HongKong:1475

Nissin Foods Announces 2023 Annual Results, Net Profit Up 5.6% to HK$330.2 Million

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星期二, 三月 26, 2024
Cup Noodles, Growth, HK, Kagome, Sale, Acquisition, Nissin Foods

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.

Nissin Foods (Hong Kong) Charity Fund Continues Supporting Talents in Food and Nutritional Sciences

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星期五, 一月 12, 2024
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.

Nissin Foods Announces 2023 Q3 Financial Results

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星期四, 十一月 9, 2023
Renminbi, Depreciation, Nissin Foods, Accounting

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."

Nissin Foods Announces 2023 Interim Results, Net Profit Increases by 6.4% to HK$171.7 Million

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星期三, 八月 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.