1. People's Republic of China Stocks

  2. •

    Consumer Defensive

  3. •

    Agricultural Farm Products
Jiangxi Zhengbang Technology Co.Ltd.

Jiangxi Zhengbang Technology Co.Ltd.

002157.SZ
Jiangxi Zhengbang Technology Co.Ltd.CN flagShenzhen Stock Exchange
2.94
CNY
-0.06
- -
27.20BMarket Cap
Jiangxi Zhengbang Technology Co.Ltd.
002157.SZ
(Shenzhen Stock Exchange)

Recent

price

2.94

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
5.97
8.28
10.74
12.14
11.2
8.43
9.41
9.02
9.15
10.21
19.58
15.21
4.61
2.11
0.96
1.6
1.46
Revenue per Share
0.05
0.1
0.06
-0.02
0.05
0.16
0.52
0.23
0.08
0.69
2.29
-6.01
-4.28
2.57
0.02
-0.06
0.06
Basic EPS, GAAP
-0.31
0.05
-0.53
-1
-0.61
-0.11
-0.21
-1.4
-0.75
-0.74
-2.31
-2.78
-2.17
-0.61
-0.04
-0.02
-0.1
Free Cash Flow per Basic Share
0.04
0.09
0.11
0.13
0.18
0.1
0.13
0.16
0.24
0.27
0.45
1.14
0.27
0.01
- -
- -
- -
Dividend per Share
0.39
0.6
0.64
0.59
0.68
0.71
1.95
1.9
1.79
2.42
4.62
-2.98
-7.28
-2.44
-0.85
-0.91
-0.9
Book Value per Share
0.87
0.95
0.95
1.03
1.63
1.65
2.93
2.78
2.61
3.99
9.62
0.98
-3.74
2.35
1.08
1.03
1.24
Tangible Book Value per Share
1,244
1,305
1,268
1,283
1,514
1,946
2,011
2,286
2,418
2,402
2,512
3,133
3,125
3,321
9,248
9,246
8,531
Basic Weighted Avg Shares
7,427
10,808
13,627
15,582
16,963
16,416
18,920
20,615
22,113
24,518
49,166
47,670
14,415
6,992
8,870
14,795
12,485
Sales/Revenue/Turnover
1.92
2.44
1.18
0.77
1.16
2.75
6.45
3.92
2.83
6.59
14.69
-34.58
-49.22
-36.98
0.44
-0.63
4.68
Operating Margin (%)
84
124
135
216
306
386
482
599
850
930
2,109
3,805
2,993
1,388
991
1,042
- -
Depreciation Expense
58
126
80
-30
81
311
1,046
526
193
1,647
5,744
-18,819
-13,386
8,529
216
-546
546
Net Income, GAAP
16.89
10.14
24.61
- -
25.61
8.74
3.07
5.43
5.24
0.66
0.44
- -
- -
0.28
3.91
- -
0.86
Effective Tax Rate (%)
0.78
1.17
0.59
-0.19
0.48
1.9
5.53
2.55
0.87
6.72
11.68
-39.48
-92.86
121.98
2.44
-3.69
4.37
Profit Margin (%)
438
259
-515
-569
-306
212
625
-1,405
-2,906
-5,496
5,669
-16,469
-23,263
-297
618
-765
1,028
Working Capital
290
285
364
1,343
1,818
2,106
1,352
2,613
3,872
2,852
9,158
10,768
5,826
1,605
1,279
1,227
1,214
LT Debt
1,218
1,397
1,357
1,497
2,761
3,552
6,219
6,702
6,704
9,975
24,558
3,446
-11,356
8,053
10,181
9,786
10,832
Total Equity
6.74
10.24
4.27
- -
2.86
6.26
13.85
6.73
4.22
9.24
21.97
- -
- -
-22.43
0.34
- -
4.9
Return on Invested Capital (%)
5.15
6.5
6.02
- -
4.72
9.21
18.3
7.09
4.07
13.31
25.57
- -
- -
-218.07
-5.56
- -
-11.29
Return on Capital (%)
13.39
19.89
10.07
-3.82
9.05
25.88
39.52
12.73
4.46
32.46
65.89
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
549
544
503
LT Borrowings
48
48
48
LT Finance Leases
1,231
1,185
1,166
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
9,250
9,250
9,250
Market Capitalization
14,251
23,630
23,289

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
5,883
6,215
6,597
Cash, Cash Equivalents & STI
3,321
3,209
3,418
Accounts Receivable, Net
82
160
175
Inventories
2,009
2,149
2,345
Total Current Liabilities
5,265
5,211
5,568
Payables & Accruals
- -
- -
- -
ST Debt
549
544
503
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-38.6%
-132.78%
-3.88%
Free Cash Flow
77.14%
-35.66%
-55.99%
Net Income, GAAP
5.3%
-214.04%
-352.51%
Sales/Revenue/Turnover
11.22%
-6.13%
66.8%
Total Cash Common Dividend
234.37%
426.66%
2,181.55%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,442
1,781
2,615
3,032
8,870
2025
3,002
3,836
4,137
- -
14,795
2026
3,762
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.01
- -
- -
- -
0.02
2025
0.02
- -
- -
- -
-0.06
2026
-0.04
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Jiangxi Zhengbang Technology Co., Ltd. (002157.SZ) engages primarily in the agricultural industry in China, focusing on the production and sale of animal feed, live pigs, and veterinary drugs; it also develops, produces, and sells mixed feed additives, pre-mixed feed additives, veterinary medicines for pigs and poultry, pesticides including herbicides, insecticides, fungicides, and plant growth regulators, as well as rice, crop protection products, and pork. The company operates through key segments encompassing pig feed, poultry feed, limited aquatic and ruminant feed; breeding and sale of fat pigs, piglets, and boars; pig breeding, duck breeding, pesticide production, and trading of raw agricultural commodities; it provides comprehensive breeding technology services to small and medium-sized enterprises and farmers. Founded in 1996 and headquartered in Nanchang, Jiangxi Province, the company maintains production bases across multiple Chinese provinces and exports to over 30 countries including Southeast Asia, the United States, and Brazil, while employing around 7,780 people and holding honors such as National Key Leading Enterprise in Agricultural Industrialization and Top 500 Chinese Manufacturing Enterprises. In recent developments, Jiangxi Zhengbang Technology reported net profit attributable to shareholders of approximately RMB 202 million for the first half of 2025, a significant turnaround from prior losses, driven by strategic adjustments and a 134.59% surge in pig farming segment revenue to RMB 4.077 billion amid rising pig prices and sales volumes; the company sold 669,700 live pigs in August 2025 alone, up 141.79% year-over-year. It continues heavy investments in research and development, including post-doctoral workstations, the Zhengbang Agricultural Research Institute, and national projects like the "863 Plan" for ecological welfare pig farming, alongside ongoing employee stock ownership plans with 50% of 2024 shares vesting in July 2025; earlier asset restructurings, such as the 2022 sale of feed units to Dabeinong and pig breeding reorganization, supported cash flow restoration and operational focus.