Teway Food

What Teway Food does

Sichuan Teway Food Group Co., Ltd. (四川天味食品集团股份有限公司, stock code 603317) is a publicly listed Chinese compound seasoning manufacturer founded in 2007 and headquartered in Shuangliu District, Chengdu, Sichuan. The company develops, produces, and sells hot pot bases, Sichuan-style compound seasonings, recipe-style cooking sauces, and finished dishes under eight sub-brands, anchored by the premium Haorenjia (好人家) brand, the mass-market Dahongpao (大红袍) brand, and the century-old Tianche (天车) heritage soy sauce brand (a 'China Time-honored Brand' re-certified by the Ministry of Commerce in 2023). Its portfolio spans 300+ SKUs across hot pot, crayfish seasoning, fish dishes, soups, and customized catering applications.

Teway operates four modern production bases and two intelligent factories — the Pixian plant (commissioned 2022) and the Shuangliu plant (commissioned 2023) — both featuring full-process automation, 100% digital control, and integrated MES/APS/DCS/SCADA stacks. Proprietary technologies include the industry's first automated reaction-kettle feeding and stirring system, a dual helix cooling system, robotic batching and packaging, and a one-product-one-code traceability system spanning raw material to consumer. A CNAS-accredited central laboratory conducts 135+ testing indicators. Smart factory output delivers 2x single-line capacity and 6x per-capita efficiency, with per-unit manufacturing cost reduced by nearly 40%.

The company operates a multi-channel revenue model. The primary consumer channel runs through 3,001 authorized distributors reaching approximately 360,000 retail terminals, 59,600 supermarket outlets, and 48,000 restaurant chain locations across all 31 Chinese provinces; direct e-commerce operates through Tmall and JD flagship stores with live-streaming commerce. A B2B Customized Catering Solutions division supplies standardized and tailored seasoning products to chain restaurants including Zhang Liang Malatang (张亮麻辣烫), Li Xiang Da Xia (李想大虾), Wei Qian La Mian (味千拉面), and Jie Mei Er Tu Dou Fen (姐妹俩土豆粉). International trade exports the Haorenjia, Dahongpao, and Tianche brands to 40+ countries under the EU, North America, Australia, South America, Southeast Asia, and Japan. FY2020 disclosed revenue was 2.365 billion RMB (up 36.9% YoY) with net profit of 364 million RMB; the company employs 2,900+ people across production, R&D (140+), quality (136+), and raw material supervision (80+).

Name

Teway Food

Legal name

四川天味食品集团股份有限公司 (Sichuan Teway Food Group Co., Ltd.)

Website

https://teway.cn

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Teway Food (stock code 603317) is a publicly listed Chinese compound seasoning manufacturer producing hot pot bases, Sichuan-style sauces, and recipe seasonings for household consumers, chain restaurants, and export markets through 3,000+ distributors and Tmall/JD e-commerce channels across China and 40+ countries.

Ownership category

akta.pro rank

Product category

Compound Seasonings

NAICS

Mayonnaise, Dressing, and Other Prepared Sauce Manufacturing (311941), Seasoning and Dressing Manufacturing (31194)

SIC

Miscellaneous Food Preparations & Kindred Products (2090), Food And Kindred Products (2000)

akta.pro primary industry

Condiments, Sauces & Dressings (CRADAAAB)

akta.pro secondary industries

Hot Sauce & Chili Sauce Manufacturing (AFAKADAE), Wet Seasonings & Pastes (Curry Pastes, Harissa, Gochujang, Spice Pastes) (AFAJANAI)

Keywords

• Compound seasonings
• Hot pot bases
• Fish seasonings
• Customized catering solutions
• Soy sauce products

Headquarters

HQ city

Sichuan

HQ country

China

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Product Sales - Consumer Retail: Revenue from selling compound seasoning products including hot pot bases, Sichuan-style seasonings, sauces, and seasonings through distributors, supermarkets, and e-commerce channels to individual consumers and households.
2. Customized Catering Solutions: B2B solutions for chain restaurants providing customized product development, application support, and supply chain services. Includes products for连锁餐饮, 快餐企业, 团餐领域.
3. International Trade: Export sales to over 40 countries and regions including North America, Australia, EU, South America, Southeast Asia, and Japan. Products include 好人家, 大红袍, 天车 brands.
4. E-commerce Direct Sales: Direct online sales through Tmall and JD flagship stores, including live streaming commerce and promotional campaigns.

