002946.SHE New Hope Dairy Co Ltd
- Market cap
- CNY 14.2B
- P/E
- 17.3x
- P/B
- 3.27x
- ROE
- 25.6%
- Dividend yield
- 2.15%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 2 quarters up to Jun 2026.
Is 002946.SHE undervalued?
Graham number002946.SHE trades 58.8% above its Graham number.
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
New Hope Dairy Co Ltd fundamental analysis
No fundamental analysis for New Hope Dairy Co Ltd yet.
New Hope Dairy Co Ltd stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About New Hope Dairy Co Ltd
New Hope Dairy Co., Ltd. produces and sells dairy products in China. It offers pasteurized milk, ultra-high temperature milk, modified milk, fermented milk, and other dairy products, as well as involved in food trading, dairy cattle breeding, and other businesses. New Hope Dairy Co., Ltd. was founded in 2006 and is based in Chengdu, China. New Hope Dairy Co., Ltd. operates as a subsidiary of UNIVERSAL DAIRY LIMITED.
Full company profileNew Hope Dairy Co Ltd financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 2 quarters up to Jun 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
New Hope Dairy Co Ltd annual financial statements (CNY; K = thousand, M = million, B = billion, T = trillion)
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 4.05B | 4.42B | 4.97B | 5.67B | 6.75B | 8.97B | 10.0B | 11.0B | 10.7B | 11.2B | 11.6B |
| Gross Profit | 1.32B | 1.47B | 1.62B | 1.81B | 1.58B | 2.12B | 2.32B | 2.95B | 3.02B | 3.19B | 3.46B |
| Operating Income | 120M | 225M | 258M | 258M | 297M | 368M | 403M | 508M | 680M | 1.00B | 1.29B |
| EBITDA | 459M | 573M | 620M | 648M | 746M | 890M | 995M | 1.12B | 1.18B | 1.48B | 1.25B |
| Net Income | 150M | 222M | 243M | 244M | 271M | 312M | 361M | 431M | 538M | 731M | 930M |
| EPS | 0.18 | 0.29 | 0.32 | 0.29 | 0.32 | 0.36 | 0.42 | 0.50 | 0.62 | 0.85 | 1.08 |
| Balance Sheet | |||||||||||
| Total Assets | 4.46B | 4.38B | 4.24B | 5.36B | 8.62B | 9.50B | 9.49B | 8.94B | 8.88B | 9.14B | 8.49B |
| Total Liabilities | 3.39B | 3.07B | 2.70B | 3.31B | 5.75B | 6.63B | 6.82B | 6.30B | 5.74B | 5.07B | 4.78B |
| Shareholders' Equity | 939M | 1.23B | 1.46B | 1.97B | 2.65B | 2.64B | 2.52B | 2.56B | 3.06B | 3.90B | 3.63B |
| Cash & Short-term Investments | 654M | 397M | 305M | 452M | 679M | 515M | 494M | 492M | 544M | 568M | 343M |
| Total Debt | 1.85B | 1.46B | 1.31B | 1.78B | 3.23B | 3.90B | 3.17B | 3.05B | 2.24B | 2.44B | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | 457M | 488M | 437M | 635M | 719M | 1.04B | 1.03B | 1.56B | 1.49B | 1.55B | - |
| Capital Expenditure | 548M | 598M | 411M | 602M | 634M | 695M | 732M | 776M | 666M | 605M | 571M |
| Free Cash Flow | -91.4M | -139M | 25.8M | 33.3M | 85.0M | 340M | 301M | 782M | 825M | 948M | 931M |
| Ratios | |||||||||||
| ROE | 16.0% | 18.1% | 16.6% | 12.4% | 10.2% | 11.8% | 14.3% | 16.8% | 17.6% | 18.8% | 25.6% |
| ROA | 3.4% | 5.1% | 5.7% | 4.5% | 3.1% | 3.3% | 3.8% | 4.8% | 6.1% | 8.0% | 11.0% |
| Net Profit Margin | 3.7% | 5.0% | 4.9% | 4.3% | 4.0% | 3.5% | 3.6% | 3.9% | 5.0% | 6.5% | 8.0% |
| Debt to Equity | 1.97x | 1.19x | 0.90x | 0.90x | 1.22x | 1.48x | 1.26x | 1.19x | 0.73x | 0.63x | - |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Total Debt
- Short and long-term borrowings.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
- Debt to Equity
- Total debt divided by shareholders' equity.
New Hope Dairy Co Ltd dividends
- Dividend yield
- 2.15%
- Forward dividend
- 0.45 CNY
- Payout ratio
- 41.8%
- Ex-dividend date
- Jun 9, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | CNY 306M | 0.35 | 41.8% |
| 2024 | CNY 224M | 0.26 | 41.7% |
| 2023 | CNY 209M | 0.24 | 48.4% |
| 2022 | CNY 64.8M | 0.08 | 17.9% |
| 2021 | CNY 163M | 0.19 | 52.3% |
| 2020 | CNY 171M | 0.20 | 63.0% |
| 2019 | CNY 51.2M | 0.06 | 21.0% |
| 2018 | CNY 79.0M | 0.10 | 32.5% |
| 2017 | CNY 88.3M | 0.12 | 39.7% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Who owns New Hope Dairy Co Ltd
- Insiders 78.42%
- Institutions 7.00%
- Public & others 14.57%
- Shares outstanding 861M
- Free float 186M
New Hope Dairy Co Ltd company profile
- Company name
- New Hope Dairy Co Ltd
- Ticker
- 002946.SHE
- ISIN
- CNE100003JJ1
- Exchange
- Shenzhen Stock Exchange
- Sector
- Consumer Defensive
- Industry
- Food Products
- Employees
- 8,274
- Fiscal year end
- December
- Address
- Building 2, Chengdu, China, 610023
- Phone
- 86 40 0885 0555
- Website
- newhopedairy.cn
About New Hope Dairy Co Ltd
New Hope Dairy Co., Ltd. produces and sells dairy products in China. It offers pasteurized milk, ultra-high temperature milk, modified milk, fermented milk, and other dairy products, as well as involved in food trading, dairy cattle breeding, and other businesses. New Hope Dairy Co., Ltd. was founded in 2006 and is based in Chengdu, China. New Hope Dairy Co., Ltd. operates as a subsidiary of UNIVERSAL DAIRY LIMITED.
New Hope Dairy Co Ltd management
4- Mr. Chuan ZhuPresident & Director · born 1971
- Ms. Yanan ChuCFO & Director · born 1990
- Mr. Shuai ZhangVice President · born 1981
- Mr. Shifeng ZhengSecretary to the Board & Assistant to the President · born 1986