Jiangsu Yanghe Distillery Co Ltd Class A
002304: XSHE (CHN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
¥539.00 | Crzbv | Tzzssmtzc |
Yanghe's Profit Growth Is Accelerating
Business Strategy and Outlook
Jiangsu Yanghe Brewery has become China's third-largest distillery by revenue since its IPO in 2009. Thanks to its strong brand equity and solid management execution, Yanghe has become the leader in the mid-range to premium segment and enjoys sound profitability, with operating margin of 42% on average over the past five-year average.