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Capital, Earnings & M&A

Qiaqia Food's Net Profit in First Three Quarters Increased by 32.27%, Joining Forces with Focus Media to Target 10 Billion Revenue

On the evening of October 17, Qiaqia Food (002557.SZ), a leading nut company, released its third-quarter report for 2019. During the reporting period, the company achieved operating revenue of 3.219 billion yuan, a year-on-year increase of 10.64%, and net profit attributable to shareholders of 400 million yuan, a year-on-year increase of 32.27%. Notably, Qiaqia's single-quarter revenue in the third quarter was 1.232 billion yuan, a year-on-year increase of 19.01%, with a significant sequential improvement in revenue growth. Core products such as the blue bag flavored sunflower seeds and the small yellow bag nuts maintained strong growth.

New Distribution
Capital, Earnings & M&A

Community Group Buying: A Battle Royale

Behind the impressive order numbers lie losses, and once financing fails to keep up, the surviving players in community group buying will face an even more difficult game. A year ago, the wave of community group buying startups surged, and capital gave rise to many entrepreneurial stars, one of which was Songshu Pinpin. Among these startups, Songshu Pinpin launched the latest, officially going online in August 2018. However, thanks to the halo of its founder Yang Jun, a former Meituan veteran, Songshu Pinpin secured $61 million in financing within just one year. Tu Fanfei, a former employee of Songshu Pinpin, still remembers the scene when he joined the company last September, describing it with four words: chaotic and messy.

星莹 晋源 钟微
Capital, Earnings & M&A

Zong Qinghou: Private Enterprises Need Not Worry About Succession; Everything Will Work Out

In an exclusive interview, Zong Qinghou, founder of Wahaha, reflects on the company's 32-year journey, emphasizing the need for a 'second startup' through innovation in management, products, and marketing. He also discusses the 'Danone-Wahaha dispute,' the role of first-generation entrepreneurs, and his views on China's economy, urging for reforms in healthcare, education, and housing to boost domestic consumption.

侯润芳 程泽
Capital, Earnings & M&A

Yakult Expands Capacity: Transformation and Upgrading or a 'Big Adventure'?

In recent years, Yakult's performance has shown a slight slowdown, but its subsidiary Yakult (China) Investment Co., Ltd. continues to expand production capacity, aiming to maintain its leading position in the industry by tapping into lower-tier markets. Recently, Yakult's new factory in Foshan was completed, becoming its third factory in Guangdong. Not long ago, the second plant of Yakult's Wuxi factory was also completed. If both new plants go into operation, Yakult will have six production bases in five Chinese cities including Guangzhou, Shanghai, Tianjin, Wuxi, and Foshan, with a maximum production capacity of 14.2 million bottles per production day.

陈妮希
Capital, Earnings & M&A

Difficult Product Selection, Difficult Channels, 90% of Distributors' Performance Declining?

In exchanges with distributors, many reported unsatisfactory performance this year, with some even saying, "The situation is bad, and it's estimated that 90% of distributors will see a decline in performance." What do you think about this data? Besides the registration dividend mentioned earlier, this topic is also worth exploring. The polarization is intensifying, with performance showing a stark contrast.

孙英
Capital, Earnings & M&A

Uni-President Responds to Recall of Multiple Tong Daren Instant Noodles in New Zealand

According to media reports, on September 25, 2019, StVeyron Trading Ltd recalled multiple Uni-President Tong Daren instant noodle products in New Zealand due to undeclared allergens (soy, egg, fish, and sesame). Uni-President (China) Investment Co., Ltd. responded urgently, stating that the company never produced products for export to New Zealand and that the recall was due to unauthorized traders exporting domestic products privately.

食品君
Capital, Earnings & M&A

Off-Season Not Dull | Bottled Water: A Guide to Navigating the Off-Season Market

In October, as bottled water enters its off-season, many water companies' sales staff struggle to meet annual targets with limited budgets. Common tactics like using distributor rebates or threatening distribution rights to force stockpiling lead to unsold inventory and brand damage. This article explores how to achieve performance goals without such consequences by focusing on product structure and channel characteristics, emphasizing that there is only one bottleneck to overcome for growth.

