Shenguan Holdings Group

What Shenguan Holdings Group does

Shenguan Holdings (Group) Limited is a Cayman-incorporated, Hong Kong-listed (HKEX: 00829) collagen product manufacturer headquartered in Wuzhou, Guangxi, China, with operations spanning more than four decades. The group's core business is the production of edible collagen sausage casings from animal dermis (primarily cattle skin), sold under the "Shenguan" brand with six product series — fried, crispy, fresh, tender, bright, and colorful — for large and medium-sized sausage manufacturers in China and export markets including Southeast Asia, Europe, and the United States. Shenguan holds four national invention patents for casing production and is recognized as the first Chinese company to patent edible collagen sausage casing technology.

The company has extended beyond casings into three adjacent verticals: collagen-based food products (sold via Tmall storefront shenguansp.tmall.com), collagen-based skincare products (collfull.tmall.com), and high-purity polymer collagen medical biomaterials including Class III collagen bone filling materials (artificial bone) and dental medical collagen sponges, the last of which the company reports has endotoxin content of 0.01 EU/ml versus the U.S. FDA standard of 0.5 EU/ml. Revenue is generated primarily through direct enterprise sales for casings and a combination of direct sales and Tmall e-commerce for consumer products; pricing is not publicly disclosed. The company maintains an extensive certification stack including ISO9001/22000/10012/45001/14001, U.S. FDA registration, and multiple Halal certificates (SSPY International, China Islamic Association, Indonesia, Malaysia). Recent leadership transitions have placed founder's son Sha Junqi as Chairman following Zhou Yaxian's retirement in September 2025.

Name

Shenguan Holdings Group

Legal name

Shenguan Holdings (Group) Limited

Website

https://shenguan.com.hk

Company type

Public

Founded year

2004

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Shenguan Holdings Group is a Hong Kong-listed Chinese manufacturer of collagen sausage casings for the meat processing industry, with expanding operations in collagen-based food, skincare, and medical biomaterials serving both B2B manufacturers and consumer markets.

Ownership category

akta.pro rank

Product category

Collagen manufacturing / biomaterials

NAICS

Rendering and Meat Byproduct Processing (311613)

SIC

Sausages & Other Prepared Meat Products (2013), Food And Kindred Products (2000)

akta.pro primary industry

Edible Casings Processing (Natural Hog/Sheep/Beef Casings) (AFANAJAB)

akta.pro secondary industries

Collagen, Gelatin & Protein Hydrolysates (Animal-Derived) (AFANAGAI), Animal-Derived Protein Ingredients (Egg, Collagen/Gelatin, Blood/Plasma Proteins) (AFAJAHAB), Proteins & Functional Nutrition Ingredients (Plant/Animal Proteins, Collagen, Amino Acids) (CRADAOAJ)

Keywords

• Collagen sausage casings
• Collagen extraction technology
• Collagen medical biomaterials
• Collagen food products
• Collagen skincare products

Headquarters

HQ city

Wuzhou

HQ country

China

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Technology or R&D, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Collagen Sausage Casings: Core business segment - production and sale of collagen sausage casings for meat processing industry. Revenue for 2025 was RMB 1,023,274 thousand.
2. Collagen Food Products: Collagen-based food products marketed through Tmall e-commerce platform (shenguansp.tmall.com). This segment showed approximately 44.1% growth compared to prior year in non-casing business.
3. Collagen Skincare Products: Collagen-based skincare products sold through collfull.tmall.com e-commerce platform.
4. Polymer Collagen Medical Biomaterials: High-end medical biomaterials including collagen bone filling materials (artificial bone) and dental medical collagen sponges. This segment showed significant increases in production volume, sales, and profits.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Shenguan Holdings manufactures collagen-based products under the 'Shenguan' brand, with its core offering being edible collagen sausage casings produced from animal dermis (primarily cattle skin) across six series (fried, crispy, fresh, tender, bright, colorful). Beyond casings, the company produces collagen-based food products, collagen skincare products, and polymer collagen medical biomaterials (including collagen bone filling materials/artificial bone and dental medical collagen sponges). Products are sold via direct sales to meat processors, Tmall e-commerce for consumer items, and export channels to Southeast Asia, Europe and the United States.

Product overview

Shenguan Holdings (Group) Limited is a collagen product manufacturer operating under the 'Shenguan' brand with over 40 years of history. The company produces collagen sausage casings as its core product and has developed six series (fried, crispy, fresh, tender, bright, colorful) of collagen casings. Beyond its core casing business, the group has expanded into three major industry verticals: collagen food products, collagen skincare products, and polymer collagen medical biomaterials. The group also holds stakes in associated companies producing maternal-infant products. All products are developed under the 'Shenguan' brand, with new product sales accounting for over 40% of total sales volume.

