Tingyi (Cayman Islands) Holding Corp.

Tingyi (Cayman Islands) Holding Corp. (TCYMF) is a leading Chinese packaged foods and beverage company founded in 1992 and headquartered in Shanghai, PRC, best known for its iconic "Master Kong" brand. The company manufactures and distributes instant noodles, ready-to-drink teas, juices, bottled water, carbonated soft drinks, and other convenience food products across China, operating through its Instant Noodles, Beverages, and Others segments. Since 2012, Tingyi has served as PepsiCo's exclusive manufacturer and distributor of non-alcoholic beverages in China through a strategic alliance, further cementing its dominance in the domestic beverage market. For the fiscal year ended December 31, 2025, the Group reported revenue of RMB 79.1 billion, with profit attributable to shareholders rising 20.5% year-on-year to RMB 4.5 billion, underpinned by a gross profit margin of 34.8%.