COFCO Joycome Foods Limited (1610) AI Stock Analysis

• Market Cap: HK$6.74B
• Dividend Yield: N/A
• Average Volume (3M): 61.64M
• Price to Earnings (P/E): 11.7
• Beta (1Y): 0.80
• Revenue Growth: 38.41%
• EPS Growth: N/A
• Country: HK
• Employees: 13,006
• Sector: Consumer Defensive
• Sector Strength: 85
• Industry: Packaged Foods
• EPS (TTM): 0.13
• Shares Outstanding: 4,581,998,500
• 10 Day Avg. Volume: 15,589,011
• 30 Day Avg. Volume: 61,640,716
• PEG Ratio: 0.43
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$1.89
• Price Target Upside: 26.85% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

COFCO Joycome Foods Limited's score reflects its moderate financial performance, with improvements in profitability but challenges in cash flow. Technical indicators show neutral trends, and the valuation appears fair. The absence of dividend yield limits its appeal for some investors.

Positive Factors

Growth Strategy

Premium product mix and channel expansion to further drive growth, with branded pork volume expected to maintain high single-digit growth.

Product Cost Reduction

Product cost reduced to RMB13.5/kg with potential to reach less than RMB13/kg by year end through efficiency gains.

Negative Factors

Earnings Outlook

FY25F earnings are cut by 7% due to lower hog price assumptions, impacting the financial outlook despite maintaining a BUY recommendation.

Market Risks

Key risks include fluctuations in hog and feed prices and execution risks in futures contract trading, which could affect COFCO Joycome's operations.

COFCO Joycome Foods Limited Business Overview & Revenue Model

Company Description

COFCO Joycome Foods Limited, an investment holding company, primarily engages in the hog production and sales, and livestock slaughtering businesses in Mainland China. The company operates through four segments: Hog Production, Fresh Pork, Processed Meat Products, and Meat Import. It is also involved in the production of feed; slaughtering, wholesale, and retail sale of fresh and frozen meats; manufacture, wholesale, and retail sale of processed meat products and fresh pork under the Maverick and Joycome brands; and sale of imported meat products, including pork, beef, poultry, and mutton, as well as by-products. The company was formerly known as COFCO Meat Holdings Limited and changed its name to COFCO Joycome Foods Limited in October 2020. COFCO Joycome Foods Limited was founded in 2002 and is headquartered in Beijing, the People's Republic of China.

How the Company Makes Money

COFCO Joycome Foods Limited generates revenue mainly through the sale of its pork products. The company's key revenue streams include the sale of fresh and frozen pork, as well as processed meat products. COFCO Joycome Foods leverages its integrated supply chain, from pig farming to distribution, ensuring quality control and cost efficiency. The company also benefits from strategic partnerships with retailers and distributors to expand its market reach. Additionally, Joycome Foods capitalizes on COFCO Corporation's extensive distribution network and brand recognition, which contribute significantly to its earnings.

COFCO Joycome Foods Limited Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown
Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
11.57B	12.90B	13.23B	18.92B	11.08B
	Gross Profit
1.22B	2.25B	2.99B	7.05B	1.79B
	EBIT
0.00	1.59B	2.22B	6.12B	1.18B
	EBITDA
591.80M	2.11B	2.64B	6.46B	1.47B
	Net Income Common Stockholders
-135.68M	356.67M	-459.70M	4.00B	1.57B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.18B	1.06B	1.06B	430.97M	773.34M
	Total Assets
16.23B	18.39B	18.03B	20.56B	16.12B
	Total Debt
5.01B	7.48B	6.60B	8.73B	8.00B
	Net Debt
3.84B	6.44B	5.56B	8.32B	7.37B
	Total Liabilities
6.98B	10.13B	9.42B	10.98B	9.96B
	Stockholders Equity
9.13B	8.11B	8.46B	9.41B	6.06B
Cash Flow		Free Cash Flow
1.04B	-985.28M	1.58B	1.22B	-2.02B
	Operating Cash Flow
2.03B	-6.13M	3.08B	2.96B	-1.05B
	Investing Cash Flow
-742.06M	-923.92M	-1.47B	-1.72B	4.19M
	Financing Cash Flow
-1.18B	944.43M	-983.56M	-1.46B	1.44B

COFCO Joycome Foods Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.49
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1610, the sentiment is Positive. The current price of 1.49 is above the 20-day moving average (MA) of 1.48, above the 50-day MA of 1.48, and above the 200-day MA of 1.47, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 50.37 is Neutral, neither overbought nor oversold. The STOCH value of 71.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1610.

