China Feihe Ltd Ordinary Shares

06186: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	HK$7.90	Dwhqsjv	Vrblxzb

China Feihe to Face a Challenging Environment Amid Muted Growth in New Births

Jacky Tsang

Feb 6, 2024

Business Strategy and Outlook

Feihe strives to be a topnotch domestic infant milk formula, or IMF, producer in China. It has been able to price its products at a premium comparable with imported products, and is marketed as tailored for Chinese babies. The company has invested considerably in building out its sales network in maternity stores across China, as the category is mainly sold through this channel. Feihe possesses a scalable distributing and retail outlet network in the country.

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