Gross profit was HK$1,303.1 million, with gross profit margin increased by 2.0 percentage points to 34.0% in 2023 from 32.0% (restated) in 2022.
Key Points:
- Gross profit was HK$1,303.1 million, with gross profit margin increased by 2.0 percentage points to 34.0% in 2023 from 32.0% (restated) in 2022.
- Profit attributable to owners of the Company increased by 5.6% year-on-year to HK$330.2 million, improving the net profit margin from 7.7% (restated) in 2022 to 8.6%.
- The financial position of the Group remained healthy, with net cash of approximately HK$1,310.4 million and HK$820.0 million in available banking facilities as at 31 December 2023.
- Nissin Foods will continue to strengthen its overall competitiveness based on a well-diversified product portfolio and the premiumisation strategy.
Yee,
Student,
Bachelor,
Heart,
Food,
CUHK,
Human back,
Food industry,
Doctor of Philosophy,
Letter,
Education,
Management HONG KONG, Jan 12, 2024 - (ACN Newswire) - Nissin Foods (Hong Kong) Charity Fund ("Charity Fund") has successfully held the 2023-2024 Nissin Foods Scholarship Presentation Ceremony today, together with The Chinese University of Hong Kong ("CUHK"), to award scholarships covering full tuition fees for a total of ten awardees for the 2023-2024 academic year.
Key Points:
- HONG KONG, Jan 12, 2024 - (ACN Newswire) - Nissin Foods (Hong Kong) Charity Fund ("Charity Fund") has successfully held the 2023-2024 Nissin Foods Scholarship Presentation Ceremony today, together with The Chinese University of Hong Kong ("CUHK"), to award scholarships covering full tuition fees for a total of ten awardees for the 2023-2024 academic year.
- Mr. Kiyotaka ANDO, Chairman of Nissin Foods (Hong Kong) Charity Fund (middle right), and Professor Anthony CHAN, Pro-Vice-Chancellor and Vice-President of CUHK (middle left), at the 2023-2024 Nissin Foods Scholarship Presentation Ceremony today.
- Established by the Charity Fund and CUHK in 2023, the scholarship aims to encourage undergraduate and postgraduate students of CUHK's Food and Nutritional Sciences (Hons) programme to pursue academic excellence.
- (Photo: Front, L to R)
Mr. Kiyotaka ANDO, Chairman of Nissin Foods (Hong Kong) Charity Fund, said, "As a leading food manufacturer in Hong Kong and worldwide, Nissin Foods is committed to discovering the possibilities of food and creating good tastes.
Retrieved on:
Thursday, November 9, 2023
HONG KONG, Nov 9, 2023 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods" or the "Company", together with its subsidiaries, the "Group"; Stock code: 1475) today announced its unaudited third quarter financial results for the nine months ended 30 September 2023 (the "Reporting Period").
Key Points:
- HONG KONG, Nov 9, 2023 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods" or the "Company", together with its subsidiaries, the "Group"; Stock code: 1475) today announced its unaudited third quarter financial results for the nine months ended 30 September 2023 (the "Reporting Period").
- Gross profit increased by 2.8% to HK$1,005.8 million, and gross profit margin increased by 2.6 percentage points to 34.0% from 31.4% (restated) for the corresponding period of 2022.
- Mr Kiyotaka ANDO, Executive Director, Chairman and Chief Executive Officer of Nissin Foods, said, "We are pleased to have achieved double-digit profit growth amidst the challenging business landscape.
- Nissin Foods will continue to strengthen its overall competitiveness through a well-diversified product portfolio and premiumisation strategy, while increasing brand recognition in the regions in which it operates, in order to create long-term value for our customers and shareholders."
Retrieved on:
Wednesday, August 30, 2023
Supermarket,
Cup noodle,
Acquisition,
Collection,
Nissin Foods,
Restaurant,
Coffee,
Cup Noodles,
Relaxation,
Retail,
Mainland China Gross profit grew by 1.9% to HK$658.3 million, boosting gross profit margin by 2.7 percentage points to 34.1% in 2023 from 31.4% (restated) in 2022.
