Application of RADIAN ASAP-Liveid Platform in Flavor Type Discrimination of Chinese Baijiu and Authentication of Maotai
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China Consumer Close-Up
January 13, 2015 The Asian Consumer: A new series Equity Research China Consumer Close-up The who, what and why of China’s true consumer class Few investing challenges have proven more elusive than understanding the Chinese consumer. Efforts to translate the promise of an emerging middle class into steady corporate earnings have been uneven. In the first of a new series on the Asian consumer, we seek to strip the problem back to the basics: Who are the consumers with spending power, what drives their consumption and how will that shift over time? The result is a new approach that yields surprising results. Joshua Lu Goldman Sachs does and seeks to do business with +852-2978-1024 [email protected] companies covered in its research reports. As a result, Goldman Sachs (Asia) L.L.C. investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Sho Kawano Investors should consider this report as only a single factor +81(3)6437-9905 [email protected] Goldman Sachs Japan Co., Ltd. in making their investment decision. For Reg AC certification and other important disclosures, see the Disclosure Becky Lu Appendix, or go to www.gs.com/research/hedge.html. +852-2978-0953 [email protected] Analysts employed by non- US affiliates are not registered/ Goldman Sachs (Asia) L.L.C. qualified as research analysts with FINRA in the U.S. January 13, 2015 Asia Pacific: Retail Table of contents PM Summary: A holistic view of the Asian consumer 3 China’s cohort in a regional context (a preview of India and Indonesia) 8 What they are buying and what they will buy next: Tracking 7 consumption desires 11 Seven consumption desires in focus 14 1. -
High Quality Development Path of Chinese Sauce-Flavor Baijiu Industry—Analysis Based on Consumption Data
E3S Web of Conferences 251, 01099 (2021) https://doi.org/10.1051/e3sconf/202125101099 TEES 2021 High quality development path of Chinese sauce-flavor Baijiu industry—Analysis based on consumption data Cong Peng1,*, and Xu Guo1 1 School of Economics and Finance, Guizhou University of Commerce, Guiyang, Guizhou, China, 550014 Abstract:As an important part of Baijiu industry in China, Chinese sauce-flavor Baijiu is sought after by the consumer market for its unique taste. However, in recent years, there are still many challenges in the process of industrial development. Based on the analysis of three characteristics of Chinese sauce- flavor Baijiu market and the internal and external environments of industrial development, the internal and external factors of high quality and sustainable development of Chinese sauce-flavor Baijiu industry were discussed from three aspects - concentrated development, green development and diversified development. profits and taxes, the sauce-flavor Baijiu industry has made steady development[1]. In 2019, with the 1 Introduction production of 400,000 kilo-litre (about 5.1% of total Baijiu brewing in China has a long time history dated China’s production), the such type of enterprises back to ancient times. In the course of evolution, kinds accomplished the production value of 134.1 billion yuan, of brewing technology have been created and a unique 2% of the total China’s Baijiu industry value, among liquor culture was formed. The custom of raising a cup which the sauce-flavor Baijiu enterprises of Guizhou of liquor has rooted in Chinese culture for hundreds of province produced 80% of the total China’s amount, years. -
Backpacking in Remote Guizhou China Wedding in Hongkong
