ANDRE JUICE(605198)2024-06-14 08:35Company Overview - The company is one of the earliest enterprises in China to engage in concentrated juice processing, established in 1996 with 9 subsidiaries and processing bases in major apple production areas [2] - It has 18 production lines and ranks among the top in global concentrated juice processing capacity [2] - The company has contributed over 12 billion CNY to farmers, promoting rural revitalization [2] Business Layout and Strategy - The company is a major supplier of concentrated juice globally, with products sold in various regions including North America, Europe, and Asia [3] - It has established long-term partnerships with renowned companies like Coca-Cola and Nestlé, maintaining a leading export volume in the industry [3] - The company plans to explore mergers and acquisitions to enhance market share and product line diversity in response to industry challenges [3][6] Production and Raw Material Procurement - The company primarily sources raw materials from local farmers, with concentrated apple juice production peaking from July to December each year [4] - It has paid over 12 billion CNY for raw material purchases since its inception, supporting farmers' income [4] - The company has adapted to fluctuating raw material prices, particularly in 2024, by organizing production to alleviate market challenges [4] Industry Trends - The global apple juice market is steadily growing, with developed countries showing stable demand while emerging markets are experiencing rapid growth [5][6] - The concentrated apple juice supply is tightening, leading to potential price increases, which may benefit financially stable leading enterprises [6] Product Diversification - The company is expanding its product range to include various juices such as NFC juice and decolorized/deacidified concentrated juice, responding to health trends and consumer demand [7] - New products like tomato juice and polyphenol juice have been introduced to diversify offerings and increase revenue [7] Global Market Insights - China and Europe are the primary regions for concentrated apple juice production, with demand concentrated in North America, Europe, and Japan [8] - From 2020 to 2023, China's export volume accounted for 25%-30% of the global total, with major export markets including the US and Europe [8]