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 by forming a strategic alliance with PepsiCo for the beverage business in the PRC.The Company exclusively manufactures, bottles, packages, distributes and sells PepsiCo nonalcoholic drinks in the PRC. The Group's three main business segments have established leading market shares in the PRC's food industry. According to AC Nielsen SCAN TRACK EXPRESS, based on sales volume, year-to-date December 2015, the Group was the market leader in instant noodles, ready-to-drink teas and egg rolls, having gained 46.5%, 55.4% and 15.4% market shares respectively. In bottled water and the overall juice drink market, the Group gained 17.6% and 20.0% market share respectively, ranked No. 2 in the market. According to Canadean December 2015 data, based on sales volume, Pepsi carbonated drinks had 28.8% 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 606 sales offices and 73 warehouses serving 30,095 wholesalers and 116,036 direct retailers as of 31 December 2015. 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 2015 was US$79.5 billion. The Company is a constituent stock of Morgan Stanley Capital International (MSCI) China Index and a component stock of Hong Kong's benchmark Hang Seng Index.
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 largest Group for Chinese Instant Food & Beverage in the World".
updated as per Annual Report 2015
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