Trade Tingyi (Cayman Islands) Holding Corp. - 0322 CFD

Tingyi Company profile

About Tingyi (Cayman Islands) Holding Corp.

Tingyi (Cayman Islands) Holdings Corp is an investment holding company mainly engaged in the production and sales of instant noodles and beverages. The Company operates three segments. The Instant Noodles segment operates the production and sales of instant noodle products, including twin-taste in one, mini-cup, stirred dry-noodle and Express Chef’s Noodle series products. The Beverages segment provides different types of beverages, including ready-to-drink tea, such as Master Kong ice tea and Master Kong milk tea, carbonated beverages, such as Pepsi Cola, Mirinda and 7 up, juice, such as Rock Candy Pear, packaged water, coffee, functional beverages and lactic acid bacteria beverages, such as Bernachon coffee. The Other segment’s businesses involve the production and sales of convenience foods.

Financial summary

BRIEF: For the six months ended 30 June 2021, Tingyi(Cayman Islands) Holding Corp. revenues increased 7% toRMB35.4B. Net income decreased 15% to RMB2.04B. Revenuesreflect Beverages segment increase of 26% to RMB22.28B. Netincome was offset by Instant Noodles segment incomedecrease of 49% to RMB1.19B, Intersegment Eliminationincome decrease of 93% to RMB693K.