approval progress for Nongfu Spring's overseas IPO, showing that the CSRC received the relevant approval materials on March 17. A Nongfu Spring spokesperson replied to a reporter from Caijing National Weekly, with almost no difference from previous statements—no comment. In fact, from multiple perspectives, as a leading enterprise in the domestic drinking water industry, Nongfu Spring's entry into the capital market is not difficult.
里雨曦Weijie City Distribution Completes Hundred-Million-Yuan Series B+ Financing: Is Spring Coming for Third-Party City Distribution?
Recently, New Distribution learned that Weijie City Distribution, a B2B warehousing and distribution logistics company, has officially completed a Series B+ financing round of over 100 million yuan, strategically led by China Resources Runxiang United Fund, with existing shareholder Falcon Capital following on. The new funds will be used to expand and improve the national warehousing and distribution network and continue upgrading the intelligent operation platform.
New DistributionCoca-Cola's 2019 National Sales Reach 40.7 Billion Yuan, with COFCO's Revenue at 17.172 Billion Yuan
Today, China Foods Limited, the major shareholder of COFCO Coca-Cola, released its full-year results. As of December 31, 2019, China Foods' total sales reached 17.172 billion yuan (RMB), a year-on-year increase of 9.7%, exceeding its performance targets. Net profit grew by up to 30.2% year-on-year to 418 million yuan. Industry analysts point out that thanks to COFCO Coca-Cola's excellent performance, China Foods has achieved 'double high' growth for two consecutive years, with 'revenue growth higher than volume growth, and profit growth higher than revenue growth.' As a specialized beverage platform, China Foods has improved profitability and operational efficiency through product mix adjustments and resource integration, demonstrating strong internal momentum to investors.
New DistributionGlobal FMCG Market Cap Top 100: Nestlé Tops, Kweichow Moutai Enters Top Five
From a market cap distribution perspective, the United States remains the dominant FMCG power across all sectors. Currently, China's FMCG industry is concentrated in food processing and alcoholic beverages, while it still lacks giants in fashion, personal care, and household products. Every July, Fortune magazine releases the Global 500 based on revenue, but revenue reflects past performance, while market cap represents the capital market's evaluation of a company's future over a certain period. Based on global closing prices on December 29, 2019, and international exchange rates that day, EO compiled a list of the top 100 consumer goods companies by market cap, primarily FMCG companies.
曹玥In the Era of Omnichannel Distribution, Will Traditional Business Managers Be Eliminated?
As a veteran city manager, Lao Wang, who has long been relied upon by his company, is feeling frustrated and depressed after missing performance bonuses for three consecutive months. With the rise of new retail and digital channels, he wonders if he is being left behind. The article argues that while the FMCG landscape is fragmenting, traditional channels still account for 80% of sales, and business managers should expand their comfort zones by learning new skills rather than abandoning old ones.
许翔China Resources Beer's First Financial Report After Acquiring Heineken: Net Profit Up 34.3%, and New Strategy Announced!
Today, China Resources Beer (Holdings) Company Limited announced its full-year results for 2019. According to the report, the company achieved consolidated turnover of RMB 33.19 billion, up 4.2% from RMB 31.867 billion in 2018; net profit reached RMB 1.312 billion, up 34.3% year-on-year; and profit before interest and tax was RMB 2.163 billion, up 47.6% year-on-year. -01- Analysis of the report shows that the growth was mainly driven by four factors: 1. Implementation of capacity optimization...
何年Listing Confirmed: CSRC Accepts Nongfu Spring's Overseas IPO Filing Materials
On March 17, according to the China Securities Regulatory Commission (CSRC), Nongfu Spring's overseas IPO filing materials were accepted the previous day, marking a significant step in its long-awaited listing journey. The company has repeatedly denied IPO rumors over the years, but industry insiders believe that listing is inevitable given the changing economic environment and the company's strategic adjustments.
New DistributionPepsiCo's $26.8 Billion Acquisition Shakes Up the Energy Drink Market
While PepsiCo's acquisition of an energy drink brand aligns with current trends, it does not guarantee that Rockstar will inject new momentum into PepsiCo's future growth.
