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ZJLD Group Inc 06979

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Stock XHKG Rating as of
HK$7.78 −0.08 (1.02%)
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Channel Innovation and Premiumization Underpin Zhenjiu Lidu's Long-Term Growth

Jennifer Song

Zhenjiu Lidu has differentiated itself from other China baijiu distillers by operating three distilleries under four brands, with aromas ranging across jiang, rich, and mixed flavors. It acquired the distilleries of Xiang Jiao, Li Du, and Zhen Jiu during 2003-08. Through heavy investment, ZJLD successfully built Zhen Jiu, Li Du, Xiang Jiao, and Kai Kou Xiao into well-known regional brands.

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Price vs Fair Value

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06979 is trading within a range we consider fairly valued.
Price
HK$7.78
Fair Value
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Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

ZJLD should benefit from the baijiu premiumization trend in China, leading to stronger sales of higher-end products and wider profit margins.

Bears

Persistent macroeconomic and consumption challenges in China, along with a new wave of “alcohol ban” measures have intensified sales pressure for China baijiu.

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Trading Information

Previous Close Price
HK$7.86
Day Range
HK$7.41–8.14
52-Week Range
HK$7.01–9.84
Bid/Ask
HK$7.71 / HK$7.82
Shares Outstanding
3.39B
Market Cap
HK$26.13B
Volume/Avg
3M / 4M

Key Statistics

Price/Earnings (Normalized)
39.38
Price/Sales
6.28
Dividend Yield (Trailing)
0.90%
Dividend Yield (Forward)
0.90%
Dividend Payment Schedule
Jul
Total Yield
1.30%

Company Profile

Zhenjiu Lidu is one of the leading non-state-owned baijiu distillers in China. It operates a portfolio of baijiu brands with aroma ranging across jiang, rich, and mixed flavors that include Zhen Jiu, Li Du, Xiang Jiao, and Kai Kou Xiao, which contributed 53%, 30%, 13%, and 3% of total revenue in 2025, respectively. ZJLD listed on the Hong Kong Stock Exchange in April 2023 and was the ninth-largest among the listed baijiu distillers in terms of revenue in 2025. Through Jindong Investment, Chair Wu Xiangdong controls 67% of the firm’s total equity stake as of December 2025.
Sector
Consumer Defensive
Industry
Beverages - Wineries & Distilleries
Stock Style Box
Mid Value
Total Number of Employees
10,023
Website
https://www.zjld.com

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Valuation

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Metric
06979
000799
000568
Price/Earnings (Normalized)
 39.38—14.38
Price/Book Value
 1.673.262.33
Price/Sales
 6.2811.085.39
Price/Cash Flow
 —193.3412.94
Price/Earnings
06979
000799
000568

Financial Strength

Metric
06979
000799
000568
Quick Ratio
 0.750.621.79
Current Ratio
 2.542.552.79
Interest Coverage
 12.38−609.4774.39
Quick Ratio
06979
000799
000568

Profitability

Metric
06979
000799
000568
Return on Assets (Normalized)
 2.70%−0.55%11.14%
Return on Equity (Normalized)
 3.90%−0.72%15.63%
Return on Invested Capital (Normalized)
 2.95%−0.83%12.91%
Return on Assets
06979
000799
000568

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