Cola’s performance is stable, and China Foods’ revenue last year was 171.7.2 billion

Cola’s performance is stable, and China Foods’ revenue last year was 171.7.2 billion
On March 24, China National Foods Co., Ltd. (COFCO), a subsidiary of COFCO, released its financial report showing that in 2019, the company achieved revenue of 171.7.2 billion US dollars, an annual increase of 10%; net profit increased by 30 every year.2% to 4.1.8 billion.China Foods currently controls and operates COFCO Coca-Cola Co., Ltd. (COFCO Coca-Cola Co., Ltd.), which is an important global bottling partner of Coca-Cola Company.China Food’s existing authorized Coca-Cola series of products covers a total of 19 provincial-level administrative regions, covering more than 50% of the population in mainland China.The three main categories of Chinese food are soda, juice and packaged water.In 2019, the beverage business will continue to maintain both revenue and sales growth, with annual growth of 10% and 6%, respectively, of which new products contribute over 8% of revenue.Soda category revenue increased by 0.6%, the market share continued to exceed 60%; the juice category bid increased by 0.2%, continue to rank first in the industry; the company’s key promotion of the 2 yuan water brand pure Yue products, the revenue has shown rapid growth.The earliest is that in 2019, China’s food before tax profits exceeded the 1 billion mark for the first time after the completion of mergers and acquisitions.Thanks to the integration of resources, the nine bottling plants that completed the transaction in 2017 have all turned losses into profit, and their profitability is basically the same as the 10 bottling plants of the original COFCO Coca-Cola system.For 2020, China Food Weighing will continue to promote the full-category beverage strategy, while actively maintaining the advantages of the core category, and continue to increase the promotion of new categories and existing categories.The growth of energy drinks and coffee categories is expected to continue to lead other categories in the next few years. In 2020, we will cooperate with Ka Shijia Coffee to launch high-end ready-to-drink coffees for consumers who are pursuing a mellow coffee experience to further enrich the series of ready-to-drink coffee products.The water category will continue to promote product upgrades, increase the proportion of 2 yuan of water, and accelerate the improvement of category revenue and profitability.Sauna, Ye Wang Wang Yang, editor Li Yan proofreading Li Shihui

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