Pricing tiers

Go-to-market motion4 records

Distribution channels5 records

Marketing channels7 records

Core offering

Sichuan Teway Food Group Co., Ltd. manufactures and sells compound seasonings, including hot pot bases, fish seasonings, crayfish seasonings, chicken bouillon, and soy sauce products, through multiple proprietary brands (好人家, 大红袍, 天车, 拾翠坊, 加点滋味, 一品味享, 坛坛乡). The company also provides B2B customized seasoning solutions tailored for chain restaurant operators and exports its products to more than 40 countries worldwide.

Product overview

Teway Food (四川天味食品集团股份有限公司, stock code: 603317) is a comprehensive compound seasoning company with eight major brands: 好人家 (Haorenjia), 大红袍 (Dahongpao), 天车 (Tianche), 天味食品专业调味料定制, 拾翠坊, 加点滋味, 一品味享, and 坛坛乡. The company offers 300+ product varieties across hot pot bases, recipe-style seasonings, and sauce products. The core brands 好人家 and 大红袍 serve as the 'dual-wheel drive' strategy brands targeting different market segments, while 天车 provides heritage soy sauce and fermented products. The B2B custom seasoning service (定制餐调) serves chain restaurants with integrated solutions. The product portfolio is distributed through four main business segments: traditional retail, new retail, international business, and restaurant customization.

Differentiator

Problem solved

Functional benefit

Brands

• 好人家 (Haorenjia): High-quality seasoning leader brand, strictly adhering to good raw materials, bringing high-quality seasonings to consumers. Symbolizes vitality, enthusiasm and firm belief, meaning to bring happiness to thousands of families with delicious food.
• 大红袍 (Dahongpao)
• 天车 (Tianche)
• 天味食品专业调味料定制
• 拾翠坊
• 加点滋味
• 一品味享
• 坛坛乡

Products and services

• Compound Seasonings (Hot Pot Bases, Fish Seasonings, Crayfish Seasonings, Chicken Bouillon, Soy Sauce) Manufactured and sold by Sichuan Teway Food under multiple proprietary brands including 好人家 (Haorenjia), 大红袍 (Dahongpao), 天车 (Tianche), 拾翠坊 (Shicuifang), 加点滋味 (Jiadianziwei), 一品味享 (Yipinweixiang), and 坛坛乡 (Tantanxiang). Distributed through supermarkets, distributors, and e-commerce to household consumers across China and exported to 40+ countries.
• B2B Customized Catering Solutions Customized compound seasoning solutions tailored for chain restaurant operators, offering bespoke flavor development, recipe design, application guidance, and after-sales service. Targeted at chain restaurant procurement and product development teams.

Quantifiable outcome

• 单线产能提升超2倍，人均效能提升超6倍，单件制造成本下降近40%
• +5 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Nine partnerships are on record, tiered core, strategic and major.

