1. China Stocks

  2. •

    Consumer non-durables

  3. •

    Food: specialty/candy
Yantai China Pet Foods Co. Ltd. Class A

Yantai China Pet Foods Co. Ltd. Class A

SSZSE:002891
26.66
CNY
+0.73
(+2.82%)
0.96EPS
30.40P/E
8.60BMarket Cap
Oct 27Next 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
2.65
2.55
3.38
4.15
4.76
5.5
6.66
8.28
9.8
11.04
12.82
15.19
17.57
19.42
Basic EPS, GAAP
0.08
0.05
0.29
0.35
0.35
0.22
0.31
0.5
0.39
0.36
0.8
1.34
1.23
0.88
Free Cash Flow per Basic Share
- -
-0.37
-0.02
0.11
-0.29
-0.87
-0.21
-0.65
-0.24
-0.78
0.14
0.87
0.39
- -
Dividend per Share
0.04
0.11
0.03
0.1
0.15
0.07
0.1
0.11
0.1
0.1
0.1
0.51
0.41
0.41
Book Value per Share
0.93
1.04
1.35
1.7
2.72
2.92
3.31
5.87
6.18
7.03
7.59
8.26
9.64
10.5
Tangible Book Value per Share
0.76
0.86
1.17
1.52
2.58
2.46
2.86
5.4
5.08
5.93
6.51
7.17
8.44
9.3
Basic Weighted Avg Shares
191
193
192
191
213
257
258
270
294
294
292
294
297
308
Sales/Revenue/Turnover
507
491
648
791
1,015
1,412
1,716
2,233
2,882
3,248
3,747
4,465
5,221
5,973
Operating Margin (%)
5.31
3.76
11.54
12.81
12.57
6.59
8.86
11.04
6.54
5.33
10.58
10.69
8.47
5.95
Depreciation Expense
- -
11
16
19
22
27
47
50
82
105
121
130
155
- -
Net Income, GAAP
16
9
56
67
74
56
79
135
116
106
233
394
365
270
Effective Tax Rate (%)
35.45
64.18
29.26
25.03
23.55
9.36
24.46
22.92
20.67
22.26
21.15
17.59
14.2
13.84
Profit Margin (%)
3.17
1.85
8.59
8.51
7.26
4
4.6
6.04
4.01
3.26
6.22
8.82
6.99
4.53
Working Capital
49
23
87
136
351
107
189
757
469
896
836
1,012
916
737
LT Debt
- -
9
7
5
5
42
169
80
163
732
750
748
514
250
Total Equity
184
244
323
401
770
834
946
1,837
1,946
2,221
2,419
2,615
3,152
3,598
Return on Invested Capital (%)
- -
1.97
13.37
16.92
12.96
6.06
6.56
8.51
5.49
4.15
8.22
10.95
9.39
6.23
Return on Capital (%)
- -
4.7
16.86
13.42
9.89
5.94
6.66
7.57
5.06
3.77
5.69
10.57
8.58
5.9
Return on Common Equity (%)
- -
4.82
24.42
23.1
14.48
7.85
9.95
10.49
6.52
5.45
10.85
16.9
13.62
9.12

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,005
1,501
1,607
LT Borrowings
498
173
121
LT Finance Leases
16
32
129
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
304
320
322
Market Capitalization
15,755
11,548
8,601

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,703
3,374
3,270
Cash, Cash Equivalents & STI
1,273
1,562
1,368
Accounts Receivable, Net
634
806
921
Inventories
693
806
820
Total Current Liabilities
1,788
2,400
2,533
Payables & Accruals
- -
- -
- -
ST Debt
1,005
1,501
1,607
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
28.98%
11.53%
20.55%
Free Cash Flow
-8.76%
104.49%
-54.53%
Net Income, GAAP
27.67%
31.81%
-7.28%
Sales/Revenue/Turnover
23.43%
18.65%
16.95%
Total Cash Common Dividend
74.18%
82.52%
-18.43%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
878
1,078
1,232
1,276
4,465
2025
1,101
1,331
- -
1,362
5,221
2026
1,533
1,747
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.19
0.3
0.48
0.39
1.34
2025
0.31
0.37
- -
0.11
1.23
2026
0.24
0.17
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.26
0.03
0.23
0.51
2025
- -
0.17
- -
0.02
0.41
2026
0.02
0.19
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Zhong Li Hao
Full Time Employees
4,312
Sector
Consumer non-durables
Industry
Food: specialty/candy
Address
No. 88, Feilong Road Yantai SD China 264003
IPO Date
Aug 21, 2017
Website
wanpy.com.cn
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Business
Yantai China Pet Foods Co., Ltd. (002891.SZ) manufactures and sells pet food products for dogs and cats, primarily in China with exports to approximately 65 countries and regions across five continents. The company offers an extensive portfolio of core products under brands including Wanpy Naughty, Zeal True, and Toptrees Leading; these encompass pet dry food, pet wet food and canned food, pet snacks such as freeze-dried, baked, chicken, duck, beef, fish, and pet biscuits; pet fresh meat food; pet staple food wet food; dental bone cleaning products; rawhide chews; and over 1,000 varieties in total covering staple foods and treats. Founded in 1998 and headquartered in Yantai, China, the company operates in the pet food industry, targeting pet owners with premium, human-grade nutritional products that meet international standards for markets in North America, Europe, Asia, and beyond, including subsidiaries focused on brands like Wanpy, Dr Hao, and King Kitty. Recent developments include substantial investments in research and development leading to new product launches, such as organic pet foods in 2022 that boosted sales by 15% and now represent about 30% of total revenue, alongside a 20% increase in the wet pet food category. The company expanded distribution in the U.S. market in 2023 to tap into the projected $40 billion pet food sector, aiming for 5% annual market share growth, while forming strategic partnerships with retailers and distributors expected to drive 20% sales growth in the next fiscal year. In early 2023, it partnered with BUCATSTATE on small pet industrial parks, and analysts project a 10% compound annual growth rate through 2025 supported by acquisitions like a 2021 natural pet food competitor that doubled production capacity and added $25 million in annual revenue, with first-half 2025 operating revenue reaching 2.432 billion yuan.