Let X and Y be locally compact Hausdorff spaces. We denote by \(C_0^+(X)\) the cone of all non-negative real-valued continuous functions on X vanishing at infinity. In this paper, we consider a bijection \(T:C_0^+(X) \rightarrow C_0^+(Y)\) satisfying the following two norm conditions for all \(f, g \in C_0^+(X)\) : \( \Vert T(f+g) \Vert = \Vert T(f)+T(g) \Vert ,\qquad \Vert T(f \cdot g) \Vert = \Vert T(f) \cdot T(g) \Vert . \) The main result of this paper is that such a map T is a composition operator of the form \(T(f) = f \circ \tau \) , induced by a homeomorphism \(\tau :Y \rightarrow X\) . As a direct consequence of our main theorem, we obtain a positive cone version of the Gelfand–Kolmogoroff theorem.