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 INTERIM RESULTS
A presentation in relation to the results of Tingyi (Cayman Islands) Holding Corp. and its subsidiaries for the Interim Results for the Six Months ended 30 June 2020 is appended to this announcement.
By order of the Board
Tingyi (Cayman Islands) Holding Corp.
Ip Pui Sum
Company Secretary
Hong Kong, 24 August 2020
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.cn http://www.irasia.com/listco/hk/tingyi
Tingyi Holding Corp.
1H2020 Interim Results
24 August 2020
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.
2 | ©2020 Tingyi(Cayman islands)Holding Corp., All right reserved. |
Financial Highlights
RMB in Million | 1H2020 | 1H2019 | YOY |
Revenue | 32,934 | 30,495 | 8.00% |
Gross Profit | 11,010 | 9,736 | 13.08% |
Gross Margin | 33.43% | 31.93% | 1.50ppt |
EBITDA | 5,167 | 4,154 | 24.37% |
Net Profit | 2,653 | 1,802 | 47.26% |
Profit Attributable to | 2,380 | 1,503 | 58.37% |
Owners of the Company | |||
Net Margin | 7.23% | 4.93% | 2.30ppt |
EPS (cents) | 42.33 | 26.74 | 15.59cents |
3 | ©2020 Tingyi(Cayman islands)Holding Corp., All right reserved. |
Revenue by Segment
Business Review
Revenue by Segment
Revenue Change | Revenue Structure | |||||||||||
1H2020 Vs. 1H2019 | 1H2020 Vs. 1H2019 | |||||||||||
35,000 | RMB in | |||||||||||
30,000 | ||||||||||||
Million | ||||||||||||
14,910 | ||||||||||||
25,000 | 11,544 | 45.27% | 37.85% | |||||||||
Instant | ||||||||||||
20,000 | ||||||||||||
15,000 | Noodles | |||||||||||
10,000 | 17,617 | 18,367 | Beverages | 53.49% | 60.23% | |||||||
5,000 | 407 | 584 | Others | 1.24% | 1.92% | |||||||
0 | ||||||||||||
1H2020 | 1H2019 | 1H2020 | 1H2019 | |||||||||
Revenue Change | Revenue Structure | |||||||||||
RMB in Million | 1H2020 | 1H2019 | YOY | 1H2020 | 1H2019 | YOY | ||||||
Instant Noodles | 14,910 | 11,544 | 29.16% | 45.27% | 37.85% | 7.42ppt | ||||||
Beverages | 17,617 | 18,367 | -4.09% | 53.49% | 60.23% | -6.74ppt | ||||||
Others | 407 | 584 | -30.22% | 1.24% | 1.92% | -0.68ppt | ||||||
Total | 32,934 | 30,495 | 8.00% | 100% | 100% |
4 | ©2020 Tingyi(Cayman islands)Holding Corp., All right reserved. |
Instant Noodle Revenue by Product
1H2020
Mid end Snack Noodle
Packet | & Others | |
8% | ||
Business Review | 1% | |
Revenue by | Bowl | |
46% |
1H2019 | |
Mid end | Snack Noodle |
Packet | & Others |
1% | |
9% | |
Bowl
Product | High end |
Packet | |
45% |
High end
Packet 40%
50%
RMB in Million | 1H2020 |
Bowl | 6,824 |
High end Packet | 6,797 |
Mid end Packet | 1,183 |
Snack Noodle & Others | 106 |
Total | 14,910 |
1H2019YOY
5,74918.71%
4,59847.84%
1,1156.16%
8227.35%
11,54429.16%
5 | ©2020 Tingyi(Cayman islands)Holding Corp., All right reserved. |
Beverage Revenue by Product
1H2020
1H2019
Business Review | 38% | |
CSD & Others | Tea | |
41% |
Revenue by
Product
JuiceWater
12%9%
RMB in Million | 1H2020 |
Tea7,241
Water1,542
Juice2,129
CSD & Others | 6,705 |
Total17,617
CSD & Others
34%
Juice
13%
1H2019
8,137
1,689
2,344
6,197
18,367
Tea
44%
Water
9%
YOY
-11.01%
-8.71%
-9.20%
8.20%
-4.09%
6 | ©2020 Tingyi(Cayman islands)Holding Corp., All right reserved. |
Net Profit
Business Review
Net Profit
RMB in Million
