1. People's Republic of China Stocks

  2. •

    Consumer Defensive

  3. •

    Packaged Foods
Qianhe Condiment and Food Co., Ltd.

Qianhe Condiment and Food Co., Ltd.

603027.SS
Qianhe Condiment and Food Co., Ltd.CN flagShanghai Stock Exchange
6.92
CNY
-0.23
- -
9.23BMarket Cap
Qianhe Condiment and Food Co., Ltd.
603027.SS
(Shanghai Stock Exchange)

Recent

price

6.92

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
- -
0.81
0.9
0.96
0.71
1.4
0.81
1.25
1.57
1.78
2.01
2.54
3.24
2.31
1.93
2.1
Revenue per Share
- -
0.09
0.1
0.08
0.08
0.18
0.12
0.28
0.23
0.22
0.23
0.36
0.54
0.39
0.26
0.33
Basic EPS, GAAP
- -
- -
- -
-0.03
0.01
-0.08
0.01
0.02
-0.05
0.17
-0.1
0.58
-0.03
-0.01
0.19
-0.23
Free Cash Flow per Basic Share
- -
0.04
0.02
0.03
0.01
0.03
0.03
0.05
0.09
0.06
0.06
0.07
0.11
0.39
0.46
- -
Dividend per Share
- -
0.3
0.38
0.43
0.39
0.84
0.62
1.06
1.33
1.54
1.82
2.24
2.61
1.9
1.91
2.03
Book Value per Share
- -
0.39
0.46
0.52
0.48
1.52
0.85
1.47
1.64
1.88
2.06
2.35
3.56
2.65
2.44
2.78
Tangible Book Value per Share
- -
677
677
677
881
551
1,176
854
862
954
958
959
991
1,333
1,331
1,336
Basic Weighted Avg Shares
503
550
613
651
624
771
948
1,065
1,355
1,693
1,925
2,436
3,207
3,073
2,572
2,802
Sales/Revenue/Turnover
15.02
13.73
13.63
10.9
13.78
14.1
17.27
18.22
16.51
19.97
13.51
16.77
18.47
18.24
14.81
17.21
Operating Margin (%)
14
18
20
22
25
31
47
50
66
82
96
107
129
154
193
- -
Depreciation Expense
47
62
70
53
67
100
144
240
198
206
221
344
530
514
348
437
Net Income, GAAP
19.62
17.02
15.73
17.59
17.75
17.94
15.66
15.83
14.55
19.9
15.25
14.37
15.7
15.45
14.92
15.22
Effective Tax Rate (%)
9.36
11.26
11.5
8.14
10.67
12.98
15.19
22.53
14.63
12.15
11.5
14.12
16.54
16.73
13.51
15.59
Profit Margin (%)
109
93
50
-18
35
402
472
822
679
823
864
1,026
1,973
1,844
1,596
1,993
Working Capital
48
36
- -
- -
- -
- -
- -
287
158
1
- -
- -
- -
- -
- -
- -
LT Debt
262
303
361
401
467
890
1,063
1,307
1,593
1,898
2,074
2,353
3,652
3,648
3,366
3,825
Total Equity
- -
17.53
17.17
12.1
12.52
11.91
14.05
11.79
11.05
14.76
11.03
15.45
16.3
12.78
9
10.46
Return on Invested Capital (%)
- -
26.33
23.99
15.53
16.09
21.4
24.37
23.96
15.38
14.78
13.78
17.43
22.08
19.88
13.46
15.75
Return on Capital (%)
- -
34.23
30.8
19.39
20.84
24.67
24.14
29.4
19.36
15.74
13.79
17.67
22.39
20.07
13.7
17.36
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
70
70
331
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,028
1,028
1,028
Market Capitalization
9,580
11,476
11,930

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
2,571
2,637
2,952
Cash, Cash Equivalents & STI
1,476
1,383
1,802
Accounts Receivable, Net
136
113
90
Inventories
893
880
935
Total Current Liabilities
727
619
959
Payables & Accruals
- -
- -
- -
ST Debt
70
70
331
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
24.39%
14.02%
-7.75%
Free Cash Flow
-402.01%
-531.8%
-1,690.41%
Net Income, GAAP
22.91%
16.34%
-32.4%
Sales/Revenue/Turnover
16.25%
10.28%
-16.32%
Total Cash Common Dividend
78.33%
96.04%
19.84%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
895
694
699
785
3,073
2025
831
487
585
- -
2,572
2026
818
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.15
- -
- -
- -
0.39
2025
0.12
- -
- -
- -
0.26
2026
0.11
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.2
- -
- -
- -
0.39
2025
- -
- -
- -
- -
0.46
2026
- -
- -
- -
- -
- -
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Business
Qianhe Condiment and Food Co., Ltd. (603027.SS) manufactures and sells high-quality condiments and food products in China. The company produces soy sauce including light, dark, organic, zero-additive, and mushroom variants; vinegar; cooking wine; oyster sauce; caramel color and caramel color powder; soy sauce powder; and other flavor enhancers and seasonings. It operates primarily through traditional fermentation combined with modern production technologies, sourcing non-GMO soybeans and wheat from Northeast China, pure Zigong well salt, and water from the Minshan Snowy Plateau, with products distributed via over 5,300 distributors across China and exports to more than 30 countries including Southeast Asia, the United States, and Europe. Founded in 1996 and headquartered in Meishan, Sichuan Province, Qianhe maintains production facilities covering 132 acres with current annual capacity of 515,000 tons for soy sauce, vinegar, and cooking wine, ranking it among China's top producers. In partnership with Sichuan Hengtai Food Additives Industrial Co., Ltd., known as China's "Caramel King," Qianhe supplies over 30,000 tons of caramel color annually, holding a 35% domestic market share. The company listed on the Shanghai Stock Exchange main board in 2016 and emphasizes sustainability, smart warehousing, and fully traceable production via German Krones filling lines. Recent developments include the completion of a RMB 539 million soy sauce and vinegar production line expansion raising capacity to 250,000 tons annually by end-2021; an ongoing RMB 1.26 billion ($190 million) intelligent manufacturing project targeting 600,000 tons output by December 2024; receipt of China's first Level 0 Clean Label certification in October 2025; and in 2023 revenue of RMB 3.207 billion (up 31.62% year-over-year) with net profit of RMB 530 million (up 54.22%). Qianhe continues geographic expansions into new Chinese provinces and international markets while launching organic and health-focused products to meet evolving consumer demands.