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{{other uses}}
{{More citations needed|date=April 2020}}
{{More citations needed|date=April 2020}}
{{short description|Chinese company}}
{{short description|Chinese company}}
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{{other uses}}
{{Infobox company
{{Infobox company
| name = Tingyi (Cayman Islands) Holding Corporation <br /> 康師傅控股有限公司
| name = Tingyi (Cayman Islands) Holding Corporation
| logo = masterkong.png
| logo = masterkong.png
| logo_size = 300px
| logo_size = 300px
Line 10: Line 10:
| foundation = 1991
| foundation = 1991
| founder =
| founder =
| location_city = [[Tianjin]]
| location_city = [[Shanghai]] <br> [[Tianjin]]
| location_country = [[China]]
| location =
| location =
| native_name = 康師傅控股有限公司
| origins =
| native_name_lang = zh
| key_people = [[Chairman]] and [[CEO]]: {{Interlanguage link multi|Wei Ing-Chou|zh|3=魏應州}}
| trade_name = Tingyi (Cayman Islands) Holding Corporation<br />{{zh|c=頂益（開曼島）控股有限公司|p=Dǐngyì（Kāimàn dǎo）Kònggǔ Yǒuxiàngōngsī|labels=no}}
| traded_as = {{sehk|322}}<br />{{twse|910322}}
| key_people = CEO Wei Junxian<ref>[https://web.archive.org/web/20190801165009/http://www.xinhuanet.com/tw/2018-09/20/c_1123462106.htm 2018 Cross-Strait New Economic Forum held in Beijing]. [[Xinhua News Agency]]. 2018-09-20.</ref>
| area_served = [[China]]
| area_served = [[China]]
| industry = [[Foods]]
| industry = [[Foods]]
Line 23: Line 25:
| net_income =
| net_income =
| num_employees =
| num_employees =
| parent =[[Ting Hsin International Group]]
| parent =[[Ting Hsin International Group]] (33.48%)<br/>[[Sanyo Foods Co., Ltd]] (33.48%)
| divisions =
| divisions =
| subsid =
| subsid =
| owner =
| owner =
| company_slogan =
| company_slogan =
| homepage = [http://www.masterkong.com.cn/ Tingyi (Cayman Islands) Holding Corporation (Mainland China)]<br>[http://www.masterkong.com.tw/ Tingyi (Cayman Islands) Holding Corporation (Taiwan)]
| homepage = {{URL|http://www.masterkong.com.cn/}}
}}
}}


'''Master Kong''' ({{zh|first=s|s=康师傅控股有限公司|t=康師傅控股有限公司|p=Kāng-shīfu Kònggǔ Yǒuxiàngōngsī}}; formally (Tingyi (Cayman Islands) Holding Corporation; {{zh|first=s|s=顶益(开曼岛)控股有限公司|t=頂益(開曼島)控股有限公司|p=Dǐngyì (Kāimàn Dǎo) Kònggǔ Yǒuxiàngōngsī|labels=no}}; {{hkex|322}}), doing business as '''Master Kong''' ({{lang|zh|康師傅}}), is the largest [[instant noodle]] producer in [[China]].
'''Master Kong''' ({{zh|first=s|s=康师傅控股有限公司|t=康師傅控股有限公司|p=Kāng-shīfu Kònggǔ Yǒuxiàngōngsī}}) is the largest [[instant noodle]] producer in [[China]].


Established in 1991, Master Kong is a branded company headquartered in Shanghai/Tianjin, China. It specializes in the production and distribution of instant noodles,<ref name="reuters">{{cite web | url=http://money.msn.com/business-news/article.aspx?feed=OBR&date=20130520&id=16495800 | title=China's Tingyi Q1 profit falls 47 pct as sales slow | publisher=Reuters | date=20 May 2013 | accessdate=2013-05-30 | archive-url=https://web.archive.org/web/20140902072318/http://money.msn.com/business-news/article.aspx?feed=OBR | archive-date=2 September 2014 | url-status=dead }}</ref> [[beverages]],cakes and relevant supporting industries. In 1996, it was listed in Hong Kong(HK0322) and is currently constituent of MSCI China Index and  Hang Seng China 100 Index.<ref>{{Cite web|url=http://www.masterkong.com.cn/trends/introduction/|title=康师傅介绍|website=www.masterkong.com.cn|access-date=2020-03-29}}</ref>
Established in 1991, Master Kong is a branded company headquartered in [[Shanghai]] and [[Tianjin]]. It specializes in the production and distribution of instant noodles,<ref name="reuters">{{cite web | url=http://money.msn.com/business-news/article.aspx?feed=OBR&date=20130520&id=16495800 | title=China's Tingyi Q1 profit falls 47 pct as sales slow | publisher=Reuters | date=20 May 2013 | access-date=2013-05-30 | archive-url=https://web.archive.org/web/20140902072318/http://money.msn.com/business-news/article.aspx?feed=OBR | archive-date=2 September 2014 | url-status=dead }}</ref> [[beverages]], cakes, and relevant supporting industries. In 1996, it was listed in Hong Kong and is currently constituent of MSCI China Index and the Hang Seng China 100 Index.<ref>{{Cite web|url=http://www.masterkong.com.cn/trends/introduction/|title=康师傅介绍|website=www.masterkong.com.cn|access-date=2020-03-29}}</ref>


