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Huiyuan's Net Profit Surge Raises Questions: Director-Level Employees Asked to Borrow 200,000 Yuan Each
Huiyuan, still suspended from trading, released unaudited annual data showing a 10.35-fold year-on-year increase in net profit for 2017. However, thousands of employees at its subsidiaries have not yet received their February wages, raising questions about the company's financial health.
淮纯菊Big News! Eternal Asia Announces 2017 Financial Report: Revenue of 68.515 Billion Yuan, Net Profit of 595 Million Yuan
Eternal Asia, China's first listed supply chain company, released its 2017 financial report, revealing key insights for the FMCG industry. The report highlights the 380 distribution platform's dominance, the low-margin challenge in FMCG, the strategic push into convenience stores, and the high profitability of its supply chain finance arm.
New DistributionNews Flash | Major! 23 Wuliangye Distributors Become Shareholders; Shocked! Business Licenses for Express Delivery of 15 Companies Including Suning Cloud Commerce Revoked; Danone Q1 Revenue Up 4.9%...
Highlights: 01 Wuliangye's 1.85 billion yuan private placement completed, with 23 liquor distributors including Yinji, Song Ning, and Jia Guangqing becoming shareholders. 02 Wahaha denies that share buyback is for IPO preparation. 03 Business licenses for express delivery of 15 companies including Suning Cloud Commerce revoked. 04 First industry standard for aged liquor to be released. 05 Kongfujia adjusts prices for three products in Shanghai. 06 Gatorade launches sugar-free G Zero. 07 Suguo fully launches on JD Daojia. Financial reports: Danone Q1 revenue up 4.9%; Heineken Asia sales up 11%; Jialebao 2017 loss of 54.29 million; COFCO Sugar 2017 net profit up 43.69%; Hengshun Vinegar 2017 revenue up 6.52%; Yantang Dairy 2017 revenue up 12.58%.
New DistributionNews Flash | Nongfu Spring Invests Another 500 Million Yuan in Tea Beverage Project; Luzhou Laojiao to Phase Out a New Round of Distributors; Walmart Continues Store Closures...
Highlights include Tao Li Bread launching a new 'dirty bread' product, Coca-Cola entering Japan's soda wine market, Quan Shi convenience stores expanding to Nanjing, Sanyuan introducing a new yogurt, Qinqin shrimp crackers launching crayfish-flavored snacks, Luzhou Laojiao potentially eliminating distributor brands, Nongfu Spring investing 500 million yuan in a tea beverage project, Walmart closing three stores in less than a month, Shuangta Food releasing its 2017 annual report, Schwarzkopf recalling defective hair dyes, and experts defending instant bird's nest products.
New DistributionFrom 3,000 Yuan to a Fortune of 13 Billion: Why Does Chen Kaixuan's Liby Group Insist on Not Going Public?
Liby Group founder Chen Kaixuan, who started with 3,000 yuan, has built a fortune of 13 billion yuan. Despite the company's success, he has consistently refused to take it public, a stance shared by other private enterprises like Huawei and Wahaha. This article explores the reasons behind this decision, including the company's strong brand recognition, sufficient cash flow, and the founder's cautious approach to capital markets.
New DistributionFrom Channel Warfare to PR Marketing: China's Largest Brewer Turns Around
Recently, major beer companies released their 2017 results, drawing attention as the industry undergoes transformation. Overall, Chinese beer giants performed decently, with net profit growth outpacing revenue growth, signaling a shift from market share to profitability. China Resources Snow Breweries, the largest by sales volume, reported revenue of RMB 29.732 billion, up 3.6% year-on-year, and net profit attributable to shareholders of RMB 1.18 billion, up 86.8%.
袁镇章Romans, Mongols, and the Mid-Game Battle of FMCG B2B
Recently, New Distribution held the '4th FMCG + Internet' conference in Chengdu, where brand owners, distributors, and B2B players gathered to review the past and look to the future. After years of relentless march, FMCG B2B peers gathered during the Spring Sugar Fair to share drinks and encouragement, feeling it was time to take stock. Indeed, FMCG B2B has existed as an industry for four years, and companies that have survived have climbed over countless pitfalls...
奚亮Has the Winter of Convenience Foods Passed? Overall Market Sales Up 0.3% in 2017
Instant noodles, long criticized for health concerns, finally saw a recovery after years of downturn. Meanwhile, another convenience food perceived as high in oil and salt has become a sensation, prompting the question: are convenience foods experiencing a spring revival? The industry is recovering, with instant noodle sales up 0.3% in 2017, and product upgrades are driving growth.
