What does COFCO do?

COFCO is engaged in the procurement, storage, processing, transportation and trade of bulk agricultural products such as grain, oil, sugar, meat and cotton.

According to Aiqi's investigation, COFCO is a large state-owned enterprise of the same age as New China directly under the central government, a leader in China's agriculture and grain industry, and an international grain supplier with global layout and whole industrial chain. COFCO takes agriculture and grain as its core business, mainly grain, oil, sugar, cotton, meat and milk, and also involves the fields of food, finance and real estate. By the end of 20021,the total assets of the group were 686 billion yuan. In 20021year, the total operating income of the group was 664.9 billion yuan and the total profit was 23.8 billion yuan. COFCO has continuously improved the asset layout of the main agricultural and grain industries, continuously improved the operational capacity of bulk agricultural products, promoted the upstream and downstream coordination of agricultural products procurement, storage, processing, transportation and trade, and guaranteed the supply of grain and oil in a market-oriented and efficient manner. On a global scale, COFCO actively promotes the expansion of overseas distribution, constantly improves the global grain and oil logistics and storage capacity, and ensures the stability of the international supply chain. It has formed an agricultural product trade logistics network covering the main producing areas and sales areas, engaged in the procurement, storage, processing, transportation and trade of bulk agricultural products such as grain, oil and cotton, and established a stable grain corridor between the major global grain 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 annual business volume of global agricultural products is more than twice that of China's annual imports. COFCO has steadily promoted the reform of state-owned capital investment companies, innovated market-oriented systems and mechanisms, and formed 17 companies focusing on core products, such as COFCO International, COFCO Trade, COFCO Grain, COFCO Oil, COFCO Bio, COFCO Sugar, China Textile, COFCO Engineering, COFCO Wine, COFCO Coca-Cola, COFCO Konka, China Tea, Mengniu Dairy, Womai.com, COFCO Packaging, COFCO Capital and Joy City Holdings.