Tingyi (cayman Islands) Holding Corp. · HKEX:322
Tingyi (cayman Islands) — FY2025 Earnings Presentation
17 slides from Tingyi (cayman Islands)'s earnings presentation, Mar 23, 2026
Slide 1: Presentation on 2025 Annual Results (HKEX announcement)
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 Annual Results
Tingyi Holding Corp. 2025 Annual Results 23 March 2026
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 2025 2024 YOY Revenue 79,068 80,651 -2.0% Gross Profit 27,532 26,696 3.1% Gross Margin 34.8% 33.1% 1.7ppt EBITDA 10,607 9,628 10.2% Net Profit 5,176 4,322 19.8% Profit Attributable to Owners of the Company 4,501 3,734 20.5% Adjusted Profit Attributable to Owners o
Slide 5: Revenue by Segment
Revenue by Segment Revenue and Structure Revenue Revenue Structure RMB in Million 90,000 RMB in Million 2025 2024 YOY 2025 2024 YOY 0.7%, 524 0.8%, 615 80,000 70,000 Instant Noodles 28,421 28,414 0.0% 35.9% 35.2% 0.7ppt 60,000 63.4%, 64.0%, 50,000 50,123 51,621 40,000 Beverages 50,123 51,621 -2.9% 6
Slide 6: Instant Noodle Revenue by Product
Instant Noodle Revenue by Product RMB in Million 2025 2024 YOY Snack Noodle & Others Bowl 2% 49% Bowl 14,002 14,012 -0.1% 2025 Mid-priced Packet 10% High-priced Packet High-priced Packet 11,062 11,098 -0.3% 39% Snack Noodle & Others Mid-priced Packet 2,877 2,875 0.1% 2% Bowl 49% Mid-priced Packet 10
Slide 7: Beverage Revenue by Product
Beverage Revenue by Product RMB in Million 2025 2024 YOY CSD & Others 39% Tea 41% Tea 20,603 21,700 -5.1% 2025 Water 4,708 5,013 -6.1% Juice, 11% Water, 9% Juice 5,500 6,478 -15.1% CSD & Others 35% Tea 2024 42% CSD & Others 19,312 18,430 4.8% Total 50,123 51,621 -2.9% Juice, 13% Water, 10% 6 ©2026 T
Slide 8: Gross Margin by Segment
Gross Margin by Segment Gross Margin % % 2025 2024 YOY 40 35 Instant Noodles 29.7 28.6 1.1ppt 30 Beverages 37.5 35.3 2.2ppt 25 20 Others 53.6 51.8 1.8ppt 15 H1 2023 H2 2023 H1 2024 H2 2024 H1 2025 H2 2025 Total 34.8 33.1 1.7ppt Total Instant Noodles Beverages 7 ©2026 Tingyi (Cayman Islands) Holding
Slide 9: Net Profit by Segment
Net Profit by Segment RMB in Million RMB in Million 2025 2024 YOY 3,000 2,500 Instant Noodles 2,252 2,045 10.1% 2,000 1,500 Beverages 2,949 2,506 17.7% 1,000 Others -25 -229 88.9% 500 0 H1 2023 H2 2023 H1 2024 H2 2024 H1 2025 H2 2025 Total 5,176 4,322 19.8% Total Instant Noodles Beverages 8 ©2026 Ti
Slide 10: Profit Attributable to Owners of the Company
Profit Attributable to Owners of the Company RMB in Million RMB in Million 2025 2024 YOY 3,000 2,500 Instant Noodles 2,252 2,045 10.1% 2,000 Beverages 2,274 1,919 18.5% 1,500 1,000 Others -25 -229 88.9% 500 0 Total 4,501 3,734 20.5% H1 2023 H2 2023 H1 2024 H2 2024 H1 2025 H2 2025 Total Instant Noodl
Slide 11: EBIT Margin
EBIT Margin EBIT Margin % % 2025 2024 YOY 15 Instant Noodles 10.0 9.1 0.9ppt 10 Beverages 7.8 6.7 1.1ppt 5 Others 46.5 12.7 33.8ppt 0 H1 2023 H2 2023 H1 2024 H2 2024 H1 2025 H2 2025 Total 8.8 7.6 1.2ppt Total Instant Noodles Beverages 10 ©2026 Tingyi (Cayman Islands) Holding Corp., All rights reserv
Slide 12: Cash Flow and CapEx
Cash Flow and CapEx Net Cash from Operating Activities CapEx RMB in Million RMB in Million 9,000 9,000 25,000 8,264 8,202 8,000 8,000 7,000 20,000 7,000 6,000 5,495 6,000 15,000 5,000 5,000 4,000 4,000 3,644 3,608 3,112 10,000 3,000 3,000 2,000 2,000 5,000 1,000 1,000 - - 2023 2024 2025 2023 2024 20
Slide 13: Operation Efficiency
Operation Efficiency ROA and ROE Cash Conversion Days % Days 40% 0 30.8% 30% 26.6% -10 22.9% 20% -20 -19.8 -20.9 12.9% -22.7 11.5% 8.5% 10% -30 0% -40 2023 2024 2025 2023 2024 2025 ROA ROE 12 ©2026 Tingyi (Cayman Islands) Holding Corp., All rights reserved.
Slide 14: Key Financial Indicators
Key Financial Indicators RMB in Million 2025 2024 Change ROA 12.9% 11.5% 1.4ppt ROE 30.8% 26.6% 4.2ppt Current Ratio 0.7 0.6 0.1 Gearing Ratio* -29.8% -19.3% -10.5ppt A/R Turnover Days 6.9 7.2 -0.3 Finished Goods 16.3 17.6 -1.3 Turnover Days *Long-term time deposits were also taken into account for
Slide 15: Shareholder Return
Shareholder Return Shareholder Return RMB in Million 195% 15,000 200% 166% 150% 10,000 100% 100% 100% 100% 100% 100% 6,302 100% 5,132 4,501 5,000 4,062 3,734 3,331 3,117 2,463 50% - 0% 2018 2019 2020 2021 2022 2023 2024 2025* Final Dividend Special Final Dividend Special Interim Dividend Payout Rati
Slide 16: Material Price Index
Material Price Index H1 2023=100 120 114 111 108 104 100 101 100 95 89 80 H1 2023 H2 2023 H1 2024 H2 2024 H1 2025 H2 2025 PET Resin Palm Oil Flour Sugar 15 ©2026 Tingyi (Cayman Islands) Holding Corp., All rights reserved.
Slide 17: Nation-wide Production and Distribution Network
Nation-wide Production and Distribution Network As at 31/12/2025 As at 31/12/2024 Production Lines Instant Noodles 158 158 Beverages 381 394 Others 9 9 Distribution Network Sales Office * 355 357 Warehouse 262 271 Wholesaler 57,609 67,215 Direct Retailer 287,037 220,623 * Sales Office: The statistic
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