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Maker of Lolo almond-milk drink, a well-known Chinese plant-based beverage brand from Chengde, Hebei.
Maker of Lolo almond-milk drink, a well-known Chinese plant-based beverage brand from Chengde, Hebei.
Sells almond drink in cans and cartons through distributors to stores, with demand strongest around the year-end holiday and New Year gifting season. The main raw material is apricot kernels, whose prices swing with harvests.
In one line: A Chinese plant-based beverage brand like a smaller Silk almond milk.
Moat: narrow (brand). Decades-old, widely recognized almond-drink brand in China.
Headquarters: Chengde, Hebei, China · Employees: 1,914
Size Cheng De Lolo (000848.SZ) is a China Consumer Staples company (Food: Major Diversified) with a market value of $1.18B, the 1996th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥7.91 on 6 Nov 2026.
Performance Over six months the shares fell 11.1%, against -6.0% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 5.3% over the last twelve months (peer median +4.4%); the operating margin is 23.9% (peer median 8.2%).
Valuation It trades at 12.6× forward earnings against a peer median of 18.7× (3rd cheapest of 13).
Price implies For today's price to make sense, revenue must grow about -11% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -22 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 61.7 points above its cost of capital (6.1% WACC).
Next results Next results expected around 28 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.25B | CN¥3.15B | CN¥3.27B | CN¥2.94B | CN¥2.67B |
| Revenue growth | — | -3% | +11% | +10% | — |
| Gross profit | CN¥1.50B | CN¥1.39B | CN¥1.32B | CN¥1.20B | CN¥1.18B |
| EBITDA | n/a | CN¥850M | CN¥849M | CN¥817M | CN¥780M |
| Net income | CN¥618M | CN¥627M | CN¥666M | CN¥638M | CN¥602M |
| Free cash flow | CN¥530M | CN¥827M | CN¥415M | CN¥436M | CN¥584M |
| Capital expenditure | CN¥195M | CN¥185M | CN¥215M | CN¥191M | CN¥31.4M |
| Total debt | CN¥706M | CN¥637M | CN¥231M | CN¥4.00M | CN¥4.20M |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Cheng De Lolo 000848.SZ | $1.18B | -11% | +5% | 24% | 12.6× | -10.8% |
| Hebei Yangyuan Zhihui Beverage 603156.SS | $6.06B | -15% | +12% | 28% | 26.5× | 9.9% |
| Vitasoy International 0345.HK | $794M | -3% | -3% | 7% | 21.8× | -9.8% |
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 | 000848.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.8% | -1.0% | 8th lowest of 21 |
| 6-month return | -11.1% | -6.0% | 9th lowest of 21 |
| Distance from 52-week high | -16.5% | -22.6% | 8th highest of 21 |
| Revenue growth (TTM) | +5.3% | +4.4% | 10th highest of 21 |
| Operating margin | 23.9% | 8.2% | highest of 21 |
| Forward P/E | 12.6× | 18.7× | 3rd cheapest of 13 |
| Growth the price implies (Req g, 7 yrs) | -10.8% | -1.8% | 4th least demanding of 16 |
| Growth delivered (Del g) | +11.3% | +2.5% | 4th highest of 16 |
| Hurdle (Req g minus delivered) | -22.1 pp | -4.3 pp | least demanding of 16 |
| ROIC minus cost of capital | +61.7 pp | +3.1 pp | highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Cheng De Lolo 000848.SZ | China | $1.18B | -11% | +5% | 24% | 12.6× | -10.8% | +11.3% |
| S&B Foods 2805.T | Japan | $1.16B | +53% | +7% | 9% | 16.8× | -1.8% | +2.5% |
| Jiangsu Hengshun Vinegar-Industry 600305.SS | China | $1.15B | -7% | +6% | 6% | 49.9× | 17.3% | +2.6% |
| Shanghai Ziyan Foods 603057.SS | China | $1.09B | -37% | +7% | 6% | 39.1× | n/a | n/a |
| Simply Good Foods SMPL | United States | $1.05B | -2% | -7% | 13% | 7.9× | -12.3% | +6.2% |
| Bombay Burmah Trading BBTC.NS | India | $947M | -18% | +7% | 16% | n/a | -8.8% | +8.2% |
| AGT Food and Ingredients AGTF.TO | Canada | $922M | +12% | -19% | -2% | 16.0× | n/a | n/a |
| Zydus Wellness ZYDUSWELL.NS | India | $1.58B | -7% | +74% | 9% | 41.0× | 32.3% | +16.2% |
| Herbalife HLF | United States | $1.60B | +7% | +6% | 9% | 5.4× | -14.8% | -1.9% |
| Yankershop Food 002847.SZ | China | $1.64B | -30% | 0% | 14% | 14.6× | 2.9% | +24.1% |
| Hongmian Zhihui Science and Technology Innovation Co., Ltd. Guangzhou 000523.SZ | China | $798M | -16% | +4% | 2% | n/a | 12.1% | -8.5% |
| Vitasoy International 0345.HK | Hong Kong | $794M | -3% | -3% | 7% | 21.8× | -9.8% | -4.2% |
| Standard Foods 1227.TW | Taiwan | $751M | -5% | 0% | 4% | n/a | n/a | n/a |
| V V Food & Beverage 600300.SS | China | $717M | -18% | +6% | 11% | n/a | -9.2% | -6.8% |
| Lian Hwa Foods 1231.TW | Taiwan | $694M | -12% | +3% | 9% | n/a | n/a | n/a |
| Yihai International 1579.HK | Hong Kong | $2.02B | +3% | +11% | 18% | 14.2× | 6.8% | +3.6% |
| Dongsuh 026960.KS | South Korea | $2.06B | +6% | +6% | 8% | n/a | 16.2% | +1.6% |
| Xiangpiaopiao Food 603711.SS | China | $660M | -24% | +2% | 7% | 20.7× | -11.3% | -4.9% |
| Qingdao Foods 001219.SZ | China | $656M | +42% | +3% | 23% | n/a | 7.3% | +2.4% |
| ITO EN,Ltd 2593.T | Japan | $2.12B | +14% | +5% | 5% | 26.0× | n/a | n/a |
| Jiangxi Salt Industry 601065.SS | China | $613M | -23% | -14% | 0% | n/a | -2.3% | +11.7% |