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21st century business herald reporter he hongyuan and intern tian keyi report

the revenues of yili and mengniu are both declining.

on august 29, yili released its 2024 semi-annual report. the financial report shows that in the first half of the year, yili's revenue was 59.696 billion yuan, a year-on-year decrease of 9.53%; net profit attributable to shareholders was 7.531 billion yuan, a year-on-year increase of 19.44%.

in the first half of the year, mengniu's revenue was 44.67 billion yuan, down 12.6% year-on-year; net profit attributable to the parent company was 2.45 billion yuan, down 19.0% year-on-year. specifically, mengniu's liquid milk/ice cream/milk powder/cheese/other businesses achieved revenue of 36.26 billion yuan/3.37 billion yuan/1.64 billion yuan/2.11 billion yuan/1.29 billion yuan, down 12.9%/down 21.8%/down 13.7%/down 6.3%/up 26.4% year-on-year.

it is worth noting that in the first half of the year, driven by the downward trend in raw milk prices and the optimization of product structure (the high-gross-margin telunsu performed better than the basic white milk), mengniu's gross profit margin increased by 1.9pct year-on-year to 40.3%. however, its net profit declined, mainly due to inventory impairment (mainly impairment of large bags of powder) of 350 million yuan, and the share of losses of associated companies of 170 million yuan (due to losses of modern dairy). this explains the widening gap between mengniu and yili in terms of profits.

behind the decline in revenue of the two giants is the overall contraction of the industry.

nielsen iq data shows that the omni-channel revenue of dairy products in 2021, 2022 and 2023 will increase by 7.90%, decrease by 6.50% and decrease by 2.40% year-on-year respectively. in the first half of 2024, the omni-channel sales growth rate of the dairy market will decline by 2.5%. in comparison, the omni-channel growth rate of the beverage market in the same period was 6.9%.

"ninety percent of the decline came from lower sales volume, and ten percent came from the impact of product structure and price," mengniu chief financial officer zhang ping explained at the performance meeting.

under such circumstances, all companies have invested their incremental revenue in the b-end. mengniu president gao fei said that mengniu's b-end professional dairy business has established cooperative relationships with brands such as kfc, pizza hut, luckin coffee, kudi, and mixue ice city. on august 23, yili sophie miss, a b2b brand focused on by yili group's cold drink division, signed a cooperation agreement with shanghai auntie.

but it should be noted that the catering market also has ups and downs.

data from the national bureau of statistics showed that in the first half of the year, the national catering revenue was 2.6243 trillion yuan, a year-on-year increase of 7.9%; the catering revenue of units above the designated size was 719.2 billion yuan, a year-on-year increase of 5.6%.

the key catering markets in beijing and shanghai shrank directly. according to local statistics bureau data, from january to july, beijing's catering revenue was 74.42 billion yuan, a year-on-year decrease of 4.2%. during the same period, shanghai's accommodation and catering industry achieved retail sales of 84.052 billion yuan, a year-on-year decrease of 4.2%.

this puts pressure on the growth of dairy companies.

on august 29, the shanghai composite consumer 80 index closed at 4027.94 points, up 1.49%.

agriculture

average pork prices in agricultural product wholesale markets nationwide fall

on august 29, according to the monitoring of the ministry of agriculture and rural affairs, as of 14:00 on the same day, the average price of pork in the national agricultural product wholesale market was 27.32 yuan/kg, a decrease of 1.3% from the previous day.

hebang bio: net profit in the first half of 2024 decreased by 68.81% year-on-year

on august 29, hebang bio announced that the company achieved operating income of 4.848 billion yuan in the first half of 2024, a year-on-year increase of 18.53%; net profit was 192 million yuan, a year-on-year decrease of 68.81%.

food & beverage

guangzhou restaurant: net profit in the first half of 2024 decreased by 26.98% year-on-year

on august 29, guangzhou restaurant announced that in the first half of 2024, the company achieved operating income of 1.912 billion yuan, a year-on-year increase of 10.29%; the net profit attributable to shareholders of the listed company was 58.4534 million yuan, a year-on-year decrease of 26.98%.

bright meat: net profit in the first half of 2024 decreased by 24.17% year-on-year

on august 29, bright meat announced that in the first half of 2024, the company achieved operating income of 11.602 billion yuan, a year-on-year increase of 1.68%; net profit was 253 million yuan, a year-on-year decrease of 24.17%.

