Core Viewpoint - Hong Kong serves as a global financial hub, providing a bridge for mainland enterprises to connect with global capital, showcasing resilience amid challenges like U.S. interest rate hikes and geopolitical tensions [1] Group 1: Company Overview - Nissin Foods Holdings Co., Ltd. is a leading instant noodle company listed on the Hong Kong Stock Exchange since December 2017, focusing on the high-end instant noodle market in Greater China [2][3] - The company operates five flagship brands in Hong Kong, including "合味道" and "出前一丁," and has expanded its product offerings to include frozen foods, beverages, and snacks [2][3] - Nissin Foods has established production bases in various regions, including mainland China, where it holds a strong market share in high-end instant noodles [3] Group 2: Market Expansion Strategy - The company aims to expand into inland China and diversify its product offerings, capitalizing on the growing domestic consumption market [5][6] - Recent acquisitions include a 67% stake in a Vietnamese factory and the purchase of a South Korean snack producer, enhancing product variety and market presence [6] - The company is also exploring opportunities in overseas markets like Vietnam, South Korea, and Australia to drive growth [6] Group 3: Sales and Financial Performance - In the first quarter, the company reported a revenue increase of 11.3% year-on-year, with a gross profit margin of 35.1% [13] - Revenue from Hong Kong and other regions grew by 15.2%, driven by strong performance in the instant noodle segment and recovery in non-noodle businesses in South Korea and Australia [13] - The company maintains a healthy balance sheet with HKD 1.4 billion in cash and no debt, indicating robust financial health [14] Group 4: Investor Relations and Market Recognition - The company's investor relations (IR) team has effectively communicated corporate value and engaged with over 340 institutional investors annually [18][19] - Nissin Foods has received multiple awards for excellence in investor relations, reflecting strong market recognition and trust [20] - The IR team has organized various events to enhance market understanding of the company's strategies and operations, fostering transparent communication with investors [19][20]

编辑：竺天 审核： Single 来源：新消费智库 新消费导读 "方便面鼻祖"入华40年后"水土不服"。 这是新消费智库第 2 6 2 0 期文章 作者 ： l y y 日清，号称 "泡面鼻祖"， 它曾 在中国市场把 一杯泡面 打造成了 " 精致速食 " 。 早在 1984 年便进入香港开展业务， 1994 年开始在 内地扩张，在广东顺德建厂。几十年来，日清凭借让中国消费者耳目一新的产品体验，受到消费者的青睐，营收一度超过 40 多亿港元， 却 又在短短三年间， 尽显颓势 。 被称为 "泡面鼻祖"的日清食品近期发布的 2024 财年年报 显示， 2024 年 1 月 1 日 -2024 年 12 月 31 日 ，日清食品 实现营业收入 38.12 亿港元，同比下降 0.56% 。 这是日清食品自 2022 年实现 40.25 亿港元营收之后，连续第二年收入下滑。 尽管报告期内日清食品毛利率小幅提升至 34.4% ，但净利润大幅下滑了 39.1% ，仅为 2.01 亿港元，净利润率下滑至 5.3% 。 在报告期内，日清食品报告期内，公司计提了约 1.359 亿港元的非现金减值，其中包括中国内地及香港长寿面、非油 ...