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High quality innovation speed up instant noodle industry transformation and upgrading

Classification:
News
Author:
DONGFANG NAOMU
Source:
www.noodlemachinery.com
Release time:
2019/10/25
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High quality innovation speed up instant noodle industry transformation and upgrading
 
China's instant noodle market has picked up speed this year, and several listed companies in the instant noodle industry recently released a series of first-half performance growth. Among them, master kong's first-half revenue of 30.495 billion yuan, instant noodles revenue growth of 3.68%; Uni-president's first-half revenue of 11.47 billion yuan, instant noodles business revenue of 4.268 billion yuan, a year-on-year increase of 2.8%; The net profit of nissin food increased 41.1% year on year to hk $1.498 billion.
Nielsen data show that in the first half of 2019, China's instant noodle market overall sales rose 1.4%, sales increased 7.5% year-on-year. Against the background of global economic uncertainty and escalating trade frictions, master kong, jinmalang and other enterprises have launched global market strategic layout and continued to promote the upgrading and development of the instant noodle industry with higher quality innovation.