New DistributionThree Men in the Snack Arena
The three-trillion-yuan snack market is entering a new round of competition. With the listing of Bestore on the A-share market, the 'BAT of the snack industry'—Bestore, Three Squirrels, and Baicaowei—are now all publicly traded, setting the stage for a new battle.
全天候科技Be & Cheery's New 'Artificial Meat' Snack: A New Opportunity for the Snack Industry?
Recently, Be & Cheery launched an 'artificial meat' snack called 'New Meat Era Smoked Mini Sausages', drawing attention as China's first such product. Artificial meat is defined internationally in two categories: one synthesized from plant proteins, amino acids, and fats, and another cultured from stem cells in labs. Most products on the market are the former, known as plant-based meat, while the latter remains in R&D.
李青林Budweiser APAC Releases 2019 Financial Report: Revenue $6.546 Billion, Losing Nearly 2 Billion Yuan Due to COVID-19
On February 27, Budweiser APAC released its 2019 financial report, its first since listing on the Hong Kong Stock Exchange. The report showed revenue of $6.546 billion, up 1.8%, missing market expectations, while sales volume and profit declined, partly due to the impact of COVID-19 in early 2020.
鲸落Some Go Public, Some Sell Out: Is the 2020 Snack Food Industry Reshuffling?
On February 23, after six years of preparation, the snack brand Bestore finally went public, surging 44.03% on its first day to hit the daily limit, with a total market value of 6.87 billion yuan. This brought the so-called 'Big Three' of Chinese snack e-commerce—Three Squirrels, Bestore, and Be & Cheery—together on the A-share market. However, just before Bestore's listing, Be & Cheery was sold by Haoxiangni to PepsiCo. In 2016, Haoxiangni acquired Be & Cheery for 960 million yuan, but on February 22, it sold the parent company for $705 million (about 5 billion yuan).
澄韵Mizone, Not Selling Well? Danone Releases 2019 Financial Report with Revenue Close to 200 Billion RMB
Yesterday, Danone, the food and beverage giant owning brands like Mizone and Aptamil, released its full-year 2019 financial report on its official website. According to the report, 2019 revenue was €25.3 billion (approximately RMB 192.9 billion), a 2.6% increase year-on-year (from €24.651 billion). This included a 1.2% decline in volume and a 3.8% increase in price. Among this, Danone's sales in China last year were approximately RMB 19.3 billion, still holding a significant share of its global market. Of the China market share, about two-thirds came from the specialized nutrition business (including infant formula), estimated at RMB 12.8 billion.
New DistributionImpact of the Epidemic on FMCG: Investors Predict Opportunities in 2020 from Demand, Behavior, and Supply
Recently, in the New Distribution live room, we invited several well-known investors in the consumer goods field to discuss the changes and development trends in the food industry in 2020 under the shadow of the epidemic. The investors gave some very pertinent and practical suggestions, which we now share with you.
赵波Creating a 200 Billion Yuan Market Value in Ten Years: Zhu Wei's 15,000-Word Grand Blueprint, Every Word Practical, Highly Recommended!
On January 18, Yanghe announced Vice President Zhu Wei's resignation, sparking industry speculation about his next move. In mid-February, it was reported that Zhu Wei had become Chairman and General Manager of Guizhou Chun Liquor, and he subsequently released three open letters outlining his ambitious plan to build a 200 billion yuan market value liquor group within ten years.
朱伟Sun Art Retail's Parent Company Reports Strong 2019 Results: Revenue and Profit Both Increase! Comments on the Epidemic...
On February 20, Sun Art Retail released its full-year 2019 financial report, the second year after being acquired by Alibaba. According to the annual report, as of December 31, 2019, Sun Art Retail's total sales revenue was 101.868 billion yuan, a year-on-year increase of 0.5%; revenue was 95.357 billion yuan, a decrease of 4% compared to 99.359 billion yuan. Operating profit was 4.890 billion yuan, up 4.1% from 4.698 billion yuan the previous year. Additionally, total sales revenue (cash generated from in-store sales) for 2019 was 101.868 billion yuan.
New DistributionCan Kraft Heinz, the Company That Made Warren Buffett 'Step on a Mine,' Return to Its Peak?
