Jiangsu Yanghe Distillery Co Ltd Class A

002304: XSHE (CHN)

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Yanghe's Competitiveness and Leadership in Subpremium Baijiu Underpin Its Long-Term Prospects

Jennifer Song

Mar 11, 2026

Business Strategy and Outlook

Jiangsu Yanghe Brewery has become one of China's top five distilleries by revenue since 2008. Thanks to its strong brand equity and solid management execution, Yanghe has become the leader in the midrange to premium segment and enjoys sound profitability, with operating margin of 41% on average over the past 10 years.

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Jiangsu Yanghe Distillery Co Ltd Class A

Yanghe's Competitiveness and Leadership in Subpremium Baijiu Underpin Its Long-Term Prospects

Business Strategy and Outlook

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