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Employees: 11,758
Size Wellhope Foods (603609.SS) is a China Consumer Staples company (Food: Specialty/Candy) with a market value of $870M, the 2581st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥6.46 on 6 Nov 2026.
Performance Over six months the shares fell 7.8%, against -6.5% for the median peer and -16.4% for the China market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 6.7% over the last twelve months (peer median +5.3%); the operating margin is 0.1% (peer median 8.4%).
Valuation It trades at 53.8× forward earnings against a peer median of 17.1× (most expensive of 16).
Price implies For today's price to make sense, revenue must grow about 54% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is +46 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 4.8 points below its cost of capital (5.0% WACC).
Next results Next results expected around 26 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥37.3B | CN¥35.8B | CN¥32.5B | CN¥36.0B | CN¥32.8B |
| Revenue growth | — | +10% | -10% | +10% | — |
| Gross profit | CN¥2.07B | CN¥1.94B | CN¥1.93B | CN¥1.35B | CN¥1.90B |
| EBITDA | CN¥949M | CN¥1.04B | CN¥1.12B | CN¥362M | CN¥1.11B |
| Net income | -CN¥189M | CN¥52.5M | CN¥342M | -CN¥457M | CN¥513M |
| Free cash flow | CN¥247M | CN¥61.7M | CN¥801M | CN¥544M | -CN¥619M |
| Capital expenditure | CN¥631M | CN¥653M | CN¥393M | CN¥487M | CN¥843M |
| Total debt | CN¥6.70B | CN¥6.68B | CN¥4.61B | CN¥4.77B | CN¥4.44B |
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.
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 | 603609.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.4% | +0.9% | 7th highest of 21 |
| 6-month return | -7.8% | -6.5% | 11th highest of 21 |
| Distance from 52-week high | -20.6% | -24.0% | 9th highest of 21 |
| Revenue growth (TTM) | +6.7% | +5.3% | 8th highest of 21 |
| Operating margin | 0.1% | 8.4% | 4th lowest of 21 |
| Forward P/E | 53.8× | 17.1× | most expensive of 16 |
| Growth the price implies (Req g, 7 yrs) | 54.2% | -4.7% | most demanding of 15 |
| Growth delivered (Del g) | +8.5% | +7.6% | 6th highest of 15 |
| Hurdle (Req g minus delivered) | +45.7 pp | -13.6 pp | most demanding of 15 |
| ROIC minus cost of capital | -4.8 pp | +2.3 pp | 4th lowest of 21 |
| Net debt / EBITDA | 5.8× | -0.4× | 2nd most indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Wellhope Foods 603609.SS | China | $870M | -8% | +7% | 0% | 53.8× | 54.2% | +8.5% |
| Westrock Coffee WEST | United States | $878M | +9% | +39% | 0% | n/a | n/a | n/a |
| Otoki 007310.KS | South Korea | $879M | -13% | +4% | 5% | 9.4× | -6.5% | +7.2% |
| T. Hasegawa 4958.T | Japan | $847M | +12% | +7% | 12% | 17.1× | -4.8% | +7.9% |
| Nissin Foods 1475.HK | Hong Kong | $834M | -14% | +1% | 13% | 19.0× | -13.0% | +2.6% |
| Orkla India ORKLAINDIA.NS | India | $826M | -12% | +6% | 14% | 22.8× | 13.4% | +5.3% |
| Jinzai Food 003000.SZ | China | $810M | -17% | +14% | 8% | 17.7× | n/a | n/a |
| Takasago International 4914.T | Japan | $809M | +9% | +1% | 3% | 13.3× | n/a | n/a |
| Yan Tai Shuang Ta Food 002481.SZ | China | $803M | -4% | +5% | 2% | n/a | 17.7% | +1.2% |
| Chenguang Biotech 300138.SZ | China | $946M | +13% | -4% | 6% | 16.1× | -1.0% | +10.9% |
| Guilin Seamild Foods 002956.SZ | China | $947M | -14% | +21% | 11% | 23.3× | 9.0% | +17.0% |
| Lotte Wellfood 280360.KS | South Korea | $796M | +2% | +7% | 4% | 8.8× | 0.4% | +15.2% |
| Food Empire F03.SI | Singapore | $952M | -22% | +14% | 16% | 12.7× | -9.9% | +14.9% |
| Jiajia Food 002650.SZ | China | $983M | -25% | -3% | -11% | n/a | 1.2% | -10.0% |
| Namchow Food Group (Shanghai) 605339.SS | China | $1.01B | -2% | -5% | -1% | n/a | n/a | n/a |
| Zhongyin Babi Food 605338.SS | China | $753M | -10% | +2% | 17% | 17.3× | -4.5% | +13.8% |
| Seneca Foods SENEA | United States | $1.03B | +9% | +12% | 9% | 10.9× | -15.1% | +2.5% |
| Gujarat Ambuja Exports GAEL.NS | India | $729M | -8% | +16% | 10% | 11.3× | n/a | n/a |
| ARIAKE JAPAN 2815.T | Japan | $1.04B | -5% | +3% | 17% | 17.4× | -7.4% | +6.1% |
| ORION 001800.KS | South Korea | $1.06B | -4% | +15% | 15% | n/a | -16.5% | +8.3% |
| Star Lake Bioscience 600866.SS | China | $1.07B | -26% | -3% | 0% | 37.2× | n/a | n/a |