In 2019, Master Kong achieved revenue of 61.978 billion yuan, a year-on-year increase of 2.13%; achieved net profit of 3.331billion yuan，a year-on-year increase of 35.22%.<ref>{{Cite web|url=http://www.xinhuanet.com/tech/2020-03/24/c_1125759361.htm|title=“免疫力”成康师傅年报亮点：2019年多赚35%，手握174亿现金 -新华网|website=www.xinhuanet.com|access-date=2020-03-30}}</ref>According to Nielsen, the sales volume of Master Kong instant noodles in 2019 accounted for 43.3% of market shares, ranking first in the market.<ref>{{Cite web|url=http://www.xinhuanet.com/tech/2020-03/24/c_1125759361.htm|title=“免疫力”成康师傅年报亮点：2019年多赚35%，手握174亿现金 -新华网|website=www.xinhuanet.com|access-date=2020-03-30}}</ref>According to Kantar, in 2019, Master Kong’s juice ranks second in juice market penetration. Meanwhile, the penetration of Master Kong RTD tea reached 38%, 10 percentage points higher than the second.<ref>{{Cite web|url=http://www.xinhuanet.com/tech/2020-03/24/c_1125759361.htm|title=“免疫力”成康师傅年报亮点：2019年多赚35%，手握174亿现金 -新华网|website=www.xinhuanet.com|access-date=2020-03-30}}</ref>
In 2019, Master Kong achieved revenue of 61.978 billion [[Chinese yuan|yuan]], a year-on-year increase of 2.13%; achieved net profit of 3.331 billion yuan, a year-on-year increase of 35.22%.<ref name="xinhuanet.com">{{Cite web|url=http://www.xinhuanet.com/tech/2020-03/24/c_1125759361.htm|archive-url=https://web.archive.org/web/20200807230055/http://www.xinhuanet.com/tech/2020-03/24/c_1125759361.htm|url-status=dead|archive-date=August 7, 2020|title="免疫力"成康师傅年报亮点：2019年多赚35%，手握174亿现金 -新华网|website=www.xinhuanet.com|access-date=2020-03-30}}</ref> According to Nielsen, the sales volume of Master Kong instant noodles in 2019 accounted for 43.3% of market shares, ranking first in the market.<ref name="xinhuanet.com"/> According to Kantar, in 2019, Master Kong's juice ranks second in juice market penetration. Meanwhile, the penetration of Master Kong RTD tea reached 38%, 10 percentage points higher than the second.<ref name="xinhuanet.com"/>


In November 2011, Master Kong and [[PepsiCo]] established a strategic alliance for the production and sales of all non-alcoholic beverages in China.<ref>{{Cite press release|title=Tingyi Holding and PepsiCo Finalize Strategic Alliance in China|url=https://www.prnewswire.com/news-releases/tingyi-holding-and-pepsico-finalize-strategic-alliance-in-china-145295165.html}}</ref> In March 2015, Master Kong and Starbucks officially entered into cooperation agreement for the production and sales of Starbucks bottled and canned ready-to-drink products in China.<ref>{{Cite press release|title=Starbucks Signs Agreement with Tingyi Holding Corp. to Expand in China's $6 Billion Ready-to-Drink Coffee & Energy Category|date=18 March 2015 |url=https://www.businesswire.com/news/home/20150318006570/en/Starbucks-Signs-Agreement-Tingyi-Holding-Corp.-Expand}}</ref>
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In June 2018, Master Kong was shortlisted in national brand project of Xinhua News Agency.<ref>{{Cite web|url=http://www.xinhuanet.com/food/2018-06/27/c_1123043847.htm|title=康师傅入选新华社民族品牌工程 以航天品质践行民族品牌企业使命|last=|first=|date=|website=|url-status=live|archive-url=|archive-date=|access-date=}}</ref>

