香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對其準確性或完整性亦不發表任何聲明，並明 確表示，概不對因本公佈全部或任何部分內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 TINGYI (CAYMAN ISLANDS) HOLDING CORP. 康師傅控股有限公司* （在開曼群島註冊成立之有限公司） （股份編號：0322） 截至二零二五年六月三十日止六個月 業績公佈 摘要 | | | 截至6月30日止6個月 | | | | --- | --- | --- | --- | --- | | | 人民幣千元 | 2025年 | 2024年 | 變動 | | ‧ | 收益 | 40,092,163 | 41,201,208 | ↓2.7% | | ‧ | 毛利率(%) | 34.5% | 32.6% | ↑1.9個百分點 | | ‧ | 集團毛利 | 13,815,035 | 13,439,915 | ↑2.8% | | ‧ | 扣除利息、稅項、折舊及攤銷前盈利(EBITDA) | 5,450,637 | 4,824,605 | ↑13.0% | | ‧ | 本期溢利 | 2,6 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 康師傅控股有限公司 呈交日期: 2025年8月6日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00322 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 7,000,000,000 | USD | | 0.005 USD | | 35,000,000 | | 增加 / 減少 (-) | | | 0 | | | USD | | 0 | | 本月底結存 | | | 7,000,000,000 | USD | | 0.005 USD | | 35,000,000 | 本月底法定/註冊股本總額： USD 35,00 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內 容而引致之任何損失承擔任何責任。 TINGYI (CAYMAN ISLANDS) HOLDING CORP. 康師傅控股有限公司 * （在開曼群島註冊成立之有限公司） （股份編號：0322） 海外監管公告 公司秘書 葉沛森 香港，2025年8月4日 於本公告日期，本公司之執行董事為魏宏名先生、井田純一郎先生、魏宏丞先生、筱 原幸治先生、高橋勇幸先生及曾倩女士；本公司之獨立非執行董事為徐信群先生、栃尾雅也 先生及文暮良先生。 網址: http://www.masterkong.com.cn http://www.irasia.com/listco/hk/tingyi *僅供識別 康師傅控股有限公司臺灣存託憑證流通及兌回情形月報表 本公告是由康師傅控股有限公司 (「本公司」) 根據香港聯交所有限公司證券上市規則 第 13.10B 條而作出。 以下附件是本公司依臺灣證券交易所股份有限公司規定於2025年 8月4日在臺灣證券交易 所股份有限公司 ...

格隆汇7月30日丨康师傅控股(00322.HK)宣布，公司将于2025年8月11日(星期一)举行董事会会议，藉以 (其中包括)批准刊发公司及其附属公司截至2025年6月30日止六个月的中期业绩公告，以及考虑派发中 期股息(如适用)。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內 容而引致之任何損失承擔任何責任。 TINGYI (CAYMAN ISLANDS) HOLDING CORP. 公司秘書 葉沛森 香港，2025年7月30日 於本公告日期，本公司之執行董事為魏宏名先生、井田純一郎先生、魏宏丞先生、筱原幸治先生、 高橋勇幸先生及曾倩女士；本公司之獨立非執行董事為徐信群先生、栃尾雅也先生及文暮良先生。 （於開曼群島註冊成立之有限公司） （股份編號：0322） 董事會召開日期 康師傅控股有限公司「（本公司」）之董事會「（董事會」）宣佈，本公司將於2025年8月 11日（星期一）舉行董事會會議，藉以（其中包括）批准刊發本公司及其附屬公司截至 2025年6月30日止六個月之中期業績公告，以及考慮派發中期股息（如適用）。 承董事會命 康師傅控股有限公司 康師傅控股有限公司* * 僅供識別 網址： http://www.masterkong.com.cn http://www.irasia.com/listco/hk/ ...