海游
Capital, Earnings & M&A

Tianwo's Fallout: The Unconventional Downfall of a 3 Billion Yuan Distributor

A 3 billion yuan liquor distributor collapsed two years after its peak sales, due to 2.1 billion yuan in funds going missing. The company's disclosure of prepayments may be unrelated to the agreements, raising concerns about related-party transactions and governance failures.

云酒
Capital, Earnings & M&A

Budweiser's IPO: A Determined Push

Budweiser APAC, a subsidiary of Anheuser-Busch InBev, has revived its Hong Kong IPO plans after a previous halt, aiming to raise funds to address its parent company's debt burden. Despite the region's growth potential, the company faces intense competition in China's high-end beer market.

少仁
Capital, Earnings & M&A

Weiwei, Drunk and Dizzy

For both Weiwei and the liquor industry, this has been a period worth reflecting on. Once a joyful soy milk brand, Weiwei lost its way due to a 'hangover'. Now, the intoxication is fading.

云酒
Capital, Earnings & M&A

Three Squirrels: Behind the Scenes

As school starts, the author, away from home, decides to send snacks to their kids and becomes intrigued by the brand Three Squirrels. After seven years, the company has evolved from an online-only brand into a digital supply chain platform enterprise, with impressive financials and a strategy focused on product diversification and offline expansion.

郭之富
Capital, Earnings & M&A

Mondelez's Local Breakthrough and Product Revolution

In 2018, Mondelez ended four years of declining performance and began to recover. Its star product Oreo, despite being over a century old, has been "playing" with everything from wasabi and spicy chicken wing flavors to music box cookies and an edible Forbidden City. In the context of a collective downturn for FMCG brands, what's new about Mondelez's path to breakthrough? Compared to the recent bad news about Quanjude, Mondelez International, which has served human taste buds for a century, is seeing a turnaround after years of decline. Its 2018 annual report showed revenue of $25.938 billion, ending the decline that began in 2014.

金梅
Capital, Earnings & M&A

AB InBev Restarts Asia-Pacific IPO Two Months After Calling It Off

On September 12, AB InBev announced that its Asia-Pacific subsidiary (Budweiser APAC) has resumed its application to list a minority stake on the Hong Kong Stock Exchange. The decision depends on various factors and current market conditions, with J.P. Morgan and Morgan Stanley as sponsors. The business no longer includes Australia, as AB InBev sold the Australian subsidiary to Asahi Group in July for $11.3 billion.

New Distribution
Capital, Earnings & M&A

A Retrospective of China's Beverage Industry: Entrepreneurship, Rupture, and Capital Games

This article reviews the history of China's beverage industry, highlighting the rise and fall of major brands, their struggles with foreign capital, and the complex interplay of business, politics, and personal relationships. It covers iconic companies like Jianlibao, Wahaha, Huiyuan, and others, illustrating the industry's evolution and the challenges faced by entrepreneurs.

显岳
Capital, Earnings & M&A

In H1 2019, How Did Other Condiment Companies Fare Besides Haitian?

In the first half of 2019, China's condiment industry continued its rapid growth. Among listed companies, Haitian Weiye led in both revenue and net profit, while Yihai International saw the highest revenue growth. Challenges included slowing growth for some and losses for others, with overall industry trends pointing towards transformation and upgrading.

综合整理
Capital, Earnings & M&A

The Mystery of Quanshi Convenience Stores

Quanshi convenience stores were suspiciously 'sold', leaving a large number of investors unable to recover their debts. As creditors pressed, a mysterious 'bet-on agreement' emerged, leading to suspicions that the mastermind was playing a game of escape. The question of who now owns Quanshi convenience stores is the most pressing concern for investors in Quanshi financing products.

