Vedan International (Holdings) Limited logo

Vedan International (Holdings) Limited

2317.HK

HKSEConsumer DefensivePackaged Foods

Latest quote

HK$0.69

HK$0.00 · 0.00%

Aug 24, 11:18 AM HKT

2317.HK company overview

Historical prices · Market data may be delayed.

Company profile

Company website

Vedan International (Holdings) Limited operates as an investment holding company, manufacturing and distributing a diverse range of products. Its core business encompasses fermentation-derived amino acids, food additives, biochemical compounds, and industrial products formulated from cassava starch. Among its starch-based offerings are native cassava starch, utilized in items such as sausages, ice creams, canned soups, and noodles. The company also provides modified starch, which finds applications in various industrial sectors including textiles, paper, food, animal feed, and cosmetics. Additionally, glucose syrup is produced, essential for food, confectionery, and bakery manufacturing, and serving as a key component in the creation of monosodium glutamate (MSG), glutamic acid (GA), and lysine. The company's specialty chemical portfolio features caustic soda, indispensable for MSG production and widely applied in metal processing, food preparation, textile manufacturing, cosmetics, paint, water treatment, and detergent formulation. Hydrochloric acid is also provided, instrumental in GA synthesis and employed within the food, textile, beverage, seafood processing, and metal processing industries. Furthermore, Vedan offers hypochlorite, functioning both as a bleaching agent and for detergent production. Its product range also extends to poly-gamma-glutamic acid (PGA) hydrogels. All products are marketed under the distinguished VEDAN brand. Vedan serves a broad customer base, including food distributors, international trading enterprises, and manufacturers specializing in food, paper, textile, and chemical goods. Geographically, the company maintains a presence across Vietnam, Japan, the People's Republic of China, the United States, Taiwan, ASEAN countries, and various other international regions. Vedan International (Holdings) Limited is headquartered in Kowloon, Hong Kong.

Industry
Packaged Foods
Sector
Consumer Defensive
Headquarters
HK
CEO
Kun-Hsiang Yang
Listed since
Jun 27, 2003
Employees
4,005

Market position

52-week range

Current HK$0.69

Open
HK$0.69
Previous close
HK$0.69
Volume
4K
0.09× average
Average volume
42.4K
Average daily volume
Market cap
1.05B HKD
Beta
-0.36
Market reference 1
50-day average
HK$0.7086
-2.62% below average
200-day average
HK$0.7031
-1.86% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
114.51M USD
P/E (TTM)
7.86×
P/B (TTM)
0.44×
P/S (TTM)
0.36×
EV / EBITDA
2.64×
Earnings yield
13.01%
Free cash flow yield
15.21%
Dividend yield
12.66%

Profitability & efficiency

Gross margin
17.74%
Operating margin
6.16%
Net margin
4.55%
Return on equity
5.56%
Return on assets
4.42%
Return on invested capital
5.07%

Financial health

Debt / equity
0.1×
Current ratio
3.46×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends20%12%5%-3%Gross margin, FY2021: 15.79%Gross margin, FY2022: 9.61%Gross margin, FY2023: 14.35%Gross margin, FY2024: 17.42%Gross margin, FY2025: 17.74%Operating margin, FY2021: 3.92%Operating margin, FY2022: -0.69%Operating margin, FY2023: 3.36%Operating margin, FY2024: 6.03%Operating margin, FY2025: 6.16%Net margin, FY2021: 2.88%Net margin, FY2022: -0.97%Net margin, FY2023: 1.81%Net margin, FY2024: 4.22%Net margin, FY2025: 4.55%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 15.79%. Gross margin FY2022 9.61%. Gross margin FY2023 14.35%. Gross margin FY2024 17.42%. Gross margin FY2025 17.74%. Operating margin FY2021 3.92%. Operating margin FY2022 -0.69%. Operating margin FY2023 3.36%. Operating margin FY2024 6.03%. Operating margin FY2025 6.16%. Net margin FY2021 2.88%. Net margin FY2022 -0.97%. Net margin FY2023 1.81%. Net margin FY2024 4.22%. Net margin FY2025 4.55%.

Income trends

Revenue

374.74M USD-1.43%

Operating income

23.1M USD+0.79%

Net income

17.06M USD+6.29%
Income trends across reported periods496.55M USD314.39M USD132.23M USD−49.93M USDRevenue, FY2021: 382.36M USDRevenue, FY2022: 451.01M USDRevenue, FY2023: 386.17M USDRevenue, FY2024: 380.18M USDRevenue, FY2025: 374.74M USDOperating income, FY2021: 14.98M USDOperating income, FY2022: −3.12M USDOperating income, FY2023: 12.98M USDOperating income, FY2024: 22.92M USDOperating income, FY2025: 23.1M USDNet income, FY2021: 11.01M USDNet income, FY2022: −4.39M USDNet income, FY2023: 6.99M USDNet income, FY2024: 16.05M USDNet income, FY2025: 17.06M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 382.36M USD. Revenue FY2022 451.01M USD. Revenue FY2023 386.17M USD. Revenue FY2024 380.18M USD. Revenue FY2025 374.74M USD. Operating income FY2021 14.98M USD. Operating income FY2022 −3.12M USD. Operating income FY2023 12.98M USD. Operating income FY2024 22.92M USD. Operating income FY2025 23.1M USD. Net income FY2021 11.01M USD. Net income FY2022 −4.39M USD. Net income FY2023 6.99M USD. Net income FY2024 16.05M USD. Net income FY2025 17.06M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue374.74M USD380.18M USD386.17M USD451.01M USD382.36M USD
Cost of goods sold308.27M USD313.94M USD330.74M USD407.66M USD321.99M USD
Gross profit66.47M USD66.24M USD55.43M USD43.35M USD60.37M USD
Selling, general, and administrative44.92M USD44.81M USD42.33M USD46.68M USD47.03M USD
Operating expenses43.37M USD43.32M USD42.45M USD46.24M USD45.39M USD
Interest income1.54M USD1.08M USD1.09M USD398K USD569K USD
Interest expense1.01M USD1.54M USD2.88M USD951K USD336K USD
Depreciation and amortization20.74M USD22.71M USD21.91M USD18.43M USD18.21M USD
Operating income23.1M USD22.92M USD12.98M USD−3.12M USD14.98M USD
Net income17.06M USD16.05M USD6.99M USD−4.39M USD11.01M USD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.05

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.090.04-0.01-0.06Q2 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q3 '25Q1 '26
Q2 2022, reported Jun 30, 2022: actual -0.001, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 21, 2023: actual -0.021, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 22, 2023: actual -0.008, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 19, 2024: actual 0.043, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 20, 2024: actual 0.043, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 25, 2025: actual 0.039, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 18, 2025: actual 0.039, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 23, 2026: actual 0.048, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates1.87B1.71B1.54B1.37BQ2 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q3 '25Q1 '26
Q2 2022, reported Jun 30, 2022: actual 1.8B HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 21, 2023: actual 1.73B HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 22, 2023: actual 1.48B HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 19, 2024: actual 1.54B HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 20, 2024: actual 1.45B HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 25, 2025: actual 1.51B HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 18, 2025: actual 1.45B HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 23, 2026: actual 1.48B HKD, estimate —, surprise —, Comparison unavailable.

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