淮纯菊Plot Twist: Former Yili Chairman Zheng Junhuai Denies Allegations, Sues Zhang Jianqiu for Defamation!
On April 9, in response to Yili's Zhang Jianqiu's accusation, Caixin reported that Zheng Junhuai had commissioned lawyers to issue a statement denying the allegations. The statement claims Zheng had no knowledge of the rumors about Pan Gang's disappearance and threatens legal action against Zhang for defamation. On the same day, Yili issued another announcement stating that Chairman Pan Gang is receiving treatment abroad and that the company's operations are normal.
New DistributionLulu, Listed for 21 Years, Cools Down: Trapped in Counterfeit Crisis, Reduced to a Capital Tool?
Chengde Lulu is now facing internal and external troubles. After the change of actual controller, can it bring substantial changes to the company? In the plant protein beverage sector, there was a saying: 'South has Coconut Tree, North has Lulu.' Competition in this field is intensifying, with brands like Black Bull, Six Walnuts, and Daliyuan entering the market, along with interference from counterfeit products. A-share's famous cash cow, Chengde Lulu, seems to have reached a turning point in its 21st year of listing. As of the close on March 30, its market value was 8.895 billion yuan...
谢伟Yurun Food, Claimed to Be the Largest Meat Products Company, Lost HK$1.9 Billion—How Much Longer Can It Last?
Yurun Food recently released its 2017 annual results, reporting revenue of approximately HK$12.057 billion, down 27.8% year-on-year, and a net loss of HK$1.915 billion, narrowing from the previous year's loss of HK$2.342 billion. Industry insiders point out that the sluggish pork market in 2017 led to a decline in Yurun's processed meat market. Additionally, years of declining performance have left the company battered, and the fact that Yurun's chairman, Zhu Yicai, is under residential surveillance at a designated location have all impacted Yurun's development.
New DistributionOne Step from IPO, Wahaha Begins Mass Buyback of Employee Shares
Wahaha Group chairman Zong Qinghou, who long claimed the company was 'not short of money and not going public,' has softened his stance and initiated an internal campaign to buy back employee shares, seen as a precursor to an IPO. The buyback, completed in less than a month, involves repurchasing shares at 3 yuan per share, with employees paying taxes, and is aimed at reducing the number of shareholders to comply with listing regulations.
敬奕步 陆宇婷Crayon Shin-chan's Three Consecutive Losses: Why Is the Taste of Childhood No Longer Selling Well?
For many born in the 1980s and 1990s, the translucent, chewy, and sweet jelly is an unforgettable taste of childhood, a snack staple during festivals. However, as time flies, those children have grown up, and the snacks on supermarket shelves are changing rapidly, making jelly seem outdated. Last week, Crayon Shin-chan Food, a well-known Chinese jelly producer, released its 2017 financial report, showing revenue of 903 million yuan, a slight increase of 1.1% year-on-year, but a net loss of 289 million yuan, narrowing by 51.9%.
熊思怡Yili in Turmoil: Former Chairman Zheng Junhuai's Equity Claims, 2017 Annual Report Delayed...
Yili is facing a series of troubles. Ten days after a rumor about Chairman Pan Gang's disappearance, the 2017 annual report has not been released as scheduled. Executive President Zhang Jianqiu publicly accused former chairman Zheng Junhuai of being the mastermind behind the rumors.
New DistributionThe Highly Anticipated "Monster" Is Mired in Trouble, Once Considered Red Bull's Biggest Rival!
Recently, according to relevant media reports, Monster energy drink is mired in trouble in the Chinese market. This product, once considered Red Bull's biggest rival, is now facing a "disconnect with local conditions." In the fourth quarter of 2017, its operating losses in India and China totaled approximately $9 million (about RMB 57.15 million). In September 2016, as one of the top two energy drink brands in the United States (the first being Red Bull), Monster Beverage (known as "Monster" in the Chinese market) entered the Chinese market with the help of Coca-Cola.
新经销团队What Is the Cost of a 65-Yuan Pack of Zhonghua Cigarettes? You Won't Believe It
China is the world's largest producer and consumer of tobacco, with a smoking rate above 38%. Despite the strictest smoking ban last year, the number of smokers continues to grow, reaching 350 million. A pack of 65-yuan Zhonghua costs less than 3 yuan to produce, but high taxes and monopoly profits drive up the price, while counterfeit cigarettes thrive in this environment.
XCA Salesperson Who Doesn't Call, Visit, Message, or Follow Up—Why Should You Have Results!
