新希望控股集团有限公司

New Hope Holding Group Co., Ltd. is a privately held agricultural and food group headquartered in Chengdu, Sichuan, founded in 1982 and effectively controlled by founder Liu Yonghao. Its US$31.6057 billion fiscal 2020 revenue was disclosed in the 2021 Fortune Global 500. The parent is unlisted; the principal public vehicles are New Hope Liuhe (000876.SZ) and New Hope Dairy (002946.SZ). The assessment below uses only disclosed data and flags where the record is silent.

Industry Position

New Hope Holding Group competes in agricultural products, with feed and animal-protein activity carried by New Hope Liuhe and dairy carried by New Hope Dairy. Its US$31.6057 billion fiscal 2020 revenue, disclosed in the 2021 Fortune Global 500, is the only consolidated figure available. Net income, assets and market capitalization are undisclosed, so position is read from scale and portfolio rather than from margins.

The structure is that of a holding company: operating and financing risk sits largely in the separately listed subsidiaries, New Hope Liuhe and New Hope Dairy, while the parent remains private. Peers are therefore best compared at subsidiary level, where filings exist, and at group level only through the 2020 revenue line. The record carries no consolidated figures for 2021 through 2025.

Competitive Advantages

Portfolio breadth is the clearest documented advantage. The group spans feed and agricultural products through New Hope Liuhe, dairy through New Hope Dairy, services through New Hope Service, and food and consumer lines through Grassland Kuohe and Meihao Foods. That span from upstream feed to downstream branded food is broader than a single-category operator's.

Continuity of control is the second advantage. Founding in 1982 and effective control by Liu Yonghao have been maintained across four decades, while two subsidiaries were taken public in Shenzhen under 000876.SZ and 002946.SZ. The group thus raises equity at subsidiary level without diluting parent control, and its Chengdu headquarters keeps it anchored in Sichuan, its base since founding.

Strategic Expansion

Brand extension beyond feed is visible in the portfolio: New Hope Service carries services, while Grassland Kuohe and Meihao Foods carry food and consumer lines. This spreads the group across B2B agricultural supply and B2C branded consumption under one ownership structure, giving each line its own market positioning rather than a single corporate identity.

Capital formation runs through the listed vehicles. New Hope Liuhe and New Hope Dairy are separately quoted, allowing project-level financing in feed and dairy while the private parent coordinates the portfolio. The record documents no expansion, acquisition or capacity addition after 2020, so the pace of post-2020 growth cannot be verified from disclosed data.

Risks & Outlook

Disclosure is the principal analytical risk. Beyond the 2020 revenue figure, the record carries no net income, no assets, no market capitalization, no employee count and no revenue for 2021 through 2025. The parent is unlisted and has no share price as of October 2026, leaving no market-based valuation anchor. Revenue is reported in CNY and translated to USD only for ranking purposes.

Outlook depends on feed and food demand and on input-cost cycles that agricultural-products groups absorb through integration. The two listed platforms give financing optionality, but without disclosed profitability the durability of the 2020 revenue base cannot be assessed. A VerityRank Score of 78/100 reflects a globally scaled, founder-controlled agricultural and food group with broad brand coverage, discounted for consolidated disclosure that stops at fiscal 2020.