Tiandi No.1 Beverage

Last updated
Tiandi No.1 Beverage
Company type public
NEEQ:  832898
Industrybeverage
Founded2002 [1]
FounderChen Sheng
Headquarters
China
Area served
mainland China, Hong Kong
Key people
  • Chen Sheng (Chairman & CEO)
  • Zhang Luan (Vice-Chairman)
  • Yan Bin Executive President)
  • Wang Guang (Director)
Productsapple vinegar
BrandsTiandi No.1
RevenueIncrease2.svg CN¥1.574  billion  (2015)
Increase2.svg CN¥514.816 million (2015)
Increase2.svg CN¥441.590 million (2015)
Total assets Increase2.svg CN¥2.538 billion (2015)
Total equity Increase2.svg CN¥1.365 billion (2015)
Owner
  • Chen Sheng (80.18%)
  • Wang Guang (4.99%)
  • Zhang Luan (4.98%)
  • others (9.85%)
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

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]

Related Research Articles

<span class="mw-page-title-main">Shanxi cuisine</span>

Shanxi cuisine, or Jin cuisine, is derived from the native cooking styles of Shanxi Province in China. It is famous for noodles, fried flatbread and sour tastes. The cuisine is also famed for using its locally produced vinegar, just like in Huaiyang cuisine, but the flavour is totally different.

<span class="mw-page-title-main">Black vinegar</span> Dark-colored vinegar in Chinese cuisine

Black vinegar is dark-colored vinegar traditionally used in Chinese and other East Asian cuisine.

<span class="mw-page-title-main">Urban rail transit in China</span>

Urban rail transit in China encompasses a broad range of urban and suburban electric passenger rail mass transit systems including subway, light rail, tram and maglev. Some classifications also include non-rail bus rapid transport. As of 31 December 2023, China has the world's longest urban rail transit system with more than 10,000 km (6,200 mi) of urban rail nationwide in 49 systems in 47 cities, accounting for 9 of the 10 longest metro systems, with the exceptions of the Moscow Metro or metro systems in Seoul combined if metro systems in the same cities are merged in the rank.

<span class="mw-page-title-main">Zhanjiang Tiandi No.1 F.C.</span> Association football club in Zhanjiang, Guangdong, China

Zhanjiang Tiandi No.1 FC was an association football club located in Zhanjiang, Guangdong, China.

<span class="mw-page-title-main">Line 4 (Beijing Subway)</span> Railway line of Beijing subway

Line 4 of the Beijing Subway is a subway line in Beijing's mass transit network. It entered into operation on 28 September 2009, and runs from north to south, parallel and to the west of Line 5, through Haidian, Xicheng, and Fengtai Districts in the western half of the city. It runs from Anheqiao North in the north and ends at Gongyixiqiao in the south, but the 4-Daxing connected line runs all the way to Tiangongyuan in Daxing. All stations are underground except Anheqiao North. It is 28.2 km (17.5 mi) long with 24 stations. Riding on this line starts from a fare of RMB(¥) 3.00 depending on the distance traveled. Line 4's color is teal.

<span class="mw-page-title-main">Pingguoyuan station</span> Beijing Subway station

Pingguoyuan station is a station on Line 1, Line 6 and Line S1 of the Beijing Subway, located in Pingguoyuan Subdistrict, Shijingshan District, Beijing.

<span class="mw-page-title-main">Line 1 (Guangzhou Metro)</span> Line of the Guangzhou Metro

Line 1 of the Guangzhou Metro runs from Xilang to Guangzhou East Railway Station. Apart from Kengkou and Xilang, all stations in Line 1 are underground. The first section, from Xilang to Huangsha, opened on 28 June 1997, making Guangzhou the fourth city in mainland China to have a metro system. Construction took a total of 66 months. The total investment is 12.2616 billion yuan with an average cost per kilometer of 662.9 million yuan. The full line started operation on 28 June 1999. Line 1 is coloured yellow.

