Tingyi (Cayman Islands) Holding Corp. (the "Company"), and its subsidiaries (the "Group") specialise in the production and distribution of instant noodles, beverages and instant food products in the People's Republic of China ("PRC"). The Group started its instant noodle business in 1992, and expanded into the instant food business and beverage business in 1996. In March 2012, the Group further expanded its beverage business, the strategic alliance between the Company and PepsiCo in the beverage business in the PRC was established. The Company is exclusively manufacture, bottle, package, distribute and sell PepsiCo non-alcoholic drinks in the PRC. The Group's three main business segments have established leading market shares in the PRC's food industry. According to ACNielsen SCAN TRACK EXPRESS, based on sales volume, year-to-date December 2013, the Group was the market leader in instant noodles, ready-to-drink teas, bottled water, overall juice and egg rolls, gained 44.1%, 51.8%, 23.6%, 25.9% and 19.8% market shares respectively. According to Canadean December 2013 data, based on sales volume, Pepsi carbonated drinks gained 31.8% market share and held a second position. After years of hard work and accumulation, "Master Kong" has become one of the best known brands among consumers in the PRC.
The Group distributed its products throughout the PRC through its extensive sales network consisting of 566 sales offices and 75 warehouses serving 33,504 wholesalers and 110,355 direct retailers as of 31 December 2013. This extensive sales network is a significant contributor to the Group's leading market position and it enables the Group to introduce new products rapidly and effectively.
The Company was listed on The Stock Exchange of Hong Kong Limited in February 1996. Market capitalisation as at 31 December 2013 was US$16.2 billion. The Company is a constituent stock of British's FTSE All-World Asia Pacific Ex-Japan Index, Morgan Stanley Capital International (MSCI) Hong Kong Index and a component stock of Hong Kong‘s benchmark Hang Seng Index. For six consecutive years from 2008 to 2013, Tingyi was named one of the 50 best listed companies in Asia by Forbes for its solid financial track record and excellent management and entrepreneurial skills.
Focused on food manufacture, sales and circulation business, the Group will continue to strengthen its logistics and sales network in the PRC with target of becoming "The biggest Group for Chinese Instant Food & Beverage in the World".
updated as per Annual Report 2013
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