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| 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}}
| 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}}
| traded_as = {{sehk|322}}<br />{{twse|910322}}
| key_people = CEO Wei Junxian<ref>[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>
| 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]]
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| 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 =
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'''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]].
'''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]] 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>
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 [[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|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 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 web|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 web|title=Starbucks Signs Agreement with Tingyi Holding Corp. to Expand in China’s $6 Billion Ready-to-Drink Coffee & Energy Category|url=https://www.businesswire.com/news/home/20150318006570/en/Starbucks-Signs-Agreement-Tingyi-Holding-Corp.-Expand}}</ref>
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>


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|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 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>


==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 | 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 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}}
{{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.
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