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Announcement of 2018 final results of china foods limited: revenue achieved 15.648 billion RMB and profits increased by 23.32% compared with last year

On March 26, 2019, betway必威平台 betway安卓 Ltd. (00506.HK) announces its final results for the year ended 31 December 2018. The annual revenue and profits of betway必威平台 betway安卓 Ltd. from its continuing operations reached 15,648 million (Unit: RMB, the same below) and 576 million, respectively 17.14% and 23.32% increase compared with last year with the dual growth in revenue and profits. 

Statistics indicated that betway必威平台 betway安卓 Ltd. improved the production and operation efficiency and kept the gross profit margin stable by developing new products and deepening regional integration, although the prices of main raw materials except sugar went up dramatically. Also, administrative expense margin decreased by 0.8%.

According to data released by Nielsen, betway必威平台 betway安卓 maintained its leading position in the industry and the regions in which it operates. The total sales volume and market share by value of sparkling drinks, juices, bottled water, milk drinks and enhanced water reached 24% and 21% respectively. Sparkling drinks and juices continued to maintain a leading position, and market share of packaged water continuously was enhanced.

Under the theme of “Total Quality Improvement and Efficiency Enhancement, Achieving Innovation and Win-win Results” in 2018, betway必威平台 betway安卓 Ltd. optimized business and promoted innovation. 35 new SKUs under 6 categories and 14 brands were launched during 2018, including upgrades of traditionally advantageous products (such as Coca-Cola and Sprite fiber + series) and expansions of categories (such as the overall upgrading of GEORGIA coffee and “Yo! Tea”, a fashionable tea drink with blended flavors). With upgrades of products and expansions of categories, it is beneficial for betway必威平台 betway安卓 Ltd. to the growth in scale and improvement in product mix to and finally made it keep positive development trend. 

Another important innovation is achieved by distribution channels. Targeting at new retail channels, especially various e-commerce platforms, betway必威平台 betway安卓 Ltd. has established an e-commerce division to implement different marketing strategies according to traits of channel and work hard to replicate the competitive advantages in traditional channels.

Ms. Xiuju Luan, managing director of betway必威平台 betway安卓 Ltd., stated that betway必威平台 betway安卓 Ltd. would improve market position continuously by following consumer trend, optimizing product mix, enriching retail channels and satisfying consumer demands, and enhance profit margin by deepening regional integration, as the only focused beverage business within the COFCO Group. At present, company’s beverage business has maintained a sustainable pace of development. It is anticipated that the beverage industry will grow steadily attributed to expected stable development of betway必威平台 economy and upgrading of consumption in 2019. betway必威平台 betway安卓 Ltd. will strengthen traditional products and channels. Meanwhile, it will upgrade existing products, launch healthy and fashionable new products, accelerate the development of new retail channels and seize more consumption scenes. All of those will help enhance profitability, business performance and bring higher investment returns to shareholders.