ligo food: net profit in the first half of 2024 increased by 25.03% year-on-year

on august 29, li gao food announced that the company achieved operating income of 1.781 billion yuan in the first half of 2024, a year-on-year increase of 8.88%; net profit attributable to shareholders of listed companies was 135 million yuan, a year-on-year increase of 25.03%.

western animal husbandry industry suffered a loss year-on-year

on august 29, western animal husbandry announced that the company's operating income in the first half of 2024 was 452 million yuan, a year-on-year decrease of 21.01%; the net profit attributable to shareholders of the listed company was a loss of 34.473 million yuan, a year-on-year loss.

yili shares: net profit in the first half of 2024 increased by 19.44% year-on-year

on august 29, yili group announced that the company's 2024 semi-annual report showed that during the reporting period, the company achieved operating income of 59.696 billion yuan, a year-on-year decrease of 9.53%; the net profit attributable to shareholders of the listed company was 7.531 billion yuan, a year-on-year increase of 19.44%.

nissin foods: profit attributable to shareholders in the first half of 2024 decreased by 1.3% year-on-year

on august 28, nissin foods announced its 2024 interim results, with revenue of approximately hk$1.822 billion, a year-on-year decrease of 5.5%; profit attributable to owners of the company was approximately hk$169 million, a year-on-year decrease of 1.3%.

qingdao food: net profit in the first half of 2024 increased by 12.52% year-on-year

on august 28, qingdao food released its 2024 semi-annual report. in the first half of the year, the company achieved revenue of 262 million yuan, a year-on-year increase of 3.92%; and achieved net profit of 60.039 million yuan, a year-on-year increase of 12.52%.

lao baigan liquor: net profit in the first half of 2024 increased by 40.25% year-on-year

on august 28, lao baigan liquor issued an announcement stating that its operating income in the first half of 2024 was 2.47 billion yuan, a year-on-year increase of 10.65%; its net profit was 304 million yuan, a year-on-year increase of 40.25%.

jialong shares: net profit in the first half of 2024 increased by 85.8% year-on-year

on august 28, jialong co., ltd. disclosed its 2024 semi-annual report. in the first half of 2024, the company achieved operating income of 119 million yuan, a year-on-year decrease of 18.88%; net profit attributable to the parent company was 8.1702 million yuan, a year-on-year increase of 85.8%.

three squirrels: net profit in the first half of 2024 increased by 88.57% year-on-year

on august 28, three squirrels released its semi-annual performance report, stating that its operating income in the first half of 2024 was approximately 5.075 billion yuan, a year-on-year increase of 75.39%; the net profit attributable to shareholders of the listed company was 289.7 million yuan, a year-on-year increase of 88.57%.

manor ranch: net profit attributable to shareholders of listed companies increased in the first half of 2024

on august 28, manor ranch issued an announcement stating that its operating income in the first half of 2024 was approximately 426 million yuan, a year-on-year decrease of 11.42%; its net profit attributable to shareholders of the listed company was a loss of approximately 87.83 million yuan, and the year-on-year loss further expanded.

jiugui liquor: net profit in the first half of 2024 decreased by 71.32% year-on-year

on august 28, jiugui liquor released an announcement stating that its operating income in the first half of the year was 994 million yuan, a year-on-year decrease of 35.5%; its net profit was 121 million yuan, a year-on-year decrease of 71.32%.

food

guangzhou restaurant: net profit in the first half of 2024 decreased by 26.98%

on august 29, guangzhou restaurant announced that in the first half of 2024, the company achieved operating income of 1.912 billion yuan, a year-on-year increase of 10.29%; the net profit attributable to shareholders of the listed company was 58.4534 million yuan, a year-on-year decrease of 26.98%.

luckin coffee's innovative production center started construction in qingdao with a total investment of about 3 billion yuan

on august 29, luckin coffee's innovative production center officially started construction in qingdao. the total investment of luckin coffee's innovative production center is about 3 billion yuan, and the annual baking capacity is expected to be 55,000 tons.

domino's china: profit attributable to owners of the company increased by 24.6% year-on-year in the first half of 2024

on august 28, domino's china announced its interim results for 2024. the financial report shows that in the first half of the year, domino's china's revenue was approximately 2.041 billion yuan, a year-on-year increase of 48.3%; the profit attributable to the owners of the company was 10.907 million yuan, a year-on-year increase of 24.6%.

e-commerce retail

wangfujing: net profit in the first half of 2024 decreased by 43.36% year-on-year

on august 29, wangfujing announced that the company achieved operating income of 6.035 billion yuan in the first half of 2024, a year-on-year decrease of 5.40%; net profit was 293 million yuan, a year-on-year decrease of 43.36%.

