China Shengmu Organic Milk Ltd

China Shengmu Organic Milk Ltd

HHKEX:1432
0.28
HKD
-0.02
(-8.20%)
2.88BMarket Cap
Mar 30Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.18
0.35
0.49
0.55
0.29
0.34
0.4
0.35
0.36
0.38
0.41
0.38
0.36
- -
Basic EPS, GAAP
0.05
0.12
0.13
0.11
-0.16
-0.35
- -
0.05
0.06
0.05
0.01
-0.01
-0.05
- -
Free Cash Flow per Basic Share
-0.01
-0.06
0.07
0.05
-0.07
0.15
0.12
0.12
0.11
0.11
0.08
0.08
0.1
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.01
- -
- -
- -
Book Value per Share
0.24
0.59
0.72
0.84
0.68
0.32
0.34
0.38
0.44
0.48
0.49
0.48
0.43
0.43
Tangible Book Value per Share
0.23
0.58
0.71
0.84
0.68
0.32
0.34
0.38
0.44
0.48
0.49
0.41
0.4
0.4
Basic Weighted Avg Shares
6,354
6,018
6,354
6,354
6,354
6,354
6,354
7,605
8,379
8,352
8,244
8,208
8,296
8,304
Sales/Revenue/Turnover
1,144
2,132
3,101
3,467
1,861
2,164
2,540
2,661
2,985
3,176
3,384
3,126
3,012
- -
Operating Margin (%)
34.85
40.15
36.65
36.16
51.46
24.23
31.22
33.33
30.54
26.1
24.85
24.92
22.73
- -
Depreciation Expense
29
60
107
148
191
215
136
111
108
112
127
141
145
- -
Net Income, GAAP
327
711
801
681
-1,015
-2,225
28
407
472
416
86
-65
-373
- -
Effective Tax Rate (%)
0.23
0.42
0.42
- -
0.01
- -
0.22
- -
0.17
- -
3.15
- -
- -
- -
Profit Margin (%)
28.62
33.35
25.82
19.63
-54.56
-102.81
1.09
15.28
15.8
13.11
2.54
-2.1
-12.4
- -
Working Capital
-770
-51
1,035
1,362
-737
-1,913
-2,338
-1,079
-813
-196
-867
-518
-338
-338
LT Debt
- -
150
1,117
1,752
720
50
39
30
380
955
1,258
1,649
1,402
1,402
Total Equity
1,708
4,255
5,367
6,336
5,375
2,879
2,411
3,420
3,889
4,262
4,236
4,176
3,805
3,805
Return on Invested Capital (%)
- -
20.33
16.35
- -
10.74
- -
15.64
17.64
17.21
14.44
12.89
- -
- -
- -
Return on Capital (%)
- -
14.29
8.92
- -
-11.61
- -
2.96
9.97
9.61
7.66
2.06
- -
- -
- -
Return on Common Equity (%)
- -
27.27
19.35
13.78
-21.06
-70.27
1.32
15.11
13.72
10.77
2.13
-1.64
-9.89
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
684
1,468
851
LT Borrowings
1,608
806
1,377
LT Finance Leases
42
28
25
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
8,246
8,246
8,339
Market Capitalization
1,310
1,799
2,585

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
2,121
2,215
2,415
Cash, Cash Equivalents & STI
697
1,119
1,118
Accounts Receivable, Net
288
272
279
Inventories
943
649
930
Total Current Liabilities
2,639
3,056
2,754
Payables & Accruals
- -
- -
- -
ST Debt
684
1,468
851
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-0.56%
2.48%
-8.88%
Free Cash Flow
-57.89%
-1.49%
18.52%
Net Income, GAAP
133.87%
43.79%
470.11%
Sales/Revenue/Turnover
1.78%
2.77%
-3.64%
Total Cash Common Dividend
- -
- -
-96.52%

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
3,384
2024
- -
- -
3,126
2025
- -
- -
3,012

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.01
2024
- -
- -
-0.01
2025
- -
- -
-0.05

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.01
2024
- -
- -
- -
2025
- -
- -
- -

Company Description

CEO
Jia Wang Zhang
Full Time Employees
2,272
Sector
Consumer non-durables
Industry
Food: meat/fish/dairy
Address
Food Industry Park Bayannur MO China
IPO Date
Jul 15, 2014
Business
China Shengmu Organic Milk Limited China Shengmu Organic Milk Limited is an investment holding company principally engaged in dairy farming, the production and sales of high-end desert-based organic raw milk under the Sheng Mu Organic brand, and quality non-organic raw milk; it also undertakes beef cow breeding and the distribution of dairy products in the People's Republic of China. The company operates primarily through its subsidiaries in the consumer staples sector, focusing on the farm products industry with a single segment centered on raw milk sales to domestic customers including dairy processors. Founded in 2009 and headquartered in the Food Industry Park, Dengkou County, Bayannur, Inner Mongolia, China Shengmu Organic Milk Limited employs approximately 2,200 people and maintains its registered office in the Cayman Islands. The company conducts its operations exclusively in Mainland China, leveraging desert-based farming techniques to produce organic raw milk that meets stringent quality standards, with products supplied to major dairy enterprises and exported in the form of milk powder to support diversified sales channels. Its business model emphasizes sustainable development, circular economy practices in dairy production, and high-quality output from large-scale herds, positioning it as a leading organic raw milk provider amid industry cycles. In recent developments, China Shengmu Organic Milk Limited faces a proposed mandatory conditional cash offer from China Modern Dairy Holdings Ltd., announced in October 2025, to acquire all issued shares not already owned or agreed to be acquired, at HK$0.35 per share, following conditional share purchase agreements totaling over HK$37.5 million for an additional 1.28% stake and strategic voting proxies; this transaction, valued potentially at US$264 million upon full acceptance, aims to create a leading global dairy group through integration of complementary strengths in scale, efficiency, and sustainability. The company also signed the 2026 Dabeinong Products and Services Supply Framework Agreement and the 2026 Raw Fresh Milk Supply Agreement in November 2025, while terminating prior processing and milk powder purchase frameworks with Yiyingmei Dairy to expand milk powder export trade initiated in August 2025 and align with anticipated demand growth through 2026-2028. Additional changes include board and committee restructurings effective October 2025, with new non-executive directors and enhanced governance across audit, remuneration, nomination, and strategy committees to support ongoing profitability and market expansion.