Xifeng Baijiu produces fengxiang-style Chinese baijiu and is pursuing nationwide expansion and high-end brand positioning. The company is advancing production and brand projects including a 100,000-ton premium base-liquor and supporting production project, industrial-heritage upgrades, a Xifeng museum, and a business R&D center, and it also plans to replenish working capital. Management has signaled continued focus on nationwide and high-end growth and has introduced distributor shareholders to support those goals. Reported revenues were about ¥4.676B (2019), ¥4.67B (2020), ¥6.033B (2021) and ¥5.919B (2022); reported net profits were ¥747M, ¥673M, ¥871M and ¥763M for those years respectively. Management reported 2023 sales of ¥10.34B, up 23% year-on-year, achieving the company’s prior “100‑billion‑yuan” target in sales terms. Xifeng has a long privatized history (originating in 1956 and restructured as Shaanxi Xifeng Baijiu Co., Ltd. in 1999) and has repeatedly pursued IPO paths and other capitalization events.

Total raised

$68M

Funding rounds

1

Latest round

Equity

Latest activity

Aug 2024