New Consumer Daily, April 24. The main contents of today's New Consumer Daily include: PepsiCo invested 1.3 billion yuan to establish a food base in the northwest region; the Yangtze River Delta Railway is expected to send more than 27 million passengers during the “May 1st” holiday.

Industry highlights

Communication Holdings' Q1 net profit to mother increased 210.3% year-on-year

Communication Holdings announced that in the first quarter of 2024, it achieved operating income of 17.443 billion yuan, an increase of 88.1% year on year; net profit of 1,626 billion yuan, an increase of 210.3% year on year. The company continues to explore emerging markets and promote product upgrades, and overall shipments have increased. The increase in net profit was mainly due to an increase in operating income, an increase in gross profit, and a decrease in the expense ratio. Small financial note: Net profit for Q4 of 2023 was 1,653 billion yuan. Based on this calculation, net profit for Q1 in 2024 decreased 1.6% month-on-month.

The net profit of No. 9 Company in the first quarter was 136 million yuan, up 675.34% year-on-year

Company No. 9 announced that in the first quarter of 2024, it achieved operating income of 2,562 billion yuan, an increase of 54.18% year on year; net profit of 136 million yuan, an increase of 675.34% year on year. Sales of electric two-wheelers, robots, and all-terrain vehicle products all achieved significant growth during the reporting period.

Hisense Home Appliance's Q1 net profit to mother increased 59.48% year-on-year

Hisense Home Appliances released its report for the first quarter of 2024. Net profit returned to mother for the first quarter was 981 million yuan, an increase of 59.48% over the previous year.

Outdoor brand Archeopteryx promises zero emissions by 2050 or earlier

Recently, high-end outdoor brand ARC'TERYX Archeopteryx announced new climate targets: a commitment to reduce Scope 1 (direct emissions from owned or controlled sources) and Scope 2 (indirect emissions from purchased energy) emissions by 90%, and 42% of Scope 3 (all indirect emissions from declared company value chains, including upstream and downstream emissions) emissions and achieve net zero emissions by 2030 or earlier.

According to the “2022 Climate Action Report”, compared with the 2018 benchmark, the overall emissions of Archaeopteryx have been reduced by 57%, and the intensity of Scope 3 emissions is 55% lower than that, which is far ahead of the sustainable development schedule previously set.

Aimeike's Q1 net profit increased 27.38% year-on-year

Ameke announced that net profit for the first quarter was 530 million yuan, an increase of 27.38% over the previous year.

Zhonghu Hi-Tech's net profit increased by nearly 60% in the first quarter

On the evening of April 23, Zhongju Hi-Tech announced its results for the first quarter of 2024. The company achieved revenue of 1,485 billion yuan in the first quarter, up 8.64% year on year; net profit to mother was 239 million yuan, up 59.7% year on year; after deducting non-net profit of 237 million yuan, up 63.91% year on year.

Among them, the condiment business achieved total revenue of 1,443 billion yuan in the first quarter, an increase of 10.04% over the previous year; net profit to the mother was 244 million yuan, an increase of 59.75% over the previous year. By category, delicious fresh soy sauce business revenue was 947 million yuan, up 13.44% year on year; revenue from chicken extract and chicken powder was 181 million yuan, up 16.83% year on year; revenue from cooking oil was 101 million yuan, down 5.54% year on year.

Shentong Express's Q1 net profit of 190 million yuan increased by 43.2% year-on-year

Shentong Express released its report for the first quarter of 2024. Net profit returned to mother for the first quarter was 190 million yuan, an increase of 43.2% over the previous year.

Yanjin store's revenue and net profit both increased in the first quarter

On the evening of April 23, Yanjin Shop released its 2024 quarterly report. During the reporting period, it achieved operating income of 1,223 billion yuan, an increase of 37%; net profit to mother of 160 million yuan, an increase of 43.10% over the previous year; and net profit after deduction of 138 million yuan, an increase of 40.08% over the previous year.

