Tiandi No.1 Beverage
| Company type | public |
|---|---|
| NEEQ: 832898 | |
| Industry | beverage |
| Founded | 2002[1] |
| Founder | Chen Sheng |
| Headquarters | China |
Area served | mainland China, Hong Kong |
Key people |
|
| Products | apple vinegar |
| Brands | Tiandi No.1 |
| Revenue |  CN¥1.574 billion (2015) |
| CN¥514.816 million (2015) | |
| CN¥441.590 million (2015) | |
| Total assets | CN¥2.538 billion (2015) |
| Total equity | CN¥1.365 billion (2015) |
| Owner |
|
| Footnotes / references in a consolidated basis, in Chinese accounting standards[2] | |
| Tiandi No.1 Beverage Inc. | |||
|---|---|---|---|
| Simplified Chinese | 天地壹号饮料股份有限公司 | ||
| Traditional Chinese | 天地壹號飲料股份有限公司 | ||
| |||
Tiandi No.1 Beverage Inc. is a Chinese non-alcoholic beverage company. The company produces apple vinegar.
Corporate history
![[icon]](/File:Wiki_letter_w_cropped.svg){kind=small} | This section needs expansion. You can help by adding to it. (December 2019) |
The founder of the company, Chen Sheng (Chinese: 陈生), invented his old vinegar (Chinese: 陈醋) recipe in 1997 and starts selling to the customers.[1][3] In 2002, the company was incorporated.[1] In 2007, the company starts selling Tiandi No.1 apple vinegar (Chinese: 天地壹号苹果醋饮料).[1][3]
The shares of the company is traded in the Chinese over-the-counter National Equities Exchange and Quotations since 2015. Although Chen Sheng and his brother Wang Guang (Chinese: 王广), owned a combined 85.17% shares of the company as at 31 December 2015. Moreover, the top 10 shareholders owned a combined 97.08% shares, including directors Zhang Luan (Chinese: 张銮, ranked 3rd for 4.98%) and Yan Bin (Chinese: 闫斌, ranked 6th for 1.00%).[2]
In April 2019, the company announced to form a joint venture with fellow beverage company Huiyuan Juice.[4] However, in July the deal was terminated.[5]
Notable equity investment
Tiandi No.1 Beverage owned 18.06% shares of Haisheng Juice (SEHK: 359) as of 2015.[6] Since 2016, Haisheng Juice is a supplier of Tiandi No.1 Beverage.[3]
Controversy
In 2013, Guangdong "Time Weekly" (Chinese: 时代周报) reported that the company stored their ingredients improperly, as well as addictive was added to produce their vinegar, concerning the actual quality of their drinks.[7]
In 2019, The Beijing News criticised the accuracy of the financial reports of the company.[3]
Sister company
Sister company Guangdong Tiandi Food Group, was the parent company of a football club based in Zhanjiang. The sister company named the club "Zhanjiang Tiandi No.1 F.C.".[8] Chen also owned Guangdong No.1 Food Co., Ltd.,[9] which sold "No.1 Native Pig" (Chinese: 壹号土猪) and "No.1 Native Chicken" (Chinese: 壹号土鸡).[10] Chen was ranked joint-357th in 2012 Forbes China Rich List.[11]
References
- ^ a b c d 发展历程 (in Chinese (China)). Tiandi No.1 Beverage. Retrieved 28 December 2019.
- ^ a b 2015 Annual Report (PDF) (Report) (in Chinese). Tiandi No.1 Beverage. 21 March 2016. Retrieved 7 January 2016 – via National Equities Exchange and Quotations.
- ^ a b c d 王子扬 [Wang Ziyang] (13 March 2019). 天地壹号净利润“突飞猛进”遭质疑. 新京报 [The Beijing News] (in Chinese (China)). Retrieved 28 December 2019.
- ^ Wang Ziyang (29 April 2019). 汇源与天地壹号首次携手，拟投60亿建合资公司newspaper=The Beijing News (in Chinese (China)). Retrieved 28 December 2019.
- ^ 叶碧华; 陈晓琪 (17 July 2019). “联姻”告吹！汇源果汁与天地壹号终止合作，股票继续停牌. 21世纪经济报道 [21st Century Business Herald] (in Chinese (China)). Retrieved 28 December 2019.
- ^ "2015 Annual Report" (PDF). Haisheng Juice. 19 August 2016. Retrieved 7 January 2017 – via Hong Kong Exchanges and Clearing Limited website.
- ^ 天地壹号"苹果醋饮料"质量真相：违规储藏隔年苹果汁存严重质量隐患 涉嫌"三精一水"勾兑苹果醋. 时代周报 [Time Weekly] (in Chinese (China)). 7 August 2013. Archived from the original on 14 September 2013. Retrieved 7 January 2017.
- ^ "History" (in Chinese). Guangdong Tiandi Food Group. Archived from the original on July 23, 2008.
{{cite web}}: CS1 maint: unfit URL (link) - ^ "Vinegar maker to raise $98m for M&As". China Daily. 30 October 2015. Retrieved 7 January 2017.
- ^ "About us" (in Chinese). Guangdong No.1 Food Co., Ltd. Retrieved 7 January 2017.
- ^ "2012 Forbes China Rich List 400 (Full List)". Forbes. 11 October 2012. Retrieved 7 January 2017.
External links
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