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In the first three quarters of 2022, the macro economy faces considerable downward pressure, as multi-location outbreaks of COVID-19 have damaged the consumption scene and impacted the demand side. However, from the recent third quarter reports of many beverage enterprises, the performance still achieved stable growth, highlighting the strong resilience of China's beverage industry and even the Chinese economy. Coca-Cola continued the momentum of the first half of the year, with third-quarter revenue up 10% from a year earlier. Danone's third-quarter revenue was up 9.5% from a year earlier, as its pulse performance improved from the previous quarter and its market share stabilized. In the third quarter, the revenue of Fragrance improved significantly from the previous quarter, and the quarter achieved profit. Both the ready-to-drink and juice tea sectors achieved more than 20% growth year-on-year. Dongpeng Beverage's revenue in the third quarter increased by 25.3% year-on-year, and the first three quarters continued to maintain a fast growth rate.
In the report to the 20th National Congress of the Communist Party of China, we made an in-depth analysis of the international and domestic situation, comprehensively reviewed the work of the past five years and the great changes in the new era of the decade, spoke highly of the bucking the trend of China's economic growth in the special period, and expressed more optimism and expectations for the future of the Chinese economy, charting the course and setting the tone for the new journey in the new era. From 2013 to 2021, China's GDP grew at an average annual rate of 6.6 percent, higher than the average growth rate of the world and other developing economies during the same period. After years of rapid development, China's beverage industry has laid a solid foundation for high-quality innovative development in the future, and the bright future is certain. Under the positive policies, the construction of the new development pattern of the industry will be accelerated. Under the market background of industrial chain connectivity, the industry will usher in a new starting point and make more new breakthroughs.
Brand exhibition, leading innovation. When the new development of beverage industry is brewing, CBST2021 will be held in a grand way. The exhibition will continue to write a beautiful picture of the openness and integration of the whole industrial chain of China's beverage industry and seek common development. Bring together enterprises in the industry to display the latest technology and innovative products; Exhibition and broadcasting frontier dynamics, integration of industrial chain resources meet and integrate; Looking forward to the future trend, mutual promotion of creativity releases the dividends of the industry, helping you with the shortest time, the least energy, the highest efficiency to view the whole industry innovation achievements, harvest high value customer resources. Collect exhibitors' boutique products, present the latest creativity, integrate development wisdom, and promote win-win opportunities. China Beverage on the new journey will share a bright future with you. CBST2021 is a worthwhile trip!
Pre-registration for CBST2024 individual visitors will open on September 1, 2023.
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