Narrative Update • Jul 10
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Chinese (SSE) Beverage Industry Analysis
UpdatedJul 13, 2026
DataAggregated Company Financials
Companies39
- 7D0.4%
- 3M-18.7%
- 1Y-25.7%
- YTD-23.2%
In the last week, the Beverage industry is flat overall, with Eastroc Beverage (Group) standing out by going down 3.8%. As for the longer term, the industry has declined 26% in the last year. Earnings are forecast to grow by 9.7% annually.
Industry Valuation and Performance
Has the Chinese Beverage Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 13 Jul 2026 | CN¥2.6t | CN¥467.2b | CN¥140.4b | 22.7x | 18.3x | 5.5x |
| Wed, 10 Jun 2026 | CN¥2.7t | CN¥466.0b | CN¥140.1b | 24.3x | 19.4x | 5.8x |
| Fri, 08 May 2026 | CN¥3.0t | CN¥466.0b | CN¥140.1b | 27.3x | 21.7x | 6.5x |
| Sun, 05 Apr 2026 | CN¥3.2t | CN¥525.6b | CN¥172.3b | 23.3x | 18.6x | 6.1x |
| Tue, 03 Mar 2026 | CN¥3.3t | CN¥525.1b | CN¥172.1b | 23.7x | 19.1x | 6.3x |
| Thu, 29 Jan 2026 | CN¥3.1t | CN¥525.0b | CN¥171.9b | 25x | 18.2x | 6x |
| Sat, 27 Dec 2025 | CN¥3.3t | CN¥525.0b | CN¥171.9b | 25x | 19.4x | 6.3x |
| Mon, 24 Nov 2025 | CN¥3.5t | CN¥525.0b | CN¥171.9b | 25.3x | 20.4x | 6.7x |
| Wed, 22 Oct 2025 | CN¥3.5t | CN¥541.4b | CN¥179.1b | 25x | 19.8x | 6.5x |
| Fri, 19 Sep 2025 | CN¥3.5t | CN¥508.8b | CN¥174.5b | 26.2x | 20.1x | 6.9x |
| Sun, 17 Aug 2025 | CN¥3.4t | CN¥516.1b | CN¥178.0b | 26.7x | 19.1x | 6.6x |
| Tue, 15 Jul 2025 | CN¥3.4t | CN¥511.8b | CN¥176.5b | 29.2x | 19.2x | 6.6x |
| Thu, 12 Jun 2025 | CN¥3.5t | CN¥511.8b | CN¥176.5b | 30x | 19.7x | 6.8x |
| Sat, 10 May 2025 | CN¥3.7t | CN¥511.8b | CN¥176.6b | 28.3x | 20.8x | 7.2x |
| Mon, 07 Apr 2025 | CN¥3.7t | CN¥511.7b | CN¥178.4b | 28.3x | 20.7x | 7.2x |
| Wed, 05 Mar 2025 | CN¥3.5t | CN¥506.1b | CN¥175.6b | 21.6x | 19.9x | 6.9x |
| Fri, 31 Jan 2025 | CN¥3.4t | CN¥506.2b | CN¥175.7b | 21.4x | 19.3x | 6.7x |
| Sun, 29 Dec 2024 | CN¥3.7t | CN¥506.2b | CN¥175.7b | 23.5x | 20.8x | 7.2x |
| Tue, 26 Nov 2024 | CN¥3.6t | CN¥506.2b | CN¥175.7b | 23.6x | 20.7x | 7.2x |
| Thu, 24 Oct 2024 | CN¥3.8t | CN¥504.3b | CN¥174.6b | 24.5x | 21.6x | 7.5x |
| Sat, 21 Sep 2024 | CN¥3.0t | CN¥504.3b | CN¥174.6b | 19.7x | 17x | 5.9x |
| Mon, 19 Aug 2024 | CN¥3.4t | CN¥499.5b | CN¥172.8b | 22.5x | 19.4x | 6.7x |
| Wed, 17 Jul 2024 | CN¥3.5t | CN¥493.3b | CN¥170.1b | 22.6x | 20.5x | 7.1x |
| Fri, 14 Jun 2024 | CN¥3.7t | CN¥493.3b | CN¥170.1b | 25.3x | 21.9x | 7.6x |
| Sun, 12 May 2024 | CN¥4.2t | CN¥493.3b | CN¥169.2b | 28.2x | 24.9x | 8.5x |
