Charoen Pokphand Foods Public Company Limited

Quick Facts / Company Snapshot

• Full Company Name: Charoen Pokphand Foods Public Company Limited
• Abbreviation: CPF
• Vision: Kitchen of the World
• Core Business: Agro-industrial and integrated food business
• Headquarters Location: 313 C.P. Tower, Silom Road, Bangrak, Bangkok, Thailand
• Total Assets (2024): THB 876,724 million
• Total Sales Revenue (2024): THB 580,747 million
• Net Profit (2024): THB 19,558 million
• Earnings Per Share (2024): THB 2.39
• Gross Profit Margin (2024): 14.6%
• Paid-up Capital: THB 8,413,568,585
• Number of Employees: 132,739
• Global Manufacturing Presence: 17 countries
• Export Reach: More than 50 countries across 5 continents
• Consumer Base Reach: Over 4,000 million people
• Feed Business Revenue (2024): THB 131,364 million
• Farm and Processing Revenue (2024): THB 320,240 million
• Food Business Revenue (2024): THB 129,143 million
• Net Debt to Equity Ratio (2024): 1.41 times
• Key Sustainability Goal: Net-Zero greenhouse gas emissions by 2050

Company Overview

Charoen Pokphand Foods Public Company Limited operates as a vertically integrated agro-industrial and food conglomerate, positioning itself as the “Kitchen of the World.” The company manages a comprehensive value chain that begins with the production of animal feed and extends to animal breeding, commercial farming, primary processing, and the manufacturing of food and ready-to-eat products. Beyond industrial operations, the company engages in meat and food trading, as well as restaurant businesses and pet snack production.

The company’s operations are fundamentally guided by the “Three Benefits Principle” of the Charoen Pokphand Group, which prioritizes creating benefits for the country first, followed by the people, and finally the company itself. This philosophy is integrated with the Sufficiency Economy Philosophy to drive sustainable growth. The company leverages “Sustainovation”—a strategic blend of innovation and sustainability—to enhance operational efficiency, reduce environmental impact, and deliver high-quality, safe, and nutritious products.

With a commitment to global food security, the company has established a vast manufacturing footprint across 17 countries and distributes products to over 50 countries. The business model emphasizes the creation of shared value, utilizing environmentally friendly technologies such as “Green Farm” and “Green Operations” to balance business expansion with social and environmental stewardship.

Business Segments

The company organizes its operations into three primary product categories. These segments are fully vertically integrated, ensuring traceability and quality control from upstream feed production to downstream food distribution.

1. Farm and Processing Business

• Revenue (2024): THB 320,240 million
• Percentage of Total Revenue: 55%
• Operational Scope:
  • Animal Breeding: Research and development of natural breeds using genetic selection and biotechnology to produce healthy, disease-resistant animals suitable for various farming environments.
  • Commercial Farming: Raising livestock including swine, broilers, layers, ducks, and shrimp. Operations utilize “Smart Farm” technology, incorporating automation, Internet of Things (IoT), and Artificial Intelligence (AI) to monitor animal health and environmental conditions.
  • Primary Processing: Slaughtering, cutting, and trimming of meat products in facilities certified by government agencies and international standards.
  • Distribution: Sales of live animals, animal breeds, fresh meat cuts, and eggs to wholesalers, retailers, and direct consumers.
• In-Depth Profile:
  • The Farm and Processing segment forms the backbone of the company’s supply chain, providing the essential raw materials for the food business.
  • Farming operations strictly adhere to the “Five Freedoms” of animal welfare, ensuring animals are raised in comfortable, stress-free environments.
  • The company implements a “Probiotic Farming” model, particularly in aquaculture, to enhance animal immunity without the use of antibiotics.
  • Swine farming utilizes “Green Farm” practices, managing waste through biogas systems to generate renewable energy and reduce odors.
  • Poultry operations are advancing towards “Space Food Safety Standards,” aligning with NASA’s food safety guidelines to ensure premium quality.

