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One of China's largest animal-feed producers and hog/poultry farmers, part of the New Hope Group conglomerate.
One of China's largest animal-feed producers and hog/poultry farmers, part of the New Hope Group conglomerate.
Feed is the volume base, sold to farmers at thin margins, but its own hog farming drives how much it earns, because hog prices move in multi-year cycles and set profit or loss. Poultry and food processing add smaller streams. Founded by Liu Yonghao, it remains controlled by his family through New Hope Group.
In one line: China's Tyson Foods plus Purina combined.
Moat: narrow (scale, distribution). Nationwide feed-mill and farm network gives cost and distribution scale in a commodity business.
Headquarters: Chengdu, Sichuan, China · Founded: 1982 · Employees: 43,753
Size New Hope Liuhe (000876.SZ) is a China Consumer Staples company (Agricultural Commodities/Milling) with a market value of $4.71B, the 540th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥7.09 on 6 Nov 2026.
Performance Over six months the shares fell 18.8%, against -12.9% for the median peer and -16.4% for the China market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue grew 7.2% over the last twelve months (peer median +8.0%); the operating margin is -2.5% (peer median 5.2%).
Valuation It trades at 0.9× enterprise value to sales against a peer median of 1.1× (9th cheapest of 21).
Capital Return on invested capital runs 5.0 points below its cost of capital (5.0% WACC).
Next results Next results expected around 26 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥114B | CN¥107B | CN¥103B | CN¥142B | CN¥141B |
| Revenue growth | — | +4% | -27% | 0% | — |
| Gross profit | CN¥6.78B | CN¥5.34B | CN¥5.56B | CN¥2.62B | CN¥8.19B |
| EBITDA | n/a | CN¥4.69B | CN¥4.96B | CN¥228M | CN¥5.84B |
| Net income | -CN¥5.11B | -CN¥1.78B | CN¥474M | CN¥249M | -CN¥1.46B |
| Free cash flow | CN¥2.00B | CN¥7.65B | CN¥8.18B | CN¥10.8B | CN¥3.23B |
| Capital expenditure | CN¥2.50B | CN¥2.13B | CN¥2.18B | CN¥3.62B | CN¥6.85B |
| Total debt | CN¥65.9B | CN¥65.4B | CN¥66.5B | CN¥70.6B | CN¥72.8B |
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 | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| New Hope Liuhe 000876.SZ | $4.71B | -19% | +7% | -3% | 0.9× | n/a |
| Muyuan Foods 002714.SZ | $33.9B | -1% | -19% | -4% | 2.2× | n/a |
| Wen's Foodstuff 300498.SZ | $16.7B | +2% | -5% | -4% | 1.4× | n/a |
| Jiangxi Zhengbang Technology 002157.SZ | $3.97B | -17% | +15% | -10% | 1.6× | n/a |
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 | 000876.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +4.7% | +0.8% | 9th highest of 21 |
| 6-month return | -18.8% | -12.9% | 6th lowest of 21 |
| Distance from 52-week high | -29.7% | -25.9% | 10th lowest of 21 |
| Revenue growth (TTM) | +7.2% | +8.0% | 11th highest of 21 |
| Operating margin | -2.5% | 5.2% | 3rd lowest of 21 |
| EV / Sales | 0.9× | 1.1× | 9th cheapest of 21 |
| ROIC minus cost of capital | -5.0 pp | +2.1 pp | 4th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| New Hope Liuhe 000876.SZ | China | $4.71B | -19% | +7% | -3% | 0.9× | n/a | n/a |
| Patanjali Foods PATANJALI.NS | India | $4.75B | -11% | +19% | 4% | 1.1× | n/a | n/a |
| Ldc LOUP.PA | France | $4.35B | -6% | +15% | 6% | 0.5× | -7.7% | +10.5% |
| Jiangxi Zhengbang Technology 002157.SZ | China | $3.97B | -17% | +15% | -10% | 1.6× | n/a | n/a |
| Nisshin Seifun 2002.T | Japan | $3.94B | +14% | +3% | 5% | 0.7× | -1.1% | +4.9% |
| Cofco Sugar 600737.SS | China | $3.94B | -18% | -29% | 6% | 1.4× | n/a | n/a |
| Fujian Wanchen Food 300972.SZ | China | $3.86B | -43% | +46% | 7% | 0.3× | -18.7% | +157.9% |
| Heilongjiang Agriculture 600598.SS | China | $3.66B | -18% | -12% | 24% | 4.6× | n/a | n/a |
| Nichirei 2871.T | Japan | $3.42B | +13% | +10% | 5% | 0.8× | 2.4% | +4.6% |
| Godrej Industries GODREJIND.NS | India | $3.41B | -22% | +17% | 8% | 1.4× | n/a | n/a |
| Seaboard SEB | United States | $3.38B | -22% | +7% | 3% | 0.4× | n/a | n/a |
| Fujian Sunner Development 002299.SZ | China | $3.28B | -7% | +13% | 5% | 1.3× | -1.0% | +7.9% |
| First Resources Ltd. (Singapore) EB5.SI | Singapore | $3.27B | -26% | +51% | 30% | 2.1× | -7.1% | +19.0% |
| Pilgrim's Pride PPC | United States | $6.79B | -2% | 0% | 5% | 0.5× | -4.8% | +8.9% |
| Ebro Foods EBRO.MC | Spain | $3.12B | +1% | -4% | 10% | 1.1× | -7.7% | +4.4% |
| Cal-Maine Foods CALM | United States | $3.02B | -15% | -43% | 1% | 0.9× | n/a | n/a |
| Jiangsu Lihua Animal Husbandry 300761.SZ | China | $2.94B | +2% | +7% | 3% | 1.1× | 4.0% | +16.8% |
| Schouw & SCHO.CO | Denmark | $2.90B | +30% | -1% | 4% | 0.7× | -3.3% | +9.9% |
| Golden Agri-Resources E5H.SI | Singapore | $2.68B | -18% | +9% | 6% | 0.4× | -13.7% | +11.6% |
| Tongwei 600438.SS | China | $8.27B | -29% | -12% | -15% | 1.9× | n/a | n/a |
| SalMar SALM.OL | Norway | $8.35B | +5% | +14% | 19% | 3.2× | 3.5% | +16.3% |