1. People's Republic of China Stocks

  2. •

    Consumer Defensive

  3. •

    Packaged Foods
Shanghai Milkground Food Tech Co., Ltd

Shanghai Milkground Food Tech Co., Ltd

600882.SS
Shanghai Milkground Food Tech Co., LtdCN flagShanghai Stock Exchange
17.16
CNY
+0.27
- -
8.75BMarket Cap
Shanghai Milkground Food Tech Co., Ltd
600882.SS
(Shanghai Stock Exchange)

Recent

price

17.16

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
3.66
7.31
5.23
2.49
2.04
0.91
1.27
2.3
2.99
4.26
6.97
9.63
9.51
10.54
9.63
11.22
10.66
Revenue per Share
-0.33
1.78
0.89
0.55
0.29
-0.69
0.08
0.01
0.03
0.05
0.15
0.33
0.27
0.12
0.23
0.24
0.33
Basic EPS, GAAP
-0.54
-0.5
0.88
0.59
0.57
0.4
-0.66
-0.52
-0.09
0.41
-0.22
-0.39
-1.4
-0.11
0.29
0.2
-0.71
Free Cash Flow per Basic Share
0.24
0.2
0.12
0.21
0.57
- -
0.05
0.17
0.2
0.2
0.09
0.04
0.05
0.03
0.05
0.07
0.08
Dividend per Share
0.35
4.06
4.59
3.21
2.95
2.26
-1.33
-1.21
-1.22
-1.18
-1.03
-0.35
-0.04
-0.22
- -
0.24
0.26
Book Value per Share
1.64
5.11
3.99
2.94
2.76
1.99
1.48
1.4
1.61
1.78
3.26
9.5
8.56
8.21
7.61
7.94
7.73
Tangible Book Value per Share
216
186
256
401
398
398
403
428
409
409
409
465
508
505
503
502
515
Basic Weighted Avg Shares
788
1,358
1,337
1,002
811
361
512
982
1,226
1,744
2,847
4,478
4,830
5,322
4,844
5,633
5,488
Sales/Revenue/Turnover
-4.6
33.72
25.1
30.85
23.51
-18.84
-3.08
3.09
2.41
4.06
4.83
4.19
3.01
1.02
3.13
5.77
4.19
Operating Margin (%)
86
41
60
60
58
66
34
30
41
53
60
98
143
190
227
251
- -
Depreciation Expense
-71
331
227
221
115
-275
32
4
11
19
59
154
138
60
114
118
170
Net Income, GAAP
- -
25.04
24.84
27.32
27.45
- -
- -
- -
- -
14.68
22.35
16.67
26.52
3.29
29.42
25.39
28.97
Effective Tax Rate (%)
-9.02
24.33
17.01
22.05
14.21
-76.18
6.3
0.44
0.87
1.1
2.08
3.45
2.85
1.13
2.35
2.1
3.09
Profit Margin (%)
-569
280
429
540
279
158
191
526
79
103
265
2,451
2,177
2,065
1,483
679
882
Working Capital
6
75
67
59
34
10
152
868
295
355
511
306
296
699
1,074
731
1,044
LT Debt
353
1,073
1,310
1,461
1,367
1,090
1,160
1,177
1,228
1,266
1,833
4,906
4,883
4,741
4,409
4,562
4,561
Total Equity
- -
22.32
14.67
13.94
9.2
- -
- -
- -
- -
2.78
4.54
3.74
1.75
0.81
1.6
3.43
2.32
Return on Invested Capital (%)
- -
31.26
17.21
15.65
8.92
- -
- -
- -
- -
21.18
15.9
16.54
8.75
4.35
7.45
6.19
7.98
Return on Capital (%)
-64.55
79.8
23.62
17.95
9.37
-26.53
- -
- -
- -
- -
- -
- -
- -
- -
- -
196.47
134.83
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
1,359
1,742
1,868
LT Borrowings
683
673
659
LT Finance Leases
391
390
386
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
512
512
512
Market Capitalization
9,031
12,133
15,722

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
3,631
3,820
3,735
Cash, Cash Equivalents & STI
2,573
2,679
2,294
Accounts Receivable, Net
129
131
132
Inventories
574
621
781
Total Current Liabilities
2,147
2,602
2,853
Payables & Accruals
- -
- -
- -
ST Debt
1,359
1,742
1,868
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
22.09%
32.16%
3.46%
Free Cash Flow
-114.4%
-16.99%
-33.47%
Net Income, GAAP
42.59%
37.36%
4.29%
Sales/Revenue/Turnover
34.67%
16.53%
16.29%
Total Cash Common Dividend
117.96%
10.34%
49.57%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,161
973
1,672
1,249
4,844
2025
1,233
1,334
1,676
- -
5,633
2026
1,626
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.08
- -
- -
- -
0.23
2025
0.16
- -
- -
- -
0.24
2026
0.15
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
- -
- -
- -
0.05
2025
0.01
- -
- -
- -
0.07
2026
0.01
- -
- -
- -
- -
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Business
Shanghai Milkground Food Tech Co., Ltd (600882.SS), formerly Shanghai Ground Food Tech Co., Ltd., is a China-based company principally engaged in the research, development, production and sales of specialty dairy products with cheese as the core; it also produces and sells liquid milk products and conducts dairy product trading. Incorporated in 1988 and headquartered in Shanghai at Guangze Mansion, No. 4388 Xi'an Avenue, the company operates primarily in China, serving consumers and industrial clients through distributors, self-operated e-commerce, large shopping malls and supermarkets. Cheese products comprise ready-to-eat nutrition series including cheese sticks, adult hand-torn cheese strips, cod cheese strips, cheese cubes, mousse cheese cups, fresh cheese, children's growth cups and daily cheese suction; family table series encompassing mozzarella cheese, cheese slices, spread cream cheese and butter; and catering industry series such as grilled cheese, thin cream, thick milk cheese and cheese sauce. Liquid milk offerings include pasteurized milk, fermented milk and room temperature liquid milk. In recent developments, the company pursues the acquisition of 100% equity in Inner Mongolia Mengniu Cheese Co., Ltd., as announced in July 2024, and signed a share transfer agreement to acquire a 42.88% stake in Jilin Guangze Milk Industry Technology Co.; it rebranded from Shanghai Ground Food Tech Co., Ltd. and launched innovative products such as cheese nut crisps entering Sam's Club in September 2025 while releasing a new strategic phase at the 16th Dairy Industry Conference in July 2025.