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Maker of Gujing Gong Jiu, a well-known mid-to-premium baijiu brand from Anhui province.
Maker of Gujing Gong Jiu, a well-known mid-to-premium baijiu brand from Anhui province.
Sells through a network of distributors, mostly in mid- to upper-priced bottles served at banquets and given as gifts, so demand follows business and official entertainment. Anhui is the home market, and expansion into other provinces drives growth. A state-owned Anhui parent group controls it.
In one line: China's Diageo/Brown-Forman for premium spirits.
Moat: narrow (brand). Recognized regional heritage brand, competing in a crowded mid-premium baijiu tier.
Headquarters: Bozhou, China · Founded: 1959 · Employees: 13,596
Size Anhui Gujing Distillery (000596.SZ) is a China Consumer Staples company (Beverages: Alcoholic) with a market value of $7.29B, the 337th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥105.01 on 6 Nov 2026.
Performance Over six months the shares fell 2.1%, against +11.0% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue fell 27.5% over the last twelve months (peer median -1.3%); the operating margin is 17.1% (peer median 15.0%).
Valuation It trades at 21.5× forward earnings against a peer median of 17.1× (6th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is -8 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 7.4 points above its cost of capital (7.7% WACC).
Next results Next results expected around 26 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥15.2B | CN¥15.8B | CN¥19.9B | CN¥17.3B | CN¥14.0B |
| Revenue growth | — | -21% | +15% | +24% | — |
| Gross profit | CN¥12.5B | CN¥11.7B | CN¥15.0B | CN¥12.9B | CN¥10.0B |
| EBITDA | n/a | CN¥5.58B | CN¥7.94B | CN¥6.45B | CN¥4.48B |
| Net income | CN¥1.85B | CN¥3.55B | CN¥5.52B | CN¥4.59B | CN¥3.14B |
| Free cash flow | CN¥569M | CN¥291M | CN¥2.32B | CN¥1.47B | CN¥1.62B |
| Capital expenditure | CN¥881M | CN¥1.66B | CN¥2.43B | CN¥2.38B | CN¥1.58B |
| Total debt | CN¥1.12B | CN¥2.05B | CN¥855M | CN¥1.61B | CN¥885M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Anhui Gujing Distillery 000596.SZ | $7.29B | -2% | -28% | 17% | 21.5× | 4.3% |
| Kweichow Moutai 600519.SS | $272B | +5% | -4% | 65% | 21.7× | 0.7% |
| Wuliangye Yibin 000858.SZ | $43.9B | -22% | -6% | 32% | 22.1× | 7.1% |
| Jiangsu Yanghe Distillery 002304.SZ | $8.50B | -23% | -31% | 4% | 32.6× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 000596.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +12.2% | +7.9% | 10th highest of 21 |
| 6-month return | -2.1% | +11.0% | 9th lowest of 21 |
| Distance from 52-week high | -38.5% | -13.3% | 2nd lowest of 21 |
| Revenue growth (TTM) | -27.5% | -1.3% | 3rd lowest of 20 |
| Operating margin | 17.1% | 15.0% | 5th highest of 20 |
| Forward P/E | 21.5× | 17.1× | 6th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 4.3% | -1.2% | 6th most demanding of 17 |
| Growth delivered (Del g) | +12.7% | +4.5% | 4th highest of 17 |
| Hurdle (Req g minus delivered) | -8.4 pp | -7.7 pp | 6th least demanding of 17 |
| ROIC minus cost of capital | +7.4 pp | +2.9 pp | 8th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Anhui Gujing Distillery 000596.SZ | China | $7.29B | -2% | -28% | 17% | 21.5× | 4.3% | +12.7% |
| Molson Coors Canada TPX-B.TO | Canada | $7.38B | -12% | n/a | n/a | n/a | n/a | n/a |
| Molson Coors Beverage TAP | United States | $7.54B | -4% | -2% | 12% | 9.2× | -4.7% | +2.9% |
| Jiangsu King's Luck Brewery Joint-stock 603369.SS | China | $6.40B | +25% | -5% | 33% | 16.2× | 1.9% | +15.3% |
| Radico Khaitan RADICO.NS | India | $6.37B | +33% | +16% | 17% | 66.7× | 45.1% | +20.5% |
| Jiangsu Yanghe Distillery 002304.SZ | China | $8.50B | -23% | -31% | 4% | 32.6× | n/a | n/a |
| Thai Beverage Public Y92.SI | Singapore | $8.56B | +2% | -8% | 13% | 10.6× | -4.7% | +3.2% |
| China Res Beer 0291.HK | Hong Kong | $8.66B | -18% | +3% | 15% | 10.7× | -1.5% | +3.1% |
| Davide Campari-Milano CPR.MI | Italy | $8.93B | +22% | -1% | 20% | 21.0× | 3.6% | +11.5% |
| Tsingtao Brewery 600600.SS | China | $9.03B | -16% | -4% | 16% | 16.2× | -5.1% | +3.4% |
| Anhui Yingjia Distillery 603198.SS | China | $5.35B | +17% | 0% | 41% | 17.1× | 5.3% | +11.7% |
| Sapporo Breweries 2501.T | Japan | $5.34B | +24% | -6% | 5% | 2.8× | 14.8% | +3.1% |
| Bud Apac 1876.HK | Hong Kong | $10.7B | -16% | -3% | 15% | 20.1× | -0.9% | +0.7% |
| United Spirits UNITDSPR.NS | India | $10.9B | +11% | 0% | 15% | 53.0× | 44.2% | +8.9% |
| Beijing Yanjing Brewery 000729.SZ | China | $4.82B | -14% | +7% | 16% | 15.7× | -4.2% | +7.3% |
| Takara 2531.T | Japan | $3.84B | +75% | +9% | 4% | 34.6× | n/a | n/a |
| Brown–Forman BF-B | United States | $14.2B | +11% | 0% | 29% | 17.9× | -5.1% | +2.7% |
| Treasury Wine Estates TWE.AX | Australia | $3.56B | +52% | -12% | 17% | 18.4× | 9.3% | -0.4% |
| Kirin 2503.T | Japan | $15.2B | +21% | +6% | 11% | 13.7× | -4.2% | +5.6% |
| ZJLD 6979.HK | Hong Kong | $3.41B | -3% | -29% | 13% | 27.6× | n/a | n/a |
| Royal Unibrew A/S RBREW.CO | Denmark | $3.37B | +11% | +3% | 14% | 13.3× | -7.1% | +16.5% |