Lanzhou Zhuangyuan Pasture Co., Ltd. Class A

Lanzhou Zhuangyuan Pasture Co., Ltd. Class A

SSZSE:002910
9.26
CNY
+0.06
(+0.65%)
-0.27EPS
2.16BMarket Cap
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
4.71
5.67
5.56
4.74
4.23
3.52
4.28
3.54
4.39
4.82
4.93
4.61
4.7
5.03
Basic EPS, GAAP
0.33
0.62
0.65
0.54
0.46
0.34
0.27
0.05
0.23
0.28
-0.42
-0.86
-0.38
-0.27
Free Cash Flow per Basic Share
- -
1.58
0.49
0.83
0.41
-0.63
-1.68
-1.28
-0.72
-0.12
0.15
-0.25
0.13
- -
Dividend per Share
0.25
0.26
0.23
0.21
0.21
0.2
0.24
0.18
0.11
0.21
0.26
0.18
0.16
0.17
Book Value per Share
4.08
4.7
3.95
4.33
5.1
5.32
5.43
5.92
6.13
6.93
6.49
5.59
5.21
5.11
Tangible Book Value per Share
3.95
4.56
3.85
4.22
5.01
4.72
4.98
5.56
5.77
6.45
6.02
5.14
4.76
4.67
Basic Weighted Avg Shares
105
105
113
141
149
187
190
209
233
218
194
193
196
194
Sales/Revenue/Turnover
494
598
626
666
628
658
814
740
1,021
1,050
956
890
921
978
Operating Margin (%)
13.55
16.95
16.2
15.83
11.68
12.73
10.64
7.38
6.78
5.89
0.85
-9.9
1.85
2.23
Depreciation Expense
- -
34
37
39
44
53
77
97
118
106
105
104
102
- -
Net Income, GAAP
35
65
73
76
68
64
51
10
54
61
-81
-166
-74
-52
Effective Tax Rate (%)
9.43
11.24
14.5
14.84
3.81
2.53
21.02
15.43
2.89
10.64
- -
- -
- -
- -
Profit Margin (%)
7.01
10.93
11.7
11.4
10.88
9.66
6.31
1.41
5.24
5.8
-8.53
-18.67
-8.08
-5.33
Working Capital
-171
-190
-71
-104
265
-218
-350
-52
-100
-264
-470
-476
-482
-392
LT Debt
87
74
60
45
27
78
258
352
394
467
249
257
217
312
Total Equity
430
495
694
760
1,135
1,184
1,225
1,592
1,641
1,360
1,266
1,092
1,018
998
Return on Invested Capital (%)
- -
6.2
5.6
5.44
4.98
3.75
1.91
0.61
2.59
2.58
- -
- -
- -
- -
Return on Capital (%)
- -
9.68
9.1
8.31
6.46
5.25
3.79
1.78
3.22
3.96
- -
- -
- -
- -
Return on Common Equity (%)
- -
14.14
12.31
10.44
7.21
5.48
4.26
0.74
3.31
4.06
-6.2
-14.1
-7.05
-5.06

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
810
732
689
LT Borrowings
183
309
279
LT Finance Leases
34
33
33
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
195
195
195
Market Capitalization
2,169
2,167
2,163

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
557
588
507
Cash, Cash Equivalents & STI
205
278
195
Accounts Receivable, Net
107
97
111
Inventories
223
190
176
Total Current Liabilities
1,038
937
899
Payables & Accruals
- -
- -
- -
ST Debt
810
732
689
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.5%
-8.3%
-6.79%
Free Cash Flow
-82.85%
-150.68%
-152.08%
Net Income, GAAP
12.88%
48.2%
-55.24%
Sales/Revenue/Turnover
4.85%
5.69%
3.44%
Total Cash Common Dividend
5.72%
2.29%
-11.35%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
225
201
223
241
890
2025
210
210
- -
291
921
2026
246
231
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.23
-0.22
-0.16
-0.25
-0.86
2025
-0.13
-0.01
- -
-0.13
-0.38
2026
-0.16
0.04
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.05
0.04
0.04
0.05
0.18
2025
0.03
0.04
- -
0.05
0.16
2026
0.04
0.04
- -
- -
- -

Company Description

CEO
Yanqing Mo
Full Time Employees
1,319
Sector
Consumer non-durables
Industry
Food: meat/fish/dairy
Address
Gansu Chamber of Commerce Building Lanzhou GA China 730020
IPO Date
Oct 31, 2017
Business
Lanzhou Zhuangyuan Pasture Co., Ltd. (002910.SZ) produces and sells a range of dairy products, including pasteurized milk, yogurt, cheese, and powdered milk under its flagship Zhuangyuan brand; the company also offers fresh milk, UHT milk, and functional dairy beverages targeting urban consumers in China. Founded in 1958 and headquartered in Lanzhou, Gansu Province, the firm operates primarily in northern and northwestern China, with production facilities and distribution networks serving retail, wholesale, and foodservice channels in the domestic dairy industry. Its business segments encompass upstream dairy farming, midstream processing, and downstream sales, focusing on high-quality, pasture-raised milk products for health-conscious families and institutions. In recent developments, Lanzhou Zhuangyuan Pasture expanded its production capacity through a strategic investment in a new processing plant in 2024; the company formed a partnership with a leading feed supplier to enhance raw milk quality amid rising demand; additionally, it launched a new line of organic yogurt products in early 2025, marking its entry into the premium health dairy segment. No major acquisitions or name changes have been reported in the last two years.