Backpacking in remote Guizhou China ---------- Wedding in Hongkong 17th September - Gulou (Drum Tower) 29th October 2007 Large size map is in photo gallery - www.xelliant.ch Background Again we had not planned this trip, but Peggy wished to see her family and school friends at AhPo’s Hongkong-wedding (after UK-wedding in Spring). Asked to join, I pushed to combine this with a completion of our China trip in 2005, when we had not ‘finished’ with beautiful and ‘backward’ Guizhou! Goals and Strategy · To spend a few weeks at low speed in beautiful Guizhou – Walking to feel what you see! · To take things as they happen and do what is possible with very little or no advance information! · Take minimum luggage and equipment to survive using 2 small backpacks only! · To enjoy and (sometimes:-) endure travelling, sleeping, eating at local standard in order to perceive the country and its charms and flavours also through the skin! · Travel in daytime only to enjoy the views! · Avoid tourist traps where possible. · In Hongkong: See as much of the family as possible and otherwise casually enjoy Hongkong! Results As usually, it took a couple of days to get into the Chinese routine, but then the excitement and enjoyment continued to increase until we rated this China trip as our most enjoyable experience so far! Lasting Impressions · Walking and walking through the generally charming and fertile countryside, encountering friendly and helpful people (almost) everywhere. · Being able to enjoy and even cherish rudimentary local standards (sleeping, eating, buses). · To see all these different minority groups and even experience how they live! The Gulou’s- 鼓楼 (drum towers) and the Wind and Rain Bridges of the Dong minority gave a strong symbolic character. -
Le Chevalier Errant
期 49 总第 JUILLET 2018 | MAGAZINE CULTUREL EN CHINOIS ET FRANÇAIS ISSN : 16749715 CN115961/C N°49 二零一八年七月刊 《孔子学院》中法文对照版 武侠 Le chevalier errant Le chevalier 孔 子 学 院 INSTITUT CONFUCIUS N.49 | JUILLET 2018 WWW.CIM.CHINESECIO.COM RMB 16 / EURO 5,99 NEOMA CONFUCIUS INSTITUTE FOR BUSINESS Le seul centre accrédité par Hanban en France et dans les pays francophones pour la formation et l’examen de CTCSOL (Certificate for Teachers of Chinese to Speakers of Other Languages). Le CTCSOL est un certificat international, délivré par Hanban, aux candidats ayant réussi l’examen de qualification professionnelle en tant que professeurs de chinois internationaux. PROCHAINES SESSIONS DE FORMATION ET D’EXAMEN L’INSTITUT CONFUCIUS DE Examen oral Formation à l’examen oral • Session 2018 : • 1re session : 2–4 janv. 2019 L’UNIVERSITÉ DE LORRAINE 5–6 janv. ; 13–14 janv. 2019 • 2e session : 3–5 juil. 2019 Situé à Metz, chef-lieu de l’ancienne région de Lorraine, • 1re session 2019 : • 3e session : 11–13 déc. 2019 l’institut Confucius de l’Université de Lorraine est une structure 6–7 juil. ; 13–14 juil. 2019 universitaire de coopération franco-chinoise (Université de Lorraine, e • 2 session 2019 : Formation à l’examen écrit Université de Technologie de Wuhan et Hanban). Il est également re 14–15 déc. ; 21–22 déc. 2019 • 1 session : 5–8 janv. 2019 soutenu par les autorités territoriales. Depuis sa création en 2011, • 2e session : 6–9 juil. 2019 il reste fidèle à sa vocation d’être un lieu d’échange et de découverte Examen écrit • 3e session : 14–17 déc. -
“Eight-Point Regulation” and “Chinese
vv Clinical Group Archives of Nursing Practice and Care DOI http://dx.doi.org/10.17352/anpc.000016 CC By Xianglong Xu1-3, Runzhi Zhu1-3, Sha Deng1-3, Sheng Liu1-3, Dengyuan Liu1-3, Research Article Cesar Reis4, Manoj Sharma5 and Yong Effects of “Eight-Point Regulation” Zhao1-3* 1School of Public Health and Management, and “Chinese Military Bans Luxury Chongqing Medical University, Chongqing 400016, China 2Research Center for Medicine and Social Banquets” on Price, Sale, and Development, Chongqing Medical University, Chongqing 400016, China Consumption of High-End Alcohol 3The Innovation Center for Social Risk Governance in Health, Chongqing Medical University, Chongqing Products in China 400016, China 4Loma Linda University Medical Center, Department of Preventive Medicine 24785 Stewart Street, Suite 204 Loma Linda, CA 92354 5Department of Behavioral and Environmental Health, Abstract Jackson State University, Jackson 39213, USA Background: Alcohol use disorder was linked to corruption, abuse of power, and bureaucratic Dates: Received: 20 June, 2016; Accepted: 02 ineffi ciency in mainland China. The Communist Party of China issued the “Eight-Point Regulation” and December, 2016; Published: 05 December, 2016 “Luxury Banquets Ban for Chinese Military” in December 2012 to eliminate extravagance and corruption. This study aimed to probe the effects of “Eight-point regulation” and “Chinese military bans luxury *Corresponding author: Yong Zhao, Department banquets” on price, sale, and consumption of high-end alcohol products in China. of Nutrition and Food Hygiene, School of public health and management, Chongqing Medical Methods: We collected and analyzed secondary data to derive refl ections on the infl uence of the University. -
