On the 30th anniversary of its listing, veteran food giant TINGYI enters a new phase.
Financial reports show that in 2025, TINGYI achieved revenue of 79.068 billion yuan, a year-on-year decrease of 2.0%; gross profit margin increased by 1.7 percentage points, driving profit attributable to shareholders to 4.5 billion yuan, a year-on-year increase of 20.5%.
In the past year, prices of beverage packaging bottles, palm oil (a core ingredient for instant noodles), and other items entered a downward cycle, providing a buffer for gross profit release.
At the same time, the retail prices of TINGYI's main bottled product categories such as TINGYI Iced Tea and Ice Sugar Pear were raised from 3 yuan to 3.5 yuan, and 1L products were increased from 4 yuan to 5 yuan.
While these price increases somewhat suppressed sales expansion, leading to a slight decline in overall revenue, they effectively offset operating costs and preserved core profits.
From a business segment perspective, the beverage division's revenue decreased slightly by 2.9% year-on-year to 50.123 billion yuan, accounting for 63.4% of the group's total revenue. Although the revenue scale contracted, it contributed higher profit elasticity.
The instant noodle business, on the other hand, performed steadily, achieving steady upgrades under the trend of &#34;value for money.&#34;
In 2025, the instant noodle division's revenue was 28.421 billion yuan, a slight year-on-year increase, accounting for 35.9% of the group's total revenue. Benefiting from the dual advantages of raw material prices and selling prices, the gross profit margin for instant noodles increased to 29.7%, and profit attributable to shareholders surged by 10.1% year-on-year to 2.252 billion yuan.
TINGYI adheres to the strategy of &#34;consolidating blockbuster products and nurturing innovative products&#34; in the instant noodle sector.
In the high-price noodle market, brand loyalty is strengthened through aerospace patented technology and IP collaborations; in the ultra-premium market, it pioneered &#34;Special Special&#34; fresh instant noodles and &#34;He Mian&#34; with meal-grade quality to cater to the demand for health and taste among white-collar consumers.
As an important indicator of channel confidence, &#34;customer prepayments&#34; experienced some fluctuations in 2025: by mid-2025, this figure had shrunk to 912 million yuan, sparking discussions in the market about the willingness of established channel partners to commit capital.
But annual financial reports show that as of December 31, 2025, the group's customer prepayments had rebounded to 2.16 billion yuan, achieving growth from 1.975 billion yuan at the end of 2024.
In terms of organizational structure, TINGYI has also undergone a significant transformation.
In early 2026, Wei Hongcheng, son of TINGYI founder Wei Yingzhou, officially succeeded Chen Yingrang as the Group's Chief Executive Officer (CEO).
With TINGYI completing its second-generation succession, two core positions are now held by brothers Wei Hongming and Wei Hongcheng, marking the end of the company's brief era of professional management and a return to family governance.
This annual report explicitly proposes a &#34;Back to Day 1&#34; entrepreneurial spirit, aiming to activate the endogenous momentum of a hundred-billion-yuan enterprise through clearer delineation of responsibilities and enhanced organizational efficiency.
As of the end of 2025, the group's bank deposits and cash (including long-term time deposits) reached 19.486 billion yuan, an increase of 3.484 billion yuan from the previous year-end, with the company in a net cash position.
The board of directors recommends a final dividend and a special final dividend totaling 79.84 fen RMB per share, amounting to approximately 4.5 billion yuan, essentially returning the full year's profit to shareholders.

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- As it celebrated its thirtieth anniversary, the food giant Tingyi (Campa) entered a new phase, reporting a slight decrease in revenue to 79.068 billion CNY in 2025, along with a 1.7% increase in gross margin.  
- Beverage revenues fell by 2.9%, while instant noodle sales showed a steady growth, benefiting from raw material price drops and price hikes on core products to maintain core profits.  
- With significant changes in leadership and an emphasis on a "Back to Day 1" entrepreneurial spirit, the company aims to enhance organizational efficiency and return value to shareholders through substantial dividends.

Price Hikes and Cost Reductions: TINGYI's 2025 Profit Grows Over 20%