Tingyi Holdings Reports Improved Gross Margin and EBITDA

Tingyi (Cayman Islands) Holding Corp. reported its interim financial results for the six months ended June 30, 2025. The company's revenue decreased by 2.7% year-on-year to RMB40.092 billion. Despite the revenue dip, the gross margin expanded by 1.9 percentage points to 34.5%, and EBITDA increased by 13.0% to RMB5.451 billion.

The company attributed the improved profitability to sustained optimization of its product portfolio and operational efficiencies. Net profit attributable to owners of the Company grew by 20.5% to RMB2.271 billion, reflecting the enhanced gross margin.

Within the results, revenue from Instant Noodles was RMB13.465 billion, while Beverages revenue stood at RMB26.359 billion. The Instant Noodles segment saw its gross profit margin increase by 0.7 percentage points to 27.8%, driven by product upgrades and price adjustments. Profit attributable to shareholders from this segment rose by 11.9%.

Tingyi noted that China's economy continued its development momentum, with a diversifying consumer market. Consumers are balancing health and enjoyment, personalization, and mainstream choices, with increasing emphasis on quality and differentiated experiences. The company highlighted trends in instant retail channels, preference-based e-commerce, and the expansion of discount and membership stores as key drivers.