- Business
- Beingmate Co., Ltd. Beingmate Co., Ltd. (002570.SZ) researches, develops, produces and sells children's food and nutritious products primarily in China. The company offers infant formula milk powder, nutritional rice noodles, other complementary foods including baby cereals and weaning foods, nutritional supplements, adult milk powder, milk-based nutritional products and maternal supplies such as toiletries and baby care items; it also provides related consulting services in parent-child health, services and education. Founded in 1999 as a subsidiary of Beingmate Group established in 1992, Beingmate Co., Ltd. is headquartered in Hangzhou, Zhejiang Province, China, and operates with a focus on high-quality raw materials, advanced manufacturing and strict quality controls including ISO 9001 certification. In March 2024, Fonterra acquired an 18.8% stake for approximately 3.464 billion RMB to strengthen a global partnership announced the prior year; the company repurchased 51.2 million shares worth 150 million CNY under a 300 million CNY plan initiated in January 2024, received a new 300 million CNY buyback authorization in April 2025 for equity incentives and changed its name from Beingmate Baby & Child Food Co., Ltd. in October 2019.