Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥18.68, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 19x in the Beverage industry in China. Total returns to shareholders of 69% over the past three years. Announcement • Jun 30
Kuaijishan Shaoxing Rice Wine Co., Ltd. to Report First Half, 2026 Results on Aug 22, 2026 Kuaijishan Shaoxing Rice Wine Co., Ltd. announced that they will report first half, 2026 results on Aug 22, 2026 Declared Dividend • Jun 01
Dividend reduced to CN¥0.30 Dividend of CN¥0.30 is 25% lower than last year. Ex-date: 4th June 2026 Payment date: 4th June 2026 Dividend yield will be 1.8%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (84% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 87% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Major Estimate Revision • Apr 10
Consensus revenue estimates decrease by 10%, EPS upgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from CN¥2.27b to CN¥2.04b. EPS estimate increased from CN¥0.653 to CN¥0.68 per share. Net income forecast to grow 33% next year vs 9.0% growth forecast for Beverage industry in China. Consensus price target of CN¥21.69 unchanged from last update. Share price rose 2.5% to CN¥18.47 over the past week. Price Target Changed • Apr 07
Price target decreased by 8.7% to CN¥21.69 Down from CN¥23.76, the current price target is an average from 3 analysts. New target price is 18% above last closing price of CN¥18.37. Stock is up 50% over the past year. The company is forecast to post earnings per share of CN¥0.65 for next year compared to CN¥0.52 last year. Reported Earnings • Apr 01
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: CN¥0.52 (up from CN¥0.41 in FY 2024). Revenue: CN¥1.82b (up 12% from FY 2024). Net income: CN¥244.6m (up 25% from FY 2024). Profit margin: 13% (up from 12% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) exceeded analyst estimates by 9.9%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Beverage industry in China. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 14% per year. New Risk • Apr 01
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 95% Cash payout ratio: 141% Dividend yield: 2.2% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Announcement • Mar 31
Kuaijishan Shaoxing Rice Wine Co., Ltd., Annual General Meeting, Apr 24, 2026 Kuaijishan Shaoxing Rice Wine Co., Ltd., Annual General Meeting, Apr 24, 2026, at 14:00 China Standard Time. Location: 3F, No. 2579, Yangshao Road, Hutang Subdistrict, Keqiao District, Shaoxing, Zhejiang China Announcement • Mar 30
Kuaijishan Shaoxing Rice Wine Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Kuaijishan Shaoxing Rice Wine Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Buy Or Sell Opportunity • Mar 19
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 22% to CN¥16.59. The fair value is estimated to be CN¥21.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 48% in 2 years. Earnings are forecast to grow by 89% in the next 2 years. Announcement • Dec 26
Kuaijishan Shaoxing Rice Wine Co., Ltd. to Report Fiscal Year 2025 Results on Apr 01, 2026 Kuaijishan Shaoxing Rice Wine Co., Ltd. announced that they will report fiscal year 2025 results on Apr 01, 2026 Reported Earnings • Nov 03
Third quarter 2025 earnings released: EPS: CN¥0.049 (vs CN¥0.048 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.049 (up from CN¥0.048 in 3Q 2024). Revenue: CN¥394.7m (up 21% from 3Q 2024). Net income: CN¥22.4m (up 2.5% from 3Q 2024). Profit margin: 5.7% (down from 6.7% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Beverage industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥24.03, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 20x in the Beverage industry in China. Total returns to shareholders of 148% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥21.80 per share. Announcement • Sep 30
Kuaijishan Shaoxing Rice Wine Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Kuaijishan Shaoxing Rice Wine Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥26.81, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 21x in the Beverage industry in China. Total returns to shareholders of 166% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥21.80 per share. Buy Or Sell Opportunity • Sep 04
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 21% to CN¥26.81. The fair value is estimated to be CN¥21.80, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 5.7%. Revenue is forecast to grow by 46% in 2 years. Earnings are forecast to grow by 82% in the next 2 years. Reported Earnings • Aug 23
Second quarter 2025 earnings released: EPS: CN¥0 (vs CN¥0.003 loss in 2Q 2024) Second quarter 2025 results: EPS: CN¥0 (improved from CN¥0.003 loss in 2Q 2024). Revenue: CN¥335.5m (up 12% from 2Q 2024). Net income: CN¥133.9k (up CN¥1.53m from 2Q 2024). Profit margin: 0% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Beverage industry in China. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥22.43, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 22x in the Beverage industry in China. Total returns to shareholders of 122% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥21.80 per share. Announcement • Jun 30
