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Chinese baijiu (grain liquor) producer behind brands including Xiangjiao and Jinsixiaogao, mainly sold in southern China.
Chinese baijiu (grain liquor) producer behind brands including Xiangjiao and Jinsixiaogao, mainly sold in southern China.
Sells bottles through distributors and wholesalers rather than direct, so channel inventory and distributor demand drive orders. Its brands are mainly regional, with Guangxi at the core. Brewing and ageing take time, so output is planned in advance.
In one line: A regional Chinese Jack Daniel's/Diageo-style spirits group.
Moat: narrow (brand, distribution). Strong regional brand loyalty in southern China, but faces national baijiu majors with bigger scale.
Headquarters: Guangxi, China · Employees: 10,365
Size ZJLD (6979.HK) is a Hong Kong Consumer Staples company (Beverages: Alcoholic) with a market value of $3.41B, the 318th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$7.88 on 6 Nov 2026.
Performance Over six months the shares fell 2.6%, against +1.0% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue fell 29.0% over the last twelve months (peer median -3.9%); the operating margin is 13.3% (peer median 13.6%).
Valuation It trades at 27.6× forward earnings against a peer median of 21.9× (10th most expensive of 21).
Capital Return on invested capital runs 5.0 points below its cost of capital (8.9% WACC).
Next results Next results expected around 30 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$4.17B | HK$3.96B | HK$7.66B | HK$7.77B | HK$6.81B |
| Revenue growth | — | -48% | -1% | +14% | — |
| Gross profit | HK$2.51B | HK$2.34B | HK$4.11B | HK$4.43B | HK$3.71B |
| EBITDA | HK$963M | HK$947M | HK$2.16B | HK$2.42B | HK$1.97B |
| Net income | HK$622M | HK$584M | HK$1.44B | HK$2.57B | HK$1.20B |
| Free cash flow | -HK$508M | -HK$507M | HK$165M | -HK$220M | -HK$2.47B |
| Capital expenditure | HK$467M | HK$498M | HK$1.17B | HK$1.06B | HK$1.65B |
| Total debt | n/a | HK$1.09B | HK$574M | HK$83.4M | HK$11.6B |
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 |
|---|---|---|---|---|---|---|
| ZJLD 6979.HK | $3.41B | -3% | -29% | 13% | 27.6× | n/a |
| 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% |
| Anhui Gujing Distillery 000596.SZ | $7.29B | -2% | -28% | 17% | 21.5× | 4.3% |
| 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 | 6979.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.2% | +6.4% | 3rd lowest of 21 |
| 6-month return | -2.6% | +1.0% | 11th highest of 21 |
| Distance from 52-week high | -19.9% | -19.4% | 11th highest of 21 |
| Revenue growth (TTM) | -29.0% | -3.9% | 2nd lowest of 21 |
| Operating margin | 13.3% | 13.6% | 11th highest of 21 |
| Forward P/E | 27.6× | 21.9× | 10th most expensive of 21 |
| ROIC minus cost of capital | -5.0 pp | -0.5 pp | 4th lowest of 21 |
| EV / EBITDA | 23.6× | 18.9× | 4th most expensive of 11 |
| Net debt / EBITDA | -4.1× | 1.9× | least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| 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% |
| United Breweries UBL.NS | India | $3.33B | -17% | +7% | 6% | 65.9× | n/a | n/a |
| Treasury Wine Estates TWE.AX | Australia | $3.56B | +52% | -12% | 17% | 18.4× | 9.3% | -0.4% |
| Remy Cointreau RCO.PA | France | $3.08B | +30% | -5% | 16% | 29.2× | 17.0% | -1.5% |
| Takara 2531.T | Japan | $3.84B | +75% | +9% | 4% | 34.6× | n/a | n/a |
| Guangzhou Zhujiang Brewery 002461.SZ | China | $2.91B | -15% | +2% | 15% | 19.8× | -5.8% | +6.9% |
| Chongqing Brewery 600132.SS | China | $2.88B | -28% | -4% | 20% | 17.3× | -8.9% | +6.2% |
| Beijing Yanjing Brewery 000729.SZ | China | $4.82B | -14% | +7% | 16% | 15.7× | -4.2% | +7.3% |
| Boston Beer SAM | United States | $2.24B | +12% | -4% | 5% | 21.0× | 6.5% | +2.5% |
| Sapporo Breweries 2501.T | Japan | $5.34B | +24% | -6% | 5% | 2.8× | 14.8% | +3.1% |
| Anhui Yingjia Distillery 603198.SS | China | $5.35B | +17% | 0% | 41% | 17.1× | 5.3% | +11.7% |
| Allied Blenders and Distillers ABDL.NS | India | $2.10B | +24% | -20% | 11% | 63.5× | n/a | n/a |
| Sichuan Swellfun 600779.SS | China | $2.06B | -13% | -30% | 20% | 46.3× | 16.6% | +0.1% |
| Compania Cervecerias Unidas S.A. Sponsored ADR CCU | United States | $2.02B | -9% | +6% | 7% | 13.7× | 0.4% | +5.5% |
| Radico Khaitan RADICO.NS | India | $6.37B | +33% | +16% | 17% | 66.7× | 45.1% | +20.5% |
| Jiangsu King's Luck Brewery Joint-stock 603369.SS | China | $6.40B | +25% | -5% | 33% | 16.2× | 1.9% | +15.3% |
| Jiugui Liquor 000799.SZ | China | $1.70B | -18% | +19% | -3% | 271.1× | n/a | n/a |
| Anhui Kouzi Distillery 603589.SS | China | $1.65B | -22% | -19% | 13% | 22.9× | n/a | n/a |
| Hebei Hengshui Laobaigan Liquor 600559.SS | China | $1.64B | -12% | -17% | 11% | 30.7× | 14.2% | +2.4% |
| Shede Spirits 600702.SS | China | $1.61B | -24% | -10% | -1% | 53.4× | n/a | n/a |