Tingyi (Cayman Islands) Holding Corp.

16.40 HKD
-0.26
-1.56%

China
Apr 20, 2018
Ticker
HKG(322)
Prev. close
16.66
Market cap (HKD)
93,576.40M
Market cap (USD)
11,926.60M
Shares
5,616.83M

In the news

Hong Kong shares edge higher with earnings in focus Mar 20, 2018
Nissin moving fast to win China's instant noodle battle Jan 6, 2018
With IPO, Nissin prepped to push premium noodles in China Dec 12, 2017
Japan's Asahi heads for record profit as stock hits high Nov 15, 2017
Hong Kong stocks dip as mainland companies fall for second day Nov 14, 2017

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

Tingyi (Cayman Islands) Holding Corp. engages in the production and distribution of instant noodles, beverages, and instant food products. It also manufactures, bottles, packages, distributes, and sells PepsiCo nonalcoholic drinks in the PRC. The company was founded in 1992 and is headquartered in Shanghai, China.

Financial Highlights

Dec 2017	HKD	USD
Revenue	67,978.84M	8,723.26M
Gross Profit	19,986.31M	2,564.71M
Operating income	4,474.28M	574.15M
Income before tax	3,912.11M	502.01M
Net income	2,097.55M	269.16M
EBITDA	8,531.71M	1,094.81M
Diluted EPS	0.37	0.04
Dividends Per Share	0.19	0.02
Total Assets	64,943.07M	8,307.60M
Total liabilities	38,180.29M	4,884.07M
Total equity	22,102.69M	2,827.40M
Operating cash flow	8,125.58M	1,042.70M
	Currency in HKD	Currency in USD

Historical Data

HKD | USD

	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017
Revenue	84,865.39M	79,392.29M	70,570.20M	64,986.22M	67,978.84M
Gross Profit	25,668.63M	24,173.55M	22,478.12M	20,337.16M	19,986.31M
Operating income	4,486.51M	5,504.28M	5,409.55M	4,364.92M	4,474.28M
Income before tax	5,607.97M	5,378.40M	3,655.32M	2,885.95M	3,912.11M
Net income	3,168.92M	3,105.61M	1,987.29M	1,373.05M	2,097.55M
EBITDA	7,995.13M	9,031.80M	9,555.87M	8,755.18M	8,531.71M
Diluted EPS	0.56	0.55	0.35	0.24	0.37
Dividends Per Share	0.28	0.27	0.17	0.12	0.19
Total Assets	65,320.07M	71,391.59M	65,732.94M	63,091.17M	64,943.07M
Total liabilities	34,875.85M	39,630.33M	35,551.83M	36,190.43M	38,180.29M
Total equity	22,333.06M	23,524.77M	22,545.64M	20,313.09M	22,102.69M
Operating cash flow	9,892.10M	4,263.91M	6,370.08M	9,192.36M	8,125.58M

	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017
Revenue	10,940.99M	10,237.98M	9,102.81M	8,371.86M	8,723.26M
Gross Profit	3,309.24M	3,117.28M	2,899.44M	2,619.93M	2,564.71M
Operating income	578.40M	709.80M	697.77M	562.31M	574.15M
Income before tax	722.98M	693.56M	471.49M	371.78M	502.01M
Net income	408.54M	400.48M	256.34M	176.88M	269.16M
EBITDA	1,030.74M	1,164.69M	1,232.60M	1,127.88M	1,094.81M
Diluted EPS	0.07	0.07	0.04	0.03	0.04
Dividends Per Share	0.03	0.03	0.02	0.01	0.02
Total Assets	8,424.32M	9,206.05M	8,481.50M	8,137.48M	8,307.60M
Total liabilities	4,497.93M	5,110.39M	4,587.24M	4,667.83M	4,884.07M
Total equity	2,880.29M	3,033.55M	2,909.05M	2,619.97M	2,827.40M
Operating cash flow	1,275.30M	549.85M	821.67M	1,184.20M	1,042.70M

Valuation Measures

Dec 2017
PER	40.61
ROA	3.27%
ROE	9.89%
Operating margin	6.58%
Profit margin	3.08%

Key executives

Chief Executive Officer: Chun-Hsien Wei
Chief Financial Officer: Kuo Wei Liu
Chief Research & Development Officer: Richard Chen
Chief of Staff: Jammy Xu
Chief Auditor: Wilson Wu

Shareholders

Sanyo Foods Co., Ltd. (Tokyo) (33.5%)
WEI FAMILY (33.5%)
Genesis Investment Management LLP (2.7%)
Eastspring Investments (Singapore) Ltd. (1.4%)
Hermes Investment Management Ltd. (1.1%)
Invesco Hong Kong Ltd. (0.9%)
The Vanguard Group, Inc. (0.8%)
BlackRock Fund Advisors (0.6%)
Norges Bank Investment Management (0.6%)
Massachusetts Financial Services Co. (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

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

Asahi Group Holdings,Ltd.

Last Updated on 20 Apr, 2018

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Tingyi (Cayman Islands) Holding Corp.

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