New Consumer Daily, May 14. The main contents of today's New Consumer Daily include: Nacha Auto responded to the Tianjin vehicle overfire accident without causing any injuries; 315 revealed that the branch of Troutou Meat Company had been cancelled; and Apple Vision Pro has passed China's 3C certification.

Industry highlights

Taotian Group's revenue for the first quarter increased 4% year-on-year to 93.216 billion yuan

Alibaba Group announced its results for the fourth quarter and full year of fiscal year 2024 on the 14th. The financial report shows that for the quarter ended March 31, 2024, Taotian Group's revenue increased 4% year-on-year to RMB 93.216 billion (US$12.91 billion). Notably, customer management revenue increased 5% year over year, mainly driven by strong revenue growth from search and recommendations.

Cainiao's first quarter revenue increased 30% year-on-year to 24.557 billion yuan

Financial Services Agency, May 14 - Alibaba Group announced the fourth quarter and full year results of the 2024 fiscal year on the 14th. In 2024, in January-March, Cainiao's revenue in a single quarter was RMB 24.557 billion, up 30% year on year, and annual revenue increased 28% year over year to RMB 99.02 billion.

Nacha Auto responds to Tianjin vehicle overfire accident, causing no injuries

On the evening of May 13, Nacha Auto issued an information note on the accident where a Nacha S overcaught fire in a residential area in Tianjin. The accident did not cause any injuries. The specific cause of the accident is subject to further investigation by the relevant departments. Nacha Auto will actively cooperate and assist users in handling follow-up matters.

Lin Xiaohai will be the CEO of Shanghai Jiahua. This appointment has nothing to do with Ali's cooperation

Lin Xiaohai was transferred back to Ali from the plan and will join Shanghai Jiahua in less than two months. Does that mean that Shanghai Jiahua will have deeper cooperation with Alibaba?

In response, the relevant person in charge of Shanghai Jiahua said that Lin Xiaohai has many years of management experience in multinational consumer goods companies and the Chinese FMCG industry, is good at driving transformation and transformation, and has strong strategic leadership and execution. I believe that under Lin Xiaohai's leadership, Shanghai Jiahua will actively embrace the new changes in retail consumption trends, accelerate the pace of transformation and transformation, and unite and collaborate, compete bravely, and climb the peak again. Ali is one of Shanghai Jiahua's important partners, but this appointment has nothing to do with cooperation.

315 revealed that the branch of Tootou Meat Enterprise has been cancelled

According to Tianyan investigation, recently, the Hefei branch of Anhui Donghui Food Technology Co., Ltd. was cancelled. The branch was established in September 2023, and the head is Hu Shanshan. Its business scope includes sales of agricultural and sideline products, fresh meat wholesale, fresh meat retail, etc. This year, CCTV's 315 gala revealed the problem of Anhui Donghui Food Technology Co., Ltd., Anhui Chef Food Co., Ltd., and Fuyang Spring Food Co., Ltd. using unstrictly treated pork to make pickled pork.

According to Tianyan Risk Information, recently, the above 3 companies were fined more than 5.734 million yuan, 4.2 million yuan, and 2,937 million yuan respectively, and the legal representatives of the three companies were also fined 252,000 yuan, 420,000 yuan, and 446,000 yuan respectively. At the same time, all 3 companies had their food production licenses revoked and included in the list of seriously illegal and untrustworthy enterprises.

Apple Vision Pro has passed 3C certification in China

According to the China Quality Certification Center website, Apple's headphone product Vision Pro has passed China's 3C certification.

According to people familiar with the matter, the company plans to launch Vision Pro to the international market for the first time after the Global Developers Conference early next month. Apple recently began holding training courses to train hundreds of employees on how to demonstrate the device to customers. Apple did not tell employees who participated in the training where the Vision Pro will go on sale. However, the company is training employees from China, Germany, France, Australia, Japan, South Korea, and Singapore, which indicates that these regions may become the first international markets for the device.

The number of visitors to Hong Kong doubled year-on-year in the first 4 months of this year

The Hong Kong Tourism Board announced today that the number of visitors to Hong Kong from January to April this year reached 14.62 million, doubling from year to year.

