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Message in 2023
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DEAR SHAREHOLDERS

On behalf of the board of directors (the “Board”) of Nissin Foods Company Limited (the “Company”), I am delighted to present the Annual Report of the Company and its subsidiaries (the “Group”) for the year ended 31 December 2022.

OUTPERFORMED THE RESULTS OF YEAR 2021

2022 was the final year of COVID-19 and in the first half of theyear we focused on responding to the pandemic. In addition, we experienced rising raw material prices and a sharp increase in logistics and warehousing costs in Hong Kong due to supply chain disruptions. In line with our founder Momofuku Ando's corporate philosophy that “food-related job is a sacred profession (食為聖職)”, the Group was able to supply products throughout the year without production interruption, contributing to consumers' enjoyment of foods.

Key Brands
Damae Iccho
Cup Noodles
Fuku
Nissin Raoh
Nissin U.F.O.
Investor Relations Investor Relations
We strive for creating long-term value for shareholders.
Financial Figures Highlights
Operating Results (HK$ million)
Annual
Interim
  • 
                                                                                        
    FY2020
  • 
                                                                                        
    FY2021
  • 
                                                                                        
    FY2022
Revenue
  • 
                                                                                        
    FY2020
  • 
                                                                                        
    FY2021
  • 
                                                                                        
    FY2022
Gross Profit
  • 
                                                                                        
    FY2020
  • 
                                                                                        
    FY2021
  • 
                                                                                        
    FY2022
Segment Results
( Operating Profit)
  • 
                                                                                        
    FY2020
  • 
                                                                                        
    FY2021
  • 
                                                                                        
    FY2022
Net Profit Attributable to
Owners of the Company
  • 
                                                                                        
    1H2021
  • 
                                                                                        
    1H2022
    (Restated)
  • 
                                                                                        
    1H2023
Revenue
  • 
                                                                                        
    1H2021
  • 
                                                                                        
    1H2022
    (Restated)
  • 
                                                                                        
    1H2023
Gross Profit
  • 
                                                                                        
    1H2021
  • 
                                                                                        
    1H2022
    (Restated)
  • 
                                                                                        
    1H2023
Segment Results
( Operating Profit)
  • 
                                                                                        
    1H2021
  • 
                                                                                        
    1H2022
    (Restated)
  • 
                                                                                        
    1H2023
Net Profit Attributable to
Owners of the Company
Segment Information (HK$ million)
Annual
Interim
  • 
                                                                                        
    FY2020
  • 
                                                                                        
    FY2021
  • 
                                                                                        
    FY2022
Revenue in Mainland China
  • 
                                                                                        
    FY2020
  • 
                                                                                        
    FY2021
  • 
                                                                                        
    FY2022
Revenue in Hong Kong and Other Asia
  • 
                                                                                        
    FY2020
  • 
                                                                                        
    FY2021
  • 
                                                                                        
    FY2022
Segment Results in Mainland China
  • 
                                                                                        
    FY2020
  • 
                                                                                        
    FY2021
  • 
                                                                                        
    FY2022
Segment Results in Hong Kong and Other Asia
  • 
                                                                                        
    1H2021
  • 
                                                                                        
    1H2022
    (Restated)
  • 
                                                                                        
    1H2023
Revenue in Mainland China
  • 
                                                                                        
    1H2021
  • 
                                                                                        
    1H2022
    (Restated)
  • 
                                                                                        
    1H2023
Revenue in Hong Kong and Other Asia
  • 
                                                                                        
    1H2021
  • 
                                                                                        
    1H2022
    (Restated)
  • 
                                                                                        
    1H2023
Segment Results in Mainland China
  • 
                                                                                        
    1H2021
  • 
                                                                                        
    1H2022
    (Restated)
  • 
                                                                                        
    1H2023
Segment Results in Hong Kong and Other Asia
Financial Position (HK$ million)
Annual
As at 31 December
Interim
As at 30 June
  • 
                                                                                        
