1. China Stocks

  2. •

    Consumer non-durables

  3. •

    Food: specialty/candy
Xiwang Foodstuffs Co., Ltd. Class A

Xiwang Foodstuffs Co., Ltd. Class A

SSZSE:000639
1.62
CNY
+0.10
(+6.58%)
-1.20EPS
1.19BMarket Cap
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
3.29
2.52
3.05
3.88
6.31
5.49
5.33
5.36
5.89
5.59
5.08
4.61
4.2
3.69
Basic EPS, GAAP
0.24
0.16
0.2
0.14
0.39
0.44
-0.7
0.29
0.17
-0.57
-0.02
-0.41
-1.15
-0.97
Free Cash Flow per Basic Share
0.29
0.25
0.12
-0.34
0.39
1.09
0.34
0.48
-0.2
-0.05
0.38
0.2
0.21
- -
Dividend per Share
0.09
0.09
0.03
0.11
0.26
0.17
0.22
0.11
0.08
0.09
0.13
0.13
0.14
0.12
Book Value per Share
1.57
1.65
1.84
2.33
2.54
4.04
3.27
3.38
3.5
3.08
3.09
2.7
1.54
1.65
Tangible Book Value per Share
1.43
1.52
1.71
-3.78
-3.2
-0.92
-0.18
0.15
0.35
0.42
0.4
0.81
0.96
1.57
Basic Weighted Avg Shares
739
743
735
869
890
1,065
1,074
1,079
1,080
1,085
1,081
1,080
1,079
1,080
Sales/Revenue/Turnover
2,427
1,870
2,244
3,375
5,618
5,845
5,727
5,780
6,355
6,071
5,490
4,972
4,530
3,983
Operating Margin (%)
8.74
8.27
7.81
7.71
13.1
14.04
10.73
9.1
4.88
-1.86
2.76
5.08
0.81
-1.89
Depreciation Expense
34
38
39
42
68
69
73
74
86
96
101
84
80
- -
Net Income, GAAP
181
117
146
124
343
468
-752
313
184
-619
-17
-444
-1,242
-1,049
Effective Tax Rate (%)
7.7
11.51
12.03
28.89
17
18.96
- -
18.06
17.6
- -
- -
- -
- -
- -
Profit Margin (%)
7.45
6.28
6.52
3.68
6.11
8.01
-13.13
5.41
2.89
-10.19
-0.31
-8.92
-27.42
-26.33
Working Capital
415
514
555
-125
-409
1,237
1,096
1,194
1,272
1,094
432
593
532
1,088
LT Debt
- -
- -
- -
1,735
1,280
973
1,020
840
645
772
58
92
84
1
Total Equity
1,158
1,219
1,360
2,539
2,770
5,017
4,101
4,292
4,458
3,918
3,913
3,349
1,775
1,930
Return on Invested Capital (%)
14.39
8.92
9.48
3.31
7.16
8.05
- -
5.09
3.57
- -
- -
- -
- -
- -
Return on Capital (%)
15.92
9.12
10.51
4.42
10.37
8.89
- -
6.12
3.3
- -
- -
- -
- -
- -
Return on Common Equity (%)
16.58
9.88
11.34
7.24
15.85
14.14
-19.04
8.71
4.94
-17.42
-0.51
-14.19
-54.33
-44.66

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,761
1,738
1,004
LT Borrowings
75
75
- -
LT Finance Leases
9
7
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,079
1,079
1,079
Market Capitalization
3,573
2,904
1,187

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,962
2,912
2,326
Cash, Cash Equivalents & STI
1,840
1,752
1,538
Accounts Receivable, Net
261
241
102
Inventories
591
584
324
Total Current Liabilities
2,430
2,387
1,238
Payables & Accruals
- -
- -
- -
ST Debt
1,761
1,738
1,004
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.35%
-13.96%
-47.01%
Free Cash Flow
-154.12%
-221.18%
4.27%
Net Income, GAAP
193.01%
426.88%
180.05%
Sales/Revenue/Turnover
9.74%
-4.48%
-8.89%
Total Cash Common Dividend
51.84%
8.37%
7.95%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,298
1,218
1,297
1,158
4,972
2025
1,040
1,079
- -
1,023
4,530
2026
1,048
834
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.05
-0.01
0.02
-0.47
-0.41
2025
0.01
-0.02
- -
-1.15
-1.15
2026
-0.01
0.21
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
0.03
0.04
0.03
0.13
2025
0.03
0.04
- -
0.03
0.14
2026
0.03
0.02
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Yong Zhou
Full Time Employees
1,438
Sector
Consumer non-durables
Industry
Food: specialty/candy
Address
Wang Industrial Park Binzhou SD China 256209
IPO Date
Nov 26, 1996
Website
xiwangshipin.com.cn
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Business
Xiwang Foodstuffs Co.,Ltd. (000639.SZ) engages in the production and sale of starch and starch derivatives, corn oil, and related agricultural products in China. The company offers core products including corn starch, modified starch, maltodextrin, glucose syrup, fructose syrup, corn oil under the Xiwang brand, and monoglyceride; it also provides services such as starch processing, corn oil extraction, and food additive manufacturing. Headquartered in Zouping, Shandong Province, China, Xiwang Foodstuffs was founded in 1999 and operates primarily within the domestic Chinese market, serving food and beverage, pharmaceutical, and industrial sectors. The company's business segments encompass starch processing, corn oil production, and trading of agricultural commodities, with production facilities concentrated in Shandong and expanded operations across northern and eastern China. Xiwang Foodstuffs targets manufacturers in the food processing industry, livestock feed producers, and export markets in Asia. No major subsidiaries or parent company relationships are reported in recent disclosures. In the last 1-2 years, Xiwang Foodstuffs has focused on operational recovery following debt restructuring completed in 2021, with no significant new partnerships, acquisitions, funding rounds, product launches, or strategic shifts publicly announced as of late 2025. The company continues to emphasize cost efficiencies in starch production amid volatile corn prices and regulatory changes in China's agricultural sector. These efforts support steady revenue from core operations without notable expansions or reorganizations.