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Jiangsu Yanghe Distillery Co., Ltd. 002304.SZ

CN · Shanghai Stock Exchange · XSHG · stock · Consumer Defensive · website

Jiangsu Yanghe Distillery Co., Ltd. statistics & valuation

Market capCN¥61.1B
P / E27.7×
P / S3.2×
P / B1.3×
Net margin11.5%
FCF margin-7.5%
Net cashCN¥13.1B
Enterprise value USD$7.1B
Earnings yield EBIT/EV6.8%
Return on capital6.9%
Graham number -21.2%CN¥31.99

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (CN¥31.99); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
31.20% 30.20% 23.10% 11.50% 2022202320242025
Gross margin (%)
74.60% 75.20% 73.20% 71.60% 2022202320242025
Operating margin (%)
39.10% 37.10% 30.50% 16.90% 2022202320242025
Return on equity (%)
19.80% 19.30% 12.90% 4.70% 2022202320242025
Shares outstanding
1.51B 1.51B 1.51B 1.51B 2022202320242025
Net debt (CN¥)
-CN¥24.35B -CN¥25.74B -CN¥21.68B -CN¥13.09B 2022202320242025
Share buybacks (CN¥)
2022202320242025
Return on assets (%)
13.80% 14.40% 9.90% 3.80% 2022202320242025
Free cash flow margin (%)
10.30% 15.10% 11.00% -7.50% 2022202320242025
Debt / equity (×)
0.00× 0.00× 0.00× 0.00× 2022202320242025
EPS (CN¥)
CN¥6.23 CN¥6.65 CN¥4.43 CN¥1.46 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Jiangsu Yanghe Distillery Co., Ltd. trades at about 27.7× earnings — near its 10-year norm (10-year range 13.7×–37.8×, median 28.2×).

13.7× 37.8×

Shaded band = 10-year range (13.7×–37.8×); dot = today's 27.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin71.6%73.2%75.2%74.6%
Operating margin16.9%30.5%37.1%39.1%
Net margin11.5%23.1%30.2%31.2%
FCF margin-7.5%11.0%15.1%10.3%
Return on assets3.8%9.9%14.4%13.8%
Return on equity4.7%12.9%19.3%19.8%
Debt / equity0.00×
Current ratio3.773.303.062.58

Computed from company filings · CN · as of 2025-12-31. Figures in CNY. Facts plus Stocktoria's own computed scores — not investment advice.