Beingmate

Beingmate Baby & Child Food Co., Ltd., commonly known as Beingmate, is a Chinese food manufacturer headquartered in Hangzhou. Established in 1992, the company developed into a prominent participant in China's infant-food and milk-powder market, with its brand associated primarily with infant formula and complementary nutrition products. Its business has also included manufacturing and production assets outside mainland China, reflecting the importance of imported and internationally produced dairy ingredients in the Chinese infant-formula sector. Beingmate's core market is China, where demand for infant formula and related products has made brand reputation, food safety, product quality, and regulatory compliance central to competition. The company was described as a leading milk-powder brand in China, although its position declined in later years. This change reflects the competitive pressure surrounding the Chinese infant-nutrition market, including the presence of domestic producers, international dairy companies, changing consumer preferences, and heightened attention to supply-chain control. Beingmate became a publicly traded company on the Shenzhen Stock Exchange. It was previously included in the SZSE 200 mid-cap index, but was removed from that index in January 2017 and subsequently included in the SZSE 700 small-cap index. These index changes provide context for the company's changing market classification, but no valuation or financial figures are included here because the supplied reference material does not provide them. In March 2015, Fonterra Cooperative Group purchased an 18.8% stake in Beingmate. The relationship also extended to manufacturing infrastructure in Australia: Beingmate held a 51% interest in a milk-powder plant in Darnum, Victoria, while Fonterra owned the remaining share. The investment and joint ownership arrangement linked Beingmate with a major international dairy cooperative and gave the Chinese brand an association with overseas milk-powder production. Beingmate's primary identity nonetheless remained that of a Chinese infant-food company rather than a globally diversified consumer-goods group.

Beingmate was founded in 1992 in China and developed around the infant-food and child-nutrition market. Its principal base is Hangzhou, and its commercial identity has been tied especially to milk powder, infant formula, and complementary foods. The company grew during a period in which packaged infant nutrition became an important consumer category in China, with parents placing strong emphasis on product safety, nutritional composition, manufacturing standards, and brand trust. The company's early and mature business was focused on China, although its production and supply-chain relationships were not confined entirely to the country. Beingmate held a 51% interest in a milk-powder plant in Darnum, Victoria, Australia. The remaining 49% was held by Fonterra, an international dairy cooperative. This Australian manufacturing relationship was significant because it connected a Chinese infant-food brand with overseas dairy-production capacity and with a major global participant in milk and dairy ingredients. Beingmate later became a listed company on the Shenzhen Stock Exchange. Its changing membership of Chinese stock-market indexes reflected a change in market classification: it was formerly a constituent of the SZSE 200 Index, a mid-cap index, and was removed from that index in January 2017 before being placed in the SZSE 700 Index, a small-cap index. The available reference material does not provide the company's stock code, financial results, or detailed explanations for the index change, so those details are not included. A major corporate development came in March 2015, when Fonterra Cooperative Group purchased 18.8% of Beingmate. The transaction established a substantial minority relationship between the two companies. Together with their shared ownership of the Darnum facility, the investment gave Beingmate a closer connection to Fonterra's dairy network and to international production. It also illustrated the strategic importance of partnerships between Chinese infant-food companies and overseas dairy businesses. Beingmate was described as a leading milk-powder brand in China, but its position declined in later years. The supplied sources do not identify a single cause for that decline. In broad terms, the company operated in a highly competitive infant-formula sector shaped by domestic and foreign brands, consumer scrutiny, and the importance of reliable production and distribution. Beingmate's continuing brand scope is centered on infant formula, milk powder, and complementary foods, while its corporate history combines Chinese consumer-food operations, Shenzhen Stock Exchange listing, and international dairy-production ties. The company's regulatory record has also drawn attention. In 2012, Beingmate rice cereal was pulled from shelves for improperly adding pork-bone powder. In 2016, its Hangzhou factory was ordered to rectify deficiencies in clean zones, raw-material storage, and inspection capability. In 2018, the State Administration for Market Regulation reported production deficiencies at infant-formula enterprises of five brands including Dumex and Beingmate; Beingmate's Heilongjiang factory was ordered to rectify problems in the procurement and acceptance of DHA algal-oil powder, inspection records, and inspection capability. In 2024, its e-commerce subsidiary was fined 20,000 yuan for unlawfully claiming health benefits for food.

• 2017

  Index classification changes

  [1]Beingmate - Wikipediaen.wikipedia.org

  Beingmate is removed from the SZSE 200 Index in January and added to the SZSE 700 Index.

• 2015

  Fonterra acquires a minority stake

  [1]Beingmate - Wikipediaen.wikipedia.org

  In March, Fonterra Cooperative Group purchases an 18.8% interest in Beingmate.

• 1992

  Beingmate is founded

  [1]Beingmate - Wikipediaen.wikipedia.org

  Beingmate is established in China and begins the corporate history that later develops around infant food and child nutrition.

Infant and child nutrition, with an emphasis on formula milk powder and complementary foods for the Chinese market.

• Infant nutrition

  Infant formula

  Infant formula is Beingmate's principal product area and the category most closely associated with the brand. The company's market identity has been built around milk-powder products for babies and young children in China. Available reference material does not specify individual formula ranges, ingredients, formulations, or current product names.

• Dairy nutrition

  Milk powder

  Milk powder forms a central part of Beingmate's infant-food business. The company was described as a leading milk-powder brand in China, and its production relationships included a powder plant in Darnum, Victoria, Australia. Specific product specifications and packaging formats are not identified in the supplied sources.