<span class="mw-page-title-main">Sunac</span> Chinese property developer

Sunac China Holdings Limited, or Sunac, is a major property developer headquartered in Tianjin, China. The company focuses on large-scale, medium to high-end property developments. It does not only focus on its home market of Tianjin, but also has operations in Beijing, Chongqing, Wuxi and other cities.

<span class="mw-page-title-main">Yuantong station</span> Nanjing Metro interchange station

Yuantong station is an interchange station between Line 2 and Line 10 of the Nanjing Metro. The Line 10 station began operations on 3 September 2005 as part of Line 1's Phase I that ran from Maigaoqiao to Olympic Stadium, while the interchange with Line 2 opened when that line opened on 28 May 2010. On 1 July 2014, with the opening of Line 10, the former branch of Line 1 from Andemen to Olympic Stadium became re-designated as Line 10.

<span class="mw-page-title-main">Chen Shu (actress)</span> Chinese singer and actress (born 1977)

Chen Shu is a Chinese singer and actress.

<span class="mw-page-title-main">Xiangxue Pharmaceutical</span> Chinese pharmaceutical company

Xiangxue Pharmaceutical Co., Ltd. also known as XPH, is a Chinese pharmaceutical company. It was headquartered in Guangzhou Economic and Technological Development Zone, Guangzhou, the capital of the Guangdong Province. The company started in a place that near to the tourist spot Luogang Xiangxue, thus called itself Xiangxue.

<span class="mw-page-title-main">Chen Yuqi</span> Chinese actress (born 1992)

Chen Yuqi, also known as Yukee Chen, is a Chinese actress. She is known for her lead role as Zhao Min in Heavenly Sword and Dragon Slaying Sabre.

Arthur Chen Feiyu, is a Chinese actor. He is known for his roles in Secret Fruit (2017), Ever Night (2018), and Lighter & Princess (2022).

<span class="mw-page-title-main">Chen Yiwen</span> Chinese diver

Chen Yiwen is a Chinese diver.

<span class="mw-page-title-main">Wangyuehu station</span> Subway station in Changsha, Hunan, China

Wangyuehu station is a subway station in Changsha, Hunan, China, operated by the Changsha subway operator Changsha Metro.

Chen Guanfeng is a Chinese track and field sprinter. He represented his country at the 2022 World Athletics Championships where he competed in the Men's 4 × 100 metres relay event.

<span class="mw-page-title-main">Beishenshu station</span> Beijing Subway station

Beishenshu station is a subway station on Line 17 of the Beijing Subway. The station opened on December 31, 2021.

<span class="mw-page-title-main">Xitieying station</span> Beijing Subway station

Xitieying station is a subway station on Line 14 of the Beijing Subway. The station opened on December 31, 2021.

<span class="mw-page-title-main">Shanxi mature vinegar</span> Special food product of Shanxi Province, China

Shanxi mature vinegar is a type of Chinese vinegar. It is a product of Shanxi Province.

References

  1. 1 2 3 4 发展历程 (in Chinese (China)). Tiandi No.1 Beverage. Retrieved 28 December 2019.
  2. 1 2 2015 Annual Report (PDF) (Report) (in Chinese). Tiandi No.1 Beverage. 21 March 2016. Retrieved 7 January 2016– via National Equities Exchange and Quotations.
  3. 1 2 3 4 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.
  4. ↑ 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.
  5. ↑ 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.
  6. ↑ "2015 Annual Report" (PDF). Haisheng Juice. 19 August 2016. Retrieved 7 January 2017– via Hong Kong Exchanges and Clearing Limited website.
  7. ↑ 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.
  8. ↑ "History" (in Chinese). Guangdong Tiandi Food Group. Archived from the original on July 23, 2008.{{cite web}}: CS1 maint: unfit URL (link)
  9. ↑ "Vinegar maker to raise $98m for M&As". China Daily. 30 October 2015. Retrieved 7 January 2017.
  10. ↑ "About us" (in Chinese). Guangdong No.1 Food Co., Ltd. Retrieved 7 January 2017.
  11. ↑ "2012 Forbes China Rich List 400 (Full List)". Forbes. 11 October 2012. Retrieved 7 January 2017.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.