HONG KONG, Mar 24, 2026 - (ACN Newswire via SeaPRwire.com) - On March 23, 2026, Tingyi (Cayman Islands) Holding Corp. (0322.HK, the “Company”, together with its subsidiaries, the “Group”) is pleased to announce its 2025 annual results. In 2025, amid drastic changes in consumer behaviours and a complex market environment, the Group remained firmly committed to the consumer-centric approach, advanced the high-quality development in a coordinated manner, promoted product innovation and upgrades to precisely meet the demands of diverse scenario-based needs, while accelerating the expansion into high-growth channels. It comprehensively improved overall operational efficiency and drove steady growth of all key financial indicators. For the twelve months ended on December 31, the Group’s revenue decreased by 2.0% year-on-year to RMB 79.068 billion. Among which, the revenue from the Instant Noodles Business was RMB28.421 billion, while the revenue from the Beverages Business was RMB50.123 billion. The gross profit margin grew 1.7 percentage points to 34.8% year-on-year, EBITDA increased by 10.2% year-on-year to RMB 10.607 billion. The profit attributable to shareholders of the Company increased significantly by 20.5% year-on-year to RMB4.501 billion. The directors recommended the payment of a final dividend and a special final dividend of RMB39.92 cents and RMB39.92 cents per ordinary share respectively. Dividend payout ratio for the year remained at 100%.Financial Summary For the twelve months ended 31 December RMB’00020252024ChangeRevenue79,068,02280,650,914↓ 2.0%Gross margin34.8%33.1%↑ 1.7ppt.Gross profit of the Group27,531,70426,695,643↑ 3.1%EBITDA10,606,5229,627,802↑ 10.2%Profit for the period5,175,8524,322,135↑ 19.8%Profit attributable to owners of the Company4,500,6983,734,429↑ 20.5%Earnings per share (RMB cents) Basic79.8666.28↑ 13.58 centsDiluted79.8466.28↑ 13.56 centsAs at 31 December 2025, cash at bank and on hand (including long-term time deposits) was RMB19,486.056 million, representing an increase of RMB3,483.388 million when compared to 31 December 2024. Gearing ratio was -29.8%.In 2025, China's economy demonstrated resilience with a 5% year-on-year GDP growth. However, the food and beverage market entered into the stage of stock competition and demand upgrading for functional and emotional values. Brand, quality, and flavors remained key drivers of purchasing decisions. Additionally, emerging formats such as instant retail, snack discount stores, and membership stores had brought about drastic changes in channels and consumer behaviors. Against the backdrop of intensifying market competition and evolving consumption patterns, a company's core competitiveness increasingly lies in building a strong moat for their core brands. Those that continuously drive product innovation and channel optimization around consumer needs will be more agile in capturing market opportunities, strengthening consumer trust, and ultimately achieving high-quality and sustainable long-term development.In 2025, the gross profit of the Instant Noodles business improved steadily. The Group’s revenue from the Instant Noodles Business was RMB28.421 billion, which grew slightly year-on-year, accounting for 35.9% of the Group’s total revenue. During the year, due to favorable raw material prices and selling prices, the gross profit margin of instant noodles expanded by 1.1 percentage points year-on-year to 29.7%, and the profit attributable to shareholders of the Company for the year of 2025 in the Instant Noodles Business increased significantly by 10.1% year-on-year to RMB 2.252 billion, driven by the year-on-year increase in gross profit margin. During the year, in the face of