TacticScaleWhat Shanxi Xinghuacun Fen Wine Factory (山西汾酒) Does & How It Makes Money (600809.SS)
Updated October 2026 · reflects Shanxi Xinghuacun Fen Wine Factory's latest reported financials
Chinese baijiu maker behind the Fenjiu, Zhuyeqing and Xinghuacun brands. It makes money by producing liquor and selling it under its own brands to customers in China and abroad.
How Shanxi Xinghuacun Fen Wine Factory makes money
It makes money by producing liquor and selling it under its own brands to customers in China and abroad.
What Shanxi Xinghuacun Fen Wine Factory does
Shanxi Xinghuacun Fen Wine Factory makes and sells Chinese liquor under the Fenjiu, Zhuyeqing and Xinghuacun names. It sells in China and in other countries. The company was founded in 1949 and is based in Fenyang, China. The company is a subsidiary of Shanxi Xinghuacun Fenjiu Group. It sits in the consumer defensive sector, where it competes as a branded maker of distilled spirits.
Products & services
- Fenjiu liquor
- Zhuyeqing liquor
- Xinghuacun liquor
山西汾酒是做什么的？
山西杏花村汾酒厂股份有限公司生产和销售白酒，旗下有汾酒、竹叶青和杏花村等品牌，产品销往国内和海外。公司成立于1949年，总部在山西汾阳，是山西杏花村汾酒集团有限责任公司的子公司，属于必需消费品行业中的酒类饮料企业。
What is Shanxi Xinghuacun Fen Wine Factory worth?
On an owner-earnings DCF, Shanxi Xinghuacun Fen Wine Factory's most-likely value is about ¥476 versus a recent price near ¥116 (76% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~¥143) with a margin of safety — so the honest verdict here is “Deeply discounted.” Fair value earns its keep only at the extremes, not in the wide middle.
On the financials alone, $116 is below even the no-growth floor ($143); the market's discount — expectations and sentiment beyond the numbers — is pricing in ≈ -2.1%/yr. A bargain only if that pessimism is overdone.
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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