In-depth Analysis of the Popularity Reasons and Driving Factors of COFCO Sugar Industry

COFCO Sugar Industry’s main code is 600737.SH, and 000798.SZ is its associated code [0]. In the first three quarters of 2025, revenue was 20.305 billion yuan (+10.6% YoY), net profit was 815 million yuan (-29.86% YoY, affected by last year’s high base); Q3 single-quarter net profit was 370 million yuan (+23.57% YoY), operating cash flow increased by 56.1%, and gross margin rose by 1.67 percentage points [0]. The stock price was active, hitting the daily limit consecutively on November 11-12 [0], and was included in relevant ETFs as a component stock of the food and beverage sector [0].

1. Single-quarter performance reversal
   : Q3 net profit increased significantly YoY, indicating a business improvement trend [0];
2. Industry boom-driven
   : Rising sugar prices promote the improvement of industry fundamentals [0];
3. Increased capital attention
   : Main funds have a significant net inflow and are favored by institutions [0];
4. Non-sugar business potential
   : The company promotes cost reduction and efficiency improvement as well as non-sugar business development to enhance long-term value [0].

: YTD net profit decline (high base), uncertainty in sugar price fluctuations [0];
: Industry recovery window, expansion space for non-sugar business [0];
: Short-term focus on the continuity of Q4 performance, long-term tracking of industry trends and non-sugar business progress.

COFCO Sugar Industry has become popular due to marginal improvement in performance, industry boom, and capital attention; it is necessary to note the impact of performance base and the risk of sugar price fluctuations, while paying attention to the growth potential of its non-sugar business [0][1][2].