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Large Chinese producer of sucralose and other food sweeteners/additives, plus caffeine and fine chemicals.
Large Chinese producer of sucralose and other food sweeteners/additives, plus caffeine and fine chemicals.
Sells ingredients by the tonne to food and beverage makers and traders. Sucralose, a zero-calorie sweetener, moves results most, because several Chinese producers share global supply and the price swings when capacity is added or output is cut.
In one line: A Chinese specialty-chemicals maker akin to a smaller Tate & Lyle in sweeteners.
Moat: narrow (scale, cost advantage). Large integrated production scale gives cost leadership in sucralose and related chemicals.
Headquarters: Chuzhou, China · Employees: 4,827
Size Anhui Jinhe Industrial (002597.SZ) is a China Consumer Staples company (Food: Specialty/Candy) with a market value of $1.83B, the 1375th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥21.40 on 6 Nov 2026.
Performance Over six months the shares fell 8.3%, against +2.6% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 22.2% over the last twelve months (peer median +2.5%); the operating margin is 4.3% (peer median 7.9%).
Valuation It trades at 19.4× forward earnings against a peer median of 18.2× (10th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 10% a year for seven years (Req g). Recent delivered growth is +6%, 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 0.8 points below its cost of capital (7.3% WACC).
Next results Next results expected around 21 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥5.87B | CN¥4.90B | CN¥5.29B | CN¥5.29B | CN¥7.21B |
| Revenue growth | — | -7% | 0% | -27% | — |
| Gross profit | CN¥1.29B | CN¥791M | CN¥961M | CN¥1.18B | CN¥2.48B |
| EBITDA | n/a | CN¥779M | CN¥928M | CN¥1.00B | CN¥2.31B |
| Net income | CN¥314M | CN¥347M | CN¥557M | CN¥704M | CN¥1.70B |
| Free cash flow | CN¥186M | -CN¥343M | -CN¥312M | CN¥336M | CN¥1.50B |
| Capital expenditure | CN¥606M | CN¥974M | CN¥1.13B | CN¥961M | CN¥714M |
| Total debt | CN¥1.90B | CN¥1.44B | CN¥1.31B | CN¥1.39B | CN¥2.05B |
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 |
|---|---|---|---|---|---|---|
| Anhui Jinhe Industrial 002597.SZ | $1.83B | -8% | +22% | 4% | 19.4× | 10.3% |
| Hvsen Biotechnology 300871.SZ | $531M | -33% | +2% | 17% | 11.2× | n/a |
| Tate & Lyle TATE.L | $3.34B | +53% | +16% | 9% | 15.2× | 10.8% |
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 | 002597.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.8% | +4.2% | 5th lowest of 21 |
| 6-month return | -8.3% | +2.6% | 9th lowest of 21 |
| Distance from 52-week high | -26.8% | -14.0% | 7th lowest of 21 |
| Revenue growth (TTM) | +22.2% | +2.5% | 2nd highest of 21 |
| Operating margin | 4.3% | 7.9% | 3rd lowest of 21 |
| Forward P/E | 19.4× | 18.2× | 10th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 10.3% | 2.2% | 5th most demanding of 18 |
| Growth delivered (Del g) | +6.0% | +8.3% | 8th lowest of 18 |
| Hurdle (Req g minus delivered) | +4.3 pp | -5.7 pp | 5th most demanding of 18 |
| ROIC minus cost of capital | -0.8 pp | +3.9 pp | 3rd lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Anhui Jinhe Industrial 002597.SZ | China | $1.83B | -8% | +22% | 4% | 19.4× | 10.3% | +6.0% |
| Cloetta CLA-B.ST | Sweden | $1.82B | +16% | 0% | 14% | 20.9× | -0.3% | +8.4% |
| Robertet RBT.PA | France | $1.84B | +4% | 0% | 15% | 18.3× | -0.4% | +9.4% |
| Nongshim 004370.KS | South Korea | $1.74B | +8% | +5% | 6% | 11.8× | -16.1% | +5.9% |
| Corbion CRBN.AS | Netherlands | $1.73B | +37% | -3% | 8% | 19.6× | 11.5% | +5.1% |
| Nissui 1332.T | Japan | $1.97B | -16% | +8% | 4% | 10.8× | 0.9% | +8.7% |
| J & J Snack Foods JJSF | United States | $1.68B | +18% | -5% | 6% | 24.1× | 6.8% | +9.1% |
| Three Squirrels 300783.SZ | China | $1.66B | -12% | -13% | 2% | 21.5× | 19.5% | +0.8% |
| Nomad Foods NOMD | United States | $1.64B | +24% | +3% | 13% | 7.3× | -4.1% | +3.6% |
| Chongqing Fuling Zhacai 002507.SZ | China | $2.04B | -6% | +3% | 28% | 18.0× | -0.9% | +1.4% |
| UTZ Brands UTZ | United States | $2.05B | +90% | +2% | 4% | 17.9× | 31.8% | +8.3% |
| 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 |
| Weilong Delicious Global 9985.HK | Hong Kong | $2.22B | -20% | +13% | 25% | 9.6× | -6.3% | +11.1% |
| Sichuan Teway Food 603317.SS | China | $2.24B | -18% | +22% | 21% | 20.4× | 2.9% | +7.8% |
| Gambol Pet 301498.SZ | China | $2.25B | -32% | +14% | 7% | 43.6× | n/a | n/a |
| Chacha Food 002557.SZ | China | $1.46B | -17% | +8% | 8% | 15.8× | n/a | n/a |
| Yantai North Andre Juice 2218.HK | Hong Kong | $2.31B | +27% | -14% | 18% | 21.9× | 21.9% | +14.0% |
| Qianhe Condiment & Food 603027.SS | China | $1.43B | -21% | -6% | 14% | 23.9× | 3.1% | +8.8% |
| Premier Foods PFD.L | United Kingdom | $2.34B | +3% | +2% | 18% | 12.6× | -1.3% | +4.4% |