From November 15th to 17th, 2023, the 8th China Special Food Conference was successfully held in Wenzhou City, Zhejiang Province and concluded successfully.This conference attracted more than 1,800 relevant personnel from home and abroad. During the 3-day conference, there were 3 general conferences, 8 sub-forums, 6 closed-door symposiums, 2 regulations publicity and implementation, and 2 surveys. 21 events were successfully held. More than 100 industry experts shared more than 130 keynote speeches, presenting a wonderful feast of industry ideas to the audience.Yangrui’s chinese food containers are also of such high quality.
The successful holding of the 8th China Special Food Conference and a series of activities not only stimulated innovation and creativity in the industry and promoted domestic and international exchanges and cooperation, but also accumulated valuable experience and laid a solid foundation for the smooth convening of the next conference. We look forward to the holding of the 9th China Special Food Conference and series of activities in 2024 as always empowering industry innovation and gathering strength for industry development.
Performance is under pressure, institutions have lowered target prices, and products have been refused entry for three consecutive months. Vitasoy continues to decline.A few days ago, the General Administration of Customs announced information on food that is not allowed to enter the country in September 2023. One batch of Vitasoy beverages was once again on the list. After sorting out, it was found that there were Vitasoy in May, July, and August this year. Its beverages were refused entry.
In June this year, Vitasoy handed over another report card of declining revenue. In fiscal year 2023, Vitasoy achieved operating income of HK$6.341 billion. In fiscal year 2021, Vitasoy's revenue was HK$7.520 billion, and in fiscal year 2022 it was HK$6.501 billion. Vitasoy's revenue has declined for two consecutive years. At the same time, in fiscal year 2023, Vitasoy's revenue in the mainland market further declined to HK$3.509 billion, accounting for 55% of Vitasoy's overall revenue.Yangrui’s chinese food containers are also of such high quality.
