Tingyi (Cayman Islands) Holding Corp.
- 12.52 HKD
- +0.02
- +0.16%
China
Aug 21, 2019Ticker
HKG(322)Prev. close
12.50Market cap (HKD)
70,292.32MMarket cap (USD)
8,962.76MShares
5,623.38M
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- Nissin moving fast to win China's instant noodle battle Jan 6, 2018 See more articles on Tingyi (Cayman Islands) Holding Corp.
Company Background
Tingyi (Cayman Islands) Holding is a major Taiwan-based food and beverage maker. It is a subsidiary of Taiwan's Ting Hsin International Group, which operates businesses in such fields as retailing, telecommunications and property development.
In China, Tingyi instant noodle products control nearly half the market. In beverages, its ready-to-drink teas, such as those under its Master Kong brand, account for at least 50% of the market, and its Fresh Daily C juice has a share of over 20% of the juice market. Its carbonated drinks hold the second-largest share in China after Coca-Cola of the U.S.
The conglomerate was established in Tianjin, China, in 1991. It started making instant noodles in 1992 and formally launched its beverage business in 1996. In 2012, it acquired the Chinese carbonated-beverages unit of U.S. company PepsiCo.
In 2015, the company agreed to manufacture and distribute ready-to-drink products for U.S. coffee giant, Starbucks, throughout mainland China.
As of the end of 2014, it had 582 sales offices and 77 warehouses in China supplying products to about 120,000 retailers.
Tingyi also has strong corporate links with Japan. Trading house Itochu and Asahi Group Holdings, which owns Asahi Breweries, hold stakes of 18.7% and 6.5%, respectively, in Ting Hsin International, while Tingyi is one-third owned by Japan's Sanyo Foods, a major instantnoodle maker.
Asahi Group Holdings also owns 30.4% of Tingyi-Asahi Beverages Holding, a subsidiary of Tingyi Holding that also operates joint ventures with other Japanese players, such as ketchup maker Kagome and major snack maker Calbee.
Business Summary
Financial Highlights
| Dec 2018 | HKD | USD |
| Revenue | 71,879.34M | 9,171.15M |
| Gross Profit | 22,170.28M | 2,828.72M |
| Operating income | 5,498.54M | 701.56M |
| Income before tax | 4,713.33M | 601.37M |
| Net income | 2,917.69M | 372.27M |
| EBITDA | 9,312.27M | 1,188.16M |
| Diluted EPS | 0.51 | 0.06 |
| Dividends Per Share | 0.50 | 0.06 |
| Total Assets | 60,441.97M | 7,719.92M |
| Total liabilities | 33,515.36M | 4,280.73M |
| Total equity | 22,411.98M | 2,862.55M |
| Operating cash flow | 8,693.90M | 1,109.26M |
| Currency in HKD | Currency in USD |
Historical Data
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | |
| Revenue | 79,392.29M | 70,570.20M | 64,986.22M | 67,978.84M | 71,879.34M |
| Gross Profit | 24,173.55M | 22,478.12M | 20,337.16M | 19,986.31M | 22,170.28M |
| Operating income | 5,504.28M | 5,409.55M | 4,364.92M | 4,474.28M | 5,498.54M |
| Income before tax | 5,378.40M | 3,655.32M | 2,885.95M | 3,912.11M | 4,713.33M |
| Net income | 3,105.61M | 1,987.29M | 1,373.05M | 2,097.55M | 2,917.69M |
| EBITDA | 9,031.80M | 9,555.87M | 8,755.18M | 8,531.71M | 9,312.27M |
| Diluted EPS | 0.55 | 0.35 | 0.24 | 0.37 | 0.51 |
| Dividends Per Share | 0.27 | 0.17 | 0.12 | 0.19 | 0.50 |
| Total Assets | 71,391.59M | 65,732.94M | 63,091.17M | 64,943.07M | 60,441.97M |
| Total liabilities | 39,630.33M | 35,551.83M | 36,190.43M | 38,180.29M | 33,515.36M |
| Total equity | 23,524.77M | 22,545.64M | 20,313.09M | 22,102.69M | 22,411.98M |
| Operating cash flow | 4,263.91M | 6,370.08M | 9,192.36M | 8,125.58M | 8,693.90M |
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | |
| Revenue | 10,237.98M | 9,102.81M | 8,371.86M | 8,723.26M | 9,171.15M |
| Gross Profit | 3,117.28M | 2,899.44M | 2,619.93M | 2,564.71M | 2,828.72M |
| Operating income | 709.80M | 697.77M | 562.31M | 574.15M | 701.56M |
| Income before tax | 693.56M | 471.49M | 371.78M | 502.01M | 601.37M |
| Net income | 400.48M | 256.34M | 176.88M | 269.16M | 372.27M |
| EBITDA | 1,164.69M | 1,232.60M | 1,127.88M | 1,094.81M | 1,188.16M |
| Diluted EPS | 0.07 | 0.04 | 0.03 | 0.04 | 0.06 |
| Dividends Per Share | 0.03 | 0.02 | 0.01 | 0.02 | 0.06 |
| Total Assets | 9,206.05M | 8,481.50M | 8,137.48M | 8,307.60M | 7,719.92M |
| Total liabilities | 5,110.39M | 4,587.24M | 4,667.83M | 4,884.07M | 4,280.73M |
| Total equity | 3,033.55M | 2,909.05M | 2,619.97M | 2,827.40M | 2,862.55M |
| Operating cash flow | 549.85M | 821.67M | 1,184.20M | 1,042.70M | 1,109.26M |
Valuation Measures
| Dec 2018 | |
| PER | 20.13 |
| ROA | 4.65% |
| ROE | 13.10% |
| Operating margin | 7.64% |
| Profit margin | 4.05% |
Key executives
- Chief Executive Officer: Chun-Hsien Wei
- Chief Financial Officer: Kuo Wei Liu
- Chief Research & Development Officer: Richard Chen
- Chief Customer & Marketing Officer: Joey Chen
- Chief Administrative Officer: Jammy Xu
Shareholders
- Sanyo Foods Co., Ltd. (Tokyo) (33.4%)
- WEI FAMILY (33.4%)
- Eastspring Investments (Singapore) Ltd. (1.2%)
- Hermes Investment Management Ltd. (0.9%)
- Massachusetts Financial Services Co. (0.9%)
- The Vanguard Group, Inc. (0.9%)
- LGM Investments Ltd. (0.7%)
- BlackRock Fund Advisors (0.7%)
- APG Asset Management NV (0.5%)
- Genesis Investment Management LLP (0.5%)
Contact Details
- Website:http://www.masterkong.com.cn
- Address: 1688 Wuzhong Road, Minhang District, Shanghai, 201103, China
- Phone: +852 2511 1911
Related Companies
- Fumanduo Investment Co., Ltd.
- Master Kong Beverages (BVI) Co. Ltd.
- Yangzhou Tingjin Food Co. Ltd.
- Chengdu PepsiCo Beverages Co. Ltd.
- Tingquan (Cayman) Holding Ltd.
- China Dingya Holding Ltd.
- Master Kong Instant Foods Investment (China) Co., Ltd.
- Guangzhou Tingyi Food Co., Ltd.
- Master Kong Bakery (BVI) Co., Ltd.
- Shanghai Tingtong Logistics Co. Ltd.
- Tingyi-Asahi Beverages Holding Co., Ltd.
- Wuhan Tingyi Food Co. Ltd.
- Chongqing Tingyi Food Co. Ltd.
- Chuan-Kang Co. Ltd.
- Kang Chun Co. Ltd.
Competitors
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Last Updated on 21 Aug, 2019