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← CockpitCompetitor Analysis › 603777.SS Shanghai Laiyifen Co Ltd Class AOpen in the cockpit ↗

Shanghai Laiyifen Co Ltd Class A603777.SSCompetitor analysis, valuation and peers

China · CNY·Consumer Staples›Food: Specialty/Candy
Momentum strong 76
Mkt cap
$693M
US dollars, full cap
Free float
38%
of shares outstanding
$/day
$21.1M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-37.5 pp
WACC 7.9%
Hurdle
+28 pp
Req g minus delivered
Close · CNYCN¥14.04
1D-4.0%
1W+9.8%
1M+0.1%
3M+2.8%
6M-14.6%
YTD+2.3%
1Y+7.5%
ATR %6.1%
52w lowhigh35.2% off high

What Shanghai Laiyifen does

Employees: 3,320

Shanghai Laiyifen at a glance

Size Shanghai Laiyifen (603777.SS) is a China Consumer Staples company (Food: Specialty/Candy) with a market value of $693M, the 3081st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥14.04 on 6 Nov 2026.

Performance Over six months the shares fell 14.6%, against -8.8% for the median peer and -16.4% for the China market (cap-weighted) — 8th lowest of 21 in its peer set.

Growth Revenue grew 5.2% over the last twelve months (peer median +5.8%); the operating margin is -6.0% (peer median 8.4%).

Valuation It trades at 1.0× enterprise value to sales against a peer median of 1.7× (5th cheapest of 21).

Price implies For today's price to make sense, revenue must grow about 27% a year for seven years (Req g). Recent delivered growth is -1%, so the hurdle is +28 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 37.5 points below its cost of capital (7.9% WACC).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026Peer median 91603777.SS 78
Six months, rebased to 100: Shanghai Laiyifen against the median of its 20 peers (local-currency closes).

Shanghai Laiyifen financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueCN¥3.69BCN¥3.81BCN¥3.35BCN¥3.96BCN¥4.35B
Revenue growth—+14%-16%-9%—
Gross profitCN¥716MCN¥839MCN¥1.02BCN¥1.30BCN¥1.44B
EBITDACN¥105MCN¥202MCN¥351MCN¥486MCN¥565M
Net income-CN¥202M-CN¥161M-CN¥75.3MCN¥57.0MCN¥102M
Free cash flowCN¥59.4MCN¥136MCN¥264MCN¥276MCN¥595M
Capital expenditureCN¥75.4MCN¥81.2MCN¥75.5MCN¥89.6MCN¥87.0M
Total debtCN¥332MCN¥506MCN¥338MCN¥398MCN¥527M

Quarterly statements and history in the cockpit →

Shanghai Laiyifen competitor charts

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.

Performance: 6-month against 1-month return

-30%-20%-10%0%+10%-20%-10%0%002166HNDFDSBECTORFOODGAELJBSS60533892796036976053003009732803600024814914003000ORKLAINDIA30090814756030204958002582603777.SS6-month return →1-month return →
Up and to the right = strong over both horizons. Shanghai Laiyifen is the large dot.

Fundamentals: revenue growth against valuation

0%+10%+20%1×2×3×002166HNDFDSBECTORFOODGAELJBSS6053389279603697605300300973280360002481491400300030090814754958002582603777.SSRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Shanghai Laiyifen is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%0%20%40%002166BECTORFOODJBSS605338603697605300280360002481ORKLAINDIA30090814756030204958603777.SSGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Shanghai Laiyifen is the large dot.

Shanghai Laiyifen competitors and peer comparison

How Shanghai Laiyifen compares with its peers

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.

