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Nissin Foods Achieves Steady 2022 Q1 Financial Results

Retrieved on: 
Friday, May 13, 2022

HONG KONG, May 13, 2022 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods" or the "Company", and together with its subsidiaries, the "Group"; Stock code: 1475) today announced its unaudited first quarter financial information for the three months ended 31 March 2022 ("the Reporting Period").

Key Points: 
  • HONG KONG, May 13, 2022 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods" or the "Company", and together with its subsidiaries, the "Group"; Stock code: 1475) today announced its unaudited first quarter financial information for the three months ended 31 March 2022 ("the Reporting Period").
  • Gross profit margin was 31.3% (2021: 32.1%), mainly a result of the increased prices of raw materials and other production costs.
  • Revenue from Hong Kong operations increased by 6.6% YoY to HK$357.9 million due to a surge in demand of bag-type instant noodles.
  • Mr Kiyotaka ANDO, Executive Director, Chairman and Chief Executive Officer of Nissin Foods, said, "With the COVID-19 epidemic prevailing, people's livelihood and economic recovery have been surrounded with uncertainties.

China Risun's 2021 Annual Profit Attributable to Owners Ups 58.1% to RMB2.61 billion

Retrieved on: 
Monday, March 28, 2022

Profit attributable to owners up 58.1% to RMB2.61 billion, achieving a 3-year consecutive growth since its listing in 2019.

Key Points: 
  • Profit attributable to owners up 58.1% to RMB2.61 billion, achieving a 3-year consecutive growth since its listing in 2019.
  • Revenue for the year ended 31 December 2021 was RMB38.4 billion, representing an increase of 94.2% year-on-year.
  • In 2021, the price of coke reached a record high in China, and the profitability of the industry continued to improve.
  • As the core profit source of China Risun, the coke business performed very well.

Nissin Foods Announces 2021 Annual Results, Financial Performance Exceeds High 2020 Baseline

Retrieved on: 
Tuesday, March 22, 2022

The Group's EBITDA grew by 6.0% YoY to HK$604.1 million (2020: HK$570.0 million), representing an EBITDA margin of 15.6% (2020: 16.2%).

Key Points: 
  • The Group's EBITDA grew by 6.0% YoY to HK$604.1 million (2020: HK$570.0 million), representing an EBITDA margin of 15.6% (2020: 16.2%).
  • Profit attributable to owners of the Company increased by 0.6% YoY to HK$303.8 million (2020: HK$301.9 million), representing a net profit margin of 7.9% (2020: 8.6%).
  • Revenue in the Mainland China operations recorded strong growth in the review year, surpassing the high baseline set in 2020.
  • Consequently, the Group's 2021 financial performance has been able to exceed the high baseline set in 2020.

TCL Electronics (01070.HK) Revenue in 2021 Increased by 46.9% YoY to HK$74.85 Billion

Retrieved on: 
Friday, March 11, 2022

Global Revenue from TCL Smart Screen Display Business Increased by 24.3% YoY to HK$49.27 Billion, Ranking No.

Key Points: 
  • Global Revenue from TCL Smart Screen Display Business Increased by 24.3% YoY to HK$49.27 Billion, Ranking No.
  • However, the global market share of TCL smart screen continued to increase to 11.5%[2] in 2021, firmly ranking No.
  • Seen from regional markets, the sales revenue of TCL smart screen in North American markets increased by 24.8% year-on-year.
  • In 2021, the Company's revenue from all-category sales and marketing increased by 70.7% year-on-year to HK$6.37 billion.

CES USA 2022: TCL Electronics and Dispelix Present Key Enabling Technologies for Augmented Reality Glasses

Retrieved on: 
Wednesday, January 19, 2022

TCL Electronics presented their latest smart glasses technology, providing a total solution with small form factor and full vivid color image quality on the thinnest waveguide available.

Key Points: 
  • TCL Electronics presented their latest smart glasses technology, providing a total solution with small form factor and full vivid color image quality on the thinnest waveguide available.
  • Dispelix (Finland), the global leader of waveguide displays, and TCL Electronics, the global electronics provider, co-develop cutting edge solution with customized waveguide and full color microLED, offering smartglasses with Augmented Reality support, which means they can add layers of digital information over the user's vision through the glasses.
  • PwC estimates that Augmented Reality will add over 1 trillion USD to the global economy by 2030.
  • Dispelix is a waveguide designer and manufacturer that delivers visionary augmented and mixed reality see-through displays for consumer and enterprise solutions.

TCL Electronics Seeks to Build "Smart Home Ecosystem" Pursuing "AI x IoT" Development Strategy with a Full Range of Products

Retrieved on: 
Thursday, January 6, 2022

As a leading global consumer electronics company, TCL Electronics is committed to driving development with technological innovation, and has been a step ahead when it comes to Mini LED display technology.

Key Points: 
  • As a leading global consumer electronics company, TCL Electronics is committed to driving development with technological innovation, and has been a step ahead when it comes to Mini LED display technology.
  • In addition, the TCL Mini LED 8K smart screens were awarded the "Best of Innovation" by CES 2022.
  • TCL Electronics is the only diversified consumer electronics company within the industry in China with vertically integrated supply chain.
  • For more information, please visit the website of investor relations of TCL Electronics: http://electronics.tcl.com , or TCL Electronics Investor Relations WeChat Page.

