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Leading Chinese producer of aquaculture and livestock animal feed, also selling animal health products and breeding stock.
Leading Chinese producer of aquaculture and livestock animal feed, also selling animal health products and breeding stock.
Sells feed mostly through dealers and direct to large farms, with aquaculture feed the best-known line and prices following the cost of soybean meal and grains. It has added hog farming and feed plants in Southeast Asia to reduce dependence on China's feed market. Founder Qian Xueqiao is chairman.
In one line: China's Cargill Animal Nutrition/Purina.
Moat: narrow (scale, distribution, brand). National distribution and feed-formulation know-how give scale edge over regional mills.
Headquarters: Guangzhou, China · Founded: 1998 · Employees: 44,176
Size Guangdong Haid (002311.SZ) is a China Consumer Staples company (Agricultural Commodities/Milling) with a market value of $12.1B, the 205th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥49.35 on 6 Nov 2026.
Performance Over six months the shares fell 1.3%, against -14.4% for the median peer and -16.4% for the China market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 7.9% over the last twelve months (peer median +6.7%); the operating margin is 2.8% (peer median 4.3%).
Valuation It trades at 21.1× forward earnings against a peer median of 15.4× (6th most expensive of 14).
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 +16%, so the hurdle is -17 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 7.7 points above its cost of capital (5.0% WACC).
Next results Next results expected around 27 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥136B | CN¥128B | CN¥115B | CN¥116B | CN¥105B |
| Revenue growth | — | +12% | -1% | +11% | — |
| Gross profit | CN¥13.9B | CN¥13.3B | CN¥12.9B | CN¥9.83B | CN¥9.71B |
| EBITDA | n/a | CN¥7.95B | CN¥8.26B | CN¥5.95B | CN¥6.07B |
| Net income | CN¥3.04B | CN¥4.28B | CN¥4.50B | CN¥2.74B | CN¥2.96B |
| Free cash flow | CN¥3.87B | CN¥2.98B | CN¥4.93B | CN¥9.59B | CN¥2.07B |
| Capital expenditure | CN¥3.50B | CN¥3.34B | CN¥3.14B | CN¥3.35B | CN¥5.00B |
| Total debt | CN¥13.3B | CN¥7.93B | CN¥10.4B | CN¥13.3B | CN¥14.4B |
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 |
|---|---|---|---|---|---|---|
| Guangdong Haid 002311.SZ | $12.1B | -1% | +8% | 3% | 21.1× | -1.1% |
| New Hope Liuhe 000876.SZ | $4.71B | -19% | +7% | -3% | n/a | n/a |
| Tongwei 600438.SS | $8.27B | -29% | -12% | -15% | n/a | n/a |
| Beijing Dbn Technology 002385.SZ | $1.86B | -23% | -1% | -6% | n/a | 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 | 002311.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +17.6% | +2.8% | highest of 21 |
| 6-month return | -1.3% | -14.4% | 6th highest of 21 |
| Distance from 52-week high | -18.6% | -26.3% | 7th highest of 21 |
| Revenue growth (TTM) | +7.9% | +6.7% | 9th highest of 21 |
| Operating margin | 2.8% | 4.3% | 7th lowest of 21 |
| Forward P/E | 21.1× | 15.4× | 6th most expensive of 14 |
| Growth the price implies (Req g, 7 yrs) | -1.1% | -0.6% | 4th least demanding of 9 |
| Growth delivered (Del g) | +16.3% | +6.9% | 2nd highest of 9 |
| Hurdle (Req g minus delivered) | -17.4 pp | -9.4 pp | 3rd least demanding of 9 |
| ROIC minus cost of capital | +7.7 pp | -0.3 pp | 3rd highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Guangdong Haid 002311.SZ | China | $12.1B | -1% | +8% | 3% | 21.1× | -1.1% | +16.3% |
| Wilmar International F34.SI | Singapore | $14.5B | -19% | +6% | 3% | 10.2× | n/a | n/a |
| Wen's Foodstuff 300498.SZ | China | $16.7B | +2% | -5% | -4% | n/a | n/a | n/a |
| SalMar SALM.OL | Norway | $8.35B | +5% | +14% | 19% | 22.2× | 3.5% | +16.3% |
| Tongwei 600438.SS | China | $8.27B | -29% | -12% | -15% | n/a | n/a | n/a |
| Bunge Global BG | United States | $19.0B | -20% | +55% | 4% | 9.2× | n/a | n/a |
| Pilgrim's Pride PPC | United States | $6.79B | -2% | 0% | 5% | 13.0× | -4.8% | +8.9% |
| Inner Mongolia Yili Industrial 600887.SS | China | $29.3B | +15% | +2% | 9% | 19.2× | -0.1% | +3.7% |
| Patanjali Foods PATANJALI.NS | India | $4.75B | -11% | +19% | 4% | 27.1× | n/a | n/a |
| New Hope Liuhe 000876.SZ | China | $4.71B | -19% | +7% | -3% | n/a | n/a | n/a |
| Archer Daniels Midland ADM | United States | $33.3B | -9% | +1% | 3% | 12.0× | 8.0% | +4.5% |
| Muyuan Foods 2714.HK | Hong Kong | $33.4B | -12% | -14% | -4% | n/a | n/a | n/a |
| Ldc LOUP.PA | France | $4.35B | -6% | +15% | 6% | 11.7× | -7.7% | +10.5% |
| Jiangxi Zhengbang Technology 002157.SZ | China | $3.97B | -17% | +15% | -10% | n/a | n/a | n/a |
| Nisshin Seifun 2002.T | Japan | $3.94B | +14% | +3% | 5% | 15.4× | -1.1% | +4.9% |
| Cofco Sugar 600737.SS | China | $3.94B | -18% | -29% | 6% | 22.9× | n/a | n/a |
| Fujian Wanchen Food 300972.SZ | China | $3.86B | -43% | +46% | 7% | 9.9× | -18.7% | +157.9% |
| Heilongjiang Agriculture 600598.SS | China | $3.66B | -18% | -12% | 24% | 59.7× | n/a | n/a |
| Nichirei 2871.T | Japan | $3.42B | +13% | +10% | 5% | 24.2× | 2.4% | +4.6% |
| Godrej Industries GODREJIND.NS | India | $3.41B | -22% | +17% | 8% | n/a | n/a | n/a |
| Seaboard SEB | United States | $3.38B | -22% | +7% | 3% | n/a | n/a | n/a |