2. Feed Business

• Revenue (2024): THB 131,364 million
• Percentage of Total Revenue: 23%
• Operational Scope:
  • Production: Manufacturing of livestock and aquatic feed in the form of concentrate, powder, and pellets.
  • Product Variety: Swine feed, chicken feed, duck feed, and shrimp feed tailored to specific species and growth stages.
  • Pet Snacks: Production and distribution of pet treats under brands like Jerhigh, Jinny, and K-Sy, utilising by-products from the poultry business.
  • Distribution: Sales to independent farmers and dealers, as well as internal supply to the company’s farming operations.
• In-Depth Profile:
  • The company operates feed mills in 11 countries, serving as the starting point of the quality chain.
  • Innovation in animal nutrition is a key priority, with formulas developed to enhance growth performance and feed conversion ratios while reducing environmental impact (e.g., low-nitrogen formulas).
  • Raw material sourcing prioritizes local procurement to support farmers, employing traceability systems to ensure ingredients like corn come from deforestation-free areas.
  • Production facilities integrate “Smart Factory” concepts, using AI and automation for precision manufacturing and quality control.
  • The business supports farmers through technical knowledge sharing and the “AXONS” digital platform, which assists in farm management.

3. Food Business

• Revenue (2024): THB 129,143 million
• Percentage of Total Revenue: 22%
• Operational Scope:
  • Processed Foods: Manufacturing of semi-cooked and cooked meat products, including sausages and marinated meats.
  • Ready-to-Eat Meals: Production of frozen and chilled ready meals, soups, and snacks.
  • Restaurant Business: Operation of quick-service restaurants, food courts, and kiosks.
  • Distribution Channels: Modern trade, traditional markets, food service clients (HoReCa), and company-owned outlets.
• In-Depth Profile:
  • This segment focuses on adding value to primary meat products through advanced processing technologies and culinary innovation.
  • The “CPF Food Research and Development Center” drives the creation of new products that cater to changing consumer behaviors, such as health-conscious and elderly-friendly options.
  • Products are distributed under various brands, including CP, Kitchen Joy, and Authentic Asia.
  • The business emphasizes food safety and traceability, utilizing blockchain technology to allow consumers to track product origins.
  • Packaging innovations target sustainability, with a focus on reducing plastic use and increasing recyclability (e.g., mono-material packaging).

History and Evolution

• 1978: Registered as a limited company under the name “Charoen Pokphand Feedmill Company Limited” with an initial registered capital of THB 5 million, engaging in animal feed and livestock farming in Thailand.
• 1987: Listed on the Stock Exchange of Thailand with the stock code “CPF”.
• 1988: Expanded into the integrated shrimp farming business.
• 1994: Converted into a public limited company.
• 1999: Acquired agro-industry and meat processing companies from the Charoen Pokphand Group, renaming the company to “Charoen Pokphand Foods Public Company Limited.” Announced the vision “Kitchen of the World.”
• 2005: Began using the “CP” brand for processed meat products and expanded into ready-to-eat food businesses.
• 2023: Restructured operations, including the partial divestment of integrated poultry businesses in China.
• 2024:
  • Changed the status of CPF Poland S.A. from a subsidiary to a joint venture following a share offering.
  • Acquired 65.00% of ordinary shares in Newburgh Foods Limited, a food processing and trading company in the United Kingdom, through subsidiary Westbridge Foods Limited.
  • Deregistered non-operational subsidiaries including CPF Construction LLC (Russia), Westbridge Holding B.V. (Netherlands), and Yipeng, LLC (USA).
  • Established RBPI (Thailand) Co., Ltd. for investment purposes.

Products and Services

1. Animal Farm Products

• Revenue Contribution: THB 320,240 million
• Products:
  • Live Animals: Swine, broilers, layers, ducks, and shrimp sold to farms and slaughterhouses.
  • Animal Breeds: Parent stock and grandparent stock for commercial farming.
  • Fresh Meat: Chilled and frozen pork, chicken, duck, and shrimp meat.
  • Eggs: Fresh chicken eggs, including specialized products like Cage-Free eggs and Omega-3 eggs.
• Profile: These products are the result of advanced breeding programs and biosecure farming practices. High-value innovations include “Cheeva Pork” (rich in Omega-3), “Kurobuta Pork” (premium tender pork), and “Benja Chicken” (fed with brown rice).

