Yantai North Andre Juice Co (2218) AI Stock Analysis

• Market Cap: HK$13.25B
• Dividend Yield: 1.98%
• Average Volume (3M): 266.38K
• Price to Earnings (P/E): 15.2
• Beta (1Y): 0.72
• Revenue Growth: 38.54%
• EPS Growth: 49.91%
• Country: HK
• Employees: 1,175
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Beverages - Non-Alcoholic
• EPS (TTM): 0.27
• Shares Outstanding: 63,652,000
• 10 Day Avg. Volume: 296,150
• 30 Day Avg. Volume: 266,383
• PEG Ratio: 2.07
• Price to Book (P/B): 1.15
• Price to Sales (P/S): 2.15
• P/FCF Ratio: -11.22
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 1.28
• Revenue Forecast (FY): HK$2.17B

• Rating: 74 Outperform
• Price Target: HK$17.50 ▲(10.41% Upside)
• Action: Reiterated Date: 12/30/25
• Date: Action: Reiterated 12/30/25

Score is driven primarily by strong financial performance (rapid TTM growth, solid margins, and a debt-free balance sheet), partially offset by cash flow volatility and margin compression versus 2023. Technical indicators are mixed with a broader downtrend (below 50/100/200DMA and negative MACD), while valuation is supportive with a moderate P/E and ~2% dividend yield.

Positive Factors

Strong revenue growth

An 82.3% TTM revenue surge signals meaningful expansion of core concentrate and ingredient sales and stronger market traction. Durable higher top-line can fund capacity investment, generate scale economies, and improve long-term competitive position if management sustains profitable growth.

Healthy operating margins

Sustained ~24% gross and ~20% net margins indicate efficient processing economics and pricing power in beverage ingredients. Robust margins support cash generation, reinvestment and resilience to input cost swings, helping maintain profitability over multi-quarter horizons.

Debt-free, conservative balance sheet

Zero reported total debt and an equity-funded asset base meaningfully reduce leverage risk and increase financial flexibility. This conservatism enables opportunistic capex, M&A or dividend support during downturns and lowers insolvency risk over the medium term.

Negative Factors

Cash flow volatility and past negative OCF

Despite strong TTM cash generation, prior years had negative OCF/FCF driven by working-capital swings. Such volatility can strain liquidity, force external financing or delay investments, and makes sustaining dividends or capex plans more uncertain across economic cycles.

Margin compression vs 2023

Reported margin compression versus 2023 suggests recent growth incurred higher costs or pricing pressure. If structural, eroding margins will reduce long-term profitability and ROE, indicating the company may face competitive or input-cost challenges that limit durable return expansion.

Sustainability risk of rapid growth

Rapid TTM growth paired with uneven cash conversion and margin erosion raises sustainability concerns. If growth stems from transitory factors—one-off demand, pricing tactics, or channel timing—maintaining earnings quality and cash flow could prove difficult once those tailwinds fade.

Yantai North Andre Juice Co Business Overview & Revenue Model

Company Description

Yantai North Andre Juice Co., Ltd. manufactures and sells various fruit and vegetable juices, fruit pulp, essence, pomace, biological feed, and related products in China. It also manufactures fruit and vegetable beverages, apple juice concentrate, pear juice concentrate, peach puree and juice, haw juice concentrate, sweet potato juice concentrate, strawberry puree and juice concentrate, apple fructose, pear fructose, drinking water, cloudy apple juice, and other products. In addition, the company manufactures iron drums for juice outer packaging; purchases agricultural and sideline products; imports and exports goods and technology; and manufactures and sells of lemon and orange juice, lemon oil and essence, and orange oil and essence. Further, it is involved in the biological comprehensive utilization of apple essence, pomace, vegetables, and other products; import and export of juice and pulp; and provision of goods storage services. The company also exports its products to rest of Asia, Europe, North America, Africa, Oceania, and South America. The company was founded in 1996 and is headquartered in Yantai, the People's Republic of China.

How the Company Makes Money

Yantai North Andre Juice Co. makes money through the production and sale of fruit and vegetable juice concentrates, with apple juice concentrate being a significant contributor to its revenue. The company sources raw fruits, which are processed into concentrates and sold to various clients, including beverage manufacturers, food companies, and wholesalers. Revenue streams include domestic sales within China and exports to international markets, where demand for high-quality juice concentrates remains robust. The company's earnings are also influenced by its ability to maintain cost-effective operations, secure favorable supply chain partnerships, and adhere to quality standards that meet the expectations of its global clientele.

