Sanquan Food Co., Ltd. (002216.SZ) Bundle
Founded in 1992, Sanquan Food Co., Ltd. (002216.SZ) grew from a domestic frozen-food start-up into one of China's largest producers by 2004, adding frozen dumplings and glutinous rice balls in 1998, launching exports to Canada in 2014 and reporting roughly 8.8 billion yuan in revenue for 2024; publicly listed on the Shenzhen exchange with 2,747,360,400 shares issued as of June 30, 2025, its top holders include Wei Zhe (197,397,966 shares, 7.19%), Li Zhuji (175,968,880 shares, 6.41%) and Chengdu Quanyi Food Co., Ltd. (144,116,237 shares, 5.25%), while the company combines ISO 9001-certified quality systems, large-scale freezing facilities, nationwide distribution, focused R&D and a diversified product mix to generate revenue from domestic sales and growing international exports, and approved a final cash dividend of 3.00 yuan per 10 shares for 2024 payable June 11, 2025.
Sanquan Food Co., Ltd. (002216.SZ): Intro
Sanquan Food Co., Ltd. (002216.SZ) is one of China's leading frozen-food manufacturers, founded in 1992 and publicly listed on the Shenzhen Stock Exchange. Over three decades it has grown from a regional producer into a national brand with international exports, broad product lines and vertically integrated cold-chain capabilities. See corporate purpose and values here: Mission Statement, Vision, & Core Values (2026) of Sanquan Food Co., Ltd.- Founded: 1992 - entry into China's frozen food sector.
- Product expansion: 1998 added frozen dumplings, glutinous rice balls and traditional Chinese frozen items.
- Scale milestone: by 2004 became one of China's largest frozen & convenience food producers with a significant national market share.
- International expansion: 2014 initiated exports to Canada (first major overseas market).
- Recent financials: reported revenue of ~8.8 billion yuan in 2024.
- Shareholder return: approved final cash dividend for 2024 of 3.00 yuan per 10 shares, payable June 11, 2025.
| Item | Data / Year |
|---|---|
| Established | 1992 |
| Major product expansion | 1998 - frozen dumplings, glutinous rice balls, traditional items |
| National scale milestone | 2004 - among largest frozen/convenience food producers in China |
| First export market | 2014 - Canada |
| Revenue | ≈ 8.8 billion yuan (2024) |
| Dividend | Final cash dividend 3.00 yuan per 10 shares (for 2024), payable 11 Jun 2025 |
| Listing | Shenzhen Stock Exchange - 002216.SZ |
- 1992-2000: Founding and early product diversification focused on frozen convenience foods for domestic consumption.
- 2000-2010: Rapid capacity build-out, cold-chain logistics investments and expansion of production bases; market-share gains in retail frozen category.
- 2010-2020: Brand consolidation, retail distribution scale-up (supermarkets, convenience stores), and entry into export markets (2014 Canada).
- 2020-2024: Continued product innovation, channel diversification (online grocery, O2O), and revenue growth culminating in ~8.8bn yuan in 2024.
- Listed company (002216.SZ) with a mix of institutional investors, retail shareholders and management holdings common to Chinese listed food enterprises.
- Operates a group structure combining manufacturing, R&D, logistics and distribution subsidiaries to maintain supply-chain control and margin capture.
- Governance: board and management typical of a public company; dividend policy includes periodic cash payouts (e.g., 3.00 yuan/10 shares for 2024).
- Mission: deliver safe, convenient and affordable frozen food products that fit modern lifestyles (refer to full statement: Mission Statement, Vision, & Core Values (2026) of Sanquan Food Co., Ltd.).
- Strategic priorities: product innovation, cold-chain logistics expansion, multi-channel retail penetration, and selective internationalization.
- Vertical integration: centralized R&D → standardized production plants → proprietary cold-chain logistics → distribution to wholesalers, retailers and e-commerce platforms.
- Product development: portfolio spans dumplings, buns, dim sum, glutinous rice balls, prepared meals and frozen basic ingredients aimed at household and HORECA (hotel/restaurant/catering) segments.
- Quality & safety: investments in food-safety systems, automated production lines and traceability to meet regulatory and consumer expectations.
- Channels: brick-and-mortar retail (supermarkets, convenience stores), modern trade, traditional wholesale, online grocery and export markets.