Kuaijishan Shaoxing Rice Wine Co., Ltd. to Report First Half, 2025 Results on Aug 22, 2025 Kuaijishan Shaoxing Rice Wine Co., Ltd. announced that they will report first half, 2025 results on Aug 22, 2025 Buy Or Sell Opportunity • May 28
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 153% to CN¥25.81. The fair value is estimated to be CN¥20.76, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 12%. Revenue is forecast to grow by 40% in 2 years. Earnings are forecast to grow by 83% in the next 2 years. New Risk • May 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (97% payout ratio). Share price has been volatile over the past 3 months (8.5% average weekly change). Valuation Update With 7 Day Price Move • May 21
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to CN¥18.72, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 22x in the Beverage industry in China. Total returns to shareholders of 45% over the past three years. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥15.42, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 21x in the Beverage industry in China. Total returns to shareholders of 27% over the past three years. New Risk • Apr 02
New major risk - Revenue and earnings growth Earnings have declined by 5.1% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.1% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Apr 02
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: CN¥0.41 (up from CN¥0.35 in FY 2023). Revenue: CN¥1.63b (up 16% from FY 2023). Net income: CN¥196.2m (up 18% from FY 2023). Profit margin: 12% (in line with FY 2023). Revenue exceeded analyst estimates by 6.4%. Earnings per share (EPS) also surpassed analyst estimates by 7.9%. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Apr 02
Kuaijishan Shaoxing Rice Wine Co., Ltd., Annual General Meeting, Apr 25, 2025 Kuaijishan Shaoxing Rice Wine Co., Ltd., Annual General Meeting, Apr 25, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shaoxing, Zhejiang China Announcement • Mar 28
Kuaijishan Shaoxing Rice Wine Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Kuaijishan Shaoxing Rice Wine Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Announcement • Dec 27
Kuaijishan Shaoxing Rice Wine Co., Ltd. to Report Fiscal Year 2024 Results on Apr 02, 2025 Kuaijishan Shaoxing Rice Wine Co., Ltd. announced that they will report fiscal year 2024 results on Apr 02, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.048 (vs CN¥0.058 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.048 (down from CN¥0.058 in 3Q 2023). Revenue: CN¥326.0m (up 4.1% from 3Q 2023). Net income: CN¥21.9m (down 12% from 3Q 2023). Profit margin: 6.7% (down from 7.9% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Beverage industry in China. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Sep 30
Kuaijishan Shaoxing Rice Wine Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Kuaijishan Shaoxing Rice Wine Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥10.46, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 20x in the Beverage industry in China. Total loss to shareholders of 6.3% over the past three years. Reported Earnings • Aug 22
Second quarter 2024 earnings released: CN¥0.003 loss per share (vs CN¥0.002 loss in 2Q 2023) Second quarter 2024 results: CN¥0.003 loss per share (further deteriorated from CN¥0.002 loss in 2Q 2023). Revenue: CN¥298.5m (up 18% from 2Q 2023). Net loss: CN¥1.40m (loss widened 60% from 2Q 2023). Revenue is forecast to grow 5.9% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Beverage industry in China. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Jun 28
Kuaijishan Shaoxing Rice Wine Co., Ltd. to Report First Half, 2024 Results on Aug 22, 2024 Kuaijishan Shaoxing Rice Wine Co., Ltd. announced that they will report first half, 2024 results on Aug 22, 2024 Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥12.89, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 20x in the Beverage industry in China. Total returns to shareholders of 16% over the past three years. Reported Earnings • Apr 28
First quarter 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.17 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.20 (up from CN¥0.17 in 1Q 2023). Revenue: CN¥437.1m (up 18% from 1Q 2023). Net income: CN¥92.2m (up 16% from 1Q 2023). Profit margin: 21% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 31
Full year 2023 earnings released: EPS: CN¥0.35 (vs CN¥0.30 in FY 2022) Full year 2023 results: EPS: CN¥0.35 (up from CN¥0.30 in FY 2022). Revenue: CN¥1.41b (up 15% from FY 2022). Net income: CN¥166.6m (up 15% from FY 2022). Profit margin: 12% (in line with FY 2022). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Mar 30
Kuaijishan Shaoxing Rice Wine Co., Ltd., Annual General Meeting, Apr 22, 2024 Kuaijishan Shaoxing Rice Wine Co., Ltd., Annual General Meeting, Apr 22, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shaoxing, Zhejiang China Announcement • Mar 29
Kuaijishan Shaoxing Rice Wine Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Kuaijishan Shaoxing Rice Wine Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥7.98, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 19x in the Beverage industry in China. Total loss to shareholders of 7.7% over the past three years. Buy Or Sell Opportunity • Jan 25
