China Food Safety News April 20, Bright Dairy released its 2019 annual
performance report. During the reporting period, it achieved total operating
income of 22.563 billion yuan, an increase of 7.52% year-on-year; realized net
profit of 682 million yuan, an increase of 29.60% year-on-year; The net profit
of the owners of the parent company was 498 million yuan, an increase of 45.84%
year-on-year; the return on net assets was 9.03%, an increase of 2.75 percentage
points year-on-year. In 2019, Bright Dairy adheres to the strategy of focusing
on low temperature. By strengthening brand influence, strengthening industry
linkages, and promoting digital transformation, multiple measures have achieved
remarkable results and achieved steady growth in company performance.
In 2019, Bright Dairy challenges itself in
for the test the quality management of
the entire industry chain, actively implements high-quality dairy projects, and
establishes the highest freshness guarantee standard covering the entire
industry chain; adhering to the ingenuity of endless pursuit of quality,
"Guangming PAI "The system was upgraded to the" Bright EQMS Excellent Quality
Management "system, opening a new chapter in the construction of a quality
governance system. While developing itself, Bright Dairy is also committed to
promoting the high-quality development of the industry, actively displaying the
industry's benchmark image, and contributing bright power to China's
high-quality dairy projects. It is worth mentioning that in October 2019, at the
25th International Conference of the Asia Pacific Quality Organization (APQO)
and the 2019 Global Excellence Awards ceremony, Bright Dairy won the 2019 Global
Excellence Award (world-class) ), Becoming the first company in the Chinese
dairy industry to receive this award. Bright Dairy upholds the ingenious spirit
of endless pursuit of quality, allowing the world to see the persistent efforts
of Chinese dairy companies on quality management.
For Bright Dairy, for the test, quality is the root and brand is the soul. A
glass of milk reaches the hands of consumers, and behind it is a strict quality
control system. The whole process needs to pass through 808 to 1581 quality
control points in all aspects. Bright Dairy will continue to lead the quality of
Chinese dairy products to match the world's quality level, so that every sip of
bright milk that Chinese people drink is of excellent quality against
world-class standards.
Focus on the advantages of fresh products and strengthen the influence of
leading fresh products
The Consumer Index for 2019 released a set of survey data showing that 40,000
households in the mainland of China were taken as a sample survey to conclude
that Bright Dairy ranks first in the national fresh milk market and leads the
high-end process of the fresh milk market. . For a long time, Bright Dairy has
advocated consumers to drink fresh milk with a storage temperature of about 4 °
C and a shelf life of 7 days to lock in more fresh nutrition for consumers'
health. For Bright Dairy, it is not only a provider of fresh milk, but also a
guarantor of consumers' daily lives. In 2019, Bright Dairy has successively
convened and hosted the "Leading Times, Fresh Future" Leading Freshness
Achievement Conference, "Fresh Live New Rising" Bright Fresh Category New
Product Launching Conference, 2019 China Dairy Industry D20 Summit, the first
China Dairy Industry "Fresh Summit" , Promote the promotion of the "fresh
pasteurized milk" national standard, so that the active substance index becomes
the first standard of fresh pasteurized milk.
Freshness is a mission to empower the brand for Bright Dairy, and a
commitment to quality. With Bright Dairy's continuous digging into "freshness",
Bright Dairy has a perfect "layout" in the "fresh" field, creating a unique
leading advantage in the three major sectors of the industrial chain, new retail
and services. With the strong advantage of the only national key laboratory of
biotechnology in the domestic dairy industry, Bright Dairy has created the
top-end high-end fresh milk product "Zhiyoujuan Fresh Milk", and the bright milk
brand "Yoube", a brand of fresh milk, has launched a number of new products to
let Consumers have more fresh choices.
With the further improvement of cold chain transportation in the future,
consumers' requirements for milk quality are increasing, especially the pursuit
of fresh milk. Pasteurized milk is the main driving force for the future growth
of the liquid milk market. Consumers' pursuit of freshness will promote the
high-end products. Bright Dairy's "fresh" initiative, following the trend, the
development of the future is very worthy of recognition and expectation.
Accelerate the integration of superior resources and ignite innovation and
new vitality
In 2019, Bright Dairy invested 150 million in marketing expenses, mainly used
for Daguangming brand promotion. Bright Dairy exclusively sponsors CCTV's "China
in a Story" column to pay tribute to classics, relive fresh stories, and release
the value of the bright brand nationwide; its key brand Mosleyan officially
announced the new brand spokesperson Liu Haoran in 2019 , Launched the new
Michelin Star Kitchen Dessert series, launched the upgrade and rejuvenation
campaign, made the brand image more youthful, and promoted the brand renewal
through product line and marketing upgrades.
