1. China Stocks

  2. •

    Process industries

  3. •

    Agricultural commodities/Milling
New Hope Liuhe Co., Ltd. Class A

New Hope Liuhe Co., Ltd. Class A

SSZSE:000876
6.81
CNY
0.00
(0.00%)
28.23BMarket Cap
Oct 31Next 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
19.92
18.89
14.75
14.55
14.82
16.21
19.85
25.99
28.96
34.89
22.75
19.59
24.55
- -
Basic EPS, GAAP
0.54
0.54
0.53
0.59
0.54
0.4
1.22
1.17
-2.2
-0.36
0.04
0.09
-0.41
- -
Free Cash Flow per Basic Share
-0.22
-0.23
0.34
0.24
0.05
-0.09
-1.19
-6.77
-3.89
0.59
1.65
1.32
1.67
- -
Dividend per Share
0.17
0.36
0.2
0.34
0.57
0.25
0.16
0.4
0.53
0.64
0.48
0.43
0.4
0.28
Book Value per Share
3.75
4.22
4.62
4.92
4.94
5.11
6.18
8.8
7
6.44
5.45
5.67
4.93
4.66
Tangible Book Value per Share
3.36
3.87
4.24
4.48
4.4
4.57
5.56
8.18
6.32
5.76
4.83
5.08
4.35
4.08
Basic Weighted Avg Shares
3,483
3,706
4,172
4,185
4,222
4,262
4,133
4,226
4,359
4,055
6,230
5,262
4,352
4,499
Sales/Revenue/Turnover
69,395
70,012
61,520
60,880
62,567
69,063
82,051
109,825
126,262
141,508
141,703
103,063
106,856
- -
Operating Margin (%)
1.77
1.61
1.89
2.58
2.46
3.12
6.21
5.88
-3.47
1.85
-1.97
1.45
1.22
- -
Depreciation Expense
785
879
909
937
1,174
1,098
1,247
2,929
5,912
5,478
4,742
3,710
3,830
- -
Net Income, GAAP
1,899
2,020
2,211
2,469
2,280
1,705
5,042
4,944
-9,591
-1,460
249
474
-1,784
- -
Effective Tax Rate (%)
11.33
10.13
6.94
4.24
8.68
8.99
3.89
5.13
- -
- -
- -
58.3
- -
- -
Profit Margin (%)
2.74
2.88
3.59
4.06
3.64
2.47
6.14
4.5
-7.6
-1.03
0.18
0.46
-1.67
- -
Working Capital
-2,127
509
-180
421
-2,215
-4,815
-9,017
-3,727
-2,070
-14,219
-23,968
-24,830
-22,394
-19,655
LT Debt
325
1,037
779
2,844
2,614
1,823
4,954
29,602
48,761
42,342
37,608
32,812
34,795
37,361
Total Equity
16,766
21,889
24,136
25,549
26,235
27,299
32,650
51,371
46,480
43,715
35,930
36,545
34,390
34,266
Return on Invested Capital (%)
11.4
9.87
10.01
10.19
9.16
7.91
14.02
8.75
- -
- -
- -
0.42
- -
- -
Return on Capital (%)
7.76
7.01
5.95
6.65
5.76
2.92
9.64
6.77
- -
- -
- -
1.61
- -
- -
Return on Common Equity (%)
15.65
13.19
12
12.41
11.03
8.05
21.18
15.05
-26.94
-4.8
0.92
1.88
-7.46
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
23,412
22,050
20,548
LT Borrowings
31,976
34,130
34,610
LT Finance Leases
2,818
2,825
2,751
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4,503
4,503
4,503
Market Capitalization
41,516
36,923
28,232

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
21,308
23,614
24,467
Cash, Cash Equivalents & STI
8,642
8,296
7,980
Accounts Receivable, Net
1,046
1,843
2,238
Inventories
10,093
11,867
12,218
Total Current Liabilities
43,702
44,241
44,122
Payables & Accruals
- -
- -
- -
ST Debt
23,412
22,050
20,548
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.21%
-7.49%
-5.9%
Free Cash Flow
147.65%
29.63%
4.38%
Net Income, GAAP
-70.99%
-176.51%
-476.76%
Sales/Revenue/Turnover
6.84%
0.72%
3.68%
Total Cash Common Dividend
22.94%
3.56%
-21.78%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
23,908
25,669
27,632
25,854
103,063
2025
24,417
27,207
- -
26,353
106,856
2026
27,292
28,297
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.43
0.16
0.31
0.07
0.09
2025
0.09
0.07
- -
-0.57
-0.41
2026
-0.2
-0.18
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.14
0.12
0.11
0.13
0.43
2025
0.08
0.09
- -
0.13
0.4
2026
0.07
0.08
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Yuling Tao
Full Time Employees
43,753
Sector
Process industries
Industry
Agricultural commodities/Milling
Address
No. 376, Jinshi Road Chengdu SI China 610063
IPO Date
Mar 11, 1998
Website
newhopeagri.com
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Business
New Hope Liuhe Co., Ltd. (SZSE:000876) operates as a leading integrated provider of animal feed and pig farming and slaughtering products within China's agricultural sector. The company manufactures and sells a broad range of feeds, including pig feed, poultry feed, aquatic feed, ruminant feed, white-feathered broiler feed, and meat duck feed; it also produces breeding pigs, commercial pigs for fattening, and slaughtered livestock products such as fresh, frozen, and processed pork and poultry. Founded in 1998 as the largest industrial arm of New Hope Group—which traces its origins to 1982—and headquartered in Chengdu, Sichuan Province, the company maintains extensive operations across China and in 15 other countries, including Vietnam, the Philippines, Indonesia, Singapore, Egypt, Bangladesh, Cambodia, and Sri Lanka. It controls over 640 subsidiaries and employs more than 50,000 people, achieving 28.76 million tons of feed sales in 2023, positioning it as the global leader in feed production, alongside 17.68 million pigs available for slaughter, ranking third in China. In recent developments, New Hope Liuhe establishes a 2.87 billion yuan joint venture with central enterprise funds and underdeveloped region funds for rural development initiatives; it invests 2.1 billion yuan in a new joint venture focused on rural revitalization, advances organizational reforms and cost efficiencies amid low pork prices, launches digital innovations like the Hongtong nutrition system and Xinxiwang 10K pig chip technology, and pursues international expansions including acquisitions of feed manufacturers in Vietnam to boost production capacity by 15 percent.