3000 | ||||||
2500 | ||||||
2000 | ||||||
1500 | ||||||
1000 | ||||||
500 | ||||||
0 | ||||||
17H1 | 17H2 | 18H1 | 18H2 | 19H1 | 19H2 | 20H1 |
Total | Instant Noodles | Beverages | ||||
RMB in Million | 1H2020 | 1H2019 | YOY | |||
Instant Noodles | 1,694 | 875 | 93.67% | |||
Beverages | 1,111 | 1,011 | 9.92% | |||
Others | -152 | -84 | -81.26% | |||
Total | 2,653 | 1,802 | 47.26% |
7 | ©2020 Tingyi(Cayman islands)Holding Corp., All right reserved. |
Profit Attributable to Owners of the Company
Business Review
Profit Attributable
to Owners of the
Company
RMB in Million
2500
2000
1500
1000
500
0
17H1 | 17H2 | 18H1 | 18H2 | 19H1 | 19H2 | 20H1 | ||||
Total | Instant Noodles | Beverages | ||||||||
RMB in Million | 1H2020 | 1H2019 | YOY | |||||||
Instant Noodles | 1,694 | 875 | 93.54% | |||||||
Beverages | 838 | 706 | 18.73% |
Others | -152 | -78 | -94.06% |
Total | 2,380 | 1,503 | 58.37% |
8 | ©2020 Tingyi(Cayman islands)Holding Corp., All right reserved. |
Gross Margin
Business Review
Gross Margin %
Gross Margin %
37
35
33
31
29
27
25
17H1 | 17H2 | 18H1 | 18H2 | 19H1 | 19H2 | 20H1 | ||||
Total | Instant Noodles | Beverages | ||||||||
% | 1H2020 | 1H2019 | YOY | |||||||
Instant Noodles | 30.35 | 28.16 | 2.19ppt | |||||||
Beverages | 35.78 | 34.24 | 1.54ppt | |||||||
Others | 44.53 | 33.66 | 10.87ppt | |||||||
Total | 33.43 | 31.93 | 1.50ppt |
9 | ©2020 Tingyi(Cayman islands)Holding Corp., All right reserved. |
EBIT Margin
Business Review
EBIT Margin %
EBIT Margin %
15
10
5
0
17H1 | 17H2 | 18H1 | 18H2 | 19H1 | 19H2 | 20H1 | ||||
Total | Instant Noodles | Beverages | ||||||||
% | 1H2020 | 1H2019 | YOY | |||||||
Instant Noodles | 14.20 | 9.51 | 4.69ppt | |||||||
Beverages | 8.11 | 7.40 | 0.71ppt | |||||||
Others | 6.37 | 9.28 | -2.91ppt | |||||||
Total | 10.85 | 8.24 | 2.61ppt |
10 | ©2020 Tingyi(Cayman islands)Holding Corp., All right reserved. |
ROA and ROE Up due to Profit Growth
Business Review
Financial Index
RMB in Million
ROA
(Annualized)
ROE
(Annualized)
Current Ratio
Gearing Ratio
A/R Turnover/Days
Finished Goods Turnover/Days
1H2020 | 1H2019 | YOY |
11.74% | 9.25% | 2.49ppt |
25.02% | 15.67% | 9.35ppt |
0.86 | 0.86 | 0.00 |
-45.62% | -33.08% | -12.54ppt |
9.48 | 11.30 | -1.82days |
17.90 | 14.23 | 3.67days |
11 | ©2020 Tingyi(Cayman islands)Holding Corp., All right reserved. |
Material Price Index
1H/17=100 | ||||||
140 | ||||||
130 | ||||||
120 | ||||||
110 | 108 | |||||
100 | 96 | 93 | ||||
90 | 92 | |||||
84 | ||||||
80 | 77 | |||||
80 | ||||||
70 | 74 | |||||
60 | ||||||
17H1 | 17H2 | 18H1 | 18H2 | 19H1 | 19H2 | 20H1 |
PET Resin | Palm Oil | Flour | Sugar |
12 | ©2020 Tingyi(Cayman islands)Holding Corp., All right reserved. |
Nation-Wide Distribution Network
As at 30/6/2020 | As at 31/12/2019 | |
* Sales Office | 367 | 371 |
Warehouse | 203 | 182 |
Wholesaler | 41,648 | 36,186 |
Direct Retailer | 188,446 | 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 |
13 | ©2020 Tingyi(Cayman islands)Holding Corp., All right reserved. |
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Disclaimer
Tingyi (Cayman Islands) Holding Corp. published this content on 24 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 August 2020 08:49:08 UTC