• 四川省经济和信息化厅coreOthers · 31 July 2024Government department partnered for 走进标杆企业 brand activity, jointly promoting intelligent manufacturing excellence in Sichuan's manufacturing sector.
• 乌兹别克斯坦费尔干纳工商会strategicStrategic or Co-development Partner · 26 April 2024Uzbek Fergana Chamber of Commerce and Industry delegation visited Teway during 2024 Chengdu World Horticultural Expo, expressing interest in potential business cooperation and trade partnerships.
• 中国调味品协会coreOthers · 18 April 2024Industry association organized professional learning tours to Teway's smart factory, with participation from nearly 30 leading companies including海天、李锦记、太太乐、西门子.
• SAPcoreTechnology or Integration · 30 March 2020SAP provides enterprise management software as the core system platform for digital transformation. Implementation partner Deloitte assists with system deployment and process optimization. The SAP project covers ERP and HR modules, expected to go live by end of 2020, enabling real-time management, workflow-based processes, and integrated data analysis across the organization.
• 张亮麻辣烫majorStrategic or Co-development Partner · 31 October 2019Customized seasoning solutions provider for chain quick-service noodle restaurant brand with thousands of locations across China. Teway provides standardized flavor profiles and product development support.
• 李想大虾majorStrategic or Co-development Partner · 31 October 2019Customized product solutions for crayfish specialty restaurant chain, providing consistent seasoning across all locations.
• 味千拉面majorStrategic or Co-development Partner · 31 October 2019Japanese ramen chain served with customized soup base and seasoning solutions.
• 姐弟俩土豆粉majorStrategic or Co-development Partner · 31 October 2019Specialty potato noodle chain provided with customized seasoning products.
• 日本麻辣联盟strategicStrategic or Co-development Partner · 12 October 2019Japanese food experts visited to explore potential cooperation for bringing Teway products to the Japanese market. Discussions focused on overseas market development and product adaptation for Japanese consumer preferences.

Scale indicators16 records

Recent moves10 records

Expansion highlights6 records

Broad incumbents

• Lee Kum Kee: Hong Kong-based global sauce and condiment major (soy sauce, chili sauces, chef-focused products); competes with Teway in customized restaurant solutions and international markets, and shares the B2B catering channel orientation.
• Master Kong (Tingyi Holding): China's largest instant noodle and packaged food company with adjacent sauce/seasoning offerings; competes with Teway's hotpot base and customized seasoning business in B2B channels (Master Kong's restaurant supply arm) and consumer seasoning adjacency.
• Anjoy Foods Co., Ltd. China's leading frozen prepared foods company (SSE: 603345) including frozen crayfish, fish, and dish bases; comparable to Teway's ready-to-eat crayfish launch and shared B2B catering customer base, though operating in frozen rather than shelf-stable condiments.
• Haitian Flavouring and Food Company: China's largest condiment manufacturer (soy sauce, oyster sauce, seasonings) listed on SSE (603288); a broad incumbent whose portfolio overlaps with Teway's compound seasoning and customized catering ambitions, though Teway remains more concentrated in hotpot base and Sichuan flavor.
• Jiangsu Hengshun Vinegar Industry Co., Ltd. China's largest vinegar producer and condiment manufacturer (SSE: 600305); a broad incumbent with traditional Chinese seasoning heritage (Time-honored Brand) comparable to Teway's Tianche heritage positioning, though concentrated in vinegar.

Regional players

• Angel Yeast Co., Ltd. China-based yeast extract and seasoning ingredients manufacturer (SSE: 600298); comparable to Teway at the upstream seasoning/extract layer and shares Chinese food manufacturing scale and customer overlap in B2B flavor solutions.

Direct peers

• Hongjiu (Red 9) Food: Direct competitor in hotpot base and compound seasoning category; comparable product portfolio focused on Sichuan/Chongqing flavors and similar distribution to supermarkets and restaurants across China.
• Qianhe Foodstuff Co., Ltd. Sichuan-based soy sauce and condiment maker (SSE: 603027) with focus on zero-additive soy sauce; overlaps with Teway's Tianche heritage brand and broader Chinese condiment market, sharing Sichuan origin and premium positioning.
• Chongqing Dezhuang Industrial Group: Chongqing-based hotpot base and Sichuan compound seasoning company and direct competitor to Teway's Haorenjia/Dahongpao; comparable product category, regional flavor focus, and chain restaurant customer base.

Emerging players

• Sichuan Danba Food Co., Ltd. Sichuan-based compound seasoning and sauce producer with strong regional brand recognition in compound condiments; comparable product portfolio (fish seasonings, suancai, hotpot base) and similar mid-tier positioning to Teway's mass-market offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Teway Food