Haitian's second-quarter revenue rose 3% year on year to CNY 7.1 billion and operating profit rose 2% to CNY 2.1 billion. Vinegar, cooking wine, and compound seasonings drove most of the increase, while soy sauce, oyster sauce, and recipe sauce were all close to flat.
As an industry leader, Haitian could benefit from market consolidation in the soy sauce sector in China.
Haitian’s sales growth could slow as the soy sauce market matures, while premiumization is yet to materialize.
|
Metric
|
603288
|
KHC
|
2802
|
|---|---|---|---|
Price/Earnings (Normalized) | 27.30 | 9.28 | 37.63 |
Price/Book Value | 4.97 | 0.74 | 6.48 |
Price/Sales | 6.50 | 1.07 | 3.23 |
Price/Cash Flow | 25.24 | 6.87 | 24.70 |
|
Metric
|
603288
|
KHC
|
2802
|
|---|---|---|---|
Quick Ratio | 4.29 | 0.57 | 0.79 |
Current Ratio | 4.65 | 1.06 | 1.57 |
Interest Coverage | 513.44 | −4.59 | 16.19 |
|
Metric
|
603288
|
KHC
|
2802
|
|---|---|---|---|
Return on Assets (Normalized) | 14.37% | 3.58% | — |
Return on Equity (Normalized) | 17.56% | 7.08% | — |
Return on Invested Capital (Normalized) | 15.46% | 5.47% | — |
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1-Day Chart
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Morningstar Rating for Stocks
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