New Consumer Daily News, June 26th: Adidas released the investigation results of executive kickbacks; Senabelra submitted an IPO application to the Hong Kong Stock Exchange; Shanghai Jahwa united's growth target in the second half of the year will focus on market share.

Industry News.

YU Chengdong announced that the cumulative sales volume of Wanjie M9 has exceeded 100,000 in six months.

On June 26th, the Chairman of Huawei Intelligent Automotive Solution BU, YU Chengdong, announced on Weibo that the cumulative sales volume of Wanjie M9 has exceeded 100,000 in six months since it was launched.

The Chinese sports delegation's award-winning uniform for the Paris Olympics is made of eco-friendly regenerated fibers.

Recently, the award-winning uniform of the Chinese sports delegation was officially released in Beijing. It is made of eco-friendly regenerated fibers by ANTA and helps reduce carbon emissions by using regenerated nylon, regenerated polyester, and other environmentally friendly fabrics in the production process. The award-winning uniform reduces more than 50% of carbon emissions and is China's first set of carbon-neutral Olympics award-winning equipment certified by an authoritative institution.

Wangwang's annual net profit increased by 18% year-on-year.

Today, Wangwang announced its annual performance. In the fiscal year ending on March 31st, the company's revenue was RMB 23.59 billion, a year-on-year increase of 2.9%. The net profit attributable to equity holders was RMB 3.99 billion, a year-on-year increase of 18.4%. The gross margin was 46.6%, up 2.7 percentage points year-on-year, mainly due to the decline in the prices of some bulk raw materials and packaging materials and the optimization of production and staffing strategies.

By product line, revenue from dairy and beverage products increased by 7.4% year-on-year to RMB 11.96 billion; revenue from rice and nut products increased by 2.3% to RMB 5.98 billion, benefiting from the growth of overseas markets and emerging channels; revenue from snack food products fell by 5.5% to RMB 5.5 billion; in addition, revenues from confectioners reached a new historical high.

Pinduoduo will launch a third store with the help of PDD.

Recently, Pinduoduo's official WeChat account announced a statement on store adjustment and renovation. PDD will help PDD's third store, Xingcheng Tiandi store, to start its adjustment and renovation work, close its doors on June 25th, and resume normal operations on July 18th. In the announcement, Pinduoduo supermarket apologized for the inconvenience caused to customers due to previous management and operational philosophy shortcomings. It was revealed that, with the help of PDD and Yijiaqin, after careful consideration and comprehensive evaluation, Xingcheng Tiandi store will undergo a comprehensive adjustment and renovation, which will involve many aspects of supermarket operations, including product structure, quality, price, and store layout, traffic design, shopping environment, service quality and employee benefits.

Adidas releases the investigation results of executive kickbacks.

On June 26th, Adidas China reported the investigation results in an all-staff online meeting. The results showed that there was evidence that an employee violated the company's relevant code of conduct in the dealings with a local supplier, and the employee has left the company. The relevant compliance investigation is still ongoing.

In addition, a senior management member of the marketing department failed to meet the company's expectations for leadership in shaping mutual respect and trust, and therefore, the employee has left the company. Adidas maintains a zero-tolerance attitude towards non-compliant behavior and is committed to shaping a value-oriented winning culture in the Chinese market.

Wuliangye said that two of its products were in high demand during the Dragon Boat Festival this year.

From June 18th to 20th, Zeng Fromqin, Secretary of the Party Committee and Chairman of Wuliangye Group (Shareholding) Co., Ltd., led a team to investigate the market. According to the press release, during the investigation process, merchants reported that Wuliangye's market demand was relatively stable during the Dragon Boat Festival this year. Among them, Wuliangye 1618 and 39-degree Wuliangye were in high demand, and the opening of the bottle and scanning code activity was well received. The participation rate of consumers and terminals was improved. The eighth generation Wuliangye achieved a counter-cyclical growth and maintained rigid demand among high-end spirits.

Shanghai Jahwa United's growth target in the second half of the year will focus on market share.

