Tingyi (Cayman Islands) Holding Corp ( (TCYMF) ) has released its Q4 earnings. Here is a breakdown of the information Tingyi (Cayman Islands) Holding Corp presented to its investors.
Tingyi (Cayman Islands) Holding Corp, known for its Master Kong brand, is a leading player in China’s food and beverage industry, focusing on instant noodles and beverages. In its latest earnings report for 2024, Tingyi reported a modest revenue increase of 0.3% to RMB 80.65 billion, with significant improvements in profitability metrics such as a 22.9% rise in profit for the year and a 19.8% increase in profit attributable to shareholders. The company achieved a gross margin of 33.1%, up from 30.4% the previous year, driven by strategic pricing and cost management. The instant noodles segment saw a slight revenue decline, while the beverage segment experienced growth, contributing to the overall positive financial performance. Looking ahead, Tingyi aims to continue its focus on product innovation, branding, and channel expansion to maintain robust operations and contribute to societal development.