Xiamen Yan Palace Bird's Nest Industry Co., Ltd. Class H

Xiamen Yan Palace Bird's Nest Industry Co., Ltd. Class H

HHKEX:1497
5.81
HKD
-0.01
(-0.26%)
3.18BMarket Cap
Mar 25Next Earn
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.8
3.24
3.72
4.6
4.45
4.39
- -
Basic EPS, GAAP
0.26
0.36
0.41
0.47
0.34
0.41
- -
Free Cash Flow per Basic Share
0.08
0.41
0.61
0.23
0.31
0.86
- -
Dividend per Share
0.26
0.21
0.17
0.37
0.22
0.22
- -
Book Value per Share
0.45
0.72
0.98
1.65
1.6
1.75
1.75
Tangible Book Value per Share
0.44
0.56
0.81
1.49
1.43
1.61
1.61
Basic Weighted Avg Shares
466
466
466
427
461
455
454
Sales/Revenue/Turnover
1,301
1,507
1,730
1,964
2,050
2,001
- -
Operating Margin (%)
12.48
15.87
15.21
13.9
10.08
14.03
- -
Depreciation Expense
19
28
37
41
56
62
- -
Net Income, GAAP
122
167
192
201
156
189
- -
Effective Tax Rate (%)
22.78
25.12
22.18
22.59
22.35
30.59
- -
Profit Margin (%)
9.38
11.11
11.09
10.24
7.62
9.43
- -
Working Capital
160
181
280
594
402
492
495
LT Debt
16
17
11
111
105
85
72
Total Equity
212
353
472
797
768
836
834
Return on Invested Capital (%)
- -
44.54
41.43
28.09
17.42
20.29
- -
Return on Capital (%)
- -
47.94
40.48
26.94
17.19
20.59
- -
Return on Common Equity (%)
- -
61.49
48.48
32.88
20.63
24.24
- -

Capital Structure

CNY

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
30
27
26
LT Borrowings
- -
- -
- -
LT Finance Leases
96
85
72
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
466
462
462
Market Capitalization
2,676
2,396
2,748

Working Capital

CNY

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
891
1,122
1,096
Cash, Cash Equivalents & STI
518
636
691
Accounts Receivable, Net
68
91
102
Inventories
198
272
201
Total Current Liabilities
515
630
601
Payables & Accruals
- -
- -
- -
ST Debt
30
27
26
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
34.9%
8.84%
Free Cash Flow
- -
122.28%
174.85%
Net Income, GAAP
- -
11%
20.64%
Sales/Revenue/Turnover
- -
9.22%
-2.41%
Total Cash Common Dividend
- -
4.81%
-1.84%

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
2,050
2025
- -
- -
2,001
2026
- -
- -
- -

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.34
2025
- -
- -
0.41
2026
- -
- -
- -

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.22
2025
- -
- -
0.22
2026
- -
- -
- -

Company Description

CEO
You Quan Li
Full Time Employees
1,635
Sector
Consumer non-durables
Industry
Food: major diversified
Address
Caizihui No. 188 Xiamen FU China
IPO Date
Dec 12, 2023
Business
Xiamen Yan Palace Bird's Nest Industry Co., Ltd. (1497.HK) engages in the research, development, production and marketing of edible bird's nest (EBN) products in China. The company offers pure EBN products, EBN+ products and +EBN products across four major product lines including bowl bird's nest such as One Nest series (e.g., Orange Sincerity, President), fresh stewed bird's nest, rock sugar bird's nest and dried bird's nest; it also provides innovative items like EBN porridge (e.g., milk and black rice, thick taro puree and milk flavors), Bird’s Nest Peptide Natural Soda Water, Whole Ginseng Bird’s Nest Drink, YANPEP燕窝肽 series (oral peptides, collagen protein essence drink, natural strontium water), E-Jiao bird’s nest co-branded with Dong-E-E-Jiao, Bazhen freeze-dried bird’s nest and customized light bowls for Sam's Club. Operations span online channels (self-operated stores on JD, Tmall, Douyin; e-commerce platforms like JD, Vipshop; 60.6% of 2024 revenue) and offline channels (108 self-operated stores, 650 distributor-operated stores covering 220+ cities; 39.4% of revenue); the company maintains the largest EBN market share in China for eight consecutive years, with a nationwide network and initial overseas expansion including a New York store in 2025, products in California supermarkets and Costco, plus a planned Singapore store. Founded in 1997 and headquartered in Xiamen, China, the group operates the world’s largest EBN processing factory in Gansu and a new intelligent factory. Recent developments include appointing Gong Li and Wang Yibo as global brand ambassadors in 2024, partnering with Hua & Hua Strategic Consulting for brand upgrade and super symbol reconstruction, launching the “The Gift of Time” product conference with Gong Li, drafting China’s first EBN product industry standard, scientific collaborations with Peking University and Jiangnan University confirming One Nest and fresh stewed benefits, H-share full circulation completion in December 2024, ongoing share repurchases (e.g., up to HK$100 million), revenue growth to RMB2.05 billion in 2024 (up 4.37% YoY) driven by e-commerce surge and new products (EBN porridge sales exceeding 7.358 million bowls), and profit rebound of 20-35% in H1 2025 despite revenue pressures.