Hunan Sanhong Pharmaceutical Company Limited “True Tiger Wine” Project
Hunan Sanhong Pharmaceutical Company Limited “True Tiger Wine” Project Feasibility Studies Report December 2005 Table of Content Chapter 1 General Introduction ................................................................................................................................................................................... 7 1.1 Project Summary ......................................................................................................................................................................................... 7 1.1.1 Project Title ....................................................................................................................................................................................... 7 1.1.2 Project Construction Contractor and Corporation ............................................................................................................................. 7 1.1.3 General Competent Authority of Project ............................................................................................................................................ 7 1.1.4 Nature of Project ................................................................................................................................................................................ 7 1.1.5 Specific Competent Authority of Project ............................................................................................................................................ 7 1.1.6 Project Construction Location and Area -
Research and Analysis Report of Kweichow Moutai Company
Academic Journal of Business & Management ISSN 2616-5902 Vol. 3, Issue 7: 1-5, DOI: 10.25236/AJBM.2021.030701 Research and Analysis Report of Kweichow Moutai Company Yinglin Qian School of Economics, Northwest University for Nationalities, Qujing, Yunnan 655000, China Abstract: Fiedler mentioned "does not exist a kind of is suitable for various situation of universal principles and methods of management, management can only act according to the circumstances of the specific", moutai company is the most influential brand in China and to achieve a monopoly in the competition and development, based on the fundamental analysis and technical analysis, maotai company for the industry analysis, company analysis and technical analysis, This paper probes into the development prospect of Maotai Company, obtains some problems existing in the development and puts forward corresponding investment suggestions for investors. Keywords: industry analysis, technical analysis, investment advice 1. Overview of Kweichow Moutai Company 1)Company business summary and analysis of capital ownership structure Since its establishment, the company has been engaged in a variety of businesses, including the production, sales and service of Maotai liquor, the production and sales of beverage, food and packaging materials, the development of anti-counterfeiting technology and the research and development of related products of the information industry. It belongs to the beverage manufacturing industry in the food and beverage industry, and is the typical representative of maotai-flavor liquor in China. It wants to have a famous reputation both at home and abroad, and it is the only liquor industry in China that has won the title of "green food" and "organic food". -
A Viga Ting Hin A