hema launches aromatherapy brand juwow

recently, hema launched a new aromatherapy brand juwow and launched a new osmanthus aromatherapy.

guoquan: gross profit in the first half of 2024 will increase by 5.3% year-on-year

on august 28, guoquan released its interim performance report for 2024. the financial report shows that in the six months ending june 30, 2024, guoquan achieved revenue of 2.67 billion yuan, a year-on-year decrease of 3.5%; gross profit of 609 million yuan, a year-on-year increase of 5.3%.

meituan: adjusted net profit in the second quarter of 2024 increased by 77.6% year-on-year

on august 28, meituan released its second quarter and half-year performance report for 2024. the financial report shows that in the second quarter of this year, meituan achieved revenue of 82.25 billion yuan, a year-on-year increase of 21%; adjusted net profit was 13.606 billion yuan, a year-on-year increase of 77.6%.

express logistics

yuanda holdings: turning to loss year-on-year in the first half of 2024

on august 29, yuanda holdings announced that in the first half of 2024, the company achieved operating income of 44.783 billion yuan, a year-on-year increase of 11.52%; the net profit attributable to shareholders of the listed company was a loss of 40.3588 million yuan, turning from profit to loss year-on-year.

textiles and apparel

lao feng xiang: net profit in the first half of 2024 increased by 10.28% year-on-year

on august 29, lao feng xiang announced that in the first half of 2024, the company achieved operating income of 39.958 billion yuan, a year-on-year decrease of 0.95%; net profit attributable to shareholders of listed companies was 1.404 billion yuan, a year-on-year increase of 10.28%.

luxury

chanel enters wearable technology and launches innovative watches

chanel has entered the booming smart accessories market with the launch of the première sound watch, its first wearable technology design. this innovative watch can be used as a necklace and integrates wired headphones, microphone and remote control functions. starting from august 31, the première sound watch and necklace will first be unveiled at the chanel première pop-up store at le bon marché in paris.

home appliances

lake electric: 2024 half-year net profit increased by 1.32% year-on-year

on august 29, lake electric announced that the 2024 semi-annual report showed that the company's operating income in the first half of the year was 4.75 billion yuan, a year-on-year increase of 15.49%; the net profit attributable to shareholders of the listed company was 602 million yuan, a year-on-year increase of 1.32%.

bull group: net profit in the first half of 2024 increased by 22.88% year-on-year

on august 29, the bull group announced that the company achieved operating income of 8.386 billion yuan in the first half of 2024, a year-on-year increase of 10.45%; the net profit attributable to shareholders of the listed company was 2.239 billion yuan, a year-on-year increase of 22.88%.

guangdong: the province (excluding shenzhen) aims to achieve a sales volume of 2.01 million units in the new round of home appliance trade-in activities

on august 29, the general office of the people's government of guangdong province issued the "implementation plan on making good use of ultra-long-term special treasury bond funds to support the replacement of old consumer goods for new consumer goods". the province (excluding shenzhen) will strive to achieve a sales volume of 2.01 million home appliances in the new round of the replacement of old appliances for new appliances.

stone technology: net profit in the first half of 2024 increased by 51.57% year-on-year

on august 29, stone technology announced that in the first half of 2024, the company achieved operating income of 4.416 billion yuan, a year-on-year increase of 30.9%; the net profit attributable to shareholders of the listed company was 1.121 billion yuan, a year-on-year increase of 51.57%.

travel

tongcheng travel: summer hotel bookings in hong kong increased by more than 90% year-on-year

on august 29, tongcheng travel released the "2024 summer tourism market inventory report", which showed that during this summer, hong kong and macao became popular choices for outbound travel for mainland residents, and hotel bookings in hong kong increased by more than 90% year-on-year.

entertainment

chinese media: net profit in the first half of 2024 decreased by 27.48% year-on-year

on august 29, china media announced that the company achieved operating income of 5.155 billion yuan in the first half of 2024, a year-on-year increase of 2.48%; the net profit attributable to shareholders of the listed company was 613 million yuan, a year-on-year decrease of 27.48%.

publishing and media: net profit in the first half of 2024 increased by 4.05% year-on-year

on august 29, it was announced that in the first half of 2024, the company's operating income was 1.047 billion yuan, a year-on-year decrease of 4.1%; the net profit attributable to shareholders of the listed company was 13.5228 million yuan, a year-on-year increase of 4.05%.