有趣有料的
Capital, Earnings & M&A

First Revealed: The Real Reason Behind PepsiCo's Investment in WuGuFang is Not Purely Financial

Over a month ago, an equity acquisition deal in China's food industry not only broke PepsiCo's recent record of no acquisitions in China but also sparked curiosity about the logic behind it. Last Friday, WuGuFang (1837.HK) held its 2019 interim results conference, providing an excellent window into the deal. Data shows that less than a year after listing on the Hong Kong Stock Exchange, WuGuFang, known as the 'second-largest natural health food company in China,' received an olive branch from PepsiCo.

小食代
Capital, Earnings & M&A

China Shengmu's Loss Narrows in H1 After Mengniu 'Blood Transfusion', Organic Business Continues to Shrink

China Shengmu, the 'largest organic dairy company in China', saw its H1 2019 revenue rise 1.5% to RMB 1.421 billion and its loss narrow to RMB 20.8 million from RMB 1.278 billion a year earlier, aided by strategic investor Mengniu. However, the company's organic strategy continues to contract, and its downstream liquid milk business remains loss-making.

New Distribution
Capital, Earnings & M&A

5 Standardizations and 9 Tips to Help Ordinary Salespeople Achieve Tenfold Performance

The key factor in whether a product succeeds is not the product itself, but the frontline salesperson. This article provides five standardizations and nine tips to enhance individual sales capability, including creating standardized templates, using mentorship, summarizing successful cases, fostering positive mindsets, and building a motivating culture.

酒类专业财经媒体
Capital, Earnings & M&A

Rural Youth No Longer Drinking Six Walnuts?

Yangyuan Drinks recently disclosed its 2019 semi-annual report, showing declines in both revenue and net profit year-on-year. The company attributed the decline to increasingly personalized consumer demands, diversified choices, and proactive inventory adjustments across channels. For urban consumers, Six Walnuts seems confined to TV ads, yet the company's annual revenue exceeds 8 billion yuan, driven by a rural-first strategy.

每日经济新闻
Capital, Earnings & M&A

Half-Year Revenue of 11.1 Billion Yuan, Dali Foods Achieves Growth in Both Revenue and Profit, with Doubendou Performing Well!

On August 28, 2019, Dali Foods Group Co., Ltd. (hereinafter referred to as "Dali Foods") released its interim results for 2019, showing revenue of 11.13 billion yuan for the first half of 2019, a year-on-year increase of 1%; gross profit of 4.56 billion yuan, up 5.1%; gross margin rose 1.6 percentage points to 41% from 39.4% in the same period last year; net profit of 2.07 billion yuan, up 5.27%. Among them, the food segment's sales revenue increased from 5.101 billion yuan in the first half of 2018 to...

New Distribution
Brand Marketing

China Resources Beer CEO Reveals Latest Progress in Integrating Heineken China, Comments on AB InBev Asia Pacific's Postponed IPO

China Resources Beer Holdings (00291.HK) announced its first-half 2019 results, its first since completing the acquisition of Heineken China in April. CEO Hou Xiaohai discussed plans for new products and channels, the smooth integration of Heineken China, and expressed hope that Heineken would gain a market share similar to Corona. He also said the company is closely watching AB InBev's potential sale of a minority stake in its Asia business.

小食代
Capital, Earnings & M&A

Tsingtao Brewery Reports 2019 Interim Results: Beer Sales Volume of 4.73 Million Kiloliters and Revenue of RMB 16.55 Billion

On August 15, Tsingtao Brewery released its 2019 interim report. In the first half of 2019, the company achieved operating revenue of RMB 16.551 billion, up 9.22% year-on-year, and net profit attributable to shareholders of listed company of RMB 1.631 billion, up 25.21% year-on-year. The company sold 4.73 million kiloliters of beer, a year-on-year increase of 3.6%.

New Distribution
Brand Marketing

Is Xiangpiaopiao Making a Comeback?

After a rough 2018, Xiangpiaopiao's stock has surged up to 161% since October, driven by the success of its new MECO juice tea product, which is on track to exceed 1 billion yuan in annual sales. The company aims to reach 10 billion yuan in revenue within five years, but faces challenges from shorter product lifecycles and intense competition.

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