VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

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Stock Comparison

Shanxi Xinghuacun Fen Wine Factory Co., Ltd. vs Greggs plc

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

Shanxi Xinghuacun Fen Wine Factory Co., Ltd.

600809 · Shanghai Stock Exchange

Market cap (USD)$25.3B
Gross margin (TTM)74.7%
Operating margin (TTM)42.4%
Net margin (TTM)31.6%
SectorConsumer
IndustryBeverages - Wineries & Distilleries
CountryCN
Data as of2025-12-30
Moat score
57/ 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

Greggs plc

GRG · London Stock Exchange

Market cap (USD)$2.2B
Gross margin (TTM)61.6%
Operating margin (TTM)9.4%
Net margin (TTM)6.6%
SectorConsumer
IndustryGrocery Stores
CountryGB
Data as of2026-01-31
Moat score
64/ 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 Greggs plc's moat claims, evidence, and risks.

View GRG analysis

Comparison highlights

  • Moat score gap: Greggs plc leads (64 / 100 vs 57 / 100 for Shanxi Xinghuacun Fen Wine Factory Co., Ltd.).
  • Segment focus: Shanxi Xinghuacun Fen Wine Factory Co., Ltd. has 2 segments (73.7% in Mid-to-High Priced Liquor (>= RMB130/L)); Greggs plc has 2 segments (88.4% in Retail company-managed shops).
  • Primary market structure: Oligopoly vs Competitive. Pricing power: Strong vs Moderate.
  • Moat breadth: Shanxi Xinghuacun Fen Wine Factory Co., Ltd. has 5 moat types across 2 domains; Greggs plc has 5 across 2.

Primary market context

Shanxi Xinghuacun Fen Wine Factory Co., Ltd.

Mid-to-High Priced Liquor (>= RMB130/L)

Market

China premium baijiu (with focus on light-aroma baijiu) and mid-to-high priced spirits

Geography

China

Customer

Consumers and corporate/banquet demand via distributor/retail channels

Role

Brand owner / distiller / wholesaler-distributor orchestrator

Revenue share

73.7%

Greggs plc

Retail company-managed shops

Market

UK food-to-go retail (bakery/QSR) sold through company-operated shops and delivery

Geography

United Kingdom

Customer

Consumers (end customers)

Role

Retailer and vertically integrated manufacturer-distributor

Revenue share

88.4%

Side-by-side metrics

Shanxi Xinghuacun Fen Wine Factory Co., Ltd.
Greggs plc
Ticker / Exchange
600809 - Shanghai Stock Exchange
GRG - London Stock Exchange
Market cap (USD)
$25.3B
$2.2B
Gross margin (TTM)
74.7%
61.6%
Operating margin (TTM)
42.4%
9.4%
Net margin (TTM)
31.6%
6.6%
Sector
Consumer
Consumer
Industry
Beverages - Wineries & Distilleries
Grocery Stores
HQ country
CN
GB
Primary segment
Mid-to-High Priced Liquor (>= RMB130/L)
Retail company-managed shops
Market structure
Oligopoly
Competitive
Market share
n/a
n/a
HHI estimate
n/a
n/a
Pricing power
Strong
Moderate
Moat score
57 / 100
64 / 100
Moat domains
Demand, Supply
Supply, Demand
Last update
2025-12-30
2026-01-31

Moat coverage

Shared moat types

Brand Trust

Shanxi Xinghuacun Fen Wine Factory Co., Ltd. strengths

Learning Curve YieldDistribution ControlPreferential Input AccessScale Economies Unit Cost

Greggs plc strengths

Physical Network DensitySupply Chain ControlHabit DefaultLong Term Contracts

Segment mix

Shanxi Xinghuacun Fen Wine Factory Co., Ltd. segments

Full profile >

Mid-to-High Priced Liquor (>= RMB130/L)

Oligopoly

73.7%

Other Liquor (value-tier baijiu and other spirits)

Competitive

25.9%

Greggs plc segments

Full profile >

Retail company-managed shops

Competitive

88.4%

Business-to-business (franchise & wholesale)

Competitive

11.6%

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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.