HK Stock Market Move | TINGYI (00322) rose by more than 6%. The profit performance in the first half of the year exceeded expectations, and institutions are optimistic about the company maintaining a high dividend payout ratio.

TINGYI (00322) rose over 6% again, and as of the time of writing, it is up 6.59%, priced at HKD 13.1, with a trading volume of HKD 338 million. In terms of news, on August 11, Master Kong disclosed its interim results for the first half of 2026. During the reporting period, the company achieved revenue of approximately RMB 40.545 billion, a year-on-year increase of 1.1%; net profit of approximately RMB 2.433 billion, a year-on-year increase of 7.1%. After excluding a one-time asset activation gain of RMB 160 million from the first half of 2025, the adjusted net profit attributable to the parent company increased by 15.2% year-on-year, with profit growth better than market expectations. The gross profit margin reached 35.8%, an increase of 1.3 percentage points compared to the same period last year. Huatai released a research report stating that looking ahead, the company's beverage and food businesses are expected to continue to show resilience in demand, with stable growth in core products and the launch of new products collectively contributing to revenue growth. The comprehensive cost pressure for 2026 is expected to be overall manageable, and the company is likely to maintain stable profit margins through product structure optimization and improved operational efficiency. We expect the company's dividend payout ratio over the next 2-3 years to remain at 100%, with an attractive dividend yield, "buy."