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Chinese snack and beverage maker best known for Want Want rice crackers and flavored milk drinks.
Chinese snack and beverage maker best known for Want Want rice crackers and flavored milk drinks.
Sells packaged snacks and milk drinks in volume through distributors and supermarkets, with rice crackers and flavored milk the two lines that carry the company. Control sits with founder Tsai Eng-meng and his family in Taiwan, and nearly all sales are on the Chinese mainland.
In one line: China's Nabisco/Yakult hybrid for snacks and dairy drinks.
Moat: narrow (brand, distribution). Decades-old, widely recognized Want Want brand with an extensive China distribution network.
Headquarters: Shanghai, China · Founded: 1962
Size Want Want China (0151.HK) is a Hong Kong Consumer Staples company (Food: Meat/Fish/Dairy) with a market value of $4.43B, the 276th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$2.98 on 6 Nov 2026.
Performance Over six months the shares fell 31.7%, against -2.0% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — lowest of 20 in its peer set.
Growth Revenue grew 5.8% over the last twelve months (peer median +3.8%); the operating margin is 18.1% (peer median 7.3%).
Valuation It trades at 9.7× forward earnings against a peer median of 14.7× (3rd cheapest of 21).
Capital Return on invested capital runs 26.2 points above its cost of capital (5.3% WACC).
Next results Next results expected around 23 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$26.8B | HK$26.8B | HK$25.4B | HK$25.8B | HK$26.2B |
| Revenue growth | — | +6% | -1% | -2% | — |
| Gross profit | HK$12.1B | HK$12.1B | HK$11.8B | HK$11.7B | HK$11.2B |
| EBITDA | HK$5.79B | HK$5.78B | HK$6.55B | HK$6.44B | HK$5.87B |
| Net income | HK$4.22B | HK$4.22B | HK$4.68B | HK$4.36B | HK$3.86B |
| Free cash flow | HK$4.23B | HK$4.18B | HK$4.16B | HK$5.26B | HK$4.32B |
| Capital expenditure | HK$1.12B | HK$1.11B | HK$692M | HK$481M | HK$616M |
| Total debt | n/a | HK$3.19B | HK$4.71B | HK$6.00B | HK$6.41B |
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 |
|---|---|---|---|---|---|---|
| Want Want China 0151.HK | $4.43B | -32% | +6% | 18% | 9.7× | n/a |
| China Feihe 6186.HK | $3.16B | -20% | -4% | 15% | 11.8× | -14.7% |
| Mengniu Dairy 2319.HK | $10.5B | +28% | +3% | 5% | 14.7× | 6.7% |
| Uni-President China 0220.HK | $4.56B | +12% | +4% | 8% | 14.0× | -8.3% |
| Tingyi 0322.HK | $9.59B | +17% | +4% | 9% | 14.1× | -12.9% |
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 | 0151.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +10.2% | +2.3% | 6th highest of 21 |
| 6-month return | -31.7% | -2.0% | lowest of 20 |
| Distance from 52-week high | -42.9% | -17.6% | lowest of 21 |
| Revenue growth (TTM) | +5.8% | +3.8% | 9th highest of 21 |
| Operating margin | 18.1% | 7.3% | highest of 21 |
| Forward P/E | 9.7× | 14.7× | 3rd cheapest of 21 |
| ROIC minus cost of capital | +26.2 pp | +0.6 pp | highest of 21 |
| EV / EBITDA | 4.3× | 9.4× | 3rd cheapest of 19 |
| Net debt / EBITDA | -1.7× | 1.6× | 3rd least indebted of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Want Want China 0151.HK | Hong Kong | $4.43B | -32% | +6% | 18% | 9.7× | n/a | n/a |
| Cranswick CWK.L | United Kingdom | $3.94B | +7% | +10% | 8% | 17.2× | 5.7% | +9.5% |
| Yakult Honsha 2267.T | Japan | $5.15B | +3% | -1% | 9% | 17.0× | n/a | n/a |
| Nh Foods 2282.T | Japan | $3.40B | -10% | +7% | 3% | 14.0× | n/a | n/a |
| China Feihe 6186.HK | Hong Kong | $3.16B | -20% | -4% | 15% | 11.8× | -14.7% | -1.2% |
| Emmi EMMN.SW | Switzerland | $6.32B | +16% | +4% | 7% | 21.8× | 0.3% | +5.1% |
| Bakkafrost P/F BAKKA.OL | Norway | $2.77B | +4% | +7% | 14% | 23.1× | 9.5% | +10.1% |
| Leroy Seafood LSG.OL | Norway | $2.74B | -2% | +1% | 6% | 14.6× | 7.7% | +11.5% |
| Smithfield Foods SFD | United States | $7.60B | -26% | -2% | 7% | 13.0× | -11.5% | +1.9% |
| Hatsun Agro Product HATSUN.NS | India | $2.52B | +8% | +18% | 5% | 49.8× | 25.4% | +12.4% |
| Milky Mist Dairy Food MILKYMIST.NS | India | $2.42B | n/a | +34% | 8% | 79.2× | n/a | n/a |
| New Hope Dairy 002946.SZ | China | $2.22B | -13% | +7% | 9% | 17.6× | 1.9% | +10.7% |
| Morinaga Milk Industry 2264.T | Japan | $2.21B | -9% | +2% | 6% | 14.4× | n/a | n/a |
| China Youran Dairy 9858.HK | Hong Kong | $2.15B | -4% | +7% | -2% | 8.0× | 17.8% | +11.1% |
| Ezaki Glico 2206.T | Japan | $2.07B | -11% | +10% | 3% | 35.7× | 7.5% | +1.0% |
| Bell Food BELL.SW | Switzerland | $1.98B | +42% | +2% | 3% | 10.9× | 2.9% | +4.0% |
| Mengniu Dairy 2319.HK | Hong Kong | $10.5B | +28% | +3% | 5% | 14.7× | 6.7% | +0.9% |
| Wh Group 0288.HK | Hong Kong | $10.8B | -31% | +6% | 9% | 8.4× | -16.4% | +1.9% |
| Austevoll Seafood AUSS.OL | Norway | $1.79B | -8% | -1% | 7% | 11.4× | 2.5% | +11.9% |
| Hormel Foods HRL | United States | $12.1B | +7% | +1% | 7% | 14.4× | 0.9% | +4.7% |
| Magnum Ice Cream MICC.AS | Netherlands | $12.1B | +35% | +1% | 8% | 17.9× | 10.9% | +1.8% |