Industry Sales:

• Instant noodles: approx. 45%
• Beverages: approx. 50%
• Other groceries: approx. 5%

TOP 3 Markets:

• China: approx. 80%
• Hong Kong: approx. 10%
• Taiwan: approx. 5%

Tingyi (Cayman Islands) Holding Corp. generates the majority of its sales from the production and sale of instant noodles and beverages. The Chinese market is by far the most important, as it accounts for the largest share of the company's total revenue.

Hong Kong and Taiwan follow with significantly smaller shares, highlighting the strong regional concentration of the company on the Chinese market. This concentration offers both opportunities due to market proximity and risks due to dependence on a geographical market.

Production Sites: China

Tingyi (Cayman Islands) Holding Corp., known for its instant noodles and beverages, mainly produces in China. The company operates numerous production facilities throughout the country to efficiently serve the demand in different regions.

This geographical distribution of production plants enables Tingyi to optimize logistics costs and quickly respond to market changes. The strategic placement of the factories is an essential part of their business strategy to secure market leadership in the food and beverage industry in China.

Revenue Growth: 8.5% (2024)
Profit Growth: 10.2% (2024)

Tingyi (Cayman Islands) Holding Corp. is pursuing a multi-pronged growth strategy to further strengthen its market position. A key component of this strategy is expanding its product portfolio, particularly in the area of healthy and sustainable food products. This aligns with the growing consumer trend towards healthier eating.

Additionally, the company is heavily investing in digitizing and automating its production processes to achieve efficiency gains and reduce operating costs. Another focus is on geographical expansion into Asian markets that offer high growth potential.

Through strategic partnerships and joint ventures, Tingyi plans to expand its distribution networks and increase brand awareness. These measures are intended to enable the company to further increase both revenue and profitability in the coming years.

Main Commodities: Wheat, Palm Oil, Sugar

Countries of Origin:

• Wheat: Australia, Canada, USA
• Palm Oil: Malaysia, Indonesia
• Sugar: Brazil, Thailand

Tingyi (Cayman Islands) Holding Corp., known for its instant noodles and beverages, imports a variety of commodities to support its production processes. Wheat, as a key ingredient in instant noodles, is mainly sourced from Australia, Canada, and the USA, as these countries are known for their high quality and reliable delivery.

Palm oil, an essential component for noodle and snack production, is primarily imported from Malaysia and Indonesia, as these countries are the largest producers worldwide.

Sugar, used in many beverages and snacks, is predominantly imported from Brazil and Thailand, as these countries are major exporters of sugar and offer competitive prices.

Market share in the instant noodle segment: approximately 45% (2024) Market share in the beverage segment: approximately 30% (2024) Gross margin: 32% (2024)

Tingyi (Cayman Islands) Holding Corp. is one of the leading manufacturers of instant noodles and beverages in China. The company has a significant competitive advantage, especially in the instant noodle segment, where it holds a market share of about 45%. This demonstrates the strong brand presence and wide acceptance of its products among consumers.

In the beverage segment, Tingyi holds a market share of approximately 30%, which also represents a strong position. The gross margin of 32% indicates that the company is able to sell its products with a healthy profit margin, pointing to efficient production processes and effective cost control.

Tingyi's competitive advantage is further strengthened by its extensive distribution infrastructure and its ability to quickly adapt to market changes. Continuous investment in brand building and product innovation also contributes to maintaining and expanding this advantage.

Institutional Investor Share: Estimated at about 40% (2025)
Insider Buys/Sells: No significant transactions reported in the last year (2025)

The institutional investor share in Tingyi (Cayman Islands) Holding Corp. is estimated at about 40%. This demonstrates the confidence of institutional investors in the company, which often indicates a stable financial performance and market position.

In 2025, no significant insider buys or sells were reported. This could suggest that the management and other insiders are satisfied with the current company strategy and valuation. A lack of insider activity can also indicate a period of stability and trust in the company's future development.

Market share of Tingyi (Cayman Islands) Holding Corp.: 23% (2025, estimated)

Top competitors and their market shares:

1. Uni-President Enterprises Corp.: 25%
2. Master Kong (Tingyi): 23%
3. Nissin Foods Holdings Co., Ltd.: 15%
4. Want Want China Holdings Limited: 12%
5. Haitian International Holdings Limited: 10%
6. Dali Foods Group Company Limited: 8%
7. China Resources Beer (Holdings) Company Limited: 7%

Moat of Tingyi:

Tingyi (Cayman Islands) Holding Corp. has a significant moat, primarily characterized by its strong brand recognition and extensive distribution networks in China. The company benefits from a wide range of products in the instant noodles and beverages sector, allowing it to cater to a large target audience.

Compared to its competitors, Tingyi has the advantage of being one of the most well-known brands in China, leading to high customer loyalty. However, Uni-President Enterprises Corp. has a slight edge due to its stronger presence in other Asian markets, providing a more diversified revenue stream.

Nissin Foods and Want Want China also have strong brands, but their product lines are less diversified than those of Tingyi. Overall, Tingyi has a solid, though not insurmountable, moat, as the competition also possesses strong brands and efficient production capacities.

Revenue Growth: 6.8% (2024) Profit Growth: 5.2% (2024) Market Share in the Instant Noodle Segment in China: 45% (2024)

Tingyi (Cayman Islands) Holding Corp. recorded solid revenue growth of 6.8% in 2024, driven by strong demand for its products, especially in the instant noodle segment. The company holds a significant market share of 45% in this segment in China, highlighting its leading position in a competitive market.

The profit growth of 5.2% during the same period indicates that the company is able to increase its profitability despite rising raw material costs and a challenging economic environment. This ability to increase profits suggests efficient cost control and a successful pricing strategy.

Additionally, in recent years, Tingyi has invested in diversifying its product portfolio and improving its production capacities. These strategic initiatives could lead to further growth opportunities in the long term.

Overall, the current operational metrics and market position indicate that Tingyi (Cayman Islands) Holding Corp. represents a stable investment, especially for investors interested in exposure to the Asian consumer goods market.

Dividend Yield: 3.5% (estimated for 2025)

Dividend History: Steady payout over the last 5 years

Tingyi (Cayman Islands) Holding Corp. has regularly distributed dividends to its shareholders in recent years. The dividend yield is estimated to be around 3.5% for 2025, which can be considered solid compared to other companies in the industry.

The company has a reliable dividend history, indicating that it will continue to strive to provide attractive returns to its shareholders in the future. Tingyi's financial stability and strong market position support the reliability of dividend payments.