| Tue, 09 Apr 2024 | CN¥4.0t | CN¥466.5b | CN¥158.4b | 29.1x | 25.3x | 8.6x |
| Thu, 07 Mar 2024 | CN¥3.9t | CN¥457.8b | CN¥154.6b | 28.9x | 25.5x | 8.6x |
| Sat, 03 Feb 2024 | CN¥3.6t | CN¥457.8b | CN¥154.7b | 26.9x | 23.5x | 7.9x |
| Mon, 01 Jan 2024 | CN¥4.1t | CN¥458.2b | CN¥154.7b | 30.1x | 26.3x | 8.9x |
| Wed, 29 Nov 2023 | CN¥4.3t | CN¥454.0b | CN¥154.6b | 31.3x | 27.5x | 9.4x |
| Fri, 27 Oct 2023 | CN¥4.2t | CN¥444.4b | CN¥151.3b | 31.2x | 27.5x | 9.4x |
| Sun, 24 Sep 2023 | CN¥4.5t | CN¥439.4b | CN¥148.8b | 33.7x | 30.5x | 10.3x |
| Tue, 22 Aug 2023 | CN¥4.5t | CN¥432.8b | CN¥146.6b | 33.4x | 30.5x | 10.3x |
| Thu, 20 Jul 2023 | CN¥4.3t | CN¥424.9b | CN¥143.3b | 34.5x | 30.2x | 10.2x |
Price to Earnings Ratio
30.2x
Current Industry PE
- Investors are pessimistic on the Chinese Beverage industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 18.3x which is lower than its 3-year average PE of 22.1x.
- The 3-year average PS ratio of 7.5x is higher than the industry's current PS ratio of 5.5x.
Past Earnings Growth
- The earnings for companies in the Beverage industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 3.2% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Chinese Consumer Staples industry?
| CN Market | -3.19% | |
| Consumer Staples | 0.12% | |
| Beverage | 0.45% | |
| Distillers and Wine Makers | 0.68% | |
| Brewers | -0.30% | |
| Soft Drinks | -4.14% | |
Industry PE
- Investors are most optimistic about the Soft Drinks industry even though it's trading below its 3-year average PE ratio of 37.0x.
- Analysts are expecting annual earnings growth of 14.6%, which is lower than the prior year's growth of 23.6% per year.
- Investors are most pessimistic about the Brewers industry, which is trading below its 3-year average of 27.5x.
Forecasted Growth
- Analysts are most optimistic on the Soft Drinks industry, expecting annual earnings growth of 15% over the next 5 years.
- However this is lower than its past earnings growth rate of 24% per year.
- In contrast, the Brewers industry is expected to see its earnings grow by 6.3% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 600519 Kweichow Moutai | CN¥1.20k | 0.9% +CN¥13.2b | -15.6% | PE18.2x | |
| 000858 Wuliangye YibinLtd | CN¥73.69 | 0.7% +CN¥1.9b | -40.7% | PE22.7x | |
| 000568 Luzhou LaojiaoLtd | CN¥78.18 | 1.3% +CN¥1.4b | -34.4% | PE11.6x | |
| 600809 Shanxi Xinghuacun Fen Wine FactoryLtd | CN¥110.30 | 1.0% +CN¥1.3b | -37.9% | PE12.3x | |
| 603198 Anhui Yingjia Distillery | CN¥32.31 | 2.3% +CN¥584.0m | -20.3% | PE13x |