Tingyi Cayman Islands (322) investor relations material

Executive summary

• Revenue for H1 2026 reached RMB 40,545 million, up 1.1% year-over-year, with gross margin up 1.3ppt to 35.8%.

• Net profit increased by 7.5% to RMB 2,890 million compared to H1 2025; profit attributable to shareholders grew 7.1% to RMB 2.433 billion.

• EBITDA increased 3.6% to RMB 5,645 million.

• Instant noodles revenue grew 2.0% and beverages 0.7% year-over-year, with both segments improving gross profit margins.

• Cash at bank and on hand reached RMB 23.67 billion, up RMB 4.18 billion from December 2025.

Financial highlights

• Gross profit grew 5.0% to RMB 14,507 million, with gross margin improving by 1.3ppt to 35.8%.

• Basic EPS rose to 43.16 cents, up 2.86 cents year-over-year.

• Net cash from operating activities reached RMB 3,510 million; CapEx was RMB 1,885 million.

• Interest-bearing borrowings totaled RMB 17.393 billion, up RMB 2.371 billion from December 2025.

• Net cash inflow from operating activities was RMB 3.337 billion; net cash outflow from investing activities was RMB 1.675 billion.

Outlook and guidance

• Forward-looking statements caution about risks and uncertainties affecting future performance.

• The company expects macroeconomic uncertainties to persist but will focus on prudent operations and digital transformation.

• Commitment to sustainable development, food safety, and robust annual results remains a priority.