Jul 31, 2020
Monthly digest: China Food Sector in July 2020
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Financial&Business

CompanyCategoryPerformance

BY-HEALTH 

Health food

BY-HEALTH's 2020H1 revenue was 3.125 billion yuan, up 5.23% from the same period last year. In the first half, the company's online business achieved rapid growth, with the online channel revenue increasing 46.83% year on year.

Coca-Cola

Food&beverage

Coca-Cola's 2020Q2 financial report shows that the net income fell 28% to US$7.2 billion, and operating profit was US$1.981 billion. The Chinese market performed well in the second quarter. In the Chinese market, the soda category grew by 14%, of which the Coca-Cola brand recorded the best performance, and the sales of zero-sugar Coke grew significantly.

Beingmate

Infant formula

Beingmate disclosed the 2020 semi-annual performance forecast. The net profit attributable to shareholders of listed companies was between 30 million to 45 million yuan, an increase of 124.63% to 136.95% over the same period last year. This was Beingmate's fourth consecutive quarter of positive net profit growth.

Nestle

Food, beverage, infant formula

In 2020H1, Nestle reported a total sales decline of 9.5% to 41.2 billion Swiss Francs (about 3000.95 billion yuan), with an organic growth of 2.8%, and RIG reached 2.6%, thanks to the continuous growth momentum of America, Prina pet Food and Nestle Health Sciences. Sales in China recorded a double-digit decline in the first half.

Danone

Food, beverage, infant formula

Danone reported first-half sales of about 12.2 billion euros, down 1.1% from a year earlier, with sales flat, up 0.1%. In the first half, sales revenue from China's specialty nutrition business grew 2.7% year on year.


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Shine Hu
ChemLinked Research Analyst
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