1. People's Republic of China Stocks

  2. •

    Consumer Defensive

  3. •

    Packaged Foods
Ligao Foods Co.Ltd

Ligao Foods Co.Ltd

300973.SZ
Ligao Foods Co.LtdCN flagShenzhen Stock Exchange
23.81
CNY
-1.04
- -
3.97BMarket Cap
Ligao Foods Co.Ltd
300973.SZ
(Shenzhen Stock Exchange)

Recent

price

23.81

P/E

ratio

- -

div

yld

- -

ROIC.AI

2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
12.39
11.8
12.47
14.25
18.15
17.19
20.66
22.82
26.11
24.71
Revenue per Share
0.57
0.47
1.43
1.83
1.82
0.85
0.43
1.59
1.83
1.82
Basic EPS, GAAP
0.38
0.08
1.26
1.02
-2.73
-1.39
-0.48
-0.84
-0.02
-3.51
Free Cash Flow per Basic Share
0.05
0.02
0.28
0.42
0.55
0.51
0.52
0.76
0.78
0.76
Dividend per Share
1.6
1.76
2.77
4.12
4.8
4.6
4.51
5.42
6.56
5.98
Book Value per Share
2.14
2.3
3.33
4.59
11.79
10.87
12.79
13.31
14
13.77
Tangible Book Value per Share
77
111
127
127
155
169
169
168
167
167
Basic Weighted Avg Shares
956
1,313
1,584
1,810
2,817
2,911
3,499
3,835
4,354
4,124
Sales/Revenue/Turnover
6.33
5.64
14.61
16.28
12.99
6.78
3.97
9.67
9.87
10.16
Operating Margin (%)
14
22
28
35
65
94
130
167
192
- -
Depreciation Expense
44
52
181
232
283
144
73
268
305
303
Net Income, GAAP
16.03
24.89
19.6
19.98
19.82
18.33
21.32
21.25
18.34
20.09
Effective Tax Rate (%)
4.6
3.98
11.45
12.83
10.05
4.94
2.09
6.99
7
7.36
Profit Margin (%)
-27
7
160
162
850
524
1,405
673
830
918
Working Capital
- -
- -
29
50
54
43
857
863
933
915
LT Debt
195
306
471
652
1,986
2,128
2,487
2,576
2,673
2,630
Total Equity
- -
17.4
40.6
36.65
20.57
7.32
3.79
8.11
9.02
9.05
Return on Invested Capital (%)
- -
27.94
56.96
47.16
40.6
16.68
6.4
15.27
15.5
16.38
Return on Capital (%)
- -
32.76
66.24
53.06
44.69
18.88
9.47
32.01
30.42
33.47
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
257
260
298
LT Borrowings
827
860
883
LT Finance Leases
37
34
32
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
169
169
169
Market Capitalization
6,609
6,861
8,141

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
1,577
1,879
1,733
Cash, Cash Equivalents & STI
741
952
797
Accounts Receivable, Net
283
369
275
Inventories
380
374
465
Total Current Liabilities
904
771
815
Payables & Accruals
- -
- -
- -
ST Debt
257
260
298
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
47.18%
3.76%
Free Cash Flow
- -
-112.03%
-98.08%
Net Income, GAAP
- -
40.84%
13.71%
Sales/Revenue/Turnover
- -
20.46%
13.51%
Total Cash Common Dividend
- -
21.84%
1.98%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
916
865
936
1,118
3,835
2025
1,046
1,024
1,209
- -
4,354
2026
1,048
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.45
- -
- -
- -
1.59
2025
0.53
- -
- -
- -
1.83
2026
0.38
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
- -
- -
- -
0.76
2025
0.04
- -
- -
- -
0.78
2026
0.06
- -
- -
- -
- -
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Business
Ligao Foods Co., Ltd. (300973.SZ) engages in the research, development, production, and sales of bakery ingredients and frozen bakery products in China and select overseas markets. The company offers a comprehensive range of core products including creams such as vegetable whipping cream, milk cream, and cheese sauces; fruit products encompassing fillings, solubles, purees, and beverage concentrates; sauces and fillings like chocolate, snack food series, salad dressings, and canstarch dressings; fats including butter; as well as frozen baked goods such as mochi, tartlets, donuts, frozen cakes, Swiss rolls, mille crêpe cakes, mousse cakes, and egg tarts; complemented by pork floss products and select snacks. Founded in 2000 and headquartered in Guangzhou, Guangdong Province, China, at Building 2, Hongding Yunjinghui, No. 559-571 Yuncheng East Road, Baiyun District, the company operates through over 21 subsidiaries and affiliates, including research facilities in Osaka, Japan, and distribution entities in California, United States, serving primarily business-to-business customers in the bakery, foodservice, supermarket, new retail, restaurant, and tea sectors with annual sales revenue exceeding 3.8 billion yuan in 2024. In recent developments, Ligao Foods expanded its U.S. presence through Ligao Foods USA Inc., partnering with KeHE Distributors to distribute layer cakes and Swiss rolls, and with US Foods to launch LIGAO pastries nationwide; it reportedly established a joint venture with Feihe Dairy known as Heli to bolster dairy processing capabilities; and achieved strong first-half 2025 financial performance with revenue growth of 16.2% to 2.07 billion yuan driven by over 28% cream sales increase, new product launches in snacks and beverages, channel expansions, and efficiency reforms. The company maintains geographic focus predominantly on China, where it generated 3.76 billion yuan in 2024 sales, with emerging overseas contributions rising to 63.99 million yuan, supported by advanced production lines from global suppliers like Germany’s Siemens, Switzerland’s RONDO, and Japan’s Shikoku.