Anhui Gujing Distillery Co., Ltd. Class A

Anhui Gujing Distillery Co., Ltd. Class A

54.93
HKD
+1.27
(+2.37%)
5.76EPS
9.20P/E
49.12BMarket Cap
Oct 30Next Earn
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
5.08
5.16
5.81
6.66
7.7
9.62
11.53
11.37
14.31
17.62
21.33
24.84
19.83
27.25
Basic EPS, GAAP
0.69
0.66
0.79
0.92
1.27
1.88
2.32
2.05
2.48
3.31
4.83
5.81
3.74
4.87
Free Cash Flow per Basic Share
0.09
- -
0.61
1.12
0.81
1.25
-0.24
3.38
5.04
1.61
2.23
2.42
0.3
- -
Dividend per Share
0.28
0.2
0.11
0.06
0.33
0.56
0.84
0.84
0.82
1.23
1.67
2.52
3.35
5.02
Book Value per Share
4.14
4.62
5.34
6.19
7.14
8.41
9.89
11.11
17.42
19.51
22.68
25.97
26.39
26.22
Tangible Book Value per Share
3.79
4.28
5.01
4.88
5.85
7.06
8.49
9.54
15.71
17.75
20.9
24.19
24.93
24.79
Basic Weighted Avg Shares
901
901
905
903
905
903
903
905
927
949
949
949
950
634
Sales/Revenue/Turnover
4,581
4,651
5,253
6,017
6,968
8,686
10,417
10,292
13,270
16,713
20,254
23,578
18,832
17,273
Operating Margin (%)
16.93
13.79
16.22
16.63
20.79
24.86
24.8
21.38
21.91
25.3
30.3
31.64
25.94
25.09
Depreciation Expense
93
143
169
193
206
214
236
249
281
284
361
540
754
- -
Net Income, GAAP
622
597
716
830
1,149
1,695
2,098
1,855
2,298
3,143
4,589
5,517
3,549
3,085
Effective Tax Rate (%)
26.99
25.01
25.94
26.11
26.48
26.51
24.89
25.3
25.13
27.26
25.36
26.8
28.39
29.25
Profit Margin (%)
13.58
12.84
13.62
13.79
16.49
19.52
20.14
18.02
17.32
18.81
22.66
23.4
18.85
17.86
Working Capital
1,664
1,820
2,336
2,071
2,987
4,935
6,279
7,028
12,611
12,320
13,099
14,503
15,146
15,101
LT Debt
- -
- -
- -
- -
- -
- -
- -
113
200
64
175
126
336
298
Total Equity
3,743
4,181
4,834
5,941
6,841
8,030
9,432
10,449
17,253
19,333
22,414
25,694
26,104
25,992
Return on Invested Capital (%)
14.4
12.94
14
14.22
17.13
22.02
23.16
17.41
15.83
16.58
21.05
22.27
13.27
11.06
Return on Capital (%)
17.48
14.36
15.54
15.03
17.4
22.34
23.62
18.56
15.83
16.42
21.12
21.93
13.16
11.09
Return on Common Equity (%)
17.48
15.07
15.88
15.91
19.06
24.11
25.35
19.53
17.29
17.93
22.92
23.89
14.28
12.02

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
246
207
223
LT Borrowings
260
312
234
LT Finance Leases
76
75
64
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
949
949
949
Market Capitalization
74,508
58,473
42,504

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
26,431
28,824
26,791
Cash, Cash Equivalents & STI
14,187
14,716
13,904
Accounts Receivable, Net
54
93
40
Inventories
10,740
10,463
10,795
Total Current Liabilities
11,285
12,541
11,690
Payables & Accruals
- -
- -
- -
ST Debt
246
207
223
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
19.3%
21.87%
1.6%
Free Cash Flow
-155.71%
-11.02%
-87.65%
Net Income, GAAP
20.54%
18.25%
-35.67%
Sales/Revenue/Turnover
14.61%
14.47%
-20.13%
Total Cash Common Dividend
74.05%
34.76%
32.91%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8,286
5,519
5,263
4,509
23,578
2025
9,146
4,734
- -
2,407
18,832
2026
7,446
2,686
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.18
2.85
2.22
1.46
5.81
2025
2.46
2.52
- -
-0.78
3.74
2026
1.69
1.05
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
4.5
-0.01
0.03
2.52
2025
0.56
5
- -
- -
3.35
2026
0.56
0.01
- -
- -
- -

Company Description

CEO
Qing Wu Zhou
Full Time Employees
13,596
Sector
Consumer non-durables
Industry
Beverages: alcoholic
Address
Gujing Industrial Park Bozhou AN China 236820
IPO Date
Sep 27, 1996
Website
gujing.com
Business
Anhui Gujing Distillery Co., Ltd. (000596.SZ) produces and sells baijiu and other distilled spirits primarily in China and internationally; offers core brands including Gujing Tribute Liquor, Gujing Series Aged Liquor, Gujing Xue Niang Liquor, Gujing Gong Liquor, Yellow Crane Tower Liquor, and Gu20 low-alcohol variant; and provides ancillary services such as machinery production, advertising, research and development, sewage processing, e-commerce, food testing, glass products manufacturing, hotel management, house leasing, and wholesale of construction materials and feeds. Founded in 1996 and headquartered in Gujing Town, Bozhou City, Anhui Province, the company, a subsidiary of Anhui Gujing Group Co., Ltd., operates a vertically integrated model with annual production capacity exceeding 200 million liters, focusing on high-quality sorghum-based baijiu brewed using the intangible cultural heritage Jiuyun Jiufa technique from fermenting pits over 500 years old; it serves domestic markets through over 30,000 retail outlets, with growing online sales and exports comprising about 15% of revenue, targeting premium consumers in Central China (mainly Anhui and Henan) while expanding nationally and into North America and Europe. In recent developments, the company launched a millennial-targeted product line including the low-alcohol Gu20 variant in 2023 and retro-style Lao Ci Gong, which topped Tmall sales during Mid-Autumn Festival; announced RMB 500 million investment in 2023 to expand production capacity by 20%; intensified e-commerce partnerships and channel relief measures amid 2025 industry pressures; reported first-three-quarters 2025 revenue of RMB 16.425 billion (down 13.9% year-over-year) with net profit of RMB 3.96 billion (down 16.6%), prioritizing inventory destocking and fee investments; and participated in the 2025 International Forum on RCEP cooperation to boost international presence.