intensifying industry competition, the Instant Noodles Business steadily advanced its core strategy of “consolidating blockbuster products, seizing the popular flavors track, and cultivating innovative products.” By continuously improving the product portfolio and forging deep collaborations with popular IPs, it effectively amplified brand presence and steadily optimized gross margin structure. On the product front, the business relied on deep cultivation of core blockbuster products and iterative flavor upgrades, while closely aligning with evolving consumer trends to precisely target the health-focused and premium market segments, tapping into new growth opportunities. On the marketing front, it leveraged mainstream social platforms such as Bilibili and Xiaohongshu to conduct omnichannel communication, combined with cross-industry collaborations with well-known IPs to reinforce the brand perception of high-end and convenient consumption. As a result, brand influence and market recognition improved significantly. Meanwhile, guided by aerospace-grade quality standards, the business promoted the full application of aerospace patented temperature control technology in the production line, fully demonstrating the brand’s differentiated advantages in product quality and technological innovation.The Beverages Business firmly executed the strategy of “consolidating core products and developing innovative products”, the revenue from the Beverages Business was RMB50.123 billion, accounting for 63.4% of the Group’s total revenue. During the year, due to favorable raw material prices and optimized product mix, the gross profit margin of Beverages expanded by 2.2 percentage points year on-year to 37.5%. Driven by a year-on-year expansion of gross profit margin, the profit attributable to shareholders of the Company in the Beverages Business for the year of 2025 increased significantly by 18.5% year-on-year to RMB 2.274 billion. During the year, the Beverages Business strengthened its core category advantages and proactively positioned itself in emerging tracks, establishing a collaborative growth model across the full product portfolio. On the product front, while consolidating core products, it continuously expanded into incremental growth segments by launching high-quality sugar-free offerings and aligning with the wellness consumption trend to create herbal wellness scenarios, successfully opening up new growth spaces such as products made from homologous medicinal and food materials. On the marketing front, the Company deepened IP collaborations to broaden audience reach, enhanced its presence in cultural tourism channels and high-end hotel partnerships, and targeted premium consumption scenarios. These efforts consistently elevated brand value, providing strong support for the business to achieve steady operations and sustainable growth.Mr. Wei Hong-Chen, Chief Executive Officer, commented, “As the first year of the 15th Five-Year Plan period, 2026 is expected to see expanding domestic demand become a key driver of economic growth under a more proactive and effective macroeconomic policy, while the consumer market will also usher in a critical window of profound transformation. The food and beverage industry will closely follow the theme of high-quality development, and consumption stratification will become more refined. Functional attributes, emotional resonance, and green concepts are shifting from trends to mainstream factors, becoming core elements driving brand growth. In the face of opportunities and challenges in the new cycle, the Group will be guided by the spirit of “Back to Day 1” as its strategic direction, embracing the efficiency, agility and entrepreneurial