Hangzhou Wahaha Group Co., one of China's largest beverage companies, doesn't have any plans to list as it has enough cash to fund its expansion, company Chairman Zong Qinghou said.

Wahaha, whose name is meant to mimic the sound of laughter, markets its Future Cola as the "patriotic brand." It is well-known for its bottled drinking water branded Wahaha and has several joint ventures with French food company Groupe Danone. But Zong declined to talk about the company's cooperation with Danone.

Zong said Wahaha's pretax profit last year was up 48% at CNY3.2 billion, and its sales rose 32.7% to CNY18.7 billion. Zong was speaking on the sidelines of the National People's Congress.

Source:佚名