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Royal Group Co. Ltd. Class A

Royal Group Co. Ltd. Class A

SSZSE:002329
3.66
CNY
+0.07
(+1.95%)
-0.55EPS
2.22BMarket Cap
Royal Group Co. Ltd. Class A
SZSE:002329
(Shenzhen Stock Exchange)

Recent

price

3.66

P/E

ratio

- -

div

yld

4.13%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
0.69
0.96
1.26
1.65
1.85
2.1
2.92
2.92
2.81
2.78
2.9
3.03
3.44
3.45
2.44
2.15
2.24
Revenue per Share
0.1
0.1
0.05
0.06
0.12
0.23
0.35
0.07
-0.74
0.06
-0.16
-0.56
0.01
0.08
-0.81
-0.54
-0.54
Basic EPS, GAAP
-0.16
-0.23
-0.2
0.04
0.08
0.03
-0.28
0.17
-0.14
-0.06
-0.69
-0.39
-0.38
0.01
0.15
-0.21
- -
Free Cash Flow per Basic Share
0.05
0.03
0.06
0.09
0.05
0.06
0.1
0.15
0.09
0.13
0.13
0.2
0.16
0.15
0.14
0.16
0.15
Dividend per Share
1.25
1.32
1.34
1.33
2.08
3.09
3.27
3.28
2.54
2.6
2.43
1.86
1.85
1.89
1.08
0.58
0.53
Book Value per Share
1.18
1.22
1.23
1.17
1.2
0.8
1.03
1.27
1.69
1.79
1.85
1.62
1.6
1.7
0.89
0.4
0.35
Tangible Book Value per Share
599
599
599
599
612
803
838
811
833
810
857
838
835
838
838
824
821
Basic Weighted Avg Shares
411
572
754
991
1,130
1,685
2,446
2,367
2,336
2,253
2,490
2,541
2,873
2,890
2,046
1,772
1,843
Sales/Revenue/Turnover
11.22
9.17
4.44
4.73
10.41
15.08
18.44
15.98
8.48
6.83
4.44
1.42
0.35
-0.83
3.53
-2.63
-2.49
Operating Margin (%)
21
30
45
62
67
164
276
237
176
122
123
128
139
132
112
119
- -
Depreciation Expense
57
59
33
36
75
185
291
57
-616
49
-137
-472
12
67
-681
-449
-447
Net Income, GAAP
7.39
5.36
8.63
15.38
17.39
2.02
3.79
12.7
- -
- -
- -
- -
- -
2.54
- -
- -
- -
Effective Tax Rate (%)
13.85
10.3
4.33
3.67
6.68
10.96
11.88
2.4
-26.38
2.16
-5.51
-18.57
0.42
2.33
-33.27
-25.31
-24.27
Profit Margin (%)
365
297
225
184
274
273
320
421
1,220
104
-62
-351
-742
-34
-411
-986
-1,058
Working Capital
23
- -
- -
- -
- -
260
474
423
853
560
794
1,137
809
886
898
717
705
LT Debt
749
879
906
907
1,684
2,779
2,900
2,941
2,385
2,455
2,322
1,847
1,936
1,750
1,050
593
555
Total Equity
4.37
5.13
1.92
2.59
4.97
7.16
8.06
0.88
- -
- -
- -
- -
- -
0.57
- -
- -
- -
Return on Invested Capital (%)
7.41
6.66
3.49
3.91
4.92
6.98
8.7
2.73
- -
- -
- -
- -
- -
4.24
- -
- -
- -
Return on Capital (%)
7.7
7.66
4.1
4.56
6.43
8.91
10.92
2.07
-25.26
2.26
-6.51
-26.26
0.77
4.23
-52.83
-63.16
-64.83
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,585
1,586
1,622
LT Borrowings
665
752
655
LT Finance Leases
52
53
50
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
832
832
832
Market Capitalization
3,246
3,413
2,223

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,730
1,786
1,852
Cash, Cash Equivalents & STI
291
274
225
Accounts Receivable, Net
368
380
381
Inventories
294
289
283
Total Current Liabilities
2,716
2,729
2,910
Payables & Accruals
- -
- -
- -
ST Debt
1,585
1,586
1,622
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-12.44%
-21.76%
-43.51%
Free Cash Flow
141.14%
348.49%
-234.68%
Net Income, GAAP
-224.23%
-108.65%
-34.1%
Sales/Revenue/Turnover
2.07%
-5.38%
-13.36%
Total Cash Common Dividend
16.11%
4.75%
10.3%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
480
562
469
536
2,046
2025
446
459
- -
458
1,772
2026
440
486
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
- -
-0.02
-0.8
-0.81
2025
0.01
-0.01
- -
-0.49
-0.54
2026
0.01
-0.05
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
0.04
0.03
0.04
0.14
2025
0.04
0.04
- -
0.04
0.16
2026
0.04
0.03
- -
- -
- -
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Business
Royal Group Co.,Ltd. (002329.SZ) engages primarily in the processing, production, and sale of dairy products in China, alongside information business operations and photovoltaic engineering, procurement, and construction (EPC) services. The company's core offerings encompass pasteurized milk, modulated milk, sterilized milk, fermented milk, milk beverages, and protein drinks, with a focus on premium products utilizing Holstein and buffalo milk sourced from its integrated upstream activities in milk cow breeding and forage planting. These dairy products feature specialized brands such as Laisseer Lesson, recognized as a famous trademark, positioning Royal Group as a leader in China's buffalo milk sector with operations centered in Guangxi and expanded presence across southwest China. Complementing its food segment, the firm provides information technology solutions and photovoltaic EPC services, applying solar energy to support sustainable dairy production. Founded in 2001 and headquartered at No. 65, Fengda Road, High-tech Zone, Nanning, Guangxi Zhuang Autonomous Region, China, the company listed on the Shenzhen Stock Exchange in January 2010 as the fourth domestic A-share dairy enterprise and rebranded from Guangxi Royal Dairy Co., Ltd. to its current name in December 2014. Royal Group maintains 48 branches and a complete dairy value chain from forage to sales, targeting consumer markets in China with brands noted for regional influence in the southwest. In recent developments, Royal Group signed a strategic cooperation agreement with Hubei Xiangyuan Food Co., Ltd. (Xiangyuan Food) on June 25, 2025, building on prior collaboration to expand into new consumption areas and enhance market competitiveness amid intensifying dairy industry rivalry. The company continues to accelerate construction of production bases in the East China and Chengdu-Chongqing regions, aligning with broader strategic expansions in high-growth dairy markets. These initiatives, including potential future mergers or partnerships, support operational enhancements and photovoltaic integration for sustainability.