|Sep 20, 2017|
|Sep 20, 2017|
Currency in HKD
Food: Major Diversified
|Full time employees:||47,115|
Want Want China Holdings Ltd. is an investment holding company, which engages in the manufacture, distribution, and sale of food and beverages. It operates through the following segments: Rice Crackers, Dairy Products and Beverages, Snack Foods and Other Products. The Rice Crackers segment manufactures sugar coated crackers, savory crackers, and fried crackers. The Dairy Products and Beverages segment includes flavored milk, yogurt drinks, ready-to-drink coffee, carbonated drinks, herbal tea, and milk powder. The Snack Foods segment comprises of candies, popsicles and jellies, ball cakes, beans, and nuts. The Other Products segment consists of mainly wine and other food products. The company was founded on October 3, 2007 and is headquartered in Shanghai, China.
Want Want China Holdings is a Taiwanese confectionery company headquartered in Shanghai, China. It offers a wide array of products ranging from snack foods such as gummies to baby milk powder and other dairy products. It holds an about 80% share of the rice cracker market, taking advantage of technical assistance provided by the Japanese company Iwatsuka Confectionery. Want Want China was listed on the Hong Kong Stock Exchange in 2008.
The predecessor of Want Want China was a Taiwan-based food manufacturing factory opened in 1962 by the father of Tsai Eng-meng, Want Want China's current chairman. At the age of 19, Tsai succeeded his father in the business. When he was 24, he visited Japan to meet Iwatsuka's founder Keisaku Maki to ask for technical assistance. Want Want China started growing dramatically from 1983, when Maki agreed to provide technical support.
Rice crackers are the company's core business. Technical staff sent by Iwatsuka guide employees on how to select materials and manage facilities. Implementation of strict quality control has helped the company gain customer confidence in China, where food safety problems have often occurred.
Want Want China has more than 100 factories and over 300 sales offices throughout China. With a sales force of more than 10,000, the company has extended its marketing reach deeply into the country's interior, including the Xinjiang Uighur Autonomous Region and Qinghai Province. It generates 80% of its total sales from regional small enterprises, such as privately owned shops.
The company is working to strengthen its dairy products division as a way to diversify its operations further. As such, it has tied up with the Japanese company Morinaga Milk Industry. While the Chinese market makes up approximately 80% of its rice cracker sales, the company will have to focus more other markets for growth.
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- Local currency
- US Dollar
|Income before tax||5,727.51M|
|Dividends per share||0.13|
|Operating cash flow||5,968.04M|
Currency in HKD
|Income before tax||737.84M|
|Dividends per share||0.01|
|Operating cash flow||768.83M|
Currency in USD
- Chairman & Executive President: Eng-Meng Tsai
- COO, Executive Director, VP-Dairy & Beverages: Wang-Chia Tsai
- Chief Financial Officer & Executive Director: Chi-Wen Chu
- Executive Director & Chief Information Officer: Yu-Feng Chan
- Managing Director-Administration Department: Yu-Sheng Lee
- TSAI ENG MENG(49.0%)
- Iwatsuka Confectionery Co., Ltd.(4.8%)
- CHENG WEN HSIEN(3.7%)
- OppenheimerFunds, Inc.(2.8%)
- TSAI ENG MENG FAMILY(1.5%)
- The Vanguard Group, Inc.(1.0%)
- TSAI WANG CHIA(0.8%)
- TSAI SHAO CHUNG(0.7%)
- TSAI WANG HSUAN(0.7%)
- BlackRock Fund Advisors(0.7%)
- Website: http://www.want-want.com
- Address: No. 1088 Hong Song Dong Road, Shanghai, 201103, China
- Phone: +86.21.6115111
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