Jiugui Liquor Co Ltd

Jiugui Liquor Co Ltd maintains a strong liquidity position with a current ratio of 2.62, indicating the company can cover its short-term liabilities more than two times over. However, the company reported negative operating cash flow of -208.64 million CNY and capital expenditure of -205.83 million CNY, suggesting significant reinvestment in its operations. The debt-to-equity ratio is low at 0.01, reflecting a conservative capital structure with minimal long-term debt exposure.

Profitability metrics show a return on equity (ROE) of 1.17% and a return on assets (ROA) of 0.85%, both below the industry median for Distillers & Wineries. The gross profit margin is 55.7%, but the operating margin is only 12.9%, indicating high operating costs relative to revenue. This performance suggests the company is not leveraging its asset base or equity as effectively as its peers.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification beyond China. This lack of diversification increases exposure to domestic economic and regulatory risks. No material revenue is attributed to international markets, and the company does not report segment-specific performance data.

Looking ahead, the company is expected to maintain stable revenue growth, with analysts projecting a mean price target of 40.09 CNY and a median of 46.52 CNY. The mean recommendation of 2.29 suggests a generally positive outlook, with four "buy" and one "hold" rating. However, the company's operating cash flow and capital expenditure trends indicate ongoing investment in production capacity, which may impact near-term profitability.

The company faces moderate liquidity risk due to its negative net cash position after accounting for total debt. While dilution risk is currently low, the company has not disclosed any recent share issuance or dilution plans. Analysts have not flagged any material dilution sources in the near term.

Recent filings and transcripts do not highlight any material events or strategic shifts. The company's focus remains on maintaining its premium brand positioning and expanding its domestic market share. No significant regulatory or geopolitical risks are currently impacting the company's operations.

Jiugui Liquor Co Ltd (000799.SZ) has undergone a significant update to its corporate taxonomy, now formally classified under the "Food & Beverages" activity and the "Consumer Non-Cyclicals" economic sector. This reclassification represents a medium-severity change in the company's profile, establishing a clearer framework for understanding its operational context within the broader market. Alongside these structural updates, the company’s risk assessment profile has been initialized with specific metrics. Dilution risk is now assessed as "low," indicating a stable capital structure with minimal threat of share value erosion from new issuances. This assessment provides investors with a baseline for evaluating the security of their equity position. Conversely, liquidity risk has been categorized as "medium." This designation suggests that while the company maintains operational fluidity, there are moderate considerations regarding the ease of converting assets to cash or managing short-term obligations. This balance between low dilution and medium liquidity risk offers a nuanced view of the firm's financial health. These changes collectively refine the analytical view of Jiugui Liquor, moving from an unclassified state to a defined position within the consumer staples landscape. The combination of sector alignment and specific risk ratings allows for more precise benchmarking against peers in the Food & Beverages industry, although current data shows no active analyst coverage or index membership to further contextualize these metrics.

Debt-to-equity ratio of 0.01 is in the top quartile, reflecting a highly conservative capital structure.

Seven analysts maintain a buy recommendation, suggesting institutional confidence despite recent financial volatility.

Low dilution and credit risk flags indicate minimal immediate threats to shareholder value or solvency.

The company posted a net loss of 34 million CNY in FY2026, marking a sharp deterioration in profitability.

Free cash flow turned negative at -378 million CNY in FY2026, raising concerns about liquidity sustainability.

Return on equity of 1.2% falls below the 1.4% cohort median, indicating inefficient use of shareholder capital.

Cash conversion ratio of -4.38 is in the bottom quartile, highlighting poor ability to generate cash from earnings.

Revenue ¥348.1M, +49,9% YoY; Operating income +44,8% YoY.

• ▍Revenue ¥348.1M, +49,9% YoY
• ▍Operating income +44,8% YoY
• ▍Net income +45,1% YoY
• ▍Net margin -6.9%

Revenue ¥198.5M, +0,8% YoY; Operating income +73,9% YoY.

• ▍Revenue ¥198.5M, +0,8% YoY
• ▍Operating income +73,9% YoY
• ▍Net income +70,9% YoY
• ▍Net margin -9.5%

Revenue ¥217.3M, −56,6% YoY; Operating income −147,0% YoY.

• ▍Revenue ¥217.3M, −56,6% YoY
• ▍Operating income −147,0% YoY
• ▍Net income −147,8% YoY
• ▍Net margin -10.5%

Revenue ¥344.0M; Operating income ¥42.4M.

• ▍Revenue ¥344.0M
• ▍Operating income ¥42.4M
• ▍Net margin 9.2%

Revenue ¥232.3M; Operating income -¥61.0M.

• ▍Revenue ¥232.3M
• ▍Operating income -¥61.0M
• ▍Net margin -18.9%

Revenue ¥196.9M; Operating income -¥86.6M.

• ▍Revenue ¥196.9M
• ▍Operating income -¥86.6M
• ▍Net margin -32.8%

Revenue ¥500.2M; Operating income ¥64.5M.

• ▍Revenue ¥500.2M
• ▍Operating income ¥64.5M
• ▍Net margin 9.5%

Revenue ¥1.11B, −22,2% YoY; Operating income −371,9% YoY.

• ▍Revenue ¥1.11B, −22,2% YoY
• ▍Operating income −371,9% YoY
• ▍Net income −371,8% YoY
• ▍Free cash flow +44,2% YoY
• ▍Net margin -3.1%

Revenue ¥1.42B, −49,7% YoY; Operating income −97,8% YoY.

• ▍Revenue ¥1.42B, −49,7% YoY
• ▍Operating income −97,8% YoY
• ▍Net income −97,7% YoY
• ▍Free cash flow −271,1% YoY
• ▍Net margin 0.9%

Revenue ¥2.83B, −30,1% YoY; Operating income −48,0% YoY.

• ▍Revenue ¥2.83B, −30,1% YoY
• ▍Operating income −48,0% YoY
• ▍Net income −47,8% YoY
• ▍Free cash flow −142,4% YoY
• ▍Net margin 19.4%

Revenue ¥4.05B, +18,6% YoY; Operating income +17,4% YoY.

• ▍Revenue ¥4.05B, +18,6% YoY
• ▍Operating income +17,4% YoY
• ▍Net income +17,4% YoY
• ▍Free cash flow −20,9% YoY
• ▍Net margin 25.9%

Revenue ¥3.41B; Operating income ¥1.19B.

• ▍Revenue ¥3.41B
• ▍Operating income ¥1.19B
• ▍Net margin 26.2%