Foshan Haitian Flavouring and Food Co Ltd Class A

603288: XSHG (CHN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	¥26.00	Wkwb	Wfntpkgs

Haitian’s Q2 Profit Growth Was Impressive, Market Share Expanded Amid the Pandemic

Allen Cheng

Sep 1, 2020

Business Strategy and Outlook

Foshan Haitian Flavouring and Food is a leading firm for both market share and profitability in China’s condiment and flavoring industry. It was established in 1955, but the Haday brand can be traced back over 300 years to the Qing Dynasty. Following a series of restructurings in 1994-2007, Haitian transformed from a state-owned to a privately owned company, and was listed in 2014.

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