Breaking Down YanKer shop Food Co.,Ltd Financial Health: Key Insights for Investors

A quick look under the hood of YanKer Shop Food Co., Ltd. (002847.SZ) reveals eye-catching momentum: full-year revenue reached 5.30 billion yuan in 2024, up 28.89% year-over-year, while Q1 2025 sales hit 1.54 billion yuan, a 25.7% annual rise; breakout products like konjac posted a blistering 93% CAGR from 2021-2024 and overseas monthly sales have climbed to 10 million yuan, supporting a gross margin near 28.5% and an EBITDA of 816.57 million yuan in the latest quarter-metrics that, alongside a robust ROE of 36.23%, EPS of 2.79 yuan, a P/E of 24.99 and a market cap of 19.02 billion yuan, frame both the company's financial strength (operating cash flow of 1.13 billion yuan, free cash flow of 79.7 million for Q1 2025) and the leverage picture (total debt 638 million yuan vs. cash 235.2 million, debt-to-equity 44.36%) that investors must weigh against margin shifts, raw-material and channel risks, and clear growth levers such as a Thailand production base, new konjac offerings and expansion into discount and content-ecommerce channels-read on for the full breakdown of these figures and what they mean for potential upside and downside.

YanKer shop Food Co.,Ltd (002847.SZ) - Revenue Analysis

• 2024 total revenue: 5.30 billion yuan (+28.89% YoY)
• Q1 2025 revenue: 1.54 billion yuan (+25.7% YoY)
• Konjac product CAGR (2021-2024): 93%
• Overseas monthly sales: ~10 million yuan
• Revenue per employee (2024): 1.17 million yuan
• Gross profit margin (2024): 28.5% (slight decline from prior year)

• Channel and product-mix impact: The slight dip in gross margin to 28.5% in 2024 is attributed to shifts in channel mix (higher wholesale/discount channels) and an evolving product portfolio with aggressive konjac expansion.
• International push: Monthly overseas sales near 10 million yuan indicate growing export traction and diversification of revenue sources.
• Efficiency: Revenue per employee at 1.17 million yuan signals relatively high workforce productivity, supporting scalable growth.

YanKer shop Food Co.,Ltd (002847.SZ) - Profitability Metrics

• Net profit margin (2024): 12.1%
• Return on equity (ROE): 36.23%
• Earnings per share (TTM): ¥2.79
• Price-to-earnings (P/E): 24.99
• Dividend yield: 2.01%
• Annual dividend per share: ¥1.40
• EBITDA (latest quarter): ¥816.57 million
• Gross profit margin (Q1 2025): 28.5% (slight YoY decline)

• Drivers of profitability: high-margin product segments, disciplined cost control, and efficient working-capital management supporting strong EBITDA conversion.
• Near-term considerations: channel mix shifts and product mix evolution that caused the slight gross margin decline in Q1 2025; monitor SKU-level margins and channel-driven pricing dynamics.
• Investor-relevant ratios: attractive ROE and a P/E under 25 given EPS of ¥2.79 - suggests a balance of growth and valuation discipline.

YanKer shop Food Co.,Ltd (002847.SZ) - Debt vs. Equity Structure

• Debt-to-equity ratio: 44.36% - indicates moderate financial leverage.
• Total debt: ¥638.0 million; Cash & equivalents: ¥235.2 million - net debt position manageable.
• Gearing ratio: 46.67% - balanced use of debt relative to total capital.
• Interest coverage: not explicitly disclosed; reported strong EBITDA implies comfortable ability to service interest.
• Total liabilities: ¥1.32 billion vs. total assets: ¥3.71 billion - debt-to-assets ≈ 35.6%.
• Equity ratio: ≈ 64.4% - conservative capital structure with equity predominating.

• Liquidity context: cash covers ~36.9% of total debt (¥235.2M / ¥638.0M), reducing refinancing pressure.
• Leverage context: with liabilities at 35.6% of assets and equity at ~64.4%, the firm retains headroom for borrowing if needed.
• Coverage considerations: absence of explicit interest coverage ratio means investors should review recent EBITDA and interest expense details in financial statements to quantify coverage precisely.

YanKer shop Food Co.,Ltd (002847.SZ) - Liquidity and Solvency

YanKer shop Food Co.,Ltd displays strong short-term liquidity and solid solvency indicators driven by exceptional cash-generation metrics and coverage of capital expenditures.

• Operating cash flow (2024): ¥1.13 billion - a primary indicator of robust liquidity.
• Free cash flow (quarter ended 2025-03-31): ¥79.7 million - positive FCF after capex.
• Operating cash flow margin: 781.12% - very high efficiency in converting sales to cash.
• Net change in cash (latest quarter): ¥65.62 million - positive cash-management outcome.
• Quick ratio and current ratio: not explicitly provided, but cash flow levels imply adequate short-term coverage.

Key takeaways for investors:

• Cash-generation strength: the company's large operating cash flow suggests comfortable liquidity buffers versus short-term obligations.
• Positive FCF and net cash inflow for the most recent quarter support reinvestment in production capacity and strategic spending.
• While explicit current and quick ratios are unavailable, the cash metrics imply a low short-term solvency risk and the ability to fund capex without external financing.

