Nissin Foods Company Limited (“Nissin Foods” or the “Company”, and together with its subsidiaries, the “Group”; Stock code: 1475) today announced its unaudited first quarter financial information for the three months ended 31 March 2022 (“the Reporting Period”).
The Group’s revenue increased by 10.1% year-on-year (“YoY”) from HK$964.5 million to HK$1,061.8 million. Gross profit grew 7.4% YoY to HK$332.8 million (2021: HK$309.9 million). Gross profit margin was 31.3% (2021: 32.1%), mainly a result of the increased prices of raw materials and other production costs. Profit attributable to owners of the Company was HK$90.3 million (2021: HK$93.2 million).
Revenue from Hong Kong operations increased by 6.6% YoY to HK$357.9 million due to a surge in demand of bag-type instant noodles. As for Mainland China operations, having taken steps to expand its geographical sales territories and strengthen its “Cup Noodles” brand in the Reporting Period, revenue increased by 11.9% (in local currency: 8.6%) to HK$703.9 million, mainly contributed by the growth in sales volume of cup-type instant noodles.
Mr Kiyotaka ANDO, Executive Director, Chairman and Chief Executive Officer of Nissin Foods, said, “With the COVID-19 epidemic prevailing, people’s livelihood and economic recovery have been surrounded with uncertainties. Although the business environment has been challenging, we are committed to ensuring stable supply of quality and safe products to our customers and, to sustain profit growth. We will continue to enhance production efficiency by improving our capabilities and implementing cost-saving measures. In line with the Company’s strategic direction, we will also continue to enhance our product portfolio so as to strengthen overall competitiveness and create sustainable value for all stakeholders.”
For details, please refer to the announcement:
About Nissin Foods Company Limited
Nissin Foods Company Limited (The “Group”; Stock code: 1475) is a renowned food company in Hong Kong and Mainland China with a diversified portfolio of well-known and highly popular brands and the largest instant noodle company in Hong Kong. The Group officially established its presence in Hong Kong in 1984. The Group primarily manufactures and sells instant noodles, frozen foods and other food products under its two core corporate brands, namely “NISSIN” and “DOLL” together with a diversified portfolio of iconic household premium food brands. The Group’s five flagship product brands, namely “Cup Noodles”, “Demae Iccho”, “Doll Instant Noodle”, “Doll Dim Sum” and “Fuku” are also among the most popular choices in their respective food product categories in Hong Kong. In the Mainland China market, the Group has introduced technology innovation through the “ECO Cup” concept and primarily focuses its sales efforts in first-and second-tier cities.
Nissin Foods is a constituent of eight Hang Seng Indexes, namely: Hang Seng Composite Index, Hang Seng Consumer Goods & Services Index, Hang Seng Stock Connect Hong Kong Index, Hang Seng Stock Connect Hong Kong MidCap & SmallCap Index, Hang Seng Stock Connect Hong Kong SmallCap Index, Hang Seng SCHK Mainland China Companies Index, Hang Seng SCHK ex-AH Companies Index, and Hang Seng Small Cap (Investable) Index. For more information, please visit www.nissingroup.com.hk.
Topic: Press release summary
Small actions can make a big difference. Canadians can help protect plants by:
knowing about and reporting unusual insects, invasive plants or plant diseases to the CFIA through inspection.canada.ca/pests or social media or via apps like iNaturalist and EDDmaps
buying and burning only local or heat-treated firewood to reduce the spread of the emerald ash borer and other pests that hide in firewood
checking trees, campers, equipment and items stored outside to remove insects and egg masses
removing soil from footwear, gear and equipment before packing up so as not to move pests
encouraging kids to be plant health heroes through fun and interactive youth activity booklets
making sure that seeds, plants, plant products (whether decorative or for consumption) or organisms (for example, insects) they bring into Canada or send to other countries meet the import requirements of the destination country—the CFIA can help, check with the CFIA first
getting involved with the #PlantHealth and #PlantHealthDay conversations on social media to raise awareness about plant protection
Some of the CFIA’s pests of concern include the following:
Emerald ash borer has spread to parts of five provinces (New Brunswick, Nova Scotia, Quebec, Ontario and Manitoba) and has killed millions of ash trees across North America. If you see it outside of these provinces, report it to your local CFIA office.
Hemlock woolly adelgid is threatening hemlock trees in Nova Scotia and parts of Ontario. Survey activities for this pest are ongoing, and measures are in place to contain it. Report all sightings outside of British Columbia to the CFIA.
Oak wilt is established in the United States and is a risk to oak trees across Canada. Birds, storms or untreated firewood could potentially bring it to Canada. Report all sightings.
Spotted lanternfly is not known to exist in Canada but was added to the regulated pest list in 2018 in an effort to prevent its introduction from infested areas in the United States and elsewhere. Report all sightings.
Japanese beetle is established in most parts of the country where it can survive – but not British Columbia. The CFIA, the Cities of Vancouver and Burnaby and the Province of British Columbia are actively working to eradicate it so it doesn’t become established there. Report suspected sightings in British Columbia to your local CFIA office.
Box tree moth was detected in Toronto in August 2018 by a citizen scientist. The CFIA is working with the Province of Ontario and other organizations to stop its spread. Report all sightings or any feeding damage on boxwood outside of the Greater Toronto Area and Niagara region.
Asian longhorned beetle was eradicated from the cities of Mississauga and Toronto in Ontario after five years of surveys with no detection of this plant pest. National detection surveys are ongoing, so report all sightings to your local CFIA office.
Spongy moth (Lymantria dispar dispar or LDD moth) is established in many areas east of the Manitoba–Ontario border. If you find it outside the regulated area, including in Newfoundland and Labrador or western Canada, report it to the CFIA.
Japanese stiltgrass grows and spreads quickly because it produces so many seeds. It was first reported in southern Ontario in 2019 and can dominate entire habitats and displace nesting sites for birds and other wildlife. If you spot it, report it to the CFIA.
Kudzu is one of the world’s most invasive plants and was found in southern Ontario in 2009. It takes over quickly, reduces biodiversity and causes significant productivity losses to the forestry industry.
Learn more and get the full details on these invasive insects, plants and other plant pests.
News release: Canada recognizes and supports the first International Day of Plant Health
Office of the Minister of Agriculture and Agri-Food