Core Viewpoint - The acquisition of Qingdao Lufthansa by Caesar Travel Industry at a significantly lower price than its assessed value raises questions about the rationale behind purchasing a loss-making and inactive company [1][2][4]. Group 1: Acquisition Details - Caesar Travel Industry plans to acquire 100% of Qingdao Lufthansa for 16 million yuan, while the assessed value is 44.39 million yuan, indicating a substantial discount [1][2]. - Qingdao Lufthansa has a maximum annual production capacity of 25 million meals and a daily output of approximately 100,000 meals, with a storage capacity for 400,000 meals [1][2]. - The assessed net asset value of Qingdao Lufthansa is 28.21 million yuan, with an assessed value of 44.39 million yuan, resulting in a valuation increase of 1.62 million yuan and a growth rate of 57.35% [2]. Group 2: Financial Performance - Qingdao Lufthansa has been inactive for nearly a year and reported a revenue of 11.66 million yuan and a net loss of 15.37 million yuan in 2024 [4]. - In the first half of the current year, Qingdao Lufthansa's net loss was 760,360 yuan, with no revenue disclosed [4]. Group 3: Strategic Rationale - The acquisition is intended to leverage Qingdao Lufthansa's existing production capabilities and professional qualifications in airline catering, allowing for quicker market entry in Shandong and surrounding areas [4]. - The company aims to avoid the high initial investment and lengthy certification process associated with building new production lines, thereby reducing investment and operational risks [4]. - Caesar Travel Industry has a long-standing strategic partnership with the German Lufthansa Group, which is a leading player in the global airline catering sector [5].

Core Viewpoint - The safety and quality of in-flight meals are crucial for passenger health and the reputation of airline services, necessitating a robust food safety management system that aligns with international standards [1][2]. Group 1: Certification Achievements - Gansu Civil Aviation Catering Company has received HACCP, ISO 22000:2018, and ISO 9001:2015 certifications, indicating a scientifically established quality management model that meets international safety standards [1][4]. - The certifications enhance the safety control, production processes, and service standards of in-flight meals, providing a significant upgrade in food safety management [5]. Group 2: Management Systems Overview - The HACCP system focuses on identifying critical control points in food production to prevent safety issues from the source [2]. - ISO 22000:2018 integrates global food safety management standards, ensuring safety protocols are in place throughout the entire supply chain [2]. - ISO 9001:2015 emphasizes continuous improvement in quality management, ensuring stable product quality and service levels [2]. Group 3: Preparation for Certification - The company adopted a "safety first" approach during the preparation for the certification, involving multiple departments in comprehensive self-assessments to ensure compliance with safety standards [3]. - Various audit teams were formed to evaluate the completeness of system documents, the professionalism of staff training, and the compliance of production processes [3]. Group 4: Audit Process - The certification audit was conducted by the China Quality Certification Center, which employed a combination of document reviews and on-site inspections to assess the company's adherence to the three management systems [4]. - Key areas of focus included the organization structure, supplier qualifications, hygiene controls during production, and the effectiveness of implemented standards [4]. Group 5: Future Directions - The successful certification is seen as a foundation for further enhancing food safety management processes, with plans to integrate international standards into daily operations [5]. - The company aims to ensure that every in-flight meal meets safety standards, thereby protecting passenger health and contributing to the high-quality development of Gansu's civil aviation sector [5].