COFCO Group

As a large central state-owned enterprise that is as old as the People's Republic of China, COFCO Group Co., Ltd. is rooted in the core business of agriculture and food, while also engaging in food, finance, and real estate. It has become a leading international agriculture and food enterprise.

As of the end of 2024, the Group's total assets reached 700 billion yuan, and its total operating revenue for 2024 was 635 billion yuan.

With global layout and full industry chain operations, COFCO is an important organizer of the global agricultural supply chain. The Group has established a full industry chain supply system covering cross-border grain purchasing, storage, logistics, processing, and trade. Its business spans six continents, with assets distributed in nearly 40 countries and regions, and an annual agricultural business volume of 180 million tons. The Group focuses on categories such as grain, oil, sugar, and cotton, with strategic layouts in advantageous production areas like South America and the Black Sea, which have the highest growth potential globally, and consumer markets in Asia-Pacific, Europe, Africa, and other regions that cover more than half of the world's population. It invests in storage facilities, ports, terminals, railways, large modern bulk grain transport fleets, builds agricultural processing bases, and densifies the global trade network, establishing a major agricultural trade corridor linking the Eastern and Western Hemispheres, contributing to a more stable and efficient global agricultural supply.

Leading with scale and reshaping traditional industries through innovation, COFCO is a pioneer in the transformation and upgrading of China's agricultural industry. As the main channel for China's agricultural imports and exports and a key builder of the logistics corridor for grain transportation from north to south, COFCO ranks first among domestic grain circulation enterprises in terms of grain trade operation scale. Its annual oilseed processing capacity, paddy processing capacity, sugar operation volume, and corn operation volume rank first nationally, while its corn deep processing capacity, wheat processing capacity, and cotton operation volume are among the top in the country. It has developed transshipment capabilities and large-scale, modern processing capabilities that match its scale. At key locations in the circulation network, such as the eastern coast and along the Yangtze River, it has built modern agricultural logistics hubs like Beiliang Port and Jingjiang Terminal. It has established more than 200 processing bases in China's major agricultural production and sales areas, and operates Asia's largest comprehensive grain and oil processing industrial park. The Group is accelerating the cultivation of new quality productive forces in agriculture, reshaping traditional industries through technological innovation, and working with hundreds of thousands of partners in the industry chain to jointly build a modern agricultural industry system.

As a national brand satisfying consumption upgrades, COFCO is the creator of excellent food brands and a guardian of nutrition and health. COFCO provides Chinese consumers with small-packaged rice, flour, cooking oil, sugar, wine, beverages, meat and meat products, tea, dairy products, etc., with sales outlets exceeding 4 million, covering over 90% of prefecture-level cities nationwide. New China's first bottle of dry red and dry white wine and the first state-owned tea company were born here. Brands such as "Fortune", "Great Wall", "China Tea", "Joycome", "Jiugui", "Yuehuo", and "Mengniu" have become widely acclaimed national brands. At the same time, the Group conducts in-depth research on national nutritional needs and leads the trend of dietary upgrades.

Promoting integration of industry and finance and the synergy of financial businesses, COFCO is a comprehensive financial platform characterized by serving the core agricultural business. The financial products under COFCO cover futures, trusts, insurance, and industry funds, forming a financial service chain supplemented by "industry funds + fintech + overseas business", focusing on expanding three innovative businesses: supply chain finance, agricultural finance, and health and wellness finance, providing financial support for the development of the agricultural industry chain and supply chain.

Rooted in urban renewal and creating new-style department store formats, COFCO is a service provider for urban development and a better life. The Group continuously drives dynamic linkage across multiple business formats, with businesses covering commercial, residential, industrial real estate, hotels, office buildings, long-term rental apartments, and property services. It has laid out in nearly 40 core first- and second-tier cities, constructing a "Joy City" ecosystem with rich business formats, comprehensive urban layouts, balanced asset structures, and scenes for people's better life. Its commercial projects like "Joy City" have been launched in over 25 cities nationwide, with more than 40 projects in operation or under construction, leading the high-quality development of commercial real estate in the context of diversified consumption scenarios.

In the future, COFCO will continue to focus on its core agricultural business, strengthen core functions, enhance core competitiveness, strive to be a pioneer in achieving high-level technological self-reliance and self-improvement, in building a modern industrial system, and in developing new quality productive forces. It will further promote enterprise reform, support comprehensive rural revitalization, pursue higher-quality development, and accelerate the building of a first-class enterprise with global competitiveness and influence.

COFCO is steadily advancing the reform of state-owned capital investment companies, innovating market-oriented systems and mechanisms, and forming 16 specialized companies centered around core products, namely COFCO International, COFCO Trading, COFCO Grains & Oils, COFCO Oils & Fats, COFCO Biotechnology, COFCO Sugar, Chinatex, COFCO Engineering & Technology, COFCO Wine & Spirits, COFCO Coca-Cola, COFCO Joycome, China Tea, Mengniu Dairy, Womai.com, COFCO Capital, and Joy City Holdings.

As an investment holding enterprise, COFCO has 14 listed companies, including 7 Hong Kong-listed companies: China Foods (00506.HK), Mengniu Dairy (02319.HK), Joy City Property (00207.HK), COFCO Joycome (01610.HK), Fountain Set (00420.HK), Modern Dairy (01117.HK), and China Shengmu (01432.HK), and 7 mainland companies: COFCO Sugar (600737.SH), Milkground (600882.SH), COFCO Technology (000930.SZ), Joy City Holdings (000031.SZ), Jiugui Liquor (000799.SZ), COFCO Capital (002423.SZ), and COFCO Engineering & Technology (301058.SZ).