• Baby food

  Complementary infant foods

  Beingmate also produces complementary foods intended to supplement the diets of infants and young children as they progress beyond milk-only feeding. The available material confirms this broad product category but does not provide a detailed catalogue of individual foods or current product lines.

• 2018

  Infant-formula plant production deficiencies reported by market regulator

  In 2018, the State Administration for Market Regulation reported production deficiencies at infant-formula enterprises of five brands including Dumex and Beingmate; Beingmate's Heilongjiang factory was ordered to rectify problems in the procurement and acceptance of DHA algal-oil powder, inspection records, and inspection capability. In 2016, its Hangzhou factory had also been ordered to rectify deficiencies in clean zones, raw-material storage, and inspection capability. In 2012, Beingmate rice cereal was pulled from shelves for improperly adding pork-bone powder. The company was ordered to rectify within a deadline; in 2024, its e-commerce subsidiary was fined 20,000 yuan for unlawfully claiming health benefits for food.

  Source

Read more

• 2017

  Change in Shenzhen Stock Exchange index membershipOther

  Background

  Beingmate had previously been included in the SZSE 200 Index, which represents mid-cap companies.

  Action taken

  In January, Beingmate was removed from the SZSE 200 Index and inserted into the SZSE 700 Index.

  Aftermath

  The change placed the company in a small-cap stock-market index. The supplied reference does not state the reasons for the reclassification or its financial consequences.

  Source

• 2015

  Strategic minority investment by FonterraM&A

  Background

  Beingmate operated in China's competitive infant-formula and milk-powder market, while Fonterra was an international dairy cooperative with relevant production and supply-chain capabilities.

  Action taken

  Fonterra Cooperative Group purchased an 18.8% stake in Beingmate in March 2015.

  Aftermath

  The investment created a substantial minority relationship between the companies. Their connection also included shared ownership of a milk-powder plant in Darnum, Victoria, Australia, in which Beingmate held 51% and Fonterra held the remainder.

  Equity stake acquired. 18.8% held by Fonterra (March 2015)

  Source

• 2021.09.10

  Reported2021.09.12

  Beingmate wins top science and technology award[9]贝因美荣获科技进步特等奖food.china.com.cn

  At the industry annual meeting, Beingmate received the Science and Technology Progress Grand Prize, described by the article as the industry's highest award.

• 2021.01.15

  Beingmate appoints its chairman as general manager[10]贝因美聘任董事长兼任总经理sc.stock.cnfol.com

  Beingmate's board approved appointing chairman Xie Hong to also serve as general manager, with the term lasting until the current board term ends.

• 2021.01.14

  Beingmate general manager resigns[10]贝因美聘任董事长兼任总经理sc.stock.cnfol.com

  Beingmate said its board received general manager Bao Xiufei's written resignation on January 14, 2021; the resignation took effect when delivered to the board.

• 2020.06.10

  Reported2020.06.11

  Beingmate announces sale of Shanghai Beingmate Food Sales[11]贝因美宣布转让上海贝因美食品销售有限公司股权finance.sina.com.cn

  Beingmate announced that it planned to transfer all of its equity in Shanghai Beingmate Food Sales Co., Ltd. to Hangzhou Yangtuo Trading and an individual buyer. The article says that, upon completion, Beingmate would no longer hold equity in the subsidiary and the transferees' team would operate products associated with the sub-brand “童享”.

• 2020.02.28

  Reported2020.03.01

  Beingmate announces acquisition of Yujia Dairy[12]贝因美宣布收购昱嘉乳业finance.sina.com.cn

  Beingmate announced that it would use its own funds to acquire 100% of Hulunbuir Yujia Dairy's equity for 18.36 million yuan.

• Unconfirmed

  Reported2019.09.27

  Beingmate wins the 2018 China Dairy Industry Innovation Contribution Award[13]贝因美荣获“2018中国乳业创新贡献奖”finance.sina.com.cn

  Beingmate received the 2018 China Dairy Industry Innovation Contribution Award at the 2018 China Dairy Industry Capital Forum.

• Unconfirmed

  Beingmate starts a free 24-hour online doctor consultation service[14]贝因美启动24小时免费在线医生咨询服务nbd.com.cn

  Beingmate launched a free, 24-hour online doctor consultation service, with doctors answering questions from parents of infants and pregnant women.

Read more

1. 1Beingmate - Wikipediaen.wikipedia.org
2. 2贝因美 - 国际品质 科学配方beingmate.com
3. 3贝因美概况-贝因美 - 国际品质 科学配方beingmate.com
4. 4母婴生态-贝因美 - 国际品质 科学配方beingmate.com
5. 5贝因美概况-贝因美 - 国际品质 科学配方beingmate.com
6. 6乳粉工厂生产环节存在缺陷被市场监管总局通报m.thepaper.cn
7. 7贝因美米粉违规添加猪骨粉下架ce.cn
8. 8贝因美电商子公司因违法宣称食品保健功效被罚m.gelonghui.com
9. 9贝因美荣获科技进步特等奖food.china.com.cn
10. 10贝因美聘任董事长兼任总经理sc.stock.cnfol.com
11. 11贝因美宣布转让上海贝因美食品销售有限公司股权finance.sina.com.cn
12. 12贝因美宣布收购昱嘉乳业finance.sina.com.cn
13. 13贝因美荣获“2018中国乳业创新贡献奖”finance.sina.com.cn
14. 14贝因美启动24小时免费在线医生咨询服务nbd.com.cn