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Hong Kong-listed China Resources unit focused on wine (Great Wall) and food distribution, after exiting Coca-Cola bottling.
Hong Kong-listed China Resources unit focused on wine (Great Wall) and food distribution, after exiting Coca-Cola bottling.
Sells wine under the Great Wall brand and distributes imported foods through China Resources' network, so earnings depend on shelf space and brand pull in a crowded drinks market. It was reshaped when its soft-drink bottling business was sold.
Moat: narrow (brand, distribution). Owns a recognized domestic wine brand and China Resources distribution network, in a competitive wine market.
Headquarters: Hong Kong · Employees: 18,349
Size China Foods (0506.HK) is a Hong Kong Consumer Staples company (Beverages: Non-Alcoholic) with a market value of $1.43B, the 501st largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$4.02 on 6 Nov 2026.
Performance Over six months the shares gained 8.4%, against +2.8% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue grew 4.4% over the last twelve months (peer median +2.2%); the operating margin is 8.2% (peer median 7.6%).
Valuation It trades at 10.1× forward earnings against a peer median of 14.9× (2nd cheapest of 15).
Price implies For today's price to make sense, revenue must grow about -17% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is -21 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 8.6 points above its cost of capital (7.6% WACC).
Next results Next results expected around 30 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$25.3B | HK$23.9B | HK$23.3B | HK$23.7B | HK$24.4B |
| Revenue growth | — | +3% | -2% | -3% | — |
| Gross profit | HK$9.17B | HK$8.87B | HK$8.80B | HK$8.34B | HK$8.72B |
| EBITDA | HK$3.12B | HK$2.89B | HK$2.81B | HK$2.64B | HK$2.49B |
| Net income | HK$1.02B | HK$935M | HK$933M | HK$920M | HK$767M |
| Free cash flow | HK$2.25B | HK$2.44B | HK$2.36B | HK$2.03B | HK$263M |
| Capital expenditure | HK$1.30B | HK$1.15B | HK$840M | HK$716M | HK$1.03B |
| Total debt | n/a | HK$76.0M | HK$91.1M | HK$87.4M | HK$64.8M |
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 |
|---|---|---|---|---|---|---|
| China Foods 0506.HK | $1.43B | +8% | +4% | 8% | 10.1× | -17.0% |
| Yantai Changyu Pioneer Wine 000869.SZ | $1.36B | -12% | -2% | 3% | 16.1× | 3.7% |
| Treasury Wine Estates TWE.AX | $3.56B | +52% | -12% | 17% | 18.4× | 9.3% |
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 | 0506.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.1% | +1.7% | 7th highest of 21 |
| 6-month return | +8.4% | +2.8% | 7th highest of 21 |
| Distance from 52-week high | -18.8% | -17.9% | 10th lowest of 21 |
| Revenue growth (TTM) | +4.4% | +2.2% | 8th highest of 21 |
| Operating margin | 8.2% | 7.6% | 10th highest of 20 |
| Forward P/E | 10.1× | 14.9× | 2nd cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | -17.0% | 0.2% | least demanding of 14 |
| Growth delivered (Del g) | +4.3% | +6.1% | 6th lowest of 14 |
| Hurdle (Req g minus delivered) | -21.3 pp | -7.8 pp | least demanding of 14 |
| ROIC minus cost of capital | +8.6 pp | +3.6 pp | 5th highest of 20 |
| EV / EBITDA | 2.9× | 8.2× | cheapest of 17 |
| Net debt / EBITDA | -2.2× | 0.5× | 2nd least indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| China Foods 0506.HK | Hong Kong | $1.43B | +8% | +4% | 8% | 10.1× | -17.0% | +4.3% |
| Fevertree Drinks FEVR.L | United Kingdom | $1.36B | +18% | +2% | 9% | 33.0× | 27.9% | +5.2% |
| Princes PRN.L | United Kingdom | $1.21B | -3% | +30% | 4% | 12.6× | -7.1% | +9.3% |
| Lassonde Industries LAS-A.TO | Canada | $1.14B | +4% | +2% | 9% | 8.9× | -13.2% | +8.2% |
| Shenzhen Cereals 000019.SZ | China | $1.04B | -20% | +1% | 6% | n/a | 4.6% | -14.3% |
| NATURECELL 007390.KS | South Korea | $1.04B | +14% | -15% | -18% | n/a | n/a | n/a |
| China Resources Beverage (Holdings) 2460.HK | Hong Kong | $2.27B | -14% | -19% | 6% | 18.1× | n/a | n/a |
| A.G. BARR p.l.c BAG.L | United Kingdom | $887M | -2% | +7% | 15% | 12.4× | n/a | n/a |
| LotteChilsung 005300.KS | South Korea | $791M | -9% | +1% | 5% | 11.2× | -2.0% | +12.0% |
| SDIC Zhonglu Fruit Juice 600962.SS | China | $2.62B | -1% | +100% | n/a | n/a | n/a | n/a |
| DyDo 2590.T | Japan | $624M | +21% | +3% | 4% | 17.3× | n/a | n/a |
| National Beverage FIZZ | United States | $3.48B | +6% | -2% | 18% | 19.2× | 3.4% | +1.9% |
| Nanfang Black Sesame 000716.SZ | China | $590M | +2% | +5% | 2% | n/a | 28.5% | -10.1% |
| Nichols NICL.L | United Kingdom | $539M | +18% | +3% | 18% | 15.1× | 0.2% | +8.1% |
| Zhe Jiang Li Zi Yuan Food 605337.SS | China | $526M | -17% | -4% | 12% | 22.1× | n/a | n/a |
| Premium Water 2588.T | Japan | $483M | +4% | +4% | 16% | n/a | -11.0% | +7.4% |
| Embotelladora Andina S.A. Sponsored ADR Pfd AKO-B | United States | $4.26B | +7% | +10% | 13% | 14.6× | -4.2% | +10.4% |
| Uni-President China 0220.HK | Hong Kong | $4.56B | +12% | +4% | 8% | 14.0× | -8.3% | +6.1% |
| Coca-Cola Bottlers Japan 2579.T | Japan | $4.60B | +31% | -2% | 4% | 31.7× | 8.4% | +2.4% |
| Lifedrink 2585.T | Japan | $410M | -12% | +21% | 10% | 14.6× | n/a | n/a |
| Hey-Song 1234.TW | Taiwan | $389M | -9% | -8% | 5% | n/a | 10.4% | +0.7% |