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    002304   CNE100000HB8

JIANGSU YANGHE BREWERY JOINT-STOCK CO., LTD.

(002304)
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China stocks slide as liquor, financial firms retreat; Hong Kong up

06/11/2021 | 12:30am EDT

* SSEC -0.3%, CSI300 -0.8%, HSI 0.4%

* HK->Shanghai Connect daily quota used -0.8%, Shanghai->HK daily quota used 2.8%

* FTSE China A50 -1.0%

SHANGHAI, June 11 (Reuters) - China stocks slipped on Friday, weighed down by liquor and financial stocks, after data showed the country's broader credit growth slowed in May.

** The CSI300 index fell 0.8% to 5,230.86 points at the end of the morning session, while the Shanghai Composite Index lost 0.3% to 3,601.82 points.

** Falling the most, the CSI300 liquor index dropped 2.7% on persistent worries over lofty valuations.

** Jiangsu Yanghe Brewery, Beijing Shunxin Agriculture and Xinghuacun Fen Wine dropped between 1.7% and 10.0%.

** "China's Jan-May bond issuance fell short of expectations, indicating acceleration of issuance from June, which could decrease money flows into the equities market," said Luo Huibiao, an investment advisor from Guosen Securities.

** Caution also prevailed ahead of a three-day Dragon Festival holiday, which starts from Saturday.

** China's new bank loans unexpectedly rose in May from the previous month, but broader credit growth continued to slow as the central bank seeks to contain rising debt.

** Top Chinese leaders have repeatedly vowed to avoid any sharp policy turns, keeping borrowing costs low and telling banks to maintain support for small firms, while being more watchful about extending credit to hot areas of the economy.

** "The slowdown in credit growth is happening even faster than we had been anticipating a couple of months ago," Julian Evans-Pritchard at Capital Economics said in a note.

** Bucking the broad retreat, shares in China's Zhejiang-based listed firms jumped, as investors cheered Beijing's latest policy support for the province.

** In Hong Kong, the Hang Seng index added 0.4% to 28,851.00 points, while the Hong Kong China Enterprises Index gained 0.1% to 10,729.73.

** HK-listed shares of Italian luxury fashion group Prada SpA hit a near seven-year high after Citi raised the target price. (Reporting by Luoyan Liu and Andrew Galbraith; Editing by Ramakrishnan M.)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BEIJING SHUNXIN AGRICULTURE CO.,LTD -3.98% 31.62 End-of-day quote.-56.41%
GUOSEN SECURITIES CO., LTD. -1.47% 10.71 End-of-day quote.-21.48%
HANG SENG -0.80% 26225.47 Real-time Quote.-2.92%
JIANGSU YANGHE BREWERY JOINT-STOCK CO., LTD. -0.73% 172 End-of-day quote.-27.12%
PRADA S.P.A. -2.07% 59.15 End-of-day quote.15.53%
SHANXI XINGHUACUN FEN WINE FACTORY CO.,LTD. 0.08% 309.25 End-of-day quote.15.36%
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Financials
Sales 2021 24 365 M 3 771 M 3 771 M
Net income 2021 8 340 M 1 291 M 1 291 M
Net cash 2021 12 330 M 1 908 M 1 908 M
P/E ratio 2021 31,1x
Yield 2021 1,95%
Capitalization 258 B 39 857 M 39 859 M
EV / Sales 2021 10,1x
EV / Sales 2022 8,66x
Nbr of Employees -
Free-Float 32,3%
Chart JIANGSU YANGHE BREWERY JOINT-STOCK CO., LTD.
Duration : Period :
Jiangsu Yanghe Brewery Joint-Stock Co., Ltd. Technical Analysis Chart | 002304 | CNE100000HB8 | MarketScreener
Technical analysis trends JIANGSU YANGHE BREWERY JOINT-STOCK CO., LTD.
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Last Close Price 172,00 CNY
Average target price 222,03 CNY
Spread / Average Target 29,1%
EPS Revisions
Managers and Directors
Yu Zhong Vice Chairman, President & General Manager
Qiu Ming Yin Chief Financial Officer & Vice President
Tai Qing Chen Chairman-Supervisory Board
Lian Dong Zhang Chairman
Shu Ming Zhao Independent Director