Anhui Gujing Distillery Co Ltd

The company maintains a strong liquidity position with a current ratio of 2.1, indicating sufficient short-term assets to cover liabilities. However, net cash is negative after subtracting total debt, signaling potential liquidity constraints. The debt-to-equity ratio is 0.01, reflecting a conservative capital structure with minimal leverage. Operating cash flow of 4.01 billion CNY supports ongoing operations and provides flexibility for reinvestment.

Profitability metrics show a return on equity of 6.63% and a return on assets of 4.12%, both below the industry median for Distillers & Wineries. The gross margin of 65.1% is in line with industry norms, but operating margin of 39.2% is slightly below the median, suggesting room for operational efficiency improvements.

Revenue is concentrated in a single business segment focused on baijiu production and sales, with geographic exposure primarily in China. No material revenue is derived from international markets, and the company does not disclose segment-specific revenue breakdowns.

The company reported revenue of 5.52 billion CNY in the latest period, with no prior-year data provided for growth analysis. Analysts project a mean price target of 151.19 CNY, with a median of 143.00 CNY, indicating moderate upside potential.

Liquidity risk is rated as medium due to the negative net cash position, while dilution risk is low. No dilutive events were identified in the latest filings, and shares outstanding remain unchanged between basic and diluted counts. The company has not disclosed recent capital-raising activities or share buybacks.

Recent filings and transcripts do not include material events or strategic announcements. Analysts have issued 4 strong-buy and 5 buy recommendations, with only 1 hold, suggesting a generally positive outlook.

Anhui Gujing Distillery Co Ltd (000596.SZ) has undergone a significant update to its risk and classification profile, with the most material changes being the formal assignment of its economic sector and activity taxonomy. The company is now explicitly classified within the "Consumer Non-Cyclicals" economic sector and the "Food & Beverages" activity category. This structural clarification provides a clearer framework for understanding the firm's operational context within the broader consumer landscape. Alongside these taxonomic updates, the company’s risk assessment metrics have been initialized. The dilution risk is now rated as "low," indicating a stable capital structure with minimal threat of share value erosion from new issuances. Conversely, the liquidity risk has been assessed as "medium," suggesting that while the company maintains operational fluidity, there are moderate considerations regarding its short-term asset conversion or cash flow management that warrant monitoring. These changes are significant as they establish a baseline for financial analysis, moving from undefined fields to specific, actionable metrics. The classification into Consumer Non-Cyclicals aligns with the defensive nature of the distillery business, which typically exhibits resilience during economic downturns. The low dilution risk further supports investor confidence in the preservation of equity value, while the medium liquidity risk highlights an area where management efficiency and cash reserves are critical. Currently, the company is tracked by two analysts, though it holds no index memberships or disclosed top holders in the available data. The absence of officer count data and specific holder information limits the depth of governance and ownership analysis, but the newly defined risk and sector parameters offer a more robust foundation for evaluating Anhui Gujing Distillery’s position in the market. These updates ensure that future financial assessments are grounded in a consistent and transparent classification system.

Analysts project 54.9% upside to a mean price target of 151.19, reflecting strong consensus buy recommendations.

The company maintains a negligible debt-to-equity ratio of 0.01, providing substantial financial flexibility and low leverage risk.

Cash conversion of 2.66 is well above the cohort median of 0.92, demonstrating strong ability to turn earnings into cash.

Long-term debt increases to 582 million CNY in 2026, more than doubling from the 266 million CNY level in 2025.

The company faces medium liquidity risk, which could constrain operations during the projected period of negative cash flow.

Revenue ¥7.45B, −18,6% YoY; Operating income −30,5% YoY.

• ▍Revenue ¥7.45B, −18,6% YoY
• ▍Operating income −30,5% YoY
• ▍Net income −31,0% YoY
• ▍Net margin 21.6%

Revenue ¥2.41B, −46,6% YoY; Operating income −135,3% YoY.

• ▍Revenue ¥2.41B, −46,6% YoY
• ▍Operating income −135,3% YoY
• ▍Net income −153,3% YoY
• ▍Net margin -17.1%

Revenue ¥4.73B, −14,2% YoY; Operating income −13,8% YoY.

• ▍Revenue ¥4.73B, −14,2% YoY
• ▍Operating income −13,8% YoY
• ▍Net income −11,6% YoY
• ▍Net margin 28.1%

Revenue ¥9.15B; Operating income ¥3.17B.

• ▍Revenue ¥9.15B
• ▍Operating income ¥3.17B
• ▍Net margin 25.5%

Revenue ¥4.51B; Operating income ¥1.09B.

• ▍Revenue ¥4.51B
• ▍Operating income ¥1.09B
• ▍Net margin 17.1%

Revenue ¥5.26B; Operating income ¥1.67B.

• ▍Revenue ¥5.26B
• ▍Operating income ¥1.67B
• ▍Net margin 22.3%

Revenue ¥5.52B; Operating income ¥2.17B.

• ▍Revenue ¥5.52B
• ▍Operating income ¥2.17B
• ▍Net margin 27.3%

Revenue ¥18.83B, −20,1% YoY; Operating income −35,0% YoY.

• ▍Revenue ¥18.83B, −20,1% YoY
• ▍Operating income −35,0% YoY
• ▍Net income −35,7% YoY
• ▍Free cash flow −131,8% YoY
• ▍Net margin 18.8%

Revenue ¥23.58B, +16,4% YoY; Operating income +23,3% YoY.

• ▍Revenue ¥23.58B, +16,4% YoY
• ▍Operating income +23,3% YoY
• ▍Net income +20,2% YoY
• ▍Free cash flow +27,4% YoY
• ▍Net margin 23.4%

Revenue ¥20.25B, +21,2% YoY; Operating income +40,9% YoY.

• ▍Revenue ¥20.25B, +21,2% YoY
• ▍Operating income +40,9% YoY
• ▍Net income +46,0% YoY
• ▍Free cash flow +42,1% YoY
• ▍Net margin 22.7%

Revenue ¥16.71B, +25,9% YoY; Operating income +44,1% YoY.

• ▍Revenue ¥16.71B, +25,9% YoY
• ▍Operating income +44,1% YoY
• ▍Net income +36,8% YoY
• ▍Free cash flow −40,4% YoY
• ▍Net margin 18.8%

Revenue ¥13.27B; Operating income ¥3.09B.

• ▍Revenue ¥13.27B
• ▍Operating income ¥3.09B
• ▍Net margin 17.3%