Why is Jiangsu Hengshun Vinegar Industry Co., Ltd. ?
1
Poor long term growth as Net Sales has grown by an annual rate of 3.45% and Operating profit at -17.94% over the last 5 years
2
Flat results in Sep 25
- OPERATING CASH FLOW(Y) Lowest at CNY 239.26 MM
- NET SALES(Q) At CNY 502.32 MM has Fallen at -13.02%
3
With ROE of 3.79%, it has a expensive valuation with a 2.61 Price to Book Value
- Over the past year, while the stock has generated a return of 6.83%, its profits have risen by 231.4% ; the PEG ratio of the company is 0.3
- At the current price, the company has a high dividend yield of 1.3
4
Underperformed the market in the last 1 year
- The stock has generated a return of 6.83% in the last 1 year, much lower than market (China Shanghai Composite) returns of 22.49%
How much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in FMCG)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Jiangsu Hengshun Vinegar Industry Co., Ltd. for you?
Low Risk, Low Return
Absolute
Risk Adjusted
Volatility
Jiangsu Hengshun Vinegar Industry Co., Ltd.
-0.4%
0.12
18.10%
China Shanghai Composite
15.17%
1.58
14.20%
Quality key factors
Factor
Value
Sales Growth (5y)
3.45%
EBIT Growth (5y)
-17.94%
EBIT to Interest (avg)
57.48
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.21
Sales to Capital Employed (avg)
0.64
Tax Ratio
14.11%
Dividend Payout Ratio
86.58%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
9.65%
ROE (avg)
5.50%
Valuation Key Factors 
Factor
Value
P/E Ratio
69
Industry P/E
Price to Book Value
2.61
EV to EBIT
57.52
EV to EBITDA
32.04
EV to Capital Employed
4.08
EV to Sales
3.11
PEG Ratio
0.30
Dividend Yield
1.28%
ROCE (Latest)
7.09%
ROE (Latest)
3.79%
Technical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Mildly Bullish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
Mildly Bullish
Mildly Bearish
Technical Movement
5What is working for the Company
ROCE(HY)
Highest at 4.46%
RAW MATERIAL COST(Y)
Fallen by -0.87% (YoY
NET PROFIT(9M)
Higher at CNY 137.68 MM
INVENTORY TURNOVER RATIO(HY)
Highest at 6.35 times
-6What is not working for the Company
OPERATING CASH FLOW(Y)
Lowest at CNY 239.26 MM
NET SALES(Q)
At CNY 502.32 MM has Fallen at -13.02%
Here's what is working for Jiangsu Hengshun Vinegar Industry Co., Ltd.
Inventory Turnover Ratio
Highest at 6.35 times
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its inventory faster
Inventory Turnover Ratio
Net Profit
Higher at CNY 137.68 MM
than preceding 12 month period ended Sep 2025MOJO Watch
In the nine month period the company has already crossed sales of the previous twelve months
Net Profit (CNY MM)
Raw Material Cost
Fallen by -0.87% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Here's what is not working for Jiangsu Hengshun Vinegar Industry Co., Ltd.
Net Sales
At CNY 502.32 MM has Fallen at -13.02%
over average net sales of the previous four periods of CNY 577.54 MMMOJO Watch
Near term sales trend is very negative
Net Sales (CNY MM)
Operating Cash Flow
Lowest at CNY 239.26 MM
in the last three yearsMOJO Watch
The company's cash revenues from business operations are falling
Operating Cash Flows (CNY MM)