Kraft Heinz reported a 5.1% year-over-year decline in Q4 2019 revenue to $6.536 billion, missing expectations, and a 5% decline for the full year to $24.977 billion. The company's stock plunged 11% after the earnings call, and Fitch downgraded its credit rating to junk status, reflecting heavy debt and declining profits.
New DistributionHuiyuan's Delisting: How the Former 'Juice King' Fell So Far
Huiyuan Juice has begun its delisting process. After being suspended for nearly two years, the company received a delisting notice from the stock exchange. Since its suspension in March 2018 due to a violation involving a short-term loan, Huiyuan has faced a series of setbacks, including a sharp drop in market value and the freezing of its founder's assets. Now, the former juice giant is about to face its biggest blow since listing.
王元也PepsiCo's First Year Under New Leadership in 2019: Revenue Reached $67.161 Billion
PepsiCo reported full-year 2019 net revenue of $67.161 billion, a 3.9% increase from the previous year, with operating profit of $10.29 billion. Despite strong performance in North America and other regions, net income attributable to the company fell 42% for the year, and the company temporarily closed all its factories in China due to the coronavirus outbreak.
New DistributionNestlé Reports 2019 Financial Results; CEO Schneider Discusses Yinlu and Impact of Coronavirus
Nestlé, the global food and beverage giant with over 2,000 brands and operations in 191 countries, released its full-year 2019 results yesterday. Total sales reached CHF 92.568 billion (approximately RMB 661.44 billion), up 1.23% from the previous year, with net profit of CHF 12.609 billion (approximately RMB 90.097 billion), up 24.4% year-on-year, marking three consecutive years of growth.
New DistributionYijiupi's Strategic Acquisition of Zhangshang Kuaixiao: The Changing B2B Market Behind It
On February 11, Yijiupi announced a strategic merger with Zhangshang Kuaixiao, a leading FMCG B2B company in South China, after which Yijiupi will hold 100% equity in Zhangshang Kuaixiao. The news quickly sparked heated discussions among industry insiders. To this end, New Distribution organized a live discussion on the topic 'During the epidemic, Yijiupi strategically acquires Zhangshang Kuaixiao: Is the spring of FMCG B2B in 2020 coming?' The following is a transcript of a conversation between Zhao Bo, founder of New Distribution, and Zhou Bin, co-founder and COO of Renwoxing Technology, which has been edited and released.
New DistributionHaitian Flavoring Loses Trademark Moat: 'Haitian' Trademark Cannot Be Used in Edible Oil
In edible oil, this 'Haitian' is not the same as that 'Haitian'; soy sauce terms like 'Yuanniangzao' and 'Weijixian' are not exclusive to Haitian either. Haitian Flavoring has lost its trademark moat. Despite being the absolute leader in the condiment industry with a market value of over 100 billion yuan, Haitian has spent heavily on brand building—from top online variety shows like 'Qipa Shuo' and 'Tucao Dahui' to the卫视老牌音乐竞技 'Singer-Dangda Zhi Nian' that started this week, Haitian appears as a sponsor. However, with sales expenses doubling to 2 billion yuan in five years, not only has Haitian's revenue growth lagged behind the growth of sales expenses, but its 'Haitian' trademark 'loss' in the edible oil category and trademark conflicts with Jiajia and Chubang have undoubtedly undermined its brand-building efforts.
林辰Unilever Considers Selling Lipton, the World's Largest Tea Company
Unilever announced its Q4 and full-year 2019 results, with Q4 growth at a decade low of 1.5%, leading to a slight miss on full-year expectations. The company has begun a strategic review of its global tea business, potentially selling its tea operations, which generate €3 billion in annual sales, as part of efforts to boost growth.
New DistributionAre We Drinking 'Luckin' or 'Coffee'?
Discussions about Luckin Coffee have been polarized from the start, with supporters buoyed by the Q3 earnings report announcing per-store profitability, while detractors point to unsustainable spending and a short seller report alleging fraud. The report, not from Muddy Waters itself, claims Luckin's key metrics are inflated and its business model is fundamentally broken, but a closer examination reveals sampling issues and questionable assumptions.
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