    2020
  • 
                                                                                        
    2021
  • 
                                                                                        
    2022
    (Restated)
Total Asset
  • 
                                                                                        
    2020
  • 
                                                                                        
    2021
  • 
                                                                                        
    2022
    (Restated)
Net Current Assets
  • 
                                                                                        
    2020
  • 
                                                                                        
    2021
  • 
                                                                                        
    2022
    (Restated)
Total Equity
  • 
                                                                                        
    2020
  • 
                                                                                        
    2021
  • 
                                                                                        
    2022
    (Restated)
Total Liabilities
  • 
                                                                                        
    2021
  • 
                                                                                        
    2022
  • 
                                                                                        
    2023
Total Asset
  • 
                                                                                        
    2021
  • 
                                                                                        
    2022
  • 
                                                                                        
    2023
Net Current Assets
  • 
                                                                                        
    2021
  • 
                                                                                        
    2022
  • 
                                                                                        
    2023
Total Equity
  • 
                                                                                        
    2021
  • 
                                                                                        
    2022
  • 
                                                                                        
    2023
Total Liabilities
Cash Flow (HK$ million)
Annual
Interim
  • 
                                                                                        
    FY2020
  • 
                                                                                        
    FY2021
  • 
                                                                                        
    FY2022
Net Cash from Operating Activities
  • 
                                                                                        
    FY2020
  • 
                                                                                        
    FY2021
  • 
                                                                                        
    FY2022
Net Cash (Used in) from
Investing Activities
  • 
                                                                                        
    FY2020
  • 
                                                                                        
    FY2021
  • 
                                                                                        
    FY2022
Net Cash Used in Financing Activities
  • 
                                                                                        
    FY2020
  • 
                                                                                        
    FY2021
  • 
                                                                                        
    FY2022
Cash and Cash Equivalents
at End of the Year
  • 
                                                                                        
    1H2021
  • 
                                                                                        
    1H2022
    (Restated)
  • 
                                                                                        
    1H2023
Net Cash from Operating Activities
  • 
                                                                                        
    1H2021
  • 
                                                                                        
    1H2022
    (Restated)
  • 
                                                                                        
    1H2023
Net Cash (Used in) from
Investing Activities
  • 
                                                                                        
    1H2021
  • 
                                                                                        
    1H2022
    (Restated)
  • 
                                                                                        
    1H2023
Net Cash Used in Financing Activities
  • 
                                                                                        
    1H2021
  • 
                                                                                        
    1H2022
    (Restated)
  • 
                                                                                        
    1H2023
Cash and Cash Equivalents
at End of the Year
Key Ratios (%)
Annual
* Dividend payout ratio is 60.8% if special dividend is included
Interim
  • 
                                                                                        
    FY2020
  • 
                                                                                        
    FY2021
  • 
                                                                                        
    FY2022
GP Margin
  • 
                                                                                        
    FY2020
  • 
                                                                                        
    FY2021
  • 
                                                                                        
    FY2022
OP Margin
  • 
                                                                                        
    FY2020
  • 
                                                                                        
    FY2021
  • 
                                                                                        
    FY2022
NP Margin
  • 
                                                                                        
    FY2020
  • 
                                                                                        
    FY2021*
  • 
                                                                                        
    FY2022
Dividend Payout Ratio
  • 
                                                                                        
    1H2021
  • 
                                                                                        
    1H2022
  • 
                                                                                        
    1H2023
GP Margin
  • 
                                                                                        
    1H2021
  • 
                                                                                        
    1H2022
  • 
                                                                                        
    1H2023
OP Margin
  • 
                                                                                        
    1H2021
  • 
                                                                                        
    1H2022
  • 
                                                                                        
    1H2023
NP Margin
Key Ratios (%)
Annual
Interim
  • 
                                                                                        
    FY2020
  • 
                                                                                        
    FY2021
  • 
                                                                                        
    FY2022
ROE (annulised)
  • 
                                                                                        
    FY2020
  • 
                                                                                        
    FY2021
  • 
                                                                                        
    FY2022
ROA (annualised)
  • 
                                                                                        
    1H2021
  • 
                                                                                        
    1H2022
  • 
                                                                                        
    1H2023
ROE (annulised)
  • 
                                                                                        
    1H2021
  • 
                                                                                        
    1H2022
  • 
                                                                                        
    1H2023
ROA (annualised)
Per Share Data
Annual
Interim
  • 
                                                                                        
    FY2020
  • 
                                                                                        
    FY2021
  • 
                                                                                        
    FY2022
Final Dividend per share
(HK cents)
  • FY2020
  • 
                                                                                        
    FY2021
  • FY2022
Special Dividend per share
(HK cents)
  • 
                                                                                        
    FY2020
  • 
                                                                                        
    FY2021
  • 
                                                                                        
    FY2022
Earning per share
(HK cents)
  • 
                                                                                        
    FY2020
  • 
                                                                                        
    FY2021
  • 
                                                                                        
    FY2022
Net Asset per share
(HK$)
  • 
                                                                                        
    1H2021
  • 
                                                                                        
    1H2022
  • 
                                                                                        
    1H2023
Earning per share
(HK cents)
  • 
                                                                                        
    1H2021
  • 
                                                                                        
    1H2022
  • 
                                                                                        
    1H2023
Net Asset per share
(HK$)
Sustainability

Every year, we keep focusing on improving our operations, enhancing employment and labour practices, sustaining investment in the community, and mitigating impacts on the environment.

2022 ESG Report
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Sustainability