Key Points:
- Gross profit grew by 1.9% to HK$658.3 million, boosting gross profit margin by 2.7 percentage points to 34.1% in 2023 from 31.4% (restated) in 2022.
- Profit attributable to owners of the Company increased by 6.4% year-on-year to HK$171.7 million, improving the net profit margin from 7.9% to 8.9%.
- The financial position of the Group remained healthy, with net cash of approximately HK$1,138.0 million and HK$820.0 million in available banking facilities as at 30 June 2023.
- Meanwhile, for Mainland China operations, revenue of HK$1,177.8 million was recorded for the reporting period, and its segment results amounted to HK$160.6 million.
Food,
Risk management,
Corporate governance,
Carbon,
Social Security Government Pension Offset,
MSCI,
BBB,
Nissin Foods,
Risk,
Corporation,
Ethics,
ESG,
Social,
Management HONG KONG, June 5, 2023 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods", and together with its subsidiaries, the "Group"; Stock code: 1475) has received an 'A' rating in the latest MSCI Environmental, Social and Governance (ESG) Ratings, an upgrade from 'BBB', recognizing its remarkable ESG performance.
Key Points:
- HONG KONG, June 5, 2023 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods", and together with its subsidiaries, the "Group"; Stock code: 1475) has received an 'A' rating in the latest MSCI Environmental, Social and Governance (ESG) Ratings, an upgrade from 'BBB', recognizing its remarkable ESG performance.
- The MSCI index is highly popular among global portfolio managers, and its ESG rating has emerged as a critical factor in the investment decisions of major institutions worldwide.
- The ESG rating assesses a company's risk exposure and risk management strategies related to environmental, social, and governance issues, primarily using publicly available information and company disclosures.
- Moreover, MSCI highlighted the Group's outstanding Corporate Governance and Corporate Behaviour improvements, acknowledging its detailed business ethics and anti-corruption policies.
HONG KONG, May 10, 2023 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods" or the "Company", together with its subsidiaries, the "Group"; Stock code: 1475) today announced its unaudited first quarter financial results for the three months ended 31 March 2023 ("the Reporting Period").
Key Points:
- HONG KONG, May 10, 2023 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods" or the "Company", together with its subsidiaries, the "Group"; Stock code: 1475) today announced its unaudited first quarter financial results for the three months ended 31 March 2023 ("the Reporting Period").
- Gross profit grew 8.8% YoY to HK$362.1 million (2022: HK$332.8 million).
- Profit attributable to owners of the Company grew 22.3% to HK$110.5 million (2022: HK$90.3 million).
- Mr Kiyotaka ANDO, Executive Director, Chairman and Chief Executive Officer of Nissin Foods, said, "We are delighted to see that our business has recorded double-digit profit growth compared with pre-pandemic levels.
Tourism,
Raohe Street Night Market,
Eating,
Cup Noodles,
Creativity,
Acquisition,
Fuku,
Nissin Foods,
Yoy,
Growth,
U.F.O,
Food court,
Cryptocurrency,
Convenience food,
Retail,
Property management,
Tea,
Food delivery,
Mainland China,
Renminbi -- Revenue increased primarily attributable to the organic growth in sales volume of the Group's premium instant noodles throughout the year.
Key Points:
- -- Revenue increased primarily attributable to the organic growth in sales volume of the Group's premium instant noodles throughout the year.
- The Group's basic earnings per share increased by 5.5% to 30.32 HK cents for 2022 (2021: 28.74 HK cents).
- On the non-noodle category, the Group's frozen foods business has achieved a decent growth notwithstanding the fierce competition.
- The instant noodles business maintained a sales volume growth amid complicated business environment.
HONG KONG, Mar 13, 2023 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods", and together with its subsidiaries, the "Group"; Stock code: 1475) will become a new eligible stock for trading under the Shanghai-Hong Kong Stock Connect, effective today, 13 March 2023, in accordance with the latest expansion of the scope of eligible stocks under the Stock Connect scheme as announced by the Shanghai Stock Exchange.