Yantai North Andre Juice Co Financial Statement Overview

Summary

Strong fundamentals: TTM revenue surged (+82.3%) with solid profitability (~24% gross margin, ~20% net margin) and rising net income. Balance sheet is very conservative with zero debt and improving ROE (~12.8% TTM). Key risk is sustainability—margin compression vs. 2023 and uneven cash conversion, with negative operating/free cash flow in 2023–2024 despite profits.

Income Statement

TTM (Trailing-Twelve-Months) results show a sharp acceleration in revenue (+82.3% vs. the prior period) with strong profitability (about 24% gross margin and ~20% net margin). Net income rose meaningfully (TTM ~354M vs. 2024 ~261M) and operating profitability remains solid. The main drawback is margin compression versus 2023 (gross and net margins were materially higher then), suggesting the recent growth came with higher costs or pricing pressure.

Balance Sheet

The balance sheet is exceptionally conservative with zero total debt in TTM (Trailing-Twelve-Months) and 2024, and equity funding the vast majority of assets (TTM equity ~2.99B vs. assets ~3.19B). Returns have improved with the stronger earnings base (return on equity ~12.8% TTM vs. ~9.9% in 2024). The key limitation is that, while leverage risk is minimal, returns are good but not consistently high across the full period.

Cash Flow

Cash generation is strong in TTM (Trailing-Twelve-Months) with operating cash flow ~480M and free cash flow ~376M, and free cash flow running at ~78% of net income—healthy for earnings quality. However, cash flow volatility is a clear risk: both 2023 and 2024 showed negative operating and free cash flow despite positive profits, indicating working-capital swings or timing effects that can meaningfully impact liquidity in weaker periods.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.71B	1.42B	876.10M	1.07B	871.59M	842.02M
Gross Profit	406.83M	351.53M	289.04M	213.14M	179.67M	201.02M
EBITDA	351.81M	299.59M	299.04M	230.63M	148.25M	154.86M
Net Income	346.50M	260.70M	255.52M	194.35M	160.01M	151.78M
Balance Sheet
Total Assets	2.92B	2.78B	2.61B	2.61B	2.46B	2.22B
Cash, Cash Equivalents and Short-Term Investments	905.13M	277.49M	690.65M	997.87M	817.01M	576.11M
Total Debt	0.00	0.00	0.00	130.09M	100.06M	0.00
Total Liabilities	182.04M	133.76M	80.72M	240.40M	238.54M	116.57M
Stockholders Equity	2.73B	2.65B	2.53B	2.37B	2.23B	2.11B
Cash Flow
Free Cash Flow	371.14M	-271.55M	-162.67M	185.29M	119.31M	158.39M
Operating Cash Flow	473.83M	-109.20M	-29.85M	240.73M	194.02M	211.25M
Investing Cash Flow	-267.84M	-52.64M	572.42M	-377.58M	-66.22M	-334.75M
Financing Cash Flow	-201.68M	-144.56M	-226.59M	-33.12M	65.09M	43.54M

Yantai North Andre Juice Co Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 15.85
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2218, the sentiment is Positive. The current price of 15.85 is below the 20-day moving average (MA) of 15.97, above the 50-day MA of 15.24, and below the 200-day MA of 16.21, indicating a neutral trend. The MACD of 0.19 indicates Positive momentum. The RSI at 58.00 is Neutral, neither overbought nor oversold. The STOCH value of 52.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2218.

Yantai North Andre Juice Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2218	74 Outperform	HK$13.25B	15.20	12.70%	1.98%	38.54%	49.91%
2317	72 Outperform	HK$989.78M	3.70	5.08%	10.44%	-1.19%	-9.05%
1837	68 Neutral	HK$2.45B	7.35	13.72%	3.74%	11.89%	27.80%
1475	67 Neutral	HK$7.76B	17.92	5.55%	1.41%	7.29%	-33.19%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
1610	58 Neutral	HK$7.29B	5.21	6.29%	―	100.45%	2.89%

Yantai North Andre Juice Co Corporate Events

Yantai North Andre Juice Cancels 7 Million Repurchased H Shares, Tightening Share Capital Base

Yantai North Andre Juice Co., Ltd. has completed a substantial repurchase and cancellation of its H shares under a general mandate approved at its 2024 annual general meeting. Between June and late December 2025, the company executed 21 repurchase transactions, buying back an aggregate 7,012,000 H shares for a total consideration of HK$121.8 million, equal to about 9.92% of its issued H shares and 2.06% of total share capital at the time the mandate was granted. These repurchased shares were formally cancelled on 30 December 2025, reducing total share capital from 341.2 million to 334.188 million shares and decreasing the proportion of H shares from 20.71% to 19.05%, while A shares rose proportionally to 80.95%. The move tightens the company’s share base and may enhance per‑share metrics, while slightly shifting the ownership structure away from Hong Kong-listed H shares toward its domestic A shares.