Nissin Foods Announces Price Revision in Mainland China, Effective 1 March 2022

Retrieved on: 
Wednesday, January 5, 2022

HONG KONG, Jan 5, 2022 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods", and together with its subsidiaries, the "Group"; Stock code: 1475) will adjust the ex-factory price of its key instant noodle products in Mainland China, effective 1 March 2022.

Key Points: 
  • HONG KONG, Jan 5, 2022 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods", and together with its subsidiaries, the "Group"; Stock code: 1475) will adjust the ex-factory price of its key instant noodle products in Mainland China, effective 1 March 2022.
  • The most recent price adjustments by Nissin Foods on its instant noodles in Mainland China was over a decade ago in 2011.
  • Effective 1 March 2022, Nissin Foods will increase the ex-factory price of its key instant noodle products in Mainland China by a mid-single-digit percentage point on average.
  • The price adjustment will be applied to Cup Noodles, Demae Iccho (bag, cup and bowl types), Nissin Pasta, Raoh and so on.

Nissin Foods Receives Funding Approval from Re-Industrialisation Funding Scheme

Retrieved on: 
Tuesday, November 9, 2021

HONG KONG, Nov 9, 2021 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods", and together with its subsidiaries, the "Group"; Stock code: 1475) is pleased to announce that it has received approval for the maximum funding support of HK$15 million (the "Funding Support") under the Re-Industrialisation Funding Scheme ("RFS") of the Innovation and Technology Commission ("ITC") today (9 November 2021), to be used for the installation of a new smart production line in Hong Kong.

Key Points: 
  • HONG KONG, Nov 9, 2021 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods", and together with its subsidiaries, the "Group"; Stock code: 1475) is pleased to announce that it has received approval for the maximum funding support of HK$15 million (the "Funding Support") under the Re-Industrialisation Funding Scheme ("RFS") of the Innovation and Technology Commission ("ITC") today (9 November 2021), to be used for the installation of a new smart production line in Hong Kong.
  • Funded by the Re-Industrialisation Funding Scheme, Nissin Foods will set up a smart production line with robotics, sensors and smart systems with real-time monitoring on the production of instant noodles in the Nissin Plant, Tai Po Industrial Estate (visual provided by Nissin Foods Company Limited).
  • The Funding Support will be used to implement a new smart and automated production line in one of Nissin Foods' production plants located at the Tai Po Industrial Estate.
  • Mr. Kiyotaka ANDO, Executive Director, Chairman and Chief Executive Officer of Nissin Foods, said, "Nissin Foods is proud to be the first food manufacturer and the second company to gain approval for the maximum funding under the Re-Industrialisation Funding Scheme.

Nissin Foods Announces 2021 Q3 Financial Results

Retrieved on: 
Friday, November 5, 2021

HONG KONG, Nov 5, 2021 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods", and together with its subsidiaries, the "Group"; Stock code: 1475) has today announced its financial results for the nine months ended 30 September 2021 ("the Reporting Period").

Key Points: 
  • HONG KONG, Nov 5, 2021 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods", and together with its subsidiaries, the "Group"; Stock code: 1475) has today announced its financial results for the nine months ended 30 September 2021 ("the Reporting Period").
  • Revenue of the Group increased by 6.4% to HK$2,858.6 million, from HK$2,685.6 million for the corresponding period in 2020.
  • Mr. Kiyotaka ANDO, Executive Director, Chairman and Chief Executive Officer of Nissin Foods, said, "The Group maintains healthy financial metrics with stable contribution from PRC and Hong Kong operations during the Reporting Period.
  • At Nissin Foods, we are constantly enhancing our product portfolio and improving our production efficiency.

Shareholders and senior management show confidence in China Risun by increasing stakes recently

Retrieved on: 
Tuesday, November 2, 2021

HONG KONG, Nov 2, 2021 - (ACN Newswire) - Key shareholders and senior management of China Risun Group Limited ("China Risun", or the "Group", stock code: 1907), a leading integrated global coke, coking chemicals and refined chemicals producer and supplier and relevant operation management service provider, have recently time and again increased shareholdings in the Group, indicating their confidence in the Group's development prospects.

Key Points: 
  • HONG KONG, Nov 2, 2021 - (ACN Newswire) - Key shareholders and senior management of China Risun Group Limited ("China Risun", or the "Group", stock code: 1907), a leading integrated global coke, coking chemicals and refined chemicals producer and supplier and relevant operation management service provider, have recently time and again increased shareholdings in the Group, indicating their confidence in the Group's development prospects.
  • Subsequently, Texson Limited and Mr. Yang now hold 3.122 billion China Risun shares, and their shareholding together has increased to 70.32%.
  • In addition, according to CCASS public data, the executive directors and senior management of Risun Group have continued to increase their holdings of the company's shares since June 2021.
  • China Risun Group Limited is the world's largest independent producer and supplier of coke by volume in 2020, according to Frost & Sullivan.