★ WIDE MOAT STOCKS COMPARISON ★

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Stock Comparison

Luzhou Laojiao Co., Ltd. vs Shanxi Xinghuacun Fen Wine Factory 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

Shanxi Xinghuacun Fen Wine Factory Co., Ltd.

600809 · Shanghai Stock Exchange

Market cap (USD)$21.2B
Gross margin (TTM)73.1%
Operating margin (TTM)39.8%
Net margin (TTM)29.6%
SectorConsumer
IndustryBeverages - Wineries & Distilleries
CountryCN
Data as of2026-08-23
Moat score
76/ 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 Shanxi Xinghuacun Fen Wine Factory Co., Ltd.'s moat claims, evidence, and risks.

View 600809 analysis

Comparison highlights

  • Moat score gap: Shanxi Xinghuacun Fen Wine Factory Co., Ltd. leads (76 / 100 vs 74 / 100 for Luzhou Laojiao Co., Ltd.).
  • Segment focus: Luzhou Laojiao Co., Ltd. has 3 segments (89.3% in Mid- and high-end baijiu); Shanxi Xinghuacun Fen Wine Factory Co., Ltd. has 3 segments (98.6% in Fenjiu products).
  • Moat breadth: Luzhou Laojiao Co., Ltd. has 2 moat types across 2 domains; Shanxi Xinghuacun Fen Wine Factory Co., Ltd. has 1 across 1.

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%

Shanxi Xinghuacun Fen Wine Factory Co., Ltd.

Fenjiu products

Market

China baijiu, with focus on light-aroma Fenjiu products across premium and mainstream price tiers

Geography

China

Customer

Consumers and corporate/banquet demand via distributor/retail channels

Role

Brand owner / distiller / wholesaler-distributor orchestrator

Revenue share

98.6%

Side-by-side metrics

Luzhou Laojiao Co., Ltd.
Shanxi Xinghuacun Fen Wine Factory Co., Ltd.
Ticker / Exchange
000568.SZ - Shenzhen Stock Exchange
600809 - Shanghai Stock Exchange
Market cap (USD)
$18.6B
$21.2B
Gross margin (TTM)
86.4%
73.1%
Operating margin (TTM)
54.6%
39.8%
Net margin (TTM)
40.8%
29.6%
Sector
Consumer
Consumer
Industry
Beverages - Wineries & Distilleries
Beverages - Wineries & Distilleries
HQ country
CN
CN
Primary segment
Mid- and high-end baijiu
Fenjiu products
Market structure
Oligopoly
Oligopoly
Market share
n/a
n/a
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
74 / 100
76 / 100
Moat domains
Demand, 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

Shanxi Xinghuacun Fen Wine Factory Co., Ltd. strengths

No unique moat types yet.

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%

Shanxi Xinghuacun Fen Wine Factory Co., Ltd. segments

Full profile >

Fenjiu products

Oligopoly

98.6%

Other Liquor (value-tier baijiu and other spirits)

Competitive

1.1%

Other business (reconciliation)

Competitive

0.3%

Act on this comparison

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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.