2. Animal Feed

• Revenue Contribution: THB 131,364 million
• Products:
  • Livestock Feed: Concentrate, powder, and pellets for swine, poultry, and cattle.
  • Aquatic Feed: Specialized feed for shrimp and fish.
  • Pet Snacks: Treats for dogs and cats produced from high-quality poultry by-products.
• Profile: Feed products are formulated to provide optimal nutrition for specific animal life stages. The company emphasizes “Green Product” standards, ensuring feed production is environmentally responsible. Pet snacks under brands like Jerhigh are exported globally, meeting human-grade safety standards.

3. Processed Foods and Ready Meals

• Revenue Contribution: THB 129,143 million
• Products:
  • Processed Meat: Sausages (classic, broth-filled), ham, bacon, and meatballs.
  • Ready-to-Eat: Frozen and chilled meals (e.g., Thai basil chicken, spaghetti), soups, and dim sum.
  • Beverages: Functional drinks and healthy beverages (implied through innovations like plant-based options).
  • Alternative Protein: Plant-based meat alternatives catering to flexitarians.
• Profile: This category leverages food science to deliver convenience and nutrition. Innovations include “CP Chicken Pocket” (low-carb wrap), “Vegan Cheese” (made from broken rice), and “Phuket-Style Moo Hong.” Products are distributed through 7-Eleven, supermarkets, and export channels.

Brand Portfolio

1. CP

• Category: Core Brand
• Profile: The flagship brand for a wide range of fresh and processed food products, including fresh chicken, pork, eggs, sausages, and ready meals. It represents quality, safety, and reliability.

2. Kitchen Joy

• Category: International Food
• Profile: A brand primarily targeted at international markets, offering authentic Thai frozen food products and ready meals.

3. Authentic Asia

• Category: Premium Frozen Food
• Profile: Focuses on premium Asian cuisine, offering dishes like Emperor Shrimp Dumplings and Tom Yum Shrimp Wonton Noodles, delivering restaurant-quality experiences at home.

4. Butcher

• Category: Premium Processed Meat
• Profile: A brand for premium sausages and processed meat products, characterized by high meat content and superior taste.

5. BKP

• Category: Processed Meat
• Profile: Offers a variety of processed meat products, known for quality sausages and traditional favorites.

6. Super Chef

• Category: Value Processed Meat
• Profile: Targeted at the value segment, offering affordable processed meat options like sausages and meatballs.

7. Five Star

• Category: Kiosk and Franchise
• Profile: A well-known franchise brand offering grilled chicken, fried chicken, and snacks. It supports small entrepreneurs and has expanded to include “Hi Pork” (pork products) and “Iron Pan” (street food).

8. Chester’s

• Category: Quick Service Restaurant (QSR)
• Profile: A leading Thai fast-food chain known for its signature grilled chicken and rice menus.

9. CP Fresh Mart (Lotus’s / Makro)

• Category: Retail Channels
• Profile: While CP Fresh Mart was the original retail brand, products are now extensively distributed through group retail networks like Lotus’s and Makro (CP Axtra), creating “shop-in-shop” experiences.

10. Jerhigh / Jinny / K-Sy

• Category: Pet Food
• Profile: Premium pet snack brands produced from real chicken meat, emphasizing health and safety for pets.

11. U Farm

• Category: Health and Wellness
• Profile: Focuses on premium, health-oriented fresh products such as “Benja Chicken” and “Cheeva Pork,” and “Cage-Free Eggs,” catering to health-conscious consumers.

12. Meat Zero

• Category: Alternative Protein
• Profile: A plant-based meat brand offering products with textures and tastes comparable to real meat, utilizing “Plant-Tec” innovation.

Geographical Presence

The company divides its operations into two main geographical categories: Thailand Operations and International Operations.