The Chief Executive of the Hong Kong Special Administrative Region, Lee Ka-chiu, said today (14th) that the addition of 8 mainland “individual tourist” cities will add huge impetus to Hong Kong's economy, and the HKSAR Government will make every effort to provide visitors to Hong Kong with a high-quality travel experience. Li Jiachao announced that the Tourism and Development Board will issue HK$200 coupons per person to visitors from the eight new “individual travel” cities, and mainland visitors are welcome to spend in Hong Kong.

Haidilao's overseas stores had revenue of 188 million yuan in the first quarter, an increase of 16.6% over the previous year

Tehai International, a subsidiary of Haidilao, announced its operating results for the first quarter of 2024. In the current quarter, Tehai International's total revenue was US$187.6 million, up 16.6% year on year, mainly due to the increase in Haidilao Restaurant's business revenue; it recorded a net loss of US$4.5 million, compared with net profit of US$5.6 million for the same period in 2023. The net loss recorded in the current period was mainly due to the net exchange loss of US$13 million recorded in the quarter.

According to reports, Tehai International is mainly responsible for Haidilao's business outside of Greater China, including Southeast Asia, East Asia, North America and other regions (including Australia, the United Kingdom, and the United Arab Emirates). The turnover rate of Haidilao's overseas stores this quarter increased from 3.3 times per day in the same period in 2023 to 3.9 times per day, and the average daily revenue of each restaurant increased from US$15,900 in the same period in 2023 to US$17,500 in the latest year.

Tan Tsai International's net profit for the 2024 fiscal year fell 15.8% year on year

Tam Tsai International announced its annual results for the year ended March 31, 2024, achieving revenue of HK$2,7484 million, up 5.9% year on year; annual net profit of HK$119 million, down 15.8% year on year; and annual net profit (excluding government subsidies) of HK$117 million, up 34.2% year on year.

According to reports, Tam Tsai International added 14 new self-operated restaurants in fiscal year 2024, with total revenue of HK$2,748 billion, an increase of 5.9% over fiscal year 2023. As of March 31, 2024, the company has a total of 229 stores, mainly in Hong Kong, mainland China, Singapore and Japan.

Investment and financing express

Ali expects to complete the transition to a dual major listing on the Hong Kong Stock Exchange by the end of August

On the evening of May 14, Alibaba disclosed in its financial report the progress of voluntary conversion to dual major listings on the Hong Kong Stock Exchange. Alibaba said the company has been preparing for the company's main listing in Hong Kong and is currently expected to complete the conversion by the end of August 2024.

Industry opinion newsletter

In April, the number of railway passengers sent across the country was 36.15 million, an increase of 9.6% over the previous year

According to the State Railway Administration, in April, the number of railway passengers sent across the country was 36.15 million, an increase of 9.6% over the previous year. Railway fixed asset investment totaled 184.9 billion yuan, an increase of 10.5% over the previous year.

Agency says Q1 global true wireless headphone market shipments reached 65 million

According to the Canalys Research Report, the global true wireless headphone (TWS) market showed a steady growth trend in the first quarter, with shipments reaching 65 million, an increase of 6% over the previous year. Although Apple's market share gradually declined and shipments fell 8% year on year, it still ranked first with 16 million shipments, reaching 24% of the market share. With its outstanding performance, Xiaomi surpassed Samsung for the first time and jumped second. Shipments reached 5.5 million, an increase of 61% over the previous year. Samsung is in third place, with 5.2 million shipments.

As the only Indian manufacturer to break into the top five, BoAT remained in fourth place, achieving 7% growth and shipping volume of 2.9 million units. Huawei, on the other hand, successfully reached fifth place by investing more in the strategic deployment of entry-level products and the launch of open headsets, with a shipment volume of 2.2 million units.

Juneyao Airlines' passenger capacity investment increased 16.80% year-on-year in April

Juneyao Airlines announced that in April, the company's passenger capacity investment (in terms of available seat kilometers) increased 16.80% year on year. Passenger capacity investment for domestic, international and regional routes changed by 6.42%, 97.75% and 22.36%, respectively; passenger turnover (in terms of passenger kilometers revenue) increased 20.45% year on year, and passenger turnover on domestic, international and regional routes was 7.42%, 159.25% and 51.28%, respectively; the passenger occupancy rate was 83.31%, up 2.52% year on year. Same The ratio changes were 0.79%, 18.72%, and 16.13%, respectively.