⚫
In June 2018, Master Kong was shortlisted in the national brand project of [[Xinhua News Agency]].<ref>{{Cite web|url=http://www.xinhuanet.com/food/2018-06/27/c_1123043847.htm|archive-url=https://web.archive.org/web/20180627061052/http://www.xinhuanet.com/food/2018-06/27/c_1123043847.htm|url-status=dead|archive-date=June 27, 2018|title=康师傅入选新华社民族品牌工程 以航天品质践行民族品牌企业使命}}</ref>


In May 2019, Master Kong successfully delivered the first batch of customized products “Customized Master Kong Express Chef’s Noodle for Chinese Ice Athletes" to Chinese Winter Sports Federation of General Administration of Sport of China and became the nutrient diet partner of the Winter Sports Management Center of the General Administration of Sport of China from 2019 to 2022.<ref>{{Cite web|url=http://www.xinhuanet.com/food/2019-05/13/c_1124487214.htm|title=备战再升级，冬运中心携手康师傅科技助力膳食保障|last=|first=|date=|website=|url-status=live|archive-url=|archive-date=|access-date=}}</ref>
==History==
==History==
The company was founded in [[Tianjin]] by the Wei brothers from [[Changhua County]], [[Taiwan]] in 1991.<ref>{{Cite web|url=http://www.taipeitimes.com/News/biz/archives/2002/11/26/184846|title=Tingyi to take on local instant noodle makers - Taipei Times|website=www.taipeitimes.com}}</ref> It was listed on the [[Hong Kong Stock Exchange]] in 1996.<ref>{{Cite web|url=http://www.irasia.com/listco/hk/tingyi/profile.htm|title=irasia.com - Tingyi (Cayman Islands) Holding Corp.|website=www.irasia.com}}</ref>
The company was founded in [[Tianjin]] by the Wei brothers from [[Changhua County]], [[Taiwan]] in 1991.<ref>{{Cite web|url=http://www.taipeitimes.com/News/biz/archives/2002/11/26/184846|title=Tingyi to take on local instant noodle makers - Taipei Times|website=www.taipeitimes.com|date=26 November 2002 }}</ref> It was listed on the [[Hong Kong Stock Exchange]] in 1996.<ref>{{Cite web|url=http://www.irasia.com/listco/hk/tingyi/profile.htm|title=irasia.com - Tingyi (Cayman Islands) Holding Corp.|website=www.irasia.com}}</ref>


It is a wholly owned subsidiary of [[Ting Hsin International Group]].<ref>{{cite news| url=https://www.bloomberg.com/apps/news?pid=20601080&sid=aqwOLSP9Mz4s | work=Bloomberg | title=Tingyi Targets Up to 16% Growth on China Stimulus (Update1) | date=23 October 2009}}</ref>
It is owned 33.48% by [[Ting Hsin International Group]]<ref>{{cite news| url=https://www.bloomberg.com/apps/news?pid=20601080&sid=aqwOLSP9Mz4s | work=Bloomberg | title=Tingyi Targets Up to 16% Growth on China Stimulus (Update1) | date=23 October 2009}}</ref> and 33.48% by Sanyo Foods.


In March 2011, [[Unilever]] was fined 2 million Yuan for the distribution of information about future price hikes and Tingyi was given a warning about publicly discussing their price increases.<ref>{{Cite news|url=https://www.wsj.com/articles/SB10001424052748703859304576306401272168750|title=China Fines Unilever for Price Comments|last=Sonne|first=Paul|date=2011-05-07|work=Wall Street Journal|access-date=2019-10-28|language=en-US|issn=0099-9660}}</ref>
In March 2011, [[Unilever]] was fined 2 million Yuan for the distribution of information about future price hikes and Tingyi was given a warning about publicly discussing their price increases.<ref>{{Cite news|url=https://www.wsj.com/articles/SB10001424052748703859304576306401272168750|title=China Fines Unilever for Price Comments|last=Sonne|first=Paul|date=2011-05-07|work=Wall Street Journal|access-date=2019-10-28|language=en-US|issn=0099-9660}}</ref>


