- Business
- Zuming Bean Products Co., Ltd Zuming Bean Products Corp. (003030.SZ) manufactures and sells a wide range of soybean-based products primarily in China. The company produces fresh soy products including tofu, thousand sheets, vegetarian chicken, dried tofu, fried tofu, and deep-fried tofu; leisure soy products such as leisure dried tofu, leisure bean rolls, and leisure vegetarian meat; and other items like bean sprouts, fermented bean curd, gluten, rice cakes, yingyu tofu, mulian bingshuang, soy milk in stand-up bags, Tetra Pak soy milk, and bottled soy milk. Founded in 2000 and headquartered in Hangzhou, Zhejiang Province, Zuming Bean Products operates through multiple wholly-owned subsidiaries including Anji Zuming Bean Food Co., Ltd., Yangzhou Zuming Bean Food Co., Ltd., Shanghai Zuming Bean Products Co., Ltd., Hangzhou Zuming Food Co., Ltd., Wuhan Zuming Bean Products Co., Ltd., and Hangzhou Zuming Weipin Technology Co., Ltd., as well as controlling stakes in Beijing Zuming Xiangxiang Bean Products Co., Ltd., Shanxi Zuming Jinda Bean Products Co., Ltd., and Guizhou Zuming Bean Products Co., Ltd. The company serves consumer markets focused on traditional Chinese cuisine, health-conscious plant-based options, and leisure snacks, with distribution networks concentrated in eastern and central China including the Yangtze River Delta region. In recent developments, Zuming Bean Products plans to acquire 51% equity in Nanjing Guoguo Bean Products Co., Ltd. for approximately RMB 112.2 million in cash, payable in installments and subject to performance adjustments for 2024-2026, making it a wholly-owned subsidiary to expand market share and synergies in the Yangtze River Delta; earlier in 2025, the company exited a joint venture by transferring its 50.8% stake in Beijing Zuming Xiangxiang Foods due to operational considerations. These moves reflect ongoing strategic consolidation in the competitive soy products sector, where Zuming leverages its production expertise and brand recognition to target growing demand for nutritious, affordable plant proteins.