COFCO Joycome Foods Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2877	70 Neutral	HK$5.56B	6.10	11.61%	7.89%	-18.09%	-15.08%
Sector *	64 Neutral	$8.85B	14.84	5.05%	174.27%	3.54%	3.75%
1610	62 Neutral	HK$6.74B	11.70	5.82%	―	38.41%	―
2298	60 Neutral	HK$526.42M	3.76	6.38%	4.58%	7.08%	190.74%

COFCO Joycome Foods Limited Corporate Events

COFCO Joycome Foods Limited Updates Nomination Committee

COFCO Joycome Foods Limited has announced changes to its Nomination Committee, effective from April 30, 2025. Dr. Zhang Nan and Mr. Li Michael Hankin have been appointed as members, aligning with upcoming amendments to the Listing Rules and Corporate Governance Code. These changes aim to enhance the board’s effectiveness and diversity, reinforcing the company’s commitment to sound corporate governance practices.

COFCO Joycome Foods Announces Board Composition and Leadership Roles

COFCO Joycome Foods Limited has announced the composition of its board of directors and the roles within its four board committees. The board is chaired by Dr. Gao Xiang, with a mix of executive, non-executive, and independent non-executive directors. The announcement outlines the leadership structure, potentially impacting the company’s governance and strategic direction.

COFCO Joycome Foods Announces 2025 Annual General Meeting Agenda

COFCO Joycome Foods Limited has announced its upcoming annual general meeting, scheduled for June 26, 2025, in Beijing. The meeting will address several key resolutions, including the adoption of the company’s financial statements for 2024, re-election of directors, and the re-appointment of auditors. Additionally, the board seeks mandates to repurchase shares and issue additional shares, potentially impacting the company’s capital structure and shareholder value.

COFCO Joycome Foods Reports March 2025 Operating Data

COFCO Joycome Foods Limited reported its key unaudited operating data for March 2025, highlighting a hog production volume of 480,000 heads and fresh pork sales volume of 28,200 tons. The company achieved a net profit before biological assets fair value adjustments of approximately RMB 85 million for the first quarter of 2025, indicating a stable performance in its operations. Stakeholders are advised to exercise caution as the figures are unaudited and subject to adjustments.

COFCO Joycome Foods Updates Nomination Committee Terms

COFCO Joycome Foods Limited has revised its Nomination Committee Terms of Reference, which outlines the committee’s constitution, membership, authority, and duties. The committee is tasked with reviewing the board’s structure and diversity, identifying qualified board members, assessing director independence, and making recommendations on board appointments and succession planning. This revision aims to enhance the company’s corporate governance and ensure alignment with its corporate strategy.

COFCO Joycome Foods Schedules Board Meeting for Annual Results and Dividend Consideration

COFCO Joycome Foods Limited has announced that a board meeting will be held on March 25, 2025, to consider and approve the annual results for the year ended December 31, 2024, and to discuss the potential recommendation of a final dividend. This announcement signifies the company’s ongoing commitment to transparency and shareholder engagement, as the board evaluates its financial performance and considers dividend distribution, which could impact investor sentiment and market positioning.

COFCO Joycome Foods Reports Increased Hog Production and Pork Sales for February 2025

COFCO Joycome Foods Limited has announced its unaudited key operating data for February 2025, highlighting an increase in hog production volume and fresh pork sales. The company’s branded fresh pork revenue as a percentage of total fresh pork revenue also saw a rise, indicating a stronger market presence and potential positive implications for stakeholders.

COFCO Joycome Foods Releases January 2025 Operating Data

COFCO Joycome Foods Limited reported its unaudited key operating data for January 2025, highlighting a hog production volume of 450,000 heads and fresh pork sales reaching 125,500 tons. The company noted that branded fresh pork revenue constituted 29.72% of the total fresh pork revenue, although these figures have not been confirmed by auditors and may be subject to adjustments. The announcement advises shareholders and potential investors to exercise caution when dealing with company shares.