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Hunan-based condiment maker producing soy sauce, vinegar and other seasonings for retail and foodservice customers.
Hunan-based condiment maker producing soy sauce, vinegar and other seasonings for retail and foodservice customers.
In one line: A smaller regional Chinese soy sauce brand.
Moat: none. Sub-scale regional condiment brand facing much larger national competitors.
Headquarters: Ningxiang, Hunan, China · Employees: 1,274
Size Jiajia Food (002650.SZ) is a China Consumer Staples company (Food: Specialty/Candy) with a market value of $983M, the 2329th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥5.92 on 6 Nov 2026.
Performance Over six months the shares fell 24.7%, against -7.8% for the median peer and -16.4% for the China market (cap-weighted) — 4th lowest of 20 in its peer set.
Growth Revenue fell 3.4% over the last twelve months (peer median +4.6%); the operating margin is -10.6% (peer median 7.2%).
Valuation It trades at 5.0× enterprise value to sales against a peer median of 1.3× (2nd most expensive of 21).
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 -10%, so the hurdle is +11 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 12.3 points below its cost of capital (5.1% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.20B | CN¥1.21B | CN¥1.30B | CN¥1.43B | CN¥1.66B |
| Revenue growth | — | -7% | -9% | -14% | — |
| Gross profit | CN¥307M | CN¥276M | CN¥263M | CN¥215M | CN¥290M |
| EBITDA | -CN¥34.2M | -CN¥15.9M | -CN¥120M | -CN¥50.2M | CN¥13.5M |
| Net income | -CN¥114M | -CN¥147M | -CN¥243M | -CN¥191M | -CN¥79.6M |
| Free cash flow | CN¥276M | CN¥91.3M | CN¥118M | -CN¥173M | -CN¥45.8M |
| Capital expenditure | CN¥13.5M | CN¥16.7M | CN¥34.6M | CN¥62.2M | CN¥77.1M |
| Total debt | CN¥138,159 | CN¥261,318 | CN¥132M | CN¥202M | CN¥98.5M |
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 |
|---|---|---|---|---|---|---|
| Jiajia Food 002650.SZ | $983M | -25% | -3% | -11% | 5.0× | 1.2% |
| Foshan Haitian Flavouring and Food 603288.SS | $29.8B | -7% | +6% | 27% | 5.8× | 7.6% |
| Qianhe Condiment & Food 603027.SS | $1.43B | -21% | -6% | 14% | 3.4× | 3.1% |
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 | 002650.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.0% | +0.4% | 6th lowest of 21 |
| 6-month return | -24.7% | -7.8% | 4th lowest of 20 |
| Distance from 52-week high | -31.2% | -25.3% | 8th lowest of 21 |
| Revenue growth (TTM) | -3.4% | +4.6% | 4th lowest of 21 |
| Operating margin | -10.6% | 7.2% | lowest of 21 |
| EV / Sales | 5.0× | 1.3× | 2nd most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 1.2% | -6.5% | 4th most demanding of 12 |
| Growth delivered (Del g) | -10.0% | +7.9% | lowest of 12 |
| Hurdle (Req g minus delivered) | +11.2 pp | -13.6 pp | 2nd most demanding of 12 |
| ROIC minus cost of capital | -12.3 pp | +1.6 pp | lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Jiajia Food 002650.SZ | China | $983M | -25% | -3% | -11% | 5.0× | 1.2% | -10.0% |
| Namchow Food Group (Shanghai) 605339.SS | China | $1.01B | -2% | -5% | -1% | 2.0× | n/a | n/a |
| Food Empire F03.SI | Singapore | $952M | -22% | +14% | 16% | 1.5× | -9.9% | +14.9% |
| Guilin Seamild Foods 002956.SZ | China | $947M | -14% | +21% | 11% | 2.3× | 9.0% | +17.0% |
| Chenguang Biotech 300138.SZ | China | $946M | +13% | -4% | 6% | 1.1× | -1.0% | +10.9% |
| Seneca Foods SENEA | United States | $1.03B | +9% | +12% | 9% | 0.7× | -15.1% | +2.5% |
| ARIAKE JAPAN 2815.T | Japan | $1.04B | -5% | +3% | 17% | 1.7× | -7.4% | +6.1% |
| ORION 001800.KS | South Korea | $1.06B | -4% | +15% | 15% | 0.8× | -16.5% | +8.3% |
| Star Lake Bioscience 600866.SS | China | $1.07B | -26% | -3% | 0% | 0.8× | n/a | n/a |
| JinJian Cereals Industry 600127.SS | China | $1.08B | +64% | +1% | -1% | 2.0× | n/a | n/a |
| Jiangxi Qiyunshan Food 2797.HK | Hong Kong | $1.10B | n/a | -7% | 17% | 24.9× | n/a | n/a |
| Otoki 007310.KS | South Korea | $879M | -13% | +4% | 5% | 0.4× | -6.5% | +7.2% |
| Westrock Coffee WEST | United States | $878M | +9% | +39% | 0% | 1.3× | n/a | n/a |
| Wellhope Foods 603609.SS | China | $870M | -8% | +7% | 0% | 0.3× | 54.2% | +8.5% |
| T. Hasegawa 4958.T | Japan | $847M | +12% | +7% | 12% | 1.3× | -4.8% | +7.9% |
| Nissin Foods 1475.HK | Hong Kong | $834M | -14% | +1% | 13% | 1.2× | -13.0% | +2.6% |
| Orkla India ORKLAINDIA.NS | India | $826M | -12% | +6% | 14% | 2.7× | 13.4% | +5.3% |
| Lotte 004990.KS | South Korea | $1.18B | -27% | +1% | 2% | 0.8× | n/a | n/a |
| Jinzai Food 003000.SZ | China | $810M | -17% | +14% | 8% | 1.9× | n/a | n/a |
| Takasago International 4914.T | Japan | $809M | +9% | +1% | 3% | 0.8× | n/a | n/a |
| Snowsky Salt Industry 600929.SS | China | $1.20B | -29% | +32% | 1% | 1.4× | n/a | n/a |