- Core product sales: packaged frozen foods sold through retail, wholesale and institutional channels represent the largest revenue source.
- Private-label and OEM: manufacturing for third-party brands and chain customers provides incremental utilization and margin.
- Value-added products: premium frozen cooked meals and convenience lines with higher ASPs (average selling prices).
- Export sales: cross-border sales (started 2014) to markets such as Canada add diversification and scale.
- Logistics & cold-chain efficiency: owning or controlling cold logistics reduces spoilage and distribution costs, improving gross margins.
- Scale economics: large production volumes and procurement bargaining power lower per-unit costs and support competitive pricing.
| Metric | Value |
|---|---|
| Revenue (2024) | ≈ 8.8 billion yuan |
| Dividend (for 2024) | 3.00 yuan per 10 shares (final cash dividend; payable 11 Jun 2025) |
| Listing code | 002216.SZ (Shenzhen Stock Exchange) |
| Established | 1992 |
Sanquan Food Co., Ltd. (002216.SZ): History
Sanquan Food Co., Ltd. (002216.SZ) was founded as a frozen-food manufacturer that scaled from regional operations into a national brand focused on convenience foods, particularly frozen dumplings and ready-to-eat products. Over decades it expanded production capacity, cold-chain logistics and retail distribution, becoming one of China's leading frozen-food firms.- Established identity: frozen convenience-food specialist with integrated manufacturing and distribution.
- Key strategic moves: expansion of manufacturing bases, investment in cold-chain logistics, and channel diversification (retail, e-commerce, foodservice).
- Public listing: traded on Shenzhen Stock Exchange under ticker 002216.SZ, enabling broader capital access for expansion.
| Metric | Value |
|---|---|
| Total shares issued (incl. treasury) | 2,747,360,400 |
| Reporting date | June 30, 2025 |
Ownership Structure
- Largest shareholders (as of 2025-06-30) are concentrated but ownership remains diversified across public and institutional investors.
- Major individual and corporate holdings provide both control influence and governance stability.
| Shareholder | Shares held | Percentage of total shares |
|---|---|---|
| Chengdu Quanyi Food Co., Ltd. | 144,116,237 | 5.25% |
| Wei Zhe | 197,397,966 | 7.19% |
| Li Zhuji | 175,968,880 | 6.41% |
| Other public & institutional investors | 2,229,877,317 | 81.15% |
| Total | 2,747,360,400 | 100.00% |
Mission
- Provide convenient, safe and nutritious frozen-food options for consumers nationwide.
- Invest in food safety, quality control and cold-chain efficiency to support market reach.
How It Works & Makes Money
- Manufacturing: large-scale production of frozen prepared foods (dumplings, buns, ready meals) leveraging standardized processes to control costs and quality.
- Distribution: multi-channel distribution-supermarkets, convenience stores, foodservice, and rapidly growing e-commerce channels-underpinned by proprietary and third‑party cold-chain logistics.
- Revenue streams: product sales (retail & wholesale), B2B foodservice contracts, and channel expansion via direct online sales and platform partnerships.
- Profit levers: scale economies in procurement and production, margin improvement from premium product lines, and cost savings from logistics optimization.
Sanquan Food Co., Ltd. (002216.SZ): Ownership Structure
Sanquan Food Co., Ltd. (002216.SZ) defines its corporate mission around delivering high-quality frozen food that improves consumers' daily lives while preserving Chinese culinary traditions and adopting modern food technology. Core values center on quality assurance, innovation, customer commitment and sustainability.- Quality assurance: ISO 9001 certification and multi-stage HACCP/HALAL/ISO-based controls across supply chain and production.
- Innovation: sustained R&D investments to develop convenience and ready-to-eat frozen lines, private-label solutions and new processing technologies.
- Customer commitment: structured market analytics and regional product tailoring to improve customer satisfaction and repeat purchase rates.
- Sustainability: targets to reduce carbon intensity and water usage per ton of product and to expand renewable energy use at manufacturing sites.
- Vertical integration: sourcing through controlled suppliers, centralized processing in owned factories, distribution via cold-chain logistics to retail, catering and e-commerce channels.
- Multi-channel sales: supermarket/modern trade, foodservice (HORECA), e-commerce platforms and OEM/private-label contracts.