Shanghai Laiyifen against its 20 peers (data as of 6 Nov 2026)
Measure603777.SSPeer medianRank in peer set
1-month return+0.1%-2.8%8th highest of 21
6-month return-14.6%-8.8%8th lowest of 21
Distance from 52-week high-35.2%-29.3%8th lowest of 21
Revenue growth (TTM)+5.2%+5.8%9th lowest of 21
Operating margin-6.0%8.4%2nd lowest of 21
EV / Sales1.0×1.7×5th cheapest of 21
Growth the price implies (Req g, 7 yrs)27.2%6.9%2nd most demanding of 14
Growth delivered (Del g)-0.9%+7.8%2nd lowest of 14
Hurdle (Req g minus delivered)+28.2 pp-5.3 ppmost demanding of 14
ROIC minus cost of capital-37.5 pp+1.8 pplowest of 21
Net debt / EBITDA-9.3×-0.2×least indebted of 12

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Shanghai Laiyifen 603777.SSChina$693M-15%+5%-6%1.0×27.2%-0.9%
Guilin Layn Natural Ingredients 002166.SZChina$691M-29%+7%10%2.7×8.4%+21.1%
Hindustan Foods HNDFDS.NSIndia$704M0%+18%6%1.5×n/an/a
Mrs. Bector's Food Specialities BECTORFOOD.NSIndia$681M+3%+12%8%2.9×38.4%+18.5%
Gujarat Ambuja Exports GAEL.NSIndia$729M-8%+16%10%1.1×n/an/a
John B. Sanfilippo & Son JBSSUnited States$643M-29%+3%7%0.7×-8.2%+6.5%
Zhongyin Babi Food 605338.SSChina$753M-10%+2%17%2.2×-4.5%+13.8%
Gift 9279.TJapan$635M+31%+24%11%2.5×n/an/a
YouYou Foods 603697.SSChina$627M-7%+30%11%1.8×2.5%+7.8%
Jiahe Foods Industry 605300.SSChina$623M-17%-7%1%1.1×18.9%+3.7%
Ligao Foods 300973.SZChina$604M-19%+5%7%1.0×n/an/a
Lotte Wellfood 280360.KSSouth Korea$796M+2%+7%4%0.5×0.4%+15.2%
Yan Tai Shuang Ta Food 002481.SZChina$803M-4%+5%2%2.6×17.7%+1.2%
Takasago International 4914.TJapan$809M+9%+1%3%0.8×n/an/a
Jinzai Food 003000.SZChina$810M-17%+14%8%1.9×n/an/a
Orkla India ORKLAINDIA.NSIndia$826M-12%+6%14%2.7×13.4%+5.3%
Zhongjing Food 300908.SZChina$579M-31%+6%19%3.2×6.9%+8.3%
Nissin Foods 1475.HKHong Kong$834M-14%+1%13%1.2×-13.0%+2.6%
Apple Flavor & Fragrance 603020.SSChina$570M-7%+3%4%0.9×16.4%-1.5%
T. Hasegawa 4958.TJapan$847M+12%+7%12%1.3×-4.8%+7.9%
Haoxiangni Health Food 002582.SZChina$558M-21%-17%-11%2.9×n/an/a

Questions

Which companies are Shanghai Laiyifen's closest peers?
The cockpit's peer set: Guilin Layn Natural Ingredients (002166.SZ), Hindustan Foods (HNDFDS.NS), Mrs. Bector's Food Specialities (BECTORFOOD.NS), Gujarat Ambuja Exports (GAEL.NS), John B. Sanfilippo & Son (JBSS), Zhongyin Babi Food (605338.SS), Gift (9279.T), YouYou Foods (603697.SS).
Is Shanghai Laiyifen expensive compared with its peers?
On ev / sales it trades at 1.0× against a peer median of 1.7×, 5th cheapest of 21 in its peer set. For today's price to make sense, revenue must grow about 27% a year for seven years (Req g). Recent delivered growth is -1%, so the hurdle is +28 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.
How has Shanghai Laiyifen stock performed?
Over six months to 6 Nov 2026 the shares returned -14.6% against -8.8% for the median peer; over one year +7.5%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.