1. International Operations

• Revenue (2024): THB 363,431 million
• Percentage of Total Revenue: 63%
• Key Regions:
  • Vietnam:
    • Revenue Contribution: 21%
    • Profile: A major integrated hub operating feed, farm, and food businesses. Key subsidiary: C.P. Vietnam Corporation.
  • China:
    • Revenue Contribution: 6%
    • Profile: Focuses on feed and swine businesses following the divestment of poultry operations. Operates through Chia Tai Investment Co., Ltd.
  • Other Countries:
    • Revenue Contribution: 36%
    • Profile: Includes operations in Russia, Cambodia, Philippines, India, Turkey, Malaysia, Laos, United Kingdom, United States, Sri Lanka, Belgium, and Poland.
    • United States: Operates through Bellisio Foods (frozen meals) and Homegrown Shrimp (shrimp farming).
    • United Kingdom: Operations include Westbridge Foods and the newly acquired Newburgh Foods.
• Footprint: Manufacturing bases in 16 countries outside Thailand.

2. Thailand Operations

• Revenue (2024): THB 217,316 million
• Percentage of Total Revenue: 37%
• Breakdown:
  • Domestic Sales: 31% of total revenue.
  • Export Sales: 6% of total revenue.
• Profile: Thailand serves as the headquarters and a primary production hub. Operations cover the full value chain from feed mills to food processing plants. Products are distributed domestically and exported to over 50 countries.
• Export Markets: Major destinations include Asia (Japan, China), Europe (UK, EU), and the Americas.

Financial Performance Analysis

Consolidated Performance

• Total Sales Revenue (2024): THB 580,747 million
  • Year-on-Year Change: Decreased by 1% from THB 585,844 million in 2023.
• Net Profit (2024): THB 19,558 million
  • Performance Shift: A significant turnaround from a net loss of THB 5,207 million in 2023.
• Gross Profit (2024): THB 85,043 million
  • Growth: Increased by 50% from THB 56,706 million in 2023.

Profit and Loss Analysis

• Revenue Dynamics:
  • The slight decline in revenue was primarily driven by lower swine prices in certain regions and the deconsolidation of the Poland subsidiary.
  • Thailand operations revenue decreased by 2%, while international operations revenue remained stable.
• Operating Profit:
  • Gross Profit Margin: Improved significantly to 14.6% in 2024 from 9.7% in 2023.
  • Key Drivers: Recovery in swine prices in key markets, lower raw material costs for animal feed, and improved production efficiency.
• Expenses:
  • Distribution and Administrative Expenses: THB 50,434 million, remaining relatively stable compared to THB 51,381 million in 2023.
  • Finance Costs: Decreased by 4% to THB 24,575 million due to reduced interest-bearing debt.
• Key Ratios:
  • Net Profit Margin: 3.4% (up from -0.9% in 2023).
  • Return on Equity (ROE): 18.17% (up from 8.06% in 2023).
  • Return on Assets (ROA): 5.96% (up from 2.60% in 2023).

Balance Sheet Analysis

• Total Assets: THB 876,724 million (Decreased by 1% from 2023).
  • Current Assets: THB 200,060 million.
  • Non-Current Assets: THB 676,664 million.
  • Key Asset Changes: Decrease in inventories by THB 4,737 million and property, plant, and equipment by THB 9,559 million.
• Total Liabilities: THB 583,500 million (Decreased by 3% from 2023).
  • Interest-Bearing Debt: THB 458,251 million.
  • Key Liability Changes: Repayment of bank loans and debentures led to a decrease in liabilities.
• Shareholders’ Equity: THB 293,224 million (Increased by 3% from 2023).
  • Drivers: Operating profits and gains on asset revaluation.
• Liquidity Position:
  • Current Ratio: 0.76 times.
  • Net Debt to Equity Ratio: 1.41 times (Below the covenant threshold of 2.00 times).

