Ganyuan Foods

Ganyuan Foods Co., Ltd.
TypePublic
SZSE: 002991
IndustrySnack food
Founded2006[1]
HeadquartersPingxiang
Key people
Yan Binsheng (founder & chairman)[2]
Websitewww.gainyumfood.com

Ganyuan Foods (Chinese: 甘源食品; known as Gain Yum outside of China), commonly referred to simply as Ganyuan,[3] is a snack maker[4] founded in 2006.[5] It was listed on the Shenzhen Stock Exchange in July 2020.[6] Its main competitors include Baicaowei[7] and Qiaqia Foods.[8] It has set up two production bases.[9] In 2024, its revenue reached more than 2.2 billion yuan.[10] The company is actually controlled by Yan Binsheng.[11]

Headquartered in Pingxiang,[12] Ganyuan focuses on the manufacture of leisure foods.[13] The company was funded by Sequoia China,[14] and CoStone Capital.[15] Primarily sold through distributors,[16] its products are also available at Sam's Club.[17] The company mainly operates in China,[18] with additional presence in overseas markets,[19] such as Canada, Australia, and New Zealand.[20]

History

Ganyuan was formed in 2006. In 2015, the company was invested in by Sequoia Capital China Fund.[21] As of 2018, its annual snack production capacity reached 500 million tons.[22]

In July 2020, Ganyuan went public on the SME Board[23] with the stock code 002991.[24] In 2023, its revenue surpassed 1.84 billion yuan.[25] As of the end of the same year, it had 2,923 distributors.[26]

References

  1. ↑ Jiangxi Provincial Local Chronicles Compilation Committee. Jiangxi Yearbook. Threadneedle Book Bureau. 2021. p. 381. ISBN 978-7-5120-4609-2.
  2. ↑ "Chinese Snack Companies Race to IPOs". Bloomberg. October 29, 2025.
  3. ↑ Ted Shibata (December 18, 2025). "In-Depth Analysis on China's Pistachio Market in 2025" (PDF). United States Department of Agriculture. Archived (PDF) from the original on December 20, 2025.
  4. ↑ Eudora Wang (March 20, 2020). "Sequoia-backed Chinese snack maker Ganyuan gets nod for $135m local IPO". DealStreetAsia. Archived from the original on June 29, 2026.
  5. ↑ "Ganyuan Foods Wins CSRC Approval for Shenzhen IPO". DealStreetAsia. March 21, 2020. Archived from the original on June 28, 2026.
  6. ↑ Peng Yuxin (December 11, 2023). "Ganyuan Foods' revenue exceeds 1.3 billion yuan in the first three quarters of 2023". Southern Metropolis Daily. Archived from the original on June 30, 2026.
  7. ↑ Wang Ziyang (April 3, 2020). "Ganyuan IPO seeks to raise RMB 954 million". The Beijing News. Archived from the original on March 1, 2026.
  8. ↑ "Snack-focused internet celebrity companies gather in the capital markets". Caixin. January 13, 2020. Archived from the original on June 28, 2026.
  9. ↑ "Ganyuan Foods Shenzhen IPO approved". The Economic Observer. Archived from the original on March 1, 2026.
  10. ↑ Cao Qi (April 22, 2025). "Ganyuan Foods Sees Significant Revenue Growth in 2024". Xinhua News Agency. Archived from the original on June 30, 2026.
  11. ↑ "China greenlights seven IPOs". The Paper. July 10, 2020. Archived from the original on March 1, 2026.
  12. ↑ Jadon Marianetti (November 21, 2025). "Annual Report on China's Tree Nuts Industry". United States Department of Agriculture. Archived from the original on December 20, 2025.
  13. ↑ Cheng Jiulong (August 14, 2025). "Ganyuan Foods Announces Half Year 2025 Results". The Economic Observer. Archived from the original on March 1, 2026.
  14. ↑ "Pingxiang-based snack company enters the capital market". 21st Century Business Herald. August 4, 2020. Archived from the original on March 1, 2026.
  15. ↑ Wen Dan; Zhou Jiali (August 3, 2020). "Another snack company went public". The Economic Observer. Archived from the original on June 29, 2026.
  16. ↑ Zhan Danqing (May 5, 2023). "Major Listed Snack Companies Release 2022 Financial Reports". Southern Metropolis Daily. Archived from the original on March 9, 2026.
  17. ↑ Feng Jiaju; Zhan Danqing (July 16, 2025). "Snack Food Producer Ganyuan Joins Sam's Club". Southern Metropolis Daily. Archived from the original on June 28, 2026.
  18. ↑ "Ganyuan Foods Appoints Ding Yuxi as Brand Ambassador". The Economic Observer. August 14, 2025. Archived from the original on March 9, 2026.
  19. ↑ "Ganyuan Foods bets big on Southeast Asia". The Economic Observer. April 24, 2025. Archived from the original on March 9, 2026.
  20. ↑ "Ganyuan Foods Strengthens Its Presence in New Zealand". Ministry for Primary Industries. January 29, 2018. Archived from the original on March 2, 2023.
  21. ↑ Zhao Na (July 31, 2020). "Women Dominate Global Consumer Spending". 21st Century Business Herald. Archived from the original on March 9, 2026.
  22. ↑ Xu Shuai (April 15, 2019). "Ganyuan Foods Plans Shenzhen Listing". Economic Daily. Archived from the original on June 28, 2026.
  23. ↑ Steven Li (July 31, 2020). "Sequoia-Backed Ganyuan Foods Debuts on Shenzhen Stock Exchange Today". TechNode. Archived from the original on February 28, 2026.
  24. ↑ Zhong Yongxiang (July 15, 2022). "Ganyuan Foods Expands Its International Presence". Yahoo News.
  25. ↑ Zhu Zhaokai (June 18, 2024). "Ganyuan Foods Expands into European Market". Xinhua News Agency. Archived from the original on June 28, 2026.
  26. ↑ Zhan Danqing (May 10, 2024). "Multi-listed Snack Companies Release 2023 Financial Reports". Southern Metropolis Daily. Archived from the original on March 9, 2026.
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