Tingyi (Cayman Islands) Holding Corp.

Tingyi (Cayman Islands) Holding Corp. (0322.HK) is a leading Chinese investment holding company primarily engaged in the manufacture and sale of instant noodles, beverages, and convenience food products in the People's Republic of China under its well-known "Master Kong" brand. The company operates through three segments — Instant Noodles, Beverages, and Others — offering a broad portfolio that includes ready-to-drink teas, juices, bottled water, carbonated soft drinks, and coffee and functional beverages, with the beverage business further strengthened by an exclusive strategic alliance with PepsiCo in China since 2012. Founded in 1992 and listed on the Hong Kong Stock Exchange in 1996, Tingyi maintains an extensive nationwide sales network of over 340 sales offices and 341 warehouses, serving tens of thousands of wholesalers and direct retailers across China. For the first half of 2025, the company reported revenue of RMB 40.1 billion, with gross profit margin expanding to 34.5% and profit attributable to shareholders rising 20.5% year-on-year, reflecting sustained operational resilience and continued product innovation.