---
title: "山西杏花村汾酒廠股份有限公司 (600809.SH)"
type: "quote"
locale: "en"
url: "https://longbridge.com/en/quote/600809.SH.md"
symbol: "600809.SH"
name: "山西杏花村汾酒廠股份有限公司"
industry: "釀酒業"
---

# 山西杏花村汾酒廠股份有限公司 (600809.SH)

| Item | Detail |
|------|--------|
| Industry | 釀酒業 |
| Location | 滬深市場 |
| Website | [www.fenjiu.com.cn](https://www.fenjiu.com.cn) |

## Company Profile

公司是以生產銷售汾酒、竹葉青酒和杏花村酒為主，集白酒、大健康產業、產業鏈、文化旅遊、產業基金及白酒機加工于一體的省管重要骨幹企業。公司主要業務是汾酒、竹葉青酒、杏花村酒的生產、銷售。公司主要產品有汾酒、竹葉青酒、杏花村酒及系列酒。企業榮譽：全國科學大會先進集體;科技研究成果三等獎;中國飲料制造業最佳經濟效益 500 強企業;省先進技術進步創優獎等。公司獲得由證券時報頒發的 “2019 年漂亮 100 潛力公司” 和央廣網頒布的 “最值得投資者信任的上市公司卓越獎” 等獎項。

## Financial Score

> *Longbridge Financial Score™ — Proprietary multi-factor rating model by [Longbridge](https://longbridge.com). This score is independently calculated by Longbridge and is not affiliated with any third-party rating agency.*
> Updated: 2026-02-20T04:30:09.000Z

**Overall: B (0.32)**

**Industry**: Distillers and Vintners

| Metric | Value |
|--------|-------|
| Industry Ranking | 2 / 31 |
| Industry Median | C |
| Industry Average | C |

- **Style**: Blend - Stocks in which the company has both growth and mature businesses.
- **Scale**: Large - The company has stable operations, allowing for dependable long-term returns.

### Score Analysis

**Style Score**: 

#### Growth Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 2.84% |  |
| Net Profit YoY | -0.48% |  |

#### Value Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| P/B Ratio | 5.22 |  |
| Dividend Ratio | 2.17% |  |


**Size Score**: 

#### Market Cap Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 202.32B |  |

#### Revenue Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue | 37.58B |  |


**Multi Score**: B

#### Profit Score: A

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | 33.86% | A |
| Profit Margin | 32.73% | A |
| Gross Margin | 74.75% | A |

#### Growth Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 2.84% | C |
| Net Profit YoY | -0.48% | C |
| Total Assets YoY | 9.68% | B |
| Net Assets YoY | 14.47% | B |

#### Cash Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| Cash Flow Margin | 305.57% | C |
| OCF YoY | 2.84% | C |

#### Operating Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Turnover | 0.72 | B |

#### Debt Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Gearing Ratio | 28.00% | B |


```chart-data:radar
{
  "title": "Longbridge Financial Score - 山西杏花村汾酒廠股份有限公司",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Profit",
      "grade": "A",
      "indicators": [
        {
          "name": "ROE",
          "value": "33.86%",
          "rating": "A"
        },
        {
          "name": "Profit Margin",
          "value": "32.73%",
          "rating": "A"
        },
        {
          "name": "Gross Margin",
          "value": "74.75%",
          "rating": "A"
        }
      ]
    },
    {
      "name": "Growth",
      "grade": "C",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "2.84%",
          "rating": "C"
        },
        {
          "name": "Net Profit YoY",
          "value": "-0.48%",
          "rating": "C"
        },
        {
          "name": "Total Assets YoY",
          "value": "9.68%",
          "rating": "B"
        },
        {
          "name": "Net Assets YoY",
          "value": "14.47%",
          "rating": "B"
        }
      ]
    },
    {
      "name": "Cash",
      "grade": "C",
      "indicators": [
        {
          "name": "Cash Flow Margin",
          "value": "305.57%",
          "rating": "C"
        },
        {
          "name": "OCF YoY",
          "value": "2.84%",
          "rating": "C"
        }
      ]
    },
    {
      "name": "Operating",
      "grade": "B",
      "indicators": [
        {
          "name": "Turnover",
          "value": "0.72",
          "rating": "B"
        }
      ]
    },
    {
      "name": "Security",
      "grade": "B",
      "indicators": [
        {
          "name": "Gearing Ratio",
          "value": "28.00%",
          "rating": "B"
        }
      ]
    }
  ]
}
```

### Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
|------|------|--------|--------|-----------|----------|------|--------|
| 01 | 貴州茅台 (SH.600519) | A | B | B | A | C | B |
| 02 | 山西汾酒 (SH.600809) | A | C | B | B | C | B |
| 03 | 金徽酒 (SH.603919) | B | C | B | B | C | B |
| 04 | 會稽山 (SH.601579) | B | B | C | A | B | B |
| 05 | 五糧液 (SZ.000858) | A | D | C | A | D | C |

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | 16.45 | 8/31 | 19.91 | 18.66 | 17.29 |
| PB | 5.22 | 27/31 | 6.96 | 6.08 | 5.59 |
| PS (TTM) | 5.38 | 20/31 | 6.71 | 6.22 | 5.77 |
| Dividend Yield | 2.17% | 15/31 | 3.45% | 3.23% | 3.08% |

## Institutional View

### Analyst Rating Distribution

> As of 2026-02-11T16:00:00.000Z

Total Analysts: **12**

| Rating | Count | Percentage |
|--------|-------|-----------|
| Buy | 7 | 58% |
| Overweight | 2 | 17% |
| Hold | 3 | 25% |
| Underweight | 0 | 0% |
| Sell | 0 | 0% |

### Target Price Forecast

| Metric | Price |
|--------|-------|
| Current Price | 165.84 |
| Highest Target | 239.80 |
| Lowest Target | 182.00 |

## References

- [Company Overview](https://longbridge.com/en/quote/600809.SH/overview.md) - Shareholders, executives, business segments
- [Financials](https://longbridge.com/en/quote/600809.SH/norm.md) - Income statement, balance sheet, cash flow, distribution plan
- [Topics & Discussions](https://longbridge.com/en/quote/600809.SH/topics.md) - Community topics and discussions

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