It is worth mentioning that, since the end of 2018, Bright Dairy acquired
66.27% of the milk shed and 100% of Yimin Food No. 1 Factory, and the various
sectors have rapidly merged. Through enriching the product line and expanding
the market, the bright brand has been upgraded. On the one hand, all milk sheds
have bright products on the whole line, and they have become the display and
sales platform for the products of the bright dairy industry; The sought-after
net red ice cream integrates the advantages of bright dairy products, milk
source and brand, and the benefits of Yimin ice cream products. It also
complements seasonality and increases the distribution of bright dairy ice
products. In September 2019, the first high-end bakery store, "Yu Bakery",
opened, which was another offline implementation of the product layout after
Bright Dairy entered the cold beverage market. With the upgrade and improvement
of the entire industrial chain, while steadily advancing the factory's
production capacity improvement and product upgrade planning, Bright Dairy has
fully exerted the strong driving force of "brand integration, industrial chain
integration, and advantage integration" in the future.
While achieving close integration of various sectors, Bright Dairy actively
embraces new retail and promotes the company's digital transformation. In
November 2019, Bright Dairy and Alibaba Cloud Computing Co., Ltd. formally
reached a strategic cooperation to jointly promote Bright Digital
Transformation. Bright Dairy will use the new marketing ideas to actively
integrate online resources and comprehensively create a new omni-channel
marketing model.
Strengthen sector linkage, investment, mergers and acquisitions set sail
again
In terms of investment and mergers and acquisitions, Bright Dairy is also
accelerating plans for a new pattern. Based on the consideration of the
strategic layout of milk sources and the consolidation of the competitive
advantage in East China, in December 2019, Bright Dairy successfully bid for
Jiangsu Huishan Dairy and Jiangsu Huishan Animal Husbandry-related assets,
making the development of Bright Dairy's animal husbandry product sector more
balanced. East China is the core market of Bright Dairy. Consolidating the
number of cows in East China will help Bright Dairy improve the layout of milk
source bases in East and North China, expand markets in Jiangsu, Shandong, and
Anhui, and further expand and strengthen the dairy industry.
In 2019, Bright Dairy's overseas business has also entered the harvest
period. New Wright's key financial indicators remained stable, with an operating
income of 4.955 billion yuan and a net profit of 297 million yuan. While
maintaining a relatively high proportion of infant formula milk business, New
Wright has added other daily dairy products and entered domestic supermarket
channels to further expand its rich product line; the new liquid milk production
line and the infant milk powder production line in North Island have been
partially invested Operation; at the same time, actively explore diversified
financing channels, reduce financing costs, and optimize the capital structure.
New Wright successfully completed bond issuance in New Zealand. By locking in
lower financing costs and reducing the impact of interest rate fluctuations, it
will contribute more to the future income of Bright Dairy. Increment.
In 2019, Bright Dairy took the initiative to actively undertake corporate
social responsibilities, and launched a green campaign to recycle milk cartons
across the city. Consumers can collect 10 milk cartons of any brand and exchange
them for Bright Urgo Milk. In addition to recycling milk cartons for dairy
products, Bright Dairy has designed and adjusted the packaging of milk cartons,
added garbage classification labels, and made milk carton recycling less
“detours” to promote the recycling of milk cartons. In just half a year, the
milk carton recycling city-wide green action effectively covered 500,000 people,
with a total of 1.23 million milk carton recycling, which is equivalent to the
height of 20 Everest. Bright Dairy does not restrict the brand of recycled milk
cartons, and is dedicated to encouraging consumers to develop the habit of
recycling milk cartons, which has been highly praised by all sectors of society
and highlights the brand's public welfare mission.
Bright Dairy is in action to fight against the new crown pneumonia
epidemic
During the fight against the New Crown Pneumonia epidemic, Bright Dairy
assumed corporate social responsibility and dedicated its bright power. After
the epidemic occurred, Bright Dairy immediately donated various materials with
actual actions to pay tribute to the frontline anti-epidemic heroes and their
families. In Wuhan, the main battlefield against the epidemic, Bright Dairy
became the only dairy product company in the country that insisted on production
and market supply during the epidemic. In other areas where the epidemic is
relatively stable, Bright Dairy has overcome difficulties, made full use of its
power, and guaranteed supply. During the epidemic, the daily output of fresh
milk at the East China Central Factory of Bright Dairy exceeded 700 tons. Bright
Dairy also actively uses its own e-commerce platform and logistics advantages to
launch vegetable and meat distribution services on the Xuanxuan platform, and
promotes the sales of Baihe strawberries with zero-profit public welfare to
solve the worries of berry farmers.
Persevering in centuries of ingenuity is the responsibility of Bright Dairy.
Bright Dairy started in 1911 and has now spanned a century of history. It has
witnessed the changes of the times in the 70th anniversary of the founding of
New China, experienced the great changes in the 40th anniversary of reform and
opening up, and accompanied the healthy growth of generations of consumers. From
letting consumers drink milk to letting consumers drink good milk, Bright Dairy
is determined to pursue quality. A bright brand with a hundred years of history
must forge ahead on the road of innovation and development.