Loading…
COFCO's sugar subsidiary, China's largest sugar refiner/producer, also makes tomato paste and other agri-processed products.
COFCO's sugar subsidiary, China's largest sugar refiner/producer, also makes tomato paste and other agri-processed products.
Sells sugar mainly to food and drink makers and wholesalers, so profit follows the domestic sugar price, which moves with the volume of imports China allows in and with the harvest. Tomato products are a second line. COFCO, the state-owned grain and food trader, is the controlling shareholder.
In one line: China's Domino Sugar, state-owned.
Moat: narrow (scale, distribution). Largest domestic sugar producer with COFCO's nationwide distribution and import-quota access.
Headquarters: Beijing, China · Employees: 5,546
Size Cofco Sugar (600737.SS) is a China Consumer Staples company (Agricultural Commodities/Milling) with a market value of $3.94B, the 651st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥12.27 on 6 Nov 2026.
Performance Over six months the shares fell 18.5%, against -12.9% for the median peer and -16.4% for the China market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue fell 29.4% over the last twelve months (peer median +8.1%); the operating margin is 6.5% (peer median 5.0%).
Valuation It trades at 22.9× forward earnings against a peer median of 15.2× (5th most expensive of 14).
Capital Return on invested capital runs 0.3 points below its cost of capital (9.1% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥21.3B | CN¥26.5B | CN¥32.5B | CN¥33.0B | CN¥26.5B |
| Revenue growth | — | -18% | -2% | +24% | — |
| Gross profit | CN¥3.65B | CN¥2.91B | CN¥3.94B | CN¥4.45B | CN¥2.33B |
| EBITDA | n/a | CN¥1.79B | CN¥2.52B | CN¥3.07B | CN¥1.35B |
| Net income | CN¥1.07B | CN¥951M | CN¥1.71B | CN¥2.07B | CN¥748M |
| Free cash flow | -CN¥971M | CN¥692M | CN¥1.90B | CN¥285M | -CN¥452M |
| Capital expenditure | CN¥479M | CN¥603M | CN¥739M | CN¥652M | CN¥437M |
| Total debt | CN¥3.63B | CN¥4.56B | CN¥3.61B | CN¥3.79B | CN¥5.02B |
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 |
|---|---|---|---|---|---|---|
| Cofco Sugar 600737.SS | $3.94B | -18% | -29% | 6% | 22.9× | n/a |
| Guangxi Yuegui Guangye 000833.SZ | $2.19B | -46% | +67% | 30% | 9.6× | 2.1% |
| Guangxi Rural Investment Sugar Industry 000911.SZ | n/a | -19% | n/a | n/a | n/a | n/a |
| Wilmar International F34.SI | $14.5B | -19% | +6% | 3% | 10.2× | n/a |
| Chalkis Health Industry 000972.SZ | $397M | -9% | +17% | -52% | n/a | -6.8% |
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 | 600737.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -18.9% | +3.1% | 2nd lowest of 21 |
| 6-month return | -18.5% | -12.9% | 6th lowest of 21 |
| Distance from 52-week high | -39.6% | -24.0% | 4th lowest of 21 |
| Revenue growth (TTM) | -29.4% | +8.1% | 2nd lowest of 21 |
| Operating margin | 6.5% | 5.0% | 6th highest of 21 |
| Forward P/E | 22.9× | 15.2× | 5th most expensive of 14 |
| ROIC minus cost of capital | -0.3 pp | +1.1 pp | 9th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Cofco Sugar 600737.SS | China | $3.94B | -18% | -29% | 6% | 22.9× | n/a | n/a |
| Nisshin Seifun 2002.T | Japan | $3.94B | +14% | +3% | 5% | 15.4× | -1.1% | +4.9% |
| Jiangxi Zhengbang Technology 002157.SZ | China | $3.97B | -17% | +15% | -10% | n/a | n/a | n/a |
| Fujian Wanchen Food 300972.SZ | China | $3.86B | -43% | +46% | 7% | 9.9× | -18.7% | +157.9% |
| Heilongjiang Agriculture 600598.SS | China | $3.66B | -18% | -12% | 24% | 59.7× | n/a | n/a |
| Ldc LOUP.PA | France | $4.35B | -6% | +15% | 6% | 11.7× | -7.7% | +10.5% |
| Nichirei 2871.T | Japan | $3.42B | +13% | +10% | 5% | 24.2× | 2.4% | +4.6% |
| Godrej Industries GODREJIND.NS | India | $3.41B | -22% | +17% | 8% | n/a | n/a | n/a |
| Seaboard SEB | United States | $3.38B | -22% | +7% | 3% | n/a | n/a | n/a |
| New Hope Liuhe 000876.SZ | China | $4.71B | -19% | +7% | -3% | n/a | n/a | n/a |
| Fujian Sunner Development 002299.SZ | China | $3.28B | -7% | +13% | 5% | 19.1× | -1.0% | +7.9% |
| First Resources Ltd. (Singapore) EB5.SI | Singapore | $3.27B | -26% | +51% | 30% | 7.6× | -7.1% | +19.0% |
| Patanjali Foods PATANJALI.NS | India | $4.75B | -11% | +19% | 4% | 27.1× | n/a | n/a |
| Ebro Foods EBRO.MC | Spain | $3.12B | +1% | -4% | 10% | 13.2× | -7.7% | +4.4% |
| Cal-Maine Foods CALM | United States | $3.02B | -15% | -43% | 1% | n/a | n/a | n/a |
| Jiangsu Lihua Animal Husbandry 300761.SZ | China | $2.94B | +2% | +7% | 3% | 29.1× | 4.0% | +16.8% |
| Schouw & SCHO.CO | Denmark | $2.90B | +30% | -1% | 4% | 15.1× | -3.3% | +9.9% |
| Golden Agri-Resources E5H.SI | Singapore | $2.68B | -18% | +9% | 6% | 4.2× | -13.7% | +11.6% |
| Yunnan Shennong Agricultural Industry 605296.SS | China | $2.60B | +10% | +2% | -19% | n/a | n/a | n/a |
| Curaleaf CURA.TO | Canada | $2.50B | -18% | +5% | 1% | n/a | n/a | n/a |
| Fuji Oil 2607.T | Japan | $2.46B | +36% | +10% | 5% | 15.2× | 0.9% | +16.2% |