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China's largest maker of frozen dumplings, rice-balls (tangyuan) and other quick-frozen prepared foods.
China's largest maker of frozen dumplings, rice-balls (tangyuan) and other quick-frozen prepared foods.
Sells frozen dumplings and rice balls through supermarkets and distributors, with sales peaking around festivals when families stock up on tangyuan, and keeps its goods cold across the supply chain. The company is based in Zhengzhou.
In one line: China's frozen-foods category leader, akin to a dumpling-focused ConAgra.
Moat: narrow (scale, brand, distribution). Category-leading scale and cold-chain distribution built over decades in frozen staple foods.
Headquarters: Zhengzhou, China · Employees: 5,987
Size Sanquan Foods (002216.SZ) is a China Consumer Staples company (Food: Specialty/Candy) with a market value of $1.56B, the 1577th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥11.85 on 6 Nov 2026.
Performance Over six months the shares fell 17.6%, against -8.4% for the median peer and -16.4% for the China market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue grew 7.2% over the last twelve months (peer median +2.7%); the operating margin is 5.1% (peer median 7.1%).
Valuation It trades at 18.1× forward earnings against a peer median of 20.2× (8th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 3% a year for seven years (Req g). Recent delivered growth is -1%, so the hurdle is +4 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 8.9 points above its cost of capital (5.4% WACC).
Next results Next results expected around 27 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥6.98B | CN¥6.51B | CN¥6.60B | CN¥7.02B | CN¥7.39B |
| Revenue growth | — | -1% | -6% | -5% | — |
| Gross profit | CN¥1.67B | CN¥1.49B | CN¥1.51B | CN¥1.72B | CN¥1.97B |
| EBITDA | n/a | CN¥596M | CN¥667M | CN¥953M | CN¥1.03B |
| Net income | CN¥563M | CN¥545M | CN¥542M | CN¥749M | CN¥802M |
| Free cash flow | CN¥412M | CN¥332M | CN¥957M | CN¥167M | CN¥977M |
| Capital expenditure | CN¥351M | CN¥196M | CN¥218M | CN¥235M | CN¥461M |
| Total debt | CN¥407M | CN¥672M | CN¥791M | CN¥394M | CN¥305M |
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 |
|---|---|---|---|---|---|---|
| Sanquan Foods 002216.SZ | $1.56B | -18% | +7% | 5% | 18.1× | 2.6% |
| Anjoy Foods 603345.SS | $3.82B | -20% | +19% | 12% | 17.3× | -4.3% |
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 | 002216.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.9% | +3.1% | 9th lowest of 21 |
| 6-month return | -17.6% | -8.4% | 7th lowest of 21 |
| Distance from 52-week high | -21.3% | -18.8% | 11th highest of 21 |
| Revenue growth (TTM) | +7.2% | +2.7% | 8th highest of 21 |
| Operating margin | 5.1% | 7.1% | 7th lowest of 21 |
| Forward P/E | 18.1× | 20.2× | 8th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 2.6% | 5.0% | 8th least demanding of 17 |
| Growth delivered (Del g) | -1.1% | +7.7% | 2nd lowest of 17 |
| Hurdle (Req g minus delivered) | +3.6 pp | -7.7 pp | 6th most demanding of 17 |
| ROIC minus cost of capital | +8.9 pp | +0.7 pp | 4th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sanquan Foods 002216.SZ | China | $1.56B | -18% | +7% | 5% | 18.1× | 2.6% | -1.1% |
| Kagome 2811.T | Japan | $1.51B | +3% | +3% | 7% | 24.0× | 2.2% | +10.0% |
| NIPPN 2001.T | Japan | $1.50B | +8% | +2% | 5% | 11.3× | n/a | n/a |
| Nomad Foods NOMD | United States | $1.64B | +24% | +3% | 13% | 7.3× | -4.1% | +3.6% |
| Three Squirrels 300783.SZ | China | $1.66B | -12% | -13% | 2% | 21.5× | 19.5% | +0.8% |
| Chacha Food 002557.SZ | China | $1.46B | -17% | +8% | 8% | 15.8× | n/a | n/a |
| J & J Snack Foods JJSF | United States | $1.68B | +18% | -5% | 6% | 24.1× | 6.8% | +9.1% |
| Qianhe Condiment & Food 603027.SS | China | $1.43B | -21% | -6% | 14% | 23.9× | 3.1% | +8.8% |
| Flowers Foods FLO | United States | $1.42B | -20% | +2% | 6% | 8.8× | -7.6% | +3.7% |
| Corbion CRBN.AS | Netherlands | $1.73B | +37% | -3% | 8% | 19.6× | 11.5% | +5.1% |
| Nongshim 004370.KS | South Korea | $1.74B | +8% | +5% | 6% | 11.8× | -16.1% | +5.9% |
| Yantai China Pet Foods 002891.SZ | China | $1.39B | -15% | +21% | 4% | 32.6× | n/a | n/a |
| CCL Products (India) CCL.NS | India | $1.37B | -20% | +24% | 13% | 25.8× | 17.9% | +29.1% |
| Huabao International 0336.HK | Hong Kong | $1.34B | -25% | +13% | 3% | 25.3× | 16.2% | -2.7% |
| Cloetta CLA-B.ST | Sweden | $1.82B | +16% | 0% | 14% | 20.9× | -0.3% | +8.4% |
| Anhui Jinhe Industrial 002597.SZ | China | $1.83B | -8% | +22% | 4% | 19.4× | 10.3% | +6.0% |
| Robertet RBT.PA | France | $1.84B | +4% | 0% | 15% | 18.3× | -0.4% | +9.4% |
| Fufeng 0546.HK | Hong Kong | $1.31B | -37% | +1% | 4% | 7.4× | n/a | n/a |
| Manorama Industries MANORAMA.NS | India | $1.31B | +22% | +60% | 24% | 39.3× | 33.4% | +46.9% |
| Morinaga & 2201.T | Japan | $1.28B | -8% | +3% | 9% | 12.3× | -5.7% | +7.1% |
| Bikaji Foods International BIKAJI.NS | India | $1.27B | -29% | +14% | 10% | 37.4× | 38.6% | +17.5% |