In June 2011, Master Kong<ref name="Master Kong noddle">{{cite web | url=http://www.shanghaidaily.com/nsp/Business/2011/04/01/Unilever%2BTing%2BHsin%2Bdelay%2Bhike/ | title=Unilever, Ting Hsin delay hike in China | publisher=Shanghi Daily and RetalInAsia.com | date=1 April 2011 | accessdate=2013-05-30 | author=Wang, Joy}}</ref> was found by market research firm TNS to be the second most valued brand in China.<ref name="WSJscene">{{Cite web|url=https://blogs.wsj.com/scene/2011/07/04/noodles-and-electronics-asias-most-valued/|title=Noodles and Electronics: Asia’s Most Valued|first=Alexandra|last=Wexler|date=July 4, 2011}}</ref>
In June 2011, Master Kong<ref name="Master Kong noddle">{{cite web | url=http://www.shanghaidaily.com/nsp/Business/2011/04/01/Unilever%2BTing%2BHsin%2Bdelay%2Bhike/ | title=Unilever, Ting Hsin delay hike in China | publisher=Shanghi Daily and RetalInAsia.com | date=1 April 2011 | access-date=2013-05-30 | author=Wang, Joy}}</ref> was recognized by market research firm, TNS, to be the second most valued brand in China.<ref name="WSJscene">{{Cite news|url=https://blogs.wsj.com/scene/2011/07/04/noodles-and-electronics-asias-most-valued/|title=Noodles and Electronics: Asia's Most Valued|first=Alexandra|last=Wexler|newspaper=Wall Street Journal |date=July 4, 2011}}</ref>


As of 2013, its main competitors are [[Want Want China]] and [[Uni-President]].<ref name="reuters"/>
As of 2013, its main competitors are [[Want Want China]] and [[Uni-President]].<ref name="reuters"/>
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In 2014, Master Kong was facing the food safety problem in Taiwan.<ref>{{Cite web|url=https://www.chinatimes.com/realtimenews/20140913003080-260410?chdtv|title=康師傅精燉蔥燒排骨湯麵 回收 - 財經|last=中時電子報|website=中時電子報|language=zh-Hant-TW|access-date=2019-09-16}}</ref>
In 2014, Master Kong was facing the food safety problem in Taiwan.<ref>{{Cite web|url=https://www.chinatimes.com/realtimenews/20140913003080-260410?chdtv|title=康師傅精燉蔥燒排骨湯麵 回收 - 財經|last=中時電子報|website=中時電子報|language=zh-Hant-TW|access-date=2019-09-16}}</ref>


In 2015, Master Kong stopped distributing its instant noodles in Taiwan. The group’s board of directors has approved a plan to completely withdraw from the Taiwanese market.<ref>{{Cite web|url=http://www.taipeitimes.com/News/biz/archives/2017/01/04/2003662452|title=Master Kong withdrawing from Taiwan - Taipei Times|website=www.taipeitimes.com|access-date=2019-09-16}}</ref>
In 2015, Master Kong stopped distributing its instant noodles in Taiwan. The group's board of directors has approved a plan to completely withdraw from the Taiwanese market.<ref>{{Cite web|url=http://www.taipeitimes.com/News/biz/archives/2017/01/04/2003662452|title=Master Kong withdrawing from Taiwan - Taipei Times|website=www.taipeitimes.com|date=4 January 2017 |access-date=2019-09-16}}</ref>


==See also==
==See also==
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*[http://www.masterkong.com.cn/ Tingyi (Cayman Islands) Holding Corporation (Mainland China)]
*[http://www.masterkong.com.cn/ Tingyi (Cayman Islands) Holding Corporation (Mainland China)]
*[https://web.archive.org/web/20090317120150/http://www.masterkong.com.tw/ Tingyi (Cayman Islands) Holding Corporation (Taiwan)]
*[https://web.archive.org/web/20090317120150/http://www.masterkong.com.tw/ Tingyi (Cayman Islands) Holding Corporation (Taiwan)]
{{Hang Seng Index}}

{{Noodle}}
{{Food companies of China}}
{{Food companies of China}}


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[[Category:Chinese companies established in 1991]]
[[Category:Chinese companies established in 1991]]
[[Category:Former companies in the Hang Seng Index]]
[[Category:Former companies in the Hang Seng Index]]
[[Category:1991 in Tianjin]]

Latest revision as of 06:28, 26 June 2024

For other uses, see Master Kong (disambiguation).
Tingyi (Cayman Islands) Holding Corporation
Tingyi (Cayman Islands) Holding Corporation
頂益（開曼島）控股有限公司; Dǐngyì（Kāimàn dǎo）Kònggǔ Yǒuxiàngōngsī
Native name
康師傅控股有限公司
Company typePublic company
SEHK: 322
TWSE: 910322
IndustryFoods
Founded1991
Headquarters
Shanghai
Tianjin
Area served
China
Key people
CEO Wei Junxian[1]
Productsinstant noodles, beverages, baked goods, soft drinks, bottled water
ParentTing Hsin International Group (33.48%)
Sanyo Foods Co., Ltd (33.48%)
Websitewww.masterkong.com.cn

Master Kong (simplified Chinese: 康师傅控股有限公司; traditional Chinese: 康師傅控股有限公司; pinyin: Kāng-shīfu Kònggǔ Yǒuxiàngōngsī) is the largest instant noodle producer in China.

