COFCO’s unique advantages in global distribution, fully-integrated value chain, and agricultural innovations, as well as its seat in the world’s largest emerging market make it one of the world’s leading agribusinesses, ready to build even more stable food corridors between the major production areas and the emerging markets.
Founded in 1949, COFCO has become a leading supplier of agri-products with grain, oil, sugar and cotton forming our core business and business scope ranging from branded products to financial services and real estate. COFCO has the leading edge in the Chinese market and is well positioned to take its first steps as an International agribusiness.
At present, COFCO has total assets of 544.4 billion RMB, an annual revenue of 470.9 billion RMB, total annual turnover of 150 million tons, a global storage capacity of 31 million tons, an annual processing capacity of 90 million tons, and an annual port transit capacity of 65 million tons. In China alone, COFCO has an integrated processing capacity of more than 60 million tons. COFCO is China’s largest food processing company, with products covering all the main categories of Chinese daily consumption, including rice, wheat, corn, oil and oilseeds, sugar, cotton, meat products, dairy products, wine, tea, and so on. COFCO has 2.3 million terminal sale points throughout China’s 952 large and medium-sized cities and more than 10,000 counties and villages, capable of providing consumers with a sufficient supply of quality and safe food year-round. COFCO plays an important supporting role in the maintenance of China’s grain and oil market stability.
On the global stage COFCO has a unique advantage. Anchored in the world’s largest market with a whole value chain that stretches around the world, COFCO has huge development potential. We are industry leaders in rice, wheat, corn, oil and oilseeds, sugar, and cotton in over 140 countries and regions of the world. We have a global coverage of grain and oil producing areas and own a sophisticated global production & procurement platform and trade network. The company already earns more than 50% of its operating income from overseas business. With its access and strong planning, COFCO can ensure a stable supply for two markets, Domestic and International, and be the foundation for food security.
We have also established packaged foods, finance, and real estate as three major complementary businesses. COFCO produces high-quality packaged food products and has created several high-quality brands covering oil, dairy products, meat, wine, and tea, of which Fortune, Mengniu, Greatwall, and ChinaTea are the most influential. We have also created financial services tailored for our needs in agricultural development, forming our own trusts, futures trading agents, insurance, risk management consulting, banking, funds, and other financial services. We have become builders of excellent living spaces, involved in the construction and management of commercial, residential, and tourism real estate as well as hotels and comprehensive regional development.
As an investment holding company, COFCO owns 13 listed companies, nine in Hong Kong: China Foods Ltd. (00506.HK), China Agri-Industries Holdings (00606.HK), Inner Mongolia Mengniu Dairy (Group) Co., Ltd. (02319.HK), CPMC Holdings Limited (00906.HK), Joy City Property Ltd. (00207.HK), COFCO Meat Investment Co., Ltd. (01610.HK), Fountain Set (00420. HK), YASHILI international Holdings Ltd. (01230.HK), China Modern Dairy Holdings Ltd. (01117.HK); and four in Mainland China: COFCO TUNHE Sugar Co., Ltd. (600737.SH), Jiugui Liquor Co. Ltd. (000799.SZ), COFCO Property Group Co. Ltd. (000031.SZ), COFCO Biochemical (000930.SZ).
In the future, COFCO will continue to focus on creating the world’s leading grain trader and food producer, aiming to become a model for national food security strategy and food safety strategy implementation.
During the period of the 13th Five-Year Plan (2016-2020), we strive to increase the state-owned share of COFCO’s food and grain industry to over 80%. By continuously promoting capital and business integration, we will improve our resource development and control capabilities. Through technological innovation and structural upgrades we will create more efficient value chains and have greater macro-control over national food security issues. By 2020, in order to achieve the “321155” objective, we will improve our capabilities to “3579” operating capacity.