Milestones
Striving Forward with Determination: Harvest Capital 2022 Year-End Review
Date: 2023-01-17 Views:
Tearing off a page from the calendar doesn't change anything. What we truly need is the spirit of steady daily progress where merit never goes to waste; composure and calmness when facing changing circumstances; seeking constancy within change, and finding certainty within uncertainty.
Over sixteen years of entrepreneurial journey, we have witnessed the ups and downs of the equity market, and countless wealth stories emerge and fade.
Wealth is incremental, created through new productivity improvements and resource allocation. Those enterprises empowered by technology, with brand essence, truly altruistic, breaking through long-term value competition and underlying growth logic—these are truly high-value good companies.
The main creators of incremental value are entrepreneurs. Entrepreneurs are doers and innovators who can lead teams to survive in narrow spaces, truly seeing problems clearly, thinking them through, and executing thoroughly. In this era, everyone needs to be their own entrepreneur; everyone needs entrepreneurial spirit. Only thus can we live up to time and life.
A speck of dust from the times, falling on each person, becomes a mountain. However, different mindsets can also bring unexpected turnarounds and silver linings.
Offline entities experienced three years of darkest moments but also welcomed resilient enterprise growth. In an era of striving, we need to be full of positive energy, refuse to lie flat, and choose to fight. With such long-termism, ideals can become reality. No winter lasts forever; no spring fails to arrive.
Those undercurrents beneath calm surfaces are time's footnotes. Those moments we experienced together can be treated lightly or seriously. Harvest Capital's annual review looks back at the corporate events that occurred in 2022 and will continue writing new chapters.
Portfolio Company Updates
Eastroc Beverage
Babi Food
Qiaqia Food
In March 2022, Qiaqia Food donated supplies to Shanghai Ruijin Hospital, Shanghai Baoshan Hospital, and lockdown communities in 5 batches
ORG
Laiyifen
Jinmailang
Aimer
Laoxiangji
Wenheyou
Harvest News
In January 2022, Harvest Capital exclusively invested RMB 600 million in Jinmailang. As one of the few domestic industry giant enterprises spanning two major tracks—food and beverages—Jinmailang has risen at an astonishing speed in the noodles and beverages sectors, creating a miracle of rapid growth for Chinese food industry enterprises. From the large-portion One and a Half Bucket series and Cool Boiled Water to "Lamian Fan" zero deep-frying healthy noodle series, it has shaped multiple star industry products.
In April 2022, after Shanghai entered "emergency status," Harvest Capital immediately contacted our portfolio companies, which are also important livelihood guarantee units. Jinmailang and Babi Food actively implemented donation matters. Harvest Capital donated supplies worth a total of RMB 8.143 million, mainly including Jinmailang Lamian Fan, self-heating rice, Cool Boiled Water bottled drinking water, and Babi frozen pastries.
In November 2022, Harvest Capital's Hong Kong office was established, helping the company better connect domestic and international capital markets, more efficiently serve domestic and overseas entrepreneurs and investors, actively respond to portfolio companies' overseas needs, help portfolio companies improve capital and time efficiency, and assist portfolio companies in achieving high-quality development.
Since 2022, we have assisted multiple portfolio companies in completing site selection, operations, business analysis, enterprise second growth curve, equity incentives, ROE budgeting, red-chip structure building, and other special analyses, empowering internal enterprise value, core competitive elements, and capital markets. We released a series of studies on Japan's social consumption transformation, and research on cycle-transcending companies Domino's and Uniqlo.
Alan Song, Founder of Harvest Capital, held over 10 livestreams, conversing with Lin Muqin, Jiang Nanchun, Xiang Songzuo, Guan Qingyou, Li Qingyang, Hong Rong, Qian Xuefeng, Wu Ting, and other friends from all sectors of society, discussing macroeconomic and enterprise development issues with portfolio companies and the consumer industry. Released over 300 pieces of content, hoping to give back to the industry with our insights, our understanding of consumption and investment.
Honor of Harvest
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