Loading…
China's largest maker of frozen prepared foods such as surimi products, fish balls and hotpot ingredients.
China's largest maker of frozen prepared foods such as surimi products, fish balls and hotpot ingredients.
Sells surimi-based fish balls and other frozen hotpot ingredients through distributors, restaurant chains and supermarkets, so sales depend on cold-chain reach and on fish and meat costs. It also sells frozen noodle and rice dishes for home cooking.
In one line: A Chinese frozen-foods leader like a hotpot-focused Conagra.
Moat: narrow (scale, distribution, brand). Largest scale and distribution reach in China's frozen prepared-food/hotpot ingredient category.
Headquarters: Xiamen/Fuzhou, China · Employees: 17,100
Size Anjoy Foods (603345.SS) is a China Consumer Staples company (Food: Specialty/Candy) with a market value of $3.82B, the 675th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥87.20 on 6 Nov 2026.
Performance Over six months the shares fell 20.3%, against +1.2% for the median peer and -16.4% for the China market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue grew 18.6% over the last twelve months (peer median +8.2%); the operating margin is 11.7% (peer median 9.3%).
Valuation It trades at 17.3× forward earnings against a peer median of 18.1× (8th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is +18%, so the hurdle is -23 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 13.1 points above its cost of capital (9.0% WACC).
Next results Next results expected around 27 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥18.3B | CN¥16.1B | CN¥15.1B | CN¥14.0B | CN¥12.1B |
| Revenue growth | — | +7% | +8% | +15% | — |
| Gross profit | CN¥4.34B | CN¥3.32B | CN¥3.36B | CN¥3.13B | CN¥2.56B |
| EBITDA | n/a | CN¥2.46B | CN¥2.29B | CN¥2.16B | CN¥1.58B |
| Net income | CN¥1.55B | CN¥1.36B | CN¥1.48B | CN¥1.48B | CN¥1.10B |
| Free cash flow | CN¥2.13B | CN¥1.51B | CN¥1.24B | CN¥531M | CN¥342M |
| Capital expenditure | CN¥926M | CN¥873M | CN¥901M | CN¥1.44B | CN¥1.07B |
| Total debt | CN¥704M | CN¥1.12B | CN¥389M | CN¥566M | CN¥783M |
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 |
|---|---|---|---|---|---|---|
| Anjoy Foods 603345.SS | $3.82B | -20% | +19% | 12% | 17.3× | -4.3% |
| Sanquan Foods 002216.SZ | $1.56B | -18% | +7% | 5% | 18.1× | 2.6% |
| Yihai International 1579.HK | $2.02B | +3% | +11% | 18% | 14.2× | 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 | 603345.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +11.2% | +3.6% | 7th highest of 21 |
| 6-month return | -20.3% | +1.2% | 4th lowest of 21 |
| Distance from 52-week high | -22.5% | -15.6% | 8th lowest of 21 |
| Revenue growth (TTM) | +18.6% | +8.2% | 3rd highest of 21 |
| Operating margin | 11.7% | 9.3% | 7th highest of 21 |
| Forward P/E | 17.3× | 18.1× | 8th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | -4.3% | 5.2% | 3rd least demanding of 18 |
| Growth delivered (Del g) | +18.4% | +9.0% | 4th highest of 18 |
| Hurdle (Req g minus delivered) | -22.6 pp | -6.0 pp | 2nd least demanding of 18 |
| ROIC minus cost of capital | +13.1 pp | +2.2 pp | 3rd highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Anjoy Foods 603345.SS | China | $3.82B | -20% | +19% | 12% | 17.3× | -4.3% | +18.4% |
| Post POST | United States | $3.65B | -19% | +6% | 10% | 11.8× | -2.1% | +7.4% |
| Vita Coco COCO | United States | $3.56B | -13% | +26% | 20% | 30.2× | 8.4% | +14.4% |
| Ashland ASH | United States | $3.51B | +39% | +2% | 7% | 18.0× | 12.3% | -2.5% |
| Jinan Shengquan Group Share 605589.SS | China | $3.46B | -30% | +12% | 8% | 19.7× | n/a | n/a |
| Orion 271560.KS | South Korea | $3.45B | -18% | +11% | 17% | 9.9× | -17.1% | +8.4% |
| Tate & Lyle TATE.L | United Kingdom | $3.34B | +53% | +16% | 9% | 15.2× | 10.8% | +10.6% |
| Greencore GNC.L | United Kingdom | $3.23B | +31% | +26% | 6% | 14.3× | 22.4% | +9.0% |
| Greggs GRG.L | United Kingdom | $3.20B | +42% | +7% | 9% | 18.1× | 10.5% | +21.5% |
| Freshpet FRPT | United States | $3.09B | +21% | +12% | 9% | 34.9× | 28.5% | +28.2% |
| MeiHua 600873.SS | China | $2.99B | -27% | -3% | 4% | 14.5× | n/a | n/a |
| Aak AAK.ST | Sweden | $4.88B | -30% | -1% | 10% | 13.6× | -6.0% | +10.5% |
| Angel Yeast 600298.SS | China | $4.97B | +2% | +15% | 11% | 19.1× | 4.1% | +13.4% |
| Tootsie Roll Industries TR | United States | $2.92B | -8% | +2% | 12% | n/a | 14.1% | +9.2% |
| Sensient Technologies SXT | United States | $5.07B | +1% | +10% | 15% | 25.0× | n/a | n/a |
| Yamazaki Baking 2212.T | Japan | $5.08B | +21% | +5% | 5% | 18.0× | -3.3% | +5.3% |
| 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% |
| Balchem BCPC | United States | $5.54B | +8% | +9% | 22% | 30.9× | 14.5% | +8.1% |
| 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% |