HK Stock Connect Insight | NISSIN FOODS (01475.HK) Down About 35% from 52-Week High After Stock Connect Removal, total market capitalisation of HKD 6.507 billion

On October 16, 2026, Nissin Foods closed at HKD 6.235, up 0.73% on the day, with turnover of HKD 2.959 million and total market capitalisation of HKD 6.507 billion.

Data show that Nissin Foods' share price moved in a narrow range with a downward bias over the past week (October 9 to 16). On October 15 it fell 6.00% in a single day to HKD 6.190, the largest daily decline of the week.

Over a longer horizon, the share price has fallen 34.58% from its 52-week high of HKD 9.531 and stands about 10.3% above its 52-week low of HKD 5.651; since October the share price has fallen 6.66% cumulatively. Total market capitalisation stands at HKD 6.507 billion, still above the HKD 4 billion threshold under the Stock Connect small-cap removal rules; the company's removal stemmed from the regular review results of the Hang Seng Composite Index, and Hang Seng Indexes Company did not state the specific reasons in its announcement. After the Stock Connect removal, trading in the shares has clearly shrunk, with single-day turnover of just HKD 6,600 on October 13, HKD 131,000 on October 14 and HKD 2.959 million on October 16.

On August 21, 2026, Hang Seng Indexes Company announced the semi-annual review results, under which Nissin Foods was removed from the Hang Seng Composite Index; on September 7 the adjustment took effect and Nissin Foods was accordingly removed from Stock Connect. From the effective date, mainland Stock Connect investors may only sell and cannot open new positions.

It is understood that Nissin Foods listed on the Main Board of HKEX on December 11, 2017 at an offer price of HKD 3.540, with Nissin Foods Holdings Co., Ltd. of Japan as controlling shareholder holding 72.05%. On August 18, 2020, the company announced its inclusion in the Hang Seng Composite Index and seven other Hang Seng index series, and was admitted to Stock Connect from September 7, 2020. It has about 1.044 billion issued shares as at October 2026.

Looking at the historical share price trend, the company was admitted to Stock Connect on September 7, 2020, closing at HKD 8.760 that day with market capitalisation of HKD 9.411 billion. The share price has since moved with the consumption sector cycle, falling 28.8% cumulatively during the Stock Connect membership period, with market capitalisation declining from about HKD 9.411 billion to HKD 6.507 billion at present, a cumulative contraction of about 30.9%.

Public information shows that Nissin Foods is a well-known food company in Hong Kong and the Chinese mainland and the largest instant noodle company in Hong Kong, mainly engaged in the production and sale of noodles, steamed foods, frozen foods, beverage products, snacks and vegetable products, with five flagship brands: CUP NOODLES, Demae Iccho, Doll, Doll Dim Sum and Fuku. In 2025, the Chinese mainland accounted for 58.54% of revenue and Hong Kong and other regions for 41.46%.

Financially, the company's revenue has remained stable: revenue in 2023 to 2025 was HKD 3.833 billion, HKD 3.812 billion and HKD 4.001 billion, up -5.77%, -0.56% and 4.96% year on year respectively. Net profit attributable to shareholders was HKD 330.2 million, HKD 201.0 million and HKD 331.4 million respectively; the 33.84% decline in 2024 was mainly due to an impairment loss of HKD 135.9 million on investments in an associate, and 2025 recovered to 5.97% growth. In the first half of 2026, revenue was HKD 2.071 billion, up 2.82% year on year, and net profit attributable to shareholders was HKD 175.2 million, up 2.07% year on year. As at the end of June, cash and cash equivalents stood at about HKD 1.608 billion, and the company has paid a dividend of HKD 0.16 per share in 2026, up 64.9% year on year.

On product and business developments, Nissin Foods continued brand collaborations and new product launches during the year: on September 25, its Demae Iccho brand launched a limited-edition collector's box in collaboration with the Japanese virtual singer project Piapro Characters, with a limited Miku Hatsune soft vinyl figure included; on September 1, the company entered its first partnership with Korean fried chicken brand bhc CHICKEN; and marking the 50th anniversary of Nissin U.F.O. yakisoba, the company launched new products such as Korean spicy chicken flavoured yakisoba that break through its established flavour framework.

Data source: HKEX, Hang Seng Indexes Company, Wind, East Money; not investment advice; as at the close on October 16, 2026 (Hong Kong market closed on October 19, a public holiday).