For broader corporate context, see YanKer shop Food Co.,Ltd: History, Ownership, Mission, How It Works & Makes Money

YanKer shop Food Co.,Ltd (002847.SZ) - Valuation Analysis

• Trailing P/E: 24.99 - current earnings multiple.
• Forward P/E: 19.90 - priced relative to expected future earnings, implying possible undervaluation versus forward profitability.
• P/S: 3.32 - market valuation per unit of revenue.
• Dividend yield: 2.01% (annual dividend 1.40 yuan/share) - income component for investors.
• Market cap: 19.02 billion yuan - significant mid‑cap presence in the sector.
• Analyst rating: Strong Buy; 12‑month target: 88.68 yuan - consensus expectation of price appreciation.
• ROE: strong (not quantified here) - suggests efficient equity use even though P/B is not provided.

• Relative valuation: Lower forward P/E vs. trailing P/E suggests potential re-rating if guidance and earnings delivery align with analyst expectations.
• Income vs. growth: 2.01% dividend yield provides modest income while retained earnings and ROE point to reinvestment efficiency supporting future growth.
• Market positioning: 19.02 billion yuan market cap and analyst upside (target 88.68 yuan) indicate investor confidence in brand and execution.

YanKer shop Food Co.,Ltd (002847.SZ) - Risk Factors

YanKer shop Food Co.,Ltd faces multiple quantifiable and structural risks that can materially affect near‑term earnings and long‑term valuation. Below are the key risk categories with supporting figures and metrics to help investors assess exposure and sensitivity.

• Raw material and labor cost volatility

Variability in commodity prices (e.g., vegetable oils, flour, sugar) and rising labor costs have historically compressed margins. Management's most recent adjusted profit guidance reduced FY2023/FY2024 net profit estimates by approximately 8-15% compared with prior guidance, citing higher input costs and wage inflation. Example impacts observed:

• Channel structure and product mix shifts

Movement from traditional retail to e‑commerce, plus SKU rationalization toward premium and export SKUs, has altered realized gross margins. Key data points:

• Competitive intensity in snack foods

Competition from national players and nimble regional brands pressures promotional spending and market share. Indicators:

• Promotional spend as % of revenue: estimated 4-7% (elevated vs historical).
• Price promotion frequency: increased in peak seasons (Q4, Mid‑Autumn).
• SKU rationalization: management reported discontinuing ≤5% of low‑turn SKUs in latest update.

• Regulatory and compliance risks

Changes to food safety, labeling, packaging waste rules, and export regulations can raise compliance costs. Recent regulatory dynamics to consider:

• Food safety inspections: higher frequency raises potential recall costs (single recall could cost RMB 10-50 million depending on scale).
• Packaging/waste rules: potential CAPEX or OPEX increases; estimated incremental annual cost impact ~RMB 5-20 million if stricter rules apply.

• Currency and overseas exposure

With roughly 10-15% of sales from overseas channels, exchange rate volatility can meaningfully affect reported profit. Sensitivity estimate:

• Supply chain disruptions

Global events (pandemics, shipping constraints) and domestic logistics interruptions can increase lead times and costs. Historical indicators:

• Inventory days: typically 45-70 days; spikes in disruption periods can add 10-30 days.
• Freight cost increases: past peaks added ~RMB 10-30 million to annual costs for logistics and expedited shipments.
• Single‑facility outage: could reduce output by 10-25% temporarily depending on redundancy.

For additional company background that informs these risk dynamics, see: YanKer shop Food Co.,Ltd: History, Ownership, Mission, How It Works & Makes Money

YanKer shop Food Co.,Ltd (002847.SZ) - Growth Opportunities

• Konjac market potential: industry forecasts point to strong consumer adoption of konjac-based foods, with estimated market CAGR of ~12-15% over the next 3-5 years driven by health/low‑calorie trends and new snack formats.
• Thailand production base: the operational ramp-up in Thailand is expected to expand overseas production capacity and shorten supply chains, with management guidance suggesting a potential 30-40% increase in dedicated export capacity versus current levels.
• Six-core category strategy: focusing on six core product families (konjac jelly, konjac noodles, konjac snacks, beverages, ready-to-eat, and health supplements) supports cross-category SKU optimization and higher share-of-wallet in key retail accounts.
• New product pipeline: konjac‑based snacks and convenience formats are anticipated to account for an increasing share of revenues-internal projections indicate new SKUs could contribute 15-25% of incremental revenue within 24-36 months post launch.
• Channel expansion: entry into emerging retail and digital channels-snack discount stores, content‑driven e‑commerce (livestreaming, short video stores), and O2O grocery platforms-offers material incremental reach with lower customer acquisition cost.
• Brand & market position: strong regional brand recognition in core categories and leadership positions in select channels provide pricing and distribution advantages versus smaller independents.

• Operational leverage: higher-capacity utilization (Thailand + optimized domestic lines) should dilute fixed costs and help convert incremental revenue into EBITDA expansion-model scenarios show operating leverage can shift operating margin by 1.5-4.0 percentage points depending on sales mix.
• International growth runway: proximity to ASEAN raw material sources and a Thailand base reduces freight and tariff friction, enabling competitive pricing and margin recovery in export markets.
• Channel & marketing synergies: combining offline discount penetration with content e‑commerce campaigns (short video + livestream) can accelerate trial rates and repeat purchase velocity-pilot channel KPIs suggest conversion lift of 20-50% versus legacy digital channels.