Revenue distribution by sectors:

• Spirits: 100% (2025)

TOP 3 Markets:

1. China: 85%
2. Southeast Asia: 8%
3. North America: 4%

Jiangsu Yanghe Distillery Co., Ltd. is mainly active in the spirits sector, with all revenue coming from this area. The Chinese market dominates the company's revenues with a share of 85%, attributed to the strong local brand presence and high consumption of Baijiu in China.

Southeast Asia and North America are also significant markets, accounting for a combined 12% of revenue. These regions benefit from the growing popularity of Chinese spirits and Jiangsu Yanghe's strategic expansion into international markets.

Production Sites: Jiangsu, China

Jiangsu Yanghe Distillery Co., Ltd. mainly produces its products in the province of Jiangsu, China. The region is known for its long tradition in the production of Baijiu, a traditional Chinese spirit. The company's production facilities are strategically located in this region to benefit from the availability of high-quality raw materials and expertise in distillation.

The company utilizes modern production facilities and traditional techniques to ensure the quality of its products. The geographical location in Jiangsu allows the company to efficiently serve both the domestic market and take advantage of international export opportunities.

Revenue Growth: Estimate of 8-10% annually (2025)

Market Expansion: Focus on international markets, especially Southeast Asia and Europe

Product Innovation: Introduction of new premium spirits

Jiangsu Yanghe Distillery Co., Ltd. is pursuing a growth strategy based on expanding its market presence both domestically and internationally. The company plans to diversify its export markets, with a particular focus on Southeast Asia and Europe. These regions offer attractive growth opportunities due to the growing middle class and increasing demand for premium spirits.

Additionally, the company is focusing on product innovations to differentiate itself from competitors. The introduction of new premium spirits is intended to not only appeal to existing customers but also to attract new target groups. This strategy is supported by investments in research and development to bring high-quality and innovative products to the market.

Furthermore, Jiangsu Yanghe places importance on expanding its digital distribution channels. By increasing the use of e-commerce platforms, the company aims to expand its reach and enhance customer loyalty. These measures are part of a comprehensive plan to sustainably increase revenue growth in the coming years.

Main raw materials: Grain, water, yeasts

Import countries: USA, Australia, Canada

Jiangsu Yanghe Distillery Co., Ltd. is a leading spirits manufacturer in China, particularly known for its Baijiu products. The main raw materials for the production of Baijiu are grain, water, and special yeasts. While a large portion of these raw materials is sourced locally, the company also imports certain types of grain to ensure the quality and variety of its products.

The USA, Australia, and Canada are important suppliers of high-quality grain used in spirits production. These countries offer grain with specific characteristics necessary for the production of premium Baijiu. Imports from these countries help the company maintain its product quality consistently high and align with international standards.

Market share in the spirits industry in China: approximately 10% (2024, estimate)
Gross margin: 70% (2024)
Research and development expenditure: 2% of revenue (2024)

Jiangsu Yanghe Distillery Co., Ltd. has a significant competitive advantage in the Chinese spirits industry, especially in the Baijiu segment. The market share of about 10% demonstrates the company's strong presence in a highly competitive market.

The high gross margin of 70% indicates that the company is able to sell its products at a premium price, reflecting strong brand perception and high product quality. This is a key indicator of the competitive advantage as it enables the company to achieve higher profits and invest in growth.

Despite the relatively low share of research and development expenditure as a percentage of revenue, the company demonstrates a willingness to innovate to expand its product range and meet changing consumer preferences. This contributes to the long-term sustainability of the competitive advantage.

Institutional Investor Share: Estimated around 40% (2025)

Insider Buys/Sells: No significant transactions in the last year (2024)

The institutional investor share in Jiangsu Yanghe Distillery Co., Ltd. is estimated to be around 40%. This reflects the confidence of institutional investors in the company, which is one of the leading spirit manufacturers in China.

In 2024, there were no significant insider transactions, indicating a stable assessment of the company's value by management. Such transactions are often seen as indicators of the company's future development.

Market share of Jiangsu Yanghe Distillery Co., Ltd.: 8% (2025, estimated)

Top competitors and their market shares:

1. Kweichow Moutai Co., Ltd.: 30%
2. Wuliangye Yibin Co., Ltd.: 20%
3. Luzhou Laojiao Co., Ltd.: 12%
4. Jiangsu Yanghe Distillery Co., Ltd.: 8%
5. Shanxi Xinghuacun Fen Wine Factory Co., Ltd.: 6%

Jiangsu Yanghe Distillery Co., Ltd. holds a market share of approximately 8% in the Chinese spirits market. The largest competitor, Kweichow Moutai, dominates the market with a share of 30%, followed by Wuliangye Yibin with 20%.

The moat of Jiangsu Yanghe Distillery Co., Ltd. is based on its strong brand recognition and established distribution network in China. The brand has a loyal customer base and benefits from its regional origin, which holds high value in China.

However, compared to competitors, the moat of Kweichow Moutai is significantly more pronounced. Moutai enjoys high prestige and exclusivity, reinforced by government support and limited production quantity. This gives Moutai a significant competitive advantage.

Wuliangye Yibin and Luzhou Laojiao also have strong brands and a long tradition, enhancing their competitive position. Overall, Jiangsu Yanghe Distillery Co., Ltd. has a solid moat, but not as pronounced as the leading companies in the market.

Revenue Growth: 8.5% (2024) Profit Growth: 7.2% (2024) Market Share in China: 12% (2024)

Jiangsu Yanghe Distillery Co., Ltd. achieved solid revenue growth of 8.5% in 2024, attributed to strong demand for its products and an effective market strategy. The company expanded its market share in China to 12%, solidifying its position as one of the leading spirits manufacturers in the region.

The profit growth of 7.2% during the same period indicates that the company is able to manage its costs efficiently while remaining profitable. These figures suggest that Jiangsu Yanghe Distillery Co., Ltd. is well positioned to benefit from the growing demand for premium spirits in China.

Additionally, the company has invested in expanding its production capacity and improving its distribution channels in recent years, further strengthening its future growth potential. Given these factors, the stock of Jiangsu Yanghe Distillery Co., Ltd. could present an attractive investment opportunity for investors interested in long-term participation in the Chinese spirits market.

Dividend Yield: 2.5% (2024) Dividend Growth: 3% annually (average of the last 5 years)

Jiangsu Yanghe Distillery Co., Ltd. regularly pays dividends to its shareholders. The dividend yield was approximately 2.5% in 2024. Over the past five years, the company has experienced an average annual dividend growth of 3%, indicating a relatively reliable payout.

The continuity of dividend payments and the moderate growth suggest that Jiangsu Yanghe Distillery Co., Ltd. follows a stable dividend policy. This is particularly attractive to investors seeking regular returns on their investments.