Master Kong Holdings’ revenue last year was nearly 62 billion, and instant noodles sold 25.3 billion

Master Kong Holdings’ revenue last year was nearly 62 billion, and instant noodles sold 25.3 billion
On March 23, Master Kong released its 2019 performance report. In 2019, Master Kong achieved revenue of 619.7.8 billion, an annual increase of 2.13%; profit attributable to shareholders of the company is 33.310,000 yuan, an annual increase of 35.twenty two%.Master Kong Holdings said that the instant noodle business has grown steadily during the year, and the structural adjustment of the beverage business has achieved initial results. The positive growth trend in the second half of the year is obvious.In terms of business scale, the average price of instant noodles and beverages of the two major business lines of Master Kong Holdings has increased. Among them, the instant noodle business revenue is 25.3 billion US dollars per year.79%.Among instant noodles, container noodles had the highest revenue, reaching 123.21 trillion, high-priced bag noodle revenue was 101.9.8 billion yuan.It focuses on consolidating high prices and high-end markets, simultaneously expanding the ultra-high-end market, and realizing sales growth.The beverage business revenue was 35.6 billion yuan, an annual increase of 0.81%.Revenue of tea products reached 155.79 ppm, revenue of carbonated drinks and other products was 122.3.7 billion yuan.Master Kang believes that ready-to-drink tea uses core products to consolidate the mass consumer market, and launched a high-end product “Master Kang Tea Sensation Hall” to seize the high-end market.Pepsi’s carbonated bottling business conforms to the trend of consumption upgrades with multi-flavors, multi-specifications, refined packaging, and reduced saccharification to increase consumption momentum.For the development in 2020, the title of Master Kong Holdings, the group ‘s instant noodle business, and the beverage business will be affected differently by different epidemic conditions.As an important product to stabilize people’s livelihood, instant noodles will try its best to meet the high demand during the epidemic. Although the sales of beverages will face the impact of the decline in the number of terminal stores during the epidemic, rebound consumption is expected after the epidemic.Overall, it is expected that the instant noodle business will have a good growth in 2020, and the wine industry plans to have a short-term pressure on revenue and transfer volume due to the epidemic in the first half of the year, but it should rebound rapidly in the second half of the year.Sauna, Ye Wang Wang Yang, editor Li Yan proofreading Li Shihui