Tiandi No.1 Beverage
Company typepublic
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
RevenueIncrease CN¥1.574 billion (2015)
Increase CN¥514.816 million (2015)
Increase CN¥441.590 million (2015)
Total assetsIncrease CN¥2.538 billion (2015)
Total equityIncrease 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

Tiandi No.1 Beverage Inc. is a Chinese non-alcoholic beverage company. The company produces apple vinegar.

Corporate history

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

  1. ^ a b c d 发展历程 (in Chinese (China)). Tiandi No.1 Beverage. Retrieved 28 December 2019.
  2. ^ 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.
  3. ^ 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.
  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.

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