Tingyi (Cayman Islands) Holding Corp. (the "Company"), and its subsidiaries (the "Group") specialise in the production and distribution of instant noodles, beverages and baked goods in the PRC. The Group started its instant noodle segment in 1992, and expanded into the bakery segment and beverage segment in 1996. The Group's three main product segments have established leading market shares in certain segments of the People's Republic of China's ("PRC's") food industry. According to ACNielsen SCAN TRACK EXPRESS, based on sales, in December 2010, the Group was the market leader in instant noodles, readyto-drink ("RTD") teas and bottled water, gained 55.8%, 51.9% and 20.8% market share respectively. The Group's diluted juice and sandwich crackers gained 17.5% and 22.7% market share and held a second position respectively. After years of hard work and accumulation, "Master Kong" has become one of the best known brands among consumers in China.
The Group distributes its products throughout the PRC through its extensive sales network consisting of 548 sales offices and 89 warehouses serving 6,155 wholesalers and 73,282 direct retailers as of 31 December 2010. The Group believes that this extensive sales network is a significant contributor to the Group's leading market shares and it enables the Group to rapidly and successfully introduce new products.
Focused on the development of the Group by concentrating its resources in food circulation business, the Group will continue to strengthen its logistics and sales system in the PRC with target of becoming "The biggest Group for Chinese Instant Food & Beverage in the World".
The Group was listed on The Stock Exchange of Hong Kong Limited in February 1996. The Company's major shareholders, Ting Hsin (Cayman Islands) Holding Corp. and Sanyo Foods Co., Ltd., holds 33.21% and 33.20% equity interest respectively in the Company. Market capitalisation as at 31 December 2010 was US$14.3 billion. The Company is a constituent stock of British's FTSE All-World Asia Pacific Ex-Japan Index and Morgan Stanley Capital International (MSCI) Hong Kong Index.
updated as per Annual Report 2010
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