Shanxi Xinghuacun Fen Wine Factory Co Ltd Class A

600809: XSHG (CHN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Shanxi Fen Wine Earnings: Growth Slows but Still Outpaces Sector; Dividend Commitment Welcomed

Jennifer Song

Apr 23, 2026

Shanxi Fen Wine reported 7.5% revenue growth and flat net profit in 2025. The firm committed to a minimum 65% payout ratio for 2025-27, up from an average of 54% over the prior three years.

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Shanxi Xinghuacun Fen Wine Factory Co Ltd Class A

Shanxi Fen Wine Earnings: Growth Slows but Still Outpaces Sector; Dividend Commitment Welcomed

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