TINGYI (00322) released its interim results, with a profit attributable to shareholders of 2.433 billion yuan, an increase of 7.1% compared to the same period last year.

TINGYI (00322) announced its interim results for the six months ended June 30, 2026, reporting revenue of 40.545 billion yuan, a year-on-year increase of 1.1%; profit attributable to shareholders reached 2.433 billion yuan, an increase of 7.1% compared to the previous year; basic earnings per share were 0.4316 yuan. In the face of a complex and changing market environment, the group insists on a consumer-centered approach, coordinating the high-quality development of its two core businesses: instant noodles and beverages. The management team has established a pioneering spirit of Back to Day 1, promoting organizational youthfulness and agile decision-making to inject new momentum into growth. At the strategic level, the instant noodles business focuses on consolidating major products, capturing the major flavor segment, and nurturing innovative products, while the beverages business implements consolidating core products and developing innovative products. At the operational level, the group prioritizes customer orientation, leveraging data-driven insights and AI to enhance operational management efficiency; it also activates organizational vitality through incentive mechanism reform, building an efficient, agile, and sustainable growth system. In the first half of 2026, revenue from the instant noodles business was 13.733 billion yuan, a year-on-year increase of 2.0%, accounting for 33.9% of the groups total revenue. During the period, product structure adjustments led to a gross margin increase of 2.5 percentage points year-on-year to 30.3%. Driven by the increase in gross margin, the profit attributable to shareholders from the instant noodles business rose by 5.5% year-on-year to 1.003 billion yuan in the first half of 2026. In the first half of 2026, overall revenue from the beverages business was 26.541 billion yuan, a year-on-year increase of 0.7%, accounting for 65.5% of the groups total revenue. Product structure adjustments during the period led to a gross margin increase of 0.7 percentage points year-on-year to 38.4%. The increase in gross margin propelled the profit attributable to shareholders from the beverages business to rise by 10.7% year-on-year to 1.478 billion yuan in the first half of 2026.