1. China Stocks

  2. •

    Consumer non-durables

  3. •

    Beverages: alcoholic
Luzhou Laojiao Company Limited Class A

Luzhou Laojiao Company Limited Class A

SSZSE:000568
69.99
CNY
+1.99
(+2.93%)
7.81EPS
13.45P/E
154.08BMarket Cap
Oct 30Next Earn
Luzhou Laojiao Company Limited Class A
SZSE:000568
(Shenzhen Stock Exchange)

Recent

price

69.99

P/E

ratio

13.45

div

yld

4.08%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
3.85
6.03
8.27
7.46
3.83
4.92
6.15
7.31
8.91
10.8
11.37
14.09
17.11
20.59
21.26
17.49
18.42
Revenue per Share
1.58
2.08
3.14
2.46
0.63
1.05
1.4
1.8
2.38
3.17
4.1
5.43
7.06
9.02
9.18
7.36
7.78
Basic EPS, GAAP
0.78
2.71
3.29
0.67
0.82
0.05
1.79
1.61
1.93
0.16
1.89
3.9
4.92
6.23
12.26
3.53
- -
Free Cash Flow per Basic Share
0.76
1
1.41
1.81
1.29
0.87
0.84
0.98
1.31
1.63
1.65
2.16
3.35
4.45
5.62
6.09
2.86
Dividend per Share
3.96
5.14
6.94
7.54
6.93
7.33
7.85
10.36
11.61
13.25
15.75
19.14
23.24
28.12
32.19
33.82
35.05
Book Value per Share
3.7
4.91
6.74
7.36
6.75
7.15
7.68
10.2
11.45
13.02
13.94
17.36
21.15
25.81
29.87
31.5
32.75
Tangible Book Value per Share
1,396
1,397
1,398
1,397
1,396
1,403
1,402
1,423
1,465
1,464
1,465
1,465
1,468
1,469
1,468
1,472
1,470
Basic Weighted Avg Shares
5,371
8,428
11,556
10,431
5,353
6,900
8,627
10,395
13,055
15,817
16,653
20,642
25,124
30,233
31,196
25,731
27,082
Sales/Revenue/Turnover
47.96
47.42
49.08
42.45
21.68
22.84
26.51
30.67
33.41
36.25
45.74
48.85
53.53
57.15
56.73
54.41
54.72
Operating Margin (%)
92
109
133
138
154
164
158
169
164
167
308
564
643
677
783
793
- -
Depreciation Expense
2,205
2,905
4,390
3,438
880
1,473
1,957
2,558
3,486
4,642
6,006
7,956
10,365
13,246
13,473
10,831
11,440
Net Income, GAAP
21.87
24.45
26.16
24.41
19.83
21.17
22.67
24.22
24.65
23.95
24.95
24.77
24.86
25.37
25.86
25.89
25.74
Effective Tax Rate (%)
41.06
34.47
37.99
32.96
16.43
21.34
22.69
24.61
26.7
29.35
36.06
38.54
41.26
43.81
43.19
42.09
42.24
Profit Margin (%)
2,134
3,606
6,980
7,768
6,586
6,655
7,200
9,902
10,079
9,527
12,132
15,628
22,900
35,288
36,579
34,384
35,376
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
2,491
4,028
4,031
6,205
11,521
6,304
2,643
1,668
LT Debt
5,562
7,225
9,771
10,643
9,793
10,362
11,104
15,313
17,164
19,555
23,182
28,137
34,329
41,532
47,508
49,894
51,733
Total Equity
41.3
41.33
46.23
32.27
9.2
14.83
17.89
18.75
20.07
21.91
22.54
24.6
26.17
26.59
23.2
18.36
18.99
Return on Invested Capital (%)
43.61
43.17
49.98
32.77
7.67
13.87
18.15
19.23
21.61
24.22
25.12
27.27
28.8
28.95
24.81
19.2
19.94
Return on Capital (%)
45.16
45.8
52.04
33.91
8.67
14.74
18.39
19.54
21.67
25.5
28.27
31.13
33.3
35.04
30.35
22.29
23.11
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Jun'25
Dec'25
Mar'26
ST Debt
5,275
4,074
5,019
LT Borrowings
2,729
2,627
1,652
LT Finance Leases
21
16
15
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,472
1,472
1,472
Market Capitalization
166,919
171,069
154,083

Working Capital

CNY

•

in mil. unless spec.
Jun'25
Dec'25
Mar'26
Total Current Assets
52,589
46,388
47,910
Cash, Cash Equivalents & STI
37,062
28,926
31,394
Accounts Receivable, Net
16
6
19
Inventories
13,785
15,396
15,116
Total Current Liabilities
20,518
12,004
12,534
Payables & Accruals
- -
- -
- -
ST Debt
5,275
4,074
5,019
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
17.34%
16.75%
5.02%
Free Cash Flow
456.21%
36.96%
-71.15%
Net Income, GAAP
23.5%
14.53%
-19.61%
Sales/Revenue/Turnover
14.92%
10.34%
-17.52%
Total Cash Common Dividend
23.29%
30.79%
8.58%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
9,188
7,716
7,399
6,893
31,196
2025
9,352
7,102
- -
2,604
25,731
2026
8,025
- -
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3.12
2.35
2.43
1.28
9.18
2025
3.13
2.09
- -
0.05
7.36
2026
2.52
- -
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.08
0.05
5.46
0.04
5.62
2025
1.43
0.03
- -
0.02
6.09
2026
1.38
- -
- -
- -
- -
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Business
Luzhou Laojiao Co., Ltd. produces and sells baijiu and other alcoholic beverages primarily in China with international operations; the company offers mid- and high-end baijiu such as the National Cellar 1573 series, Luzhou Laojiao Tequ, Centennial Luzhou Laojiao Cellar-aged Liquor, Luzhou Laojiao 1952, and Luzhou Laojiao Touqu; other baijiu including Luzhou Laojiao Black Cap, Gaoguang, and Luzhou Laojiao Heigai; and supplementary products such as cellar-aged, red, and health wines, fruit wines, as well as agricultural products and import-export services for food and beverages. Founded in 1950 and headquartered at Guojiao Square in Luzhou City, Sichuan Province, China, the company--a pioneer of strong-aroma baijiu known as the originator of the category--employs a dual-brand strategy featuring National Cellar 1573 as a high-end flagship and Luzhou Laojiao for mid-tier revival, with production centered on pure-grain solid-state fermentation using ancient cellars dating to 1573, including self-production at facilities like the Huangyi Brewery Eco-Park boasting 170,000 tons annual capacity plus 80,000 tons in progress. In recent developments, Luzhou Laojiao deepened market expansion through the Hundred Cities Program and East China Strategy 2.0, launched the Store Infrastructure initiative and Five Codes in One product nationwide alongside dealer portals and digital marketing upgrades, rolled out new offerings like National Cellar 1573 at 28% ABV and Luzhou Laojiao Erqu Baijiu for mass markets, advanced intelligent brewing via the Technical Upgrade Project Phase I with subsidiary Luzhou Laojiao Brewing Co., Ltd., published the Philosophy of Symbiosis corporate culture guidelines, achieved CNAS certification for Huangyi Laboratory and opened the Sci-tech Museum, and reported H1 2025 revenue of CNY 16.45 billion despite a 2.67% decline amid channel transformations emphasizing AI-powered omnichannel networks.