Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
TINGYI (CAYMAN ISLANDS) HOLDING CORP.
康 師 傅 控 股 有 限 公 司*
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 0322)
PRESENTATION ON 2020 ANNUAL RESULTS
A presentation in relation to the results of Tingyi (Cayman Islands) Holding Corp. and its subsidiaries for the year ended 31 December 2020 is appended to this announcement.
By order of the Board
Tingyi (Cayman Islands) Holding Corp.
Ip Pui Sum
Company Secretary
Hong Kong, 22 March 2021
As at the date of this announcement, Mr. Wei Hong-Ming, Mr. Junichiro Ida, Mr. Wei Hong-Chen, Mr. Koji Shinohara, Mr. Yuko Takahashi and Ms. Tseng Chien are executive Directors of the Company. Mr. Hsu Shin-Chun, Mr. Lee Tiong-Hock and Mr. Hiromu Fukada are independent non-executive Directors of the Company.
* For identification purposes only
website:http://www.masterkong.com.cnhttp://www.irasia.com/listco/hk/tingyi
Tingyi Holding Corp.
2020 Annual Results
22 March 2021
Disclaimer
The information contained in this presentation is intended solely for your personal reference. Such information is subject to change without notice and no representation or warranty express or implied is made as to, and no reliance, should be placed on, the fairness, accuracy, completeness or correctness of the information contained in this presentation. This presentation does not intend to provide, and you may not rely on this presentation as providing, a complete or comprehensive analysis of the Company's financial or trading position or prospects. None of the Company nor any of its respective affiliates, advisors or representatives shall have any liability (in negligence or otherwise) whatsoever for any loss or damage howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation.
This presentation contains projections and forward-looking statements that may reflect the Company's current views with respect to future events and financial performance. Readers are cautioned not to place undue reliance on these forward-looking statements which are subject to various risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
This presentation does not constitute an offer or invitation to purchase or subscribe for any securities or financial instruments or the provision of any investment advice, and no part of it shall form the basis of or be relied upon in connection with any contract, commitment or investment decision in relation thereto, nor does this presentation constitute a recommendation regarding the securities or financial instruments of the Company.
Financial Highlights
Business Review
Financial Highlights
Gross Profit
22,432
19,759 13.53%Gross Margin
33.17%
31.88% 1.29pptEBITDA
9,361
8,542 9.59%Net Profit
4,574
3,718 23.01%Profit attributable to owners of the Company
4,062
3,331 21.95%Net Margin
6.01%
5.37%
0.64ppt
EPS (cents)
72.23
59.25
12.98centsProposed Final Dividend (US Cents)
5.54
4.24
1.3US centsProposed Special Dividend (US cents)
5.54
4.24
1.3US cents
Revenue by Segment
Revenue Change 2020 Vs. 2019 80,000 70,000 60,000 50,000 29,510 25,300 40,000 30,000 20,000 37,280 35,600 10,000 0 828 2020 1,078 2019 | Revenue Structure 2020 Vs. 2019 43.64% 40.82% 55.13% 57.44% 1.23% 2020 1.74% 2019 |
RMB in Million 25,300 Instant Noodles Beverages 35,600 Others |
RMB in Million | 2020 | 2019 | YOY | 2020 | 2019 | YOY |
Instant Noodles | 29,510 | 25,300 | 16.64% | 43.64% | 40.82% | 2.82ppt |
Beverages | 37,280 | 35,600 | 4.72% | 55.13% | 57.44% | -2.31ppt |
Others | 828 | 1,078 | -23.20% | 1.23% | 1.74% | -0.51ppt |
Total | 67,618 | 61,978 | 9.10% | 100% | 100% |
Instant Noodle Revenue by Product
High end Packet
13,066
10,198 28.12%Mid end Packet
2,717
2,590 4.91%Snack Noodle & Others
261
191 36.25%
Total
29,510
25,300 16.64%
Beverage Revenue by Product
Water
3,275
3,114 5.17%
Juice
4,821
4,670 3.22%
CSD & Others
13,373
12,237 9.29%
37,280
35,600 4.72%
Net Profit by Segment
2,105
1,339 57.24%
-264
180
4,574
3,718
Profit Attributable to Owners of the Company
RMB in Million 2500
Business Review | 2000 |
1500 | |
1000 | |
Profit Attributable to | |
500 | |
Owners of the | |
0 | |
Company |
17H1
17H2
18H1
18H2
19H1
TotalInstant Noodles
19H2
Beverages
20H1
20H2
1,594
946 68.51%
-265
185
4,062
3,331
Gross Margin by Segment
35.94
33.69 2.25ppt
46.89
39.60 7.29ppt
33.17
31.88 1.29ppt
EBIT Margin
6.99
4.78 2.21ppt
5.04
50.17
9.19
8.53
ROA and ROE Up due to Profit Growth
Business Review
Financial Index
ROECurrent Ratio
19.97%
16.98% 2.99ppt
1.06
0.90
0.16
Gearing Ratio
-36.63%
-25.82%
-10.81pptA/R Turnover/Days
8.99
9.97
-0.98daysFinished Goods Turnover/Days
17.73
16.61
1.12days
Material Price IndexNation-Wide Distribution Network
* Sales Office | 365 | 371 |
Warehouse | 236 | 182 |
Wholesaler | 47,898 | 36,186 |
Direct Retailer | 210,366 | 185,789 |
* Sales Office: The statistics are based on middle-sized sales units located in prefecture-level cities
Production Lines
Instant Noodles | 163 | 165 |
Beverages | 408 | 425 |
Others | 13 | 14 |
©2021 Tingyi(Cayman Islands)Holding Corp., All rights reserved. |
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Tingyi (Cayman Islands) Holding Corp. published this content on 22 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 March 2021 08:44:07 UTC.