1. China Stocks

  2. •

    Consumer non-durables

  3. •

    Beverages: alcoholic
Lanzhou Huanghe Enterprise Co., Ltd Class A

Lanzhou Huanghe Enterprise Co., Ltd Class A

SSZSE:000929
7.99
CNY
+0.04
(+0.50%)
-1.45EPS
1.63BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
4.78
4.28
3.78
3.65
3.21
2.74
2.45
1.65
1.66
1.43
1.3
1.13
2
2.05
Basic EPS, GAAP
0.14
0.42
0.37
-0.14
0.09
-0.36
0.08
-0.16
0.1
-0.16
-0.25
-0.54
-0.49
-0.8
Free Cash Flow per Basic Share
0.53
0.56
0.12
0.53
0.13
0.14
-0.1
-0.19
-1.25
0.12
-0.2
-0.47
-1.5
- -
Dividend per Share
0.06
0.16
0.05
0.04
0.09
0.02
0.02
0.02
0.01
0.01
0.01
- -
- -
0.01
Book Value per Share
3.3
3.69
4.06
3.93
3.95
3.58
3.67
3.51
3.61
3.45
3.16
2.62
1.97
1.83
Tangible Book Value per Share
2.87
3.28
3.66
3.54
3.58
3.24
3.35
3.2
3.34
3.2
2.92
2.41
1.7
1.56
Basic Weighted Avg Shares
186
186
186
186
186
186
186
186
186
186
186
186
184
183
Sales/Revenue/Turnover
888
796
702
677
596
509
455
307
309
266
241
211
369
375
Operating Margin (%)
4.76
7.68
2.69
-2.06
-4.05
-0.73
-7.19
-20.67
-21.74
-19.95
-24.88
-45.22
-59.31
-61.78
Depreciation Expense
45
38
38
31
28
27
26
23
22
21
18
16
13
- -
Net Income, GAAP
25
78
69
-25
16
-68
16
-30
19
-29
-47
-100
-91
-147
Effective Tax Rate (%)
28.23
27.36
19.36
- -
45.49
- -
79.34
- -
26.28
- -
- -
- -
- -
- -
Profit Margin (%)
2.86
9.79
9.81
-3.7
2.72
-13.28
3.43
-9.75
6.19
-10.97
-19.37
-47.44
-24.64
-39.19
Working Capital
612
710
788
785
812
747
787
742
785
452
624
201
374
322
LT Debt
18
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
39
Total Equity
1,017
1,103
1,180
1,155
1,155
1,089
1,092
1,040
1,064
1,021
956
807
599
549
Return on Invested Capital (%)
3.77
8.63
5.8
- -
1.12
- -
0.25
- -
2.27
- -
- -
- -
- -
- -
Return on Capital (%)
1.06
4.52
5.12
- -
1.76
- -
2.5
- -
1.44
- -
- -
- -
- -
- -
Return on Common Equity (%)
4.22
12
9.56
-3.38
2.22
-9.66
2.32
-4.49
2.89
-4.46
-7.61
-18.62
-21.35
-35.24

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
46
49
30
LT Borrowings
- -
- -
- -
LT Finance Leases
1
1
39
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
186
186
186
Market Capitalization
1,637
1,754
1,625

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
739
661
586
Cash, Cash Equivalents & STI
79
138
184
Accounts Receivable, Net
27
44
50
Inventories
220
211
193
Total Current Liabilities
365
315
264
Payables & Accruals
- -
- -
- -
ST Debt
46
49
30
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-6.18%
-9.9%
-25.8%
Free Cash Flow
73.23%
107.23%
215.09%
Net Income, GAAP
-148.39%
-50.48%
-8.94%
Sales/Revenue/Turnover
-3.32%
8.01%
75.28%
Total Cash Common Dividend
-3.91%
-16.91%
14.46%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
54
61
63
33
211
2025
48
49
- -
150
369
2026
68
108
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
-0.04
-0.16
-0.33
-0.54
2025
0.04
-0.1
- -
-0.56
-0.49
2026
-0.09
-0.05
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Yue Xin Tan
Full Time Employees
818
Sector
Consumer non-durables
Industry
Beverages: alcoholic
Address
No. 108 Zhengjiazhuang Lanzhou GA China 730050
IPO Date
Jun 23, 1999
Website
yellowriver.net.cn
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Business
Lanzhou Huanghe Enterprise Co., Ltd. (000929.SZ) engages principally in the production, processing, and sale of beer, malt, beverages, barley, and forage in China. The company offers beer under the Yellow River (Huanghe) brand, including Silk Road Puree, Silk Road Refined, Barley White Beer, Crystal Pure, Yellow River King, Super Dry, and Craft Barley varieties, as well as beer under the Qinghai Lake brand such as Qinghai Lake Q8; it also provides malt under the Yellow River brand, compound flavored sodas, ginger beer, fruit-flavored beer, and related agricultural products. Operations focus on the domestic market, with a strong presence in Gansu Province where Huanghe beer holds a 75% market share and one-third of the Northwest region; founded in 1983 and restructured as a joint-stock company in 1993, it is headquartered at Jinyun Building, 219 Qingyang Road, Lanzhou, Gansu Province, China. In recent developments, the company completed an equity buyback program announced on March 10, 2025, repurchasing 3,764,300 shares for CNY 30 million by September 22, 2025; in September 2025, it acquired a 50.6329% stake in Yiwang Juice Co., Ltd. from Xi'an Chunguoguo Beverage Co., Ltd., finalizing industrial and commercial registration on September 8.