On August 12, TINGYI rose 4.72% in regular trading, trading at HK$11.98/share, with turnover of HK$74.79 million. The rally was driven by the company's interim results released after market close on August 11, which exceeded market expectations.

TINGYI reported H1 revenue of RMB 40.545 billion, up 1.1% year-over-year. Attributable profit reached RMB 2.433 billion, up 7.1% YoY, while adjusted attributable profit surged 15.2% YoY, approximately 3% above prior consensus. Gross margin expanded 1.3 percentage points to 35.8%, with instant noodle gross margin rising 2.5pp to 30.3% and beverage gross margin improving 0.7pp to 38.4%.

Ahead of the results, Daiwa had forecast a 15% increase in core earnings, while CICC raised its earnings forecast by 6% and set a target price of HK$14.7, implying approximately 31% upside. The confirmed beat validated bullish institutional positioning and triggered positive sentiment in the market.

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