Shanghai Jahwa United CEO Lin Xiaohai stated at the shareholders' meeting held on June 26th, 2023, that Shanghai Jahwa United's growth target in the second half of the year will focus on market share. Specifically, it is expected that the personal care category will increase in both market share and revenue, and the market share of the beauty category will also increase.

Dingdong responds to hygiene problems raised about their own-brand factories; information is inconsistent with the facts.

Recently, some netizens filmed a video exposing problems with the hygiene of Dingdong's own-brand beer production in a small workshop.

In response, Dingdong responded to Interface News that the company is aware of the relevant information, and the quality control personnel has intervened to investigate as soon as possible. At present, the description and information in the video are seriously inconsistent with the facts, and relevant evidence has been submitted to the public security organs and relevant departments for processing. "Dingdong has strict quality control processes and audit systems for its partner factories, ensuring that the quality and safety of the goods sold are guaranteed. We thank the media for their supervision and assurance to consumers."

The founder of Little Can Tea apologizes for the controversy surrounding promotion.

Recently, the founder of HiTea, Du Guoying, responded to the controversy over the "Masterpiece" label that has been controversial for a long time on the 12th anniversary release, and apologized "sincerely to everyone." Du Guoying also said that he will vigorously develop a mid-price product line, "HiTea Garden." HiTea Garden is positioned as a tea for daily consumption, with a price ranging from 100 to 300 yuan per kilogram. Du Guoying said the cost of brewing a cup of tea is controlled at 1.5 yuan.

According to the brand monitoring data of Jihai, HiTea has opened 33 new stores and closed 59 new ones in the past 90 days. The total number of stores has dropped from 1,002 in December 2023 to 626 at present. Calculated accordingly, HiTea has closed 376 stores in the past six months.

PangDongLai responds to poor hygiene in cooperative dining merchants.

PangDongLai Commercial Group stated that on the evening of June 25th, a customer feedback on Douyin platform that there is poor hygiene in the production area of "Ganmianpi" of PangDongLai's cooperative dining, and the company attached great importance to it. Immediately required all cooperative merchants to close their stalls in the dining department of the two shops in Xinxiang, and set up an investigation team to conduct a rigorous investigation and implementation with the head of the dining department. After the investigation is clear, the investigation and implementation results will be announced through official channels as soon as possible.

At present, the company has arranged quality control personnel and regional supervisors from the catering department in Xuchang and Xinxiang to conduct a thorough investigation on all cooperative merchants from the processing environment, operational hygiene, raw material quality, and other aspects, and resolutely expel the cooperative merchants who do not meet the company's standards.

Lenovo releases Moto Razr 50 series phones.

On June 26th, Lenovo released the moto razr 50 series folding screen mobile phone, which includes the moto razr 50 Ultra AI element starting version and the moto razr 50 two mobile phones, with prices starting at 5,699 yuan and 3,699 yuan, respectively. At the same time, Lenovo also launched the curved screen smartphone moto S50 Neo, with a starting price of 1,399 yuan.

The CEO of PepsiCo Greater China is bullish on the long-term potential of the Chinese market.

Shai Chang'an, CEO of PepsiCo Greater China and Chief Growth Officer of the Asia-Pacific, said at the ongoing Dalian Summer Davos Forum that since entering the Chinese market more than 40 years ago, China has become one of the company's most important markets. PepsiCo is bullish on the long-term development of the Chinese market and is committed to further deepening its presence in the Chinese market.

Breaking news on "Going Abroad"

SF Express is recruiting delivery personnel in Hong Kong, with an hourly salary of 300 Hong Kong dollars.

SF SameCity (9699.HK) has announced that it will launch same-day delivery services in Hong Kong in July, fully leveraging its years of industry experience and operational advantages in the express delivery industry. Currently, the SF SameCity Hong Kong dedicated app 'SoFast Rider' has gradually been launched on major application stores, and is recruiting bicycle, electric bicycle, private car, and cargo and passenger vehicle delivery personnel with an hourly salary of up to HKD 300.

Investment and financing news

Saint Bella submits listing application to the Hong Kong Stock Exchange.

According to the Hong Kong Stock Exchange, Saint Bella submitted a listing application to the Hong Kong Stock Exchange on June 25th, and the joint sponsors were UBS Group and Citic Securities.