China Feihe Ltd Ordinary Shares

06186: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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China Feihe: Channel Destocking Remains a Near-Term Profit Drag; Maintain Valuation

Jacky Tsang

Jan 6, 2026

China Feihe's revenue in the second half remained pressured by channel inventory adjustments and a declining birth rate. According to the United Nations Department of Economic and Social Affairs, new births in China are expected to fall to around 8.7 million in 2025, versus 9.5 million in 2024.

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China Feihe Ltd Ordinary Shares

China Feihe: Channel Destocking Remains a Near-Term Profit Drag; Maintain Valuation

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