1. China Stocks

  2. •

    Process industries

  3. •

    Agricultural commodities/Milling
Jiangxi Zhengbang Technology Co., Ltd. Class A

Jiangxi Zhengbang Technology Co., Ltd. Class A

SSZSE:002157
2.89
CNY
-0.01
(-0.34%)
-0.16EPS
25.99BMarket Cap
Oct 30Next 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
12.14
11.2
8.43
9.41
9.02
9.15
10.21
19.58
15.21
4.61
2.11
0.96
1.6
1.65
Basic EPS, GAAP
-0.02
0.05
0.16
0.52
0.23
0.08
0.69
2.29
-6.01
-4.28
2.57
0.02
-0.06
-0.13
Free Cash Flow per Basic Share
-1
-0.61
-0.11
-0.21
-1.4
-0.75
-0.74
-2.31
-2.78
-2.17
-0.61
-0.04
-0.02
- -
Dividend per Share
0.13
0.18
0.1
0.13
0.16
0.24
0.27
0.45
1.14
0.27
0.01
- -
- -
- -
Book Value per Share
0.75
1.27
1.56
2.88
2.71
2.69
3.82
9.2
0.65
-2.74
1.08
1.23
1.18
1.1
Tangible Book Value per Share
0.62
1.1
1.39
2.72
2.55
2.53
3.67
9.04
0.53
-2.85
1.05
1.21
1.15
1.07
Basic Weighted Avg Shares
1,283
1,514
1,946
2,011
2,286
2,418
2,402
2,512
3,133
3,125
3,321
9,248
9,246
9,526
Sales/Revenue/Turnover
15,582
16,963
16,416
18,920
20,615
22,113
24,518
49,166
47,670
14,415
6,992
8,870
14,795
15,692
Operating Margin (%)
0.77
1.16
2.75
6.45
3.92
2.83
6.59
14.69
-34.58
-49.22
-36.98
0.44
-0.63
-4.68
Depreciation Expense
216
306
386
482
599
850
930
2,109
3,805
2,993
1,388
991
1,042
- -
Net Income, GAAP
-30
81
311
1,046
526
193
1,647
5,744
-18,819
-13,386
8,529
216
-546
-1,260
Effective Tax Rate (%)
- -
25.61
8.74
3.07
5.43
5.24
0.66
0.44
- -
- -
0.28
3.91
- -
- -
Profit Margin (%)
-0.19
0.48
1.9
5.53
2.55
0.87
6.72
11.68
-39.48
-92.86
121.98
2.44
-3.69
-8.03
Working Capital
-569
-306
212
625
-1,405
-2,906
-5,496
5,669
-16,469
-23,263
-297
618
-765
-1,784
LT Debt
1,343
1,818
2,106
1,352
2,613
3,872
2,852
9,158
10,768
5,826
1,605
1,279
1,227
1,212
Total Equity
1,497
2,761
3,552
6,219
6,702
6,704
9,975
24,558
3,446
-11,356
8,053
10,181
9,786
8,805
Return on Invested Capital (%)
- -
1.16
3.89
11.77
5.08
1.74
10.47
19.17
- -
- -
75.11
4.29
- -
- -
Return on Capital (%)
- -
4.05
7.12
14.39
5.89
3.49
11.16
19.64
- -
- -
88
3.74
- -
- -
Return on Common Equity (%)
-2.99
4.99
11.54
23.4
8.67
3.05
20.91
35.19
-148.82
- -
- -
2.02
-4.9
-11.53

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
589
589
697
LT Borrowings
5
5
5
LT Finance Leases
1,222
1,287
1,207
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
9,250
9,250
9,250
Market Capitalization
29,971
28,120
25,993

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
5,876
5,526
4,959
Cash, Cash Equivalents & STI
3,120
2,631
1,697
Accounts Receivable, Net
87
172
233
Inventories
2,292
2,210
1,981
Total Current Liabilities
6,641
6,673
6,743
Payables & Accruals
- -
- -
- -
ST Debt
589
589
697
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-38.6%
-132.78%
-3.88%
Free Cash Flow
77.14%
-35.66%
-55.99%
Net Income, GAAP
5.3%
-214.04%
-352.51%
Sales/Revenue/Turnover
11.22%
-6.13%
66.8%
Total Cash Common Dividend
234.37%
426.66%
2,181.55%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,442
1,781
2,615
3,032
8,870
2025
3,002
3,836
- -
4,137
14,795
2026
3,762
3,957
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.01
-0.01
0.05
-0.01
0.02
2025
0.02
- -
- -
-0.06
-0.06
2026
-0.04
-0.03
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Zhi Hua Xiong
Full Time Employees
7,440
Sector
Process industries
Industry
Agricultural commodities/Milling
Address
No. 569, Aixihu 1st Road Nanchang JX China 330096
IPO Date
Aug 20, 2007
Website
zhengbang.com
Similar Companies
Tilray Brands, Inc. (NASDAQ:TLRY)
Archer-Daniels-Midland Company (NYSE:ADM)
Patanjali Foods Limited (NSE:PATANJALI)
Corteva, Inc. (NYSE:CTVA)
Canopy Growth Corporation (NASDAQ:CGC)
Balrampur Chini Mills Ltd (NSE:BALRAMCHIN)
Business
Jiangxi Zhengbang Technology Co., Ltd. (002157.SZ) engages primarily in the agricultural industry in China, focusing on the production and sale of animal feed, live pigs, and veterinary drugs; it also develops, produces, and sells mixed feed additives, pre-mixed feed additives, veterinary medicines for pigs and poultry, pesticides including herbicides, insecticides, fungicides, and plant growth regulators, as well as rice, crop protection products, and pork. The company operates through key segments encompassing pig feed, poultry feed, limited aquatic and ruminant feed; breeding and sale of fat pigs, piglets, and boars; pig breeding, duck breeding, pesticide production, and trading of raw agricultural commodities; it provides comprehensive breeding technology services to small and medium-sized enterprises and farmers. Founded in 1996 and headquartered in Nanchang, Jiangxi Province, the company maintains production bases across multiple Chinese provinces and exports to over 30 countries including Southeast Asia, the United States, and Brazil, while employing around 7,780 people and holding honors such as National Key Leading Enterprise in Agricultural Industrialization and Top 500 Chinese Manufacturing Enterprises. In recent developments, Jiangxi Zhengbang Technology reported net profit attributable to shareholders of approximately RMB 202 million for the first half of 2025, a significant turnaround from prior losses, driven by strategic adjustments and a 134.59% surge in pig farming segment revenue to RMB 4.077 billion amid rising pig prices and sales volumes; the company sold 669,700 live pigs in August 2025 alone, up 141.79% year-over-year. It continues heavy investments in research and development, including post-doctoral workstations, the Zhengbang Agricultural Research Institute, and national projects like the "863 Plan" for ecological welfare pig farming, alongside ongoing employee stock ownership plans with 50% of 2024 shares vesting in July 2025; earlier asset restructurings, such as the 2022 sale of feed units to Dabeinong and pig breeding reorganization, supported cash flow restoration and operational focus.