HONG KONG, Oct. 19, 2017 /PRNewswire/ -- Tianyi (Summi) Holdings Limited ("Tianyi Summi" or the "Company", stock code: 00756, together with its subsidiaries, the "Group"), has been awarded the "Development Potential Award" ("the Award") of "Greater China Private Enterprise Investment Value Awards 2017" jointly organized by Metro Finance and CNFOL.com, in recognition of the Group's core competitiveness and development potential.
The Award aims at commending companies with outstanding performance during the year and enabling local and overseas investors to realize the outstanding achievements of the award winners in formulating their strategies, thereby enhancing corporate transparency of private enterprises and unleashing these companies' potential investment values. Dr. Haywood Cheung, the president of Chinese Gold & Silver Exchange Society, Mr. Christopher Cheung Wah Fung, member of the Legislative Council (Financial Services), and Mr. Roy Lo Wa Kei, managing partner of the SHINEWING (HK) CPA Limited, are the guests presenting the awards at the ceremony.
Mr. Sin Ke, chairman of Tianyi Summi said, "We have been working in the orange juice industry for more than 25 years, we are the fresh orange juice producer with the largest production capacity in China and also Asia's largest supplier of frozen concentrated orange juice (FCOJ). It is a great honor for us to receive the Award jointly organized by Metro Finance and CNFOL.com. The Award is an endorsement to our development strategies, and a demonstration of professional investors' recognition of the Company's adherence to the right course of nature in production of healthy beverage."
Tianyi Summi's FCOJ is mainly supplied to domestic and international renowned beverage enterprises to produce fruit juice drinks. The business has provided Tianyi Summi with stable cash flow. In 2015, the Group began to produce self-branded product - Summi fresh orange juice, which is produced with the oranges extracted from the tree within 24 hours. The product is mainly targeting the mainland and Hong Kong retail market. At present, Summi fresh orange juice is sold via approximately 5,000 sales points in mainland China and Hong Kong. The Group also entered into strategic cooperation with Sun Generation Limited to establish "Summi Shop" in Eat East for distribution of its products. In addition, Tianyi Summi also sells its products through its own online sales platform and Summi "Zero Distance", and other e-commerce platforms including JD.com, Tmall, Yihaodian and mall.icbc.com.cn.
Tianyi Summi began to launch smart vending machines, as a major innovative sales channel for Summi fresh orange juice in late June 2017. Tianyi Summi has installed about 1,000 smart vending machines in a number of major Chinese cities by late September 2017. The Group expects to complete the installation of 2,000 machines by the end of 2017 and plans to Install 20,000 smart vending machines in China over five years.
Mr. Sin Ke noted, "The Chinese government accelerated concern about the nation's food safety in recent years has led to the introduction of the Food Safety Law. The legislations not only bring harsh punishment to non-compliant enterprises, but also ensure food safety through tracing of material sources, as well as strengthen the regulation of product ingredient specifications. The relevant initiatives have led to the rectification or elimination of non-compliant players. On the other hand, it also brings opportunities to enlarge market shares for enterprises adherent to food safety. We are introducing our Summi fresh orange juice to hospitals and other venues with traffic of health-centric consumers via our smart vending machines, to seize the opportunity of industry consolidation and deepen product market penetration."
The Group has three production bases in Chongqing, Hunan and Fujian. It is one of the few orange juice processors operating its own upstream orange farms with an integrated business model. The Group was awarded, in December 2016, a certificate of Sustainable Agriculture Guiding Principles ("SAGP") for an orange plantation operated by the Group. The plantation supplies fresh oranges as raw material of FCOJ for a world leading beverage brand. The accreditation signified that the Group's agricultural practice complies with the stringent requirement for maintaining sustainable supply of healthy agricultural ingredients, in an environmental-friendly manner, to the international beverage giant.
About Tianyi Summi
Tianyi Summi became listed on the main board of the Stock Exchange Hong Kong Limited in July 2008. It is principally engaged in the production and sales of frozen concentrated orange juice and its related products (such as orange pulp and orange fibre) and fresh oranges. It also produces fresh orange juice without any reconstituted concentration processing under its Summi brand. As Asia's largest supplier of frozen concentrated orange juice, its customers include domestic and international renowned beverage enterprises. The Group is also the largest fresh orange juice producer in China, in terms of production capacity. The Group's Summi fresh orange juice is produced with the oranges which are extracted from the tree within 24 hours. Tianyi Summi's orange juice plants are also equipped with Class 10,000 clean room of GMP standards, which is unique in the country. The product has been sold in approximately 5,000 sales points in major cities in mainland China and Hong Kong. Tianyi Summi began to launch smart vending machines, as a major innovative sales channel for Summi fresh orange juice in late June 2017. Tianyi Summi has installed about 1,000 smart vending machines in Beijing, Shanghai, Qingdao, Hangzhou, Wuhan and a number of cities in Fujian Province.
With a vertically integrated business model, the Group runs four highly efficient FCOJ production plants and a new NFC production plant which are strategically located in China's three major citrus growing zones, namely Chongqing, Hunan and Fujian. The Group is one of the few fully-integrated orange juice manufacturers operating its own upstream orange plantations. The Group operates approximately 97.34 square km of orange plantation with matured fruit trees in Chongqing, China.
