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Nissin Foods Announces 2022 Q3 Results

Retrieved on: 
Thursday, November 10, 2022

HONG KONG, Nov 10, 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 financial results for the nine months ended 30 September 2022 ("the Reporting Period").

Key Points: 
  • HONG KONG, Nov 10, 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 financial results for the nine months ended 30 September 2022 ("the Reporting Period").
  • Revenue from Hong Kong and China operations respectively grew 11.6% to HK$1,156.6 million and 5.7% to HK$1,925.2 million YoY.
  • Moreover, for Hong Kong operations, good demand for instant noodles and frozen foods contributed to the revenue growth.
  • The Group primarily manufactures and sells instant noodles, frozen foods and other food products under its two core corporate brands, namely "NISSIN" and "DOLL" together with a diversified portfolio of iconic household premium food brands.

Nissin Foods Wins Bid for Acquiring Equity Interest in Zhuhai Winner at RMB352.44 Million

Retrieved on: 
Monday, November 7, 2022

HONG KONG, Nov 7, 2022 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods", and together with its subsidiaries, the "Group"; Stock code: 1475) announced that its wholly-owned subsidiary Nissin Foods (China) Holding Co., Ltd. ("Nissin Foods China") has won a bid for 29.55% equity interest in Zhuhai Golden Coast Winner Food Products Limited ("Zhuhai Winner") (the "Proposed Acquisition") at RMB352.44 million.

Key Points: 
  • HONG KONG, Nov 7, 2022 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods", and together with its subsidiaries, the "Group"; Stock code: 1475) announced that its wholly-owned subsidiary Nissin Foods (China) Holding Co., Ltd. ("Nissin Foods China") has won a bid for 29.55% equity interest in Zhuhai Golden Coast Winner Food Products Limited ("Zhuhai Winner") (the "Proposed Acquisition") at RMB352.44 million.
  • An indirect subsidiary of Nissin Foods, Zhuhai Winner is 70.45% owned by Winner Food Products Limited, a wholly-owned subsidiary of the Company, and 29.55% owned by Zhuhai Western Development Co.
  • Upon completion of the Proposed Acquisition, Zhuhai Winner will become an indirect wholly-owned subsidiary of Nissin Foods.
  • Zhuhai Winner is a manufacturer and distributor of instant noodles for Nissin Foods.

Nissin Foods Announces 2022 Interim Results

Retrieved on: 
Tuesday, August 30, 2022

HONG KONG, Aug 30, 2022 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods" or the "Company", together with its subsidiaries, the "Group"; Stock code: 1475) has today announced its interim results for the six months ended 30 June 2022 ("the reporting period").

Key Points: 
  • HONG KONG, Aug 30, 2022 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods" or the "Company", together with its subsidiaries, the "Group"; Stock code: 1475) has today announced its interim results for the six months ended 30 June 2022 ("the reporting period").
  • -- In the face of rising production costs and raw material prices, Nissin Foods will implement the second phase of its price adjustment strategy in Hong Kong, for the products that were not included in the first phase implemented in April 2022.
  • -- "Nissin Foodium", Nissin's inaugural membership programme for Hong Kong and Mainland China has been launched respectively in July and August 2022.
  • The "Nissin Foodium" in the WeChat Mini Program offers the members a series of exclusive benefits, exciting rewards and interactive games.

China Risun's 2022 Interim Revenue Ups 21.1% to RMB22.53 Billion, Profit Attributable to Owners was RMB1.74 Billion

Retrieved on: 
Monday, August 29, 2022

Revenue for the six months ended June 30, 2022 was approximately RMB22.53 billion, representing an increase of approximately 21.1%.

Key Points: 
  • Revenue for the six months ended June 30, 2022 was approximately RMB22.53 billion, representing an increase of approximately 21.1%.
  • Profit attributable to owners of the Company was approximately RMB1.74 billion, up approximately 0.8%.
  • During the reporting period, revenue derived from the coke and coking chemicals manufacturing business continued to increase, up 20.2% to RMB9,262.7 million.
  • China Risun is also included in FTSE GEIS: FTSE Global Small Cap Index, FTSE Global All-Cap Index (LMS) and FTSE Global Total-Cap Index (LMSu).

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.

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.