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Stock Comparison

Luzhou Laojiao Co., Ltd. vs S.F. Holding Co., Ltd.

Compare moat strength, market structure, and segment coverage to understand how each company defends its edge.

Luzhou Laojiao Co., Ltd.

000568.SZ · Shenzhen Stock Exchange

Market cap (USD)$18.6B
Gross margin (TTM)86.4%
Operating margin (TTM)54.6%
Net margin (TTM)40.8%
SectorConsumer
IndustryBeverages - Wineries & Distilleries
CountryCN
Data as of2026-08-23
Moat score
74/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

Dive deeper into Luzhou Laojiao Co., Ltd.'s moat claims, evidence, and risks.

View 000568.SZ analysis

S.F. Holding Co., Ltd.

002352 · Shenzhen Stock Exchange

Market cap (USD)$23.2B
Gross margin (TTM)13.4%
Operating margin (TTM)5.1%
Net margin (TTM)3.7%
SectorIndustrials
IndustryIntegrated Freight & Logistics
CountryCN
Data as of2026-08-23
Moat score
56/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

Dive deeper into S.F. Holding Co., Ltd.'s moat claims, evidence, and risks.

View 002352 analysis

Comparison highlights

  • Moat score gap: Luzhou Laojiao Co., Ltd. leads (74 / 100 vs 56 / 100 for S.F. Holding Co., Ltd.).
  • Segment focus: Luzhou Laojiao Co., Ltd. has 3 segments (89.3% in Mid- and high-end baijiu); S.F. Holding Co., Ltd. has 7 segments (42.5% in Time-definite Express).
  • Moat breadth: Luzhou Laojiao Co., Ltd. has 2 moat types across 2 domains; S.F. Holding Co., Ltd. has 4 across 2.

Primary market context

Luzhou Laojiao Co., Ltd.

Mid- and high-end baijiu

Market

Mid- and high-priced baijiu in China, centered on strong-aroma products priced at least CNY150 per bottle

Geography

China (primarily); limited exports

Customer

Consumers buying for personal consumption, gifting, and banquets through distributors, retail, and e-commerce

Role

Distiller, owner of National Cellar 1573 and Luzhou Laojiao brands, and supplier to authorized distributors

Revenue share

89.3%

S.F. Holding Co., Ltd.

Time-definite Express

Market

Premium time-definite parcel express delivery services

Geography

China

Customer

B2B, B2C

Role

Integrated parcel pickup, sorting, line-haul, and last-mile delivery

Revenue share

42.5%

Side-by-side metrics

Luzhou Laojiao Co., Ltd.
S.F. Holding Co., Ltd.
Ticker / Exchange
000568.SZ - Shenzhen Stock Exchange
002352 - Shenzhen Stock Exchange
Market cap (USD)
$18.6B
$23.2B
Gross margin (TTM)
86.4%
13.4%
Operating margin (TTM)
54.6%
5.1%
Net margin (TTM)
40.8%
3.7%
Sector
Consumer
Industrials
Industry
Beverages - Wineries & Distilleries
Integrated Freight & Logistics
HQ country
CN
CN
Primary segment
Mid- and high-end baijiu
Time-definite Express
Market structure
Oligopoly
Oligopoly
Market share
n/a
64.1% (reported)
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
74 / 100
56 / 100
Moat domains
Demand, Supply
Supply, Demand
Last update
2026-08-23
2026-08-23

Moat coverage

Shared moat types

Brand Trust

Luzhou Laojiao Co., Ltd. strengths

Preferential Input Access

S.F. Holding Co., Ltd. strengths

Physical Network DensityScale Economies Unit CostSwitching Costs General

Segment mix

Luzhou Laojiao Co., Ltd. segments

Full profile >

Mid- and high-end baijiu

Oligopoly

89.3%

Other baijiu (mainstream/value)

Competitive

10.3%

Other revenues

Competitive

0.5%

S.F. Holding Co., Ltd. segments

Full profile >

Time-definite Express

Oligopoly

42.5%

Economy Express

Oligopoly

10.4%

LTL Freight

Competitive

13.7%

Cold Chain & Pharmaceutical

Competitive

3.4%

Intra-city On-demand

Oligopoly

4.1%

Supply Chain & International

Competitive

23.7%

Other (Non-logistics & Undistributed Units)

Competitive

2.2%

Act on this comparison

000568.SZ in the moat ranking
000568.SZ sits #244 of 398Browse the full wide moat ranking to see what beats it and why.See the full ranking
002352 in the moat ranking
002352 sits #226 of 398Browse the full wide moat ranking to see what beats it and why.See the full ranking
Turn a two-stock debate into a systemSee the systematic rankings that surface stocks like 000568.SZ and 002352, with backtests and current holdings.

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Curation & Accuracy

This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).

Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.