Sichuan Swellfun Co Ltd
Sichuan Swellfun Co Ltd operates in the beverages industry within the Consumer Staples sector, generating revenue through the sale of alcoholic and non-alcoholic products.
Business. Sichuan Swellfun Co Ltd operates in the beverages industry within the Consumer Staples sector, generating revenue through the sale of alcoholic and non-alcoholic products.
Analyst recommendations
13 analysts · consensus BuyAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Sichuan Swellfun Co Ltd operates in the beverages industry within the Consumer Staples sector, generating revenue through the sale of alcoholic and non-alcoholic products.
Sichuan Swellfun maintains a conservative capital structure with a debt-to-equity ratio of 0.20 and a current ratio of 1.48, indicating adequate short-term liquidity coverage. The company holds total equity of CNY 5.11 billion against total liabilities of CNY 3.32 billion, with long-term debt standing at CNY 1.05 billion. Despite this balance sheet strength, the firm faces a liquidity risk flag due to negative net cash after subtracting total debt, resulting in a medium liquidity risk assessment.
Profitability metrics show a return on equity of 7.94% and a return on assets of 4.81%, which are modest returns for a consumer staples entity. The company generated net income of CNY 405.9 million on revenue of CNY 3.04 billion, yielding a net margin of approximately 13.4%. Operating income was CNY 581.8 million, reflecting an operating margin of roughly 19.1%, while gross profit stood at CNY 1.99 billion, indicating a gross margin of approximately 65.5%.
Revenue concentration and segment details are not explicitly provided in the available data, preventing a detailed analysis of product mix or geographic exposure. The company is identified as operating in the beverages industry, suggesting exposure to consumer discretionary spending patterns and regulatory environments typical of the alcohol and beverage sector.
Growth trajectory analysis is limited by the absence of historical period data in the input, preventing a year-over-year or quarter-over-quarter trend assessment. The current financial snapshot reflects a single normalized period, offering a static view of performance rather than a dynamic growth profile.
Key risk factors include medium liquidity risk and low dilution risk, with the primary concern being the negative net cash position after debt subtraction. The company’s operating cash flow is negative at CNY -624.3 million, and free cash flow is negative at CNY -793.5 million, driven by capital expenditures of CNY -264.6 million. This cash burn suggests potential reliance on external financing or existing cash reserves to fund operations and investments.
Recent events and management signals are not detailed in the available filing, news, or transcript observations, limiting the ability to assess recent strategic shifts or market reactions. The absence of specific news or filing observations means the analysis relies solely on the financial and classification data provided.
- The company exhibits strong gross margins (~65.5%) but faces negative operating and free cash flow, indicating potential working capital or investment pressures.
- Low leverage (debt-to-equity of 0.20) provides a buffer, but negative net cash after debt raises medium liquidity risk.
- Valuation multiples are elevated, with a P/E of 33.15 and EV/EBITDA of 24.93, suggesting high growth expectations or premium pricing.
- Dilution risk is assessed as low, with basic and diluted shares outstanding being identical.
- Lack of historical data prevents trend analysis, and segment details are missing, limiting deeper operational insights.
Bull / Bear case
Generated · model-assistedAnalysts project 27.1% upside to a mean price target of 39.25, reflecting strong market confidence in the company's future performance.
Net margin of 13.36% ranks in the top quartile, outperforming the cohort median of 5.27% and indicating efficient cost management.
Low dilution and credit risk flags suggest a stable capital structure with minimal threat to existing shareholder value.
Free cash flow turns negative to -793.5 million CNY in FY2026, indicating a critical deterioration in liquidity generation.
Long-term debt surges to 1.05 billion CNY in FY2026, a massive increase from 2.2 million CNY in FY2025.
Cash conversion ratio of -1.54 places the company in the bottom quartile, highlighting poor cash generation efficiency.
In focus — financials by report
Revenue ¥689.7M; Operating income ¥175.0M.
- ▍Revenue ¥689.7M
- ▍Operating income ¥175.0M
- ▍Net margin 11.6%
Revenue ¥850.3M; Operating income ¥290.2M.
- ▍Revenue ¥850.3M
- ▍Operating income ¥290.2M
- ▍Net margin 25.9%
Revenue ¥538.9M; Operating income -¥139.9M.
- ▍Revenue ¥538.9M
- ▍Operating income -¥139.9M
- ▍Net margin -15.8%
Revenue ¥3.04B, −41,8% YoY; Operating income −68,1% YoY.
- ▍Revenue ¥3.04B, −41,8% YoY
- ▍Operating income −68,1% YoY
- ▍Net income −69,7% YoY
- ▍Free cash flow −215,5% YoY
- ▍Net margin 13.4%
Revenue ¥5.22B, +5,3% YoY; Operating income +7,3% YoY.
- ▍Revenue ¥5.22B, +5,3% YoY
- ▍Operating income +7,3% YoY
- ▍Net income +5,7% YoY
- ▍Free cash flow +642,0% YoY
- ▍Net margin 25.7%
Revenue ¥4.95B, +6,0% YoY; Operating income +4,0% YoY.
- ▍Revenue ¥4.95B, +6,0% YoY
- ▍Operating income +4,0% YoY
- ▍Net income +4,4% YoY
- ▍Free cash flow +24,4% YoY
- ▍Net margin 25.6%
Revenue ¥4.67B, +0,9% YoY; Operating income −2,1% YoY.
- ▍Revenue ¥4.67B, +0,9% YoY
- ▍Operating income −2,1% YoY
- ▍Net income +1,4% YoY
- ▍Free cash flow −74,8% YoY
- ▍Net margin 26.0%
Revenue ¥4.63B; Operating income ¥1.67B.
- ▍Revenue ¥4.63B
- ▍Operating income ¥1.67B
- ▍Net margin 25.9%
Valuation FY
Revenue by segment
Business relationships
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Peer comparison
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Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 1,22 |
| Revenue | —no estimate | —no estimate | 3,5B CNY |
| Operating income | —no estimate | —no estimate | 763,9M CNY |
Options
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sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
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Risk factors
- Net cash is negative after subtracting total debt.
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- Reference data
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Market Capmarket_price * shares_outstanding_diluted
- Ev To Revenueenterprise_value / revenue
- Return On Assetsnet_income / total_assets
- Price To Tangible Bookmarket_price / (tangible_book_value / shares_outstanding_diluted)
- Price To Earningsmarket_price / (net_income / shares_outstanding_diluted)
- Sichuan Swellfun Co Ltd Market data — financials · 2026-07-11