---
title: "中国淀粉控股有限公司 (03838.HK)"
type: "quote"
locale: "en"
url: "https://longbridge.com/en/quote/03838.HK.md"
symbol: "03838.HK"
name: "中国淀粉控股有限公司"
industry: "包装食品和肉类"
---

# 中国淀粉控股有限公司 (03838.HK)

| Item | Detail |
|------|--------|
| Industry | 包装食品和肉类 |
| Location | 港股市场 |

## Company Profile

中国淀粉控股有限公司是一家主要从事制造及销售淀粉产品的投资控股公司。该公司通过两个业务部门运营。上游产品部从事生产及销售玉米淀粉及玉米深加工副产品业务。发酵及下游产品部从事生产及销售赖氨酸、淀粉糖、变性淀粉及其他产品业务。

## Financial Score

> *Longbridge Financial Score™ — Proprietary multi-factor rating model by [Longbridge](https://longbridge.com). This score is independently calculated by Longbridge and is not affiliated with any third-party rating agency.*
> Updated: 2026-02-21T04:30:11.000Z

**Overall: B (0.36)**

**Industry**: Packaged Foods and Meats

| Metric | Value |
|--------|-------|
| Industry Ranking | 20 / 51 |
| Industry Median | B |
| Industry Average | C |

- **Style**: Value - Stocks where the company's main business is in a mature stage.
- **Scale**: Small - The company's operation has a high degree of growth and volatility, making it easy to achieve high investment returns.

### Score Analysis

**Style Score**: 

#### Growth Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | -6.25% |  |
| Net Profit YoY | 16.44% |  |

#### Value Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| P/B Ratio | 0.24 |  |
| Dividend Ratio | 5.27% |  |


**Size Score**: 

#### Market Cap Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 1.11B |  |

#### Revenue Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue | 11.80B |  |


**Multi Score**: B

#### Profit Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | 10.42% | B |
| Profit Margin | 3.85% | C |
| Gross Margin | 8.38% | E |

#### Growth Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | -6.25% | D |
| Net Profit YoY | 16.44% | B |
| Total Assets YoY | 30.32% | A |
| Net Assets YoY | 14.22% | B |

#### Cash Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| Cash Flow Margin | 2597.97% | A |
| OCF YoY | -6.25% | D |

#### Operating Score: A

| Indicator | Value | Rating |
|-----------|-------|--------|
| Turnover | 1.76 | A |

#### Debt Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Gearing Ratio | 33.15% | B |


```chart-data:radar
{
  "title": "Longbridge Financial Score - 中国淀粉控股有限公司",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Profit",
      "grade": "C",
      "indicators": [
        {
          "name": "ROE",
          "value": "10.42%",
          "rating": "B"
        },
        {
          "name": "Profit Margin",
          "value": "3.85%",
          "rating": "C"
        },
        {
          "name": "Gross Margin",
          "value": "8.38%",
          "rating": "E"
        }
      ]
    },
    {
      "name": "Growth",
      "grade": "C",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "-6.25%",
          "rating": "D"
        },
        {
          "name": "Net Profit YoY",
          "value": "16.44%",
          "rating": "B"
        },
        {
          "name": "Total Assets YoY",
          "value": "30.32%",
          "rating": "A"
        },
        {
          "name": "Net Assets YoY",
          "value": "14.22%",
          "rating": "B"
        }
      ]
    },
    {
      "name": "Cash",
      "grade": "C",
      "indicators": [
        {
          "name": "Cash Flow Margin",
          "value": "2597.97%",
          "rating": "A"
        },
        {
          "name": "OCF YoY",
          "value": "-6.25%",
          "rating": "D"
        }
      ]
    },
    {
      "name": "Operating",
      "grade": "A",
      "indicators": [
        {
          "name": "Turnover",
          "value": "1.76",
          "rating": "A"
        }
      ]
    },
    {
      "name": "Security",
      "grade": "B",
      "indicators": [
        {
          "name": "Gearing Ratio",
          "value": "33.15%",
          "rating": "B"
        }
      ]
    }
  ]
}
```

### Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
|------|------|--------|--------|-----------|----------|------|--------|
| 01 | 牧原股份 (HK.2714) | B | B | B | D | B | B |
| 02 | 海天味业 (HK.3288) | A | B | B | A | C | B |
| 03 | 万洲国际 (HK.288) | B | B | A | C | B | B |
| 04 | 中国旺旺 (HK.151) | A | C | B | B | C | B |
| 05 | 中国飞鹤 (HK.6186) | B | D | B | A | C | B |

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | 2.41 | 1/53 | 2.56 | 2.38 | 2.15 |
| PB | 0.24 | 5/53 | 0.27 | 0.25 | 0.24 |
| PS (TTM) | 0.09 | 5/53 | 0.10 | 0.09 | 0.09 |
| Dividend Yield | 5.27% | 10/53 | 5.36% | 4.92% | 3.75% |

## References

- [Company Overview](https://longbridge.com/en/quote/03838.HK/overview.md) - Shareholders, executives, business segments
- [Financials](https://longbridge.com/en/quote/03838.HK/norm.md) - Income statement, balance sheet, cash flow, distribution plan
- [Topics & Discussions](https://longbridge.com/en/quote/03838.HK/topics.md) - Community topics and discussions

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.