Nationwide Expansion and Product Premiumization Drive Shanxi Fen Wine's Long-Term Growth Outlook

Boasting a long and rich history, Shanxi Fen Wine is known as the original distiller of light-flavored baijiu and was often mentioned in ancient and contemporary Chinese literature. We believe the extensive history and quality of products have established a strong competitive advantage in brand strength and pricing power, making it the only premium brand among the light-flavored baijiu beverages. Years of channel development and deepening cooperation with China Resources, which possesses a large distribution network, have also fortressed its competitiveness, which should allow it to generate economic profits well into the future.