Yueshi Holdings’ overseas procurement rises to 90% amid 11.5 million yuan social security arrears | Hong Kong E Voice

Summary

Yueshi Holdings' overseas procurement makes up 90.6% of total purchases, with over 690 overseas supplier partners. The company will increase South American sourcing as beef import quotas are implemented in 2026.

Commentary

Yueshi Holdings' overseas procurement share has surged to 90%, underscoring Chinese cold-chain firms' heavy reliance on imported meat. Country-specific beef import quotas, effective from 2026, are reshaping global trade flows. New Zealand, a key beef supplier to China, exported about 250,000 tons of beef to China in 2023, accounting for over 40% of its total exports.

The quota regime could squeeze small and medium exporters. Large processors such as Anzco and Silver Fern Farms are better placed to secure quotas, given their scale and channel advantages, while SMEs relying on spot trading face potential customs delays and higher tariff costs. Yueshi's pivot towards South American procurement signals accelerating supply-chain diversification among Chinese buyers.

If New Zealand sticks to traditional bulk frozen-meat exports, it may struggle to maintain price competitiveness. Notably, China's high-end retail and catering channels still show growing demand for grass-fed, low-carbon beef, where New Zealand pasture systems excel. Rather than passively waiting in the quota game, NZ SMEs could pivot to small-pack, traceable premium cuts that meet the flexible supply-chain needs of cold-chain platforms such as Yueshi.

Keywords: Yueshi Holdings, overseas procurement, beef, import quota, tariff, cold chain, supplier, inspection and quarantine, procurement strategy

Summary in Chinese | 摘要

粤十控股海外采购占比达90.6%，合作690多家海外供应商。2026年牛肉进口配额实施，公司将增加南美采购。

Commentary in Chinese | 评论

粤十控股海外采购占比骤升至九成，凸显中国冷链企业对进口肉类的深度依赖。2026年牛肉进口国别配额的实施，正重塑全球贸易流向。新西兰作为中国牛肉主要供应国之一，2023年对华出口牛肉约25万吨，占本国总出口逾四成，但配额机制可能挤压中小型出口商的空间。

怡安、银蕨等大型加工商凭借规模与渠道优势更易争取额度，而依赖现货交易的中小企业需直面清关延滞和关税成本上升的风险。另一方面，粤十转向南美采购的信号，反映出中国企业正加速供应链多元化，新西兰若仅靠传统冻肉大宗贸易，恐难维持价格竞争力。值得留意的是，中国高端零售和餐饮渠道对草饲、低碳牛肉需求持续增长，新西兰牧场恰以此见长。

NZ SME可考虑转向小包装、可溯源的精品分割肉，对接粤十这类冷链平台的柔性供应链需求，而非在配额博弈中被动等待。

关键词: 粤十控股, 海外采购, 牛肉, 进口配额, 关税, 冷链, 供应商, 检验检疫, 采购战略

Source: Sina