Jiangsu Yanghe Brewery Joint-Stock (002304) Stock Price, Fundamentals & Analysis

What 002304 does

Jiangsu Yanghe Brewery Joint-Stock (002304) is a stock listed on the Shenzhen Stock Exchange in the Consumer Defensive sector, specifically in the Beverages - Wineries & Distilleries industry. The company, formerly known as Jiangsu Yanghe Brewery Joint-Stock Co., Ltd., changed its name to Jiangsu Yanghe Distillery Co., Ltd. in June 2024. It engages in the production and sale of Chinese liquor, offering products under the Yanghe, Shuang Gou, Noble Wine, and Pear Blossom Village brands, including dream blue, sujiu, sky blue, zhenbaofang, ocean blue, yanghe daqu, shuanggou daqu, guijiu, and sidus wine. The company is headquartered in Suqian, China, and employs 22,392 people.

Key numbers explained

• The current price is 37.47 CNY, down 1.47% today. The 52-week range is 37.29 – 71.99, and the price is down 45.6% over the past year.
• The trailing P/E ratio of 120.9 reflects the price relative to the last twelve months of earnings; the forward P/E ratio of 28.6 uses expected future earnings.
• The dividend yield is 3.92%, with an ex-dividend date of 30 Jun 2026; the company pays out 477% of its trailing earnings as dividends.
• Market capitalization is 56.45 mld. CNY, and the beta of 0.22 indicates the stock tends to move less than the overall market.
• Trailing 12-month revenue is 14.96 mld. CNY, down 36.9% year over year, with a profit margin of 3.1% and an operating margin of 0.2%.
• The return on equity is 0.9%, the debt-to-equity ratio is 0.5%, and the price-to-book ratio is 1.2.

What to watch

As a consumer defensive stock in the distilleries subsector, Jiangsu Yanghe Brewery Joint-Stock is often influenced by consumer spending trends, regulatory changes on alcohol sales, and competitive dynamics with peers such as Luzhou Lao Jiao (000568), Wuliangye Yibin (000858), and Anhui Gujing Distillery (000596). Investors tracking the Shenzhen Stock Exchange may also compare it with broader index components like those in the CSI 300. The high payout ratio relative to earnings and the low beta are structural features worth noting when assessing income and volatility characteristics.