Tingyi H1 Revenue Up 1.1% to RMB 40.545 Billion; Uni-President China Up 1.4% to RMB 17.321 Billion

Tingyi Holding released its first-half 2026 results on August 11, 2026. Revenue was approximately RMB 40.545 billion, up 1.1% year on year. Profit attributable to shareholders was RMB 2.433 billion, up 7.1%; adjusted profit was RMB 2.433 billion, up 15.2%. Gross margin reached 35.8%, up 1.3 percentage points from the same period of 2025. Beverage is the group's largest revenue segment. First-half revenue was RMB 26.541 billion, up 0.7%, accounting for 65.5% of total revenue. Beverage gross margin rose 0.7 percentage points to 38.4%, and net profit attributable to shareholders rose 10.7% to RMB 1.478 billion. By category: tea revenue was RMB 11.640 billion, up 9.1%; packaged water revenue was RMB 2.259 billion, down 4.9%; juice revenue was RMB 2.572 billion, down 13%; carbonated soft drinks and other beverages revenue was RMB 10.070 billion, down 2.8%. Instant noodles, the second-largest segment, posted first-half revenue of RMB 13.733 billion, up 2.0%, representing 33.9% of total revenue. Segment gross margin rose 2.5 percentage points to 30.3%, and profit attributable to shareholders was RMB 1.003 billion, up 5.5%. By product: premium bagged noodles revenue was RMB 5.259 billion, up 3.3%; mid-priced bagged noodles revenue was RMB 1.410 billion, up 2.8%; snack noodles and other small categories revenue was RMB 250 million, up 7.8%; cup noodles revenue was RMB 6.814 billion, up 0.6%. Other businesses generated first-half revenue of RMB 271 million, up 1.0%, only 0.6% of total revenue, and recorded a loss attributable to shareholders of RMB 48 million, with the loss widening. Uni-President China disclosed its first-half 2026 results on August 6: revenue was RMB 17.321 billion, up 1.4%, and net profit attributable to the parent was RMB 1.402 billion, up 9%. Its beverage segment revenue was RMB 10.751 billion, a slight decline of 0.3%, the first negative growth in an interim report in five years; food business revenue was RMB 5.634 billion, up 4.7%, accounting for 32.5% of total revenue. As of the close on August 11, Tingyi Holding shares traded at HKD 11.440, down 2.31%, for a total market capitalization of HKD 64.492 billion; Uni-President China closed at HKD 7.9, down 0.13%, with a market capitalization of HKD 34.123 billion.