Tingyi (Cayman Islands) Holding Corp. reported solid interim results for the six months ended 30 June 2026, with profit for the period climbing 7.5% year-on-year (YoY) to RMB 2.89 billion. Profit attributable to shareholders reached RMB 2.43 billion, up 7.1%, while adjusted attributable profit—excluding one-off asset disposals—advanced 15.2% to the same level.

Revenue edged up 1.1% YoY to RMB 40.54 billion, driven by balanced performance in the Group’s two core divisions: • Instant Noodles posted sales of RMB 13.73 billion (+2.0% YoY), contributing 33.9% of total revenue. • Beverages generated RMB 26.54 billion (+0.7% YoY), accounting for 65.5% of the top line.

Group gross margin expanded 1.3 percentage points to 35.8%, reflecting product-mix optimisation in both segments. Instant Noodles’ margin improved 2.5 percentage points to 30.3%, while Beverages gained 0.7 percentage points to 38.4%. EBITDA increased 3.6% YoY to RMB 5.64 billion.

Operating costs remained tightly controlled; distribution expenses held flat at 22.8% of revenue and administrative expenses accounted for 3.8%. Finance costs dipped 2.5% to RMB 157.28 million. Basic earnings per share rose to RMB 43.16 cents from RMB 40.30 cents.

Balance-sheet strength improved further. Cash and bank balances (including long-term time deposits) stood at RMB 23.67 billion, up RMB 4.18 billion versus end-2025, driven by a net operating cash inflow of RMB 3.34 billion. Net cash position widened to RMB 6.28 billion, and the gearing ratio improved to –48.6%. Total assets reached RMB 59.97 billion, while the debt ratio increased to 72.9% due to higher short-term borrowings and payables.

Working-capital metrics remained healthy: inventory days shortened to 14.6 from 16.3, and trade-receivable days ticked up slightly to 7.7. The current ratio improved to 0.8 from 0.7.

The Board did not declare an interim dividend.

Management believes ongoing product premiumisation, health-oriented innovation and omni-channel expansion will underpin the company’s high-quality growth strategy in the second half of 2026.