002304.SHE Jiangsu Yanghe Brewery Joint-Stock Co Ltd
- Market cap
- CNY 55.8B
- P/E
- 926.0x
- P/B
- 1.20x
- ROE
- 5.3%
- Dividend yield
- 12.55%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is 002304.SHE undervalued?
Graham numberThe Graham number of Jiangsu Yanghe Brewery Joint-Stock Co Ltd cannot be estimated reliably (the estimate is too far from the market price).
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
Jiangsu Yanghe Brewery Joint-Stock Co Ltd fundamental analysis
No fundamental analysis for Jiangsu Yanghe Brewery Joint-Stock Co Ltd yet.
Jiangsu Yanghe Brewery Joint-Stock Co Ltd stock price
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About Jiangsu Yanghe Brewery Joint-Stock Co Ltd
Jiangsu Yanghe Distillery Co., Ltd. engages in the production and sale of Chinese liquor. It offers liquor and wine, including dream blue, sujiu, sky blue, zhenbaofang, ocean blue, yanghe daqu, shuanggou daqu, guijiu, and sidus wine under the Yanghe, Shuang Gou, Noble Wine, and Pear Blossom Village brands. The company was formerly known as Jiangsu Yanghe Brewery Joint-Stock Co., Ltd. and changed its name to Jiangsu Yanghe Distillery Co., Ltd. in June 2024. Jiangsu Yanghe Dis…
Full company profileJiangsu Yanghe Brewery Joint-Stock Co Ltd financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 3 quarters up to Sep 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Jiangsu Yanghe Brewery Joint-Stock Co Ltd annual financial statements (CNY; K = thousand, M = million, B = billion, T = trillion)
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 17.2B | 19.9B | 24.2B | 23.1B | 21.1B | 25.4B | 30.1B | 33.1B | 28.9B | 19.2B | 15.8B |
| Gross Profit | 10.9B | 13.2B | 17.8B | 16.4B | 15.2B | 19.0B | 22.4B | 24.9B | 21.1B | 13.8B | 11.3B |
| Operating Income | 7.72B | 8.84B | 10.8B | 9.76B | 9.90B | 9.99B | 12.5B | 13.2B | 9.16B | 3.25B | 3.20B |
| EBITDA | 7.94B | 8.90B | 10.6B | 9.36B | 8.02B | 10.1B | 12.4B | 12.9B | 9.38B | 4.19B | 3.44B |
| Net Income | 5.83B | 6.63B | 8.12B | 7.38B | 7.48B | 7.51B | 9.38B | 10.0B | 6.67B | 2.21B | 2.44B |
| EPS | 3.87 | 4.40 | 5.39 | 4.90 | 4.98 | 4.98 | 6.23 | 6.65 | 4.43 | 1.46 | 1.62 |
| Balance Sheet | |||||||||||
| Total Assets | 38.8B | 43.3B | 50.0B | 53.5B | 53.9B | 67.8B | 68.0B | 69.8B | 67.3B | 58.6B | 55.6B |
| Total Liabilities | 12.8B | 13.8B | 16.0B | 17.0B | 15.4B | 25.3B | 20.4B | 17.7B | 15.7B | 11.7B | 9.09B |
| Shareholders' Equity | 26.1B | 29.5B | 34.0B | 36.5B | 38.5B | 42.5B | 47.5B | 51.9B | 51.6B | 46.8B | 46.4B |
| Cash & Short-term Investments | 12.6B | 15.1B | 21.5B | 22.3B | 21.5B | 31.9B | 32.4B | 31.7B | 28.1B | 13.3B | 9.84B |
| Total Debt | 960M | 145K | 109K | 72.7K | 6.56M | 10.8M | 3.72M | 48.7M | 40.1M | - | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | 7.41B | 6.88B | 9.06B | 6.80B | 3.98B | 15.3B | 3.65B | 6.13B | 4.63B | -763M | - |
| Capital Expenditure | 480M | 325M | 471M | 317M | 353M | 424M | 539M | 1.11B | 1.45B | 678M | 500M |
| Free Cash Flow | 6.92B | 6.56B | 8.59B | 6.48B | 3.63B | 14.9B | 3.11B | 5.02B | 3.17B | -1.44B | -346M |
| Ratios | |||||||||||
| ROE | 22.4% | 22.5% | 23.9% | 20.2% | 19.4% | 17.7% | 19.8% | 19.3% | 12.9% | 4.7% | 5.3% |
| ROA | 15.0% | 15.3% | 16.2% | 13.8% | 13.9% | 11.1% | 13.8% | 14.4% | 9.9% | 3.8% | 4.4% |
| Net Profit Margin | 33.9% | 33.3% | 33.6% | 31.9% | 35.5% | 29.6% | 31.2% | 30.2% | 23.1% | 11.5% | 15.5% |
| Debt to Equity | 0.04x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | - | - |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Total Debt
- Short and long-term borrowings.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
- Debt to Equity
- Total debt divided by shareholders' equity.
