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Chinese hog farmer and animal-feed producer that underwent bankruptcy restructuring after the 2021 hog-price crash.
Chinese hog farmer and animal-feed producer that underwent bankruptcy restructuring after the 2021 hog-price crash.
Began as a feed maker and moved into pig farming, which now carries the business; pigs are sold at market prices, so results track the hog cycle in China. A court-supervised restructuring reset its debts after the 2021 price collapse.
Moat: none. Commodity hog producer with no differentiation; near-insolvency shows the lack of a moat.
Headquarters: Nanchang, Jiangxi, China · Employees: 7,440
Size Jiangxi Zhengbang Technology (002157.SZ) is a China Consumer Staples company (Agricultural Commodities/Milling) with a market value of $3.97B, the 644th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥2.88 on 6 Nov 2026.
Performance Over six months the shares fell 17.0%, against -12.9% for the median peer and -16.4% for the China market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue grew 14.9% over the last twelve months (peer median +7.2%); the operating margin is -10.2% (peer median 5.0%).
Valuation It trades at 1.6× enterprise value to sales against a peer median of 1.0× (5th most expensive of 21).
Capital Return on invested capital runs 12.8 points below its cost of capital (6.1% WACC).
Next results Next results expected around 26 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥15.7B | CN¥14.8B | CN¥8.87B | CN¥6.97B | CN¥14.4B |
| Revenue growth | — | +67% | +27% | -52% | — |
| Gross profit | CN¥539M | CN¥921M | CN¥943M | -CN¥1.67B | -CN¥4.96B |
| EBITDA | n/a | CN¥678M | CN¥891M | -CN¥2.55B | -CN¥4.68B |
| Net income | -CN¥1.64B | -CN¥546M | CN¥216M | CN¥8.53B | -CN¥13.4B |
| Free cash flow | -CN¥1.16B | -CN¥270M | -CN¥399M | -CN¥2.04B | -CN¥6.79B |
| Capital expenditure | CN¥1.41B | CN¥1.01B | CN¥573M | CN¥652M | CN¥1.32B |
| Total debt | CN¥2.22B | CN¥1.70B | CN¥3.97B | CN¥4.54B | CN¥25.7B |
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 |
|---|---|---|---|---|---|---|
| Jiangxi Zhengbang Technology 002157.SZ | $3.97B | -17% | +15% | -10% | 1.6× | n/a |
| Muyuan Foods 002714.SZ | $33.9B | -1% | -19% | -4% | 2.2× | n/a |
| New Hope Liuhe 000876.SZ | $4.71B | -19% | +7% | -3% | 0.9× | n/a |
| Wen's Foodstuff 300498.SZ | $16.7B | +2% | -5% | -4% | 1.4× | 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 | 002157.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | 0.0% | +3.1% | 10th lowest of 21 |
| 6-month return | -17.0% | -12.9% | 10th lowest of 21 |
| Distance from 52-week high | -26.7% | -24.0% | 10th lowest of 21 |
| Revenue growth (TTM) | +14.9% | +7.2% | 6th highest of 21 |
| Operating margin | -10.2% | 5.0% | 2nd lowest of 21 |
| EV / Sales | 1.6× | 1.0× | 5th most expensive of 21 |
| ROIC minus cost of capital | -12.8 pp | +1.1 pp | 2nd lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| 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 |
| Ldc LOUP.PA | France | $4.35B | -6% | +15% | 6% | 0.5× | -7.7% | +10.5% |
| 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 |
| 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 |
| 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% |
| 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% |
| Yunnan Shennong Agricultural Industry 605296.SS | China | $2.60B | +10% | +2% | -19% | 3.4× | n/a | n/a |
| Curaleaf CURA.TO | Canada | $2.50B | -18% | +5% | 1% | 2.6× | n/a | n/a |
| Fuji Oil 2607.T | Japan | $2.46B | +36% | +10% | 5% | 0.8× | 0.9% | +16.2% |