002646.SHE Qinghai Huzhu Barley Wine Co Ltd
- Market cap
- CNY 3.14B
- P/E
- -
- P/B
- 1.12x
- ROE
- -1.8%
- Dividend yield
- 0.22%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is 002646.SHE undervalued?
Graham numberThe Graham number of Qinghai Huzhu Barley Wine Co Ltd cannot be estimated reliably (it needs positive earnings and book value).
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?
Qinghai Huzhu Barley Wine Co Ltd fundamental analysis
No fundamental analysis for Qinghai Huzhu Barley Wine Co Ltd yet.
Qinghai Huzhu Barley Wine Co Ltd stock price
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About Qinghai Huzhu Barley Wine Co Ltd
Qinghai Huzhu TianYouDe Highland Barley Spirit Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of alcoholic beverages in China and internationally. The company operates through Production and Sales of Highland Barley Wine; Wine Production and Sales; and E-Commerce Business segments. It offers highland barley liquor products; highland barley wines; oak-aged, organic, and low-alcohol highland barley spirits; and whisky prod…
Full company profileQinghai Huzhu Barley Wine 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.
Qinghai Huzhu Barley Wine 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 | 1.44B | 1.32B | 1.35B | 1.25B | 764M | 1.05B | 980M | 1.21B | 1.25B | 1.10B | 961M |
| Gross Profit | 919M | 867M | 899M | 808M | 489M | 665M | 608M | 763M | 751M | 641M | 572M |
| Operating Income | 295M | -67.9M | 165M | 58.0M | -116M | 94.4M | 112M | 153M | 76.3M | 39.4M | -15.4M |
| EBITDA | 345M | 9.73M | 235M | 135M | -48.3M | 172M | 194M | 229M | 149M | 112M | -33.5M |
| Net Income | 216M | -94.2M | 108M | 36.1M | -115M | 63.2M | 75.7M | 89.6M | 42.1M | 4.30M | -51.7M |
| EPS | 0.48 | -0.21 | 0.24 | 0.08 | -0.26 | 0.14 | 0.16 | 0.19 | 0.09 | 0.01 | -0.11 |
| Balance Sheet | |||||||||||
| Total Assets | 3.16B | 2.66B | 2.94B | 2.81B | 2.66B | 3.22B | 3.20B | 3.33B | 3.34B | 3.19B | 3.08B |
| Total Liabilities | 698M | 366M | 563M | 446M | 432M | 527M | 462M | 525M | 549M | 377M | 302M |
| Shareholders' Equity | 2.48B | 2.31B | 2.39B | 2.37B | 2.25B | 2.72B | 2.76B | 2.82B | 2.81B | 2.83B | 2.79B |
| Cash & Short-term Investments | 387M | 335M | 490M | 387M | 247M | 647M | 499M | 524M | 364M | 201M | 232M |
| Total Debt | 180M | - | 100M | 100M | 134M | 177M | 135M | 198M | 124M | - | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | 326M | 28.2M | 106M | -108M | -78.8M | 70.6M | -3.34M | 104M | 18.7M | 15.6M | - |
| Capital Expenditure | 165M | 190M | 80.2M | 114M | 82.7M | 85.8M | 63.9M | 96.1M | 103M | 78.2M | 33.3M |
| Free Cash Flow | 161M | -162M | 25.8M | -222M | -161M | -15.1M | -67.3M | 7.81M | -84.4M | -62.7M | 91.9M |
| Ratios | |||||||||||
| ROE | 8.7% | -4.1% | 4.5% | 1.5% | -5.1% | 2.3% | 2.7% | 3.2% | 1.5% | 0.2% | -1.8% |
| ROA | 6.8% | -3.5% | 3.7% | 1.3% | -4.3% | 2.0% | 2.4% | 2.7% | 1.3% | 0.1% | -1.7% |
| Net Profit Margin | 15.0% | -7.1% | 8.0% | 2.9% | -15.1% | 6.0% | 7.7% | 7.4% | 3.4% | 0.4% | -5.4% |
| Debt to Equity | 0.07x | - | 0.04x | 0.04x | 0.06x | 0.07x | 0.05x | 0.07x | 0.04x | - | - |
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.
Qinghai Huzhu Barley Wine Co Ltd dividends
- Dividend yield
- 0.22%
- Forward dividend
- 0.01 CNY
- Payout ratio
- 157.3%
- Ex-dividend date
- Jul 7, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | CNY 6.76M | 0.01 | 157.3% |
| 2024 | CNY 79.1M | 0.17 | 187.8% |
| 2023 | CNY 30.2M | 0.06 | 33.7% |
| 2022 | CNY 23.6M | 0.05 | 31.2% |
| 2021 | CNY 3.76M | 0.01 | 6.0% |
| 2020 | CNY 13.5M | 0.03 | - |
| 2019 | CNY 54.0M | 0.12 | 149.5% |
| 2018 | CNY 35.5M | 0.08 | 33.0% |
| 2017 | CNY 78.1M | 0.17 | - |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Who owns Qinghai Huzhu Barley Wine Co Ltd
- Insiders 46.77%
- Institutions 2.49%
- Public & others 50.74%
- Shares outstanding 476M
- Free float 277M
Qinghai Huzhu Barley Wine Co Ltd company profile
- Company name
- Qinghai Huzhu Barley Wine Co Ltd
- Ticker
- 002646.SHE
- ISIN
- CNE1000019X2
- Exchange
- Shenzhen Stock Exchange
- Listed since
- Dec 22, 2011
- Sector
- Consumer Defensive
- Industry
- Beverages
- Employees
- 1,741
- Fiscal year end
- December
- Address
- No. 6, West Street, Huzhu, China, 810500
- Phone
- 86 40 0996 9969
- Website
- 002646.com
About Qinghai Huzhu Barley Wine Co Ltd
Qinghai Huzhu TianYouDe Highland Barley Spirit Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of alcoholic beverages in China and internationally. The company operates through Production and Sales of Highland Barley Wine; Wine Production and Sales; and E-Commerce Business segments. It offers highland barley liquor products; highland barley wines; oak-aged, organic, and low-alcohol highland barley spirits; and whisky products under the Tianyoude, Huzhu, Yongqinghe, Badazuofang, Shiyide, Tibetu, and Maxville brands through e-commerce platforms. It also engages in commerce; business; technology; operation, management, and sale of alcoholic beverages, food, and other products; and asset management activities. The company was formerly known as Qinghai Huzhu Barley Wine Co.,Ltd. and changed its name to Qinghai Huzhu TianYouDe Highland Barley Spirit Co., Ltd. in January 2022. Qinghai Huzhu TianYouDe Highland Barley Spirit Co., Ltd. was founded in 1373 and is based in Huzhu, China.
Qinghai Huzhu Barley Wine Co Ltd management
6- Mr. Yinhui LiChairman & GM · born 1966
- Mr. Chunguang GuoCFO & Deputy GM · born 1973
- Mr. Shengbao FengDeputy GM & Director · born 1977
- Mr. Wending FanDeputy GM & Director · born 1974
- Ms. Jie ZhaoSecretary & Non-Independent Director · born 1982
- Cui Yu YangAccounting Supervisor