Teway Food
Innovative food solutions offering customizable garlic-based products loved by diverse demographics.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| N/A | N/A | IPO | |
| Total Funding | 000k | ||
| CNY | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | (14 %) | 33 % | 17 % | 10 % | 10 % | 10 % | 9 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | 13 % | 17 % | 19 % | 22 % | 22 % | 22 % | 22 % |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 9 % | 13 % | 15 % | 18 % | 17 % | 18 % | 18 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| R&D % of revenue | 1 % | 1 % | 1 % | 1 % | - | - | - |
Source: Company filings or news article, Equity research estimates
In 2007, Deng Wen founded Sichuan Teway Food Group, a company that would become a giant in hot-pot condiments. With a background in the food and beverage industry since 1993, including time at a state-owned food processing company, Deng Wen set out to build a new venture. The company focused on the research, development, production, and sales of compound seasonings, tapping into the rich culinary traditions of Sichuan. Teway Food's core business revolves around products like hot pot seasonings, Chinese cuisine seasonings, and spicy sauces under brands such as "Dahongpao" and "Haorenjia". This focus allowed the company to develop deep expertise and scale, establishing itself as a key player in China's condiment market. The company provides customized products for restaurant chains, ensuring standardization and food safety, while also serving the retail market. The company's journey to the public markets was a story of persistence. After multiple attempts starting in 2012, Teway Food successfully went public on the Shanghai Stock Exchange in 2019, raising capital to fund expansion and enhance its production bases. This milestone marked a new chapter for the company, solidifying its position in the industry. More recently, in August 2025, the company announced its intention to pursue a listing on the Hong Kong stock exchange, signaling further ambition for growth.
