Shanxi Xinghuacun Fen Wine Factory stock faces a weak first half
Published on 10/07/2026 at 10:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Shanxi Xinghuacun Fen Wine Factory (ISIN CNE000000DH5) reported CNY 210.44 billion in first-half 2026 revenue, down 12.18 percent year over year. The shares were last at CNY 115.60 on the Shanghai Stock Exchange on September 30, 2026, up 3.68 percent, putting the stock 43.1 percent below its 52-week high of CNY 203.58.
First half brings a sharp reset
The company published its 2026 interim report on August 30, 2026, according to 6ix. Net profit declined 24.29 percent to CNY 6.439 billion, while second-quarter revenue fell 17.74 percent to CNY 6.121 billion and quarterly net profit dropped 43.11 percent to CNY 1.057 billion.
The deterioration was concentrated in profitability rather than product pricing alone. According to Futunn on September 26, 2026, first-half gross margin was 75.40 percent, while selling expenses reached 12.45 percent of revenue, up 2.51 percentage points year over year.
Cash flow offsets weaker earnings
Operating cash flow provided a counterweight. The same September 26, 2026 report put first-half operating cash flow at CNY 6.652 billion, up 11.23 percent year over year, even as revenue contracted.
Management's operating response centers on controlling shipments, reducing channel inventory and protecting price levels. That strategy weighs on near-term sales and earnings, but the cash-flow comparison suggests collections remained stronger than the income statement alone would imply.
Analysts see recovery potential
Investing.com reports a Buy consensus from 14 analysts, with an average 12-month price target of CNY 159.61, a high of CNY 227.50 and a low of CNY 117.60. The average target lies 38.07 percent above the CNY 115.60 reference price.
The valuation case therefore depends on a recovery in demand and channel turnover rather than on uninterrupted near-term growth. The September 26, 2026 analyst review maintained a Buy rating while cutting its earnings forecasts, highlighting the tension between long-term brand strength and the current adjustment cycle.
Stock remains below yearly high
Shanxi Xinghuacun Fen Wine Factory stock was last at CNY 115.60 on September 30, 2026, at 3:00 p.m. CST on the Shanghai Stock Exchange. The session range was CNY 111.01 to CNY 117.00, with volume of 7,440,075 shares.
Shanxi Xinghuacun Fen Wine Factory stock facts
- Company: Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.
- ISIN: CNE000000DH5
- Ticker: 600809
- Trading venue: Shanghai Stock Exchange
- Price (as of September 30, 2026, 3:00 p.m. CST): CNY 115.60
- Market capitalization: CNY 141.0 billion (as of September 30, 2026)
- 52-week range: CNY 103.64-CNY 203.58 (as of September 30, 2026)
- Sector / Industry: Consumer Defensive / Beverages - Wineries and Distilleries
- Index membership: SSE 50 and CSI 300
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