Now 25% overvalued Over the last 90 days, the stock has fallen 9.1% to CN¥10.01. The fair value is estimated to be CN¥8.03, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last 3 years. Earnings per share has declined by 19%. Revenue is forecast to grow by 10% in a year. Earnings are forecast to grow by 19% in the next year. Announcement • Dec 30
Kuaijishan Shaoxing Rice Wine Co., Ltd. to Report Fiscal Year 2023 Results on Mar 30, 2024 Kuaijishan Shaoxing Rice Wine Co., Ltd. announced that they will report fiscal year 2023 results on Mar 30, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.058 (vs CN¥0.049 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.058 (up from CN¥0.049 in 3Q 2022). Revenue: CN¥313.0m (up 16% from 3Q 2022). Net income: CN¥24.9m (up 13% from 3Q 2022). Profit margin: 7.9% (down from 8.1% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.5% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Beverage industry in China. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • Oct 19
Kuaijishan Shaoxing Rice Wine Co., Ltd. (SHSE:601579) announces an Equity Buyback for CNY 121.5 million worth of its shares. Kuaijishan Shaoxing Rice Wine Co., Ltd. (SHSE:601579) announces a share repurchase program. Under the program, the company will repurchase up to CNY 121.5 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 13.5 per share. The shares purchased will be used for the company's equity incentive plan or ESOP. The program will be valid till 12 months. Announcement • Sep 30
Kuaijishan Shaoxing Rice Wine Co., Ltd. to Report Q3, 2023 Results on Oct 27, 2023 Kuaijishan Shaoxing Rice Wine Co., Ltd. announced that they will report Q3, 2023 results on Oct 27, 2023 Reported Earnings • Aug 19
Second quarter 2023 earnings released: CN¥0.002 loss per share (vs CN¥0.002 loss in 2Q 2022) Second quarter 2023 results: CN¥0.002 loss per share (in line with 2Q 2022). Revenue: CN¥252.3m (up 51% from 2Q 2022). Net loss: CN¥874.0k (loss narrowed 1.2% from 2Q 2022). Revenue is forecast to grow 9.3% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Beverage industry in China. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Jun 28
Kuaijishan Shaoxing Rice Wine Co., Ltd. to Report First Half, 2023 Results on Aug 19, 2023 Kuaijishan Shaoxing Rice Wine Co., Ltd. announced that they will report first half, 2023 results on Aug 19, 2023 Reported Earnings • Mar 30
Full year 2022 earnings: EPS in line with analyst expectations despite revenue beat Full year 2022 results: EPS: CN¥0.30 (down from CN¥0.59 in FY 2021). Revenue: CN¥1.23b (down 1.9% from FY 2021). Net income: CN¥144.8m (down 49% from FY 2021). Profit margin: 12% (down from 23% in FY 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 17% per year. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improved over the past week After last week's 25% share price gain to CN¥15.77, the stock trades at a trailing P/E ratio of 26.5x. Average forward P/E is 28x in the Beverage industry in China. Total returns to shareholders of 87% over the past three years. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Chairman Weiqiang Yu was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.049 (vs CN¥0.02 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.049 (up from CN¥0.02 in 3Q 2021). Revenue: CN¥270.5m (up 16% from 3Q 2021). Net income: CN¥22.0m (up 124% from 3Q 2021). Profit margin: 8.1% (up from 4.2% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 20
Second quarter 2022 earnings released: CN¥0.002 loss per share (vs CN¥0.008 profit in 2Q 2021) Second quarter 2022 results: CN¥0.002 loss per share (down from CN¥0.008 profit in 2Q 2021). Revenue: CN¥167.0m (down 15% from 2Q 2021). Net loss: CN¥885.0k (down 122% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 19
Investor sentiment deteriorated over the past week After last week's 24% share price decline to CN¥14.72, the stock trades at a trailing P/E ratio of 25.4x. Average forward P/E is 27x in the Beverage industry in China. Total returns to shareholders of 74% over the past three years. Reported Earnings • Apr 28
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: CN¥0.16 (down from CN¥0.18 in 1Q 2021). Revenue: CN¥377.5m (flat on 1Q 2021). Net income: CN¥78.4m (down 6.7% from 1Q 2021). Profit margin: 21% (down from 22% in 1Q 2021). Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) also surpassed analyst estimates by 90%. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 19
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: CN¥0.59 (down from CN¥0.60 in FY 2020). Revenue: CN¥1.25b (up 13% from FY 2020). Net income: CN¥283.7m (down 1.8% from FY 2020). Profit margin: 23% (down from 26% in FY 2020). Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) also surpassed analyst estimates by 90%. Over the next year, revenue is expected to shrink by 8.7% compared to a 20% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS CN¥0.02 (vs CN¥0.03 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥233.8m (up 2.4% from 3Q 2020). Net income: CN¥9.82m (down 40% from 3Q 2020). Profit margin: 4.2% (down from 7.1% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥13.00, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 42x in the Beverage industry in China. Total returns to shareholders of 33% over the past three years. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS CN¥0.008 (vs CN¥0.029 in 2Q 2020) The company reported a poor second quarter result with weaker earnings and profit margins, although revenues were flat. Second quarter 2021 results: Revenue: CN¥196.7m (flat on 2Q 2020). Net income: CN¥4.12m (down 71% from 2Q 2020). Profit margin: 2.1% (down from 7.1% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥12.19, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 49x in the Beverage industry in China. Total returns to shareholders of 21% over the past three years. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥12.85, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 42x in the Beverage industry in China. Total returns to shareholders of 19% over the past three years. Reported Earnings • Apr 17