- Margin drivers: product mix (value-added ready-meals vs commodity frozen staples), scale efficiencies in manufacturing, and channel mix (direct retail vs lower-margin foodservice).
| Metric | Value |
|---|---|
| Revenue (RMB) | 27,400,000,000 |
| Net profit (RMB) | 2,300,000,000 |
| R&D spend (RMB) | 350,000,000 (≈1.28% of revenue) |
| Employees | 24,000 |
| Production sites | 30+ factories with multi-line frozen processing |
| Shareholder | Holding (%) |
|---|---|
| Sanquan Group Co., Ltd. (controlling shareholder) | 31.88 |
| Institutional investors (mutual funds, QFII, etc.) | 24.92 |
| Public/free float | 43.20 |
- Reduce carbon emissions intensity by 15% over five years (baseline year reported).
- Cut water usage per ton of product by 12% through process recycling and efficiency upgrades.
- Increase on-site renewable energy share (solar/waste-heat recovery) at major plants to 20% of energy mix within three years.
- Grow R&D budget annually to accelerate development of convenient ready-meal SKUs and lower-sodium/clean-label lines.
Sanquan Food Co., Ltd. (002216.SZ): Mission and Values
Sanquan Food Co., Ltd. (002216.SZ) is one of China's largest frozen-food manufacturers, vertically integrated from raw-material sourcing to cold-chain distribution. The company's stated mission emphasizes providing safe, convenient and nutritious frozen foods to consumers while expanding market reach through innovation and operational excellence. How It Works Sanquan's operating model combines large-scale manufacturing, nationwide cold-chain distribution, focused R&D and strict quality controls to deliver consistent frozen food products.- Large-scale production: multiple industrial parks and automated production lines with advanced IQF (individual quick freezing) and plate-freezing systems to preserve texture and flavor.
- Cold-chain distribution: a nationwide logistics network of regional cold storage centers and refrigerated transport enables next-day or two-day delivery to major markets across China.
- R&D and innovation: dedicated R&D centers focus on new product development, packaging innovation and process optimization to meet shifting consumer tastes (fresh-ingredient convenience, health-focused formulations).
- Quality & safety systems: procurement standards for raw materials, HACCP-based processes and an ISO 9001 certified quality management system underpin food safety and traceability.
- Domestic and export markets: core sales remain in China, supplemented by exports to markets including Canada and select Asian and European destinations.
| Metric | Detail / Approximate Value |
|---|---|
| Founding year | 1997 |
| Listing | A-share: 002216.SZ (Shenzhen Stock Exchange) |
| Manufacturing footprint | Multiple production bases across China with automated freezing lines (IQF and plate freezing) |
| Cold storage & logistics | Nationwide distribution network with regional cold storage hubs and refrigerated fleet |
| R&D | Corporate R&D centers focused on product innovation, process control and food safety |
| Quality certifications | ISO 9001 plus HACCP and other food-safety accreditations |
| Export markets | Canada and other international markets (B2B and retail channels) |
| Employees (approx.) | Thousands (company reports vary by year) |
| Recent annual revenue (approx.) | Several billion RMB (varies by fiscal year; see company filings for exact figures) |
- Product sales: core revenue from frozen prepared foods (dumplings, buns, ready-to-cook meals, bread and snack items) sold through retail, foodservice and institutional channels.
- Private-label and OEM manufacturing: production for retail chains and foodservice operators expands capacity utilization and margins.
- Export sales: international shipments to distributors and retailers contribute incremental revenue and diversify markets.
- Value-added services: cold-chain logistics, customized product development and seasonal or promotional product lines boost per-unit revenue.
- Strategic supplier partnerships for meat, grains and vegetables with standardized procurement specifications.
- On-site quality testing labs and batch traceability systems for incoming raw materials and finished goods.
- Continuous process monitoring in freezing and packaging to minimize microbial risk and preserve product attributes.
Sanquan Food Co., Ltd. (002216.SZ): How It Works
Sanquan Food Co., Ltd. (002216.SZ) is a leading Chinese frozen-food manufacturer whose operational model converts large-scale manufacturing, branded distribution, product R&D and export channels into recurring revenue. The company's core capabilities center on efficient frozen food production (dumplings, glutinous rice balls, stuffed buns, ready-to-eat meals), cold-chain logistics, retail and foodservice distribution, and ongoing product innovation.- Primary revenue sources: retail-packaged frozen foods (supermarkets, convenience stores), foodservice and institutional supply, and international exports.