Core Viewpoint - CICC maintains its profit forecast for Master Kong Holdings (00322) for 2025/26, with current trading at 14/13 times P/E for 2025/26, and a target price of HKD 14, corresponding to 17/16 times P/E for 2025/26, indicating a 21% upside potential, while maintaining an "outperform" rating [1] Group 1: Revenue and Market Share - For the first half of 2025, the company is expected to see a 2% decline in revenue, with both instant noodles and beverage segments experiencing similar declines [2] - The decline in instant noodles is attributed to price increases in July of the previous year, leading to a loss of market share, compounded by a weak macro consumption environment [2] - The company has initiated promotional activities in regional markets to stabilize market share, including increasing the quantity of classic series products without raising prices [2] Group 2: Profit Margin Improvement - The company is projected to achieve better-than-expected gross margin improvements due to price increases and a decrease in raw material costs such as PET, sugar, and flour [3] - Gross margin for instant noodles is expected to improve by 0.5-1 percentage points, while beverage gross margin is anticipated to rise by nearly 2 percentage points, leading to an overall gross margin increase of 1.5 percentage points [3] - Operating profit margin (OPM) is expected to improve by 1-1.5 percentage points, with net profit margin projected to increase by 0.8 percentage points, resulting in a 15% year-on-year growth in net profit, slightly above market expectations [3] Group 3: Long-term Investment Value - The company’s pricing strategy is seen as a short-term pressure on market share but is expected to benefit long-term profit margins and channel profitability [4] - New product launches, including vitamin juice and traditional health drinks, are anticipated to contribute positively to revenue growth [4] - The company aims to double its profits over the next 3-5 years from the 2023 baseline, with expectations of annual double-digit growth in profits and a 100% dividend payout, highlighting its long-term investment value [4]

Group 1 - Macquarie downgraded the rating of Master Kong Holdings to Neutral with a target price of HKD 13.80 [1]

Core Viewpoint - The "2025 World Brand Moganshan Conference" emphasized the importance of brand-driven high-quality development, with a focus on consumer-centric approaches and innovation as key drivers for success in the market [1][12]. Group 1: Company Overview - Master Kong has been recognized as a national brand for over 30 years, achieving a consumer penetration rate of 85% and being listed as a top consumer brand in China for 12 consecutive years [1][12]. - The company’s operational philosophy is centered around sincerity, pragmatism, and innovation, which has contributed to its sustained growth and consumer trust [1][12]. Group 2: Product Innovation - Master Kong is focusing on product innovation as a foundation for high-quality development, transitioning from "manufacturing" to "creation" through technological advancements and patent iterations [3][17]. - The introduction of "Fresh Q Noodles" utilizes a new generation of "0-fried" patented technology to enhance the texture and flavor of instant noodles, addressing consumer demands for taste and health [3][4]. - The "pH9.0 Electrolyzed Alkaline Water" product is developed without adding baking soda, using patented electrolytic processes to ensure a pure and smooth drinking experience, which has received international recognition [6][12]. Group 3: Food Safety and Quality Control - Master Kong has invested billions in establishing an international-level food safety research management center, conducting over 1,500 food safety monitoring indicators and more than 3.5 million quality inspections annually [15][17]. - The company is implementing a comprehensive traceability system from farm to table, enhancing food safety management and aiming to improve the quality of life for consumers [17]. Group 4: Global Market Expansion - The company is actively expanding its international market presence, having established operations in 16 countries and regions, and aims to represent Chinese culinary culture globally [18][20]. - Master Kong is collaborating with leading global companies like Pepsi, Starbucks, and Asahi to explore innovative business models and has been recognized by the United Nations for its sustainable food systems initiatives [20]. Group 5: Future Aspirations - Master Kong aims to continue its focus on innovation, green manufacturing, and quality control to enhance productivity and drive high-quality development across the industry [20]. - The company is committed to creating new value in healthy eating, guiding consumers towards a better quality of life through joyful dining experiences [20].

