Foshan Haitian Flavouring and Food: Transferring Coverage; H-Shares Undervalued
We transfer coverage of Foshan Haitian Flavouring and Food, China's largest condiment producer, best known for its strong position in soy sauce.
Foshan Haitian Flavouring and Food Co Ltd Class A 603288
Bulls Say, Bears Say
Bulls
A strong recovery in China's restaurant sector lifts foodservice volume.
Bears
Consumers trade down to cheaper regional brands as sentiment weakens, leading to sales declines.
Trading Information
- Previous Close Price
- CN¥35.26
- Day Range
- CN¥34.88–35.55
- 52-Week Range
- CN¥31.60–42.45
- Bid/Ask
- CN¥35.46 / CN¥35.47
- Shares Outstanding
- 5.84B
- Market Cap
- CN¥207.23B
- Volume/Avg
- 15M / 15M
Key Statistics
- Price/Earnings (Normalized)
- 29.18
- Price/Sales
- 6.98
- Dividend Yield (Trailing)
- 2.26%
- Dividend Yield (Forward)
- 2.26%
- Dividend Payment Schedule
- Jun
- Total Yield
- 2.26%
Company Profile
Based in Foshan, Guangdong province, Foshan Haitian Flavouring and Food is China’s largest condiment producer. It holds the number-one market share in soy sauce and oyster sauce. Soy sauce contributes 52% of 2025 revenue, oyster sauce 17%, and flavored sauces 10%, with the balance being specialty condiments and others. Haitian’s products reach 3 million points of sale through about 6,700 distributors.
- Sector
- Consumer Defensive
- Industry
- Packaged Foods
- Stock Style Box
- Large Core
- Total Number of Employees
- 9,160
- Website
- https://www.haitian-food.com
Competitors
Valuation
Metric | 603288 | MKC | KHC |
|---|---|---|---|
Price/Earnings (Normalized) | 29.18 | 15.06 | 9.72 |
Price/Book Value | 5.27 | 1.84 | 0.80 |
Price/Sales | 6.98 | 1.68 | 1.17 |
Price/Cash Flow | 31.12 | 12.86 | 7.91 |
Price/Earnings
603288
MKC
KHC
Financial Strength
Metric | 603288 | MKC | KHC |
|---|---|---|---|
Quick Ratio | 3.89 | 0.26 | 0.48 |
Current Ratio | 4.25 | 0.66 | 1.02 |
Interest Coverage | 590.86 | 4.86 | −4.98 |
Quick Ratio
603288
MKC
KHC
Profitability
Metric | 603288 | MKC | KHC |
|---|---|---|---|
Return on Assets (Normalized) | 13.91% | 5.63% | 3.54% |
Return on Equity (Normalized) | 16.81% | 13.17% | 7.02% |
Return on Invested Capital (Normalized) | 14.79% | 8.46% | 5.43% |
Return on Assets
603288
MKC
KHC
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