Key Points:
- HONG KONG, Mar 13, 2023 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods", and together with its subsidiaries, the "Group"; Stock code: 1475) will become a new eligible stock for trading under the Shanghai-Hong Kong Stock Connect, effective today, 13 March 2023, in accordance with the latest expansion of the scope of eligible stocks under the Stock Connect scheme as announced by the Shanghai Stock Exchange.
- The Shanghai-Hong Kong Stock Connect was officially launched in 2014 with the aim of establishing mutual stock market access between Mainland China and Hong Kong.
- The stock connect allows qualified investors in Mainland China to access eligible Hong Kong shares (Southbound) as well as Hong Kong and overseas investors to trade eligible A shares (Northbound) subject to a certain amount of daily quota.
- Being included in Shanghai-Hong Kong Stock Connect is a major milestone in our corporate development, indicating that Nissin Foods will be accessible to more traders in Mainland China through the Shanghai and Shenzhen Stock Connect which the Group earned inclusion earlier.
Retrieved on:
Wednesday, January 18, 2023
Yee,
Student,
Education,
Nutritional science,
Bachelor,
CUHK,
Nissin Foods,
Food,
Health,
Food industry,
Chinese University of Hong Kong,
CUHK Faculty of Law,
Letter,
Dream,
Tutoring,
Management HONG KONG, Jan 18, 2023 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods", and together with its subsidiaries, the "Group"; Stock code: 1475) has announced the launch of the Nissin Foods Scholarship for Food and Nutritional Sciences students by Nissin Foods (Hong Kong) Charity Fund ("Charity Fund") and The Chinese University of Hong Kong ("CUHK").
Key Points:
- HONG KONG, Jan 18, 2023 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods", and together with its subsidiaries, the "Group"; Stock code: 1475) has announced the launch of the Nissin Foods Scholarship for Food and Nutritional Sciences students by Nissin Foods (Hong Kong) Charity Fund ("Charity Fund") and The Chinese University of Hong Kong ("CUHK").
- Mr. Kiyotaka ANDO, Chairman of Nissin Foods (HK) Charity Fund (middle right), and Prof. Anthony CHAN, Pro-Vice-Chancellor of CUHK (middle left), announced the launch of the Nissin Foods Scholarship for Food and Nutritional Sciences.
- Mr. Kiyotaka ANDO, Chairman of Nissin Foods (Hong Kong) Charity Fund, said, "At Nissin Foods, we believe that "food-related jobs are sacred profession", because food supports life.
- Charity Fund is pleased to collaborate with CUHK for the launch of Nissin Foods Scholarship for Food and Nutritional Sciences students.
Retrieved on:
Thursday, January 12, 2023
ITF Women's Circuit – Hong Kong,
Tennis,
Hope,
Sport,
Eating,
HKTA,
Nissin Foods,
Athlete,
2021 ITF Women's World Tennis Tour,
Film,
Management,
Tutoring Mr. Kiyotaka ANDO (left), Executive Director, Chairman and Chief Executive Officer of Nissin Foods poses with Cody WONG (right) to celebrate the extension of Nissin Foods' sponsorship of Cody for three further years until December 2025.
Key Points:
- Mr. Kiyotaka ANDO (left), Executive Director, Chairman and Chief Executive Officer of Nissin Foods poses with Cody WONG (right) to celebrate the extension of Nissin Foods' sponsorship of Cody for three further years until December 2025.
- Mr. Kiyotaka ANDO (left), Executive Director, Chairman and Chief Executive Officer of Nissin Foods with Cody WONG (right).
- "We are pleased to extend our support for Cody for a total of five years until 2025," said Mr. Kiyotaka ANDO, Executive Director, Chairman and Chief Executive Officer of Nissin Foods.
- "I am so grateful to Nissin Foods for its continued support," commented Cody.