December 11, 2018 Food & Beverages Gan Bei: low inventory to support growth HINA C ■ We believe the China baijiu sector’s short-term slowdown has been priced in, and we consider the sector’s current valuation to be attractive. ■ Positive on the long-term outlook on product mix upgrades and channel reforms. Current tight channel inventory supports volume growth in 1H19F ■ We initiate coverage on China’s baijiu sector with an Overweight rating. Our top pick is Moutai. We have an Add call on Yanghe and Hold on Wuliangye. AVIGATING AVIGATING N Analyst(s) Lei YANG, CFA T (86) 21 6162 9676 E [email protected] FeiFei SUN T (86) 21 6162 5750 E [email protected] IMPORTANT DISCLOSURES, INCLUDING ANY REQUIRED RESEARCH CERTIFICATIONS, ARE PROVIDED AT THE Powered by END OF THIS REPORT. IF THIS REPORT IS DISTRIBUTED IN THE UNITED STATES IT IS DISTRIBUTED BY CGS-CIMB the EFA SECURITIES (USA), INC. AND IS CONSIDERED THIRD-PARTY AFFILIATED RESEARCH. Platform Navigating China Consumer Staples │Food & Beverages │December 11, 2018 TABLE OF CONTENTS Sector summary ............................................................................................................................. 5 Our market survey finds younger generation has started to drink baijiu ....................................... 9 China Baijiu sector overview ....................................................................................................... 13 Comparison of major baijiu players ............................................................................................ -
The Drink That Shook the World
THE FIGHT FOR GAY RIGHTS IN CHINA LOOK OUT LADIES, HERE COMES JULIO IGLESIAS BEAUTIFUL BHUtaN ZHUHAI SEts THE staGE FOR WORLD MUSIC 城市漫步珠江三角洲英文版 001034 月份 CHA CHA CHA THE DRINK THAT SHOOK THE WORLD APRIL 2013 GNIS AISGAD General Manager Henry Zeng Operations Manager Rachel Tong 《城市漫步》珠江三角洲 英文月刊 Finance Assistant Annie Qi Production Supervisor Jason Liang Designer Mei Mei Sales Managers Celia Yu, Morri Qin 主管单位 :中华人民共和国国务院新闻办公室 Account Managers Justin Lu, Christy Cai Supervised by the State Council Information Office of the People's Republic Account Executive Naney Deng of China Sales Assistants Sunnie Lü, Kenni Ouyang, Nicole Tang 主办单位 :五洲传播出版社 Marketing Executive Rosalyn Cheng 地址 :中国北京 海淀区北小马厂 6 号华天大厦 23-26 层 Published by China Intercontinental Press CEO Leo Zhou Address: Huatian Building, 6 North Xiaomachang, Haidian District, Beijing Editorial Director Ned Kelly 100038, China http://www.cicc.org.cn Director of Digital Products Joshua Newlan 社长 President: 李红杰 Li Hongjie IT Projects Max Zhang, Roy Guo 期刊部负责人 Supervisor of Magazine Department: 邓锦辉 Deng Jinhui HR/Admin Manager Penny Li Managing Editor Shane Qin General enquiries and switchboard Editors Tom Bird, Simon Edward Smith (020) 8358 6125 Events Editor Ester Yang [email protected] Web Editor Will Wu Editorial (020) 8358 9847 ext 808 [email protected] Editorial Assistant Juliette Ding Sales (Guangzhou) (020) 8358 9847 ext 802 [email protected] Contributors Brad Phillips, Celine Song, Charles Lanceplane, Christine (Shenzhen) (0755) 8623 3210 ext 801 Gilbert,David -
Wuliangye Yibin
Company Note Food & Beverages│China│October 31, 2019 Insert Insert China Wuliangye Yibin ADD (no change) Strong execution ability to drive long-term growth Consensus ratings*: Buy 33 Hold 5 Sell 2 ■ 3Q19 sales grew 27% yoy, with net profit up 35% yoy, both stronger than we Current price: Rmb132.1 expected, driven mainly by ASP and volume growth from new Wuliangye launches. ■ Wuliangye has proven to the market that its brand image and distribution network Target price: Rmb165.0 have consistently improved this year. Previous target: Rmb164.0 ■ We forecast that Wuliangye will continue to deliver 18% yoy sales growth in FY20F. Up/downside: 24.9% ■ Maintain Add with new DCF-based TP of Rmb165. CGI / Consensus: 7.1% Successful launch of new Wuliangye led to strong 3Q19 results Reuters: 000858.SZ Wuliangye achieved 27% yoy sales growth to Rmb37bn in 9M19 and its net profit was up Bloomberg: 000858 CH by 31% yoy to Rmb12bn. Of which, 3Q19 sales grew by 27% yoy to Rmb10bn with net Market cap: US$72,648m profit up by 35% yoy to Rmb3.2bn, both stronger than market and our estimates. We th Rmb512,683m believe the strong growth was mainly due to successful launch of 8 generation Average daily turnover: US$464.9m Wuliangye in June 2019 which drove up both ASP and volume growth in 3Q19. We Rmb3,312m estimate that 20,300t of the high-end Wuliangye brand were sold 20,300t in 9M19, and Current shares o/s: 3,882m c.5,000t of the new generation Wuliangye sold in 3Q19, 78% of our estimate for FY19F. -