Cash Flow Analysis

• Operating Activities: Net cash provided by operating activities was THB 65,140 million, a substantial increase from THB 35,360 million in 2023, reflecting strong operational recovery.
• Investing Activities: Net cash used in investing activities was THB 14,493 million, primarily for capital expenditures on property, plant, and equipment.
• Financing Activities: Net cash used in financing activities was THB 50,289 million, mainly for loan repayments, debenture redemptions, and interest payments.
• Free Cash Flow: Strong operating cash flow supported debt reduction and investment activities.

Board of Directors and Leadership Team

Board of Directors

• Mr. Soopakij Chearavanont: Chairman. Leads the board in strategic oversight and policy determination.
• Mr. Adirek Sripratak: Vice Chairman, Chairman of the Executive Committee. Provides strategic guidance and oversees executive performance.
• Mr. Phongthep Chiaravanont: Vice Chairman.
• Mr. Suphachai Chearavanont: Vice Chairman.
• Mr. Prasit Boondoungprasert: Director and Chief Executive Officer (CEO). Responsible for overall management and execution of strategies.
• Professor Dr. Kittipong Kittayarak: Lead Independent Director, Chairman of the Corporate Governance and Sustainable Development Committee.
• Mr. Krisada Chinavicharana: Independent Director, Chairman of the Audit and Risk Management Committee (Appointed March 1, 2025).
• Mrs. Vatchari Vimooktayon: Independent Director, Member of the Audit Committee.
• Mr. Vinai Vittavasgarnvej: Independent Director, Chairman of the Remuneration and Nominating Committee.
• Mr. Sek Wannamethee: Independent Director.
• Mrs. Arunee Watcharananan: Director (Non-executive).
• Dr. Sujint Thammasart, D.V.M.: Director, Chief Operating Officer (Aquaculture).
• Mr. Siripong Aroonratana: Director, Chief Operating Officer (Livestock).
• Mr. Paisan Chirakitcharern: Director, Chief Financial Officer.
• Mr. Montri Suwanposri: Director.

Leadership Team

• Mr. Prasit Boondoungprasert: Chief Executive Officer (CEO).
• Mr. Paisan Chirakitcharern: Chief Financial Officer (CFO).
• Ms. Pimonrat Reephattanavijitkul: Chief People Officer.
• Mr. Rewat Hathaisattayapong: Head of Livestock Feed Business.
• Mr. Somporn Jermpong: Head of Swine Business.
• Mr. Panuwat Niamprem: Head of Integrated Poultry Business.
• Mr. Sujarit Mayalarp: Senior President of Food Business.

Subsidiaries, Associates, Joint Ventures

The company holds investments in 221 subsidiaries as of December 31, 2024.

Key Subsidiaries (Direct & Indirect)

• C.P. Vietnam Corporation (Vietnam):
  • Ownership: 83.18%
  • Contribution: Major revenue driver for international operations, integrated feed-farm-food business.
  • Profile: Operates extensive livestock and aquaculture businesses in Vietnam.
• C.P. Pokphand Co., Ltd. (Bermuda/China/Vietnam):
  • Ownership: 76.24%
  • Contribution: Holding company for China and Vietnam operations.
• CPF (Thailand) Public Company Limited:
  • Ownership: 99.99%
  • Contribution: Core operator for agro-industrial and food businesses in Thailand.
• C.P. Merchandising Co., Ltd. (Thailand):
  • Ownership: 99.99%
  • Contribution: Investment and international trading arm.
• Bellisio Foods, Inc. (USA):
  • Ownership: 100.00%
  • Contribution: Production and distribution of frozen ready meals in North America.
• JSC Poultry Production Severnaya (Russia):
  • Ownership: 100.00%
  • Contribution: Integrated poultry business in Russia.
• Charoen Pokphand Foods Philippines Corporation:
  • Ownership: 99.99%
  • Contribution: Feed, farm, and shrimp hatchery business in the Philippines.
• Westbridge Foods Limited (UK):
  • Ownership: 99.97%
  • Contribution: Importer and distributor of meat and ready meals in the UK and Europe.

