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Jiangsu King's Luck Brewery Joint-Stock Co Ltd

Jiangsu King's Luck Brewery Joint-Stock Co.,Ltd. engages in the research and development, procurement, production, and sale of liquor and wine in China. The company offers its products under the Guoyuan, Jinshiyuan, and Gaogou brands. It distributes its products to dealers; and directly sells to group buying, supermarkets, hotels, and retail channels. In addition, the company engages in investment consulting; food production and sale; internet of things services and general trade, as well as small loan business; agricultural and sideline food processing industry; and provision of advertising design and production, and tourism services. Jiangsu King's Luck Brewery Joint-Stock Co., Ltd. was founded in 1997 and is based in Huai'an, China.

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Jinshiyuan's 2026 interim net profit reaches 2.082 billion yuan, down 6.60% year-on-year

Jinshiyuan released its 2026 interim report, with net profit attributable to the parent company at 2.082 billion yuan, a decrease of 147 million yuan from the same period last year, down 6.60% year-on-year. The company's total operating revenue was 6.436 billion yuan, a decrease of 515 million yuan from the same period last year, down 7.41% year-on-year. Net cash inflow from operating activities was 1.616 billion yuan, up 50.31% year-on-year. The company's latest gross margin was 74.14%, an increase of 0.74 percentage points year-on-year; the latest return on equity was 12.14%, a decrease of 1.63 percentage points year-on-year.
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Jinshiyuan's first-half net profit falls 6.6% to 2.082 billion yuan

Jinshiyuan's first-half net profit fell 6.6% to 2.082 billion yuan. On August 17, Jiangsu Jinshiyuan Liquor Co., Ltd. released its 2026 semi-annual report, showing revenue of 6.435 billion yuan for the period, down 7.41% year on year; net profit attributable to the parent company was 2.082 billion yuan, down 6.60% year on year; basic earnings per share were 1.67 yuan. Second-quarter revenue was 2.113 billion yuan, up 14.11% year on year, and net profit attributable to the parent company was 697 million yuan, up 19.17% year on year, with both revenue and net profit achieving double-digit growth. Net cash flow from operating activities in the first half was 1.616 billion yuan, up 50.31% year on year. Premium A+ products achieved revenue of 3.743 billion yuan, down 13.19% year on year; Premium A products achieved revenue of 2.307 billion yuan, up 3.36% year on year, with the two product categories accounting for as much as 94% of the company's total revenue. Revenue from the Jiangsu provincial market was 5.668 billion yuan, down 9.36% year on year, contributing 88% of total revenue; revenue from markets outside the province was 673 million yuan, up 7.18% year on year.
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Jinshiyuan first-half net profit attributable to parent at 2.082 billion yuan, down 6.6% year on year

Jinshiyuan released its 2026 half-year report. Net profit attributable to the parent in the first half reached 2.082 billion yuan, down 6.6% year on year. Operating revenue was 6.435 billion yuan, down 7.4% year on year. Net profit attributable to the parent after deducting non-recurring items was 2.096 billion yuan, down 5.8% year on year. Net operating cash flow was 1.616 billion yuan, up 50.3% year on year. In the second quarter, operating revenue was 2.11 billion yuan, up 14.1% year on year, and net profit attributable to the parent was 697 million yuan, up 19.2% year on year. The company said the baijiu industry as a whole is facing deep adjustment, and it will continue to adhere to a marketing strategy of deepening its presence within the province while making breakthroughs in surrounding areas outside the province.
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Liquor stocks rally strongly: Kweichow Moutai surges nearly 6%, institutions expect sector recovery in second half

The liquor sector staged a strong rebound on July 20, with Kweichow Moutai closing up nearly 6% and its share price reclaiming the 1,320 yuan level. Gujing Gongjiu hit the daily limit up, Luzhou Laojiao rose over 6%, Jinhui Liquor and Shanxi Xinghuacun Fenjiu gained over 5%, and Wuliangye, Yingjia Gongjiu, and Jinshiyuan all closed higher across the board. On the news front, Kweichow Moutai recently announced another price increase for its core blockbuster product, Feitian Moutai, and its non-standard product, the kilogram Moutai. Effective July 18, the retail price of Feitian 53% vol 500ml Kweichow Moutai on the iMoutai platform was raised from 1,539 yuan per bottle to 1,639 yuan per bottle, and the sales contract price was raised from 1,269 yuan per bottle to 1,369 yuan per bottle. The retail price of the kilogram Moutai was raised from 3,119 yuan per bottle to 3,269 yuan per bottle. Institutions believe the price hikes will help boost earnings. Huachuang Securities estimates that, after deducting value-added tax, the corresponding increase in reported revenue will be approximately 5.6 billion yuan, contributing an estimated profit of around 3.6 billion yuan. Recent semi-annual earnings forecasts from several liquor companies indicate the industry remains broadly under pressure, with Shede Spirits, Swellfun, Golden Seed Winery, and Huangtai Liquor posting losses or profit declines in the first half. Zheshang Securities believes the fundamentals have clearly bottomed out, and Kaiyuan Securities expects the sector to likely recover in the second half of the year. At the close, Kweichow Moutai traded at 1,327.5 yuan per share, up 5.95%, with a total market capitalization of 1.66 trillion yuan.
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