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Maker of hotpot base and Chinese-cuisine compound seasonings sold to retail consumers and restaurants.
Maker of hotpot base and Chinese-cuisine compound seasonings sold to retail consumers and restaurants.
Sells packaged seasonings through distributors to supermarkets and online shops, and in bulk to restaurants, with hotpot base the best-known line. Ingredient costs, mainly chilli and cooking oil, move its earnings from year to year.
In one line: A Chinese compound-seasoning maker, akin to a hotpot-focused McCormick.
Moat: narrow (brand, distribution). Established seasoning brand with broad retail distribution in a fragmented category.
Headquarters: Chengdu, China · Employees: 3,289
Size Sichuan Teway Food (603317.SS) is a China Consumer Staples company (Food: Specialty/Candy) with a market value of $2.24B, the 1141st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥14.10 on 6 Nov 2026.
Performance Over six months the shares fell 17.7%, against +2.4% for the median peer and -16.4% for the China market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue grew 22.4% over the last twelve months (peer median +2.8%); the operating margin is 21.1% (peer median 9.3%).
Valuation It trades at 20.4× forward earnings against a peer median of 19.4× (9th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 3% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 19.7 points above its cost of capital (7.5% WACC).
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥4.28B | CN¥3.43B | CN¥3.45B | CN¥3.13B | CN¥2.68B |
| Revenue growth | — | -1% | +10% | +17% | — |
| Gross profit | CN¥1.84B | CN¥1.36B | CN¥1.34B | CN¥1.16B | CN¥895M |
| EBITDA | n/a | CN¥783M | CN¥755M | CN¥514M | CN¥378M |
| Net income | CN¥763M | CN¥570M | CN¥625M | CN¥457M | CN¥342M |
| Free cash flow | CN¥726M | CN¥555M | CN¥725M | CN¥561M | CN¥379M |
| Capital expenditure | CN¥92.2M | CN¥109M | CN¥153M | CN¥99.1M | CN¥223M |
| Total debt | CN¥286M | CN¥21.3M | CN¥59.4M | CN¥51.0M | CN¥99.1M |
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 |
|---|---|---|---|---|---|---|
| Sichuan Teway Food 603317.SS | $2.24B | -18% | +22% | 21% | 20.4× | 2.9% |
| Qianhe Condiment & Food 603027.SS | $1.43B | -21% | -6% | 14% | 23.9× | 3.1% |
| Jiajia Food 002650.SZ | $983M | -25% | -3% | -11% | n/a | 1.2% |
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 | 603317.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +12.7% | +3.2% | 4th highest of 21 |
| 6-month return | -17.7% | +2.4% | 4th lowest of 21 |
| Distance from 52-week high | -18.5% | -13.7% | 8th lowest of 21 |
| Revenue growth (TTM) | +22.4% | +2.8% | highest of 21 |
| Operating margin | 21.1% | 9.3% | 4th highest of 21 |
| Forward P/E | 20.4× | 19.4× | 9th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 2.9% | 0.2% | 8th most demanding of 19 |
| Growth delivered (Del g) | +7.8% | +7.2% | 10th highest of 19 |
| Hurdle (Req g minus delivered) | -4.9 pp | -6.3 pp | 9th most demanding of 19 |
| ROIC minus cost of capital | +19.7 pp | +3.3 pp | 3rd highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sichuan Teway Food 603317.SS | China | $2.24B | -18% | +22% | 21% | 20.4× | 2.9% | +7.8% |
| Gambol Pet 301498.SZ | China | $2.25B | -32% | +14% | 7% | 43.6× | n/a | n/a |
| Weilong Delicious Global 9985.HK | Hong Kong | $2.22B | -20% | +13% | 25% | 9.6× | -6.3% | +11.1% |
| Yantai North Andre Juice 2218.HK | Hong Kong | $2.31B | +27% | -14% | 18% | 21.9× | 21.9% | +14.0% |
| Premier Foods PFD.L | United Kingdom | $2.34B | +3% | +2% | 18% | 12.6× | -1.3% | +4.4% |
| Kanematsu 8020.T | Japan | $2.35B | +2% | +4% | 5% | 9.6× | -2.4% | +10.5% |
| CALBEE 2229.T | Japan | $2.37B | +7% | +5% | 8% | 22.0× | -1.8% | +5.0% |
| Lotus 600186.SS | China | $2.37B | -18% | +21% | 13% | 35.2× | n/a | n/a |
| UTZ Brands UTZ | United States | $2.05B | +90% | +2% | 4% | 17.9× | 31.8% | +8.3% |
| Chongqing Fuling Zhacai 002507.SZ | China | $2.04B | -6% | +3% | 28% | 18.0× | -0.9% | +1.4% |
| Nissui 1332.T | Japan | $1.97B | -16% | +8% | 4% | 10.8× | 0.9% | +8.7% |
| Suedzucker SZU.DE | Germany | $2.57B | -5% | -5% | -3% | 34.2× | 0.7% | +4.6% |
| House Foods 2810.T | Japan | $2.58B | +49% | 0% | 6% | 27.2× | 5.0% | +4.9% |
| Robertet RBT.PA | France | $1.84B | +4% | 0% | 15% | 18.3× | -0.4% | +9.4% |
| Anhui Jinhe Industrial 002597.SZ | China | $1.83B | -8% | +22% | 4% | 19.4× | 10.3% | +6.0% |
| Cloetta CLA-B.ST | Sweden | $1.82B | +16% | 0% | 14% | 20.9× | -0.3% | +8.4% |
| Kotobuki Spirits 2222.T | Japan | $2.81B | +41% | +10% | 25% | 29.3× | 5.2% | +27.7% |
| Marzetti MZTI | United States | $2.86B | -8% | -1% | 11% | 15.6× | -2.4% | +5.6% |
| Nongshim 004370.KS | South Korea | $1.74B | +8% | +5% | 6% | 11.8× | -16.1% | +5.9% |
| Corbion CRBN.AS | Netherlands | $1.73B | +37% | -3% | 8% | 19.6× | 11.5% | +5.1% |
| Tootsie Roll Industries TR | United States | $2.92B | -8% | +2% | 12% | n/a | 14.1% | +9.2% |