Established in 1991, Master Kong is a branded company headquartered in Shanghai and Tianjin. It specializes in the production and distribution of instant noodles,[2] beverages, cakes, and relevant supporting industries. In 1996, it was listed in Hong Kong and is currently constituent of MSCI China Index and the Hang Seng China 100 Index.[3]

In 2019, Master Kong achieved revenue of 61.978 billion yuan, a year-on-year increase of 2.13%; achieved net profit of 3.331 billion yuan, a year-on-year increase of 35.22%.[4] According to Nielsen, the sales volume of Master Kong instant noodles in 2019 accounted for 43.3% of market shares, ranking first in the market.[4] According to Kantar, in 2019, Master Kong's juice ranks second in juice market penetration. Meanwhile, the penetration of Master Kong RTD tea reached 38%, 10 percentage points higher than the second.[4]

In November 2011, Master Kong and PepsiCo established a strategic alliance for the production and sales of all non-alcoholic beverages in China.[5] In March 2015, Master Kong and Starbucks officially entered into cooperation agreement for the production and sales of Starbucks bottled and canned ready-to-drink products in China.[6]

In June 2018, Master Kong was shortlisted in the national brand project of Xinhua News Agency.[7]

History

[edit]

The company was founded in Tianjin by the Wei brothers from Changhua County, Taiwan in 1991.[8] It was listed on the Hong Kong Stock Exchange in 1996.[9]

It is owned 33.48% by Ting Hsin International Group[10] and 33.48% by Sanyo Foods.

In March 2011, Unilever was fined 2 million Yuan for the distribution of information about future price hikes and Tingyi was given a warning about publicly discussing their price increases.[11]

In June 2011, Master Kong[12] was recognized by market research firm, TNS, to be the second most valued brand in China.[13]

As of 2013, its main competitors are Want Want China and Uni-President.[2]

In 2014, Master Kong was facing the food safety problem in Taiwan.[14]

In 2015, Master Kong stopped distributing its instant noodles in Taiwan. The group's board of directors has approved a plan to completely withdraw from the Taiwanese market.[15]

See also

[edit]

References

[edit]
  1. ^ 2018 Cross-Strait New Economic Forum held in Beijing. Xinhua News Agency. 2018-09-20.
  2. ^ a b "China's Tingyi Q1 profit falls 47 pct as sales slow". Reuters. 20 May 2013. Archived from the original on 2 September 2014. Retrieved 2013-05-30.
  3. ^ "康师傅介绍". www.masterkong.com.cn. Retrieved 2020-03-29.
  4. ^ a b c ""免疫力"成康师傅年报亮点：2019年多赚35%，手握174亿现金 -新华网". www.xinhuanet.com. Archived from the original on August 7, 2020. Retrieved 2020-03-30.
  5. ^ "Tingyi Holding and PepsiCo Finalize Strategic Alliance in China" (Press release).
  6. ^ "Starbucks Signs Agreement with Tingyi Holding Corp. to Expand in China's $6 Billion Ready-to-Drink Coffee & Energy Category" (Press release). 18 March 2015.
  7. ^ "康师傅入选新华社民族品牌工程 以航天品质践行民族品牌企业使命". Archived from the original on June 27, 2018.
  8. ^ "Tingyi to take on local instant noodle makers - Taipei Times". www.taipeitimes.com. 26 November 2002.
  9. ^ "irasia.com - Tingyi (Cayman Islands) Holding Corp". www.irasia.com.
  10. ^ "Tingyi Targets Up to 16% Growth on China Stimulus (Update1)". Bloomberg. 23 October 2009.
  11. ^ Sonne, Paul (2011-05-07). "China Fines Unilever for Price Comments". Wall Street Journal. ISSN 0099-9660. Retrieved 2019-10-28.
  12. ^ Wang, Joy (1 April 2011). "Unilever, Ting Hsin delay hike in China". Shanghi Daily and RetalInAsia.com. Retrieved 2013-05-30.
  13. ^ Wexler, Alexandra (July 4, 2011). "Noodles and Electronics: Asia's Most Valued". Wall Street Journal.
  14. ^ 中時電子報. "康師傅精燉蔥燒排骨湯麵 回收 - 財經". 中時電子報 (in Chinese). Retrieved 2019-09-16.
  15. ^ "Master Kong withdrawing from Taiwan - Taipei Times". www.taipeitimes.com. 4 January 2017. Retrieved 2019-09-16.
[edit]
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