Who owns Mingguang?
Mingguang is owned by Gujing (China, SZSE: 000596).[1]
Gujing owns 60% of Mingguang rather than all of it.
This ownership is reported in official statements but has not yet been matched to a regulatory filing.
Evidence: 安徽古井贡酒股份有限公司 2025 年年度报告 (Anhui Gujing Distillery — 2025 Annual Report), Anhui Gujing Distillery Co., Ltd, 29 April 2026. Last checked .
Key facts
- Current owner
- Anhui Gujing Distillery Co., Ltd. (60% stake) reported
- Owner HQ
- 🇨🇳 China, Bozhou
- Origin
- 🇨🇳 China, Mingguang
- Category
- Beverages › Spirits › Baijiu
- Parent ticker
- SZSE: 000596 SZSE: 200596
- Last verified
- · 1 sources
About Mingguang
Mingguang (明光酒) is a baijiu from Anhui Mingguang Liquor, made in a mung-bean aroma (绿豆香型) style that Anhui Gujing calls unique. Gujing signed a strategic cooperation agreement with the company in January 2021 and holds 60% of it. Its main products are Mingguang Jianiang, Mingguang Daqu, Mingguang Youye, Mingguang Tequ and a 53-degree Minglüye (明绿液), and in December 2021 the old Mingguang brewing method was added to Anhui's provincial intangible heritage list.
Ownership timeline of Mingguang
Where Mingguang sits in Gujing
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
- Gujing Gongjiu
- Huanghelou (51%)
- Mingguang (60%)
Open the full Gujing ownership tree →
See the full Gujing brand portfolio (3) →
Other brands owned by Gujing
Gujing controls 3 brands on Brandtree, 3 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; Gujing has 3.
| Brand | Owner | Owner based in |
|---|---|---|
| Century-old Luzhou Laojiao Jiaoling | Luzhou Laojiao | 🇨🇳 China |
| Wuliang Tequ | Wuliangye | 🇨🇳 China |
| Fenjiu | Shanxi Fenjiu | 🇨🇳 China |
| Shede | Shede Spirits | 🇨🇳 China |
| Shuanggou | Yanghe | 🇨🇳 China |
| Jinsha | CR Beer | 🇨🇳 China |
| Luzhou Laojiao Erqu | Luzhou Laojiao | 🇨🇳 China |
| Luzhou Laojiao Tequ | Luzhou Laojiao | 🇨🇳 China |
About the owner: Gujing
Gujing is a publicly listed company headquartered in Bozhou, China. Brandtree records 3 brands under its control, and it is listed as SZSE: 000596 and SZSE: 200596.
Anhui Gujing Distillery is a baijiu maker in Bozhou, Anhui, set up in 1996 from the assets of the Bozhou Gujing distillery and the first Chinese liquor company to list both A and B shares, both in Shenzhen. Anhui Gujing Group holds 51.34% for the Bozhou state-assets commission. Besides Gujing Gongjiu it controls Huanghelou Liquor of Wuhan (51%) and Anhui Mingguang Liquor (60%). Revenue fell 20% to RMB 18.83 billion in 2025.
🇨🇳 Mingguang 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; Mingguang is not one of them.
- 17.5° — Nongfu Spring 🇨🇳
- AFIP — Changyu 🇨🇳
- Augerta — Tsingtao Brewery 🇨🇳
- Brave the World — CR Beer 🇨🇳
- Century-old Luzhou Laojiao Jiaoling — Luzhou Laojiao 🇨🇳
- Fenjiu — Shanxi Fenjiu 🇨🇳
Frequently asked questions
Who is the parent company of Mingguang?
The parent company of Mingguang is Gujing, a publicly listed company headquartered in China.
Is Mingguang Chinese?
Yes. Mingguang originated in China and its owner, Gujing, is also headquartered in China.
Is Mingguang still owned by Gujing?
Yes. As of 25 October 2026, Mingguang is still owned by Gujing (60% 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] 安徽古井贡酒股份有限公司 2025 年年度报告 (Anhui Gujing Distillery — 2025 Annual Report) — Anhui Gujing Distillery Co., Ltd., Annual report, published 29 April 2026; retrieved 25 October 2026.
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