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    Process industries

  3. •

    Agricultural commodities/Milling
Tech-bank Food Co., Ltd.

Tech-bank Food Co., Ltd.

SSZSE:002124
1.96
CNY
0.00
(0.00%)
-1.30EPS
4.69BMarket Cap
Apr 23Next Earn
Tech-bank Food Co., Ltd.
SZSE:002124
(Shenzhen Stock Exchange)

Recent

price

1.96

P/E

ratio

- -

div

yld

2.93%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
1.17
1.88
2.15
2.2
2.78
4.72
1.79
2.09
2.77
3.85
6.34
5.72
5.28
5.57
4.36
3.92
3.54
Revenue per Share
0.04
0.03
0.05
0.12
0.03
0.24
0.28
0.18
-0.35
0.06
1.91
-2.43
0.27
-1.57
0.66
-0.59
-1.3
Basic EPS, GAAP
-0.13
- -
0.04
0.07
-0.07
0.27
-0.11
-0.44
-0.93
-0.45
-0.35
-1.56
-0.24
-0.18
-0.58
0.27
- -
Free Cash Flow per Basic Share
0.05
0.05
0.05
0.06
0.07
0.16
0.06
0.08
0.09
0.05
0.07
0.5
0.16
0.1
0.07
0.06
0.06
Dividend per Share
0.42
0.42
0.45
0.55
0.58
0.81
1.05
1.87
1.47
1.78
4.72
1.88
2.13
1.21
1.65
1.06
0.37
Book Value per Share
0.27
0.26
0.29
0.39
0.43
0.72
0.96
1.76
1.37
1.67
4.62
1.66
1.93
1.03
1.53
1.05
0.35
Tangible Book Value per Share
950
925
949
947
937
454
1,327
1,468
1,634
1,562
1,699
1,836
1,813
1,837
2,210
2,219
2,222
Basic Weighted Avg Shares
1,106
1,736
2,042
2,078
2,603
2,141
2,370
3,061
4,519
6,007
10,764
10,507
9,571
10,232
9,644
8,689
7,876
Sales/Revenue/Turnover
2.06
4.29
-0.22
1.39
0.3
5.25
16.69
9.01
-1.23
2.75
33.17
-31.28
2.42
-19.35
6.72
-0.61
-6.25
Operating Margin (%)
34
37
43
45
86
93
109
184
302
298
682
1,482
1,377
1,502
1,279
1,187
- -
Depreciation Expense
39
30
45
117
32
110
373
262
-572
100
3,245
-4,462
489
-2,883
1,459
-1,309
-2,887
Net Income, GAAP
- -
5.75
7.32
6.78
37.16
14.46
2.88
6.42
- -
20.97
0.19
- -
- -
- -
0.01
- -
- -
Effective Tax Rate (%)
3.53
1.73
2.21
5.62
1.25
5.15
15.73
8.56
-12.66
1.67
30.15
-42.47
5.11
-28.18
15.12
-15.07
-36.65
Profit Margin (%)
-19
-66
-72
-292
-418
46
-72
308
-1,135
-1,841
135
-5,904
-7,404
-8,787
-5,607
-5,578
-6,364
Working Capital
45
- -
- -
- -
- -
5
5
9
11
8
2,359
4,389
3,462
2,076
1,666
1,432
1,338
LT Debt
453
484
517
616
620
1,125
1,424
3,048
2,397
2,898
8,689
3,711
3,985
2,281
3,747
2,432
909
Total Equity
- -
4.63
-4.1
-0.5
-2.22
5.74
19.92
8.7
- -
3.86
36.74
- -
- -
- -
17.44
- -
- -
Return on Invested Capital (%)
- -
4.37
6.98
11.12
4.47
9.74
21.42
10.19
- -
4.46
37.38
- -
- -
- -
21.18
- -
- -
Return on Capital (%)
9.99
7.52
10.9
24.56
6.02
13.42
29.91
11.82
-21.14
3.82
56.17
-73.6
13.29
-94.05
49.51
-43.35
-124.8
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
3,494
3,543
3,501
LT Borrowings
421
368
411
LT Finance Leases
1,010
954
927
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,222
2,222
2,222
Market Capitalization
6,088
5,244
4,688

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,215
1,791
1,403
Cash, Cash Equivalents & STI
225
193
155
Accounts Receivable, Net
41
41
40
Inventories
1,780
1,378
1,032
Total Current Liabilities
7,793
7,696
7,767
Payables & Accruals
- -
- -
- -
ST Debt
3,494
3,543
3,501
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
27.64%
-12.7%
-35.09%
Free Cash Flow
59.42%
80.66%
-146.98%
Net Income, GAAP
152.68%
-275.58%
-189.77%
Sales/Revenue/Turnover
17.96%
-4.01%
-9.9%
Total Cash Common Dividend
64.48%
113.77%
-18.34%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,050
2,268
2,828
2,497
9,644
2025
2,443
2,250
- -
1,970
8,689
2026
1,870
1,786
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.27
0.11
0.23
0.05
0.66
2025
0.06
0.1
- -
-0.71
-0.59
2026
-0.32
-0.38
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.02
0.02
0.02
0.07
2025
0.01
0.02
- -
0.01
0.06
2026
0.01
0.01
- -
- -
- -
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Business
Tech-Bank Food Co., Ltd. is a China-based company primarily engaged in agriculture and animal husbandry, focusing on pig breeding, pig farming, and pork processing. Founded in 1996 and headquartered in Nanjing, the company operates domestically and internationally, delivering a comprehensive portfolio of products and services including fresh and processed pork products; research, development, manufacturing, and sales of animal vaccines; feed production and sales including organic and microbial fertilizers; and engineering and environmental services related to agricultural infrastructure. The company operates through multiple segments: Feed, Breeding, Food, Animal Vaccine, and Engineering, providing technical consulting, machinery manufacturing and maintenance, and smart ranch construction solutions that integrate digital intelligence and sustainable energy initiatives. Recognized as a National Key Leading Enterprise in Agricultural Industrialization, Tech-Bank Food leverages advanced farming techniques such as digitalization, intelligent systems, and eco-friendly designs to optimize operations and product quality. Major recent developments include the 2023 launch of a 26,000-ton annual capacity deep-processing facility for value-added pork products, establishment of Asia’s largest single-site slaughterhouse starting operations in 2022, and a strategic expansion into farm-to-table traceability systems for enhanced food safety and quality control. The company also formed a New Energy Group in 2022 in partnership with China Energy Investment Corporation to promote sustainable operations. In 2025, due to capacity regulation constraints and financial pressures, Tech-Bank Food scrapped its pig farm upgrade project and sought an extension for pre-restructuring efforts from the Ningbo Intermediate People's Court to stabilize operations amid high debt ratios and management changes, including the resignation of its vice president. Tech-Bank Food is listed on the Shenzhen Stock Exchange under the ticker 002124.SZ and aims to integrate global technologies to expand its footprint as a leading provider of premium animal protein and related agricultural services.