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One of the world's largest producers of MSG and amino acids such as lysine and threonine for food and feed.
One of the world's largest producers of MSG and amino acids such as lysine and threonine for food and feed.
Ferments corn into MSG and amino acids sold by the tonne to food makers and feed mills, so profit is the gap between product prices and the cost of corn, coal and other inputs. Much of its capacity sits in Xinjiang and Inner Mongolia, near corn and energy supplies.
In one line: A Chinese peer to ADM/Ajinomoto in amino-acid fermentation.
Moat: narrow (scale, cost advantage). Large-scale fermentation capacity gives cost leadership in MSG and feed amino acids.
Headquarters: Langfang, China · Employees: 13,168
Size MeiHua (600873.SS) is a China Consumer Staples company (Food: Specialty/Candy) with a market value of $2.99B, the 863rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥7.25 on 6 Nov 2026.
Performance Over six months the shares fell 26.9%, against +2.4% for the median peer and -16.4% for the China market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue fell 2.6% over the last twelve months (peer median +6.5%); the operating margin is 3.8% (peer median 9.6%).
Valuation It trades at 14.5× forward earnings against a peer median of 18.1× (6th cheapest of 20).
Capital Return on invested capital runs 4.3 points above its cost of capital (5.0% WACC).
Next results Next results expected around 2 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥24.0B | CN¥24.1B | CN¥25.0B | CN¥27.7B | CN¥27.9B |
| Revenue growth | — | -3% | -10% | -1% | — |
| Gross profit | CN¥3.81B | CN¥4.39B | CN¥4.86B | CN¥5.24B | CN¥6.80B |
| EBITDA | n/a | CN¥4.06B | CN¥4.49B | CN¥4.94B | CN¥6.43B |
| Net income | CN¥968M | CN¥3.28B | CN¥2.74B | CN¥3.18B | CN¥4.41B |
| Free cash flow | -CN¥282M | CN¥2.01B | CN¥2.67B | CN¥3.93B | CN¥4.24B |
| Capital expenditure | CN¥2.31B | CN¥2.09B | CN¥2.00B | CN¥1.33B | CN¥1.46B |
| Total debt | CN¥6.47B | CN¥5.79B | CN¥5.31B | CN¥5.31B | CN¥6.53B |
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 |
|---|---|---|---|---|---|---|
| MeiHua 600873.SS | $2.99B | -27% | -3% | 4% | 14.5× | n/a |
| Fufeng 0546.HK | $1.31B | -37% | +1% | 4% | 7.4× | n/a |
| Lotus 600186.SS | $2.37B | -18% | +21% | 13% | 35.2× | n/a |
| CJ CheilJedang 097950.KS | $2.06B | -26% | -7% | 4% | 10.8× | 3.3% |
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 | 600873.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.0% | +4.9% | 5th lowest of 21 |
| 6-month return | -26.9% | +2.4% | 2nd lowest of 21 |
| Distance from 52-week high | -45.2% | -15.5% | 2nd lowest of 21 |
| Revenue growth (TTM) | -2.6% | +6.5% | 3rd lowest of 21 |
| Operating margin | 3.8% | 9.6% | 2nd lowest of 21 |
| Forward P/E | 14.5× | 18.1× | 6th cheapest of 20 |
| ROIC minus cost of capital | +4.3 pp | +1.7 pp | 7th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| MeiHua 600873.SS | China | $2.99B | -27% | -3% | 4% | 14.5× | n/a | n/a |
| Tootsie Roll Industries TR | United States | $2.92B | -8% | +2% | 12% | n/a | 14.1% | +9.2% |
| Freshpet FRPT | United States | $3.09B | +21% | +12% | 9% | 34.9× | 28.5% | +28.2% |
| Marzetti MZTI | United States | $2.86B | -8% | -1% | 11% | 15.6× | -2.4% | +5.6% |
| Kotobuki Spirits 2222.T | Japan | $2.81B | +41% | +10% | 25% | 29.3× | 5.2% | +27.7% |
| Greggs GRG.L | United Kingdom | $3.20B | +42% | +7% | 9% | 18.1× | 10.5% | +21.5% |
| Greencore GNC.L | United Kingdom | $3.23B | +31% | +26% | 6% | 14.3× | 22.4% | +9.0% |
| Tate & Lyle TATE.L | United Kingdom | $3.34B | +53% | +16% | 9% | 15.2× | 10.8% | +10.6% |
| Orion 271560.KS | South Korea | $3.45B | -18% | +11% | 17% | 9.9× | -17.1% | +8.4% |
| Jinan Shengquan Group Share 605589.SS | China | $3.46B | -30% | +12% | 8% | 19.7× | n/a | n/a |
| House Foods 2810.T | Japan | $2.58B | +49% | 0% | 6% | 27.2× | 5.0% | +4.9% |
| Suedzucker SZU.DE | Germany | $2.57B | -5% | -5% | -3% | 34.2× | 0.7% | +4.6% |
| Ashland ASH | United States | $3.51B | +39% | +2% | 7% | 18.0× | 12.3% | -2.5% |
| Vita Coco COCO | United States | $3.56B | -13% | +26% | 20% | 30.2× | 8.4% | +14.4% |
| Post POST | United States | $3.65B | -19% | +6% | 10% | 11.8× | -2.1% | +7.4% |
| Lotus 600186.SS | China | $2.37B | -18% | +21% | 13% | 35.2× | n/a | n/a |
| CALBEE 2229.T | Japan | $2.37B | +7% | +5% | 8% | 22.0× | -1.8% | +5.0% |
| Kanematsu 8020.T | Japan | $2.35B | +2% | +4% | 5% | 9.6× | -2.4% | +10.5% |
| Anjoy Foods 603345.SS | China | $3.82B | -20% | +19% | 12% | 17.3× | -4.3% | +18.4% |
| Premier Foods PFD.L | United Kingdom | $2.34B | +3% | +2% | 18% | 12.6× | -1.3% | +4.4% |
| Yantai North Andre Juice 605198.SS | China | $2.31B | +16% | -17% | 18% | 66.5× | 36.8% | +14.8% |