Tingyi (cayman Islands) Holding Corp. · HKEX:322
Tingyi (cayman Islands) — H1 2025 Earnings Presentation
16 slides from Tingyi (cayman Islands)'s earnings presentation, Aug 11, 2025
Slide 1: Presentation on 2025 Interim Results
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in re
Slide 2: Tingyi Holding Corp. 2025 Interim Results
Tingyi Holding Corp. 2025 Interim Results 11 August 2025
Slide 3: Disclaimer
Disclaimer The information contained in this presentation is intended solely for your personal reference. Such information is subject to change without notice and no representation or warranty express or implied is made as to, and no reliance, should be placed on, the fairness, accuracy, completenes
Slide 4: Financial Highlights
Financial Highlights RMB in Million H1 2025 H1 2024 YOY Revenue 40,092 41,201 -2.7% Gross Profit 13,815 13,440 2.8% Gross Margin 34.5% 32.6% 1.9ppt EBITDA 5,451 4,825 13.0% Net Profit 2,688 2,235 20.3% Profit Attributable to Owners of the Company 2,271 1,885 20.5% Adjusted Profit Attributable to Own
Slide 5: Revenue by Segment
Revenue by Segment Revenue and Structure Revenue Revenue Structure RMB in Million 50,000 RMB in Million H1 2025 H1 2024 YOY H1 2025 H1 2024 YOY 0.7%, 268 0.8%, 322 40,000 Instant Noodles 13,465 13,814 -2.5% 33.6% 33.5% 0.1ppt 30,000 65.7%, 65.7%, 26,359 27,065 Beverages 26,359 27,065 -2.6% 65.7% 65.
Slide 6: Instant Noodle Revenue by Product
Instant Noodle Revenue by Product RMB in Million H1 2025 H1 2024 YOY Snack Noodle & Others Bowl 2% 50% Bowl 6,771 6,857 -1.3% H1 2025 Mid-priced 10% Packet High-priced Packet High-priced Packet 5,092 5,485 -7.2% 38% Snack Noodle & Others Mid-priced Packet 1,372 1,271 8.0% 1% Bowl 50% Mid-priced Pack
Slide 7: Beverage Revenue by Product
Beverage Revenue by Product RMB in Million H1 2025 H1 2024 YOY CSD & Others 40% Tea 40% Tea 10,670 11,392 -6.3% H1 2025 Water 2,377 2,530 -6.0% Juice, 11% Water, 9% Juice 2,956 3,398 -13.0% CSD & Others 36% Tea H1 2024 42% CSD & Others 10,356 9,745 6.3% Total 26,359 27,065 -2.6% Juice, 13% Water, 9%
Slide 8: Gross Margin by Segment
Gross Margin by Segment Gross Margin % % H1 2025 H1 2024 YOY 40 35 Instant Noodles 27.8 27.1 0.7ppt 30 Beverages 37.7 35.2 2.5ppt 25 20 Others 51.5 51.4 0.1ppt 15 H1 2023 H2 2023 H1 2024 H2 2024 H1 2025 Total 34.5 32.6 1.9ppt Total Instant Noodles Beverages 7 ©2025 Tingyi(Cayman Islands)Holding Corp
Slide 9: Net Profit by Segment
Net Profit by Segment RMB in Million RMB in Million H1 2025 H1 2024 YOY 3,000 2,500 Instant Noodles 951 850 11.9% 2,000 1,500 Beverages 1,752 1,465 19.6% 1,000 Others -15 -80 81.9% 500 0 H1 2023 H2 2023 H1 2024 H2 2024 H1 2025 Total 2,688 2,235 20.3% Total Instant Noodles Beverages 8 ©2025 Tingyi(Ca
Slide 10: Profit Attributable to Owners of the Company
Profit Attributable to Owners of the Company RMB in Million RMB in Million H1 2025 H1 2024 YOY 3,000 2,500 Instant Noodles 951 850 11.9% 2,000 1,500 Beverages 1,335 1,115 19.7% 1,000 Others -15 -80 81.9% 500 0 H1 2023 H2 2023 H1 2024 H2 2024 H1 2025 Total 2,271 1,885 20.5% Total Instant Noodles Beve
Slide 11: EBIT Margin
EBIT Margin EBIT Margin % % H1 2025 H1 2024 YOY 15.0 Instant Noodles 8.7 7.6 1.1ppt 10.0 Beverages 9.1 7.3 1.8ppt 5.0 Others 48.6 20.7 27.9ppt 0.0 H1 2023 H2 2023 H1 2024 H2 2024 H1 2025 Total 9.2 7.5 1.7ppt Total Instant Noodles Beverages 10 ©2025 Tingyi(Cayman Islands)Holding Corp., All rights res
Slide 12: Cash Flow and CapEx
Cash Flow and CapEx Net Cash from Operating Activities CapEx RMB in Million RMB in Million 5,000 4,000 20,000 4,500 3,500 18,000 4,000 16,000 3,510 3,000 3,500 14,000 3,119 2,843 2,500 12,000 3,000 2,000 1,885 10,000 2,500 1,562 2,000 1,403 8,000 1,500 1,500 6,000 1,000 1,000 4,000 500 2,000 500 - -
Slide 13: Operation Efficiency
Operation Efficiency ROA and ROE Cash Conversion Days % Days 40% 0 33.6% 30% 26.6% -10 22.9% 20% -20 -19.8 -20.9 13.5% 11.5% -23.7 8.5% 10% -30 0% -40 2023 2024 H1 2025* 2023 2024 H1 2025* ROA ROE * Annualized 12 ©2025 Tingyi(Cayman Islands)Holding Corp., All rights reserved.
Slide 14: Key Financial Indicators
Key Financial Indicators RMB in Million H1 2025 2024 Change ROA 13.5% 11.5% 2.0ppt (Annualized) ROE 33.6% 26.6% 7.0ppt (Annualized) Current Ratio 0.6 0.6 0.0 Gearing Ratio* -35.0% -19.3% -15.7ppt A/R Turnover Days 8.1 7.2 0.9 Finished Goods 15.6 17.6 -2.0 Turnover Days *Long-term time deposits were
Slide 15: Material Price Index
Material Price Index H1 2023=100 130 120 117 119 110 109 104 100 101 96 96 91 90 80 H1 2023 H2 2023 H1 2024 H2 2024 H1 2025 PET Resin Palm Oil Flour Sugar 14 ©2025 Tingyi(Cayman Islands)Holding Corp., All rights reserved.
Slide 16: Nation-wide Production and Distribution Network
Nation-wide Production and Distribution Network As at 30/6/2025 As at 31/12/2024 Production Lines Instant Noodles 158 158 Beverages 397 394 Others 9 9 Distribution Network Sales Office * 365 357 Warehouse 269 271 Wholesaler 63,806 67,215 Direct Retailer 219,124 220,623 * Sales Office: The statistics
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