Hurun released its first ranking of Chinese local food and beverage companies recently in the list was determined by market value of closing price on July 27 for listed companies or by calculating the latest public valuation for non-listed companies, according to Rupert Hoogewerf, chairman and chief researcher of Hurun Report. Judging by those values, China’s food and beverage industry saw high growth over the last 10 years.
Among the top 10, firms with major business in condiments and beverage claimed the largest share, followed by dairy firms.
Three of the 10 firms are based in Beijing, two in China Hangzhou, and one each in Foshan, Zhongshan, Hohhot, Luohe and Quanzhou.
Seven of the top 10 are listed firms and three are non-listed.
Wahaha’s milk tea ready for sale at a store in Huaian, East China’s Jiangsu province, on May 14, 2020.
No 7 (tie) Wahaha
Value: 60 billion yuan
Major business: beverage
No 6 Nongfu Spring
Value: 65 billion yuan
Major business: beverage (drinking water)
Hangzhou Wahaha Group Co Ltd, the leading beverage producer in China, has totally 36 subsidiary companies covering 16 provinces or cities. It has around 10 thousand employees, with a total assets of 4.4 billion yuan. The modern plants of the group have an occupation of land of more than 1800 Mu, with 500 thousand building area. It has over 60 world-class automatic production lines, whose value is over $300 million, thus it forms the productin capacity of 2.5 million tons per year with the accessory canning, bottling and capping lines.
The development of Wahaha has been highly valued by the society and the nation, thus the company is ranked as one of the “520 Key Corporations of the Nation” by the State Department, and it also won many other honors, such as “the National Quality Benefit Corps”, “Outstanding Contribution of Management of Chinese Corps”, and so on. At the same time, the brand “Wahaha” also becomes one of the resounding brand names of the nation.
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