Master Kong revenue reaches US$6B as profit rises 7.1% in H1 2026

CHINA – Master Kong Holdings reported revenue of approximately 40.55 billion yuan (US$6 billion) in the first half of 2026, up 1.1% year-on-year, as the food and beverage group navigated macroeconomic uncertainty. 

Net profit attributable to shareholders rose 7.1% to about 2.43 billion yuan (US$361.4 million). Overall gross margin increased 1.3 percentage points year-on-year to 35.8%, reflecting continued improvement in profitability. 

Both of Master Kong’s core businesses—beverages and instant noodles—recorded growth during the period. The beverage business remained the group’s largest revenue contributor, generating approximately 26.54 billion yuan (US$3.9 billion), an increase of 0.7% year-on-year. Its gross margin rose 0.7 percentage points to 38.4%. 

Ready-to-drink tea was a key performer within the beverage business, with revenue increasing 9.1% year-on-year. The company said growth was led by its Iced Black Tea product, while its market share in the ready-to-drink tea category continued to increase. 

Master Kong’s instant noodle business generated approximately 13.73 billion yuan (US$2 billion), up 2% year-on-year. Gross margin for the segment increased 2.5 percentage points to 30.3%, while net profit rose 5.5%. 

The company continued to focus on its “mega-hit product” strategy, with Braised Beef Noodles remaining a key product. Master Kong has used space-themed marketing and patented space technology to reinforce the product’s positioning as a high-quality noodle. 

The group is also diversifying its product portfolio and responding to demand for healthier food options. It has introduced non-fried products such as Xian Q Mian, while the “He Mian” series aims to provide consumers with a more meal-like instant noodle experience. 

Master Kong is also advancing environmental, social and governance initiatives across its operations. The company is expanding solar power use and green electricity procurement while upgrading equipment and optimizing production processes to reduce energy consumption and emissions. 

Its packaging initiatives include optimizing PET bottle shapes to reduce material use and waste generation. 

Looking ahead, Master Kong said the macroeconomic environment remains uncertain, while industry upgrading and digital transformation continue to create development opportunities. 

The group said it would maintain a principle of prudent management and focus on organizational efficiency, digital intelligence and its core businesses as it pursues high-quality development in the second half of 2026. 

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