Key Associates

• CP ALL Public Company Limited (Thailand):
  • Ownership: 34.50%
  • Contribution: Operator of 7-Eleven convenience stores in Thailand.
  • Profile: A major retail channel and significant contributor to the share of profit.
• CP Axtra Public Company Limited (Thailand):
  • Ownership: 8.85%
  • Contribution: Wholesale and retail business (Makro and Lotus’s).

Key Joint Ventures

• CP-Meiji Co., Ltd. (Thailand):
  • Ownership: 59.99%
  • Contribution: Manufacturing and distribution of dairy products.
• HyLife Group Holdings Ltd. (Canada):
  • Ownership: 50.10%
  • Contribution: Integrated swine production and pork processing in Canada.
• SuperDrob S.A. (Poland):
  • Ownership: 49.45%
  • Contribution: Agro-industrial and food business in Poland.

Physical Properties

• Feed Factories: 66 locations.
  • Capacity: 22 million tonnes per year.
  • Utilization Rate: 78%.
• Livestock Processing Factories: 77 locations.
  • Capacity: 4,085 thousand tonnes per year.
  • Utilization Rate: 63%.
• Aquaculture Processing Factories: 7 locations.
  • Capacity: 97 thousand tonnes per year.
  • Utilization Rate: 35%.
• Land and Buildings:
  • Land Book Value: THB 74,747 million.
  • Buildings & Improvements Book Value: THB 102,604 million.
  • Machinery & Equipment Book Value: THB 58,372 million.

Segment-wise Performance

Livestock Business

• Revenue: THB 514,448 million.
• Performance: Achieved operating profit of THB 40,111 million, a significant increase from THB 12,398 million in 2023.
• Drivers: Improved swine prices in key markets (Vietnam, Cambodia), lower feed costs, and effective disease management.

Aquaculture Business

• Revenue: THB 66,299 million.
• Performance: Operating profit turned positive to THB 1,010 million from a loss of THB 20 million in 2023.
• Drivers: Adjustments in strategy despite challenges in the global shrimp market and disease outbreaks.

Founders

The company’s origins are rooted in the Charoen Pokphand Group, founded by the Chearavanont family. The business began as a seed shop in 1921 and expanded into animal feed and farming. The company has embraced the Sufficiency Economy Philosophy inspired by His Majesty King Rama IX. The current Chairman, Mr. Soopakij Chearavanont, and Vice Chairmen, Mr. Suphachai Chearavanont and Mr. Phongthep Chiaravanont, represent the founding family’s continued stewardship.

Shareholding Pattern

• Major Shareholder: Charoen Pokphand Group Co., Ltd. (CPG) and its subsidiaries collectively hold approximately 49.47% of shares.
  • CPG directly holds 25.02%.
  • Charoen Pokphand Holding Co., Ltd. holds 8.84%.
• Institutional Investors:
  • Thai NVDR Co., Ltd.: 10.40%.
  • Social Security Office: 3.02%.
  • State Street Europe Limited: 2.21%.
• Public/Other Holdings: The remaining shares are held by various minority shareholders and funds.

Parent

• Parent Company: Charoen Pokphand Group Company Limited (CPG).
• Profile: CPG is a diversified conglomerate with businesses spanning agro-industry and food, retail (7-Eleven, Makro, Lotus’s), telecommunications (True Corporation), automotive, industrial, and property development. CPG sells feed additives to the company and grants trademark rights.

Investments and Capital Expenditure Plans

• Capital Expenditure (Capex) Budget 2025: THB 25,000 million (excluding M&A).
• Focus Areas:
  • Investment in property, plant, and equipment to enhance production efficiency.
  • Expansion of international operations in high-potential markets.
  • Development of technology and innovation (“Sustainovation”).
• R&D Spending (2024): Approximately THB 4,600 million, representing 0.8% of total sales.
  • Priorities: Food research, healthy product development, sustainable packaging, and robotics/automation in manufacturing.