Jiangsu Yanghe Brewery Joint-Stock Co Ltd dividends
- Dividend yield
- 12.55%
- Forward dividend
- 1.47 CNY
- Payout ratio
- 317.4%
- Ex-dividend date
- Jun 30, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | CNY 7.00B | 4.65 | 317.4% |
| 2024 | CNY 7.02B | 4.66 | 105.2% |
| 2023 | CNY 5.63B | 3.74 | 56.3% |
| 2022 | CNY 4.52B | 3.00 | 48.2% |
| 2021 | CNY 4.49B | 2.98 | 59.8% |
| 2020 | CNY 4.50B | 3.00 | 60.2% |
| 2019 | CNY 4.82B | 3.20 | 65.3% |
| 2018 | CNY 3.84B | 2.55 | 47.4% |
| 2017 | CNY 3.16B | 2.10 | 47.8% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 14:10 on Jun 18, 2015.
Who owns Jiangsu Yanghe Brewery Joint-Stock Co Ltd
- Insiders 65.83%
- Institutions 9.06%
- Public & others 25.11%
- Shares outstanding 1.51B
- Free float 515M
Jiangsu Yanghe Brewery Joint-Stock Co Ltd company profile
- Company name
- Jiangsu Yanghe Brewery Joint-Stock Co Ltd
- Ticker
- 002304.SHE
- ISIN
- CNE100000HB8
- Exchange
- Shenzhen Stock Exchange
- Listed since
- Nov 6, 2009
- Sector
- Consumer Defensive
- Industry
- Beverages
- Employees
- 22,392
- Fiscal year end
- December
- Address
- No.118 Jiudu Avenue, Suqian, China, 223800
- Phone
- 86 52 7849 38128
- Website
- chinayanghe.com
About Jiangsu Yanghe Brewery Joint-Stock Co Ltd
Jiangsu Yanghe Distillery Co., Ltd. engages in the production and sale of Chinese liquor. It offers liquor and wine, including dream blue, sujiu, sky blue, zhenbaofang, ocean blue, yanghe daqu, shuanggou daqu, guijiu, and sidus wine under the Yanghe, Shuang Gou, Noble Wine, and Pear Blossom Village brands. The company was formerly known as Jiangsu Yanghe Brewery Joint-Stock Co., Ltd. and changed its name to Jiangsu Yanghe Distillery Co., Ltd. in June 2024. Jiangsu Yanghe Distillery Co., Ltd. was founded in 2002 and is headquartered in Suqian, China.
Jiangsu Yanghe Brewery Joint-Stock Co Ltd management
10- Mr. Yu GuChairman, CEO & President · born 1978
- Mr. Qiu Ming YinVP & CFO · born 1972
- Mr. Jun ChenVP & Director · born 1976
- Ms. Hongzhen LuBoard Secretary · born 1978
- Mr. Taisong ChenVice President · born 1968
- Mr. Yuling LiVice President · born 1970
- Mr. Xiaolu FanVice President · born 1984
- Mr. Xueqian ZhangVice President · born 1969
- Ms. Zhimin SongVice President · born 1975
- Mr. Guansheng ZhaoHead of Accounting Department