TINGYI (00322) surged over 3% in Hong Kong trading, reaching HK$12.47 with a turnover of HK$132 million. The company announced on December 18 that CEO Chen Yingrang will retire and not renew his service contract. Wei Hongcheng, son of founder Wei Yingzhou and younger brother of Chairman Wei Hongming, will assume the CEO role effective January 1, 2026. This leadership transition ends TINGYI's 11-year era of professional management and restores full family control.

Goldman Sachs recently noted that while TINGYI faces challenges in meeting its FY2025 sales targets due to weak beverage performance, profitability goals remain achievable. This optimism stems from favorable pricing effects, cost tailwinds, efficiency improvements, and disciplined promotional management. For 2026, management reaffirmed its focus on margin enhancement while aiming to resume revenue growth and continue efficiency initiatives. The company typically secures raw material supplies through contracts spanning half a month to several months.