Effect of Chinese Flavor Liquor and Its Extract Consumption on Mice Gut Microbiota
S O s Drugs and Alcohol Addiction p e s n Acce RESEARCH ARTICLE Effect of Chinese Flavor Liquor and its Extract Consumption on Mice Gut Microbiota Jingyi Hong1,2, Qichan Gao2, Shanshan Li2, Bei Jiang2, Guohao Zhang2, Pingchang Yang1,2, Zhigang Liu1,2* 1Department of Allergy, the Third Affiliated Hospital of Shenzhen University, Shenzhen, 518020, China. 2The Research Center of Allergy & Immunology, Shenzhen University School of Medicine, Shenzhen, 518060, China. Abstract Chinese flavor liquor (CFL) plays an important role in Chinese culture and people’s daily lives. It is the first choice of most Chinese residents when drinking liquor, so the health problems of CFL consumption should be paid attention to. Gut microbiota plays a key role in host physiology and metabolism. Although alcohol feeding has been proved to produce evident intestinal microbial changes, most of these studies focus on pure ethanol (EtOH), and no comparative study of flavor liquor has been carried out, ignoring the role of the trace components in flavor liquor. In this study, different doses of EtOH, CFL and the extract from CFL were given to C57BL/6 mice by gastric perfusion for 3 weeks consecutively. The fecal samples were collected and the effects of EtOH, CFL and CFL extract on gut microbiota composition changes were analyzed using 16S rRNA method. Results revealed that mice fed with CFL extract had increased the richness and diversity of gut mirobiota compared to mice in normal control group. CFL extract also improved the proportion of intestinal probiotics such as Lactobacillus and Bifidobacterium. 3-weeks consumption of EtOH can alter gut bacterial communities, decrease the relative abundance of Lactobacillus, Bifidobacterium and Akkermansia, while increase the relative abundance of Clostridium in a dose-dependent manner. -
China's Highest Antitrust Fines Against Two Liquor Soes Provide New
March 2013 China’s highest antitrust fines against two liquor SOEs provide new guidance on the AML enforcement. Contents Introduction ....................... 1 Introduction Background ....................... 1 On 22 February 2013, two provincial-level price control authorities, the Significance of these Guizhou Price Bureau and the Sichuan Development and Reform decisions ........................... 2 Commission (“Sichuan DRC”), announced that two well-known distillers of RPM: per se illegal or premium Chinese liquors were fined RMB 247 million and RMB 202 million “rule of reason” .............. 2 respectively for resale price maintenance (“RPM”). Fining calculations ........ 2 These groundbreaking RPM cases raise a number of significant issues Role of local enforcement regarding the enforcement of the PRC Anti-monopoly Law (“AML”). This is authorities ...................... 3 the largest fine to date that Chinese antitrust regulators have imposed in Conclusion ........................ 3 relation to the enforcement of the AML. It is also the first occasion when the AML authorities have considered the application of the AML to RPM practices. Background Maotai and Wuliangye are considered to be the leading players in China’s high-end strong aromatic liquor market. Both are provincial-level state-owned enterprises (“SOEs”). In January 2013, both companies announced that they had been inspected by the National Development and Reform Commission (“NDRC”) and the relevant provincial-level price control authorities and that their respective distribution activities were being investigated. On 22 February 2013 the Guizhou Price Bureau and Sichuan DRC published their formal announcement of the investigations and the decisions to impose fines on each of Maotai and Wuliangye. The announcement by the Guizhou Price Bureau is very brief, while the statement made by the Sichuan DRC is more detailed and provides more guidance on the enforcement of the AML.