Loading…
One of China's largest broiler-chicken producers, a key supplier to fast-food chains including KFC.
One of China's largest broiler-chicken producers, a key supplier to fast-food chains including KFC.
Runs the chain from breeding and farming to slaughter and processing, selling live birds and processed chicken to chains and food processors, so profit swings with the gap between chicken prices and feed costs. Value-added products such as pre-cooked and breaded items for chains help smooth the cycle.
In one line: China's Tyson/Pilgrim's Pride for poultry.
Moat: narrow (scale, customer qualification). Long-standing qualified supplier to major fast-food chains with integrated farm-to-processing scale.
Headquarters: Sanming, Fujian, China · Employees: 34,016
Size Fujian Sunner Development (002299.SZ) is a China Consumer Staples company (Agricultural Commodities/Milling) with a market value of $3.28B, the 793rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥17.31 on 6 Nov 2026.
Performance Over six months the shares fell 6.9%, against -16.1% for the median peer and -16.4% for the China market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 13.5% over the last twelve months (peer median +8.0%); the operating margin is 5.1% (peer median 5.0%).
Valuation It trades at 19.1× forward earnings against a peer median of 15.3× (6th most expensive of 15).
Price implies For today's price to make sense, revenue must grow about -1% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -9 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.5 points above its cost of capital (5.7% WACC).
Next results Next results expected around 21 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥22.2B | CN¥20.1B | CN¥18.6B | CN¥18.5B | CN¥16.8B |
| Revenue growth | — | +8% | +1% | +10% | — |
| Gross profit | CN¥4.19B | CN¥2.47B | CN¥2.03B | CN¥1.92B | CN¥1.41B |
| EBITDA | n/a | CN¥2.43B | CN¥2.25B | CN¥2.10B | CN¥1.74B |
| Net income | CN¥1.03B | CN¥1.38B | CN¥724M | CN¥664M | CN¥411M |
| Free cash flow | CN¥1.07B | CN¥2.24B | CN¥1.60B | CN¥889M | -CN¥51.7M |
| Capital expenditure | CN¥1.99B | CN¥1.83B | CN¥1.53B | CN¥1.46B | CN¥1.45B |
| Total debt | CN¥10.1B | CN¥9.09B | CN¥7.05B | CN¥8.80B | CN¥6.66B |
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 |
|---|---|---|---|---|---|---|
| Fujian Sunner Development 002299.SZ | $3.28B | -7% | +13% | 5% | 19.1× | -1.0% |
| Wen's Foodstuff 300498.SZ | $16.7B | +2% | -5% | -4% | n/a | n/a |
| New Hope Liuhe 000876.SZ | $4.71B | -19% | +7% | -3% | n/a | n/a |
| Shandong Yisheng Livestock & Poultry Breeding 002458.SZ | $1.54B | -16% | +15% | 17% | 18.2× | 6.3% |
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 | 002299.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +10.4% | -0.2% | 3rd highest of 21 |
| 6-month return | -6.9% | -16.1% | 10th highest of 21 |
| Distance from 52-week high | -13.4% | -24.2% | 8th highest of 21 |
| Revenue growth (TTM) | +13.5% | +8.0% | 8th highest of 21 |
| Operating margin | 5.1% | 5.0% | 10th highest of 21 |
| Forward P/E | 19.1× | 15.3× | 6th most expensive of 15 |
| Growth the price implies (Req g, 7 yrs) | -1.0% | -3.3% | 5th most demanding of 12 |
| Growth delivered (Del g) | +7.9% | +11.6% | 4th lowest of 12 |
| Hurdle (Req g minus delivered) | -8.9 pp | -13.2 pp | 4th most demanding of 12 |
| ROIC minus cost of capital | +3.5 pp | +0.6 pp | 5th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Fujian Sunner Development 002299.SZ | China | $3.28B | -7% | +13% | 5% | 19.1× | -1.0% | +7.9% |
| First Resources Ltd. (Singapore) EB5.SI | Singapore | $3.27B | -26% | +51% | 30% | 7.6× | -7.1% | +19.0% |
| Seaboard SEB | United States | $3.38B | -22% | +7% | 3% | n/a | n/a | n/a |
| Godrej Industries GODREJIND.NS | India | $3.41B | -22% | +17% | 8% | n/a | n/a | n/a |
| Nichirei 2871.T | Japan | $3.42B | +13% | +10% | 5% | 24.2× | 2.4% | +4.6% |
| Ebro Foods EBRO.MC | Spain | $3.12B | +1% | -4% | 10% | 13.2× | -7.7% | +4.4% |
| Cal-Maine Foods CALM | United States | $3.02B | -15% | -43% | 1% | n/a | n/a | n/a |
| Jiangsu Lihua Animal Husbandry 300761.SZ | China | $2.94B | +2% | +7% | 3% | 29.1× | 4.0% | +16.8% |
| Heilongjiang Agriculture 600598.SS | China | $3.66B | -18% | -12% | 24% | 59.7× | n/a | n/a |
| Schouw & SCHO.CO | Denmark | $2.90B | +30% | -1% | 4% | 15.1× | -3.3% | +9.9% |
| Fujian Wanchen Food 300972.SZ | China | $3.86B | -43% | +46% | 7% | 9.9× | -18.7% | +157.9% |
| Cofco Sugar 600737.SS | China | $3.94B | -18% | -29% | 6% | 22.9× | n/a | n/a |
| Nisshin Seifun 2002.T | Japan | $3.94B | +14% | +3% | 5% | 15.4× | -1.1% | +4.9% |
| Jiangxi Zhengbang Technology 002157.SZ | China | $3.97B | -17% | +15% | -10% | n/a | n/a | n/a |
| Golden Agri-Resources E5H.SI | Singapore | $2.68B | -18% | +9% | 6% | 4.2× | -13.7% | +11.6% |
| Yunnan Shennong Agricultural Industry 605296.SS | China | $2.60B | +10% | +2% | -19% | n/a | n/a | n/a |
| Curaleaf CURA.TO | Canada | $2.50B | -18% | +5% | 1% | n/a | n/a | n/a |
| Ldc LOUP.PA | France | $4.35B | -6% | +15% | 6% | 11.7× | -7.7% | +10.5% |
| Fuji Oil 2607.T | Japan | $2.46B | +36% | +10% | 5% | 15.2× | 0.9% | +16.2% |
| AWL Agri Business AWL.NS | India | $2.30B | -21% | +18% | 2% | 17.6× | 13.4% | +15.0% |
| B.F BFG.MI | Italy | $2.29B | +56% | +30% | -2% | 84.3× | n/a | n/a |