WIDE MOAT STOCKS COMPARISON

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Stock Comparison

Luzhou Laojiao Co., Ltd. vs ASM International N.V.

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)$17.5B
Gross margin (TTM)85.4%
Operating margin (TTM)48.5%
Net margin (TTM)38%
SectorConsumer
IndustryBeer, wine and spirits
CountryCN
Data as of2026-08-23
73/100
Moat score

Weighted across the company's segments.

Full stock profile

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

View 000568.SZ analysis

ASM International N.V.

ASM · Euronext Amsterdam

Market cap (USD)$52.3B
Gross margin (TTM)51.8%
Operating margin (TTM)30.2%
Net margin (TTM)31.9%
SectorTechnology
IndustrySemiconductor equipment and materials
CountryNL
Data as of2026-08-23
82/100
Moat score

Weighted across the company's segments.

Full stock profile

Dive deeper into ASM International N.V.'s moat claims, evidence, and risks.

View ASM analysis

Comparison highlights

  • Moat score gap: ASM International N.V. leads (82 / 100 vs 73 / 100 for Luzhou Laojiao Co., Ltd.).
  • Segment focus: Luzhou Laojiao Co., Ltd. has 3 segments (87.9% in Mid- and high-end baijiu); ASM International N.V. has 2 segments (77.4% in Wafer-processing equipment).
  • Moat breadth: Luzhou Laojiao Co., Ltd. has 2 moat types across 2 domains; ASM International N.V. has 3 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

87.9%

ASM International N.V.

Wafer-processing equipment

Market

Semiconductor deposition and thermal-processing equipment (ALD, silicon and SiC epitaxy, CVD/PECVD, vertical furnaces, and chemical mechanical polishing)

Geography

Global

Customer

Semiconductor manufacturers across logic/foundry, memory, power, analog, and wafer markets

Role

Wafer-fabrication equipment supplier

Revenue share

77.4%

Side-by-side metrics

Luzhou Laojiao Co., Ltd.
ASM International N.V.
Ticker / Exchange
000568.SZ - Shenzhen Stock Exchange
ASM - Euronext Amsterdam
Market cap (USD)
$17.5B
$52.3B
Gross margin (TTM)
85.4%
51.8%
Operating margin (TTM)
48.5%
30.2%
Net margin (TTM)
38%
31.9%
Sector
Consumer
Technology
Industry
Beer, wine and spirits
Semiconductor equipment and materials
HQ country
CN
NL
Primary segment
Mid- and high-end baijiu
Wafer-processing equipment
Market structure
Oligopoly
Oligopoly
Market share
n/a
n/a
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
73 / 100
82 / 100
Moat domains
Demand, Supply
Supply, Demand
Last update
2026-09-05
2026-09-05

Moat coverage

Shared moat types

No overlap yet.

Luzhou Laojiao Co., Ltd. strengths

Brand TrustPreferential Input Access

ASM International N.V. strengths

Learning Curve YieldDesign In QualificationInstalled Base Consumables

Segment mix

Luzhou Laojiao Co., Ltd. segments

Full profile >

Mid- and high-end baijiu

Oligopoly

87.9%

Other baijiu (mainstream/value)

Competitive

11.6%

Other revenues

Competitive

0.6%

ASM International N.V. segments

Full profile >

Wafer-processing equipment

Oligopoly

77.4%

Spares and services

Quasi-Monopoly

22.6%

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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.