Tag: Nissin

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. 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. The three new awardees are: LAM Tsz Hang and SHUM Wai Hang from the Bachelor’s ... Read more

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”). The Group recorded revenue of HK$2,956.0 million for 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. The increase in gross profit margin was mainly attributable to the price adjustments implemented last year and the easing of raw material costs during ... Read more

Nissin Foods Company Limited (“Nissin Foods” or the “Company”, together with its subsidiaries, the “Group”; Stock code: 1475) has announced its unaudited interim results for the six months ended 30 June 2023 (“the reporting period”). The Group recorded revenue of HK$1,929.3 million for the reporting period. 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. The increase in gross profit margin was mainly attributable to the price adjustments implemented in both Hong Kong and Mainland China in 2022 to offset the surge in manufacturing ... Read more

Nissin Foods Company Limited (“Nissin Foods”, together with its subsidiaries, the “Group”; Stock code: 1475) completed today the acquisition of 19% equity interest in Hong Kong Eastpeak Limited (“Hong Kong Eastpeak”), which wholly owns Eastpeak Trading (Shanghai) Co., Ltd. (“Shanghai Eastpeak”), making the two companies officially its wholly-owned subsidiaries on 3 July 2023. Shanghai Eastpeak distributes Japanese food and beverage products in Mainland China. The key brands and products include: Demae Iccho crisp choco, Demae Iccho Yingyou green juices, KAGOME vegetable juices, Koikeya potato chips, Akai Bohshi biscuits and UCC coffee drinks, covering more than 300 products in 6 different ... Read more

Nissin Foods Company Limited (“Nissin Foods”, and together with its subsidiaries, the “Group”; Stock code: 1475) announced that its wholly-owned subsidiary Nissin Foods (China) Holding Co., Ltd. (“Nissin Foods China”) has won a bid for 29.55% equity interest in Zhuhai Golden Coast Winner Food Products Limited (“Zhuhai Winner”) (the “Proposed Acquisition”) at RMB352.44 million. An indirect subsidiary of Nissin Foods, Zhuhai Winner is 70.45% owned by Winner Food Products Limited, a wholly-owned subsidiary of the Company, and 29.55% owned by Zhuhai Western Development Co. Upon completion of the Proposed Acquisition, Zhuhai Winner will become an indirect wholly-owned subsidiary of Nissin ... Read more