Category Archives: China Bev Investor News

Kweichow Moutai’s net profits jump in 2012

Source: Xinhua via China Daily

BEIJING — Leading Chinese liquor producer Kweichow Moutai Co has posted surging but slower net profits growth for 2012. Continue reading

Tsingtao Brewery Co grows share in FY as sales, profits rise in 2012

Source: Just-Drinks Olly Wehring

  • Full-year net profits up by 2.6% to CNY1.84bn (US$193.3m)
  • Net sales in 2012 climb by 11.3% to CNY25.78bn
  • Operating profits come in flat, down by 0.2% to CNY2.14bn
  • Volumes out-pace overall beer market, rising by 10.5%

Tsingtao Brewery Co has posted rising sales and profits for 2012, as volumes increased markedly in the year.

The Chinese brewer, which is almost 20%-owned by Japan’s Asahi, said earlier this week that net profits in 2012 came in 2.6% up on 2011 at CNY1.84bn (US$193.3m). Net sales in the year jumped by 11.3% to CNY25.78bn, although operating profits slipped by 0.2% to CNY2.14bn. Continue reading

Mengniu Dairy records 36b yuan in sales in 2012

Source: By Li Woke (chinadaily.com.cn)

China Mengniu Dairy Co Ltd said Wednesday its sales last year reached 36 billion yuan ($5.8 billion), a year-on-year decline of 3.5 percent. Continue reading

Huiyuan 2012 profits down 94.7% year-on-year

Source: By Tang Zhihao (chinadaily.com.cn)

Hong Kong-listed China Huiyuan Juice Group Ltd said its 2012 net profits declined 94.7 percent to 16.1 million yuan ($2.57 million). Continue reading

Kingway Brewery Holdings posts FY loss as sales slump

Source: Just-Drinks by Andy Morton

Kingway Brewery Holdings has posted a marked fall in sales, pushing the Guangdong brewer into the red ahead of its acquisition by SABMiller’s China JV. Continue reading

China Resources Enterprise Announces Annual Results for 2012

Source: China Resources

Final Results for the Year Ended 31 December 2012 Chairman’s Statement- Retail, Beer and Beverges Highlights

In 2012, the global economy faced many headwinds with the ongoing European debt crisis, the imminent U.S. fiscal cliff and the looming currency war, which affected economic growth in China. Despite the market volatility, the Group continued to evaluate the market situation and to identify opportunities with its commitment to developing its core businesses – retail, beer, food and beverage. Through organic growth and acquisitions, the Group maintained steady expansion and further strengthened its leading position in the market. Our track record of sustainable business growth has not only propelled us further towards our goal of becoming the largest consumer goods company in China, but also laid a solid foundation with which we will weather any uncertainties and grasp opportunities when the economy rebounds. ” Continue reading

Yum! Brands Announces Full-Year 2012 and 4Q- China

Source: YUM

Louisville, KY (February 4, 2013) – Yum! Brands Inc. (NYSE: YUM) today reported results for the fourth quarter ended December 29, 2012.

David C. Novak, Chairman and CEO Comments

We are obviously proud of our track record of achieving double-digit EPS growth, and I am as confident as ever we can deliver this performance over the long term. However, as a result of adverse publicity from the poultry supply situation in mid-December, China KFC sales experienced a sharp decline. Due to continued negative same-store sales and our assumption that it will take time to recover consumer confidence, we no longer expect to achieve EPS growth in 2013. Continue reading