Guosen Securities backs Wuliangye stock on CNY 20 billion dividend
Published on 10/20/2026 at 09:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSDividend and reporting timetable
- Guosen Securities highlighted a CNY 20 billion dividend for 2026 on October 19, 2026.
- First-half revenue reached CNY 28.42 billion after the August 29, 2026 report.
- TradingView lists October 28, 2026 as Wuliangye's next earnings date.
Wuliangye (ISIN CNE000000VQ8) is tied to a CNY 20 billion dividend for 2026 and a 4.70 percent yield, according to GMT EIGHT on October 19, 2026. Guosen Securities kept an outperform-the-market view while pointing to demand pressure and lower revenue and profit forecasts.
Three capital events shape the story
On August 29, 2026, Wuliangye's first-half report showed revenue of CNY 28.42 billion, up 20.87 percent year over year, and net profit attributable to shareholders of CNY 8.75 billion, up 89.30 percent, as reported by Note.
By September 30, 2026, Wuliangye had repurchased 16.13 million shares for CNY 1.20 billion, according to Ava Advisor. The buyback gives the dividend message a second capital-return component, although the latest Guosen report also described short-term industry demand as pressured.
What does the dividend mean for valuation?
Guosen Securities linked the CNY 20 billion cash dividend to a 4.70 percent yield in 2026 and said the payout supports Wuliangye's valuation. The same report said the company is strengthening distributor and terminal incentives, reducing repayment prices and defending channel confidence.
When are the next results due?
TradingView lists October 28, 2026 as the next earnings date. That report will test whether the first-half recovery can continue after second-quarter revenue of CNY 5.58 billion and net income of CNY 690.18 million.
Shenzhen quote and investor context
Wuliangye was last at CNY 72.85 on the Shenzhen Stock Exchange on October 20, 2026 at 3:04 p.m. CST. Its market capitalization was CNY 282.8 billion on that date, while the 52-week range stood at CNY 68.68 to CNY 122.50. The valuation case therefore rests on two numbers: the cash return promised for 2026 and the earnings evidence due on October 28, 2026.
Wuliangye key facts
- Company: Wuliangye Yibin Co., Ltd.
- ISIN: CNE000000VQ8
- Ticker: 000858
- Primary exchange: Shenzhen Stock Exchange
- Market capitalization: CNY 282.8 billion (as of October 20, 2026)
- 52-week range: CNY 68.68-CNY 122.50 (as of October 20, 2026)
- Sector / Industry: Consumer Defensive / Beverages - Wineries and Distilleries
Market context: Market report Shanghai Composite.
