China Feihe Ltd
HKEX:6186

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China Feihe Ltd
HKEX:6186
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Price: 3.88 HKD -0.51% Market Closed
Market Cap: HK$35.2B

Operating Margin

23.1%
Current
Declining
by 3.6%
vs 3-y average of 26.7%

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin
23.1%
=
Operating Income
¥4.6B
/
Revenue
¥19.8B

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin
23.1%
=
Operating Income
HK$4.6B
/
Revenue
¥19.8B

Peer Comparison

Country Company Market Cap Operating
Margin
CN
China Feihe Ltd
HKEX:6186
35.2B HKD
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JP
Goyo Foods Industry Co Ltd
TSE:2230
53.2T JPY
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CH
Nestle SA
SIX:NESN
196.5B CHF
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US
Mondelez International Inc
NASDAQ:MDLZ
76.7B USD
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ZA
Tiger Brands Ltd
JSE:TBS
57.2B ZAR
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FR
Danone SA
PAR:BN
46.2B EUR
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US
Hershey Co
NYSE:HSY
41.7B USD
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ZA
Avi Ltd
JSE:AVI
37B ZAR
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CN
Muyuan Foods Co Ltd
SZSE:002714
254.6B CNY
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CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
26.6B CHF
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CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
210.9B CNY
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Market Distribution

Higher than 89% of companies in China
Percentile
89th
Based on 8 544 companies
89th percentile
23.1%
Low
-409 046.1% — -1.4%
Typical Range
-1.4% — 10.3%
High
10.3% — 876.4%
Distribution Statistics
China
Min -409 046.1%
30th Percentile -1.4%
Median 4.2%
70th Percentile 10.3%
Max 876.4%

China Feihe Ltd
Glance View

Market Cap
35.2B HKD
Industry
Food Products

China Feihe Ltd., a distinguished player in the infant formula industry, traces its roots back to 1962, establishing itself as a pioneer in dairy production in China. Over the decades, the company has morphed from a state-run enterprise into a market leader, capturing the hearts of parents with its deep understanding of nutritional needs and local dietary preferences. Feihe's story is one of strategic evolution—building a robust supply chain, leveraging advanced research, and investing heavily in quality control. Their vertically integrated business model, from dairy farming and production to distribution, ensures a high standard of excellence. With an extensive product portfolio that covers multiple price points and consumer segments, Feihe caters to middle-class desires for health and premium quality, setting itself apart in a market characterized by growing competition and rising consumer expectations. In the bustling and competitive landscape of China's baby formula market, Feihe crafts its narrative by capitalizing on its '100% Made in China' ethos, assuring consumers of quality and safety—a paramount concern given past industry scandals. Operating through a sleek blend of strategic marketing and community trust-building, the company focuses on fostering customer loyalty and brand recognition. By employing state-of-the-art technology and innovation, Feihe develops products that align with the specific health requirements of Chinese infants. This includes formulas enriched with nutrients like DHA and ARA, mimicking the composition of breast milk, and featuring localized ingredients to ensure assimilation and growth. Feihe continues to elevate its brand by expanding its reach to international markets, signifying a forward-looking approach while remaining rooted in its profound local heritage.

Intrinsic Value
5.25 HKD
Undervaluation 26%
Intrinsic Value
Price
What is Operating Margin?
Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.
How is Operating Margin calculated?

Operating Margin is calculated by dividing the Operating Income by the Revenue.

Operating Margin
23.1%
=
Operating Income
¥4.6B
/
Revenue
¥19.8B
What is China Feihe Ltd's current Operating Margin?

The current Operating Margin for China Feihe Ltd is 23.1%, which is below its 3-year median of 26.7%.

How has Operating Margin changed over time?

Over the last 3 years, China Feihe Ltd’s Operating Margin has decreased from 36.4% to 23.1%. During this period, it reached a low of 23.1% on Jun 30, 2025 and a high of 36.4% on Jun 30, 2022.

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