Anjoy Foods Group Co., Ltd.

Anjoy Foods Group Co., Ltd.

2648.HK
Anjoy Foods Group Co., Ltd.HK flagHong Kong Stock Exchange
73.25
HKD
-0.85
- -
2.93BMarket Cap
Anjoy Foods Group Co., Ltd.
2648.HK
(Hong Kong Stock Exchange)

Recent

price

73.25

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
7.71
8.76
10.99
13.63
15.77
18.41
16.87
19.7
23.56
30.11
38.59
43.04
47.89
51.75
52.42
51.97
Revenue per Share
0.45
0.58
0.64
0.8
0.79
1.09
0.98
1.25
1.67
2.61
2.84
3.89
5.04
5.08
4.4
4.65
Basic EPS, GAAP
-0.72
-1.19
-0.18
0.14
0.95
-0.19
0.28
-0.74
-0.14
-0.14
-1.56
1.18
1.74
4.11
4.67
-2.87
Free Cash Flow per Basic Share
0.02
0.03
0.05
0.07
0.06
0.05
0.3
0.35
0.45
0.56
0.81
0.77
1.94
3.18
3.44
3.37
Dividend per Share
1.05
2.09
2.68
3.42
4.18
5.2
5.05
5.84
7.47
9.26
10.91
12.56
15.28
16.31
17.41
17.61
Book Value per Share
2.21
2.44
3.02
3.82
4.63
5.61
7.77
9.13
12.1
15.04
17.4
36.71
39.03
40.52
46.33
41.83
Tangible Book Value per Share
159
163
163
163
162
163
207
216
224
231
240
283
293
292
309
292
Basic Weighted Avg Shares
1,224
1,427
1,786
2,220
2,561
2,997
3,484
4,259
5,267
6,965
9,272
12,183
14,045
15,127
16,193
15,187
Sales/Revenue/Turnover
7.74
8.71
7.55
7.69
5.62
7.28
7.24
8.16
8.81
10.96
8.4
10.8
12.94
12.25
12.06
11.11
Operating Margin (%)
- -
- -
33
47
57
81
91
114
142
173
243
342
412
492
579
- -
Depreciation Expense
71
95
104
130
128
177
202
270
373
604
682
1,101
1,478
1,485
1,359
1,358
Net Income, GAAP
19.98
24.67
24.63
23.88
23.64
23.23
23.14
22.16
22.88
22.73
21.9
21.68
22.47
23.87
25.3
24.29
Effective Tax Rate (%)
5.84
6.62
5.83
5.87
5.01
5.92
5.81
6.35
7.09
8.67
7.36
9.04
10.52
9.82
8.39
8.94
Profit Margin (%)
133
68
-16
-63
-173
-142
375
679
736
1,648
1,210
6,429
6,420
6,672
8,943
6,949
Working Capital
- -
37
10
- -
- -
- -
- -
354
- -
736
146
4
4
37
48
36
LT Debt
399
464
569
699
827
1,005
1,693
2,078
2,856
3,684
5,144
11,899
12,901
13,270
15,904
13,630
Total Equity
- -
16.53
15.3
16.17
11.59
15.18
12.54
11.29
11.67
14.72
11.65
11.3
10.85
10.44
9.48
9.07
Return on Invested Capital (%)
- -
24.76
20.88
21.35
17.28
19.61
18.68
17.48
19.01
24.11
22.19
29.63
31.33
28.22
22.7
23.2
Return on Capital (%)
- -
37.31
26.81
26.23
20.76
23.26
21.42
23.45
25.48
31.68
28.65
35.65
36.78
32.1
26.8
27.4
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
119
282
610
LT Borrowings
- -
- -
- -
LT Finance Leases
36
36
36
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
293
293
293
Market Capitalization
- -
- -
- -

