Master Kong
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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.
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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 type | Public company |
SEHK: 322 TWSE: 910322 | |
Industry | Foods |
Founded | 1991 |
Headquarters | |
Area served | China |
Key people | CEO Wei Junxian[1] |
Products | instant noodles, beverages, baked goods, soft drinks, bottled water |
Parent | Ting Hsin International Group (33.48%) Sanyo Foods Co., Ltd (33.48%) |
Website | www |
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]