Financial Performance - The company's revenue for the year ended December 31, 2024, was RMB 80,650,914, an increase from RMB 80,418,075 in 2023, representing a growth of 0.29%[13] - Profit before taxation increased to RMB 6,059,654 in 2024, up from RMB 4,779,461 in 2023, marking a growth of 26.8%[13] - The profit attributable to owners of the company reached RMB 3,734,429 in 2024, compared to RMB 3,117,461 in 2023, reflecting a year-on-year increase of 19.7%[13] - The basic earnings per share for 2024 was reported at 66.28 RMB cents, compared to 55.33 RMB cents in 2023, indicating a significant increase[13] - For the full year 2024, the Group's revenue grew 0.3% year-on-year to RMB 80.651 billion[58] - EBITDA grew 17.3% year-on-year to RMB 9.628 billion[58] - Profit attributable to shareholders increased by 19.8% year-on-year to RMB 3.734 billion[58] - Basic earnings per share rose by RMB 10.95 cents to RMB 66.28 cents[58] Market Position and Strategy - The company's market capitalization as of December 31, 2024, was HK$57 billion[12] - The company aims to strengthen its logistics and sales network with the goal of becoming the largest group for Chinese instant food and beverages globally[12] - The company has established a strategic alliance with PepsiCo for the beverage business in China, enhancing its market position[9] - The company plans to enhance investment in product innovation, branding, and channel expansion to ensure robust operations through 2025[35] - The company aims to strengthen the emotional connection with young consumer groups through targeted marketing strategies[34] - The company is focused on integrating digital technologies to enhance operational efficiency and consumer engagement[34] Sales and Distribution - The group operates an extensive sales network with 357 sales offices and 271 warehouses, serving 67,215 wholesalers and 220,623 direct retailers as of December 31, 2024[11] - The number of direct retailers increased to 217,087 in 2023, up from 254,975 in 2022, indicating a strategic focus on refining channel operations[29] - The company reported a total of 76,875 wholesalers in 2023, a slight increase from 76,528 in 2022, indicating stable distribution channels[29] Product Performance - Revenue from instant noodles declined 1.3% year-on-year to RMB 28.414 billion, accounting for 35.2% of total revenue[60] - Revenue from beverages grew 1.3% year-on-year to RMB 51.621 billion, representing 64.0% of total revenue[60] - The gross profit margin for the instant noodles business improved by 1.6 percentage points to 28.6% year-on-year, which helped offset the revenue decline[65] - The beverage business generated a gross profit of RMB 18,236.19 million with a gross profit margin of 35.3%, reflecting an 11.5% increase in gross profit year-on-year[62] Innovation and Product Development - The Group introduced advanced aerospace food technology, becoming the first instant noodle company to obtain a patent for aerospace application, enhancing product quality and technological strength[69] - The "Fresh Q Noodles" set a new benchmark in the non-fried noodle market, leading industry innovation with its fresh and chewy texture[73] - The "Golden Stock Beef" flavor from the "Soup Chef" line received widespread consumer praise, indicating successful product innovation[73] - The "Master Kong Mini Bucket" product line targeted outdoor and midnight snack scenarios, achieving steady sales growth[70] - The "Sugar-free Jasmine Green Tea" was launched, made from 100% hand-picked Hengzhou jasmine, catering to the health-conscious consumer trend[80] Financial Management and Cash Flow - The Group generated a net cash inflow of RMB8.264 billion from operating activities and a net cash outflow of RMB2.856 billion from investing activities during the year[93] - As of December 31, 2024, the Group's bank deposits and cash amounted to RMB16.003 billion, an increase of RMB1.264 billion compared to December 31, 2023[94] - The Group's total assets and total liabilities were RMB53.149 billion and RMB35.534 billion respectively, with a debt ratio of 66.9%, down by 0.7 percentage points from the previous year[95] - The gearing ratio improved from -7.3% as of December 31, 2023 to -19.3% in the current period[95] Sustainability and ESG Initiatives - The company is committed to social responsibility, aiming to create lasting value for consumers and rich returns for shareholders[112] - The Sustainable Development Committee oversees the Group's ESG governance and performance, ensuring compliance with relevant laws and regulations[126] - Master Kong emphasizes sustainable development with a mission to promote Chinese food culture and aims to resonate its development with consumer interests[131] - The Company has identified five core ESG tasks: food safety construction, product responsibilities, energy conservation and environmental protection, win-win partnerships, and corporate contribution[133] - Master Kong actively promotes research projects on salt reduction, sugar reduction, fat reduction, and nutritional fortification to meet consumer health needs[141] Food Safety Management - The company has established a food safety management structure that includes various specialized groups to ensure comprehensive supervision of the food safety system[190] - Master Kong has implemented the Management Measures for Retrospective Withdrawal of Products to trace production factors and recover defective products promptly[190] - The company conducts over 1,500 food safety risk monitoring indicators and performs more than 3.5 million quality tests annually[189] - In 2024, there were no product recalls for safety and health reasons in products sold or shipped by Master Kong[192] Employee Development and Talent Management - The Group recruited over 3,500 fresh graduates and hosted nearly 1,000 college students for internships, enhancing its grassroots talent pool[105] - The Leadership Empowerment Center was launched in May 2024, focusing on empowering core talent in management and strategy[99] Awards and Recognition - Master Kong was selected for the 2024 Fortune China 500 List, reflecting its exceptional innovation capabilities and profitability[165] - The Chief Financial Office of Master Kong received the "Value Cooperation Partner" title from China Merchants Bank for its focus on digital financial innovation[167] - Master Kong was honored with two Forbes China 2024 ESG Awards for its achievements in product innovation and sustainable development[168]

