Tingyi (Cayman Islands) Holding Corp. reported FY2025 revenue of RMB79.07 billion, down 2.0% year-on-year, but leveraged lower raw-material costs and product mix improvements to lift gross margin by 1.7 percentage points to 34.8%.
Profit attributable to shareholders surged 20.5% to RMB4.50 billion, while EBITDA rose 10.2% to RMB10.61 billion. Basic earnings per share increased to RMB0.7986.
Segment performance: • Instant Noodles revenue was flat at RMB28.42 billion, with gross margin up 1.1 ppt to 29.7%. • Beverages revenue fell 2.9% to RMB50.12 billion, yet gross margin widened 2.2 ppt to 37.5%.
Cost controls and stronger margins drove group profit before tax to RMB6.97 billion, up 15.0%. Distribution costs represented 22.9% of sales, 0.5 ppt higher year-on-year.
Cash at bank and on hand, including long-term time deposits, climbed by RMB3.48 billion to RMB19.49 billion. Net cash stood at RMB4.46 billion, and the gearing ratio improved to –29.8% from –19.3% a year earlier.
Capital expenditure reached RMB3.09 billion, primarily for beverage capacity expansion and digital upgrades. Year-end commitments totalled RMB0.82 billion.
Board Changes & Outlook A planned CEO transition took effect 1 January 2026, with Executive Director Wei Hong-Chen succeeding Chen Yinjang. Management reiterated focus on R&D, digitalisation and channel diversification to sustain high-quality growth.
Dividend Proposal The Board recommended a final dividend of RMB0.3992 per share and a special final dividend of the same amount, subject to approval at the 8 June 2026 AGM. The register of members will close 12–16 June 2026, and payment is scheduled for around 8 July 2026.
Key Metrics FY2025 vs FY2024 • Revenue: RMB79.07 bn (-2.0%) • Gross profit: RMB27.53 bn (+3.1%) • Gross margin: 34.8% (+1.7 ppt) • EBITDA: RMB10.61 bn (+10.2%) • Net profit attributable: RMB4.50 bn (+20.5%)
The company marks the 30th anniversary of its Hong Kong listing in 2026 and positions the coming year as the start of its “15th Five-Year” strategic cycle, targeting further operational efficiency and product innovation.