As for revenue growth, the Yanjin store attributed the company's focus on seven core categories (spicy and braised snacks, deep-sea snacks, casual baking, potato snacks, konjac jelly pudding, egg snacks, dried fruit and nuts), and achieved rapid development in multiple channels and categories.

Pearl River Brewery's Q1 net profit to mother increased 39.37% year-on-year

Pearl River Brewery released its report for the first quarter of 2024. Net profit for the first quarter was 121 million yuan, an increase of 39.37% over the previous year.

Ganyuan Food's net profit doubled in 2023

On the evening of April 23, Ganyuan Foods disclosed a quarterly report stating that due to increased sales in the first quarter, Ganyuan Foods achieved operating income of 586 million yuan in the first quarter of 2024, an increase of 49.75% (after adjustment); net profit to mother was 91.2927 million yuan, an increase of 65.3% over the previous year.

On the evening of the same day, the 2023 annual report disclosed by Ganyuan Foods showed that the company achieved revenue of about 1,848 billion yuan in 2023, an increase of 27.36% over the previous year, and realized net profit of about 329 million yuan, an increase of 107.82% over the previous year. Regarding the increase in performance in 2023, Ganyuan Foods stated in its annual report that it was mainly due to the company's adherence to an omni-channel development strategy, product structure optimization, and falling prices of major raw materials.

Oupai Home Furnishing's net profit in 2023 increased 12.93% year-on-year

Oupai Home Furnishing released its 2023 annual report. Net profit returned to mother in 2023 was 3,036 billion yuan, an increase of 12.93% over the previous year.

Yangyuan Drinks net profit fell 0.46% in 2023

On the evening of April 23, Yangyuan Drinks released its 2023 report stating that the company's revenue last year increased 4.03% to 6.162 billion yuan, and net profit decreased by 0.46% to 1,467 billion yuan. By product, revenue from walnut milk increased 1.11% to 5.708 billion yuan, revenue from functional drinks increased 68.24% to 448 million yuan, and revenue from other plant-based beverages decreased by 82.57% to 1,314,900 yuan.

According to the first quarter of 2024, which was released during the same period, the company achieved revenue of 2,316 billion yuan in the first quarter, an increase of 3.91% over the previous year; net profit attributable to shareholders of listed companies was 889 million yuan, an increase of 19.96% over the previous year. Judging from the quarterly report, the company's revenue and net profit in a single quarter hit new highs in the past 4 years.

Kao China responds to Frifonse's adjustment of development direction in Japan: there is no impact on the Chinese market

Furifance, a skincare brand owned by Japan's Kao Group, said on its official website that the brand will undergo a comprehensive update and that the brand positioning will change from sensitive skin care to a clean and beauty brand to promote the concept of sustainable beauty. Due to brand updates, sales of Japanese products will be discontinued after the current inventory runs out. In response to the future situation of Frifense China, Kao China responded that due to the impact of the epidemic in recent years and changes in consumer shopping habits, the brand's sales strategy layout in the global market has been adjusted. Since the brand was fully upgraded and refreshed in April of last year, Frifense has strategically skewed the Chinese market by paying more attention to the actual needs of Chinese consumers, while the Japanese market will pursue a business model that is more suitable for the continuous development of the brand. In the future, Japan will mainly shift to an online sales model.

Q: The new M5 was launched in 24 hours, with a total of 4,031 units

According to data released by Hongmeng Zhixing today, a total of 4,031 units of the new M5 were launched in 24 hours.

Xiaomi will launch an all-electric SUV while planning a cheaper model

Xiaomi's second new car is positioned as a pure electric SUV. There have also been media reports that this car is expected to be launched in the first half of 2025, continuing the design standards of the first car; the third car is initially positioned at the 150,000 yuan level and is expected to be launched in 2026. Three new cars have been launched in three years, and Xiaomi's pace in product planning is quite clear. It established the brand tone with high-end cars and SUVs, then launched low-cost models to expand sales and gradually gain users in the mainstream market.

