New Hope Liuhe (000876) Stock Price, Fundamentals & Analysis

What 000876 does

New Hope Liuhe (000876) is a Shenzhen Stock Exchange stocks listing in the Consumer Defensive sector, specifically the Packaged Foods industry. The company, together with its subsidiaries, produces and processes compound feed, concentrated feed, and concentrate supplements in China, Vietnam, the Philippines, Bangladesh, Indonesia, Cambodia, Sri Lanka, Singapore, Egypt, and internationally. It offers pig, poultry, and fish feed products and also engages in the breeding and slaughtering of pigs, as well as the processing of meat products. The company was formerly known as Sichuan New Hope Agribusiness Co., Ltd. and was incorporated in 1998, with headquarters in Chengdu, China. It employs 43,753 people and operates alongside peers such as Muyuan Foodstuff (002714), Guangdong Haid Group (002311), and Henan Shuanghui Investment & Development (000895).

Key numbers explained

• The current price is 6.92 CNY, down 1.57% today, with a 52-week range of 5.82 – 10.08 and a one-year price change of -29.7%.
• The forward P/E ratio of 34.6 divides the current price by expected future earnings; a higher figure often reflects expectations of growth, even when recent earnings are negative.
• Trailing 12-month earnings per share is -0.95 CNY, indicating the company reported a loss over the past year.
• The dividend yield of 0.36% shows the annual dividend as a percentage of the share price; the ex-dividend date is 25 Jul 2025, and 11% of earnings are paid out as dividends.
• Beta of 0.32 suggests the stock tends to move less than the overall market, a typical trait of defensive sectors.
• The debt-to-equity ratio of 172.1% means the company carries more debt than shareholders' equity, which is common in capital-intensive feed and meat operations.
• Price-to-book of 1.58 compares the market price to the book value per share; a figure above 1 means the market values the company above its accounting net assets.
• Return on equity of -12.3% indicates a negative return for shareholders over the trailing twelve months.

What to watch

• Feed and meat prices are sensitive to global commodity cycles, feed ingredient costs, and livestock disease outbreaks, which can affect both revenue and margins.
• Operating across multiple countries introduces currency and regulatory risk; changes in trade policy or local agricultural rules can impact results.
• The company's leverage, shown by the 172.1% debt-to-equity ratio, means interest rate movements and access to credit can influence financial flexibility.
• As a Consumer Defensive stock, demand may be relatively stable, but margins remain thin when input costs rise or when the company is in a loss-making period, as reflected in the -3.8% profit margin.
• Investors tracking the sector may compare New Hope Liuhe with peers like Muyuan Foodstuff (002714) and Guangdong Haid Group (002311) for context on industry performance.