Working Capital

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
10,351
9,802
9,996
Cash, Cash Equivalents & STI
6,100
6,229
5,140
Accounts Receivable, Net
626
447
806
Inventories
3,285
2,801
3,709
Total Current Liabilities
3,679
2,715
3,047
Payables & Accruals
- -
- -
- -
ST Debt
119
282
610
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
38.13%
40.42%
19.84%
Free Cash Flow
24.3%
221.09%
20.01%
Net Income, GAAP
28.63%
20.12%
-8.46%
Sales/Revenue/Turnover
20.6%
18.91%
7.05%
Total Cash Common Dividend
105.93%
60.19%
14.42%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,755
3,789
3,533
4,050
15,127
2025
3,600
4,005
4,822
- -
16,193
2026
4,710
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.5
- -
- -
- -
5.08
2025
1.35
- -
- -
- -
4.4
2026
1.7
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
- -
- -
- -
3.18
2025
0.95
- -
- -
- -
3.44
2026
0.01
- -
- -
- -
- -
Business
Anjoy Foods Group Co., Ltd. is a China-based frozen-food producer and distributor focused on the research, development, processing, production, wholesaling, retailing and sale of quick-frozen food products. The company operates through a vertically integrated platform encompassing in-house R&D, production facilities, centralized quality control and a multi-channel go-to-market model. Its product portfolio spans frozen prepared meals, dumplings and buns, ready-to-eat dishes, seafood and meat-based items, vegetables, and baked goods acquired or developed to broaden its offerings; it maintains a growing emphasis on private-label manufacturing, OEM services, and export sales alongside branded retail and foodservice activities. Anjoy Foods is headquartered in Xiamen, China, and maintains a nationwide manufacturing footprint supported by a cold-chain logistics network to service retail, e-commerce, foodservice, and institutional customers. Mandatory main products and services Anjoy Foods delivers frozen and quick-frozen food products and related services across multiple categories, including: - Frozen prepared foods and ready-to-eat meals (dumplings, buns, dim sum, ready meals, hotpot ingredients) - Frozen seafood and meat products (surimi, fish and seafood items, meat-based products) - Frozen vegetables and alternative frozen staples - Baked goods and baked-dessert items (post-2025 expansion through acquisitions) - Private-label manufacturing and OEM services for supermarkets and brands - Foodservice and institutional supply for restaurants, canteens, catering operators - Export/frequency international sales of frozen foods - Raw material processing and co-pack services within the frozen-food value chain Latest major company changes - Strategic expansion into baked goods and frozen bakery through a 70% acquisition of Jiangsu Dingweitai in mid-2025, diversifying product mix and higher-margin categories - Completion of a landmark cross-border capital-market footprint with an A+H listing achieved in 2025, broadening international investor access and liquidity - Consolidation and expansion of cold-chain logistics and regional processing capabilities to support multi-channel distribution (retail, foodservice, e-commerce) following the 2024–2025 period - Ongoing upgrades to R&D infrastructure and process automation to improve efficiency, product quality and shelf-life across core frozen categories - Growth in e-commerce and direct-to-consumer channels to capture higher-margin digital sales and enhance brand presence in domestic and select international markets Additional context - Industry and segments: frozen/quick-frozen foods, snacks and prepared meals; private-label manufacturing; multi-channel distribution including retail, foodservice and e-commerce - Target markets: domestic China market with selective overseas exports; expanding into bakery and prepared-meal categories to drive growth - Geographic operations: headquarters in Xiamen, China; nationwide production network; international reach via exports and cross-border listings - Founding year and headquarters: founded in 2001; headquartered in Xiamen, China - Subsidiaries/parent relations: various regional processing facilities and subsidiaries; expanded via acquisitions (notably Jiangsu Dingweitai) to broaden product scope and geographic reach - Business model: vertically integrated from R&D to production to distribution; multi-channel sales mix including retail, foodservice, OEM/Private-label, and e-commerce; emphasis on scale, cold-chain logistics, and integrated supply chain efficiency - Competitive positioning: diversified frozen-food portfolio with modernized manufacturing and logistics, leveraging scale to compete across price-sensitive and premium segments in domestic markets while pursuing international opportunities