TacticScaleWhat Hebei Yangyuan ZhiHui Beverage (养元饮品) Does & How It Makes Money (603156.SS)
Updated October 2026 · reflects Hebei Yangyuan ZhiHui Beverage's latest reported financials
Chinese maker of walnut-based plant protein milk drinks. It earns revenue by producing branded walnut-based and other plant protein beverages and selling them to consumers in China, including through online channels.
How Hebei Yangyuan ZhiHui Beverage makes money
It earns revenue by producing branded walnut-based and other plant protein beverages and selling them to consumers in China, including through online channels. It also carries out investment management activities.
What Hebei Yangyuan ZhiHui Beverage does
Hebei Yangyuan ZhiHui Beverage is a Chinese beverage company built around walnut kernels. It researches, produces, and sells vegetable protein drinks, led by walnut milk and walnut blends with soy, peanut, and almond, under the Six Walnuts, Six Walnuts 2430, and Yangyuan Plant Milk brands. It sells its products online and also carries out investment management activities. The company was founded in 1997, was formerly known as Hebei Yuanyuan Health Beverage Co., Ltd., and is headquartered in Hengshui, Hebei. It sits in the non-alcoholic beverages segment of the consumer defensive sector, focused on plant-based protein drinks.
Products & services
- Six Walnuts walnut milk
- Six Walnuts 2430
- Yangyuan Plant Milk
- Walnut soy milk
- Walnut peanut milk
- Walnut almond milk
养元饮品是做什么的？
河北养元智汇饮品股份有限公司是一家以核桃仁为核心原料的中国饮料企业，主要从事植物蛋白饮料的研发、生产和销售。产品包括核桃乳、核桃豆奶、核桃花生奶、核桃杏仁奶等，品牌有“六个核桃”“六个核桃2430”和“养元植物奶”。公司通过线上渠道销售产品，同时开展投资管理业务。 公司成立于1997年，前身为河北养元保健饮品有限公司，总部位于河北衡水，属于必需消费品领域的无酒精饮料行业。
What is Hebei Yangyuan ZhiHui Beverage worth?
On an owner-earnings DCF, Hebei Yangyuan ZhiHui Beverage's most-likely value is about ¥10 versus a recent price near ¥41 (305% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~¥5) with a margin of safety — so the honest verdict here is “Stretched — richly priced.” Fair value earns its keep only at the extremes, not in the wide middle.
Today's $41 is above even the optimistic Bull case ($20) — the market expects faster, longer growth than modeled here. Expensive unless that extra growth actually shows up.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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