Financial Performance - Revenue for the year ended December 31, 2024, was RMB 80,650,914 thousand, representing a 0.3% increase from RMB 80,418,075 thousand in 2023[2] - Gross profit margin improved to 33.1%, up by 2.7 percentage points from 30.4% in the previous year[2] - Group gross profit increased by 9.1% to RMB 26,695,643 thousand, compared to RMB 24,467,089 thousand in 2023[2] - EBITDA rose by 17.3% to RMB 9,627,802 thousand, up from RMB 8,206,526 thousand in 2023[2] - Net profit for the year was RMB 4,322,135 thousand, a 22.9% increase from RMB 3,516,667 thousand in 2023[2] - Profit attributable to shareholders increased by 19.8% to RMB 3,734,429 thousand, compared to RMB 3,117,461 thousand in 2023[2] - Basic earnings per share rose to RMB 66.28, an increase of 10.95 cents from RMB 55.33 in 2023[2] Cash and Equity - Cash and cash equivalents, including long-term deposits, amounted to RMB 16,002,668 thousand, an increase of RMB 1,264,287 thousand from the previous year[2] - Total equity increased to RMB 17,615,351 thousand in 2024 from RMB 17,222,244 thousand in 2023, representing a growth of 2.3%[11] - The company's issued share capital increased marginally from RMB 196,681 thousand in 2023 to RMB 196,684 thousand in 2024[11] - The reserve increased to RMB 13,244,526 thousand in 2024 from RMB 12,910,832 thousand in 2023, reflecting a growth of approximately 2.6%[11] Liabilities and Assets - Non-current liabilities decreased significantly from RMB 6,734,396 thousand in 2023 to RMB 3,110,279 thousand in 2024, a reduction of approximately 53.8%[11] - Current liabilities rose to RMB 32,423,225 thousand in 2024, up from RMB 29,193,014 thousand in 2023, indicating an increase of about 7.6%[11] - The company's total liabilities slightly decreased from RMB 35,927,410 thousand in 2023 to RMB 35,533,504 thousand in 2024, a decrease of about 1.1%[11] - The total assets for 2024 amounted to RMB 53,148,855 thousand, slightly down from RMB 53,149,654 thousand in 2023, showing a negligible decrease[34][36] Revenue Breakdown - Revenue from customer contracts for 2024 reached RMB 80,582,017 thousand, a slight decrease from RMB 80,348,163 thousand in 2023, representing a decline of approximately 0.3%[30][32] - The instant noodle business generated revenue of RMB 28.414 billion in 2024, a year-on-year decline of 1.3%, accounting for 35.2% of total group revenue[56] - The beverage segment achieved revenue of RMB 51.621 billion in 2024, a year-on-year growth of 1.3%, representing 64.0% of total group revenue[62] Operational Efficiency - The group's total revenue for 2024 increased by 0.3% to RMB 80.65 billion, with instant noodles revenue declining by 1.3% and beverage revenue growing by 1.3%[54] - The overall gross profit for the group increased by 9.1% to RMB 26.696 billion, with a gross profit margin of 33.1%, up 2.7 percentage points from the previous year[57] - The group's inventory turnover period improved to 17.6 days from 19.5 days year-on-year, indicating better inventory management[75] Product Innovation and Market Strategy - The company aims to enhance product innovation, brand building, and channel expansion in 2025[4] - The company introduced new products such as "Fresh Q Noodles," which set a new benchmark in the non-fried noodle market, and received positive consumer feedback[59] - The company is focusing on health-oriented products, launching sugar-free options and expanding product categories to enhance operational efficiency[62] - The company is actively optimizing its product mix and marketing strategies to adapt to changing consumer preferences and shopping behaviors[56] Sustainability and Social Responsibility - The company emphasizes a commitment to food safety and green development while supporting consumer aspirations for a better life[4] - The group is actively promoting sustainable development concepts through various consumer engagement initiatives, including partnerships with social media platforms[68] - The company has been recognized for its achievements in sustainable development, becoming a founding member of the UN Food Systems Committee and being listed among the "Top 20 Cases of 20 Years" by the UN Global Compact[82] Governance and Risk Management - The company has established a risk management framework based on the COSO model, ensuring effective internal controls and compliance with regulations[94] - The company will continue to enhance its governance practices to improve accountability and transparency, adhering to the Hong Kong Stock Exchange's corporate governance code[87] Dividends and Share Options - The company plans to distribute a special final dividend of RMB 0.3314 per share, totaling RMB 1.87 billion, and a final dividend of the same amount[46] - The board proposed a final dividend of RMB 0.3314 per ordinary share and a special final dividend of RMB 0.3314 per ordinary share for the year ending December 31, 2024, pending approval at the annual general meeting[107]