Yantai China Pet Foods Hits Day High with Strong 4.67% Gain

Yantai China Pet Foods Co., Ltd. has shown significant momentum today, gaining 4.67% and reaching an intraday high of CNY 56.80. This performance stands in contrast to the China Shanghai Composite, which declined by 0.94% on the same day. Over the past week, Yantai China Pet Foods has increased by 6.52%, further highlighting its strong position in the market.
The company has consistently delivered positive results, with net sales for the first half of the year reported at CNY 2,368.55 million, reflecting a robust growth rate of 24.22%. Additionally, net profit for the same period surged by 80.91%, amounting to CNY 202.48 million. With a return on equity (ROE) of 17.78% and a price-to-book ratio of 7.26, Yantai China Pet Foods demonstrates an attractive valuation.

In the last year, the stock has generated an impressive return of 196.45%, significantly outperforming the broader market, which saw returns of 24.46%. The company’s market capitalization stands at CNY 15,302 million, solidifying its status as a large-cap player in the FMCG industry.