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在线翻译:
szdaily -> Business_Markets -> 
Tingyi profit soars, ending 4 yrs of slowing growth
    2018-03-21  08:53    Shenzhen Daily

TINGYI (Cayman Islands) Holding Corp. boasted a 57-percent jump in annual net profit yesterday, ending four years of slowing growth, but warned of challenges from rising raw material costs and shifting consumer preferences for healthier food.

The instant noodle maker and beverage producer, a Chinese partner of Starbucks and PepsiCo, said gross profit margin was under pressure amid price increases for key raw materials, such as sugar, PET resin and paper.

“The group faces numerous challenges such as demographic changes, constant increase of raw material prices and macro policy adjustments,” chairman Wei Ing-Chou said in an exchange filing.

The company, however, benefited from revenue growth and savings from distribution costs as well as advertising and promotion expenses.

That helped the owner of the Master Kong brand to boost net profit for the January-December period to 1.82 billion yuan (US$287.74 million) from a restated 1.16-billion-yuan profit a year earlier.

It was just ahead of an average forecast for net profit of 1.74 billion yuan, according to 23 analysts polled recently.

Wei said that during the past year the firm has strived to meet “demand for high-end and healthy products of the middle class,” with its premium soup series containing less additives to cater to health-conscious consumers.

Revenue rose 6.1 percent to 58.95 billion yuan during the year from 55.58 billion yuan a year ago. Gross profit margin dropped 1.86 percentage point from a year ago to 29.41 percent.

“Looking ahead in 2018, the volatile global economy, urbanization and the rapid rise of the middle class in China will lead to diverse consumption demands,” Wei said.

The company said it would continue to reduce capital expenditure, upgrade products to satisfy consumers’ needs, and update and promote national food safety standards.(SD-Agencies)

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