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Chinese beverage company best known for its RIO brand of ready-to-drink flavored alcoholic cocktails (TradingView's specialty-chemicals label is inaccurate).
Chinese beverage company best known for its RIO brand of ready-to-drink flavored alcoholic cocktails (TradingView's specialty-chemicals label is inaccurate).
Sells RIO ready-to-drink cocktails through retailer and convenience-store channels, so income depends on volumes and promotion spending. The company began as a flavor and fragrance maker, which explains its chemicals classification on data screens.
In one line: A Chinese White Claw/Mike's Hard Lemonade maker.
Moat: narrow (brand, distribution). RIO is the dominant, most recognized RTD cocktail brand in China with broad retail distribution.
Headquarters: Shanghai, China · Employees: 1,769
Size Shanghai Bairun Investment (002568.SZ) is a China Materials company (Chemicals: Specialty) with a market value of $2.82B, the 910th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥17.63 on 6 Nov 2026.
Performance Over six months the shares fell 7.5%, against -12.2% for the median peer and -16.4% for the China market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 8.4% over the last twelve months (peer median +8.4%); the operating margin is 27.6% (peer median 10.2%).
Valuation It trades at 24.2× forward earnings against a peer median of 18.8× (7th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 14% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is +6 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 5.0 points above its cost of capital (9.5% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.18B | CN¥2.78B | CN¥2.89B | CN¥3.11B | CN¥2.45B |
| Revenue growth | — | -4% | -7% | +27% | — |
| Gross profit | CN¥2.37B | CN¥1.77B | CN¥1.90B | CN¥1.96B | CN¥1.45B |
| EBITDA | n/a | CN¥1.08B | CN¥1.10B | CN¥1.18B | CN¥767M |
| Net income | CN¥750M | CN¥637M | CN¥719M | CN¥809M | CN¥521M |
| Free cash flow | CN¥261M | CN¥447M | -CN¥160M | -CN¥549M | CN¥280M |
| Capital expenditure | CN¥496M | CN¥434M | CN¥836M | CN¥1.11B | CN¥624M |
| Total debt | CN¥2.73B | CN¥2.39B | CN¥2.30B | CN¥1.93B | CN¥1.44B |
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 |
|---|---|---|---|---|---|---|
| Shanghai Bairun Investment 002568.SZ | $2.82B | -8% | +8% | 28% | 24.2× | 14.5% |
| Anheuser-Busch InBev SA/NV Sponsored ADR BUD | $168B | +5% | +7% | 26% | 18.9× | 2.7% |
| Boston Beer SAM | $2.24B | +12% | -4% | 5% | 21.0× | 6.5% |
| Diageo DGE.L | $56.3B | +25% | -6% | 29% | 15.2× | -0.9% |
| Pernod Ricard RI.PA | $20.0B | +16% | -14% | 26% | 12.5× | 2.1% |
| Asahi Group Hldgs 2502.T | $16.4B | +10% | +3% | 9% | 13.1× | 1.8% |
| Kirin 2503.T | $15.2B | +21% | +6% | 11% | 13.7× | -4.2% |
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 | 002568.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -10.0% | -5.4% | 8th lowest of 21 |
| 6-month return | -7.5% | -12.2% | 8th highest of 21 |
| Distance from 52-week high | -35.9% | -35.0% | 11th highest of 21 |
| Revenue growth (TTM) | +8.4% | +8.4% | 11th highest of 21 |
| Operating margin | 27.6% | 10.2% | 2nd highest of 21 |
| Forward P/E | 24.2× | 18.8× | 7th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 14.5% | 15.2% | 7th least demanding of 14 |
| Growth delivered (Del g) | +8.8% | +8.6% | 7th highest of 14 |
| Hurdle (Req g minus delivered) | +5.7 pp | -2.0 pp | 5th most demanding of 14 |
| ROIC minus cost of capital | +5.0 pp | -0.1 pp | 4th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shanghai Bairun Investment 002568.SZ | China | $2.82B | -8% | +8% | 28% | 24.2× | 14.5% | +8.8% |
| Qingdao Gon Technology 002768.SZ | China | $2.83B | +48% | +15% | 7% | 17.7× | n/a | n/a |
| PI Industries PIIND.NS | India | $2.79B | -44% | -15% | 13% | 22.7× | n/a | n/a |
| Beijing Easpring Material Technology 300073.SZ | China | $2.86B | -45% | +116% | 5% | 18.8× | n/a | n/a |
| Sichuan Qiaoyuan Gas 301286.SZ | China | $2.88B | -4% | +8% | 26% | 73.4× | 31.8% | +8.0% |
| K+s SDF.DE | Germany | $2.68B | -13% | +6% | 34% | 11.7× | n/a | n/a |
| XTC New Energy Materials (Xiamen) 688778.SS | China | $3.01B | -52% | +78% | 4% | 19.2× | 16.0% | +20.0% |
| Guizhou Chanhen Chemical 002895.SZ | China | $2.64B | -20% | +15% | 18% | 12.9× | 2.4% | +36.1% |
| Nifco 7988.T | Japan | $2.62B | +6% | +4% | 14% | 11.7× | -3.5% | +6.6% |
| China Petroleum Engineering 600339.SS | China | $2.60B | -24% | +8% | 1% | 26.7× | n/a | n/a |
| Quaker Houghton KWR | United States | $2.58B | +2% | +9% | 9% | 16.9× | 16.3% | +5.9% |
| Hubei Zhenhua Chemical 603067.SS | China | $2.56B | -35% | +31% | 11% | 23.6× | n/a | n/a |
| Shanghai Haoyuan Chemexpress 688131.SS | China | $3.11B | +30% | +28% | 13% | 59.6× | 32.0% | +35.2% |
| Kemira KEMIRA.HE | Finland | $2.55B | -8% | -3% | 8% | 16.0× | 3.9% | +2.6% |
| Luxi Chemical 000830.SZ | China | $3.13B | -36% | -1% | 4% | 12.1× | -1.4% | +10.6% |
| Hawkins HWKN | United States | $3.14B | -10% | +9% | 11% | 33.9× | 15.2% | +12.7% |
| Levima Advanced Materials 003022.SZ | China | $3.17B | -34% | +66% | 10% | 30.1× | n/a | n/a |
| Bloomage Biotechnology 688363.SS | China | $2.49B | -16% | -22% | 5% | 55.6× | 20.8% | +9.8% |
| Daicel 4202.T | Japan | $2.48B | +24% | +2% | 7% | 11.1× | 6.1% | +8.1% |
| Shandong Dongyue Silicone Material 300821.SZ | China | $2.43B | -11% | +13% | 13% | n/a | 20.7% | +8.6% |
| Hexpol HPOL-B.ST | Sweden | $3.30B | +28% | -1% | 14% | 15.6× | 3.1% | +7.6% |