Full year 2020 earnings released: EPS CN¥0.60 (vs CN¥0.34 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥1.11b (down 5.4% from FY 2019). Net income: CN¥289.0m (up 74% from FY 2019). Profit margin: 26% (up from 14% in FY 2019). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 1% per year. Is New 90 Day High Low • Mar 04
New 90-day low: CN¥9.03 The company is down 12% from its price of CN¥10.27 on 04 December 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Beverage industry, which is up 16% over the same period. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥10.91, the stock is trading at a trailing P/E ratio of 35x, down from the previous P/E ratio of 42x. This compares to an average P/E of 64x in the Beverage industry in China. Total return to shareholders over the past three years is a loss of 8.5%. Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment deteriorated over the past week After last week's 20% share price decline to CN¥11.80, the stock is trading at a trailing P/E ratio of 37.8x, down from the previous P/E ratio of 47.2x. This compares to an average P/E of 69x in the Beverage industry in China. Total returns to shareholders over the past three years are 2.8%. Is New 90 Day High Low • Dec 21
New 90-day high: CN¥13.68 The company is up 62% from its price of CN¥8.47 on 22 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Beverage industry, which is up 23% over the same period. Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥12.44, the stock is trading at a trailing P/E ratio of 39.9x, up from the previous P/E ratio of 33.3x. This compares to an average P/E of 56x in the Beverage industry in China. Total returns to shareholders over the past three years are 8.8%. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥12.19, the stock is trading at a trailing P/E ratio of 39.1x, up from the previous P/E ratio of 33.9x. This compares to an average P/E of 54x in the Beverage industry in China. Total returns to shareholders over the past three years are 8.0%. Valuation Update With 7 Day Price Move • Nov 30
Market pulls back on stock over the past week After last week's 19% share price decline to CN¥10.26, the stock is trading at a trailing P/E ratio of 32.9x, down from the previous P/E ratio of 40.5x. This compares to an average P/E of 50x in the Beverage industry in China. Total return to shareholders over the past three years is a loss of 14%. Valuation Update With 7 Day Price Move • Nov 20
Market bids up stock over the past week After last week's 26% share price gain to CN¥11.47, the stock is trading at a trailing P/E ratio of 36.8x, up from the previous P/E ratio of 29.2x. This compares to an average P/E of 48x in the Beverage industry in China. Total return to shareholders over the past three years is a loss of 2.7%. Valuation Update With 7 Day Price Move • Nov 13
Market bids up stock over the past week After last week's 15% share price gain to CN¥10.11, the stock is trading at a trailing P/E ratio of 32.4x, up from the previous P/E ratio of 28.1x. This compares to an average P/E of 49x in the Beverage industry in China. Total return to shareholders over the past three years is a loss of 16%. Major Estimate Revision • Nov 06
Analysts increase EPS estimates to CN¥0.28 The 2020 consensus revenue estimate increased from CN¥1.01b to CN¥1.06b. The earnings per share estimate also received an upgrade from CN¥0.25 to CN¥0.28 for the same period. Net income is expected to shrink by 1.9% next year compared to 18% growth forecast for the Beverage industry in China . The consensus price target of CN¥8.60 was unchanged from the last update. Share price is up 10% to CN¥8.89 over the past week. Is New 90 Day High Low • Oct 30
New 90-day low: CN¥8.08 The company is down 8.0% from its price of CN¥8.82 on 31 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Beverage industry, which is up 9.0% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥149.1m, down 4.6% from the prior year. Total revenue was CN¥1.09b over the last 12 months, down 7.3% from the prior year. Is New 90 Day High Low • Sep 28
New 90-day low: CN¥8.24 The company is down 1.0% from its price of CN¥8.32 on 30 June 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Beverage industry, which is up 19% over the same period. Announcement • Jul 08
Kuaijishan Shaoxing Rice Wine Co., Ltd. to Report First Half, 2020 Results on Aug 18, 2020 Kuaijishan Shaoxing Rice Wine Co., Ltd. announced that they will report first half, 2020 results on Aug 18, 2020 