drive of our founding days, and building a platform that encourages honesty, bold experimentation and mutual growth, thus fully unleashing the vitality of all employees. While unleashing organizational vitality, we will continue to strengthen our foundational R&D capabilities and digital operation systems. Rooted in the health needs of the nation, we will drive product iteration and upgrades through technological innovation, continuously elevate product value, and align high-quality supply with the evolving consumption landscape. Adhering to the “economic-ESG” sustainable development philosophy, we will internalize social responsibility as the foundation of our development, solidify user trust through quality products, build a brand moat with long-term value, and create a sustainable and stable return system for shareholders, propelling the Group toward steady and sustained progress in the new stage of high-quality development.”About Tingyi (Cayman Islands) Holding Corp. (0322.HK)Tingyi (Cayman Islands) Holding Corp. (the “Company”), and its subsidiaries (the “Group”) specialise in the production and distribution of instant noodles and beverages in the People’s Republic of China (the “PRC”). The Group started its instant noodle business in 1992, and expanded into instant food business and beverage business in 1996. In March 2012, the Group further expanded its beverage business by forming a strategic alliance with PepsiCo for the beverage business in the PRC. The Company exclusively manufactures, bottles, packages, distributes and sells PepsiCo soft drinks in the PRC. After years of hard work and accumulation, “Master Kong” has become one of the best-known brands among consumers in the PRC.For enquiries, please contact:Investor EnquiriesInvestor Relations Team, Tingyi (Cayman Islands) Holding Corp.E-mail: ir@tingyi.comChristensen China LimitedStephanie ChenE-mail: stephanie.chen@christensencomms.comTel: +852 2117 0861 Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
The WB(SeaPRwire) - 《吸血鬼猎人巴菲》（Buffy the Vampire Slayer）或许讲述的是开篇旁白中所描述的那位“一代人中才出一个”的猎人，但它始终是一部群像剧。围绕在Buffy身边的“史酷比帮”（Scooby Gang）对每一次任务都至关重要，无论是通过Giles的神秘学研究、Willow的巫术知识，还是Angel或Spike作为吸血鬼的亲身经历。然后，还有Xander。Buffy那位“Xander形状的朋友”可能是“史酷比帮”中最被低估的一员，但他那看似简单实则复杂的性格为整个演员阵容增色不少。不久前以54岁高龄去世的演员Nicholas Brendon，以一种令人心生怜悯的特质诠释了Xander，使他成为该剧不可或缺的一部分。在第三季中，我们终于看到他成为了主角，这一集颠覆了该剧原本的设定，并确立了一种全新的电视叙事手法。Xander买了一辆时髦的新车，希望能让自己变得酷起来。 | The WB《吸血鬼猎人巴菲》第三季第13集《The Zeppo》几乎与Buffy本人无关。相反，Xander是这一集的焦点。但他的问题并非来自什么新的“科技异教”老师或奇怪的咒语，而是非常世俗：他觉得自己不够酷。在Cordelia称他为“史酷比帮”的“Zeppo”（源自马克思兄弟中最不出名的Zeppo Marx）之后，他决定不惜一切代价让自己变酷。他买了一辆车，并与高中里极受欢迎的恶霸Jack交上了朋友。Jack带着Xander去见了他的其他朋友，而他们全都是僵尸。尽管如此，Xander仍决心要变酷，于是他跟随他们踏上了一个邪恶的计划。最终，当Jack试图通过谋杀Xander来对他进行“入会仪式”时，他清醒过来并意识到了真相。Xander利用Oz变身狼人的能力击败了Jack及其同伙，随后回归了正常生活。对于《Buffy》的一集来说，这算是一个相当正常的剧情，但让这一集与众不同的是它的结构。Xander在剧中经历过各种各样的闹剧，但通常要么是支线情节，要么是需要Buffy来收拾的烂摊子。但在《The Zeppo》中，Buffy不仅没有出现在主线剧情中，甚至被降级到了支线情节——一个关于阻止巫师姐妹会重新打开地狱之门的B故事。即使在这一集结尾，当Buffy和伙伴们在击败敌人后休整时，Xander选择不透露自己的经历——相反，他将其视为一种自我确认：他并非毫无用处；他完全可以独当一面。Xander的新朋友们原来是一群僵尸。 | The WB《The Zeppo》由Dan Vebber编剧，他以撰写《辛普森一家》（The Simpsons）、《飞出个未来》（Futurama）和《美国老爹》（American Dad）等剧集的喜剧剧本而闻名。但这个故事却触动人心且极其现实，抓住了诸如攀附权贵、同辈压力和自我感觉不足等极具共鸣的青少年心理。话虽如此，这一集也非常搞笑，Brendon在两种基调之间游刃有余，仿佛他正在拍摄《Once More With Feeling》一样。这一集启发了科幻电视领域中许多类似的剧集，这种“聚光灯式”的单集在《守望尘世》（The Leftovers）和《绝命毒师》（Breaking Bad）等剧中变得司空见惯。《神秘博士》（Doctor Who）的剧集运作人Russell T. Davies曾引用该集作为《Love and Monsters》的灵感来源，那一集几乎没有Doctor的戏份。《Love and Monsters》被认为是《神秘博士》中最糟糕的剧集之一，但这恰恰证明了《The Zeppo》为何如此出色。它需要角色动态、表演功底和内省剧本的完美结合才能讲好这类故事，而《The Zeppo》证明了这种方式是行得通的。Buffy the Vampire Slayer 目前正在 Hulu 上线播出。本文由第三方内容提供商提供。SeaPRwire (https://www.seaprwire.com/)对此不作任何保证或陈述。
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