Master Kong said that in the first half of 2024, China's economy will generally operate smoothly. Consumers pay attention to the price-quality ratio of products, and shopping channels have shifted, driving indonesia phone number sample the growth of warehouse membership stores, discount stores , and interest e-commerce channels. Companies with strong product power, brand power, and channel control can better adapt to changes, serve consumers, and thus drive performance growth.
In terms of specific business, Master Kong's instant noodle business revenue in the first half of the year was 13.814 billion yuan, 136 million yuan less than the same period last year, a year-on-year decrease of 1%, but it is still one of the company's main sources of income, accounting for 33.5% of the group's total revenue.
The beverage business performed strongly, with revenue reaching 27.06 billion yuan, up 1.7% year-on-year, accounting for 65.7% of the group's total revenue. Other businesses had revenue of 322 million yuan, down 8.3% year-on-year, accounting for 0.8% of the group's total revenue.
Looking ahead to the second half of the year, Master Kong said in its financial report that domestic demand is expected to remain the key driving force for economic growth in the second half of 2024. It will actively expand consumer scenarios and sales point coverage, and take multiple measures to stimulate the consumption vitality of the target population. The instant noodles business will continue to launch products of different specifications, prices and flavors to serve consumers, and continue to promote the expansion of the overall scale of the industry. The beverage business will accelerate the establishment of scale advantages, focus on core products, expand innovative products, meet the needs of consumers in different scenarios, and promote sales growth.