State-owned COFCO Corp remains the top agriculture company in China, boasting an impressive operation revenue of 664.95 billion yuan ($95.29 billion) in 2021, according to the latest Top 500 Chinese Agricultural Enterprises.
The total operation revenue of enterprises on this year’s list amounted to a staggering 6.15 trillion Yuan, with the top three companies all posting revenues exceeding 100 billion Yuan.
The top three Chinese agricultural enterprises are:
1. COFCO Corporation, the largest Chinese agriculture company
2021 operation revenue: 664.95 billion Yuan
COFCO is the leading player in China’s food processing and trading industry, and is also one of Asia’s premier agribusiness groups.
Recognized as one of China’s Top 100 Employers in 2022, the corporation boasts a ranking of 13th.
Founded in 1949, COFCO’s headquarters are located in the COFCO Fortune Plaza in the Chaoyang District of Beijing.
The company’s core business is agri-products, with a focus on grains, oils, sugar, cotton, meat, and dairy products.
Additionally, COFCO operates in complementary businesses including finance, and real estate.
Website: http://www.cofco.com/en/
2. New Hope Group Co Ltd
2021 operation revenue: 252.65 billion Yuan
New Hope Group Co., Ltd. is a leading private enterprise group in modern agriculture, animal husbandry, and the food industry.
Founded by renowned private entrepreneur Mr. Liu Yonghao in 1982, the company is known for its impressive feed production capacity, ranking second in the world, and first in China.
It also boasts the largest poultry processing capacity in China and is one of the top integrated suppliers of meat, eggs, and milk in the country.
In 2022, New Hope Group was ranked 356 on the Fortune Global 500 list, further solidifying its position as a major player in the industry.
Website: http://www.newhopegroup.com/
3. Beijing Capital Agribusiness and Foods Group
2021 operation revenue: 183.09 billion Yuan
Beijing Capital Agribusiness and Foods Group, also known as Shounong Food Group Co., Ltd, is a state-owned company established in December 2017 through the merger of Beijing Capital Agricultural Group Co., Ltd, Beijing Grain Group Co., Ltd, and Beijing Ershang Group Co., Ltd.
In December 2018, the company underwent a reorganization and was officially transformed into a state-owned capital investment company, receiving approval from the Beijing government.
The company plays a crucial role as the main channel, carrier, and force in food supply guarantee services for the Chinese capital, Beijing.
Website: https://www.bjcag.com/
