Want Want China Holdings Ltd

00151: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	HK$3.70	Qmcbw	Bvsdpvnyv

Want Want Reports Respectable Fiscal Year 2020

Philip Gorham

Jun 23, 2021

Business Strategy and Outlook

Want Want is one of China's earliest established packaged-food manufacturers. Given its strategic focus on consumers between the ages of 3 and 15, the firm has encountered minimal competition during its early stages of development. Want Want had business partnerships with around 8,000 distributors, and its total annual sales had reached CNY 22 billion in fiscal 2020. The company’s revenue contributions from rice crackers, dairy products and beverages, and snack foods amounted to 25%, 50%, and 24% of revenue, respectively, in fiscal year 2020 (year ended March 31, 2021).

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