Jiangsu Yanghe Distillery Co Ltd Class A

002304: XSHE (CHN)

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Yanghe's Competitive Strength in Subpremium Baijiu Underpins Its Long-Term Prospects

Jennifer Song

Sep 1, 2026

Business Strategy and Outlook

Jiangsu Yanghe Brewery has been among 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 an operating margin of 38% on average over the past 10 years.

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Jiangsu Yanghe Distillery Co Ltd Class A

Yanghe's Competitive Strength in Subpremium Baijiu Underpins Its Long-Term Prospects

Business Strategy and Outlook

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