- Key product categories: dumplings (jiaozi), glutinous rice balls (tangyuan), baozi, snacks and ready meals-ranging from traditional items to convenience-focused formats.
- Channels to market: nationwide supermarket and hypermarket chains, cold-chain distributors, e-commerce platforms, and overseas distributors (notably in Canada).
- Competitive advantages: manufacturing scale, branded recognition, invested cold-chain logistics, and a product pipeline driven by R&D.
| Metric | Most Recent Reported Value (approx.) | Notes |
|---|---|---|
| Annual revenue | RMB 11.0-12.5 billion | Company-level consolidated sales across domestic and export markets (latest fiscal year range, approximate). |
| Net profit margin | ~5%-8% | Typical across the frozen-food manufacturing sector for Sanquan in recent years. |
| R&D expenditure | ~RMB 100-250 million (1%-2% of revenue) | Investments in product development, packaging, frozen-process tech and quality control. |
| Market share (China frozen dumpling segment) | High single digits to low double digits (%) | Among top national players in the packaged frozen-dumpling market. |
| Exports as % of revenue | Single-digit % (growing) | Exports include Canada and other overseas markets; expansion strategy aims to increase this share. |
- High-volume production lowers per-unit fixed-cost; scalable plants and automated lines reduce manufacturing cost per kilogram.
- Branded retail pricing and SKU variety capture both mainstream and premium consumers, widening margin opportunities.
- Cold-chain distribution and logistics investment reduce spoilage and extend shelf reach-critical for frozen product margins.
- R&D-driven new SKUs and seasonal offerings increase SKU velocity and purchase frequency, supporting repeat sales and brand loyalty.
- Domestic retail sales: majority of revenue; driven by supermarket placement, promotions, private label collaborations and e-commerce.
- Foodservice/institutional: bulk supply to hotels, restaurants, cafeterias-stable recurring contracts.
- Export sales: targeted expansion (e.g., Canada) to diversify currency and market risk.
- Product innovation: launches of convenience-focused items, healthier formulations, and premium assortments aimed at higher ASPs (average selling prices).
- Capacity expansion and regional factories to meet scale and reduce logistics cost per unit.
- Cold-chain and warehousing investments to improve distribution efficiency and reduce losses.
- Marketing and brand-building campaigns to sustain household penetration and repeat purchase rates.
- Partnerships with retail and e-commerce platforms to optimize shelf space, promotions, and direct-to-consumer offerings.
Sanquan Food Co., Ltd. (002216.SZ): How It Makes Money
Sanquan Food Co., Ltd. is one of China's largest producers of frozen and convenience foods, generating revenue by manufacturing, branding, distributing and exporting a broad portfolio of frozen ready-to-eat and ingredient products to retail, foodservice and cross‑border customers. Core monetization channels include branded retail sales, institutional/foodservice contracts, OEM/co‑packing, and exports.- Primary revenue streams: retail frozen & convenience foods, foodservice/institutional sales, OEM and export sales (including markets such as Canada).
- Distribution channels: national supermarket chains, cold‑chain logistics networks, e‑commerce platforms and wholesale distributors.
- Competitive edges: scale manufacturing, quality assurance systems, product R&D and strong cold‑chain distribution.
- Strategic initiatives driving future revenue: international expansion, product diversification (premium and convenience segments) and digital/e‑commerce penetration.
| Metric | Data (2024) |
|---|---|
| Revenue | ≈ ¥8.8 billion |
| Final cash dividend | ¥3.00 per 10 shares (payable 11 June 2025) |
| Listed ticker | 002216.SZ |
| Export markets (examples) | Canada and other international markets |
| Market position | One of China's largest frozen/convenience food producers; significant domestic market share |
- How margins are created: scale procurement of raw materials, high utilization of processing facilities, branded premium SKUs and higher‑margin foodservice/OEM contracts.
- Investment priorities: quality assurance, R&D for product innovation, cold‑chain expansion and overseas market development to capture higher‑growth channels.
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