- Business
- Tenfu (Cayman) Holdings Company Limited is an investment holding company principally engaged in the sales and marketing of traditional Chinese tea products, along with product concept development, flavors, and packaging design; it operates through Tea Leaves, Tea Snacks, Tea Ware, and Other Business segments. The Tea Leaves segment provides oolong tea, green tea, black tea, pu-erh tea, flower tea, white tea, bagged tea, and over 1,300 other varieties of traditional Chinese tea-leaf products; the Tea Snacks segment offers tea soft cakes, sachima, rose green bean cakes, Qiaoye pastries, tea eggs, walnut cakes, and approximately 400 varieties of tea snacks; the Tea Ware segment supplies teapots, tea stoves, and other tea utensils; and the Other Business segment includes nourishing delicacies such as Fotiaoqiang, sea cucumber, bird's nest, as well as catering management, beverage production, sales of pre-packaged food and liquor, restaurant, hotel, tourist services, and property management. The company markets its products primarily under the Tenfu, Tenfu Ten Xin, and Uncle Lee brands through self-owned and third-party retail outlets, concession counters in department stores and hypermarkets, and internet channels, targeting consumers in the People's Republic of China (PRC) where it maintains manufacturing plants in Fujian, Sichuan, Guangxi Zhuang Autonomous Region, Guizhou, and Zhejiang provinces, as well as overseas markets. Founded in 1993 and headquartered in Xiamen, PRC, Tenfu (Cayman) Holdings employs approximately 3,302 people and listed its shares on the Hong Kong Stock Exchange in 2011. In recent developments, the company repurchased and cancelled 3,647,000 ordinary shares in 2024 at a total cost of approximately HKD9.37 million following earlier repurchases, reducing issued shares to 1,084,730,000; it adjusted its sales network to 1,349 self-owned and third-party retail outlets by year-end 2024 from 1,377 in 2023, increasing wholesale and distributor proportions amid weak consumption; revenue declined 9.9% to RMB1,563 million for the year ended December 31, 2024, with profit falling 34.9% to RMB139 million; and it launched diversified products like Pork Crispy Strip and Instant Bird's Nest while enhancing organizational efficiency and customer loyalty programs.