What is the most important quality for a salesperson? Different people have different answers. Some say professionalism, some say communication skills, some say affinity, etc. The author does not deny the importance of these qualities in sales; they are necessary conditions for success but not sufficient conditions. The most important quality for sales is persistence; without persistence, a salesperson will not achieve great success!
New DistributionStarting a Business at Nearly 60, She Turned 300,000 into a 20 Billion Market Value Company with a Soda Can, Counting Red Bull and JDB as Clients!
At 55, when most people are ready to retire, Guan Yuxiang chose to start a business. With only 300,000 yuan in savings and a simple soda can, she grew a 16-person factory into a listed company with a market value of 20 billion yuan, annual revenue of 7.6 billion, and net profit of 1.154 billion. Her company, ORG, has been supplying cans to Red Bull for 20 years, and also serves brands like Want Want, JDB, and Tsingtao Beer.
孙明The Highest Level of Sales = Chatting: These 10 Top Scripts! Remember 3 and You're Set!
Thinking determines the way out, attitude determines altitude. 1. True sales is a pleasant chat process: talk about the other's wishes, worries, how to fulfill their wishes, and how to remove their worries. 2. True sales has no opposing positions, no buyer, no seller. 3. True sales is to solve problems for the other party in unity. 4. True sales does not need to persuade the other party. 5. True sales has no pressure between each other. 6. True sales is that we say what the other wants to hear, and we sell what the other wants. 7. True sales is full of value and meaning. 8. True sales, after the deal, the other party will say thank you.
New DistributionEnvironmental Protection Tax Collection Begins for Q1 2018 Today! Are Price Hikes Across Industries Just a Marketing Ploy?
From April 1 to 15, the first declaration period for the environmental protection tax will begin. The Environmental Protection Tax Law officially took effect on January 1, 2018, and taxes are declared quarterly. Tax authorities have identified over 260,000 taxpayers. The tax applies to enterprises and other producers that directly discharge taxable pollutants, covering most manufacturing and some heavily polluting processing industries, affecting over 5 million enterprises. While the tax may increase costs for some, tax reductions and exemptions are available for those investing in pollution control, and the actual impact varies by region and enterprise.
赵睿Mengniu Fully Enters the 'Lu Minfang Era': Mengniu Must Win, or Die; Behind Second Place Is a Cliff!
On the evening of March 27, Mengniu released its 2017 annual results: total revenue was RMB 60.1556 billion, up 11.9% from RMB 53.7793 billion in 2016; net profit was RMB 2.0478 billion, compared with RMB -751.2 million in 2016. This means that in China's dairy industry's 600-billion club, Yili is no longer the only dominant player. Mengniu once set records as the first domestic dairy company to break through 20 billion and 30 billion in revenue, surpassing Yili, which had over 30 years of history, to become the champion of China's dairy industry. But since 2009, Mengniu's growth rate began to lag behind Yili, and in 2011, Yili's revenue surpassed Mengniu, returning to the top position. In 2012, Mengniu was again embroiled in a food safety incident, widening the revenue gap between the two.
New DistributionUni-President's First Results Announcement After 10 Years of Listing: Net Profit Surges 44.6%, Revenue Reaches RMB 21.296 Billion
On the evening of March 27, Uni-President released its first results announcement (for 2017) after its 10th listing anniversary. The report showed a net profit of RMB 878 million, up 44.6% year-on-year, with revenue of RMB 21.296 billion, up 1.5%. The gross margin declined 1.3 percentage points to 33.1%.
袁来COFCO's Mixed-Ownership Reform Shows Early Results: China Foods Net Profit Surges 205% to Record High
On March 27, China Foods Limited, a subsidiary of COFCO Group, released its annual results for the year ended December 31, 2017. The report shows that the group's continuing operations achieved total revenue of HK$15.461 billion, up 37%, and net profit of HK$2.27 billion, up 205%, a record high since the company's listing. Net profit from continuing operations was HK$1.83 billion, up 232%. This is the first financial report from China Foods after its parent company COFCO initiated mixed-ownership reform and restructuring. Industry insiders say that based on these results, China Foods has made a significant contribution to COFCO's goal of exceeding 10 billion yuan in overall performance for 2017.
New DistributionIn Sales, There Are No Miracles—Only Hard Work!
Have you ever seriously planned your work, or are you just coasting? Performance cures all ills, and big orders solve all worries. If you need your leader to supervise you to hit targets, then sales isn't for you—maybe an assembly line suits you better. In sales, we rely on self-discipline, self-awareness, and self-learning, because no one will teach you proactively in the workplace. If you're excellent, you won't need constant supervision.
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