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Major Chinese livestock producer raising broiler chickens and hogs through a contract-farming model.
Major Chinese livestock producer raising broiler chickens and hogs through a contract-farming model.
Hands partner farmers chicks or piglets, feed and veterinary care and pays them per animal raised, so the company grows output without building every farm itself; the animals are sold at market prices. Hogs are usually the larger line and poultry the second, so profit swings with hog and chicken prices.
In one line: China's Tyson Foods/Perdue Farms.
Moat: narrow (scale, cost advantage). Contract-farming network gives scale and cost efficiency versus smallholder producers.
Headquarters: Yunfu, China · Founded: 1983 · Employees: 59,713
Size Wen's Foodstuff (300498.SZ) is a China Consumer Staples company (Agricultural Commodities/Milling) with a market value of $16.7B, the 136th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥16.82 on 6 Nov 2026.
Performance Over six months the shares gained 2.3%, against -10.0% for the median peer and -16.4% for the China market (cap-weighted) — 3rd highest of 13 in its peer set.
Growth Revenue fell 4.8% over the last twelve months (peer median +6.8%); the operating margin is -4.2% (peer median 3.4%).
Valuation It trades at 1.4× enterprise value to sales against a peer median of 0.8× (5th most expensive of 13).
Capital Return on invested capital runs 4.8 points below its cost of capital (5.0% WACC).
Credit Wen's Foodstuff has 1 bond outstanding ($112M), rated BB by the agencies and trading like BB- at a weighted spread of 247 bp.
Next results Next results expected around 28 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥100B | CN¥104B | CN¥106B | CN¥89.9B | CN¥83.7B |
| Revenue growth | — | -2% | +17% | +7% | — |
| Gross profit | CN¥4.93B | CN¥10.8B | CN¥17.4B | -CN¥281M | CN¥11.9B |
| EBITDA | n/a | CN¥11.4B | CN¥16.8B | CN¥98.5M | CN¥12.5B |
| Net income | -CN¥4.95B | CN¥5.27B | CN¥9.28B | -CN¥6.39B | CN¥5.29B |
| Free cash flow | -CN¥9.35B | CN¥1.26B | CN¥10.6B | -CN¥2.00B | CN¥1.81B |
| Capital expenditure | CN¥13.1B | CN¥10.7B | CN¥9.17B | CN¥9.77B | CN¥9.35B |
| Total debt | CN¥29.1B | CN¥21.0B | CN¥27.8B | CN¥38.5B | CN¥38.5B |
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 |
|---|---|---|---|---|---|---|
| Wen's Foodstuff 300498.SZ | $16.7B | +2% | -5% | -4% | 1.4× | n/a |
| Muyuan Foods 002714.SZ | $33.9B | -1% | -19% | -4% | 2.2× | n/a |
| New Hope Liuhe 000876.SZ | $4.71B | -19% | +7% | -3% | 0.9× | n/a |
| Wh Group 0288.HK | $10.8B | -31% | +6% | 9% | 0.5× | -16.4% |
| Fujian Sunner Development 002299.SZ | $3.28B | -7% | +13% | 5% | 1.3× | -1.0% |
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 | 300498.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +13.1% | +4.7% | 4th highest of 13 |
| 6-month return | +2.3% | -10.0% | 3rd highest of 13 |
| Distance from 52-week high | -9.6% | -24.8% | 3rd highest of 13 |
| Revenue growth (TTM) | -4.8% | +6.8% | 3rd lowest of 13 |
| Operating margin | -4.2% | 3.4% | 2nd lowest of 13 |
| EV / Sales | 1.4× | 0.8× | 5th most expensive of 13 |
| ROIC minus cost of capital | -4.8 pp | -0.0 pp | 3rd lowest of 13 |
| Bond spread | 247 bp | 75 bp | widest of 4 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Wen's Foodstuff 300498.SZ | China | $16.7B | +2% | -5% | -4% | 1.4× | n/a | n/a |
| Bunge Global BG | United States | $19.0B | -20% | +55% | 4% | 0.4× | n/a | n/a |
| Wilmar International F34.SI | Singapore | $14.5B | -19% | +6% | 3% | 0.6× | n/a | n/a |
| Guangdong Haid 002311.SZ | China | $12.1B | -1% | +8% | 3% | 0.7× | -1.1% | +16.3% |
| Inner Mongolia Yili Industrial 600887.SS | China | $29.3B | +15% | +2% | 9% | 2.1× | -0.1% | +3.7% |
| Archer Daniels Midland ADM | United States | $33.3B | -9% | +1% | 3% | 0.5× | 8.0% | +4.5% |
| Muyuan Foods 2714.HK | Hong Kong | $33.4B | -12% | -14% | -4% | 2.3× | n/a | n/a |
| SalMar SALM.OL | Norway | $8.35B | +5% | +14% | 19% | 3.2× | 3.5% | +16.3% |
| Tongwei 600438.SS | China | $8.27B | -29% | -12% | -15% | 1.9× | n/a | n/a |
| Pilgrim's Pride PPC | United States | $6.79B | -2% | 0% | 5% | 0.5× | -4.8% | +8.9% |
| Patanjali Foods PATANJALI.NS | India | $4.75B | -11% | +19% | 4% | 1.1× | n/a | n/a |
| New Hope Liuhe 000876.SZ | China | $4.71B | -19% | +7% | -3% | 0.9× | n/a | n/a |
| Ldc LOUP.PA | France | $4.35B | -6% | +15% | 6% | 0.5× | -7.7% | +10.5% |
Wen's Foodstuff has 1 bond outstanding with $112M face value. The agencies rate it BB; its bonds trade like BB-. Weighted yield 7.08%, a spread of 247 bp over government bonds.