Food and beverage giant Master Kong's net profit in the first half of the year plunged 14.5%, and the net profit of instant noodles fell by nearly 50%.

On August 23, the domestic food and beverage giant Master Kong Holdings Co., Ltd. (hereinafter referred to as "Master Kong") released the first half of 2021 performance report.

According to the performance report, Master Kong achieved revenue of 35.396 billion yuan in the first half of the year, an increase of 7.47% year-on-year; gross profit margin reached 31.05%, down 2.38% year-on-year; net profit was 2.035 billion yuan, down 14.50% year-on-year.

In terms of business, Master Kong's instant noodles in the first half of the year achieved revenue of 12.717 billion yuan, down 14.68% year-on-year, and net profit reached 895 million yuan, down 47.17% year-on-year; beverage revenue was 22.274 billion yuan, an increase of 26.53% year-on-year, and net profit reached 1.553 billion yuan, an increase of 39.78% year-on-year. According to the performance report, the second and third quarters of each year are the peak seasons for beverage sales, and june to August is the peak period for the peak sales season. Mainly affected by hot weather, the demand for packaged drinks has increased.

It is understood that Master Kong is mainly engaged in the production and sales of instant noodles, drinks, cakes and related supporting industries in China. After developing and producing the first package of Master Kong instant noodles in Tianjin in 1992, "Master Kong" has successively set up production bases in Guangzhou, Hangzhou, Wuhan, Chongqing, Xi'an, Shenyang and other places, from the development of convenience food business to the pastry business, beverage business and other business areas. It is currently the world's largest manufacturer of instant noodles. (Wen |ai Finance and Economics Intern Xu Kang)