安全、节流、增效、创新.PDF

安全、節流、增效、創新 Security, Cost Saving, Effeciency and Innovation Chief Executive Officer James Chun-Hsien WEI 10 TINGYI (CAYMAN ISLANDS) HOLDING CORP. Management Discussion and Analysis Amid the overall PRC environment has been stepped into the New 2015 Normal, the 2015 objectives of the Group had been below expectation. It was mainly caused by the objectives of a decline in instant noodles sales due to the price increase for quality upgrade has resulted in the sales channel taking a wait and see stance. During the year, overall “ ” ’ Ready-To-Drink ( RTD ) tea market was not good. The Group s RTD sales decreased though the market share of RTD tea had not dropped. In addition, the market share of bottled water decreased because we had not grasped timely the situation of the rise of the expansion of the market of bottled water at medium prices. As a result, the objective to activate asset utilization ratio was not satisfactory.