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What does COFCO Group do?

COFCO Group is engaged in the procurement, storage, processing, transportation and trade of bulk agricultural products such as grains, oils and fats, sugar, meat, and cotton.

According to Aiqicha, COFCO Group Co., Ltd. is a large state-owned enterprise directly under the central government of the same age as New China, a leader in China's agricultural and food industry, an international company with global layout and the entire industry chain. Grain merchant. COFCO Group takes agriculture and grain as its core business, focusing on grain, oil, sugar, cotton, meat, dairy and other categories, and also involves the food, finance, and real estate fields. As of the end of 2021, the group's total assets were 686 billion yuan. In 2021, the group's overall operating revenue was 664.9 billion yuan, and its total profit was 23.8 billion yuan. COFCO Group continues to improve the layout of its main agricultural and grain business assets, continue to improve its bulk agricultural product management capabilities, promote the upstream and downstream coordination of agricultural product procurement, storage, processing, transportation and trade links, and efficiently ensure the supply of grain and oil in a market-oriented manner. Globally, COFCO actively promotes the expansion of its overseas layout, continuously improves global grain and oil logistics and warehousing capabilities, and ensures the stability of the international supply chain. It has formed an agricultural product trade and logistics network covering major production areas and main sales areas, and is engaged in grains, oils and oils, sugar, and meat. It purchases, stores, processes, transports and trades bulk agricultural products such as cotton and cotton, and establishes a stable food corridor between major global food-producing areas such as South America and the Black Sea and emerging markets in Asia. Nearly half of the company's operating income comes from overseas, and the total global annual sales volume of agricultural products is more than double China's annual import volume. COFCO Group has steadily promoted the reform of state-owned capital investment companies, innovated market-oriented systems and mechanisms, and formed 17 specialized companies with core products as the main line, namely COFCO International, COFCO Trading, COFCO Grains, COFCO Oils and Fats, COFCO Biotechnology, COFCO Sugar Industry, China Textile, COFCO Engineering, COFCO Liquor, COFCO Coca-Cola, COFCO Jiakang, China Tea, Mengniu Dairy, Womai.com, COFCO Packaging, COFCO Capital and Joy City Holdings.