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Shenzhen-based food and beverage holding company; specific non-alcoholic beverage product lines not established from available knowledge.
Shenzhen-based food and beverage holding company; specific non-alcoholic beverage product lines not established from available knowledge.
Moat: none
Headquarters: Shenzhen, China · Employees: 1,136
Size Shenzhen Cereals (000019.SZ) is a China Consumer Staples company (Beverages: Non-Alcoholic) with a market value of $1.04B, the 2222nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥6.18 on 6 Nov 2026.
Performance Over six months the shares fell 19.6%, against -0.8% for the median peer and -16.4% for the China market (cap-weighted) — lowest of 20 in its peer set.
Growth Revenue grew 1.0% over the last twelve months (peer median +2.7%); the operating margin is 5.5% (peer median 8.2%).
Valuation It trades at 1.6× enterprise value to sales against a peer median of 1.6× (10th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 5% a year for seven years (Req g). Recent delivered growth is -14%, so the hurdle is +19 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 0.3 points below its cost of capital (5.2% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥5.54B | CN¥5.50B | CN¥5.37B | CN¥6.19B | CN¥8.29B |
| Revenue growth | — | +2% | -13% | -25% | — |
| Gross profit | CN¥885M | CN¥831M | CN¥837M | CN¥901M | CN¥1.06B |
| EBITDA | n/a | CN¥550M | CN¥610M | CN¥610M | CN¥679M |
| Net income | CN¥164M | CN¥243M | CN¥325M | CN¥348M | CN¥421M |
| Free cash flow | CN¥293M | CN¥985M | -CN¥105M | CN¥445M | CN¥342M |
| Capital expenditure | CN¥116M | CN¥115M | CN¥95.5M | CN¥148M | CN¥198M |
| Total debt | CN¥1.76B | CN¥1.21B | CN¥1.61B | CN¥1.28B | CN¥1.27B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 000019.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.6% | +0.8% | 2nd lowest of 21 |
| 6-month return | -19.6% | -0.8% | lowest of 20 |
| Distance from 52-week high | -28.0% | -21.8% | 8th lowest of 21 |
| Revenue growth (TTM) | +1.0% | +2.7% | 6th lowest of 20 |
| Operating margin | 5.5% | 8.2% | 9th lowest of 20 |
| EV / Sales | 1.6× | 1.6× | 10th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 4.6% | 0.2% | 5th most demanding of 12 |
| Growth delivered (Del g) | -14.3% | +5.2% | lowest of 12 |
| Hurdle (Req g minus delivered) | +18.9 pp | -7.8 pp | 3rd most demanding of 12 |
| ROIC minus cost of capital | -0.3 pp | +0.6 pp | 9th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shenzhen Cereals 000019.SZ | China | $1.04B | -20% | +1% | 6% | 1.6× | 4.6% | -14.3% |
| NATURECELL 007390.KS | South Korea | $1.04B | +14% | -15% | -18% | 68.7× | n/a | n/a |
| Lassonde Industries LAS-A.TO | Canada | $1.14B | +4% | +2% | 9% | 0.7× | -13.2% | +8.2% |
| Princes PRN.L | United Kingdom | $1.21B | -3% | +30% | 4% | 0.3× | -7.1% | +9.3% |
| A.G. BARR p.l.c BAG.L | United Kingdom | $887M | -2% | +7% | 15% | 1.6× | n/a | n/a |
| Fevertree Drinks FEVR.L | United Kingdom | $1.36B | +18% | +2% | 9% | 2.8× | 27.9% | +5.2% |
| LotteChilsung 005300.KS | South Korea | $791M | -9% | +1% | 5% | 0.7× | -2.0% | +12.0% |
| China Foods 0506.HK | Hong Kong | $1.43B | +8% | +4% | 8% | 0.4× | -17.0% | +4.3% |
| DyDo 2590.T | Japan | $624M | +21% | +3% | 4% | 0.4× | n/a | n/a |
| Nanfang Black Sesame 000716.SZ | China | $590M | +2% | +5% | 2% | 2.0× | 28.5% | -10.1% |
| Nichols NICL.L | United Kingdom | $539M | +18% | +3% | 18% | 1.9× | 0.2% | +8.1% |
| Zhe Jiang Li Zi Yuan Food 605337.SS | China | $526M | -17% | -4% | 12% | 3.0× | n/a | n/a |
| Premium Water 2588.T | Japan | $483M | +4% | +4% | 16% | 1.5× | -11.0% | +7.4% |
| China Resources Beverage (Holdings) 2460.HK | Hong Kong | $2.27B | -14% | -19% | 6% | 1.0× | n/a | n/a |
| SDIC Zhonglu Fruit Juice 600962.SS | China | $2.62B | -1% | +100% | n/a | 3.8× | n/a | n/a |
| Lifedrink 2585.T | Japan | $410M | -12% | +21% | 10% | 1.6× | n/a | n/a |
| Hey-Song 1234.TW | Taiwan | $389M | -9% | -8% | 5% | 1.4× | 10.4% | +0.7% |
| Suja Life SUJA | United States | $382M | n/a | n/a | -6% | 1.9× | n/a | n/a |
| 5100 Xizang Glacier 1115.HK | Hong Kong | $349M | -10% | +67% | 21% | 7.7× | n/a | n/a |
| Hokkaido Coca-Cola Bottling 2573.T | Japan | $339M | -6% | +4% | 4% | 0.8× | 7.6% | +2.8% |
| National Beverage FIZZ | United States | $3.48B | +6% | -2% | 18% | 2.9× | 3.4% | +1.9% |