Differentiator

Problem solved

Functional benefit

Brands

• Shenguan Collagen Casing (神冠牌胶原蛋白肠衣): Core product line - edible collagen sausage casings made from cattle skin, with multiple specifications for length, diameter and thickness
• Collagen Food Products
• Collagen Skincare Products

Products and services

• Collagen Sausage Casings (胶原蛋白肠衣) Edible collagen sausage casings manufactured from animal dermis (primarily cattle skin). The core Shenguan product line, offered in six series (fried, crispy, fresh, tender, bright, colorful) with uniform specifications, high tensile strength, distinctive texture, and shelf life of 2-3 years. Designed as packaging raw material for sausage manufacturers operating automated mass-production lines. Sold via direct sales to meat processing enterprises and exported to Southeast Asia, Europe and the United States.
• Collagen Food Products (胶原蛋白食品) Collagen-based food products marketed under the Shenguan brand through the dedicated Tmall storefront (shenguansp.tmall.com), including collagen hot pot ingredients and other collagen food items. This product line represents one of the group's three major collagen industry expansions and is targeted at health-conscious retail consumers in China.
• Collagen Skincare Products (胶原蛋白护肤品) Collagen-based skincare and beauty products marketed under the Collfull brand through the dedicated Tmall storefront (collfull.tmall.com). The product line leverages Shenguan's proprietary collagen technology and is positioned as one of the group's three major collagen industry verticals (food, skincare, medical biomaterials) for health and beauty consumers in China.
• Polymer Collagen Medical Biomaterials (高分子胶原蛋白医用生物材料) High-molecular-weight collagen biomaterials for medical applications, including collagen bone filling materials (artificial bone, Class III medical device) and dental medical collagen sponges. The group's medical-grade collagen has an endotoxin content of only 0.01 EU/ml, 50x more pure than the U.S. FDA standard of 0.5 EU/ml. Sold to medical device manufacturers and healthcare providers.

Quantifiable outcome

• New product sales exceeded 40% of total sales volume in 2025, driving product structure upgrade
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Tricor Investor Services LimitedcoreOthersHong Kong branch share registrar for the company's listed shares
• Suntera (Cayman) LimitedcoreOthersCayman Islands principal share registrar
• Ferguson (Wuhan) Biotech Co., Ltd. (福格森(武汉)生物科技股份有限公司)minorStrategic or Co-development PartnerAssociated company where Mr. Sha Junqi serves as chairman - involved in maternal and infant products segment

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Italgelatine: Italian gelatin and collagen peptide manufacturer for food, nutraceutical, and pharmaceutical markets. Comparable to Shenguan as a mid-sized collagen specialty producer with strong European positioning and overlapping food/medical customer segments.
• Nitta Gelatin: Japanese gelatin and collagen peptide manufacturer with operations across food, health, and biomedical applications. Highly comparable to Shenguan in collagen raw material processing and downstream food/biomaterial applications across Asian markets.
• Viscofan: The world's largest manufacturer of sausage casings (cellulose, collagen, fibrous, plastic) headquartered in Spain. Directly comparable to Shenguan as a global collagen casing producer serving meat processors, though with significantly broader product portfolio and geographic reach.
• Rousselot (Darling Ingredients): Netherlands-based gelatin and collagen peptide producer owned by Darling Ingredients. Comparable to Shenguan as a vertically integrated collagen raw material supplier serving food, nutrition, and biomedical customers globally.
• PB Leiner (Tessenderlo Group): Belgian gelatin and collagen producer serving food, pharmaceutical, and technical applications. Comparable to Shenguan in collagen extraction know-how and food/pharmaceutical end-markets, particularly relevant to Shenguan's medical biomaterials expansion.
• Gelita: German-headquartered global leader in collagen peptides and gelatin for food, health, nutrition, and pharmaceutical applications. Comparable to Shenguan in the collagen extraction technology platform, though Gelita is far larger and more diversified into B2B functional ingredients.
• Devro plc (now part of SCB Group): Scottish-based collagen casing manufacturer (acquired by SCB Group in 2024). Direct competitor to Shenguan in edible collagen casings for the global sausage industry, with comparable product specifications and customer base in meat processing.

Broad incumbents

• Hangzhou Yangshengtang / 养生堂: Major Chinese health and nutrition brand (parent of brands like 农夫山泉) with a collagen product line through subsidiaries. Comparable to Shenguan's consumer collagen food and skincare segments as a Chinese mass-market nutraceutical competitor with significantly stronger brand equity.
• BY-Health / 汤臣倍健: China's largest nutritional supplement company with collagen and beauty-from-inside product lines. Comparable to Shenguan's collagen food and skincare consumer segments via Tmall, and represents the dominant brand competition Shenguan faces in online collagen channels.

Emerging players

• Weisheng Group / 威胜集团: Chinese collagen and gelatin producer focused on food and health applications. Comparable to Shenguan as a domestic Chinese collagen peer, though with a narrower product focus and smaller international footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance16 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Shenguan Holdings Group