Gold Ham's revenue and net profit both fell in 2023

On April 23, according to the 2023 annual report of Golden Ham, the company achieved operating income of 314 million yuan, a year-on-year decrease of 29.43%; realized net profit of 40.63 million yuan, a year-on-year decrease of 18.29%. According to Golden Ham, the main reason for the decline in the company's revenue was due to weak consumption due to the market economy environment and pig prices. The company's “specialty meat products” achieved operating income of 74.8535 million yuan, a year-on-year decrease of 57.51%, and “branded meat” achieved operating income of about 28.7407 million yuan, a year-on-year decrease of 46.82%.

On the same day, Golden Ham released its report for the first quarter of 2024, showing that it achieved revenue of 133 million yuan, an increase of 10.9% over the previous year, and realized net profit of 23.6435 million yuan, an increase of 13.37% over the previous year.

Fat Donglai's founder says he earned 140 million last year

Recently, Yu Donglai, founder of Fat Donglai, said that he originally planned to earn 20 million yuan last year, but he did not expect to earn 140 million yuan by the end of the year, and employees' wages continue to rise. The minimum income is around 7,000 yuan per month, and the salary of employees in many stores is generally over 8,000 yuan. Even though the store is busy right now, it's normal for employees to work and take a day off.

What's new about going out to sea

Baiguoyuan and the Ministry of Agriculture and Cooperatives of Thailand reached a cooperation

On April 22, Baiguoyuan Group held an exclusive signature fruit press conference in the ancient city of Siam in Bangkok. At the meeting, the Thai state-owned enterprise agricultural support marketing agency signed a memorandum of cooperation with Baiguoyuan to further expand exports of Thai agricultural products and consumer goods to the Chinese market. Meanwhile, Baiguoyuan and Richfield Fresh Fruit Co., Ltd., the largest fruit export trader in Thailand , Ltd and a number of fruit packaging companies signed memorandums of cooperation to jointly expand and strengthen the market.

Singapore Shentong, an overseas subsidiary of Shentong Express, plans to sell 0.74% of Cainiao's shares

Shentong Express announced that Singapore Shentong, an overseas subsidiary of the company that indirectly holds 100% of its shares, plans to transfer 0.74% of its shares in Cainiao to Ali CN at a price of 0.62 US dollars per share, and plans to sign a share purchase agreement and selection form with Ali CN. At the same time, it plans to relinquish its preferential purchase rights; after the transaction is completed, Singapore Shentong will no longer hold Cainiao's shares.

Investment and financing news

PepsiCo invests 1.3 billion yuan to establish food base in northwest China

On April 24, 2024, PepsiCo announced that its tenth food base will be located in the Xi'an Economic Development Zone in Shaanxi Province. The initial investment of PepsiCo's Shaanxi production site will reach 80 million US dollars (about 575 million yuan), and the total investment intention is estimated to be about 180 million US dollars (about 1.3 billion yuan). It is PepsiCo's first production base in northwest China.

The first phase of the site has a construction area of about 32,000 square meters, equipped with two new automated potato chip production lines, and supporting the construction of warehouses, cold storage, power facilities and wastewater treatment facilities. It is expected that construction will officially begin in June 2024 and trial operation in September 2025.

Industry opinion newsletter

The Yangtze River Delta Railway is expected to send more than 27 million passengers during the “May 1st” holiday

According to China Railway Shanghai Group Co., Ltd., the Yangtze River Delta Railway's 2024 “May Day” holiday transportation plan was recently introduced. The transportation period for this holiday starts on April 29 and ends on May 6, for a total of 8 days. During this period, the Yangtze River Delta Railway is expected to send more than 27 million passengers, an average of more than 3.4 million passengers per day, or the holiday transportation with the highest average daily passenger flow. The peak passenger flow is forecast to occur on May 1.