1. China Stocks

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    Distribution services

  3. •

    Food distributors
Shineroad International Holdings Limited

Shineroad International Holdings Limited

HHKEX:1587
0.50
HKD
+0.02
(+4.17%)
409.67MMarket Cap
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
0.67
0.74
0.78
0.88
0.85
0.96
1.27
1.07
1.01
0.97
0.96
- -
Basic EPS, GAAP
0.05
0.04
0.04
0.05
0.04
0.05
0.13
0.07
0.03
0.06
0.08
- -
Free Cash Flow per Basic Share
0.03
0.01
0.05
0.06
-0.01
0.07
-0.02
0.09
-0.01
-0.01
0.03
- -
Dividend per Share
0.05
- -
0.09
- -
- -
- -
0.01
0.02
0.01
0.01
0.02
- -
Book Value per Share
0.11
0.15
0.21
0.4
0.45
0.5
0.61
0.66
0.68
0.73
0.8
0.71
Tangible Book Value per Share
0.11
0.15
0.21
0.4
0.45
0.5
0.61
0.66
0.68
0.73
0.8
0.71
Basic Weighted Avg Shares
680
680
680
598
680
680
680
680
680
680
680
680
Sales/Revenue/Turnover
456
501
528
526
580
655
864
728
684
662
651
- -
Operating Margin (%)
10.1
8.61
7.81
7.79
6.69
6.99
10.13
8.51
5.95
9.24
8.57
- -
Depreciation Expense
- -
- -
- -
1
4
4
4
4
3
3
2
- -
Net Income, GAAP
32
30
27
28
30
35
86
48
20
44
58
- -
Effective Tax Rate (%)
26.44
25.91
29.12
31.06
26.92
29.26
20.49
27.2
36.45
28.96
29.46
- -
Profit Margin (%)
7.05
5.94
5.16
5.35
5.17
5.33
9.97
6.54
2.96
6.6
8.84
- -
Working Capital
75
139
183
272
299
333
314
312
230
227
429
331
LT Debt
- -
40
40
- -
1
5
4
2
27
63
82
82
Total Equity
75
100
144
273
304
337
414
451
463
499
541
482
Return on Invested Capital (%)
- -
24.37
17.65
12.15
9.62
9.76
19.89
9.7
3.82
7.91
8.22
- -
Return on Capital (%)
- -
25.23
17.68
12.56
10.41
10.83
22.13
10.51
4.28
7.98
9.37
- -
Return on Common Equity (%)
- -
34.13
22.42
13.48
10.39
10.88
22.92
11.02
4.43
9.08
11.08
- -

Capital Structure

CNY

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
33
17
29
LT Borrowings
66
81
82
LT Finance Leases
1
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
680
680
680
Market Capitalization
348
402
354

Working Capital

CNY

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
372
516
418
Cash, Cash Equivalents & STI
204
350
245
Accounts Receivable, Net
74
87
77
Inventories
51
42
60
Total Current Liabilities
128
87
87
Payables & Accruals
- -
- -
- -
ST Debt
33
17
29
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
23.93%
10.11%
8.44%
Free Cash Flow
-205.57%
-194.83%
-283.19%
Net Income, GAAP
20.24%
38.41%
31.89%
Sales/Revenue/Turnover
4.34%
1.05%
-1.54%
Total Cash Common Dividend
- -
- -
51.8%

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
662
2025
- -
- -
651
2026
- -
- -
- -

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.06
2025
- -
- -
0.08
2026
- -
- -
- -

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.01
2025
- -
- -
0.02
2026
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Xin Rong Huang
Full Time Employees
159
Sector
Distribution services
Industry
Food distributors
Address
Block 1 Zhongyou Building Shanghai China
IPO Date
Jun 27, 2018
Website
shineroad.com
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Business
Shineroad International Holdings Limited (1587.HK) is an investment holding company principally engaged in the distribution of food ingredients, food additives, and packaging materials primarily in Mainland China, with expanding operations in Southeast Asia including subsidiaries in Vietnam and Thailand. Founded in 1996 and headquartered at 25th Floor South, Block 1, Zhongyou Mansion, Lane 1040 Caoyang Road, Putuo District, Shanghai, China, the company serves food ingredients and additives processing companies, manufacturers, trading firms, and foodservice providers across diverse segments such as dairy, beverages, bakery, health care, candy and chocolate, snacks, frozen beverages, and others; key products include flavors, spices, whipped cream, color fixatives, natural colors, emulsifiers, and stabilizers sourced from global suppliers like Nestlé (Switzerland), Mitsubishi (Japan), Sensient (US), Kerry (Ireland), Cargill, and AAK. Core customers encompass major brands including Bright Dairy, Yili, New Hope, Nestlé, Coca-Cola, Suntory, Wahaha, Want Want, Uni-President, Nongfu Spring, Genki Forest, Mars, Orion, PepsiCo, Glico, COFCO, Kerry Grain and Oil, Daka, and inm. Recent developments include obtaining the exclusive distribution rights for ingredients from Citrusvil S.A. (Argentina) in August 2024 to bolster its nutritional and functional food portfolio; advancing construction of the Asia-Pacific Innovation Center (40,816 sq. meters) for enhanced R&D, product incubation, production, logistics, and sales, with operations expected in late 2025; maintaining an 8.59% equity interest in Tianye Innovation Company (BSE: 832023), yielding RMB2.5 million realized gain and RMB0.3 million dividends in 2024; entering new supply purchase agreements extending to December 2027; and reporting 2024 revenue of RMB661.6 million, gross profit of RMB125.6 million (margin 18.98%), and net profit of RMB43.7 million, with a proposed final dividend of HK2.25 cents per share.