---
title: "Tingyi's Q3 revenue 18.863 billion yuan, instant noodle revenue slightly up 0.66%, market share declined?"
description: "Tingyi Holding (0322.HK) reported Q3 results showing a 4.19% year-on-year revenue decline to 18.863 billion yuan, but net profit attributable to shareholders rose 25.52% to 1.554 billion yuan. The company noted that the instant noodle and beverage industry still grew but at a slower pace, and it faces challenges from high raw material prices, financial market volatility, trade tensions, and exchange rate changes."
author: "New Distribution"
publisher: "New Distribution"
email: "zhaobo258@gmail.com"
telephone: "+8615854817671"
published: "2018-11-27"
language: "en"
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original_source: "https://mp.weixin.qq.com/s/OYp7BpoiwDjYfpmX85ttTQ"
translation: "https://xinjignxiao.com/zh/articles/%E5%BA%B7%E5%B8%88%E5%82%85%E4%B8%89%E5%AD%A3%E5%BA%A6%E8%90%A5%E6%94%B6188-63%E4%BA%BF-%E6%96%B9%E4%BE%BF%E9%9D%A2%E8%90%A5%E6%94%B6%E5%BE%AE%E5%A2%9E0-66-%E5%B8%82%E5%9C%BA%E4%BB%BD%E9%A2%9D%E4%B8%8B%E9%99%8D%E4%BA%86-58a45fa7.md"
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---

# Tingyi's Q3 revenue 18.863 billion yuan, instant noodle revenue slightly up 0.66%, market share declined?

> Tingyi Holding (0322.HK) reported Q3 results showing a 4.19% year-on-year revenue decline to 18.863 billion yuan, but net profit attributable to shareholders rose 25.52% to 1.554 billion yuan. The company noted that the instant noodle and beverage industry still grew but at a slower pace, and it faces challenges from high raw material prices, financial market volatility, trade tensions, and exchange rate changes.

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****This afternoon, Tingyi Holding (0322.HK), listed on the Hong Kong Stock Exchange, announced its third-quarter results. **The report shows that in the first three quarters, the company achieved revenue of 49.859 billion yuan, a year-on-year increase of 3.32%; net profit for the first three quarters was 2.861 billion yuan, a year-on-year increase of 47.58%.**
As the "profit growth weapon" in the second quarter, the effect of price increases seems to have weakened in the third quarter, and the effectiveness of the price hikes still needs market verification. **Tingyi stated that the instant noodle and beverage industry in which it operates continues to grow, but the year-on-year growth rate has slowed. In addition, high raw material prices, significant fluctuations in international financial markets, Sino-US trade frictions, and exchange rate changes still pose challenges to the company's development.**
It is understood that according to the financial report of Tingyi, the instant noodle and beverage giant, **in the third quarter, Tingyi's revenue was 18.863 billion yuan, a year-on-year decrease of 4.19%; net profit attributable to shareholders was 1.554 billion yuan, a year-on-year increase of 25.52%.**
The net profit growth in the third quarter was attributed to the company's continued optimization of product mix and product upgrades and price adjustments. The gross margin increased by 0.87 percentage points to 33.37%. In addition, the distribution cost ratio decreased by 0.32 percentage points year-on-year.
**Tingyi's old classmate Uni-President also released its first three quarters results not long ago. In the first three quarters, Uni-President's net profit was 1.113 billion yuan, a year-on-year increase of 19.09%.**
It is understood that at the third quarter results meeting, Uni-President China's management stated that the revenue growth of noodles and beverages in the third quarter slowed compared to the first half of the year. Among beverage categories, tea drinks, iced black tea, iced green tea, and milk tea grew relatively well, and packaged water also grew at a good pace. The weaker category was juice, which underwent some structural changes.
Its senior management believes that **one of the reasons for the slowdown in beverage growth is that the weather this year is not as good as last year, with more rainfall.**
However, it is hard to ignore that various tea shops on the streets are not afraid of the weather and are opening more and more stores. Compared with beverages affected by the weather, the trendy new-style tea drinks that emphasize innovation and iteration seem to maintain high popularity, and capital continues to enter (as shown in the figure below, source: China Merchants Securities April report).
**In fact, Uni-President China also admitted that although it sees the beverage market moving towards consumption upgrading, the company currently cannot see a clear path, and it is still laying out and slowly looking for growth points.**
In addition, the company's management also stated that its outlook for the beverage category next year is relatively conservative. Management adopts a restrictive growth strategy, hoping to maintain healthy revenue growth without significantly increasing promotional expenses.
Looking ahead to the fourth quarter, Tingyi stated that **considering the growth pressure faced by China's food and beverage industry in the second half of the year, as well as changes in consumer behavior under the new economic environment, the trend of channel fragmentation, and high raw material prices, it expects the instant noodle business to maintain steady development, while the beverage business will still face the pain of business model adjustment in the short term.**
The company will continue to promote product structure adjustment, making the consolidation of core categories and products the primary task, while gradually laying out the high-end market. In addition, it will continue to increase brand investment and brand building, optimize channel structure, and lay out diversified sales channels. In the third quarter of this year, Tingyi cooperated with multiple IPs such as Kung Fu Panda, Disney, and "Creation 101", and continued to leverage sports marketing such as marathons and NBA China Games, and cooperated with China's aerospace industry to enhance brand image.
**In addition, in terms of supply chain reform, in addition to asset-light and asset activation reforms, Tingyi will also promote the optimization of production line capacity layout and improve supply chain efficiency. At the same time, it will continue to streamline and flatten the organization and optimize the human resource structure.**
Compiled from the internet
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Event time: December 10-13
Event location: Wuhu, Nanjing, Changsha
Event schedule:
> Morning of December 10: Visit Three Squirrels headquarters + snack store
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> Afternoon of December 10: Visit Nanjing Squirrel small store
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> Evening of December 10: Visit Nanjing Master Gao Beer Workshop store
>
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> All day December 11: Nanjing-Changsha, or free arrangement
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> Morning of December 12: Community group buying exchange salon
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> Afternoon of December 12: Kaola Select Heroes League launch event
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**Organization form**
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