Shandong Longda Meishi Co., Ltd.
002726.SZ
Shenzhen Stock Exchange1.46
CNY
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Shandong Longda Meishi Co., Ltd.
002726.SZ
(Shenzhen Stock Exchange)
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1.46
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ROIC.AI
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in mil. unless spec.- Similar Companies
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- Shandong Longda Meishi Co., Ltd. is a China-based company primarily engaged in the production, processing, and sale of chilled and frozen meat products alongside cooked food products. The company operates an integrated meat processing value chain including pig breeding, feed production, pig farming, slaughter, segmentation, meat processing, and food safety testing. Its main product categories include prepared food products such as prepared ingredients, semi-finished products, prefabricated products, cooked food products, as well as fresh and frozen meat. The company serves both domestic and export markets, including sales to Japan, and maintains operations across multiple regions in China. Founded in 1996 and headquartered in Laiyang City, Shandong Longda Meishi has positioned itself as a leading food company in China focusing on healthy diet solutions. In terms of recent developments, the company changed its name from Shandong Longda Meat Foodstuff Co., Ltd. to Shandong Longda Meishi Co., Ltd. in December 2021. Over the past 1-2 years, it has undergone significant operational adjustments, including strategic expansion in food processing with a focus on pre-cooked foods. New production facilities in Sichuan, Hainan, and Jiangsu provinces are expected to double theoretical production capacity by late 2024. The company has pursued market development initiatives such as targeted product introduction and category expansion to drive growth among existing customers while attracting large new clients. Despite reporting substantial net losses in the first half of 2023, the company forecasted a return to profitability in 2024, supported by recovering live pig prices and profitable subsidiary disposals. Shandong Longda Meishi continues to develop its nationwide supply and processing network, aiming to build 20+ source guarantee and food processing bases and over 10 food processing factories to achieve self-sufficiency within key regions. Shandong Longda Meishi operates primarily in the meat processing industry with business segments spanning slaughtering, fresh and frozen meat products, prepared and cooked foods, and aquaculture. Its core customers include food retailers, distributors, and institutional clients domestically in China and in select overseas markets. The company’s vertically integrated model and product diversification position it competitively in China’s meat and prepared food sectors, emphasizing food safety and quality. It remains committed to expanding its operational footprint and improving product mix through strategic investments and market penetration initiatives. This operational and strategic profile reflects Shandong Longda Meishi Co., Ltd.'s status as a significant player in the Chinese meat and prepared food industry, with recent adaptations geared toward growth and enhanced production capability. The company’s comprehensive product offerings and recent capacity-building efforts underscore its focus on strengthening its market position and financial performance in the evolving food industry landscape.