Who owns Jinsha?
Jinsha is owned by CR Beer (China, HKEX: 0291), which has owned the brand since 10 January 2023.[1]
CR Beer owns 55.19% of Jinsha rather than all of it.
This ownership is reported in official statements but has not yet been matched to a regulatory filing.
Evidence: China Resources Beer (Holdings) Company Limited: Annual results announcement for the year ended 31 December 2025, 23 March 2026. Last checked .
Key facts
- Current owner
- China Resources Beer (Holdings) Company Limited (55.19% stake) reported
- Owned since
- Owner HQ
- 🇨🇳 China, Shenzhen
- Origin
- 🇨🇳 China
- Category
- Beverages › Spirits › Baijiu
- Parent ticker
- HKEX: 0291
- Last verified
- · 1 sources
About Jinsha
Jinsha is the baijiu made by Guizhou Jinsha Jiaojiu Winery Industry Co., in which China Resources Beer completed the purchase of a 55.19% stake on 10 January 2023 for about 11.05 billion yuan in cash. The business has struggled since: baijiu turnover fell to 1.50 billion yuan in 2025 and the brewer wrote off 2.88 billion yuan of goodwill. The small Jinsha Xiaojiang bottling targets younger drinkers.
Ownership timeline of Jinsha
Where Jinsha sits in CR Beer
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full CR Beer ownership tree →
See the full CR Beer brand portfolio (5) →
Other brands owned by CR Beer
CR Beer controls 5 brands on Brandtree, 5 of them in beverages.
Also in beverages
Other brands in baijiu, and who owns them
The 18 brands in baijiu on Brandtree belong to 7 owners. The largest is Luzhou Laojiao, with 5.
| Brand | Owner | Owner based in |
|---|---|---|
| Century-old Luzhou Laojiao Jiaoling | Luzhou Laojiao | 🇨🇳 China |
| Gujing Gongjiu | Gujing | 🇨🇳 China |
| Wuliang Tequ | Wuliangye | 🇨🇳 China |
| Fenjiu | Shanxi Fenjiu | 🇨🇳 China |
| Shede | Shede Spirits | 🇨🇳 China |
| Shuanggou | Yanghe | 🇨🇳 China |
| Luzhou Laojiao Erqu | Luzhou Laojiao | 🇨🇳 China |
| Luzhou Laojiao Tequ | Luzhou Laojiao | 🇨🇳 China |
About the owner: CR Beer
CR Beer is a publicly listed company headquartered in Shenzhen, China. Brandtree records 5 brands under its control, and it is listed as HKEX: 0291.
China Resources Beer is a Hong Kong-incorporated, Hong Kong-listed brewer controlled by the China Resources group, and the owner of Snow beer. In 2025 it sold about 11.03 million kilolitres of beer from 59 breweries in mainland China and moved its headquarters to Shenzhen; it also controls the Guizhou Jinsha baijiu distillery. It brews and sells Heineken, Amstel and other Heineken brands in China under a brand licence from Heineken, which it does not own; under 2018 agreements Heineken took 40% of the holding company that controls CR Beer, giving it an indirect economic interest of 20.67%.
🇨🇳 Jinsha and other Chinese brands
Brandtree records a controlling owner for 339 brands that began in China. 39 of them (12%) are now controlled by a company headquartered in another country; Jinsha is not one of them.
- 17.5° — Nongfu Spring 🇨🇳
- AFIP — Changyu 🇨🇳
- Augerta — Tsingtao Brewery 🇨🇳
- Century-old Luzhou Laojiao Jiaoling — Luzhou Laojiao 🇨🇳
- Fenjiu — Shanxi Fenjiu 🇨🇳
- Gujing Gongjiu — Gujing 🇨🇳
Frequently asked questions
Who is the parent company of Jinsha?
The parent company of Jinsha is CR Beer, a publicly listed company headquartered in China.
Is Jinsha Chinese?
Yes. Jinsha originated in China and its owner, CR Beer, is also headquartered in China.
Since when has CR Beer owned Jinsha?
CR Beer has owned Jinsha since 10 January 2023.
Is Jinsha still owned by CR Beer?
Yes. As of 16 September 2026, Jinsha is still owned by CR Beer (55.19% stake). The ownership record was last checked against primary sources on that date.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] China Resources Beer (Holdings) Company Limited: Annual results announcement for the year ended 31 December 2025 — China Resources Beer (Holdings) Company Limited, Stock exchange filing, published 23 March 2026; retrieved 16 September 2026.
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