Future Strategy

• Net-Zero 2050: Commitment to achieving Net-Zero greenhouse gas emissions across the entire value chain by 2050.
• Sustainovation: Integrating sustainability with innovation to drive growth. This includes “Smart Farm” and “Green Farm” initiatives.
• Space Food Safety Standard: Elevating poultry safety standards to match space-grade food requirements.
• Market Expansion: Focusing on expanding distribution channels and tailored products for specific global markets (SDG Localization).
• Digital Transformation: Implementing platforms like “AXONS” to support farmers and integrating SAP Net-Zero Intelligence Platform for data management.

Key Strengths

• Vertical Integration: Control over the entire supply chain from feed to food ensures traceability, quality, and cost efficiency.
• Global Footprint: Diversified revenue streams from 17 manufacturing countries and exports to over 50 nations reduce reliance on any single market.
• Innovation Capability: Strong R&D focus resulting in products like “Benja Chicken,” “Meat Zero,” and probiotic-fed shrimp.
• Strong Financial Turnaround: Demonstrated resilience by converting a net loss in 2023 to a substantial net profit in 2024.
• Sustainability Leadership: Recognized as a leader in ESG, with inclusion in indices like DJSI and FTSE4Good.

Key Challenges and Risks

• Disease Outbreaks: Risks from African Swine Fever (ASF) in swine and Avian Influenza in poultry can disrupt supply and increase costs.
• Raw Material Price Volatility: Fluctuations in the prices of corn and soybeans impact production costs.
• Climate Change: Risks such as drought and floods affect agricultural output and water availability.
• Geoeconomic Factors: International conflicts and trade policies can impact logistics costs and raw material sourcing.
• Regulatory Changes: Increasing sustainability regulations (e.g., EU Deforestation Regulation, Carbon taxes) require continuous adaptation.
• Cybersecurity: Risks associated with increased reliance on digital platforms and data management systems.

Conclusion and Strategic Outlook

Charoen Pokphand Foods Public Company Limited has successfully navigated a challenging economic landscape to achieve a robust financial turnaround in 2024. By adhering to its vision of being the “Kitchen of the World,” the company has leveraged its fully integrated business model to deliver food security and quality to consumers globally. The strategic pivot towards “Sustainovation” places the company at the forefront of the industry’s transition towards sustainable and technologically advanced food production.

Looking ahead, the company is well-positioned for sustainable growth. Its continued investment in R&D, commitment to Net-Zero targets, and expansion into high-potential international markets provide a solid foundation for future success. While risks related to disease and market volatility persist, the company’s diversified portfolio and proactive risk management strategies mitigate these challenges. As consumer demand for safe, nutritious, and sustainable food continues to rise, Charoen Pokphand Foods is poised to remain a dominant player in the global agro-industrial sector.

Official Site: https://www.cpfworldwide.com/

FAQ Section:

1. What is Charoen Pokphand Foods’ main business? Charoen Pokphand Foods operates a fully integrated agro-industrial and food business, covering animal feed production, animal breeding and farming, meat processing, and the manufacturing of ready-to-eat food products.
2. What was CPF’s total revenue in 2024? In 2024, the company reported a total sales revenue of THB 580,747 million.
3. Is CPF profitable? Yes, in 2024, CPF reported a net profit of THB 19,558 million, marking a significant turnaround from the net loss reported in the previous year.
4. Where does CPF operate globally? CPF has manufacturing bases in 17 countries, including Thailand, Vietnam, China, Russia, and the USA, and exports products to over 50 countries worldwide.
5. What are CPF’s key brands? Key brands include CP, Kitchen Joy, Authentic Asia, Butcher, Five Star, Chester’s, Jerhigh, and U Farm.
6. What is CPF’s sustainability goal? The company is committed to achieving Net-Zero greenhouse gas emissions across its entire value chain by 2050.
7. Who is the major shareholder of CPF? The major shareholder is the Charoen Pokphand Group (CPG), which, along with its subsidiaries, holds approximately 49.47% of the shares.

Content is based on publicly available corporate filings, regulatory disclosures, annual reports, 10-K filings, Investor Relations materials, and direct mail communication with the company.