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Jiangsu Yanghe Distillery
Jiangsu Yanghe Distillery (002304) investor relations material
Jiangsu Yanghe Distillery Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary29 Oct, 2026
Executive summary
Q3 revenue was ¥1.28bn, down 61.10% YoY, and attributable net income was a ¥770.9m loss; 9M revenue fell 34.65% and net income fell 53.94% YoY.
9M operating cash flow declined 88.04% YoY to ¥115.6m, mainly as cash collected from baijiu sales fell with market conditions.
Financial highlights
9M revenue totaled ¥11.82bn and attributable net income was ¥1.83bn; adjusted net income was ¥1.80bn, down 52.15% YoY.
9M operating costs fell 35.36% YoY, in line with lower product sales volume and revenue.
Q3 non-recurring items were a net loss of ¥119.5m; 9M non-recurring items were a net gain of ¥33.2m.
Key financial ratios and metrics
Q3 basic and diluted EPS were both -¥0.5117; 9M EPS was ¥1.2153, down 53.94% YoY.
Weighted average return on equity was -1.51% for Q3 and 3.90% for 9M.
Period-end total assets were ¥55.58bn, down 5.14% from year-end; parent-attributable equity was ¥46.41bn, down 0.83%.
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Latest events from Jiangsu Yanghe Distillery
- Revenue and profit fell over 28% and 40% year-over-year amid industry headwinds.002304
Q2 2026 - Revenue and profit fell significantly in 2025, but gross margin and brand strength remained robust.002304H2 2025
- Q1 2026 saw significant declines in revenue and profit, with weaker cash flow and higher borrowings.002304Q1 2026
- Revenue grew 10.04%; 2024 guidance targets 5%–10% growth amid Baijiu market pressure.002304H2 2023
- Revenue and profit plunged as the liquor market weakened, with net loss in Q3 and cash flow down.002304Q3 2025
- Revenue and profit fell significantly amid fierce competition, but strong margins and cash dividends were maintained.002304H2 2024
- Revenue and profit fell significantly, but gross margin and cash reserves remain robust.002304H1 2025
- Q3 revenue and profit plunged year-over-year amid persistent industry and operational challenges.002304Q3 2024
- H1 2024 revenue up 4.58%, net profit up 1.08%, with strong baijiu sales and high cash payout.002304H1 2024
Next Jiangsu Yanghe Distillery earnings date
Q4 202627 Apr, 2027
Jiangsu Yanghe Distillery
Next Jiangsu Yanghe Distillery earnings date
Q4 202627 Apr, 2027
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Frequently asked questions
Jiangsu Yanghe Distillery is a leading producer and distributor of alcoholic beverages, specializing in the production of baijiu, a traditional Chinese distilled spirit. The company offers a wide range of high-quality products catering to both domestic and international markets. The company is headquartered in Suqian, China, and its shares are listed on the Shenzhen Stock Exchange (SZSE).