KFC, McDonald's suppliers were exposed to shady Jinjiang shares or were implicated

Recently, McDonald's, KFC suppliers Shanghai Fu XI Food Co., Ltd. (Fu Hi Company) was exposed a large number of use of expired, metamorphic, defective raw materials to produce fast food needs. The Fu Hi Group's official website shows that Fu Hi China is offering food to McDonald's and Yum's KFC and Pizza Hut, as well as KFC's supplier, Fujian's San Nong Development (market, interrogation) (002299). SZ) joint venture to produce meat. It is worth mentioning that Jinjiang shares (market, interrogation) (600754. SH) 42.815% stake in Shanghai KFC Co., Ltd. Some market personage thinks, KFC frequently exposes the food case shady, as its big shareholder's Jinjiang shares also will be dragged down by it. According to the relevant media survey found that the Fu Hi company mainly has three major problems: tampering with the production date (many extensions for one year), will be outdated or modified raw materials to be recycled after production, and the defective mixed with qualified products sold. Video footage from the television media shows that Fu Hi, a McDonald's food product, has been mixed with a large number of expired chicken skins and breasts in the raw material of the MAI Le Chicken. These expired raw materials were sent to the mince area by the factory, after a large meat grinder crushed, was wrapped up 3 layers of powder, after 200 degrees Celsius high temperature fried, a piece of wheat Lok chicken was continuously produced, shape neat, no longer see the original face. In addition, Fu Hi company has been exposed to malicious tampering with the shelf life, the outdated products are recycled. Fu Hi Company sent an e-mail to Fu Hi factory said: "The above materials please help extend the shelf life to this weekend, scheduled production tomorrow." "These materials refers to a group of hundreds of frozen calf platoon, the calf row of cartons outside only the handwriting of the product name, production date, and no shelf life, production enterprises, approvals and other key information." According to the 2013 annual report, which was disclosed by Jinjiang Stock, the company's food and catering business consolidated revenue of 274.24 million yuan, a 17.67% increase from a year earlier, and a net profit of 25.51 million yuan in the Food and catering business division, 60.86% from a year earlier. According to the company, the net profit attributable to the food and Catering business division was reduced, mainly by the Shanghai KFC food raw Material incident, the human infection H7N9 avian influenza epidemic situation, the labor and the store rents cost rise, as well as other external operating environment influence. During the reporting period, Shanghai KFC Co., Ltd. realized operating income of 2,551,150,000 yuan a year, attributable to the parent company's net profit loss of 13.03 million yuan.